Indianapolis Times, Volume 38, Number 280, Indianapolis, Marion County, 28 February 1927 — Page 11

FEB. 28, 1927

RECOVERY CONTINUES IN PORKER PRICES

STOCK EXCHANGE COMMENCES WITH LIVELYBUSINESS Economic Surveys Show Conditions Pleasing to Wall Street.

Average Stock Prices

Average of twenty industrials Saturday A-as 180.83. up .15. Average of twenty rails was 127.24. up .24. Average of forty bonds was 94.40, unchanged. Bu United Press NEW YORK, Feb. 28.—Week-end economic surveys added to Wall Street’s satisfaction over existing conditions. Further encouragement, was afforded by the $33,597,820 surplus shown in Saturday’s clearing house statement, compared with a deficit of $7,587,620 in the previous week, which demonstrated the local banks were in a strong position to take care of the month-end requirements and the March 15 tax installment. tfL Buying orders collected over Sunand stocks started off with a brisk pace at the opening today. General Motors continued to lead the industrials, reaching new high ground on the move at 164%, up %. Main Features Case Threshing Machine gained a point to 151, and Great Western Sugar sold at 119%, up 2%, and a record high. Frisco & Rock Island issues were outstanding features of the rails. Both reached the best levels yet attained, Frisco at 111%, up 1, and Rock Island at 81%, up 1. Professional operators made an energetic attempt in the late morning to bring about a reaction on the calling of about $15,000,000 in loans in preparation for month-end settlement. However, these efforts were held in check by active demand for standard stocks which came into evidence when other prices sold off. Powerful Support This indication of powerful support encouraged the constructive forces and further aggressive demonstrations took place in many sections of the list around noo^i. High grade rails moved ahead spiritedly, Atchison spurting 1% to 171% and Canadian Pacific, 3% to 190%. Oils were enlivened by an upswing of Houston, which soared 15% to 118%. Barnsdall was active around the best levels of the year at 35%, reflecting publication of the company’s 1926 report, which showed a balance of $5.24 a share on the combined A and B stocks against 53.35 in 1925. Improvement isl earnings have been ; accelerated by an increase | in the company’s production from i 17,000 barrels in November to ! around 25,000 barrels at the present time. This gain is taken by interests connected with the management to show an increase in the *2 dividend to a $3 basis at the March 11 meeting.

Local Wagon Wheat

Local grain elevators are paying $1.23 tor No. 2 red wheat Other vrsutee nnrehnsf>o on their merits

Peppermint Oil

(Bv Thcmson A McKinnon) NEW YORK Feb. 28. —Peppermint oil— Natural. [email protected]: U. S. P.. $4.40© 4.50.

Produce Markets

Butter (wholesale once)—Creamer.v best grade, a pound. 52® 56c. Butterfat Local dealers nay 54c a pounds. | Eggs—Strictly fresh delivered gt Indian apolis. 17@19e. Poultry (buying prices) Hens, large breed. 22©24c: Leghorn. 19® 20c: roost- J evn and Leghorn stags. 14©l*'c: stars' .voting springs 16©18e: soft meated springs, 19@20e: Leghorn springs. 35© 16e; ducks. 37©20e: geosp. 13 ©l2c: turkeys. young toms. 30®32e: hens. 30© 33c: old toms. 25c; guineas. 35c. Bu United Press _ , ' *NEW YORK. Feb. 38.—Flour —Dull but | ady. Pork—Dull: mess. $30.50. Lard—| ■ady: middle west. $13.85® 13.95. Sugar —Raw. quiet: 90 test, 4.96 c: refined, dull: * granulated. 6©6.Coc. Coffee—Rio —No, 7. ' 14%©15e: Santos No. 4. 17%©180. Tallow —Steady: specials to extra. 7% He ; 7•be. Hay—Dull: No. 1. $1.25: No. 3. $1 \ ©1.10: clover. $1.05® 1.35. Dressed pool- i try—Dull: turkeys. 30®62c: chickens 20; .. ©44c: capons. 28@40c: fowls. 17@ 32e; ; VMaeks, 22®30e: Long Island ducks. 28® 30e. Live poultry—Steady: gesee. 37© 35e: ducks. 19® 30c: fowls. 30 ©32c: turkeys. 25©30e; roosters. 1 He; chickens, 22 ©32c: broilers. 38® 50c. Cheese— Steady: state milk, common to special. 27 @2Bc: young America. 27®27%c. Potatoes —Long Island. $2.50@0: Jersey, bas- I kets, $1.50©1.75; State. $3.15©4: Bermudas. $7 © 15; Maine. $3.65 @.4.75. Sweet potatoes—Jersey, baskets, 60c© $2: southern, basket, 50c© $1.40. 81l United Press „ CLEVELAND, Feb. 28.—Butter—Extras. 50e in tub lots; standards. 49%c. Eggs— Extras. 25%c: extra firsts. 24%e: firsts. 23c- ordinary, 32c. Poultry—Heavy fowls, ranee 31<?z>32c; medium. .27®29c: Leg- j horns, 25<i$26c: heavy springers. 30 (at 31c: | durks. 34ra)86c: cooks. 17(918c: stag's. 20; <o22c; Leghorns, 24@20c. Potatoes Round whites. 150-pound bafrs. Maine, $4 4,25: New York. $3.50: Michigan, most. 53.25© 3.35: Idaho russet bakers. 120fjntmd sacks. $4 ©4.25: Ohio bushel sacks, $1.50® 1.60; Delaware Garnets in hampers. $1.50® 1.75. Take Steps Toward Soft Coal Combine 81l Unit I’d Press PITTSBURGH, Pa., Feb. 28—The first step in what is destined to be a bis soft coal merger will become effective tomorrow when the Cos-grove-Meehan Coal Corporation takes over the $1,500,000 mine of the Ber-v tha Consumers’-Company at Rachel W. Va. John H.Vones, president of the Bertha Company, admitted that this deal was the firs tmove toward a merger affecting twenty-four mines in West Virginia and eastern Kentucky. The Bertha company would be in control of the marketit is understood. BROOKLYN EDISON INCREASES Bn I niled Press BROOKLYN, N. Y„ Feb. 28.—A $25,000,000 increase in the capital stock of the Brooklyn Edison Company was voted today by the company’s directors and tsockhfclders. Two hundred and fifty thousand new shares, with a par value of SIOO, will be issued, increasing the capital stock from *75,000,000 to $100,000,000

New York Stocks

"-(By Thomson & McKinnon)

—Feb. 38— Railroads— Prev. High. Low. 1 :00. close. Atchison ..171% 169‘i 171% 169% Atl Cot L. . 193 % 192% 193 193% B&O ... 113% ... 113 % 113% Canad Pac. ... ... 187 VI C& O ... 157 % 155% 15*> 157% C& N W ..84 % ... 84 % 84 % C K 1 & P. 82 % 81 82 % 80% Del & Hud 178% . . 178 178% Del & Lack 150% .. . 150% IoOJS Brie ...... 46% 46% 46% 46% Eric Ist pfd 57% 57 57% 57 Gt North pf 89% 88% 89 89% Lehigh Val 118 117% 118 119 K C South. 52 % ... ol % 51 % L& N ... 135% ... 135% 136% MK&T. .40 "4 ... 40 % 39 % Mo Pae pfd 101% iol% 301% 101% NY Cent.. 144% 143% 3 44% 144% NY NH & H 65% 53% 55% 54% Northn Pac. 89 88% 89 88% Nor & Wn 168 167% 168 170% Pere Marq .121% T.. 121% 1~~% Penney ... 59 % 09% 09% 59 Reading .. 108% ... 108% 308 S Railway 120% 3 24% 120 120% So Pacific .108% 108 108% 108% St Paid . . . 15 St Paul pfd 22% .. - 22 % 22% St L & 3 W 70% 70 70% 70 St L& S F 114 111% 114 110% Union Pac 109% 169 169% 169 Wabash ... 75% 73% '4% ii?? Wabash pfd 94% 93% 94% 92 % Rubbers — Ajax 12 11% 11% Fick 18% 16% 18% l*?}? Goodrich .. 54% 54 ,64% 54% Goodyr pfd 102% 102 102 % 101% Kelly Spgfld 11 10% 10% It’I? U S Rubber 67% 60% 60% 60% Equipments— A C and F 106 105% 306 105% Arner Loco 112 111 113 IJI Ain Stl Fdy 45% ... / 46% 45% Bald Loco .201 193%' 200 104% Gen Elec.. 80% 85% 86% 86 Lima 72 ... 71% 71% N Y Airbrk 46 Vs ... 46% 46% Pr Stl Car 54 *4 ... ;>4 *4 Va Pullman ..183% 182% J 92 ?? In? Rail Sig ..103% 101% 102% 101 West A 8.153% 152% 153% 102% West El .. 74% 73% 74V* 73% Steels — . Bethl 49% 49 49 49,, Colo Fn .. 59 68% 58% 58% Crucible . . 86 % ... 86 % 86 A Gu St Stl.. 62% .... 62 % b 2% Ph RC Z I 45% 4o 45,, 44% ~.!* ,58* *Bo*‘ . si, :: 1 “S8 :* ’IK ‘ff! Vanadium .43 42% 42% 4Motors— Am 805... 17V* ... 17% U% Chandler .. 22% 22% 22% 23 Chrysler ... 43 % 42 % 43 % 42 % Con Mo . 12 15 I? Dodge ... 26 Vi 25 % 26 2o % Peerless .. .. ... ... Gabriel ... . . . 31 % Gen Mo ..105% 164 105% 163 Hudson ... 65 % 65 65 % 65 % Hupp .... 22% ... 22 Vi 22% Jordan ... 19 ... 19 18% Mack 105% 304 Vi 105% 103% Mar-Par .... ... ... 23 % Moon ... 9 %, Nash 07% 07% 67% 66% Packard . . 34 Vi 34 % 34 % 34 % Pi Arrow . 21 Vi ... 21 % 21 % Studeb ... 52 % 52 % 52 % 52 % StewAV .. 05% 64% 65 Vi 04% Timken ... 92 91% 91% 91% Wil-Ov . . 24 Vi 23 % 24 23 % Wh Mo ... 58% 67% 58 67% Mining— Am Sm ...151% 149 150% 148 Anacon . 48 ... 48 47% Cer De Pas 61% ... 61% 62 Inspiration. 22 ... 21% 22 Int Nic .. 43 42% 42% 42% Kennec .. 64 63% 63% 03% Tex G Z S 56% 55% 56% 55% Oils— All Ref ..113% 113 113% 112 Cal Pet... 30% ... 30% 30% Free Tex.. 40 , 46 46 45% Houston ...118% 109 118% 103% Did 0i1.... 30 i 30% 30Vi 30% Marland Oil 57 56% 50% 56% Mid-C Petrol 35% .. . 35% 35% Superior'O ... . st Pan-A P (B) 03 % 63% 03% 63% Pacific Oil. 1% ... 1% 1% Phillips Pet 57% 57 57% 58 Union Oil. . 52 % , . 52 % 52 Vi Pure 0i1... 32 31% 31% 31% Royal Dut. 51% 51% 51% 51% shell 30 % 30% . 30% 30% Sinclair .... 2121% . 21% 21 Skelly .... 36 Vi ... 30 % 30 % S Oil of Cal 58% 58 58% 58 Vi S Oil ot N J 39% 39 % 39% 39 Tex Com... 56% 56% 56 s , 56% Trans Petrol 5 ... 4% 4% Industrials — Ad Rumely. 13 % . 13%. 12% Business Improving, Says Federal Board It ' United Pres* WASHINGTON, Feb. 28.—Business conditions in the United States are beginning to speed up again after getting off to a slow start the beginning of the year, according to a business survey by the Federal Reserve Board. Industrial activity has been slightly larger during the past, seven ' weeks than at the turn of the year. Manufacture of iron and steel increased the latter part of January and all during February while the textile industry continues to boom, ! the board said. Automobile production, after reaching its low point for several years, ; has begun to pick up while contracts | for commercial buildings were larger ! the first two months of 1927 than a year ago. Declines were reported in factory output and building contracts for residential and industrial structures. Retail and wholesale trade showed •die usual seasonal decline after the Christmas holiday season with wholesale prices declining fractionally in January.

Commission Row

PRICES TO RETAILERS FRUITS Apples—Box apples. Jonathans. $2.25: Grimes. [email protected]: Spitzenberg. $2.50: Stayraens. £2.75: Delicious. $3.50. Extra fancy barrel apples—Jonathans. $5: Grimes, $3.75: Greenings. $4.50: Cherry Red Baldwins. $4.50: Virginia Winesaps. $5; Stsvmen. $4.35: Delicious. $7: New York Kings. $4.25: Rome Beauty. $4.50. Fancy barrel apples Jonathans. $4: Sta.vmeu $4: Rome Beauty. $4: New York Baldwin. [email protected]; Delicious. $5.50. Bas-(4o-lb. baskets)—Jonathans. y.L.Su: Staymen Winesaps. $1.50: Delicious. 5t.75: baking, $1.50: Wagners. $1.35: New York Baldwins, $1.40: Grimes. SI mo® 1.75: New York Kings. $1.50. Bananas (jobing price)—4%®sc lb. Cranberries—Jersey Howes, half bbl., $4 -Grapefruit—Extra fancy. s4@s: fancy. S3.2:>® 3.75. Honey—24-case crate. $4.50® 6. Kumauats—Florida. 20c ot. Lemons—California. $4 ©4.50. .Oranges—Florida. $3.50®5.50- Califor-s'-i© OVe0 Ve 8 ' eXtra lancy - $5.50 ©6.50: fancy. Pears—Oregon D’AnJourg $0 box. Pmeapnles—Cuba, crate. $5©5.50. Tangerines—Florida. [email protected]. Strawberries—Florida, 50® 55c qt. SEA FOODS Oysters—Gal.. [email protected]. VEGETABLES Artichokes—California $1.25 doz. Beans——Florida green. $7.50 hamper. Brussels Sprouts—Fancy California. 30c pound. Cabbage—Holland seed. 2c lb.: new lexas. 3e. Cauliflower—Crate. $2.75. Celery—California. $;,.50 crate: Florida. 4 © 6-doz. crate. $3: B®lo-doz. crate, $2: Mammoth (washed). $1.25 doz.: Jumbo (washed). $1 doz. Celery Cabbaee—Box. $2.25 Cucumbers—Hothouse. $2.75 dozen. Eggplant—Florida. $3 per doz. Garlic—California. 12%c lb. Kale—Virginia Broooli. $3 bbl. , Lettuce—lceberg, crt.. $3.50: H. G. hothouse. $1.65 15-lb basket: Texas endive. 75c doz. Mangoes—Florida peppers. $8 crate. $2 peek. , Mushrooms—Pennsylvania. $1.60 @1.76 for 3-lb. basket. „ Onions—H. G. yellow, 100 lbs.. $2.75: Spanish crt., SJ.BS: Indiana white. $2. Oyeter Plant—H. G.. 60c dozen. Parsley—H. G.. 60c per bunch: southern, 75e doz. Peas—Mexican telephone. $4.50 ® 5 crate. Potatoes —Michigan whites. l.)0 lbs.. $3.75: Russet Burbanks. 150 lbs.. $4: Red River Ohios. 120 lbs.. $3.75: Idaho Russets. 100 lbs.. $3.50: Idaho bakers. 60-70S. $4: New Texas triumphs. $4 hamper Radishes—Southern long reds 30© 35c: hothouse buttons, $1 25. Rhubarb-—H. G.. 90c. Root vegetables—Turnips. bu.. $1 . arsnips. bu.. $1.50: carrots, bu.. $1.50: new Texas, bu.. s2f Louisiana carrots, 65c doz : Canadian rutabagas. $2 ewt.j H. G. beets, bu.. $1.50: Texas beets. $2.25 bu.: Louiafna beets. 85c dozen. Shallots—Louisiana. 65 @ 75c dozen. Spinach—Texas. $1.15 bu. Sweet potatoes—lndiana Jersey. $2.26 bu.: Nancy Halls. $1.60: Indiana mediums. $1.50. Tr wf (to

Allis Cbal.. 91 % ... , 03% 94 Allied Ch.. 141% 139 Vi 141% 139 Vj Arm (A).., 14% .... J 4% 14% Amer Can... 50% 49% 60% 49% Am. Woolen. 24% Vnt* r.nu Am HAL pfd 50% ... CO% 50% Am S Raz. . o 4 03% o3 % Celt Death ... ••• ••• ....{ijj Coco Cola.. ... ... Cont Can... 71 71 '1 , lI T ANARUS, Ccrtainteed. ... ... Jo.v! Dav Chem. 31% 36 % ,21 * ,J 2 $ Dupont .. 193 , 188% 192 187% Fam Play. 112 Vi 111% ’> Us!? G Asphalt,.. 95 92% 9o 92% In Comb En 01% -_>B % pi A 5? Int Taper.. 50% 50% .3?., icn^ Int Harv.. 100 I§o 164 V* 160 Leows .... 56 Vi 00% &0 56 Mont D W S ard 67 ’60% ,28^ OwVn 1 Bot.. 1 79 % ::: ih Radio ....55% ,53% ,2-Us Rem Tm. 157 V* 154 {} Real Silk.. . -47 % ... , 47% 47% Sears-Roe... su>% % 05/ "£ TJntd Drug:. .. ••• aaa,, ?,Bg % TT Sn T P 225 Vi. ... 223 V* 222 U Sind AK" 85 4 85 85% 84% Woolworth 128 U ••• 1-8 Utilities—* ' A T and T 159% ... ]59% 159 Am Exprsa 137% ... 13<j% 13J,, Am Wtr Wk 74% ... 74% Brklyn Man 70% .... 69% 70% Col G and E 86 % 80 80 80% Cons Gas .100 99 % 99% 100,, No 6 Amer Coso % 50 ’M* Peoples Gs 131 Vi ••• 131 139 * Phila Cos ... . ... • 01 % St G and E 57% ... •>' ,-jZ /S Wn Union. .. ••• . 1o - Shipping— Am Int Cpn 39% ... 39% 39 tifJSS.?::,. ::: M iaW .8 1 .* 8* Foods— Amer Sug. .86 % 85 % 80 §5 % Am Bt Sug. 24% . . 24% 25 Austin Nich .. .5.? Beech N Pi 58 ... •> j>9% Calif Pack .. . ••• §7,4 Corn Prod. . 51 % 00% ol 51 % Cuba Cn pfd 47% ... 47% 48% Ctfba Am Su 20% ... j6J<> Jqu Fleischmann 49 % ... 49 % 49 % Jewel Tea. . 57% ... 57% 57 Jewel Tea. 57 % ... o 7 % 67 Nat Biscuit 99 ... 09 99 n, Punta Aleg 44 ... 44 44 Postum ... 99-s ... 99% 99% Ward Bak 832 % 32 % 32 % 32 Tobaccos— Am Sum.. 47 ... 47 47% Am Tob .. ... ... 1.77*7 Am Tob 8.121% ... Cons Cig.. 83% ... 83% 88% Gen Cig .. 54% f>9 % 09,% 04% Liggett .. . 92 91 % 92 92 Lorfllard .. 29% 29% 29% 29% RJ Reyn..l6o 99% 99% 91M4 Tob Pro B. 108 .. . , 100.% 108 tTn Cig St. 95 94% 9o 95 Sch R S. . 47 ... 47 47

Indianapolis Stocks

—Feb. 28— —Stocks—- _ Bid Ask Amer Central Life ....... .500 . .. An-.er Creosoting Cos pfd... 101 Ad Rumely Cos com 13 % ... Ad Rumely Cos pfd 36% ... Belt R R com 00% 71 Belt R R pfd ....... 67 ... Cent lnd Power Cos pfd.... 89 9a Cities Service Cos com 58 % ... Cities Service Cos pfd 91% ... Citizens Gas Cos com 49% 51 Citizens Gas Cos ........ ...106 Commonwealth Loan Cos pfd 99 ... Equitable Securities Cos com 51 . . tndiana Hotel oom 120 ... Indiana Hotel pfd 100 ... Indiana Pipe Line Cos 05 ... Indianapolis Gas 69 6-. Indpls & Northwestern pfd.. ;*0 ... Indianapolis St Ry iJSJr -(EA., Interstate P Ser or lien pfd. 99% 100% Merchants Pub Util Cos pfd.loo ... Progress Laundry com .... 22% ... Pub Sav Ins Cos 16 Raul) Fertilizer pfd 48% .. . RVal Silk Hoiery pfd ... 98 Standard Oil Cos lnd ZQ's ••• T H I & E oom 2 ... T H I & E pfd 24 T H T & L Cos pfd 89 ... Union Trac ot lnd com 4 Union Trac of lnd Ist pfd .... 10 Onion Trac of lnd 2nd Dfd.. .. 3 Onion Title Cos com ...... •• 8 - Van Camp Pack Cos pfd.... 16 ... Van Camp Prod Ist pfd. ... 90 97 % Van Camn Prod 2nd • 95 Wabash Ky com <4 .... WabAsh Ry Cos pfd 94 ... —Bank Stocks— ( 4etna Trußt and Sav Cos. .. .115 ... Bankers Trust Cos 182 ... City Trust Cos 140 Continental National 118 ••• Farmers Trust Cos 240 .... Fidelity Trust Cos 162 .... Fietcher American .......170 ... F,etcher Sav and Trust Cos. .260 ... Indiana Nationtl Bank ...209 ~<3 Indiana T.-ust Cos 230 260 Livestock Ex Bank 162 ... Marion County Bank 200 ... Merchants Nat Bank 325 ... Peoples State Bank 186 ... Security Trust Cos 270 ... State Savings and Trust ... 84 94 Union Trust Company ....410 ... Wash Bank and Trust C0..J58 . —Bon^s— Belt R R and Stockyards -4s 90 ... B.oad Ripple 5s 79% ... Central Indiana Gas 6a.... 98 ... Cent lnd Power Cos 6s J 9 -’., Citizens Gas Cos 5s *22 Citizens St R R 6s. .54^* Home T and T of W 6s. . . .103 104 Indiana Coke and Gas os.. 102% ... Indiana Hotel 6s 98% ... Indiana Northern 6s 6% ... Ind R.v and Lt 6s 96 lnd Service Corp 6s 92% ... Ind Union Trac 6s 6% Indpls Col 4 So 09 322^ Indpls Gas Cos 5s 2?*/ J22 1/2 Indpls Lt and Ht 6 3 2i Indpls & Martinsville ss. . . . 72% 74 Indpls Northern 5s 22 % 24 Indpls & Northwestern os. . . <2% i 4 Indpls & S. E. 55... 3 Indpls Shelby &S E 6a.... 2 ... Indpls St Ry 4s 04 66 Indpls Trac and Term 5a... 95 9b Indpls Union Ry 65.......101 Indpls Water Wks Sec Cos.. 100 ... Indpls Water 5%b ........103% ... Indpls Water 4%s ........ 94% 96 Interstate Public Serv 65..102 Interstate Pub SBs 0%5...103Vi 104 % T H I 4 E 5a 80 T H T and Lt 5s 93 . . Union Trac of Ind 8s ......19 -0 —Liberty Bonds—--Ist 3% s 101.50 101.70 Ist 4% a 103.30 103.50 2d 4Vi . !.. • 100.58 100.80 Sd4 * U 101.30 101.50 4th 4 % a 103.80 104.00 US Tr 4V4 9 111 40 1U.5 u S Tr 107. 107. US Tr L%a .......... . 104.40 104.5') Ten shares Van Camp Prod lßt pfd.. 91 BOATS HELCMN STORM Several Craft of Alaska Fishing Fleet Not Accounted For. Bil United Press , CORDOVA, Alaska, Feb. 28.—Reports drifting in from the vicinity of the Kodiak Islands, where a tremendous storm endangered shipping over the week-end, said the high winds had abated some today. Several craft of the Halibut fleet, which was anchored in the district swept by the winds, have put into port here and members of crews said the storm was one of the worst in northern Pacific history. No disaster has been reported among the 270 vessels of the Halibut fleet, but thus far only a few of the boats have been accounted for. There are about 1,000 men employed on the boats. Chicago Grain Table —Feb. 28WHEAT— Prey. High. Low. 11:00. dose. May 1.39% 1.39% 1.39% 1.39% July 1.33% 1.33% 1.33% 1.33% Sept 1.31 1.30% 1.30% 1.31 CORN— May 76% .76%' .76% .70% July 81 % .80% .81 .81% Sept ..... .84% .83% .84 .84% OATS - May 45% .44% .45% .45 JU RYE ' -45 ™ 451/4 May 1.06% 1.05% 1.05% 1.05% JU £aRD ■' 104 1-03 1-03% March .7” 12.40 12.40 12.37 May .... 12.65 12.05 12.60 JU niß3 ' ’ 2 ' B? 12.85 12.80 May .... 14.02 14.62 14.00 PET CAT KILLS FARMER Bv Times Soceial ■FT. WAYNE, Ind., Feb. 28.—A pet cat playing in the rafters of a barn dislodged a heavy railroad tie in the loft. The tie fell striking William J. Miller, 70, farmer, on the head. Miflor s>-a’rtii hours later.

THE INDIANAPOLIS TIMES

Higher Tendency Registered in Cattle, Sheep Trade —Calves Weak. —Hog Price Range— Feb. Bulk. Top. Receipts. 21. 11.9Qfq112.25 12.30 0.000 22. 11.05f.il 12.10 12.25 0,500 23. 11.504111.85 12.00 0,506 24. 11.85 fie 12.00 12.10 4.500 25. 11.85 ft’l2.lo 12.10 4.500 20. 11.90© 12.10 12.15 2.500 28. 11.80012.15 12.26 4,000 A continuation of the move to recover recent losses in the nog market at the Indianapolis stockyards marked the week’s opening trade. Prices were steady to 10 cents higher today. The 139 porkers remaining over the week-end were offered with the 4,000 received today. A large part of the trading was confined within the limits of $ll.BO and $12.15, with some sales setting a top price of $12.26. An advancing market placed prices at Chicago and here on about the same plane. Hog Price Range The three major weight classifications and their rates were: 160-225 pounds, [email protected]; 225-275 pounds, $11.50@12; 275 pounds up, $11.25@ 11.60. Pigs went at sl2 down and packing sows [email protected]. The cattle market was steady to strong, the fresh run estimating 900. Beef quotations included steers at $8 @10.50, cows, [email protected]; low cutters and cutter cows, $3.75@5; bulk stock and feeder steers, $6.75@8. Weak Tendency The trend of the veal market was steady to lower, good and choice kinds selling at sl6 down. The best vealers, out of a. run of 600 calves, brought sl6. \ With only 200 sheep and lambs received, the market was not given a thorough test. There was a tendency toward 25@50-cent higher prices. Top fat lambs sold at $14.35; bulk fat lambs, [email protected]; bulk cull lambs, [email protected]. —Hogs—l>ts. 4.000; market steady to higher. 90-13(1 lbs $11.25 St 12.00 130-160 lbs 12.00 #i>12.20 100-200 lbs l&OOS 12(25 200-250 lbs ll.SOtfi 12.20 250 lbs. up [email protected] —CattleReceipts. 900; market strong to higher. Beef steers sß.oo© 10.50 Bulk stock, and feeder steers. 6.754* 8.00 Beef cows 5.5041! 7.25 Low cutters and cutter cows. 3.75© 5.00 —Calves— Receipts. 600; market steady to lower. Best vealers $15.0041; 16.00 Heavy calves 6.50@ 9.50 —Sheep— Receipts. 200; market higher. Top fat lambs 14.35 Bulk fa tlambs 12.50® 14.35 Bulk cull iambs 0.75@ 10.50 Other Livestock Bu xZmiim ial F*. 8. —Hogs Receipts. 2,000: market 10c higher: tops. $11.85. Cattle—Receipts. 1.800: market slow; quarter lower. Calves—Receipts. 550: market steady: good to choice. sl2 14: medium to good. $9.50© 11.50: outs, $9.50 down. Sheep— Rceeipt*. 50: market steady: top lambs. $11012: seconds. $7.50 ©9; Sheep. $5©5..>0. • CHEERFULIONE ' PREVAILS IN PIT Optimism Strengthens Price of Wheat. Bu United Press CHICAGO, Feb. 28.—More optimism pervaded the trade at the opening of the Chicago Board of Trade today, general sentiment being cheered by the elimination of possible enactment of unsound legislation and the announcement that the grain futures act the Administration had agreed to suspend that part of the 'regulations which called for a report of individual positions In the open market. Wheat opened unchanged to Me higher than Saturday’s close. Liverpool was higher than expected, due to the falling off of shipments from the southern hemisphere to the United Kingdom, and this added to the bullishness here. Sentiment in corn continued bearish, with opening prices %c to %c lower than the previous close. This grain needs a broader commercial demand, and until it moves into consumptive channels in sufficient volume to give the cash market tone, lower prices seem inevitable. Oats have been well liquidated and are down to a price level where a little help from investors might bring better values. Prices opened unchanged to %c higher. Provisions opened higher. L REOPEN LEASE HEARINGS I. C. C. Revives Delaware & HudsonBufTalo Railroad Case. It ii United Press , WASHINGTON, Feb. 28.—The application of President Loree of the Delaware & Hudson Railroad for permission to lease the Buffalo, Rochester & Pittsburgh Railway was ordered by the Interstate Commerce Commission today reopened for further hearings. 1 The action was believed to have been taken because of the Delaware & Hudson appplication to acquire trackage rights over the Pennsylvania In the State of Pennsylvania. Commissioner Meyer has received no answer to a letter to President Noonan of the Buffalo, Rochester & Pittsburgh seeking a ninety-day extension of the option for the lease of the Buffalo road. The commission held both matters should be disposed of at the same time. , U. S. EXPORTS INCREASE January Figures This year Larger Than Last— Imports Decrease. Bu United Press WASHINGTON, Feb. 28.—The United States exported merchandise valued at $420,005,000 in January, 1927, an increase of $23,169,000 over exports for the corresponding month of 1826. Imports for January 1927 totalled }357,111,000, a decrease of $59,641,000, for the same month of the previous venr.

INDUSTRIAL GAINS, RAIL SHAKE-UP MARK WEEK Followers of Carrier Stock Awed by Court Decision -rAdvances Range Up to 200 Points.

By Elmer C. Walter Manager United Press Financial Service NEW YORK, Feb. 28. Aside from a shaking up in the railroad list, the stock market enjoyed another week of speculative ardor, gains literally ranging from small fractions to 200 points. Industrials came to the front, led by General Motors and U. S. Steel common, both of which attained new peaks for their history. The Supreme Court decision dpholding the Interstate Commerce

COUPLE ESCAPE SERIOUS INJURY IN RAIL CRASH Ten Other Persons Hurt in Accidents Over WeekEnd. After being dragged 150 feet along i the railroad tracks at Warman Ave. and hurled to one side by a cut of sixty switch cars in their demolished automobile, Miss Dorotha Horstman, 20, and Paul Bullard, 19, both ot 1415 Woodlawn Ave. miraculously escaped serious injury Sunday night. Police Lieut. Fred Winkler said Bullard was driving north on Wurman Ave., and ran onto the St. Louis division tracks of Big Four railroad, into the path of the cars. Both said they did not see the train or hear the crossing bell. C. A. Dainles, 2758 Brookside Ave., rear brakeman on the cars was unable to'warn the motorists. Miss Horstman suffered a broken collar bone and was injured about the arms and body. Bullard was Injured about the buck and legs. Autos,driven by Mrs. W. C. Zlietj 55, of 3315 Carrollton Ave., and Harold Jenkins, 23, of Seventy-third and Wright Sts., collided at ThirtyFounth St. and Park Ave., Sunday night. Mrs. Zliet suffered a fractured collar bone and was taken home. Jenkins was taken to the city hospital With a skull concussion. Ray Sears, 12, of E. Seventy-Third St., who was riding with Jenkins, was cut and fruised. Owen Crosby, Bloomington, lnd., was taken to the city hospital with minor injuries following a collision of his auto with the rear of a Garfield Park street car in front of 345 Lincoln St., Saturday night. Four “hit and run” drivers are sought by police today. An auto driven by Wallace Coleman, 23, of 827 College Ave., was struck at Thirteenth St. and Broadway and turned over. Miss Cecile Hudson; 2810 N. Olney St., and Miss Marie Meyers, 840 Grove St., were 6lightly injured. A rented auto was deserted after it struck an auto driven by Mrs. Cecil York, 25, of 5129 Brookvllle Rd„ at 2000 N. Talbott Ave. Mrs. York and Miss Peggie Sparr, 22, of 2041 N. Talbott Ave., who was riding with her, were both cut and bruised. They said two men and two young women in the rented auto fled after the crash. Police later arrested H. J. Check, 931 Massachusetts Ave., on an intoxication charge when he was found standing at the scene of the wreck. Autos owned by Dr. H. S. Osborne. North St. and Senate Ave., and H.’ A. Fenwick, 2119 N. Talbott Ave., wore struck while parked. Fenwick’s auto was in front of his home, and Osborne’s auto at 2800 Boulevard PI. Frances Churchill, 7, of 929 S. Missouri St., was cut and skinned about the head and face Saturday night when she stepped from the south curb of Ray St. into the path of a machine driven by Guy Dearth, 1629 Union St. Raymond Dusing, 110 N. Garfield Ave.. and J. E. Hardesty, 211 N. Beville, were also injured in automobile accidents Saturday night. f Births Girl* Krnest and Barbara MjCollum. 2935 School. Henry and Mi y, 1337 N. Tremont. Aubrey and Clara Hardeastle. 1630 Tabor. Edward and Marie Grimes, 337 S. Temple. Everett and Florenoe Houghland. 2403 N. Gale. Calvin and Hazel Coe. 3515 James. Abundia and Francisco Morales. 1136 Oliver. Boys Elmer and Gladys Keeler. 711 Parkway Donald and Dorothy MeClintie. 1502 N. Kealinp, Virgil and Ida Pugh. 1337 W. ThirtyThird. Russell and Eunice Taylor, Methodist Hospital. James and Dorothy Moden. Methodisi Hospital. William and Margaret Crays. 2407 Bethel. _, Dewey and Lorene Cralton. 1806 Howard. Paul and Anna Slate. 624 Hudson. J. E. and Man- Edwards. 117 Blake. William and Obelia Duniver, 120 Terrace. Deaths Katie Barckdaii. 48. 1354 Edgemont. acute dilatation of heart. Richard Dclmore Downey. 13. St. Vincent Hospital, nhhryngeal abscess. Oscar Coleman. 37. city hospital, acute nephritis. Mary Lohr. 65. city hospital, diabetes mellitus. Philip E. Gross. 436. city hospital, accidental. Pbrnis Aaron Cade. 67. 3913 E. Washington. carcinoma. Michael Burns, 41. city hospital, myoeardintis. . • Jennie Huber. 33. St. Vincent Hospital, peritonitis. Robert Rinehart, 5. 1421 Spann, mitral insufficiency. Nellie S. Ritterhouse, 53, Christian Hospital, diabetes mellitus. Elizabeth Dietzel. 62. 2424 N. Illinois, cerebral apoplexy. Stephen Alexander. 70. 829 Roanoke, mitral insufficiency. John Edward Worrall. 72. 737 N. Denny, cerebral hemorrhage. Elizabeth Jane Hunsncker. 00. 2205 E. Michigan, chronic nephritis. James Delbridgc. 75. 3306 Kenwood, seminlegia. Irvin Capps. 2 days. 1X45 Bates, acute catsrrahl jauudiee. Robert Edwin Davis. 6 hours. St. Vincent Hospital, premature. Arthur Bcckner. 47. city hospital, accidental. Edward Rufus Oton. 57, 1606 Pleasant, mitral regurgitation. Emma Abel. 07. 1565 College, hypostatic pneumonia. Charles Oscar Welter, 1. 910 Lexington, broncho pneumonia. . Donald Frauds Wille. 2 months. 429 W. mu.

Commission’s valuation of the Loa Angeles & Salt Lake Railway, the President's veto of- the McNaryHaugen farm relief bill, an advance in call money on Friday to 5 per cent, the highest rate since Jan. 5, and development of more active business in steel and other industries were the outstanding events in the financial district. Exaggerate Meaning With regard to the Supreme Court decision, traders have come to the conclusion that its importance had been exaggerated, and it is now believed in Wall Street that railroads will be able to take their Individual cases before the Supreme Court, each being given separate consideration. Brokers had besn telling their clients that the Los Angeles Railway valuation would be a test case and had been advising purchasers on the theory that its validity would be questioned by the highest tribunal; hence when the announcement came from Washington that their predictions had been'erroneous, large blocks of railroad stocks were thrown upon the market suddenly with the result that losses up to 12% points were sustain’d. Rails Fall Behind Further study of the decision, however, showed traders that they had jumped to conclusions, and a rally of proportions equal to the selling ensued, sending most prices of depressed issues to within two or three points of their previous day’s close. However, eagerness to pick up low price rail issues with merger possibilities was dampened, and this group relegated to the background for the remainder of the week. Following the holiday industrials snatched the lead from rails and kept It up to the eloseing bell on Saturday, at which time, nowever, it was noticed that interest ui these shares was being reincarnated.

ASSEMBLY ON HOI STRETCH (Continued From Page 1) of the pockets of the county treasurer. Senators and Representatives are making the acquaintance of Indianapolis city officials in person. They are also learning to know more State house employes than ever before. And all through that potent influence —the lobby. Way Pay Boost City Smoke Inspector Joseph Buchanan has attended so many sessions that his name sometimes nearly added to the roll 1 call. City Controller William C. Buser and Corporation Counsel Schuyler Haas have divided their office hours between the city hall and the house for weeks. They want a raise in pay. Haas has been on the Job only a few weeks. The medical bill no doubt will pass the Senate tills week. It has been fought consistency but clever parliamentary mar.iuvering in the House of Representative Walter A. Huffman and in the Senafe by Dr. John H. Hewitt and Senator L. G. Bradford has saved it. Although there has been a great hue and cry all State commissions and boards, except possibly the pardon board, will survive. Taxation and control of taxation have consumed much time with little effect. Horizontal decreases and a reassessment under the Llndley act will give the farmer some relief, but hardly enough to offset additional levies for various specific purposes. The farm bloc has tried hard; but was confronted with malcontent persons ih its own ranks, seeking the limelight for political preferment. 150 Bills May Die Small hope is held for passage of the teachers’ tenure bill after It goes to conference. House members who supported the measure are loathe to endorse the act In its present shape. Under amendments adopted in the Senate Immorality would 4 be only reason for an Immediate cancellation of the teacher's contract. Introduced late in the' session the Freemyer-Shull bill, which would open the teachers’ retirement fund eligibility to permit those who failed to elect membership before Oct. 31, 19.°3, to join before Oct. 31, 1928, hardly can be passed. There is no sentiment against the bill, but another case of being caught in "the jam.” More than 150 hills will fall by the wayside 4his week for lack of time. No night sessions are scheduled. FRANCE PLANS TO PAY Expects to Make Temporary Agreement With U. S. This Week Bv United Press PARIS, Feb. 28. Temporary settlement of the Franco-American war debt problem today was expected by the ministry of finance to be signed this week. France proposed and the ministry said the United States had practically accepted an arrangement whereby the Mellon-Berengcr debt funding agreement would be shelved for the time being, while France would pledge herself to make a $30,000,000 payment this year.* This sum was specified in the Mellon-Berenger agreement as the initial payment. to obtain parliamentary support for ratification of the Mel-lon-Berenger agreement. Premier Poincare has suggested a temporary agreement which would postpone necessity for final action on the funding scheme for the entire debt. ASSAILANT SLASHES MAN Police sought the assailant who cut Walter Holland, 405% W. North St., at Indiana Ave. and North St., Sunday night. Holland said he was standing on the corner when the man came up from behind/ and slashed him twice across the chest. Police tqok him to the city hospital, where six stitches weer required to **the wounds.

Orphan Boy, 16, Sells Liquor BU United Press PHILADELPHIA, Pa., Feb. 28.—William Maddes, 16-year-old orphan, youngest bootlegger to come into polico tolls here, today was held under SBOO ball following his arrest in a raid on a "speak-easy.” Following his candid confession that he was one of the proprietors of the place, Maddes explained to the surprised magistrate: ‘‘You see, judge, it’s this way. I’m an orphan and have to have a job to live. Bootlegging’s a good racket, there's good monpy in it, and I figured I might as well get it as somebody else.”

2 STATE POLICE HEED IN LIQUOR PROBEBY 0. S. Charged With Conspiracy —Other Officers Are Involved in Quiz. Lieut. Ralph White of Whiting and Arthur D. Brookman of Hammond, suspended State policemen, today are held result of the Federal grand jury Investigation of an alleged huge liquor ring in the northern part of Indiana. The policemen are charged with conspiracy to violate the prohibition law by being implicated in the running of liquor from Canada through Chicago into the State. Mass of Evidence A mass of evidence, involving two more State policemen, the sheriffs of four counties, and a Circuit court judge, is said to have been gathered by Chicago agents. Indictments expected to be returned by the grand jury will result in startling disclosures, according to George L. Winkler, deputy prohibition administrator. Son, 16, Arrested A Gary dispatch confirms the arrest Saturday of Dan Melloy, 47, former dry agent, and his 16-year-old son, Clement, in connection with the alleged booze graft. Melloy, under $1,009 bond, indicated he would come to Indianapolis to give testimony, further aiding the grand jury’s probe. Charles W. Butterfield of Valparaiso and William Gardner of Gary, the two other State policemen under suspicion, were interviewed Saturday by United States Attorney Albert S. Ward and Winkler. MASKED MEN THREATEN Group Wearing Regalia I.ike Klansmen Call on Mobile Mayor. Bii United Press MOBILE, Ala., Feb. 28.—Members of a masked delegation who called on Mayor Hartwell last night and threatened Ijlm were being sought today. The group, wearing regalia greatly similar to the Ku Klux Klan regalia, surrounded Hartwell’s home and issued the threats, he told police. Ha-twell believes the reason for the threats is that he refused to permit the Klan to participate in the Mardi Gras Tuesday as there Is an ordinance forbidding masking without premission. The mayor claims the masked group promised to ‘‘get me” because he had discriminated against the organization. MARINES FIRED UPON Trains Carrying American Troops in Nicaragua Made Targets. Bii United Press CORINTO. Nicaragua, Feb. 28. Random shots have been fired at troop trains carrying United States Marines detailed to guard duty at Nicaraguan cities. The shots were believed to have been fired by irresponsible individuals. as there was no attempt at a concerted attack on the trains. New Marine camps wero established today at Masaya and Grenada, where citizens had expressed alarm at nearby activity of Sacasa Liberal troops. REPORTS BOY VANDALS Youths Damage Building Under (onstruction at 2500 Churchman Ave. More juvenile vandalism was reported to police Sunday. Oscar Michaels, 807 N. La Salle St., a contractor who is erecting a building at 2500 Churchman Ave., said boys in the neighborhood damaged the property and tools on several occasions. During the past few days police have investigated several cases of youthful vandalism.

DIVIDEND NOTICE . Utilities Power & Light Corporation 7% Cumulative Preferred Stock The Board ot Directors ol Utilities Power * Light Corporation tt • meetrag hrW this day declared a quarterly dividend (or the period ending March At. 1911, of One Dollar and Seventy-Five Cents (SI.7S) per share upon the ontaiandint Preferred Stork of the Corporation, payable April 1, 1927, t SMchbolaerz M i record at the close oi business March 7, 1927.* • Class A Stock A quarterly dividend (or the period ending March 31, 1927, ol Pilty Cewis (SOc) per share on the .Class A Stock abo was declared, payable April 1, 1927, to stockholders of record at the dose of business March 7, 1927. Undeg the resolution of the Directors, the holders of Class A Stock haws the right and option to accept, in lieu of their cash dividend, additional Class A Stock at the rat* ol one-fortieth of a share for each share of Class A Stock standing of record in their respective names at the close of business on March 7. 1927. Unless by the close of busisera March 7. 1927, the stockholder advises the Corporation that he desires his dividend in cast), the Corporation will send to him on April I, 1927, the additional stock (or scrip for fractional shares) to which he is entitled. , Class B Stock A dividend of Twenty-Five Cents (2Se) per share also was declared OS the Class B Stock, payable April 1, 1927, to stockholders ol record at the close of business March 7, 1927. U nder the resolution of the Directors, the holders of Clam B Stock, or Voting Trust Certificates representing such stock, have the right and option to accept in lieu of their cash dividend, Voting Trust Certificates lor additional Class B Stock at the rate ol one-fortieth of a share for each share of Class B Stock standing of record in their respective names at the close of basinets on March 7, 1977. Unless by the dose of business March 7, 1927, the mock bolder advises th* Corporation that he desire his dividend in cash, the Corporation will sand to hkn on April 1, 1927, the additional stack (or scrip far (actional shares) to which he is entitled. „ a. u cum, ,fwhm— CUcmt*, PL, fetrwory It. 19Z7.

PAGE 11

‘PENDING’WORD ON PROPOSAL TO COT LIGHT RATE Schedule for Refunds to Be Ready March 10, Says Perry. “Pending” is the keynote today in the execution of tha electric rate cut proposals of tho Indianapolis Power and Light Company. The promised rate drop, whereby $350,000 will be cut annually for fl\o years, from the bills of 60,000 light and power consumers, will be flld with tho Public riervlco Cgmml#slon, "in the next few days," according to Norman G. Perry, president. Effective Tuesday “The new rate schedule may be filed any time befdro the March bills are made out,” Perry said. “We will submit it, however, by March 10.” The new rates are effective Tuesday, John W. McCardle, Public Service Commission chairman, and Commissioner Frank Wampler, declared the arrangement satisfactory. The trust agreement promised by Harley L. Clarke, Chicago utility magnate, controlling the merged company, whereby $200,000 in securities was to be deposited by him, guaranteeing against increase In rates for five years, also is "pending.” Art ion Expected The agreement as prepared hy Frederick H. Matson, attorney for tho Chamber of Commerce, wr.s placed in the hands of Clarke's Chicago attorneys last week. They notified Charles N. Thompson, local attorney, they would como to Indiannpolis “sometime this week” to further discuss terms of tho agreement. “They merely notified mo to this effect,” Thompson said. “All we can do is to wait.” ,“It wns indicated to me the mottor wotild be concluded when tho attorneys arrive,” Matson said. Matson, who is leaving the city on a vacation Tuesday, said “tho proposition will be left In the hands of Robert D. McCord and the law firm of Cronk & Wilde.”

About the Lobbies

Senator Earl W. Payne, whose In dianapolis address, according to th - Senate directory, is the Claypot I Hotel lobby, was the butt of one of the most sarcastic witlciams dellv ered by the lieutenant governor during the present session. It was during the voting on the medical Injunction bill Saturday. Payne had voted “no” when he meant “yes,” on n motion to table. Later he blushed and attempted to change his vote. The chair recognized him and then announced: “Senator Payne desire* to change his vote from “Yep to “Nope.” With the session of the Indiana Legislature drawing to a close, .legislators are frequently commenting on the splendid service rendered by A1 Snyder, who looks after the printing of all bills and calendars- Snyder Is no novice at the work and knows everyone by their giver n&me. If ho wasn’t a good printer lie would mako an Ideal politician. Principal Doorkeeper Jeronv Brown, a veteran In the Senate, has lived up to his old record of “service with a smile.” Even when h*> had to escort Senator Oliver Kiln** (Rep.) Huntington, to his seat he did so with a grin. The chair had called the cloture rule on Kline, but he wo* reluctant about heeding. M’CORMICK CASE ENDS Divorced Wife Waives Right to .Stock—Suit in Federal Court Here. Bii I lifted Press CHICAGO. Feb. 28.—The fight within the Harold C. McCormick family over 192 shares of Standard Oil stock was ended today when Mrs. Edith Rockefeller McCormick, daughter of John D. Rockefeller and divorced wife of the former harvester magnate, waived rlghta In the income from the stock. The suit originally was brought in Federal Coiwt In Indianapolis In behalf of Anita Oser, daughter of the former Mathilda McCormick and Max Oser, Swiss riding master. TWO STORES ROBBED Burglars entered a drug store at 1572 College Ave. through a rear door Sunday night and took cash and merchandise valued at $27.80, J F. McLcy, owner of tho store, tol I police. The 11. F. Epstine tailor shop. 11 E. Twenty-Eighth St., was entered Sunday night and clothing valuad at SB2 stolen.