Indianapolis Times, Volume 38, Number 302, Indianapolis, Marion County, 26 March 1927 — Page 11

MARCH 2(5,1927

PORKER TRADE STEADY TO 10 CENTS UP

STOCKS HANDLE PROFIT-TAKING IN IMPRESSIVE WAY Business Situation Good — Industrial, Financial Circles Cheerful.

Average Stock Prices

Average of twenty industrials! Friday was 100.21, off .00. Average of twenty rails was 127.84, oft .44. Average of forty bonds was 97.16, up .11, new high. Bu United Press NEW YORK, March 26.—Stocks handled the customary week-end profit-taking in an impressive manner in today's abbreviated session. Bearish professionals attempted to , expand the normal technical reactions in the speculative leaders into a substantial downward movement, but their efforts were frustrated by the strength of the business situation and the optimism prevailing in the high financial and industrial circles. W The latter was illustrated by extremely bullish statements given out on their departure for Europe by Secretary Mellon and John J. Raskob, chairman of the finance committee of the General Motors Corporation. The head of the Treasury Department emphasized the healthy condition of the stock market, while Raskob predicted a record year in 1927 in both sales and earnings of General Motors Corporation. These demonstrations of the attitude existing in influential quarters regarding current economic conditions were reflected in the resumption of the forward movement of the main body of stock after the first hour of corrective processes had been completed. Steel, General Motors a"d other industrial leaders scored sheirp advances, while continued overflow of investment funds Into seasoned stocks was reflected in another spirited gain on the part of American Telephone. MERGER PLANNED New Jersey and Michigan Branches of Durant Motors to Consolidate. Bu United Preen NEW YORK, March 26.—Wa1l Street learned today of preliminary plans to consolidate the Durant Motor Company of New Jersey and the Durant Motor Company of Michigan through an exchange of stock. The New Jersey company was understood to have made an offer to licquire the stock of the Michigan kmpany, an affiliated organization. -The 6 per cent preferred stock of the New Jersey company, which is offered in exchange for Durant of Michigan, Is convertible into common stock on or before May 1. 1928, on the basis of one share of preferred for two shares of common, subject to retirement after Jan. 1, 1229. RUMORS HEARD Announcement of North American Plan Leads to Other Reports. 1> u United Press NEW YORK, March 26. Announcement that the North American Company, one of the largest western Mtilities, was to increase and reclassify its capital structure, led today to rumors of mergers in the utility field. The North American Company proposes to increase its authorized •$•10 par 6 per cent cumulative stock from $60,000,000 to $100,000,000 and to increase the 6,000,000 shares of . $lO par common stock to 10,000,000 I shares of no par stock. It is proi posed to change the redemption | price of preferred stock from $52.50 to $5 a share and to change the place of annual meeting from Newark, N. J. to New York City. The proposals will he placed before shareholders at the annual meeting in Newark o April 25. The Federal Trade Commission recently found that no monopolistic control existed in the public utility Since this finding utilities have Been In favor on the markets here and rumors of mergers in various companies have been growing.

Banks and Exchange

—MaTf h 26 INDIANAPOLIS STATEMENT Local bank clearings were $3,228,000: debits, $5,930,000. Clearings for the week wore $19,443,000: debits. $38,858,000. EARL CARROLL ASKING— Whether to Fay Own Fare to Frlson of Let, Government Do It. Bn I ilcd Press NEW YORK, March LG.—Earl Carroll, theatrical produced, considered a weighty problem today—whether to pay his own fare to Atlanta, where the Federal penitentiary is, or to have the government pay it. It all depends on whether he surrenders here or in Atlanta to start serving his sentence of one year and one day for perjury. His sentence is scheduled to start next week. If he surrenders here and the government pays lie will be taken south in a prisoners’ car with a gang of convicts. Federal attaches pointed out, whereas if lie pays his own way he can travel in comfort and solitude. BANK REPORTS WANTED i National and State Calls for Condition as of March 23. ! Bv f niteil Press _ WASHINGTON. March 26. ■Bprnpt roller of the Currency Mclntoday Issued a call for tho condition of all national banks, as of the closing of business on March 23. STATE CALL ISSUED Luther Symonds, chief bank ex- ! aniiner of Indiana, gent out. a call | for statements from all State banks | as of March 23. The call was put I the mall Friday night, Symonds | announced this morning. |

New York Stocks (By Thomson & McKinnon)

—March 20— Railroad*— Prev. High. Low. Close. close. Atchison .177 ... 17014 17.)% At I Cst 1 183 b & o ... 114't naii mti ii:% Can ad Pac 183 44 ... 183 % 183 44 C&O .. . 102% .. . 102% 102 C ft N W. 81 ... 81 80% C R I & P. 80'4 80 80% 80*. Del & Hud 185 % 184 185% 184 Del ft Lac 10314 102 103 161 Krir. 44 % 43 44 44 % -13*4 Erie Ift pfd 55'4 55 no 1 , 65 <it North pf 80% 80 80', 80*4 Lehigh Val 110 ... 110 110% K C South'! 49% 48 44 49% 49% Mo Pac pf 100% 99% 100 44 100% N V Cent. .144% 113% 144"; 143% NY NH ft H 49 % ... 49 49 North Pac. 85% 85 85% 80 Nor ft Wn 174 17.3 173% 174% Pei-e Marq... ... ... 119 Penney ... 59% 5814 59 58*4 Reading .. 109% 108 109% 108% S Railway 124% 123% 124% 124 So Pacific 312% 111% 112 111% St Paul .. . 13% .. . 13% 13% St Paul pf<l 21 ... 21 21 St I. ft SW 09% 08% 09% 00% St USP 112% 111% 112 % 111% Union Pac 108 107% 168 107% Wabash ... 09% 69% 09 44 09 44 Wabash pfd . . ... ... 9444 Rubbers— Fisk Rubber 18% 17 44 18% 17% Goodrich R . . ... ... 54 Goody pfd 105 104% 104% 104% Kelly Spgfld 10% 18% 19% 19 U S Rubbr 130 % 09% 60% 61 Equipments— A C and F 104% 102% 104% 102% Am Stl Fdy 45 ... 45 45 Amer Loco 110% 110 110% 110% Bald Loco .183 179 *4 183 180% Gen Elec. . 8.5 84 % 84 *4 85 % Lima Loco. 68% ... 08 % 08 Pr Stl Car. OS% 05% 07 44 00 Pullman ... ... 178 % Ry Signal .113% 112% 113 111 Wcsth Abk 151*4 150% 151*4 151% Westh Elec 74 44 71% 74% 74% Steel*— Bethlehm . 51 % 50% 51 50'.', Colorado 1' 58% 58% 58% 58% Crucible ..91 ... 90% 90% Cult Stales 00% P R C ft T 43 42*4 43 43 Rep I ft Stl 71 % 70 70% 71 Sloss-Sheff. ... ... ... 129% V S Steel 10444 163% 164*4 104 Vanadium . 50 49 50 49*4 Motors— Am Bosch. 15% 15% 15% 16 Chrysler .. 40% 40% 40*4 40% Gen Mot.. 179 176% 179 170% Mack Mot 104 4* 103 V, 104% 104% Hudson ... 09 07 4s 09 07*4 Hupp 21U 21 % 21% Dodge 21% 20% 20% 21% Studebaker. 52% 51% 52% 51% Nash .... 04 03*4 64 03 44 Stewart-W.. 50% 58% 59% 58% 'Timken ... 85% 85% 85% 85% Pierce-Arr.. 21% 21 21*5 21% Willys-Over. 21% 20% 21% 20% Minings— Dome Min. 8% ... 844 8% Gt No Ore. 21 ... 21 21 Int Nickel 30*4 ... 30% 40 Tex G ft S 62% 60*4 62 62 44 Coppers— Am Smelt 145 % 143 % 145% 145 Anaconda.. 46% 46% 40% 40% Inspiration. 19% ... 19 10 Kennecott... 02% 02% 62% 02% Chille .... 37 * 37 >4 37 % 37 % U S Smelt 40 ... 4040 Oils— Cal Petrol. 28 2744 28 28 Ind 0i1.... 25 24% 25 25 Houston O 100% ... ... 104 Marland O 50% 49% 50% 50 44 Mid-Coni P. 34 ... 33% 34 P-A P IB) 04% 01*i 04% 02% Union Oil.. 44 % 44% 44% 45% Phillips P.. 50*4 49 % 50% 50 Slu-lly Oil. 31 ... 30% 31 Pure 0i1... 29% 28% 29 20 Royal Dut 50% ... 50% 50*4 8 Oil of C 56 % .. . 56 44 50 % S Oil of N J 37 % 37 37% 37% Sinclair .. 18% 17% 18% 17*4 Texas Cos. 48 44 48 44 48% 48% Trans COR O 4 % ... 4 % 4 % Industrials— Allied Ch 130 % 138 44 130% 130*4 A Rumely. 12% 12% 12% 12% Allis Cllal 139% 138 % 139% 130% Amer Can. 47% 40% 47% 47 A II t L pi 50% Amer Ice.. .. ... ... 129 Amer Wool 21% ... 21% 21*4 Cent Leath. 10% ... 10 10% Coca Cola .190% ... 190 100% Cluctt Pbdy 00 ... 60 Ho Cont Can.. 05% ... 0544 05% Dunont .. 200% 208 209% 208 F Players .100% 107'% 100% 109*4 Gen Asphalt 85 84 84% 85 Int Paper. .57 ... 57 57 Int Han- . .154% 154 154% 154*4 Int Cm En. 53% 52*4 63% 53% Mont Ward 60% 03% 00% 60 Leows 50 57% 59 58 Radio .... 50 48 49% 49*4 Real Silk ..47 40 47 46*4 Sears Roeb. 54 % 54% 54% 55 Unlv Pine. 35 34 34% 34% Un Drug 104 105 USCI P. . . . ... 213% 213% U S In Al. 72*4 72*4 72% 72% Woohv .. .125% 125% 125% 126 Utilities— Am T & T. 167% 165% 167% 164% Am Exp . . . 129'., Am Wa Wk 77% ... 77 77% Bklyn Man . . ... 60 00 Col G ft B . . ... 87% 86% Cons Gas... 97% P7U 07% 97', interboro... 45% 44% 45 46 ‘ NAm Cos.. 48 47 47% 48% Peo Gas .... ... ... 130% Phila Cos 107% 109% St G & El. 57 66% 67 50* West TJn 150 %

Peppermint Oil

(By Thomson & McKinnon) NEW AORK. March 25. Peppermint oil-NaturaL U. S. P. $4.40 (u. 4.50.

Local Wagon Wheat

Loral grain elevators are paying sl.lO for No. 2 red wheat. Other grades are purchased on their merits.

Commission Row

TRICES T 9 RETAILERS FRUITS Apples—Box apples—Stay-mens, $2.75: Winesaps. $2.76; Delicious. $3.50® 3.75 i',? tr 2,^ fa , nc ¥. barrel apples Wlnesaps. s(>: Rhode Island Greenings. $4.50: Cherry ?! :< rn Baldwins. $3.76; Rome Beauties. $1.50; Ne\v York Kings, $4.50; New York Baldwins. s4® 4.2a- York Imperials. $4; Staymens. $4.00: Ben Davis. s4® 4.50 fancy barrel apples—Staymens. $3.75; Winesaps, [email protected]: Baldwins, $3.75Rome Beauty. $3.75 @4: New York Baldwins, $3.50: Ben Davis. $3.75. Basket apples 140-lb. baskets)—Staymen WinejaPfu StoO; Delicious. $1.75: Romes, sl-i0; fancy Romes. $2: Winesaps. $2: ''aimers. $1.35: New York Greenings, |1">0: .New I ork Kings, $1.50: Baldwins, $1.20: Staymens, $1.75. Bananas (jobing price)—4%@se lb. —Jersey Howes, half bbl far?c2* P s3 n^ X,ra fan ° y - * 4 - 60<?r5 Lemons—California, $4.50@5 . Orange)"—Florida, $3.25 ®4.26: Califors3 75®5 75° Xtrn fan '’- v ' * 4 - 751 k 8 : fancy. Strawberries— Florida. 40® 45c at.: So. 24-qt. case. VEGETABLES Artichokes—California. $1.50 doz bunHfe. ° corßla ‘ crate ' Beans—Florida green, $5 hamper. Brussels Sprouts—Fancy California. 30c pound. Cabbage—Holland seed. 2c lb.: new Texas, 3%c. Cauliflower —Crate, $3. Celery—Florida. 4®o-doz. crate, $3.75: 8%10-doz. /rate $3.60; Mammoth (washed). $1®1.20 doz. Cucumbers—Hothouse $2 75 Eggnlant—Florida. $2.50 per doz Endive—Louisiana. $3 bbl. Garlic—California 12 %c lb. Kale—Louisville bags. $1.50 . Lettuce—lceberg, crt., $3.50®4; H. G . hothouse. $1.05 15-lb. basket. MangoPS—Florida peppers. $4.50 crate; $1.50 peck. Mushroomp—Pennsylvania. $1.50® 1.76 for 3-lb. basket. Onions—ll. G. yellow. 100 lbs.. $3.76: Spanish, crt.. [email protected]. Onion Sets —Red and yellow. 2 bu.. $5: white, 2 bu.. $8.50: Texas Burmuda plants. 5.000-crate, 55.60. Oyster Plant—H 0.. 60c dozen. Parsley—H. G.. 60c per bunch: southern, 75c doz. Peas—Mexican telephone. $7.50 crate. Potatoes—Michigan whites, 150 lbs.. $3.60- Russet Burbanks. 150 lbs.. $4.25: Red River Ohios. 120 lbs.. $3.40: Idaho Ru-sets. 100 lbs.. $3.75: Idaho bakers. 0070s, $4: Triumphs. $4 hpr.: new Floridas. 50 lbs., SO. Seed potatoes—Maine cobblers. 150 lbs., $5.50: Red River Early Ohios. 120 lbs.. $3.75: Bliss Triumphs. 160 lbs.. $5.50: Early Rose. 150 lbs.. $4. Radishes—Southern lone reds 30 @ 35c: hothouse buttons. $1.26 Rhubarb—H. G.. 6 lbs.. 50@85c. Root vegetables—Turnips, bu. 90c; parsnips, bu.. $1.75: carrots, bu.. $1.50: H. G. beets, bu.. $1.50: Louisiana beets, 90c dozen. Shallots—Louisiana, 60c dozen. Spinach—Texas. $1.50. Sweet potatoes hue Nancy Halls. $1.35: Indiana mediums. Tomatoes— Six-basket crt.. $3.50 @5.50.

Shipping— Am Int Cp . . ... 37% 37% Am Sh & C 4% ... 4*4 4% At! Gu ... 31% 30% In Me M pfd . . ... 40% 40% Un Fruit .. ... 120% Foods— Am Sug. . ~ ... ... 83 Alls Nirh .... ... 7 5% Be N Pkg.... 54 % Calif PUg. ... ... ... 05% Corn Pds. . 53% 52% 53 63% Cu Ca pfd 41% Cu Am Sug .. ... 24% 24 % Fleischmami 52% 51 52% 51 Jewel Tea. ... ... ... 57% Nat Bine .110% 1091* 110% 109', Punta Aleg ... ... 38% Postum ... 05% 05 05% 05 Wd Bk B 23% 23% Tobaccos— Am Sumatra .. ... 49 40% Am Tobacco .. ... ... 126% Am Tobac B .. .. 123% 126% Cons Cigars. 78 77 14 78 77', Gen Cigars. .. ... ... 5414 LieirfU 00 >4 90', Lorillnrd .. 27'4 20% 27% 20% k T Reynold 109% 109 Job Pr B .103% 103 103% 103% Un C Stores .. ... 89% 89% Schulte RS 49 ... 48% 48%

SHARP ADVANCES IN WHEM PRICES Corn Gains Lost—Oats Closes Higher. Bu United Press CHICAGO, March 26.—Higher foreign markets set the pace for wheat traders today and range of prices was at sharp advances. Local shorts were on the buying side, but commission houso buying was not particularly aggressive. Although all of the advance was not held, closing prices were at substantial gains for the day. The English market was 1 to l%c up and Buenos Aires was lc higher. Local arrivals were 31 cars. The cash market was unchanged to %c higher. Corn was active and strong early with substantial advances scored, but all of the grains were lost and the close was fractionally ov. Shorts were credited with buying but selling developed on the bulge. The cash demand was quiet and receipts were fair at 105 cars. Weather conditions were favorable. Oats we *e firmer with other grains with some local buying. Commission houses were on both sides in a small way. Receipts were 42 cars. The cash market was %c higher. Provisions were easier, with a narrow trade. GILLIOM ANGERED BY LESLIE’S JAB AT HIS OPINIONS Attorney General Pens Sharp Reply to House Speaker's Remarks. ( Aroused by the speech of Speaker of the House Harry Leslie in which he declared the recent Legislature had no one to go to for legal advice. Attorney General Arthur L. Gilliom today sent a two-page letter to Leslie at Lafayette, Ind., denouncing such a statement. Leslie made the charge in taking the blame before tlio Indiana. .Senate Friday afternoon regarding the Senate amendments which failed to get into the budget hill. The letter to Leslie closes with the following advice, applicable to all legislators. Let public officials always understand, respect and observe the constitution. which they have sworn to uphold, and no one will go far wrong.” Three Rulings During the session and later upon request for opinions from the Governor, Gilliom held that three out of 300 bills passed were in violation of the Constitution: The legislative pay raise from $6 to $10; the Nejdl bill providing for local court appeals from public service commission decisions and that clause of the appropriation measure which provides funds for the Dearth impeachment trial. * The letter to Leslie quoted the following from the Speaker's Friday talk: "This lias been a peculiar session. We had nobody to go to for lega' advice. I always thought that people were elected to save laws instead of to tell us that It wasn't any good.” Advice Available To this Gilliom replied: “If that was your expression, which I hope it was not, it is obvious that you intended to have the inference drawn that the office of the attorney general was not open to you and the members of the General Assembly for the proper legal advice. “It is true that the attorney general is not a mere “yes” official. But it can not truthfully be said that any one haviig a right to consult the attorney general for legal advice has been denied an opportunity to receive prompt and honest advice.” In closing Gilliom announces that so long as he is attorney general he shall continue to perform the duties of the office as prescribed by law and give opinions when asked, ‘‘whether so doing pleases or displeases the inquirer.” ASK BUS EXTENSION Petition asking extension of street car bus service to Twenty-First St. and Arlington Ave., was filed today with the Indiana public service commission by fifty residents of the vicinity. THEFT IS REPORTED These of two gold wrist watches valued at $55 an da ring worth $25 from her apartment at 201 N. New Jersey St., was* reported by Mrs. Mabel Brock today.

THE INDIANAPOLIS TIMES

Cattle Steady and Calves Slightly Weak —Sheep, Lambs Nominal. —Ho* Price Range— March. Bulk. Top. Receipts 19. 11.35(111.90 11.90 1,500 21. 11.45d 12 00 12.10 1.500 22. 11.40 (@12.00 12.15 5.000 23. 11.40® 12.00 12.15 6.000 24. 11.50 ® 12.25 12.2.". 4,500 25. 11.40 @12.15 12.25 5.000 20. 11.40® 12.15 12.25 2.500 Early sales in the hog market at the Indianapolis Union Stockyards today were steady to 10 cents higher and in later trade the market became mostly 10 cents up on the hundredweight. The move here was in sympathy with the Chicago market, although the small run was another factor in the price advance. The greater part of the sales at the local trade center were at $11.40 @12.15 and the top was steady at $12.25. Estimates placed receipts at 2,500 and holdovers from Friday’s run were 490. Hog Price Range Meat weighing 160-200 pounds went at $11.85® 12.15 in general, with some lots at $12.25: 200-250 pounds. $11.40@>11.95; 250-300 pounds, sll.lO @>11.50. Pigs remained steady at $11.50@12 and packing sows were steady to lower at $9.00@)10.50. The cattle market was steady, the run counting 400. Beef steers were $5.50@>10.50: beef cows, [email protected]; low cutters and cutter cows, s4@ 5.25: bulk stock and feeder steers, $6.75@8. Show Weakness Calves were steady to weak. The bulk of good and choice vealers sold at sls, best veal at $15.50. Two hundred were received. No market was established in the sheep and lamb branch, with receipts only 50 head. Considering the market as quotably steady with Friday's prices meat valuations were: Top fat lambs, $15.75: bulk fat lambs, sl3© 14: bulk cull lambs, sß© 11.50. —Hogs— E-erinls. 2.500; market steady 1o higher. 00130 lbs $11.00<5 12.00 130-100 lbs 11.7512.00 100-200 lbs 11.85® 12.25 200-250 lbs ' 11.36® 11.00 250 lbs. up 10.755i 11.45 —Cattle— Receipts. 400; market steady. Beef steers §8.50 Si 10.00 Bulk stock and teeder steers 0.75® 8.00 Beef cows 5.50 (ri 7.75 Low cutters and cutter cows 4.00® 6.26 —Calves— Receipts. 200; market steady to wrsk. Rest vcaicrs 515.00® 15.50 Heavy calves 0.50® 9.00 —Sheep— Receipts. 25; market nominal. Top fat lambs 515.75 quotable Bulk f it lambs 13.00® 14.00 Bu'k cull lambs B.oo® 11 50' No actual sheep market today; quotations are Friday a. Other Livestock Bu Times Snr vial I.OUISVILLK. March C>.—Hojrs TU- • market btoady: tops. $11.85. I Cattle—Receipt*. 100; niarkrt Ft^acly. Calve*—Receipts. *?00: market steady; I ~001 to choit*** 5i0.50'%• 12.50: medium to sr>od. sß.so fa 10.50; outt*. $8 50 down. Sheep—Rp<"ipts. 50; market steady: top lambs. SI2CI 13: seconds. $106! 11; sheep.

Produce Markets

Butter (wholesale price)—Creamery best grade, a pound. 49@/>oc. Butterfat—Local dealers pay 48® 49c a pound. Eggs—Strictly fresh delivered at Indianapolis. 20 'h 21c. Poultry ihuying prices)—Hens, large breed. 21 a 22c; Leghorns. 18 4Vl9c: roosters and Leghorn stags. 14 St 15c: tasg.v young springs, l.'ri 18c: soft meat- • and sprlnrs. 20 Si 21<.: Leghorn sorlngs, 15Sj l.c: dink-. 17Si20c. geese, ll@i2c; turkeys, young toms. .10@32c: old tom*. 25c: hens. 30®32c: guineas. 35c.

Indianapolis Slocks

—March 25—Stock*— Bid Ask \incr Central Life ......500 ... Amer ( rrosollng Cos pfd...101 105 | id llu me yCo com 13% ... I Ail Ru-o'v Cos pfd 35% ... t K R com 00 70 ! Poll n R pfd 57 "t ind Power Cos pfd .... 89 90% I Cities Service Cos com 51 % ... i Cities Seriicc Cos pfd 901* ... ; citizen* Gas Cos com 60 ... Citizens Gas Cos pfd 100 ... Commonwealth Loan Cos pfd 99 ... Eiii--tb'e Securities Cos com 51 ... Hook Drug Cos com 28 % ... Indians Hotel com 120 ... Indiana Hotel pfd 100 ... Indiana Pipe Line Cos 07 ... Indianapolis Gas 59 ... Indpls ft Northwestern pfd.. 60 ... Indianapolis St Ry 37% 39% Interstate P Ser pr lien pfd 99% ... Merchants Pub Util Cos pfd. 100 Progress I,sundry com ... 22% 23% Pub Sav Ins Cos 16 .. Raub Fertilizer pfd 48% ... Real Si'k Hosiery pfd 100 Standard Oil Cos Ind 67 ... T H 1 ft E com 2 ... T K T & E pfd 21 V H T 4 L Cos pfd 89 ... Union Trac o( fnd com Union Trac of Ind Ist pfd .... 1C Union Trac of ind 2nd ofd.. 2 Union Title Cos com 81 ... '‘an Camn Pack Cos pfd ... 10 ... Van Camp Prod Ist pfd.... 90 97 Van Camp Prod 2nd 96 , Wabash Ry com 09 % ... Wabash Ry Cos pfd 93% ... —Bank Stork*— Aetna Trust and Sav C0....i16 ~• Bankers Trust Cos 132 ... City Trust Cos 140 .... Continental National 118 ... Farmers Trust Cos 240 .. Fidelity Trust Cos 162 ... Fletcher American 170 ... Fletcher Sav and Trust Cos. .265 Indiana National Bank ...207 270 Indiana Trust Cos 230 250 Livestock Ex Bank 162 ... Marion County Bsnk 210 ... Merchants Nat Bank 325 ... Peoples State Bank 186 ... Security Trust Cos 275 State Savings and Trust ... 87 95 | Union Trust Company ....410 ... Wash Bank and Trust C 0... 168 .... —Rond*— Belt R R and Stockyards 4s 90 ... Broad Ripple 5s ••• Central Indiana Gas 55.... 98 ... Cent Ind Power Cos 6s ....100 ... Citizens Gas Cos 5s 102% 104 Citizens St R It 5s 85*4 85% Home T and T of W 65... 103 ... Indiana Coke and Gas 65.. 102% Indiana Hotel 5s 98% ... Indiana Northern 5s 3 ... Ind Ry and Lt 6s 95 tnd Service Corn 65....... 92% ... Ind Union Trac 5s 3 ... Tndpls Col ft So 0s 98 100% Indpls Gas Cos 5 99% 100% Indpls Lt and Ht 6a 10l % 102 Indpls & Martinsville 55... 74% 76 Indpls Northern 5s 23% 25 ?ndpls & Northwestern ss. . . 74% 75% , Indpls & S E 6s. ...... . 2 Indpls Shelby ft S E 55.... 2 ... Indpls St Ry 4s 03 04% Indpls Trac and Term 6s. . . 95 96 indnis Union Ry 6s. . . ~, .101 indple Water Wks See C0..100 Indpls Water s Vis 103% 106 Indpls Water 4%s 94% ... Interstate Pub S Bs 0%5..102 ... Interstate Pub S Bs 6%5..103% ... T H I & E 6s 85 T H Trac and Light 55.... 95 .... Union Trac of Ind 6s ... . 19% 19% —Liberty Bonds—--Ist 3%s i01.20 101.50 Ist 4% s 103.20 103.60 2d 4%s 100.40 100.60 3d 4%s 101.10 101.30 4th 4% s 104.00 . 104.26 US Tr 4%s 114.00 114.30 t* STr 4s 108.50 108.6 C U 8 Tr. 3*t 105 90 100.20 US Tr 3%s 89.80 100 25 —Sales— SI.OOO Citizens St R R 5s ff.% SI,OOO Uninn Trae of Ind 6s * % $2,000 Union Trae of Ind 0s 0% SCOUT CHIEF ON AIR F. O. Belzer, Boy Scout executive, will broadcast Monday at 7:10 p. m. over WKBF. This will be the second of a series of short talks by executives of Community Fund agencies, being broadcast every Monday night from the Hoosier Athletic Club station.

Beauty and the Biscuit

Os all the handsome pups in the Boston Dog Show, ‘‘Wild Oaks,” wirelia*red fox terrier of R. C. Bondy- of New York, was adjudged the best, and the grand prize biscuit for which ail his competitors yelped so enviously, came to him.

MANY STOCKS CLOSE ABOVE PAST LEVELS U. S. Steel and General Motors in Demand —Oils Active on Exchange and Curb; Also Utilities.

By Elmer C. Walzer NEW YORK, March 26.—The influence of call money on the stock market was demonstrated Friday when stocks, aftpr rising sharply up to the end of the fourth hour of trading, declined in the last hour as the call rate advanced to 4*4 per cent. Money had been renewing and lending at 4 per cent earlier. However, early advances had been so substantial that the selling failed to wipe them out completely, and at the close the majority of stocks were well above their previous final levels. United States Steel common was again in urgent demand, rising to new high ground about 165. General Motors also Improved and. unlike steel, managed to hold part of its gain. Rails continued in demand while Oil shares made the best showing in weeks. Oil Movements Houston Oil was a spectacular leader in the oil group, ranging between 97% and 107 and closing at 104. a gain of 7% points for the day. General Asphalt rose 2 points to 85 and Lago 1% to anew high for the year while Skelly, after rising a point from its low, closed unchanged due to selling in the last hour. Norfolk & Western ran up to the best level for the Issue in six years at 176, but declined to close at 174. off %. Atchison was the weak feature of the carrier group, dropping l*j to 175%. Commercial Solvents B

Marriage Licenses Pete Simion. 21. laborer. 219 Bright: Mac Brison. 17. 829 Washington. William James Willard. 28. chauffer. 221 Indiana: Helen Mae Van Dyke, 20, 421 W. Sixteenth. Earl Wills. 24. farmer. Boone County. Indiana: Clara Anderson, 21. housekeeper, 318 Dorman. Charles Leater Norris, eierk. 21. Detroit. Mioh. Aretus Harbin. 19. saleswoman. 005 N. Keystone. Harrv Virl Sheekes. plasterer. 35. 1309 Nnrdvke: Lulu Mae Strader, housekeeper. 30. 1458 Blaine. . _ C'erem-e C. Gibson. 28. laborer 1030 W Michigan: Effie Cruse. 24. housekeeper. 1630 W. Miehigan. Joseph Morris. 25. 821 N. PennsylvaniaKathrvn Wi'dason. 24. 3102 Bellefontaiue. Hershel Merritt. 20, 3847 Sipann: Mary Daikeym. 18. 960 English. George Howard. 34. 21 E. Sixteenth: Dorothy Brooks, 30. 725 N. Pennsylvania. Richard Hill. 62. 1402 Union: Mamie Chappell. 50. 114 Kansas. James Mize 32. 5625 Greenfield; Mary Shuey 22. 5825 Greenfield. Edward James. 30, 41 Whittier PL; Catherine Lewie. 28. 135 Johnaon. Earl Fairbanks. 22. Detroit. Mich.: Emma Moodv. 17. 1157 S. Randolph. Stacey Gable. 21. 501 Jones and Mildred Boorman. 16. 560 W. Morris. Richard Fields. 25. 934 Minerva: Buelah Walker. 22. 4832 California. Births Boys Sidney and Beatrice Cahn. Methodist Hospital. Jerome and Ellen Manchester. Methodist Hospital. Joseph and Anna Kendrick. 1022 N. Traub. Frnest and Ida Flemings. 849 Colton. Kenneth and Josephine Weaver, 1002 Montcalm. Walter and Nellie Penioks. 934 Fayette. Robert and Willow Burns. 1625 E. Vermon.t Mayo and Sophia Pardo. Long Hospital. Virgil and Jessie Johnston. Long Hospital. Otis and Edna Sandefer. 3944 Hoyt. Carlos and Ellen Jones. 1028 Arrow. Wil'iam and Edna Borgmann, 1130 N. Mount. George and lola Maze. 2006 W. Miller. Everett and Minnie Morrison. 1921 Hovry. Thomas and May Brown. 1101% E. Ohio, William and Mattie Renner. 1344 Charles Joseph and Mary Wigginton. 1338 N. Illinois. Morion and Naomi Smith, °3tß Adams. Curtis and Anna Stevens, 2526 Indianapolis. H.vman and Lena Buries, 909 Maple. Mathew- and Mary Harrison. 228 W. Thirteenth. Lowell and Donna Dant, Methodist Hospital. Frank and Marie Reiss. Methodist Hospital. Max and Myrtle Becker. 456% S. Keystonf. Girls Phillip and Bertha Kraft. Methodist Hospital. Thomas and Alberta Merrill. 1604 E. Palmer. Clarence and Jennie Williams. 1140 Roosevelt. Donald and Helen Murphy. 515 N. Delaware. William and Frances Brown, 941 Lynn. Crawford and Pearl Prtteher. 940 Olive. Benjamin and Margaret Meisel, Long Hospital. George and Helen Croxtop, Long Hospital. Olie and Mattie Hundley. 1117 Harlan. Edward and Ross Wayt. 3124 W. Pratt. Curtis and Gertrude Smith, 514 S. Pennsylvania. Henry and Katherine Reefl ( 2849 Shelby. Wesley and Sophia Fuhrmann, 739 N. Npw Jersey. Robert and Amanda Jones. Christian Hosnital. Warren and Irma McClure. 1643 Spann. Homer and Fannie Calvert. 434 W. Merrill. Robert and Mildred Schroeder. 2041 N. Illinois. Lewson and Sarah Gipson. 2305 Ralston. Loyd and Edith Hedge, 237'5. Keystone. Ananias and Hanneta Coleman. 227 W. Fourteenth. Bryan and Alice Smock. 545 Arbor. James and Lucille Felton. 2940 N. Pennsylvania. Cecil and Florence Burgett. 1409 N. Kealiug. Ira and Eveline Williams. 1334 Olive. Louis and Hazel Ludlow, Methodist Hospital. Ewing and Laura Campbell. Methodist Hospital. Herbert and Jean Ralls. Methodist Hospital. Marvin and Helen Brinson. 568 N. Pershing. Clarence and Mildred Carter. 2023 W. Vermont. Emerson and Orella Jones, 2136 Columbia.

in the higher-priced list, rose S',4 points, Matheison Alkali was up 3%. Continental Insurance, 6%; Montana Power, 4 points; Pressed Steel Car, 4% and Fidelity Phoenix Insurance, 3**. On the Curb Curb stocks also showed considerable improvement with oil and utilities leading the advance. Bonds continued under pressure in some sections of the list though high grade securities were well taken at rising prices which further reduced yields. Liberty and Treasury bonds sold off generally. Cotton prices fluctuated in a narrow range through most of the day. closing higher. Wheat also appreciated moderately. In the foreign exchange trading Sterling and Canadian currency featured, both rising to new high ground for the year, gains in the latter were ascribed to the prospects of an early opening of shipping traffic in the Great Lakes. Deaths William N. Staats. 78. 1235 N. Alabama. lobar nneumonia. Florence Parsons, 44. city hospital, chronic nephritis. Loretta Murphy. 28, city hospital, chronic myocarditis. Nancy F. L'nversaw. 6H, Methodist Hospital, chronic myocarditis Jane Cachal. 43. city hospital, chronic myocarditis. Margaret R. Slaughter, 70. 308 Kenmore Rd.. pernicious anemia. Sarah Doyle Martin. 70, 2517 E. Thirteenth lobar pneumonia. Sallte Young. 80. 1132 Carter, hypostatic pneumonia. Harvey Otis Kimberlin. 59. 1854 Ludlow. diabetes. James W. Carney. 73. 2053 Chester, apoplexy John Hendley. 68. 1320 N. Illinois, acute gastro enteritis. Thomas Turner, 30. Twelfth and West, accidental. Jennie Benson. 63. 4431 Winthrop. chronic nephritis. William Joseph Clay. 1. 2838 Ashland, broncho pneumonia. Robert G. Klcinsclimidt. 2 months. 709 E. Minnesota, meningitis. Jacob Kern Miller. 93. 1100 N. Keystone. broncho nneumonia. Louise Bernhardt, 46. 1145 Olive, pulmonary tuberculosis. William .1. I.atnb. 04. Methodist Hospital. lobar pneumonia. Betty .lane Brown, s months, Riley Hospital. broncho nneumonia. Arthur E. Haskett, 00. city hospital, general paralysis. Amanda Z. Christopher, 2235 Broadway, cholecystitis. Melvin W. Hobbs. 61. Methodist Hospital. myocarditis. Florence E. McCray, 03. 1923 N. Meridian. acute dilatation of heart. laac Williams. 35, 760 Indiana, pulmonary tuberculosis. Anna Blanch Wagoner. 39, 1838 N. Rural. broncho pneumonia. Titus B. Everett. 50. city hospital, cerebral hemorrhage. I. Simpson. 63. Methodist Hospital, lobar pneumonia. Dorothy E. Armborst, 7. 1902 S. Talbott. septicaemia. Louise .1 Meldrum. 69. 1810 Ludlow, cerebral hemorrhage. Clarence F. Ballard. 20. Battles Sanitarium. brain tumor. Ralph Harrold Shake. 1. city hospital, pyelitis. Building Permits T. C. Powers, garage, 4417 N. Pennsylvania. S4OO. J. H. Miles, dwelling and garage. 5830 Broadway, $4,200. •I H. Miles, dwelling, 929 Hervey, $3,000. 'V. .1, Applegate, dwelling and garage. 1450 N. Linwood. 54.000. Indianapolis Independent Oil Company, tanks, northwest corner Maryland and Missouri. $2,500. Charles Kanlan. dwelling and garage. 318 E. Sixty-First, 54.200. C. S. Becker, alterations, southwest corner Thirty-Eighth and Washington Bird.. 5000. G. T Garriatt. dwelling. 1221 E. FortyNinth, S7OO. Charles O. Shinier, dwelling. 6231 Brookside Rd., $3,000. J. W. Coffey, garage. 3815 N. Pennsylvania. S4OO. William Huegele, garage. 2104 Webb. 51.200. Fairmount Glass Works, addition, S. Keystone and Belt Railroad. $3,000. Fairmount Glass Works, building. S. Kerslone and Belt Railroad. $7,000 Mary E. MeGuff. addition, 1792 S. Randolph, 51,500. Puritan Finance Company, dwelling and garage. 1420 Kappes, $2,000. Illinois Realty Company, alterations. 10 W. Market. SIYOO. Allied Coal Company, alteration, 14 AY. Ohio. S9OO. Indiana Refining Company, tanks. 3516 E. New York. SO,OOO. D. W. Talmadge. dwelling and garage, 3302 Orchard. $2,550. D. W. Talmadge. dwelling and garage. 3310 Orchard. $1550. Huber ft Flaskamp. heating. 020-22 W. Fortieth. SIOO. Rufus Paynter, heating. 313 Berkeley. S4OO. Mary Brezvaor, remodel, 2810 W. Tenth $1.055. Carl Rlnids. dwelling. 5420 Guilford. $3,750. Charles W. Martin, dwelling and garage. 1230 Livingston, $2,300. H. H. Pointer, dwelling. 4420 N. Meridian. SIO,OOO. Emma Wiebke, addition. 610 E. lowa, S4OO. William H. Fox. dwelling and garage. 1214 N. Bosart. $3 850. Katheriue B. Mott, dwelling and garage, 4555 N. Delaware. SIO,OOO. Rav McClure, dwelling. 1930 Winfield, $2,000. D. D. Augustus, dwelling and garage. 531 E. Fifty-Sixth, $0,500. Mrs. Cecelia Stalnaker. elevator, 227 S. Meridian, $3,000. C. E. Daugerty, dwelling and garage. 5360 N. New Jersey. $5,800. William Low Rice, plant. 515 N. Capitol. SOQO. TEAC HER TO SPEAK Dr. Samuel E. Dong', 1305 Kdwards Ave., who has returned from a trip to the Holy Land, will speak at a meteing of the Interdenominational Bible class at the N. New Jersey St. Methodist Church, New Jersey and | New York Sts., Friday evening. The Bible class financed Dr. Long's trip.

MANAGER DIE STARTEOIN CITY (Continued Ftym Page 1) signatures after filing of the petition. The petition filed with tho clerk is transmitted to the city council and a date is set ior the election, two commissioners s.erving with the clerk as officials. If the plan carries, seven commissioners will be elected in November, 1929, taking office in January, 1930. They will name a city manager for "his ability and executive qualities.” No salary for the manager is stipulated. City Clerk William A. Boyce, Jr., and City Council President Claude E. Negley, who will name tho election commissioners, declared the city manager election will be honest-' ly conducted if a petition is filed. Anderson is 38 and lives at 14 N. Irvington Ave. He is married and has two children. He is vice president of the Irvington Republican Club and a member of the Columbia Club, Scottish Rite, Murat Shrine, Sigma Nu, All Souls Unitarian Church and Indianapolis Bar Association. Directed Bureau He was graduated from De Pauw University and Indiana Law School and later became director of the bureau of Municipal Research at Princeton University, where he was in close touch with the city manager movement through the Now York bureau, the National Municipal League and the Academy of Political and Social Sciences. While living at eSattie, Wash., he was president of the Municipal League which sponsored a city manager movement. ‘‘When the adoption of the city manager plan was proposed two years ago it was urged that time be given for mature consideration. Representations were made to the citizens committee of 1,000 that they were moving with too much haste and that time should be given for a more careful study of the matter. It will be recalled that at that time we were in the midst of a mayoralty campaign and those who were candidates for city offices asked the people for an opportunity to show what they could do under the present system,” said Anderson. In fairness (o the candidates, the committee decided to desist from action at that time and await results. The results are now well known. The candidates who were elected have had ample opportunity to demonstrate their ability and the people are the judge of their performance and are now entitled to an opportunity to register their verdict. This opportunity we propose to give to the citizens of Indianapolis at this time. We are confident of the results. Law Inadequate ‘‘Some attorneys, including the author of our present city charter, have insisted that the Indiana city manager law (chapter 218. acts 1921) is inadequate. In refutation of such opinions the committee has secured, from a number of the city’s ablest attorneys, signed opinions to the effect that the Indiana statute Is absolutely sound and workable. ‘‘Although the amendment to the city manager statute, passed by the last session of the General Assembly and approved by the Governor was intended to make it impossible for the city manager plan to become operative, until Jan. 1, 1930, notwithstanding the citizens of Indianapolis might vote to adopt the plan at once, there is every reason to proceed Immediately. Further delay would give the opposition time to further intrench themselves. Good Citizens ‘‘Notwithstanding all the unfavorable publicity that Indianapolis lias received we know that the overwhelming majority of our people are good citizens and prefer efficient, honest and capable management of our municipal affairs. Accordingly, the citizens committee has, therefore. decided to proceed with the campaign and give the people an opportunity to express their desires. ‘‘One of the first steps will be to supplement the petition which already has been signed by 22,000 citizens and prepare it for filing. Already more than 500 persons have volunteered to assist in a systematic effort to add more names to the petition. I shall want at least 4,000 workers for this purpose and confidently expect to have that number of volunteers to circulate the petition before the end of the coming week. For the present, the headquarters will be at 703 Continental Bank Bldg. Phone Main 1615, where all those who are willing to assist are Invited to communicate with me.”

Sees Billions in Gems

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A billion dollars’ worth of diamonds and gold is merely so much dirt to Maj. Alexander Wilcox. The major, arriving recently in Los Angeles for his first glimpse of America, has supervised the extraction of a billion dollars wortli of gems and precious metal from the South African mines.

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CHINESE LEADER WAXES DEFIANT (Continued From Page 1) in complete charge of the dangerous situation. Williams specified that lie wanted 1,000 of the ‘‘leatherneck” corps—the world’s most famous marching and fighting men. Army Chief Confers Possibility that the Government *\as considering sending some of its regular Army forces to China was reported as tlie result of a. conference between Secretary of State Kellogg and Secretary of Navy Wilbur, into which MaJ. Gen. Charles L. Summerall, chief of staff of the United States Army, was v called. Rumors that troops now in Texas were being prepared for this duty, however, were denied. Officials indicated the additional marines were the only new forces believed needed to cope with the situation at this time. Secretary Wilbur, after this conference, went to the While House to confer with President Coolidge. MaJ. Gen. John A. LeJeuene. marine corps chief, said no commander had been selected yet for the new overseas contingent, but added he himself was not going. Brig. Gen. Smedley Butler is in charge of the present marine force at Shanghai, and it is believed he will remain in charge of the enlarged safety force. Navy officials said the new contingent would include 1.228 enlisted men, the other 272 including officers, medical men and other attaches. All Foreigners Safe All foreigners have been removed from the rioting city of Nanking. Secretary of the Navy Wilbur announced today. One American has been killed and a woman wounded, AVilbur said. The others are safely aboard ships in the river near the city. One Japanese was killed and two wounded. This accounted for the 155 Americans at Nanking University. Other foreigners also have been removed. ‘‘l think that clears up the situation at Nanking," Wilbur said. ‘‘l believe we got out of it rather lucky. There seems to be no further danger at that point.” Coolidge Pleased The dispatch announcing Americans' safety came while Wilbur was conferring with the President at the White House. It was telephoned to him from the Navy Department and given immediately to the President, who expressed gratification, A SIO,OOO Red Cross contribution for the relief of destitute American refugees from Nanking is being telegraphed today to Consul General Gauss at Shanghai. Tho refugees are badly in need of food and clothing, Gauss reported. Wiht the ominious warning of the Nanking terror driving them on. Americans from all over the vast Yangtze valley of China were fleeing today to Shanghai. There United States war vessels and marines are waiting to give them tho protection of the Stars and Stripes and American guns. Refugees Crowd Ships Across the plains and rice fields, missionaries and others are concentrating at river ports, crowding the ships which are to carry them to the precarious safety of Shanghai. "American Consul General Gauss has received reports from Hankow and elsewhere in the Yangtze vallfcy to the effect that rapid evacuation to Shanghai is taking place,” the* State Department announced. HATE TURNS TO AMERICANS North and South Chinese Hostile— Property Looted. Bu United Press PEKIN, March 26.—-Antl-Ameri-can demonstrations were spreading today in north and south China. Violence was reported at Foochow, Fuki Province, and 800 miles northward at Chefoo, Shantung Province, the American consul today requested that a destroyer be sent to protect American lives and property. At Foochow, American property was forcibly entered and the local authorities made no effort to prevent depredations, despite requests from the American consul. There were anti-foreign and anti-Christian demonstrations. Request for an American destroyer at Chefoo followed dissension between the police and military. Orders Protest United States Minister John V. A. MacMurrray today instructed ths American consul at Tfankow to protest to Euegene Chen, Cantonese Nationalist foreign minister, against the Nanking incident for which Mac Murray charged the Cantonese were wholly responsible. His message to the consul said to “protest against the unprovoked and outrageous attack upon and killing of American citizens at Nanking by Nationalist forces and to start the United Sattes expects that every possible measure will be taken for the relief of Americans still at Nanking.”

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