Indianapolis Times, Volume 38, Number 303, Indianapolis, Marion County, 28 March 1927 — Page 9

MAKCH 28, 1927

HOGS UNEVENLY 10 TO 25 CENTS LOWER

MARKET BUOYANT; FLOOD OF BUYING ORDERSRECEIVED ms. Steel Common Spurts New High in History of Corporation.

Average Stock Prices

Average of twenty industrials Saturday was 160.55, up .34. Average of twenty rails was 128.32, up .48. Average of forty bonds was 07.19. up .03. BULLETIN Bu United Press NEW YORK. March 28.—General Motors and United States Steel common spurted to new high levels in their history in a I burst of bullish enthusiasm on lhe stock market today. G. M. L. went to 184?6 and Steel 165f.i. I United Press IJEW YORK, March 28.—Enlisiasm was revived by vigorous response made to interviews in Saturday’s hour. This demonstration of strength brought a flood- of buying orders over the week end, and the whole market was buoyant in early trading. John J. Raskob's statement that General Motors' export business was running 70 per cent ahead of a year ago, proved particularly stimulating and the stock rose to new high ground on the current movement at 180%, up 1%; United States Steel, Baldwin and other leaders of the industrial section were also in urgent demand at the best levels of the rally from last week’s break. The market open higher. Stocks continued to move ahead aggressively In the late morning, paying little attention to bad breaks in special Issues like Electric. Refrigeration and American Brown Boveri. Neither was any importance attached to an advance in call money to 4% per cent from the renewal rate of 4 per cent. This was recognized as a reflection of heavy credit demands incident to the end of the month. Confidence legarding the supply of funds available for speculative purposes was strengthened by the surplus of $63,078,320 shown in Saturday’s clearing house statement and by the expectation that the weekly report on brokerage loans which the Federal Reserve Board will issue, after the close today would set forth a decrease, approximately 833,000.000.

Banks and Exchange

—March 28— INDIANAPOLIS STATEMENT Local bank clearings were 53.015,000; debits. *6,610,000. NEW YORK STATEMENT fl 'n EW f ef YORK ,' f March 28.—Clearings, 8452.000,000: balances. SOI .000.000. FOREIGN EXCHANGE Bu United Press NEW YORK. March 28.—Foreign exchange opened irregular Demand sterling, 84.85 6-16: franca 3.91%c, off .00%; lira 4.59’Ac, up .01%; Belga, 13.89 c; mark. 23.71 % c.

Indianapolis Stocks

—March 28— —Stocks— Sid. Ask Amer Central Lifo 500 ... Amer Creosoting Cos pfd... 101 105 Ad Rumely Cos com 12 % 13 Ad Rumel.v Cos pfd ......... 35 36 Belt R R com 65 69 Belt R R pfd 57 Ont Ind Power Cos ptd .... 89 90% ('tie* Service Cos com 51 % ... Cities Service Cos pfd 90 Citizen* Gas Cos com 60 53 % Citizens Gas Cos pfd.... ~ .106 ... Commonwealth Loan Cos pfd 99 ... Equitable Securities Cos com 61 .., Hook Drug Cos com 28 % .. Indiana Hotel com 120 ..... Indiana Hotel pfd 100 ... Indiana Pipe Line G'o 67 .... Indianapolis Gas 59 .... Indpls & Northwestern pfd.. 60 ~.. Indianapolis St Ry 37% 39% Interstate P Ser pr lien pfd 102 ... Merchants Pub Util Cos pfd. 100 ... Progress Laundry com ... 22% 23% Pub Sav Ins Cos 16 .... Raub Fertilizer pfd 48 % ... Real Silk Hosiery pfd 100 Standard Oil Cos Ind 67% ... THUS com 3 THUS pfd 21 V HI & L Cos pfd 89 (..mori Trao ol Ind com 4 union True of tnd Ist pfd .... 1C Union Trao ot Ind 2nd ofd. Union Title Cos com SI 91 s'aii Camp Pack Cos nfd. ... 16 ... Van Camp Prod Ist pfd.... 90 97 Van Camp Prod 2nd 95 Wabash Ry com 70% ... Wabash Ry Cos pfd 94 ... —Bank Stock*— "etna Trust and Sav Cos ...115 12(1 Hankers Trust Cos 132 City Trust Cos 140 Continental National 116 ... Farmers Trust Cos 340 Fidelity Trust Cos 162 ... Fletcher American 170 Fletcher Sav and Trust Cos. .205 . . Indiana National Bank ...267 370 Indiana Trust Cos 230 250 Livestock Ex Bank 162 Marion County Bank 210 ... Merchants Nai Bank 325 Peoples State Bank 186 ... Security Trust Cos 275 State Savings and Trust ... 87 JTi Union Trust Company ....410 ... Wash Bank nd Trust C0..J68 —Rond*— Belt R R and Stockyards 4s 90 ... Broad Ripple 5a 70% Central Indiana Gas sis. ... 08 Cent Ind Power Cos 6s ....100 , . Citizens Gas Cos 5* 102% 104% Citizens St R R os 85 86 Home T and T of W 65... 103 ... Indiana Coke and Gas 65.. 102% rndiaria Hotel 5s 98% ... Indiana Northern 5s 3 ... Ind Ry and Lt 6* 95 .. tnd Service Corp 6s 92% ... Irid Union Trae 6s 3 . . i'ndpls Col & So Os 98 100% liidpl* Ga* Cos 5s 99 % 100% Indpls Lt and lit 5* 101% lie’ Indpls & Martinsville 55... 74% 76 Tiidpi* Northern 5s 23% 21%' Indpls & Northwestern 55... 74 % Indpls Power A Light Cos 5s 97 % 98 % Indpls & 8. E 6s. . . 2 Indpls Shelby 4 8 E lit... 2 Indpls St Ry 1* . . 62% 03% indpls Trae ana Term 55... 95 96 indpls Union R.v 6....... I'il indpls Water Wks Sec C9..160 Indpls Water 6%s 103% 106 Indpls Water ‘ '; V 95 96 interstate Pub S Bs 6%e..103 ... interstate Pub S Bs 6s. .103 T H I & E 5t 85 T H Trae and Light ss. . . . 9.5 Union Trae of Ina 6s 19 19%' —Liberty Bonds—--Ist 3%s 100.70 101.10 Ist I%* 103.30 103.50 2d 4 % * 100.40 100.70 3d 4% s 101.00 101.40 4th 4% s 103.90 104.20 U S Tr 4% 113.10 113.70 U STr 4s 108.20 108.50 Jj STr3 % * 105.80 105.50 bS Tr 3% . 99.90 100.06

In the Cotton Market

(By Thomson A McKinnon) NEW VORK March 28.— I There id ;i ’air. but not an urgent, demand lor cotton. I think the market offers a line scalping opportunity. I would sell above Saturday's close or buy 20 or 25 points lower. The weather will (five ue a real move later.

New York Stocks 'By Thomson & McKinnon)

—March 28— Railroads— Prev. High. Low. 1 :00. close. Atchison ..178% 177-% 177 11 , 176', Ail Ct L. .185% .. . 185 Is 185 R& O ... 115", 114% 115 114', Can Pacific. 8 4 183", 84 18:1% C& O .. . 163 % 162 ", 163 162 % C & N IV . 82% 81% 82 80 C R 1 & P. 86 s , ... 86% 86'% Pel A Hud 180'., 186 180 185% Del & Lac 164% 162% 163 163 Erie 45 44% 44", 44% Erie lat pfd 56 55 55', 55% Gt Nor pfd 86 "s 86 80% 86% Lehigh Val 116 K C South'! 51 50 51 49% M K & T .. 39% 38% 39 38 Mo Pae pf 101 101 101 100% NY Cent.. 145% ... 145% 144% NY NH & It 49 % 49 19 % 49 North Pae. 85% ... 85% 85% Nor & Wn 176% 174 176', 173% Pere Marq 188% ... 118% 119 Penneev ... 59% 59% 59% 59 Reading .. 110% 109% 110 109% S Railway 124% 124% 124% 124 % So Pacific 112% 112 112% 112 St Paul ... 13% ... 13% 13% St, Paul pfd 21 ... 21 21 St L & S W 70 69 70 60% St L:BF 112% . . 112 112% fTp Pacific 169% 168 168% 168 Wabash ... 71% 69%, 70', 69% Wabash pfd 95 94% 94 % 94% Rubbers— Ajax 11 % ... 11% ... Fisk 18% 18% 18% 18% Goodrich .... ... ... 54 Goodvr pfd 104% . 104% 104'-, Kellv Spgfld 19% 19 19 19 % U S Rubbr 65% 60% 00% 60% Equipment*— Af & F ..105 104 104% 104 Amer Loco 111 % 11074 111% JIO', Am Stl Fdy 45% ... 45 45 Paid Loco. 184 ... 182 % 183 Gen Elec.. 85% 84% 8.5% 84% Lima 68% ... 08% 08% N Y Airbrk 43% ... 43% ... Pr Stl Car. 09% 07% 69 67 % Pullman ..179", 178% 179 178% Ry Signal 114% 113% 114 113 West A B 152 74 152% 152% 151% West Elec. 7174 74% 74% 74% Steels— Bethlehem. 52 51 % 51 % 51 Colorado F 59% 58% 59 58% Crucible ..91% ... 91% 90% Gulf S Stl ... 68% P R C & X 43 ... 42 % 43 Rep Steel. 71% 71% 71% 70% Slosa-Sheff. ... ... ... 129% IT S Steel 165% 104% 165 164*. Alloy ... ... 26% Vanadium.. 30 49 74 00 50 Motor*— Am Bosch ... ... ... 15% Chandler..., 23% ... 23% 23% Chrysler ..41% 40% 41 40% Conti Mot.. 12% 11% 12 11% Dodge ... 21% ... 20% 20% Peerless .. 20% ... 26% 26% Gabriel ...29% ... 29*4 29% Gen Mot.. 182 170% 181 179 Hudson ... 70 % 68*4 09% 69 Hupp .... 21% ... 21% 21% Jordan ... ... 17% Mack 105. 104% 104% 104% Martin-Par ... ... ... 21 % Moon ... ... 8% Nash .... 64% ... 64 64 Packard .. 35 34% 35 34% Pieree-Ar... 21% 21% 21% 21% Studebaker. 53% 52% 53 52% Stewart W.. 30% 58% 59% 59% Timken .. 85% 85% 85% 85% Willys-0v... 22% 21% 22% 21% White Mot 50% 50% 501, 50% Mining— Am Smelt 146% 140% 140 145% Anaconda., 46% ... 46% 40% Cerro lie P 62 % ... 62% 62% Inspiration ... ... ... 19 Int Nickel 10 39 74 40 30% Keimecott... 62 % 62% 62% 62 % Tex G & S 62% 01% 01% 62 U S Smelt. 40% 4040% 40 Oik — Atlanta R 111% 111 111% 110% Cal Petrol. 28% . . 28 28. Frcport T.. 56 ... 55% 55-4 Houston ..107 ... 104;, 105% Indpend Oil 24 74 ... 24% 25 Marland Oil 50% .. 49% 50% Mid Con Pet 34', 34 31 33% Superior Oil . . ... . . . 4% P A Pete II 04 % ... 03 % 04 % Pacific OR. 1% ... 1% 1% Phillips Pet 50% ... 50% 50% Union Oil.. 45 -14% 44 74 44% Pure Oil.. 29% ... 29 29 Royal Dteh 50% ... 50% 50% Shell 29% 28% 29% 28% Sinclair ... 18% ... 18% 18% Skclly 31% 31% 31% 30% St O of Cal . . ... ... 56 "i St O of N J 37% 37% 37% 37% Texas Cos . 48% 48% 48 74 48% Trans Pete 4% ... 4% 4% Industrial*— Ad Rumely ... ... 12% Allis Chaim 96 ... 96 95% Allied Cbm 140% 139% 140 137% Armour A. 12% 12% 12% 12 Amer Can. 47% ... 46% 47% Amer W 00 1... ... ... 21 % A H & L pf 60 % Am Saf Raz 61% 60% 60% 60% Cent Leath. . . ... ... 10 Coca Cola, 190% ... 100% 190. Cont Can.. 66 65% 65% 65% Certainteod. .. ... ... 40% Davis Cliem 28% 28% 28% 27'. Dupont .. 212% 210 212% 209% F Player* .100% ... 109% 109% Gen Asphalt 85 81% 82 84% In Cm Eng 54 ... 53% 63% Int Paper. ... ... ... ,57 Int Harv ..155% 155 155 154% Lenws .... 59 % ... 59 59 May Dp St 70'-, ... 70% 70 M°.’! t T W 'Y and 66 % ... 65% 66% Natl Lead. . .. ... ... lfi;j Owen Bottle . . ... ... 79 % Radio 49% 48% 49 49% Rem Type. .. ... ... 167% Real Silk . . 48 47 48 47 Sears Roeb. 74% ... 54% 54% United Drg 1C5% 765 165% 164 USC I P 216*4 214 216 4 213% USIn A1 76% 76 75 Vi 7“% Wo Utmtk h lgB ™ 128 126 125 "t Am TANARUS& T 169 168 168% 167%

Peppermint Oil

(By Thomson A* McKinnon) NEW Y'OKK. March 28.—Peeppermint oil —Natural. £l.lO f 'i 4.20; U. S. F\. *4.30 <8 4.40.

Local Wagon Wheat

Loral prain elevators are paying $1.17 for No. 2 red wheat. Other grades are purchased on their merits.

Commission Row

PRICES TO RETAILERS FRUITS Apples—Box apples—Staymenp. $2.75winesaps. s2.7t>: Delicious. $3.5003.76 Extra fancy barrel apple# Winesaps. o R „ o( , l ',' ■ rsl:uld QreemngS, $4.50: Cherry Red Baldwins, $3.75; Rome Beauties, 7l .0: New York Kings. $4.50: New York Baldwins. $4 0 4.20: York Imperials. $4: Staymens. $4.50: Ben Davis, $4 Jr 4.50 fancy barrel apples—Staymens. $3.75; VVniesaps. $464.50: Baldwins, $3.75Rome Beauty. $3.756 4: New York 8aU153.50: $3.50: Ben Davis, $3.75. Basket apples 140-lb. baskets) —Staymen Winesaps. $1.50: Delicious. $1.75: Romes. $1 ..>(); fancy Romes. $2: Winesaps, $2: Wagners $1.30: New York Greenings, J •.)(!: New sork Kings, $1.50: Baldwins. $4.2.>; Staymens. $1.75. Bananas (jobing price)—4 Vi ooe lb. —Jersey Howes, ball bbl. Grapefruit—Extra fancy. $4.606 5 fancy, $3.50@4. Lemons—California, $4.5005. . Oranses—Florida, $3.25 04.25: Califor!^!j’- - /j' ( ' x ’ r a fancy, $4.7506: fancy. Strawberries— Florida, 40045 c ot.sß.oo, 24-qt. case. VEGETABLES Artichokes—California. $4.50 dot Asparagus Georgia. irate. $507: bunch. Sour7sc. Beans—Florida green, $5 hamper. Brussels Sprouts—f ancy California. 30c pound. Cabbagr—Holland seed. 2c lb.: new Texas, 3 ',4 c. Cauliflower—Crate. $3, Celery—Florida. 400-do*, crate, $3.75-8010-doz. orate. $3.50; Mammoth (washed). $101.25 do*. Cucumbers—Hothouse. .$2.75. Eggplant—Florida. $2.50 per do*. Endive—Louiiiana, 83 hbl. Garlic—Calilornia 12 tie lb. Kale—Louisville bags. $1.50. Lettuce—tee berg. cl't.. $4. H. G. hothouse. $1.05 15-lb. basket. Mangoes—Florida peppers. $4.50 crate; $1.50 peck Mushrooms—Pennsylvania. $1.6001 76 tor 3-lb. basket. Onions—lt. G. yellow. 100 lbs.. $3.75: Spanish, or".. 82 0 3.25. Onion Sets—Red and yellow. 2 bu.. $5: white. 3 bu.. $8.50: Texas Burmuda plants, u.OOO-crate. $5.00. Oyster Plant—H, G.. 60c dozen. Parsley—H. G.. 50c per buucb: southern, 75c doz. Peas—Mexican telephone $7.50 crate. Potatoes—Michigan whites. 150 lbs.. $3.00 Russet Burbanks. 160 lbs., $4.25: Red River Ohios. 120 lbs.. $3.40: Idaho Russels. 100 lbs. $3 75: Idaho bakers. 0070s. $4. Triumphs. $1 hpr.; new Floridas. 50 lbs.. $6. Seed potatoes—Maine cobblers. 150 lbs.. $5 50 Red River Early Ohios. 120 lbs.. $3.75: Bliss Trtifmphs 150 lbs.. $5.50: Early Rose. 150 lbs., $4. Radishes —Southern long reds 300 35c: hothouse buttous. $1.25 Rhubarb— H. G.. 5 lbs.. 50085 c. Root vegetables—Turnips, bu. flOc. parsnips, bu.. 81.7.5: carrots, bu.. $1.50. H G. beets, bu.. $1.50: Louisiana beets 00e dozen. Shallots—Louisiana, 60c dozen. Spinach—Texas. $1.30. Sweet potatoes bu.: Nancy Halls. $1.35: Indiana mediums. $1.25. Tomatoes—Six-basket crt.. $3.50 6 5.60.

A Express ... ... ... 129% Am W Wk 17 ... 17 77 Brklyn M.. 67% ... 67% 66 Col G A- El 87 ... 87 87% Coils Gas.. 98 % 97 % 98 97% Interboro .... ... ... 45 No Am Cos. 18% . 18 % 47 % Peoples G 131% 130", 131% 130', Phila Cos 107% S Gas & El 57 56 % 57 57 Wes Union ... ... ... 150% Shipping— Am In Corp 38 ... 38 37% Am S & C.. 4 % ... 4 % 4 1 , Atlantic G . . . ... 311, In M M pfd 41 ... 40% 40% United Fr 120% Food*— Am Sugar. 82% ... 82% 83 Austin N ... ... 5% Beech N P 55 .. . 55 5I % Calif Pl.g. 65 ... 65 65% Corn Prod. 53% 53% 53% 53 Cuba C pfd 41 % ... II % 41 % Cuba A Sg 24% ... 24% 'l4", Kleischmaim 52 % 52% 52% 52% Jewel Tea. 58 ... 58 57% Nat Biscuit 113 110", 113 110% Punta Ale ... ... ... 38 % Postum ... 96% 95% 90 , 95% Wd Bk (B) 24 % 2 4 24 % 23% Tobaccos— Am Sums. 50% 49%. 50 49 Am Tob. 126% ... 126 % 136% Am T tß> 136% .. . 136 % 123% Cons Cigars 78% 77% 78% 78 Gen Cigan, ... ... ... 54 % Liggett ... 96% 95=), 90% 96% l.orillard . 38% ... 27% 27% if 3 Sey. 109'. 1011% 100% 109', Tob P 'HI 101% 103% 103% 103", U Cig St or ... ... ... 89 % Schulte R S 49 48% 48% 18% WHEAT UP; OTHER GRAINSGAIN LESS Corn Heavily anti Oats Fairly Well Liquidated. Bu United Press CHICAGO. March 28.—A better feeling toward the buying side of wheat was created when Liverpool came much higher than expected, and opening prices on the Chicago Board of Trade were %c to %c higher than the previous close. The strength abroad was due to hort coverig, owing to small deliveries and light receipts from the southern hemisphere. Heavy liquidation in corn has placed the market in a position that values respond more readily to buying on breaks. Opening quotations were unchanged to %c higher than Saturday's close. Little, if any, increase is expected in the visible supply. Oats are fairly well liquidated, hut there is no news indicative of a trend either way and prices are expected to follow other grains. Prices opened unchanged to higher than the previous close. Provisions opened lower. Chicago Grain Table —March 88— WHEAT— Prev. High. Low. 11:00. close. Mav 1.35% 1.34 1.34 1.34% July 1.30% 1.28% 1.28% 1.29% Sept 1.28 1.27 1.27 1 27% CORN— May 72% .71% .71% .73 July .76% .76% .76% .76% Sept 80% .79% .79% .80% OATS— May 43% .43% .43% .43% July 44% .43% .43% .44% RYE— May ..... 1.02 1.00% 1.01 LARD—— March 12.42 May 12.40 13.39 12.40 12 50 July 12.00 12.52 12.70 May .... 14.60 14.60 14.80

In the Sugar Market

(By Thomson & McKinnon) NEW YORK. March 28.—Last week's sugar futures market in review shows nn interesting change in price tendencies. Although Slay. July and September closed at new lows for the year, the decline In the later months was checked and in these contract* quotations were exactly where they ended the week before. It appears that current congestion of supplies has been pretty well discounted and that more confidence is being felt over the outlook. I don't look for any rapid rebound, but I think the statistical position will soon be on the mend and that ail irregular recovery in futures will follow.

Produce Markets

Butter (wholesale price)—Creamery best grade, a pound, 50 052 c. Butterfat—Local dealer* pay 40 @ 50c a pound. Eggs—Strictly fresh delivered at Indianapolis, 21c. Poultry l (buying prices)—Hens, large breed. 22 0 23c: leghorns. 18020 c: roosters. 15c; Leghorn springs, 12017 c; 1027 broilers, Ihj lbs. up, 40c: Leghorn broilers. 30 0 35c; ducks. 18 0 20c: geese, 11012 c: turkeys, young toms, 30 0 32c; old tome. 25c; hens. 30 0 32c; guineas. 35c. Business Good in January, February Bu United Press WASHINGTON, March 28.—Business in general has continued to prosper during the first two months of 1927, but wholesale prices have declined to the lowest level since 1924, the Federal Reserve Board reported today. RAND BUYS COMPANY Acquires Capital Stock of Powers Accounting Machine and Subsidiary. Bu Untied Press NEW YORK, March 28. —Remington Rand, Inc., today announced the cash purchase of the capital stock of the Powers Accounting Machine Company, with plants at Wilkesbarre. Pa., and New Brunswick, N. J. Stock in the Accounting and Tabulating Machine Corporation, a Powers’ subsidiary, also was acquired by Rand. PLAN AIR CIRCUS AID Chamber of Commerce Will Give Aid to Benefit Event April 24, A meeting of the aviation committee of the Chamber of Comerce will be held at noon Tuesday to plan cooperation with the air circus to be , staged by the 113th Observation Squadron April 24. Clifford L. Harrod Chamber of Commerce general manager, has offered support to the ticket sale contest which is being staged to raise funds to develop the airfield at Mars Hill. O. B. lies is vi.a.riuan of the newly appointed aviation committee. The squadron plans to raise $50,000 for development purposes.

THE INDIANAPOLIS TIMES

Weakness Displayed in Cattle and Calf Markets— Sheep Nominal. —llog Price Range— March. Bulk. Top. Receipts. 21 11.45 W 12.00 13.10 1.509 22. 11.40 @12.00 13.15 5.000 23. 1 1.40*1 12.00 13.15 5.00(1 24. 11.50 W 12.25 12.25 4,500 25. 11.40W13.15 12.25 5,000 26. 11.10% 12.15 12.25 2,500 28. 4.000 A reduction, unevenly 10 to 25 cents on the hundredweight, featured the hog trade at the Indianapolis Union Stockyards today. The local market moved in sympathy with business at the Chicago livestock center, which was around 25 cents lower than Saturday. Opening trade here was slow, little material being sold. Prices were largely 15 cents off. but the range on different sorts extended from JO to 25 cents. The bulk of the lot went at The early top was sl2, although some meat animals weie held for higher bids. Receipts es'imated 4.000 and 570 were held over from Saturday. Ilog Price Range Meat weighing 130-160 pounds went at $11.5041 12; 160-250 pounds. $11.15@12; 250 pounds up. $11.75 down. Packing sows showed some weakness, the top dropping 25 cents. They cleared at [email protected]. In the cattle market, where 900 head were received, steers were steady to 15 cents lower, while other classes of meat were unchanged. Beef steers declined to The steady prices included beef cows, [email protected]; low cutters and cutter cows, $4415.25. and bulk stock and feeder steers. [email protected]. Prop in Veal The calf market was weak to 50 cents lower. The weakness in this department set in Saturday and today's prices were fully 60 cents below Friday’s. The bulk sold at $14.50 and sls. A few selected head of best vealers brought $15.25. The sheep and lamb market, rereiving 100 ovlnes, was again nominal. Regarded by the traders as quotablv steady, with prices established Friday, but fat lambs were worth $15.75; hulk fat lambs, sl3@ 14; hulk cull lamb* SS^II.SO. —Hog*— Receipts. 4,000; market unevenly lower. 90-130 lb* *ll.tH>©l2 00 130-160 lb* 11.50*1 12.00 190-200 lb*. 11.fl.Vfi 12.00 200-350 lbs 11.15© 11.75 250 lbs. up 10.65 ©11.23 —Tattle— Receipts. 900; market steady to weak. Reef *teer* $8,354(9.75 Bulk *toek and feeder steers.. 6.5041 7.50 Beef cows 5.504/ 7.50 Low cutters and cutter cows.. 4.00gt5.23 —Calve*— Receipts. 600; market weak to lower. Best vealers 014.50© 15.00 Heavy calves 6.00 % 9 00 —Sheep— Reoplpt*. 100; market nominal. Top fat lambs 015.75 quotable Bulk fat lamb* 13.004,14.00 Bulk cull lamb* B.oo© 11.50 No actual sheep market today; quotations are Friday's. 1 Other Livestock Bu United Press CHICAGO. March 28—Cattle—Receipts, 20,000. all classes steady; better grade fed steer* with weight strong in most instances, active; largely of steer run; killing quality, good to choice; mostly good: bulk fed steers and yearlings. $9.50©12: best yearling*. sl2; strictly choice heavies around $13.50: Stockers and feeders again very scarce, firm at $8.50© 9. mostly; light Vealers to big packers. s9© 10. outsiders $114713. Sheep —Receipts. 13.000: fat land's active; early sales 25©500 higher than Friday; good to choice handy and medium-weight wooled lambs upward to $16.50: early bulk desirable offerings sls 75 © 16.2.,. good heavy iambs upward to $15.75: good to choice medium-weight clipped lambs, $14.50; choice handy weigh tj held above $11.85: culls, sl2ft 13: sheep strong; good to choice fat ewe*. $10: choice Hipped ewes up to $9; feeding and shearing lambs scarce, strong. Hogs—Receipts, 65.000: market uneven; heavyweights. [email protected]: medium-weights. $10.95© 11.75; lightweights. $11.15© 12: lightlights. $11.154i 12. packing sows. $9.65©' 10.25: slaughter pigs, $11.25 ©l2. Bu United Press CINCINNATI. March 28.—Hoga Receipts, 2.000. holdovers. 513: market uneven to 15©250 lower ;250-350 lbs,, $10.60e 11.60: 200-250 lbs.. *11.50® 12; 160-200 lbs.. $11.85© 13: 130-160 lbs. $11.85© 12: 90-130 lb*. $10®12: packing sows. s9© 10. Cattle—Receipts, 1.700; calves 700: market, steers strong to 250 higher: beer etcesr, $7.75© 10 50 light yearling steers and heifers, $7.25© 10: beef cows. 05.50© 7.25; low cutters and cutter cows. s4© 5 25. vealers. $94(14heavy calves. s6© 9- bulk stock and feeder steers, $6 4iß. Sheep—Receipts. 50o: market steady: fop fat lambs, sl6; bulk fat lambs, sl2 © 16; bulk cull lambs. $7.504t 11; bulk fat ewes. ss© 61bulk spring lambs. $22 ©35, Bu Times Kneeial LOUISVILLE, March 28.—Hogs Receipts. 2.500; market 25©50e lowertops. $16.50. Cattle—Receipts. sl2; market generally steady. Calves—Receipts. 500; market steady; good to choice, *10.50© 12.50: medium to good, *8.5047 10.50; outs. $8.50 down. Sheep Receipts, 50; market, lambs $1 higher, sheep steady; seconds. $104t12; sheep. *6©7. Bu United Press CLEVELAND. March 28.—Hogs—Receipts. 5,000: market. 25©3fie lower: 250350 lbs.. $10.50© 11: 200-250 lbs.. Si] <,, 12; 160-2(10 Ibr . sl2© 12.25: 130-160 lbs.. *l2© 12.25; 90-130 lbs.. sl2© 12.25-pane-king sows. *9.50© 10. Cattle—Receipts. 1.000; eplves, TOO: market. strong; beef stdi-rs. s9© 9.73: light yearling steers and heifers. $94/9.75: best cows. 064/ 7.25: vealers, $15.50© Id. Sheep—Receipts. 2.000; market, lambs, 25c higher: top fat lambs. sl6 bulk fat lambs. $15.5(1 © 16! bull; mil lambs, sll ©l3; bulk fat ewes, $6.50 ©8.50. Bu United Press EAST BUFFALO. March 28.—Hogs—Re ceipts. 11,000; holdovers. 380; market. 25 © 36e lower; 250-350 lbs., *ll© 11.60; 200-250 lbs., $11.50© 12.10; 160-200 lbs., *l2© 12.35; 130 160 lbs , $13.23© 12.65; 00-130 lbs.. $12.50© 12.75; packing sows. 09.76 ©10.600. Cattli—Receipts. 2.250; calves, receipts 1,800; market, cattle steady: calves, 50c higher: beef steers. $9.25© 13: beef cows, *6.50© 7.50: low cutter cows, $3.50© 5.50; vealers, $15.50 4/16. Sheep—Receipts. 7,000; market. 50c thigher; wooled 016.50. clipped lomlm sls; blulk cull lambs, $12.60 © 14.50; bulk fat ewes, 08 ©9. Bu l nited Press PITTSBURGH. March 28.—Hogs—Receipts, 4.500: market fairly active, steady to 25c lower: 260 to 350 lbs.. $11.25© 11.76; 200 to 250 lbs.. $11.75© 12.15 130 to 160 lbs.. $12.40© 12.50; 90 to Ido lbs., $12.50© 12.00; packing sows. $9.50 ©_lo. Calves—Receipts 800: calves. 8.)0; market steady to 25c higher: beef steers. $9 4110.75: light yearling steers and h*4fers. SB4/9: beef cow s. $6.504/ 7.50; low- cutters and cutter cow*. $3.50 ©4.50: vealers, [email protected]: heavy calves. SB4/ 13.50. Sheep—Receipts, 2.800: market steady to 2.ic higher: toil fat lambs. $16.25: bulk fat lambs. sl6; bulk cull lambs. $8 4/10.50. 81l United Press EAST ST. LOUIS March 28 —Hogs Receipts. 22.000; market 25© 40c lower; 250 to 350 lbs.. $10.40© 11: 200 to 250 lbs.. $10,854/ 11.65: 160 to 2(H) lbs.. sll 4/11.75: 130 to 160 lbs. $11.25© 11.7590 to 130 lbs $lO 504/ 11 ,0: packing sow*. $9.50 © 10. Cattle—Receipts. 4 0O0: market steady to shade lower: beef steers, $8.35 ©9.50: light yearling steers and heifers, 57.504/ 9 50: heel cows. *6.254/ 7.25: low cutters ami cutter cow-. $4.25® 5.50: vealers. $1 1,504/ 14.75: heavy calves. $6 ©9: bulk stoeker and feeder steers. $7.50© 8.75. Sheep Receipts, 750: market nominally steady: top fat lamb* sl6: bulk fat lambs $15,504/ 15.75; bulk cull lambs. sl24t 12.50: bulk fat ewes. $0©9.50. Bu United Press TOLEDO. March 28—Hogs—Receipt-, 500: market 254/.40e lower top. $10.2.5 ©10.75: heavies, sll© 11.40: Yorker-, sll.76fti 12.25: good pigs. sl2© 12 2.5 Calves—Receipts, 150: market strong. Sheep and lambs—Market 7>Uc higher: top. 511 ©ls. WILLIAM W. DILG~bIES Bu I nited Press WASHINGTON, March 28.—William W. Diig, 58, former head of the Izaak Walton league, died ill a hospital here Sunday.

RAILS, UTILITIES, OILS, INDUSTRIALS LEADERS Conditions in Orient, Prospects of Bituminous Coal Strike Fail to Stop Speculative Enthusiasm. .

By Elmer C. Waller Manager United Press Financial Service NEW YORK, March 28.—Chaos in China, bank failures in Japan and prospects of a coal strike here April J in the bituminous region failed to check speculative enthusiasm in the stock market during the past week, and prices in the last few days wiped out losses sustained earlier. Week-end profit-taking, which set in on Friday, wiped out some of the gains, the list closing Saturday with quite a few small losses interspersed among the majority of advances. Railroad, industrial, oil and utility stocks made an excellelnt showing with United States Steel the star performer on two days, rising to a new high ground for all time. Motor shares were somewhat backward, due to development in the trade which made for caution. Amusements came into play the latter part of the week, while harvester issues profited by increased farmer demand. Analyzed Carefully Weekly business reviews found some cause for careful analysis in RELIEF FROM TAX CAUSES PROTEST Siberian Tribe Charges Disrespect Shown. Bu I nited Press MOSCOW, March 28.—Word has reached the capital that the tribe of Samoyeds living in the Arctic ice fields 1,600 miles from the nearest railroad at Tobolsk, Siberia, are deeply offended because the Soviet government relieved them of all taxes. All epidemic had kilted many of their reindeer and impoverished them to such nn extent that the government cancelled all tax levies to give them a chance to recover. “It is a sign of disrespect to us,’’ a speaker declared at a meeting of the Soviet of Samoyeds, amid cheers. A resolution demanding that taxation of the tribe be resumed was overwhelmingly adopted. It developed that the Samoyeds were afraid that if the government did not tax them it would not care for them. At the recent Soviet elections 43 per cent of the eligible Samoyeds voted, families traveling long distances in their skin-covered sledges to discharge their civic duties. Notices of the election had been "mailed” to the voters months ago on wooden postal cards guaranteed not to be damaged by ice and water. WOUNDED PAIR BETTER Countess de Janze and Raymond de Trafford Silent on Shooting. Bu United Press PARIS, March 28.—Some improvement was remarked today in the condition of Countess de Jauze, nee Alice Silverthorne of Chicago, and Raymond de Trafford, a wealthy Englishman, whom the American noblewoman shot before she shot herself Saturday night at the Gare du Nord. The countess so far has refused to’ tell why she shot Trafford. In response to a question from the countess today, a nurse told her that de Trafford was better and the countess sighed, but made no comment. She speaks only in monosyllables and her physician said several days must pass before it would ho known whether she could live. YOUNG GAMBLERS FINED Police Intrude on Juvenile Craps Shooters—Five Penalized. In five straight “passes,” city court today cleaned up a juvenile craps-shooting circle. It passed a fine of $lO and costs and ten days In jail to William Mountry, Negro. 18, on a charge of keeping u gaming house at 626 Fayette Nt., and fines of $5 and costs each to four alleged youthful Negro craps-shooters found by police raiders in Mountry's place Sunday: Grant Hamilton, 17, 806 Fayette St.; Arthur Bowman, 16, 928 Fayette St.; Malcomb Johnson, 16, 720 N. West St., and James Green, 16, 919 Handley St. Police said Mountry had non most of the others’ money. Five Negro boys under 15 were not arrested. KEENEY FACES JAIL Order Upholding Contempt Edict Is Received Here. Wilbur J. Keeney, former prosecutor's office investigator, faced six months in jail for contempt of Federal Court today, afetr an order was received here from the United States Circuit Court of Appeals upholding tlie ruling of Judge Robert C. Baltzell. Keeney was convicted after charges he had accepted a S3OO bribe from Tom Casey, local confessed bootlegger, were filed against him. District Attorney Albert Ward, and William Bosson, Keeney’s attorney, were to confer and set a date for Keeney to begin his sentence. NEW PAVING PLANNED N. Meridian Too Far Gone for Repair, Says Park Engineer, Plans for widening and resurfacing N. Meridian St. from Fall Creek to Maple Rd. are being prepared by Park Engineer J. E. Perry at the request of the park board and will be presented for ratification Thursday. The street, now thirty-six feet wide, is to be widened seven feet on each side. It will be resurfaced with asphalt. “The street is beyond repair, Perry'said. “It would be a waste of money to try to repair it.”

the setbacks caused by adverse weather. However, they found business in most lines making a satisfactory showing. Earlier in the week steel reviews had been distinctly optimistic regarding the steel business, and private estimates had placed the United Slates Steel Corporation as operating at capacity. These same sources estimated Steel earnings for the first quarter between $45,000,900 and $50,000,000 to net $4 a common share, compared with $3.88 in the first quarter last year. Money conditions had something to do with irregularity in several sessions. Tax checks were returned for payment and later banks withdraw funds to meet balances at the Federal Reserve Bank. The call rate changed between 4 and 4% per cent during the week, closing Friday night at the higher figure. The outlook. however, is for continued ease of credit for some time. Strength ill rails Railroad shares were among the strong Issues, with D., L. & \V. standing out as a leader until the company cut a mellon for shareholders totaling $92,000,000, par value in securities. According to a Supreme Court ruling the company segregated its coal properties, investing the bonds of these companies into a new holding company known as the Lackawanna Securities Company. Stock is to be issued to be distributed to D., L. & W shareholders on the basis of one Lackawanna Company share for each two of the D., L. & IV. held. Other rails to make good headway included Reading, Lehigh Valley, Atcnison, Chicago Northwestern, D * H. Gulf. Mobile & Northern and Lehigh Valley. Bonds on the Stock Exchange moved downward most of the time with the exception of highest grade issues, the latter rising to new high levels which reduced yields considerably. In fact, the yields on rail issues in some cases ran under 4.20 per cent, almost the lowest In history, forcing investors to seek other higher yielding securities. United States Government bonds were in lighter demand, but prices held firmly well in most issues.

Buy UNITED STATES TIRES ON £:credit-~£ INDIANA TIRE SALES CO. '(O3-306 N. Uapltol At*. Riley 2381

WHITE Furniture Cos. Jake IVolf Tom Qnlao “The Home of Real Fnrnltvo Valnes." MX to 249 IVest Washington St.

SMART APPAREL On Easy Terms PURITAN CLOTHING STORES 131 W. Washington St.

“BETTER DENTISTRY FOR LESS MONEY” Examination FREE NEW YORK DENTISTS West Washington Street

LEON Tailored to Measure Men’s Suits and o’Coats Salesroom and Shop t.U MASSACHUSETTS AT*.

AUTO TOPS Used Tire* A Vulcanising Kentucky Ave. VoL Cos 159 Kentucky Ave.

GUARANTEE TIRE & RUBBER CO. Everything for the Car for Less

$650 Buys a Genuine BRAMBACH Baby Grand P>ane Terms to Suit You PEARSON PIANO CO. 128-130 N. Penn. St

—POULTRY FEED—tlse Kroner I j balanced ration* durlni the moulting season aud vour erg production will more than reuav the feed bills Let us quote vou our low jrice on one hundred pound* each ol aying 'lash ind Keratrh Fred dfll •red. Phone. Main 4740 Everitt’s Seed Stores

ra Payments as Low as $1 a Week THE UNION TIRE CO. Geo. Medlam, Pres. MAin 6273 Cor. S. 111. and Georgia St. Open Till 8:00 p. m.

METAL TRADES TO MEET National President Will Be Guest at Annual Dinner Tuesday. Paul T. Norton of Columbus, Ohio, National Metal Trades Association president, and head of the Case Crane and Engine Company, will be honor guest at the twenty-first annual meeting of the Indianapolis branch of the association Tuesday night at the Severln. H. D. Sayre, commissioner, and J. E. Nyan, national secretary, both of Chicago, will also be guests. Contrary to custom attendance will be limited to executives of member Arms and by invitation. Results of officers’ election will be aannounced at the meeting. IV. D. Hamerstadt, of the Rockwood Manufacturing Company, has been president for the past two years and Andrew J. Allen has been executive secretary and manager since the origin of the branch in 1906. FIVE PLANES DESTROYED Air Mail IJne Hangar Burns at New Brunswick, N. J.—Service Stopped. Bu United Press NEW BRUNSWICK, N. J., March 28. —A hangar of the Colonial Air Line, operating the air mail service between New York and Boston, was destroyed by fire today. Five Sikorsky airplanes, five motor trucks and twenty Liberty motors were ruined. The service between New York and Boston was suspended temporarily. Fire menaced the Government hangar nearby in which were three trans-continental air mail planes, but firemen succeeded in controlling the flames. AMUSEMENTS

MUTUAL Burlesque Theater Formerly Broadway NORA The Coonshonting Shimmy Skater In “ROUND THE TOWN”

VAUDEVILLE STARTS 2:00-4:20-1:00 and 9:20 O'clock FREDERICK V. BOWERS and hi* “Revue De Luxe of 1927” I | AH SAN JOE & BAND I I DBKXLER-FOX TRIO DOWNING & DOWNING | | KERR * ENSIGN I ! HYLAND'S BIRDS THE JESTERS

ENGLISH’S now BERKELL PLAYERS Jean Oliver-Milton Byron —In—“IF I WERE RICH” Mat. Wed., Thor., Sat. at 2:15 Prices 25c, 35c, 500 Nite*——B:ls 25c-50c-90c Government Tax on 90c Seats Only

Keiths

THE BRILLIANT DANSEUSE LEDOVA St. Onge Trio l Stanley & Birnes “Blackface” Eddie Ross ~ siiCHTL’S ROYAL WONDERETTES Diamond & Brennan In "THE FAKER" New*—Topic*— Fable* VENITA GOULD Dintliigiihhed American Mimic

MOTION PICTUKES

"Circle the show place of Indiana

THE BEST SHOW IN TOWN THIS WEEK

First National Presents COLLEEN MOORE in ‘Orchids and Ermine” The laugh riot of the year. COLLEEN’S FUNNIEST!

YITAPRO-' Presentation—

WEEK DAYS)— ALL *)C 11 A. >1 HEATS &JC to IF. M

Second Church of Christ, Scientist of Indianapolis Announces a Free Lecture on Christian Science by Paul A. Harsch , C. 5. 8., of Toledo, Ohio Member of the Board of Lectureship of The Mother, Church, The First Church of Christ, Scientist, in Boston, Massachusetts To Be Given in Keith's Theatre Tuesday Noon, March Twenty-Ninth at Twelve-Ten o’Clock Nineteen Hundred Twenty-Seven The Public Is Cordially Invited to Be Present

PAGE 9

BURGHS FLEE WHEN SURPRISED Two Go Empty-Handed— One Runs Off With sls. Three burglars were routed from theft attempts Sunday night, two without getting any loot. When Mr. and Mrs. Sanford Starks, 745 N. Chester Ave., drove into their garage, lights of the auto revealed a man crouched in. the corner. Ho ran when the woman screamed. One of three men surprised looting a garage at 930 Meridian Ct., drew a gun on Dan Crawford, 1020 S. Illinois St., owner, and ordered him to keep quiet. They fled, however, without taking loot they had gathered up. A Negro burglar was frightened away from the Lynn apartment, 1723 N. Meridian St., at midnight Sunday, but succeeded in getting sls. When members of the family of Alex Bazel, janitor, saw the prowler in their rooms, Bazel jumped out of bed and the thief ran. A purse belonging to Mrs. Bazel, removed from under her pillow, was found in the hallway with the money gone. AMUSEMENTS

PALACE

SPRING VACATION Big Comedy Bill With BROADWAY FUNSTER LEON ERROL DOROTHY'mACKAILL IN A FIRST NATIONAL SCREAM "LUNATIC at LARGE” HIGH-CLASS VAUDEVILLE MASTERS & GRAYCE & CO. “MEMORIE S’* ANY LLOYD VAN &. & BRYCE BELL HE L EN STA PL E S MOTION PICTURES

SALLY O’NEIL IN “Slide, Kelly, Slide” CHARLIE DAVIS and His Gang “KIDDIELAND”

“THE FIRE BRIGADE” BRADY PtCTOGR.VFH, FOX NEWS. SAMMY EPSTEIN, ELMER MCDONALD. EMIL SEIDEL AND HIS ORCHESTRA

Up tow y Tv’S

LAST TIMES TODAY' VERA |N “CORPORAL REYNOLDS KATE” Held Over for Second Week FLY & KERR_S^T REVISED TRICE SCHEDULE Children 15c —Adults 25c

ATTEND THE FIRST MORNING SHOW

Circle Concert Orchestra STOLAREVSKY, conducting. “The Chocolate Soldier” Sing with — OESSA BYRD at the organ Circle Scenic Animated Circle Newa

VAN and SCHENCK America'* Favorite Singers PAULINE ALPERT Plano Virtuoso MARGARET McKEE Whistler and Soprano

admission minus— II A. M. to 1 r. M.—All Seat* *Sc I I*. M. to P. M.—All Seat* 40c Nldht Price*—Orehestra, 60c—Hal., 40e