Indianapolis Times, Volume 38, Number 308, Indianapolis, Marion County, 2 April 1927 — Page 11
APRIL 2, 1927
HOGS END WEEK STEADY TO 10 CENTS UP
PROFIT-TAKING M mm of late DEMONSTRATIONS Drive on Motors Prevents General Rally—Ford Rumors Heard.
Average Stock Prices
Average of twenty industrials Friday was 100.71. up ,0:i. Average of twenty mils was 129.0.'), off .35. Average of lorty bonds was !)7..‘i.'i. up .01. new high. Bit -United Press NEW YORK, April 2. —Price movements in today’s trading were < haracteristic of a week end session. Leaders of the week’s demonstration of the upside were subjected to active profit-taking, while further urgent selling came Into recent wealT .'•■pots In the Industrial specialty class. An attempt was made to rally the general list at the start of the second hour by aggressive buying of various standard rails, notably Norfolk & Western and Pennsylvania. However, this effort was defeated by a drive on the motor shares based on rumors that Ford planned to anr.nounce his new models Sunday. This attack brought about a sharp Recline in General Motors, which followed by quick breaks in Baldwin and other industrial leaders. These developments upset the whole market, which displayed heavy tone in the final dealings.
Banks and Exchange
—April 2 IYDIANAPOI,TR statement Local bank clearings were $5,322,000: debits, $7,071,000. Clearings for the week wero $21,064,000; debits, $38,725,000. NEW YORK STATEMENT It'u United Pfrss NEW YORK. April 2.—Clearings. sl.•160.000,000; balances. 5147.000.000. FOREIGN EXCHANGE Jin United Press NEW YORK. April .—Foreign exchange Bused steady: demand sterling, $4.85 5-16; franca. 3.91 Mo. up ,00%e; lire, 4.69%c, off .01 He; Belga. 13.88 '4c: marks, 23.70.-: Holland. 30.08 c. off .Ole: Russia, 5.16 c; Shanghai, 63c; Yokohama, 49.13 c. WEEKLY STATEMENT Jtn United Press NEW Y’ORK. April 2.—The'weekly actual bank statement of the New York Clearing House members follows: Surplus, decreased 804,793.060: loans, discounts, etc., increased $134,058,000: cash in own vaults members, decreased $3,545,000: reserves in Federal reserve member banks, decreased 873,828.000: reserve 111 own vaults. State institutions, decreased $53,000; reserve on deposit, > State institutions. decreased 8186,000: net demand deposits, increased $163,870,000: United States depreciation, ('eduction $76 056.000; timo deposits, increased $16,287,000: circulation. in- , i-eased $22,000; aggregate reserve, $595,210.000: deficit reserve. $31,714,740. New York Liberty Bonds •, , —April 2 Prev. Close. close. 3i . s 100.24 100.27 Ist 4% s 103.17 103.12 3d 4Us 100.14 100.14 3d 4Us ...-. 101.3 101.3 4th 4',is 104. 104. Tr 4Us 1952 ...113 24 113.26 2r 4s '954 108.17 108.10 Chicago Stocks -—April 2 Open. High. Low. Close. Arm Del pt 04*4 ..,,, .• - Arm 111 pf 79 79% <9 <9% Auburn M. 99 % 90% 09 90 llalbiin-Katz 60** ... ... ... Li Me * Li 10 ... Mid West.. 108% 109 108 % 109 Real Silk,. 45 % Swift * (3, 117% ... „ *^ Swift Inti 51 21% 21 -1% BoTSfßeck 56 % ’S&V4 *63% *65% Ye? Cab 0 ?’. 26 *4 ’26 *4 ’26 % ’ ‘26 % New York Curb Market —April 2 —Closing— Bid. Ask. Anglo American 18% 10 Atlantie 1/obos 1 1% Continental Oil , If* 19% Galena Signal 10 10 % Humble Oil 6< 67% 1 Imp. Oil of Canada 44'* 44% Ind. Pipe Line 66 67 Ind Pete 30 >4 30 A Ohio Oil 66% 57 % Prairie Oil and Gas ...... 4/'4 47% Prairie Pipe Line 147 148 S O Indiana 66 ’.* 66% S O Kansas 17 1714 S O Kentucky ....113 114 S O Nebraska 46 46 % S O Ohio 295 300 Vacuum Oil .104'4 104% Mountain Prod 24% 24% New Mcx & Ariz Ld .... 10% 11 Salt Cfreek Prod 30 30% Land of Florida 20% 25 Curtiss Aero 23 % 24 Durant Motors Del 11% 11% Dubilier 4 % 5 Eleo Bond and Share 08% 69 Elec Investors 34 % 35 Ford of Canada 414 417 Goodyear Tiro and Rub . . 42 42 '4 Midvale Company 26 28 ®MBlonal Leather 2% 3 Motors 20% 20% Stutz Motor 18 18% Cities Servico Com 51 % 51% Cities Serfice pfd 89% 00 Cities Serv Bankers 25% 26% Associated Gas “A" 40% 40% Marmon 50 51 Phillips Morrtß Cons 15 15 % POTATO GROWERS MILDLY WARNED Government Cites Tendency Toward Expansion. Bu United Press WASHINGTON. April 2.—Mild warning against ov'erpTantirtg of potatoes was sounded today' By the Department of Agriculture.' Intended potato acreage this year, with average yields, would produce some 410,000,000 bushels, or near a record crop; which would be a sharp increase over the last two years, the department announced. reports showed 14.000,000 bushels more potatoes stored than a year ago. The tendency to expand potato acreage is reported particularly marked in the cotton belt, in Michjrijgin and Minnesota, and In the States. from potatoes, the 1927 agriculture production program nppears fairly well balanced, the department added. The production season is reported as "fully two weeks early, with frost out of the ground and spring work coming into full swing over most of the country.’ l
New York Stocks
“By Thomson & McKinnon)-
—April 2 Railroads — . Prcv. High. Low. Close. close. Atchison ..177 176% .176% 176% A Coast L 179% 178 178 177 % B. & O 114% 113% 113% 113% Can Pac. . ..184% ... 184 185 C. & 0...166 ... 163% 165 C. &N. W.. 81% ... 81% 82% C, R. & P. 93% 92% 92% 93% Del & Hurt .193 ... 192% 193 D & Lack 163% .. . 163 163 Erie 51% 50% 51% 50% Eric Ist Pit 58% 57% 57% 57% Gt. No pfd. 87% .. . 86% 87 Lehigh V 118% L. & N 133 % M Pac pfd 108 106 107 106% N Y Gen.. . 143% 143 143% 143% NY NH & II 51% 50% 51 50% No Pacific. 87% 86% 86% 85% Nor AW . 184% 183 184% 183 Pf re Maro 118 ... 118 118% Pennsylvan. 61% 61% 61% 61% Reading.... 110% 109% 100% 110% S Railway 123% 123% 123% 123% So Pacific 112% ... 112% 112% St, Paul.. 14% 14 11% 14% St Paul pfd 21% ... 21% 21 S L & S W 70% 70 70% 69% S L& S E 110% 110% 110% 110% Union Pac 160% 169% 169% 168% Wabash ... 71 70 70% 71 Wabash pfd 95 95 95 95 Rubber*—Fisk Hub.. IT % . - IT** 1§ , Goodrich R . . . ... ... 53 Jf Gdvr iifd.. IOH-Tt 105 V. iOfl L 10* Mi Kdly-Spg... 18 % 17% 18% 18% U S Rub.. 60% 60% 60% 60%• Equipment*—— , Am C & F 103 . . . 103 102 % Am Stl Fd . . . ... ... 44 % Am Loco.. 109% 109% 109% 109% Bald Loco 184% 180% 180“, 184 Grn Eire. 90% 88% 89% 88 Lima Loco 66 % ... 60 65 % 1’ Steel Car 64 ... 63 64% Pullman . .179 . 177% 180 Rv Signal 114*4 112% 113% 114 West Airb ... ... ... 150% West Elec. 75% 74% 74% 75 Steels— Bethlehem.. 52% 51% 51% 52% Colo Fu .. 67 % 65% 66% 67 Crucible ... ... 91 % Gu States .... ... ... 60% Ph R C & I 42 ... 41 % 42 Rep I & Stl. 70% ... 77 70% Sl-Shef ’... 168% Un St Stl .170 % 168% 169 168% Vanadium .51% ... 51 52 Motors— Am-.Bos ... 14’i .. 14% 14% Am Bos .. 14% ... 14% 14% Chrysler .. 41% 4'l % 40% 40% Gen Mo ..180% 177% 177% 179% Mac kMo .. 103% 102% 102% 103 Hudson ... 69 67 % 68 68 Hupp .... 20% 20% 20% 20% Dodge .... 19% 19 19% 19 Sturtebak .. 65% 53% 54% 52*4 Nash 64 ... 63% 63% Stew-War .. 56% 5.5*4 56% 55% Timken ... 87 % ... ... 87 Wil-Ov 21 *4 21% 21% 21% Pi Arrow.. 19% 19 10% 10% Minings— Dome Mines B*4 8% B*4 8% Gt N Ore.. 20% ... 20*4 20% Int Nic ... 42 41 42 41L Tex G & Su 60% 69% 59% 59% Coppers— Am Sm ..143% ... 342% 343% Anaconda .. 46% 46% 4614 46% Inspiration. 20 ... 20 20 Kennec .... 62% 61% 62 62% Chi lie ... 36 *4 36% 36*4 36 % U S Sm. . . 38 % ... 38 38 % Oils Calit Pet.. 26 25% 25% 26 Ind Oil .. 22% 21 % 22 32 Holts Oil ..104 101% 102 54 104% Marl Oil .. 46 45% 46 46% Mid Cont P 32% 32 % 32% 33 Pa-Am P B 61 60 lx 60% 61 Lago 30*4 30 30 % 30% Phil Pete.. 46% 45% 46% 46% Skelly 38% 28% 28% 28% Pure Od .. 27% 27% 27% -’7% Royal Du'_Ji 4<>)‘ Stand O 0” 54% 54% 54% 54% St O of N J 36 % 36 Is 36 54 36 % Sinclair ... 17% 17 17 17% Tpxax Cos .. 47% 47% 47% 47 4. Tr Con Oil. 4 4 4 4 Industrials— Allied Clt .142 5-4 141 54 141 % 141% Adv Rum .. 12% ... 12% 12% Allis-Chalm. 98 54 97% 97 % 97 L Ami r Can. 45% 44% 44% 44 A. A JI4I, pfd 52 51% 52 Silt Amur Ice ..127% .. 127% Am Wool.. 19% 18% 19% 18% Cen Loath ... ... ... 10% Coca Cola 104% 194 194% 194% Cont Can ... ... 93 Dav Chem ... ... ... 27 % Dupon .. 220% 216% 219% 218% Fani Play 107% ... 106% 107% G Asphalt. 815* 80% 81 % 81% Int Paper.. 55 ... 56 65% Int Han- 15514 Int Comb E 52% 51% 52 52 Mont &Wd 65'* ... 64% 05%. Nat Lead.. 195% ... 192 195 Owen Bot.. 82% ... 81% 81% Radio .... 46 44 % 44 % 44 % Sears-Roe... 55% 55 % 55% 55 C Unver Pipe 34% 34 34 54 35% Real Silk ... . 45 % Untd Drur 165 ... 164 165% U S C I P. . . ... ... 216 U S Ind A1 74 , 72 % 72 % 73 % Woolworth 127% 126% 120 % 127% UtilitiesA T and T 166 165% 166 165% Am Express .. ... 100 Am Wt Wk 78% ... 77% 7u Brklyn Man 66 65% 66 65% Col G and E 87% 86 4 87 8 % Cons Gas.. 97% 97% 97% 97 <4 Interboro ... . 4 ..7“ No Amn Cos 47 5* 46% ‘47% 46% Peoples Gs 134 ... 154 13'!% PhilaL’o 100% ... 100% 103 St Cr and E no*# 55% 55% 55 14. Wn Union 157 .°°* 157 A Isß<t Shipping— A m ß ln aU' P c n , 3fl Untd FrSu 41 ’ /a . 4 ° Footlrt— Am Sugar, 85 ... 84 % 87 ia Am Bt Sup . . . * 7 * S.', f Austin Nieh • . . ’ ’ ’ "? ™ Beech N }>k 52 ** ... ‘v> a: -.a Call! Pack. . . . ’* 4 2, Cosp Prods 54% 53*, ’ -.1 1 5J Cuba Clt pf 41 4s ... 4j r * 40 ,4 Cuba Ant S 24% ... S4 U Fleischmann 54 53*. -.4 •* -J, •* Jewel Tea. 57 57 -’1 Pun ta* 8 Ah*g 110 ”• Jig Postum 955.1 ‘niu o- s’ Ward Bk 821 26% 21 oq V Tobuccos— A Sumatra 54% 53% 54 -.4 u Amer Tob 124 % . . 124% 124 ft Am Toh R 123% ... 123% 12311
Commission Row
PRICES TO RETAILERS ' FRUITS A ppies—Box apples—St aymcns. $2 ,75: Winesaps. $2.75: Delicious. $5.50 ® 11.75. r lwT c ? , ba J r S? apples Winesaps. SO. Rhode Island Greenings, $4.50: Cherry Pf' 1 -,, % I<tw,ns - 50.75; Rome Beauties, oil - New York Kings. $4.50: lew York Baldwins. $4Di4.20: York Imperials. $4; Staymens. $4.50; Bon Davis. $4 (ft 4.50. hanoy barrel apples—Staymeng. $3.75: 'Jmesaps. s4® 4.50: Baldwins. $5.75: Rome Beauty. $.1.75 @4; New York Baldwlu?' S ?A°, : Bpn Bavls. $3.75. B.sket apples (40-lb. baskets)—Staymen Winesaps $1.60: Delicious. $1.75: Romes. xJ-pO: fancy Romes. $2: Winesaps. $2: Wagners $1.35: New York Greenings. SL.oQ: New York Rings, $1.50; Baldwins, $1.20: Staymens, $1.75. Bananas (jobbing price)—4Vi@sl* lb. $3 00 nberrleS — JerS( ‘ J ’ Howes - ball bbi. lan% aP $3.5W X,ra fanCy ‘ S4 ' 6off?s Lemons—California, $4.50 & 5.25. Oranges—Florida. $3.75 (a 4 .75; Cali fornavels, extra fancy, $4.75®6; fancy. s4.2o'u 5.2n. Strawberries—-Alabama and Louisiana. $8 ;;4.-qt. case. VEGETABLES Artichokes—California. $1.50 doz Asparagus Georgia, crate, $4 @7: bunch, 50 (hi 75c. Beans—Florida, green, $3.50®5. Brussels Sprouts—Fancy Calilornia 30c pound Cabbagiv—New Texas. 3 Vi <sl4c lb. Cauliflower—Crate. $3. Celery—Florida. 4<sti-doz. crate. $3.30; Mammoth (washed), $1 <51.25 doz. Cucumbers—Hothouse. $3; Florida. $1.25 doz. Eggplant—Florida. $2 per doz. Endive—California $1.25 doz. • Garlic—California. 12Vic lb. Kale—Louisville bags. §1 50. Lettuce—lceberg crt.. $4.50: H. G.. hothouse. $1.05 154 b. basket. Mangoes—Florida peppers. $4.50 crate. $1.50 peck. Mushrooms—Pennsylvania. $1.60®1.75 for 3-lb. basket. Onions—H. G. yellow, 100 lbs., $3.50® 3.75: new Texas. $5.50 crate. Onion S"ts—Red and yellow. 2 bu . $4.50: white. 2 bu.. $8; Texas Bermuda plants, 5,000-crate. $5.60. Oyster Plant—H G.. 60c dozen. Parsley—H. G.. 50c per bunch: south ern, 75c doz. Peas—Mexican telephone. 88.50 orate. Potatoes—Michigan whites. 150 lbs.. $3,110 • Russet Burbanks. 150 lbs.. $4.25: Red River Ohios, 120 lbs.. $3.40: Idaho Russets. 100 lbs.. $3.75: Idaho bakers. .60-?0s. $4: Triumphs. 100 lbs.. $8; new Floridas. sll bbi Radishes—Southern long reds 30® 35c: hothouse buttons. $1.25 Rhubarb—H. <l.. 5 lbs.. 50®65e. , Roqt vegetables—Turnips. bu. BOc: parsnips, bu.. $1.50: carrots, bu.. $1.75; H. G. beets. bu„ $1.50: Louisiana beets. Olfc dozen. Seed potatoes—Maine cobblers. 150 lbs.. $5.50: Red River Early Ohios. 120 lbs.. $3.75: Bliss Triumphs 150 lbs.. $5.25: Early Rose. 150 lbs.. $4; Minnesota cobblers. 150 lbs.. $4.25. Shallots—Louisiana. 50c dozen. Spinach—Texas. $l\SO. Sweet potatoes—Yellow Jersey. $1.75 bu.: Nancy Halls, $1.75 bu.; Southern Queens. $1.75 bu.: red Bermudas. $2.25 bu. Tomatoes —Six-basket crt.. $3.50®6.
Cons Cigars 70% 76 76 % 76 54 Gen Cigars. 53 % ... 53 % 54 Liggett ... ... 90 % Lorillard . 27% 27% 27% 27% R J Rynlds 109% ... 109% 109 54 Tob Pro B 101 % ... 100% 101 U C Stores 85 % ... 85 % 87 % Schulte R S 48% -. . . 48 ... SOMf WHEAT UP CENT AT CLOSE Corn About Steady and Oats Unchanged. CHICAGO, April 2.—Although the wheat trade was extremely quiet on the Chicago Board of Trade, the undertone was strong and closing prices were 5sC to lc higher than previously. Early quotations were generally a shade lower, owing to bearish foreign cables, but later there was moderate commission house support, which steadied the arket, prices working to above-the previous close. Outside interest was still light, however, and operations were mostly of a local professional sort. There was no disposition to be aggressive on the selling side after the way the market acted yesterday. Receipts were 19 cars. The cash market was unchanged to 54c higher. The tone in corn was about steady with less activity in the demand than was in evidence yesterday, commission house buying not following the rally. Closing prices were 54c off to 54c higher - than yesterday. Receipts were 96 cars. The cash market was unchanged to lc higher. Oats were steady, with an extremely dull trade, closing unchanged. The cash trade is slow. Receipts were 38 cars. The market was unchanged. Provisions were unchanged. Chicago Grain Table WHEAT— * _Ar,rll prey .. HijriL. Low. Close. .lose. May 1.33% 1.35% 1.33% 1.35 1 34 July 1.29 1.29% 1.29 1.20% ] 29', 27* 1.27% 1.27% 1.27% 1.27% May .72% .72% .72% .72% .72% July .77% .77% .77% .77% .77% Sept .80% .80% .80% .80% .80% OATS— May .43% .43% .4354 .43% .43% July .44% .44% .43’% .44% .44% Sent ,43 5s .43% .43 .43% .43% LARD— Ju1y.12.57 12.62 12.57 12.60 12.60 Sept. 12.80 12.82 12.77 12.82 12.80 RIBS— May. . .Nominal 14.60 14.60 RYE - May 1.03% 1.03% 1.02% 1.03% 1.03% July 1.00% 1.00% 1.00 5a 1.00% 1.00% Sept. . .Nominal .96% .96%! Bn Times Special CHICAGO. April 2.—Carlots: Wheat. 31; corn, 94; oats, 49; rye, 3. Bn Times SneriaJ CHICAGO. April 2.—Primary receipts: Wheat. 495.000 against 806.500: <-orn. 544 000 airainat 928,000: oats. 340.000 against 945,000. Shipment—-Wheat. 384,against 538.000 J 000 mfwyptaoimfwypap 000 against 526.000: 00m, 388.000 against 538,000; oats. 366.000 against 717,000.
Cash Grain
The bids for car lots of grain nt the rail of the Indianapolis Board of Trade. f. o. b. basis. 41 %e New York rate were. Wheat—Firm: No. 2 red. $1.2001.21. . Corn—Firm, No. 3 white H10.63c: No. 4 white. 59061 e: No. 3 yellow. 610 64e: No. 4 yellow. 59061 c; No. 3 mixed, 590 62 %e: No. 4 mixed. 570 59c. Ont*—Firm: No. 2 white. 4214 @4se: No. 3 white. 39 % 0 41 %c. Hay—Weak: No. 1 timothy. $16,500 173; No. 2 timothy, 215.500 16: No. 1 light clover mixed. *16.500 17: No. 1 eloved mixed. sl6 016.50; No. 1 clover hay. $15.50016. —lnspections Wheat—No. 2 red. 2 cars: No. 3 red. 1 ear: No. 6 reel 1 ear. Total, 4 ears. Corn—No. 3 white. 1 ear; *Jo. 4 white. 2 ears: No. 6 white. 1 ear: sample white, I ear: No. 3 yellow. 2 ears: No. 4 yellow. II ears: No. 5 yellow. 6 ears: No. 6 yellow. 2 ears: sample yellow. 2 ears: No. 4 mixed. 1 car: No. 5 mixed. 1 ear; No. 6 mixed. 2 cars: sample mixed. 2 ears. Total. 34 cars. Oats—No. 3 white 2 cars: sample white 4 ears: No. 2 mixed. 1 car. Total. 8 cars. Bu United Press CHICAGO. April 2.—Wheat—No. 2 red. $1.33%: No. 3 red. $1.30%. No. 4 red. $1.27%; No. 3 hard. $1.30%. Corn —No. 4 yellow. 67@67%c; No. 5 yellow, 660 66%c: No. 6 yellow. 64064%c: No. 3 mixed. 67e: No. 6 mixed. 65®66c: No. 4 white. 67%c: No. 5 white. 66%e: No. 6 white. 64% @6sc; sample grade. 43 0 62c. Oats—No 2 white. 48 %e: No. 3 white. 44 % 0 45 %e: No. 4 white, 37 0 44c. sample grade. 35@35%e. Barley—6B 081 e. Timothy—s4.so 0 5.25. Clover @36c. Bn United Press TOLEDO. April 2.—Close: Whrat—No. 2. $1.32 % 0 1.33 % . Corn—No. 2. 73 % @74 %c. Rye—No. 2. $1.05. Oats—No. 2. 47 0 48e. Clover—Cash. domestic. *27: cash imported. $17.40; October, sl7. Timothy—Cash. new. $2.65: April, $2.65; May. $2.70. Alsike—Cash. $24. Butter —52 055 c. Eggs—22 0.24 c. Hay—s2s. WEEKLY STATEMENT —-Out put of Flour— April 2. 1927 U,lßt bb’s. March 20. 1917 10.096 bbls. April 3. 1926 7.403 hb’s April 4. 1925 5.935 bb!s. —lnspections for Week — tVheat 36.000 38.000 bu. Com 253.000—142.000 bu. Oats 126.000 38.000 bu. Rye—None. Hay—None. Stork In Store April Wheat Coni Oats Rve 2. ’27 011.190 1.085.000 222.830 820 3. 26 311.670 734.690 374.660 4. ’25 313.070 745.070 22.020 46.000
In the Cotton Market
(By Thomson & McKinnon * NEW YORK. April 2.—A "Range in the weather for the better caused a deeline_of five points in the market this morning. The pressure of hedge selling from the South indicates that holders in that section are morp disposed to meet the market. Spot business in Liverpool for the week lias been disappointed. The weather during April and Mav last year was no better than normal and it is quite likely that as the Government gives out its week statements they will be capable of a bearish construction Asa matter of fact it was not until mid-summer last year that real cotton weather set in and finally resulted in such an amazing crop. The market is taking sales- well and for that reason traders are reluctant to sell the market. We continue to feel, however, that sales on advances offer the greater possibilites. NEW ORLEANS High. Low. Close. January 14.55 14.55 14.55 May 14.17 14.08 14.09 July . 14.28 14.24 14,26 October 14.42 14.38 14.41 December 14.54 14.51 14.52 NEW YORK High. Low. Close. January 14.73 14.70 14.71 March 14.83 14.81 14.83 May 14.07 14.03 14.04 July 14.28 14.23 14 24 October ...) 14.51 14.47 14.48 December 14.68 14.66 14.67
Local Wagon Wheat
Local grain elevators are paying $1.17 for No. 2 red wheat. Other grades are purchased on their merits. STERLING AT HIGHEST Bn United Press NEW Y'ORK, April 2.—The pound sterling was quoted at $4.85 13-16, the highest price of the year .In foreign exchange trading today.
THE INDIANAPOLIS TIMES
No Changes in Cattle, Calf Prices —Sheep and Lambs Nominal. —Hog Price Range— March. Bulk. Top. Receipts. 26. 11.4012.15 12.25 2.500 28. 11.150112.00 12.00 4,000 29. 11.10mi.85 11.85 5.500 30. 10.900 11.60 11.60 5.000 31. 11.15 <S 11.75 11.85 2.500 April. I. 11.25 Hi 11.90 12.00 3,000 2. 11.3dm2.00 12.10 2.500 Most of the week's closing trade in porkers at the local stock yards was steady to 10 cents higher. The best advance was made early in the day and the closing tended to be somewhat weaker. Heavies were slow. Chicago reported a slow market, with sales steady with Friday’s average. The bulk of the lot here sold at $11.35@12, while the top was $12.10. All of these figures are 10 cents more on the hundredweight than prices on the preceding day's market. Receipts were 2,500; holdovers, 141. Hog Price Range Hogs weighing 90-130 pounds went at $11®1t.75; 130-160 pounds, $11.65 @l2; 160-250 pounds. $11.35® 12.10; 250 pounds up, downward from $11.45. Packing sows continued selling at [email protected]. The beef trade closed the week with a run of 200 cattle and unchanged rates. Bulk quotations on meat for the week were; Beef steers, $9.25@ 10.25; beef cows, s6@ 7.75: low cutters and cutter cows, [email protected]: bulk stock and feeder steers, [email protected]. No Change Marie Prices were steady %n the calf division, which offered 300 vealers. The best material sold at sls and other sorts downward from this mark. Sheep quotations listed today were actually established Friday, as ,the fresh run contained only five head. Prices for this nominally steady market were: Top fat lambs, quotable at sl6: bulk fat lambs, $14.25@ 15; bulk cull lambs, $9 @ll. —Hogs— Receipts 2.500: market, steady tn higher. 90-130 lbs 511.00mi.75 130-160 lbs 11.65 0 12 00 160-200 lbs. - 11.80012.10 200-250 lbs 11.35 hi 11.95 250 Its. pp 10.85nll.il) -CattleReceipts. 200: market, steady. Beef steers $8.500 9.75 Bulk stock and feeder steers 7.00 hu 8.25 Beef cows 6.00 0! 7.75 Low cutters and cutter cows 4.25 0! 5.25 —Calves— Receipts. 300: market, steady. Best vealers $14.560 15.00 Heavy calves 6.00® 9.00 —Sheep— Receipts. 5' market, nominal. Top fat lambs $16.06 ouotabie Bu'k fat lambs 14 250 15.0(1 Bulk cull lambs 9.00 @ll.OO Note—Sheep Quotations were established Friday. Other Livestock Bn l nited Press CHICAGO. April 2.—Catt’o Receipt'. 200: compared with week ago s ail grades heavy steers strong to 25c higher, highest of season: in-between grades yearlings, meatumweights and pood to choice light heifers is hi 26c lower; stocker* and feodeis 25c off: bulls slow at decline: supply in second hands largest in weeks; fat cows 25c higher, with cutter and common rows in meager supply, often at 500 higher; common and medium heifers strong: bulls, 100.15 e higher: vealers 50c higher: extreme lop heavy -bers. $13.65: bulk heavies. $11.75 in 13.23; best mediumweight a. $13.25: top long yearlings. 812.25: mixed yearlings. sl2: week bulk prices fed steers, all weights. $9.50 0 12.75; Stockers ami feeders. SBO 9.25; fat. cows. $6.2508: heifers. $7.7009.50; outters. $4.750 5.50. vealers, $lOOl2. Sheep —Rengiptr, 5.000: odd loads finishing lambs Shout steady: for week. 7 doubles from feeding station and 25 300 direct: fat lambs closing 35 0 60c higher: yearling wethers nominally 35@ 50e higher: aged sheep 25 0 50c higher: feeding and shearing iambs 250 40c higher: weeks loti puces feci western lambs. sl7: native lambs, $15.75: clipped lambs. $15.60: fewnative spring lambs. s2l: feeding iambs, 815: fat ewes. $10.50: week s bulk prie*>* fed western lambs. $15.750 16.50; natives. $14.500 15: culls. 812.250 13- clinp-'d lambs. $14.25 0 15.35; feeding and shearing lambs. $13.75014.25: fat ewes. $9.50 0 10. Hogs—Receipts. 3.000: market genorally slow: bulk 150 to 200 lbs.. $11.25 0 11.75: 2io to 250-lb. weights. $10,750 11. 270 to 310-lb. butchers. $10,500) 10.65: not enough pigs or packing sows offered lo make a market heavyweights. $10.35 0 10.85: medium weight'. $10,400 1150; lightweights. $10.850 11.75: light lights. $10.750 11.75: shippers took I. estimated holdover, 4.000. P.i' 1 nihd Press CINCINNATI'. April 2.—Hog—Receipts. 1001: holdovers. 654 market. 10015 c higher. 250-350 lbs.. $10.50011.50: 200350 lbs.. 511.35011.90; 160-200 lbs.. 511.750 11 90; 130-160 lbs.. $11,750 11. 90-130 lbs. *IOO 11.75: packing sows. S9O 10. Cattle—Receipts. 151; calves, 171; market, steady: veals 50e. lower: beef steers. $8 0 10.50: light yearling steers and heifers. *7.500 10.25: bpef cows. $5.500 7.50: low cutters and cutter cows. 54 0 5.25: vealers. $9013.50: heavy calves. $6 0.9: bulk stock and feeder steers. *7 08.50. Sheep—Receipts 2: market, nominal; top fat lambs. *16.50bulk fat lambs.. sl3® 16.50: bulk cull iambs. $8 @l2: bulk fat ewes. ss@B- - spring lambs. $22 0-25. Bn Times Sneeial. LOUISVILLE. April 2.—Hogs—Receipts. I. market, steady to 15c higher: tops, 511.60. Cattle—Receipts. 200: market steady. Calves—Receipts. 300: market, steady: pood to choice. $10,50 0 12.50medium to good. $8,500 10.50: outs $8.50 down. Sheep—Receipts. 50; market. steady: top lambs. sl3 014: seconds. $10012: sheep. $6 @7. till United Press PITTSBURGH. April 2.—Hogs—Receipt". 1,000; market, slow. 10c lower--250-360 lbs., sllO 11.50; 200-250 lbs. $11.500 12.10: 160-200 lbs.. sl2 100 17.30: 130-160 lbs. $12.300 12.40: 90130 lbs.. $12,300 12.40: packing sows, $9 0 9.75. Cattle—Receipts. cattle. 50calves. 125: market, steady; beef steers' 800 10.75: vealers, $15016. Sheep—Receipts. 300: market. 25c higher: top fat lambs, clipped. $15.25: bulk fat lambs, Bn United Press CLEVELAND. April 2.—Hogs—Receipts 300; market, steady to 10c lower: 250350 lbs.. SIOO 1 1.25: 200-250 lbs.. $11.25 'i/ll.Ho; 160-200 lbs.. $11.85012.10: 130160 lbs., sl2 012.10; 90-130 lbs.. sl2 0 12.10: packing sows. $9.25 09.75. Cattle —Receipts. 25: calves. 25: market, steady. Sheen—Receipts. 50: market steady: top fat lambs. *ls; bulk fat lambs, $14.50® 15: bulk cull lambs. *100,12; bulk fat ewes, $6.50 0 7.50. Bn United Press EAST BUFFALO. April 2.—Hogs—Receipts. 400, holdovers. 1,425: market Pip Insjier: 250 to 350 lbs.. $10.65®if.50: 200 to 250 lbs.. $11,40 0 11. 160 to 200 lbs., sll .ioti 12 2130 to 160 lbs_.. $12.150 12.60; 00 to IHO I'M 1 ■. $12,350 12.75: packing sows. $9.1.01 10.2.). Cattle—Receipts, 100: calves. 100: cattle steady; calves 50c lower: vealers. SSO 15.50. Sheep—Receipts. 100: holdovers. 1.000: quality plain norainaOy steady; choice fat lambs quotable to $16..)0. liu United Press TOLEDO. April 2.—Hogs Receipts. 450: market steady; top. $lO 0 10.50heavies. *10.60011: Yorkers $11.25® 12.25: good nigs. $11.500 12.25. Calves —Receipts light: market steady. Sheep and lambs—Receipts light: market steady.
In the Sugar Market
(By Thomson & McKinnon) . NEW York. April 2.—There was practically no change today in quotations in the sugar futures market. This condition reflected a tendency on the part of operators and commission houses, alike to wait the developments expected Monday with regard to the refined trade Federal will make an announcement that i' expected to be of interest as an indication of price policies. Meanwhile, looking at the Mtuaton n a broad wa.v we are Inclined to take a cheerful view of the future. RAM SUGAR PRICES High. Low. Close. January 2.93 2.93 2 93 March .. 2.82 2.80 2.80 May ; 2.93 2.91 2.91 July 3.03 3.01 3.03 September 3.13 3.12 3 12 December 3.10 3.14 3.15
STEEL COMMON STILL FEATURE OF MARKET Reaches Highest Point in History, With General Market Irregular—Oils Under Pressure.
By Elinor C. Walzer United Press Financial Editor NEW YORK, Aril 2.—lmpressive strength of United State Steel common stock which sent the issue to the highest price in its history at 169%, featured the stock market. Bonds displayed a distinctly better tone with Erie convertible 4s, Series D, getting above par for the first time in more than twelve years. The advance was in sympathy with the stock which got up to its best level since 1906. The stock market in general was irregular, and while Steel common and a few other industrials were moving forward with a greup of stanch rails, oils were under severe pressure due to further gasoline and crude oil reductions, and the baking shares cropped as much as 9 points. Insurar ce and tobacco stocks gained. No Extra Dividend The advance in steel continued even after a statement from Judge Elbert H. Gary, chairman of the board, that no extra dividend had been contemplated to his knowledge and that directors had never discussed the prospects of declaring one. It had been rumored that S5 extra would be declared at the meeting April 26. A large brokerage house, in explaining the rise, pointed out that Steel had a book value of $335 a share, equal to $240 a share on the new stock. Earnings for the first quarter, this firm said, would equal sl2 a share on 7,116,235 shares of stock that will be outstanding astir the 40 per cent stock dividend is declared. No serious effect of the union bituminous coal miners strike has as yet been felt in the market by stock of producing companies, while shares of companies whose lines run through the non-union fields moved into higher ground. Norfolk & Western in the latter group attained anew high record, closing the day with a gain of 1 % points. Await Case’s Outcome Early in the day rails sold down sharply, following the overnight decision of the Interstate Commerce Commission against the St. Louis & O’Callon Railroad in which the road was ordered to pay excess earnings of $226,878 to the Government, % of the net above 6 per cent on valuation. Railroad men and stock market traders are eagerly awaiting to see the outcome of this case, which will be appealed to the Supreme Court. Valuation figures used were those of 1914. and this is one of the heavy arguments against the finding. The carriers soon recovered after a brief selling spree and several closed the day substantially higher. Call money, while holding steady, at 4per cent all day. was In supply in the afternoon, and prospects are bright for a reduction in the figure on Monday. On April 1, 1826, the rate dropped abruptly from 5% to 4 per cent, Friday being the first time in some weeks when the present figure was above last year. However, the fact that the end of the
Produce Markets
Butter (wholesale price)—Creamery best grade, a pound. 620 55c. Butterfat—Local dealers pay 620 a pound. Kggs—Strictly fresh delivered at Indianapolis. 19@20c. Poultry (buying prices)—Hens, large breed. 22 0 23c: Leghorns. IS®2oc roosters. 13015 c: 1927 broilers, 1% lbs. lip. 40c: Leghorn broilers. 30 0 35c: ducks. 18 020 c. geese. 11012 c: turkeys young toms, 30 0 32c: old toms. 25c: hens. 30® 32c: guineas. 35c. Bn United Press NEW YORK. April 2.—Flour—Quiet and irregular. Pork—Dull. mess. S3. .50. Lard—Steady: middiewest. $12,850 12.95. Sugar—Unsettled: 96 test. 4 68c. refined, inactive: granulated. 5.850 6.00 r. Coffee—Rio No. 7. 16% @l6%c: Santos No. 4. 18@18%c. Tallow—Quiet: specials to extras. 7% <Gi7%e. Hay—Dull: No. 1. $1.30: No. 3. $10,1.15: clover, sl.lO 01.25. Dressed poultty—Du”.: turkeys, 30@46e: chickens. 20 036 capons. 28<q44c. fowls. 1(5(5 34r: ducks. OQ23c: Long Island ducks. 20 0 24c. Liv poultry —Firm; geese. ll£j,l.c: ducks. . 1030 e: fowls. 3fc: turkeys, 35 @ 40c: roosters. 18c: chickens. 22<&32c: broilers. 35@55c. Cheese—Steady: state milk, common to special. 27 028 c; young Americas. 27 %c. Butter —Easier: creamery extras, 50c: special market. 50% 0 51c. Eggs— Steady: nearby white fancy. 32® 33c. nearby state white. 26®31c: fresh firsts. 24 0 25c: Pacific coast, first to extras. 29 @3sc: western whites. 26®28c: nearby browns. 29 0 32c. Potatoes (Sweets) Jersey basket, [email protected]: southern basket. 50c® *1: southern barrels $1.750 3. Potatoes—Long Island. [email protected]: Jersey basket. $1.2501.50: southern. $30.9: state. $3.100 3 90: Maine. $3.60®4.60; Bermuda. $4 013.50. Bu United Press CLEVELAND. April 2 Butter—Extra, 49 %c. standard. 49 %e. Eggs—Extras. 26 %c: extra firsts. 24 %e: firsts. 23%e: ordinary. 23c. Poultry—Heavy fowls, 30 @32e: medium, 32 0 33e: Leghorns. 28 0 30o; cocks. 17018 c: spring broilers. 500 53c: Leghorn broilers. 43 ® 47c. Potatoes —Round whites, 150-pound sacks Maine. $4.250 4.50; Michigan, mostly $3,400 3.50: Ohios. $3.25: New York. $3,400 3.50: Idaho russet bakers, 115-pound sacks. $4. Ohio bushel sacks. $1.25® I. Maine two-bushel sacks. $3,500 3.80: Colorado Brown Beauties. 120-pound sack*. $3 8504: Florida barrels. Rose No. 1. sl2 012.25. Bu United Press CHICAGO. April 2.—Butter—Receipt*. 11. creamery. 49@49%c; standards. 49 %c: firsts. 48@48%e; seconds. 440 48 %c: extras. 50c. Eggs—Reoeipts, 28,989: ordinaries. 22%c; firsts. 23 0 23%c: seconds. 23c; extras. 26 %c. Cheese — Twins. 23%c; Americas. 23 0 23%c. Poultry—Receipts. 2 cars; fowls, heavy. 2Rc; ducks, heavy. 32c; geese. 16c; turks. No. 1. 30c: roosters. 18c. Potatoes Receipts 73 cars: on track. 169 cars: In transit. 664 cars: Wisconsin sacked round whites. $202.15, mostly $202.10: Idaho sacked russets. $3 0 3.25. mostly around $3.10. Sweets—sl.9oo 2. CROP TO BE SMALLER Fruit, Vegetable Output Will Bring High Enougli Trices to Compensate. Bit Times Sneeial NEW YORK, April 2. This year’s fruit and vegetable crop will not be as large as the 1926 crop, which broke all records for the past forty years, the Brookmire Economic Service, Inc., estimates in a study of agricultural conditions. Prices during the current year have been very much lower than those of the year previous, owing to the large output. During the coming season it is probable that prices will be more than enough higher to compensate for decreased production. Short fruit crops in foreign countries greatly aided this year’s crops, but it is expected that demand will be greatly decreased if acreage is increased in non-commercial States.
week-requirements overlapped into the month-end and quarterly settlements caused the firmness. Cotton prices, after an early advance, eased off on liquidation at the week-end, while wheat and other grains advanced. Curb stocks continued irregular, with a few individual shares running up to new noon ground and the greater number selling off. Lira featured foreign exchange, rising to anew high for the year. Believe Coolidge Seeks 1928 Views Bn United Pfrss WASHINGTON. April 2.—Chairman William M. Butler of the Republican National Committee will undertake soon a political survey of the country from coast to coast with a view to determinifig the prospects for the 1928 presidential race, it was learned here today. This developed after Butler had conferred with President Coolidge at the temporary White House. Butler will also inspect proposed sites for the next Republican nominating convention. Unofficial invitations have been presented from San Francisco, Chicago, St. Louis, Cleveland, Kansas City, Mo., and San Antonio. Texas. Many political authorities believe Butler’s trip is, primarily to ascertain sentiment of the country’s Republican leaders toward another term for Coolidge. ARTISTS’ CLUB GROWS Fifteen Are Admitted to Membership: Masked Ball Planned. Fifteen were admitted to the Indiana Artists' Club at a meeting in the Chamber of Commerce Bldg. Thursday night. Those admitted to active membership: Edward K. Williams. Nashville; Homer G. Davidson, Fort Wayne; V. J. Cariani, Evelyn Mess, Carolyn G. Bradley, Marie Goth, C. Warner Williams, Allen A. Anderson and Edna Mann Shover, all of Indianapolis. Those admitted -as associate members: Alex R. Holliday, Ralph Colby, Myrtle McDonald, all of Indianapolis; Eva Gough, Newcastle, and Ruth Owens, Carbon. Plans were made for a trip to the home of John E. Bundy, Richmond, May 1, and for the annual masked ball to be held at the John Herron Art Institute. The date of the ball was not set. TROOPS ON VOTING DAY Thompson, Chicago Candidate for Mayor. Asks Governor to Act. Bn United Press CHICAGO, April 2.—The military may be brought intc Chicago Tuesday to safeguard the mayoralty electinr> Wi .. Hale Thompson, Republican candidate and former mayor, through a lieutenant has asked Governor Len Small to have the national guard at the £oils. Small’s answer lias not been given. Thompson’s request for troops—which would give the mayoralty election the aspect of a military plebiscite—is based on charges that the Democrats, whose candidate is Mayor William E. Dever, are attempting to create race hatred. Part of Thompson’s main support is through the Negro districts of the south side. STEEL OUTPUT GAINS Continued Expansion May Set March's Average at New High. Bn Time I Sneeial NEW YORK, April 2.—A large Increase In steel production is reported by the Brookmire Economic Service, Inc., in a bulletin on metals. February output expanded 6 per cent and a continuation of this rate of increase will bring March’s average close to the new high record of 92.6 per cent capacity production reached last March. Production continues too high to permit any material price advance under ordinary conditions. However, uncertainty regarding effects of a possible coal strike* makes an outlook for a fairly large volume of demand probable. PROSPECTS STILL GOOD Appearances Indicate Business Will Continue to Be Favorable. Bn Times Sneeial NEW YORK, April 2.—Business will remain good, the Brookmire Economic Service, Inc., states iu an analysis of fundamental conditkms. It is only by comparison with recent record-breaking months that present activity seems dull. Conditions are still dominated by the three factors that have made the boom of the past two years—automobiles, building afid money. The first two are still in recession, but easy money is assured for some time to come. Expansion in cotton textiles, leather and the electrical Industry are not sufficient to 'dominate the situation. Prospective developments in railroad properties and equipment are as yet potential.
NEW YORK COFFEE PRICES High. Low. Close. January 11.50 11.50 11 50 March 11.34 11.28 11.34 May 13.90 13.89 13.90 July 12.90 12.80 12.90 September 12.07 11.93 12.07 December 11.54 11.50 11.54 RAILROAD FOR ICELAND COPENHAGEN, April 2.—Never having had a railroad, Iceland now is to lose that distinction by the construction of a 50-mile electric line from the capital, Reykjavik, to a fertile section in the south. Four years will be required in the construction, which will’cost $2,000,000.
Fortune , Book Head Clark Memorial
* ■<<
William Fortune (above), Indianapolis, was elected president of file George Rogers Clark memorial commission Friday. William H. Book (below), is secretary. Frank Culbertson, Vincennes, is vice president of the commission to erect a memorial at Vincennes and conduct a celebration in 1C2!) of (lie 150th anniversary of the capture of Ft. Sackvillo from the British.
News Quirks
VOTES TO PAY U. S. BELGRADE Parliament lias passed the budget, including provision for a first payment of $200,000 on flic Jugo-Siavian war debt to file United States. The debt amounts to $51,000,000. PLANE TO BE GIFT NEW YORK—An airplane will lie presented by Italians in this country to Commander Francesco De Pincdo, around-tlie-worid flier, when lie arrives in New York. The gift, to be bought in Italy, will he called “America,” and among the contributors are Gatti-Casazza, Lucrezia Bori, Tullio Sernfln and other opera stars and musicians of Italian birth. BRITISH DEBT LONDON—Great Britain started off the new fiscal year with a deficit of $183,468,970, representing the budget deficit. The deficit was due to the general strike last May and to the coal striked NO FIGHTING; DESERTS JERSEY ClTY"—What’s the use of being a Marine if you can’t fight? Because he was not included among the .Murines sent to China, Frank C. Wade. 21, just "walked out on. the darned army.” Arrested for deserting. he said: "a fine army—you join to fight and then they won’t let you. I’m pretty sore at ’em.” OI.D, BUT TOUGH LONG ISLAND ClTY—Alleging that her 71-year-old husband beat her with a strap, Mrs. Ida Goldman, who is fid, was awarded sl3 weekly temporary alimony pending trial of her action for divorce. The Goldmans hate been married six years. SNAKE SKIN STYLISH NF,\V YORK. —Woman has turned the tables on the snake, cause of Eve’s downfall, and is using them for personal adornment. Mrs. Frank J. La,zarus hoarded the Majestic wearing a snakeskin coat and snakeskin handbag to match, "The latest Parisian fashion,” she said. BOOK BRINGS $3,250 NEW YORK —A copy of the first edition of Fitzgerald's "Rubaiyat of Omar Khayyam,” sold for $3,250 at an auction here. The book sold for a penny a copy shortly after its publication in 1859. SILENT HUSBAND NEWARK—Mrs. Herberton Hindiman is suing for divorce because, she alleges, her husband has not spoken to her in the past ten years, though they have lived under the same roof. A quarrel a decade ago is given as the cause of the husband's prolonged silence. NAMED BY RADIO NEW YORK—While the French liner France was en route to New York, Capt. Henri Boisson received the following radiogram from Mr. and Mrs. A. T. Henderson, Brooklyn friends; “Baby girl just born—what shall we name her?” Captain Boisson radioed back merely the name of the boat and France Henderson it will be. ANSWERS VETO ATTACK Attorney General Files Demurrer in Suit to Test Jackson’s Action. Demurrer in the suit brought by Attorney Merle Walker in Marion Circuit Court to require publication bf the thirty-two bills passed by the recent Legislature, but defeated by Governor Jackson's "pocket veto” was filed today by Attorney General Arthur L. Giliiom. The demurrer contends that the complaint fails to state sufficient facts.
PAGE 11
GILLIOM LESLIE ARGUMENT GROWS GOT AND BITTER Less Secrecy Would Have Prevented Amendment Loss, Says Attorney.
j The third salvo in the barrage of j correspondence between Speaker of the House llarry G. Leslie and Attorney General Arthur L. Giliiom was fired today by the attorney I general. Giliom again condemned Leslie for telling the Indiana Senate that the last session was without legal advice. The Speaker of the House made the statement while explaining to the Senators the reason Sen-. I ate amendments to the appropriation bill were ’’lost.” Leslie Repeats In a letter from Leslie received by Giilion Friday night, the House speaker repeated his charges of lack of legal advice and accused Giliiom of giving better service to the Governor in rendering an opinion on the illegality of the legislative payboost bill than Leslie himself could procure. He also said that Giliiom “rushed to the newspapers,” declaring That he had seen the first letter ffom the attorney general in a newspaper before he had received it. No Secrets “I correct you about my rushing into the newspapers. Everything done or written in the office of the attorney general is out in the open as all public affairs should be, and any newspaper reporter visiting t.he office has access to anything that transpires there. There Is nothing secret. May I suggest that had you permitted the newspapers and the public to knew of your interference with those amendments there is no likelihood that the act would have been enrolled without the amendments included. And may I suggest also that if you care to write anything further that you give the public a more complete explanation of the reasons why you sidetracked those amendments. The statement that you had no place to go for legal advice will hardly afford a satisfactory explanation.” $1,000,000 GUM LOSS Wriglcy Company Must Pay for Using Name “Spearmint." Bit United Press CHICAGO, April 2.—The Federal Circuit Court of Appeals today upheld a lower court decision which awarded the L. P. Larson Company damages of $1,384,000 against the William Wriglcy Chewing Gum Manufacturing Company. The Larson company alleged in its suit that the trade name “Spearmint Chewing Gum,” originally was its property and that the Wrigley company infringed on a patent when it adopted the name. The higher court excepted a few minor points in the- lower court’s opinion, and it is expected that when the amqunts listed from these items is subtracted from the 51,384,000, total damages will be approximately $1,000,000. 36 PERMITS FOR HOMES Olivett Baptist Church, .School Building to Be Erected. Thirty-six permits for new homfcs to cost $149,550 were issued the past week. Seven permits totaling $159,431 were issued for five new business buildings, a church and an addition to a school building. Thornburg-Lewis Company, auto dealers, will construct a $50,000 sales and service building at 13G6 E. Washington St. The Olivett Baptist Church will erect a $58,000 church at Hosbrook and Grove Sts, An addition to the school at Wallace and Pratt Sts. calls for an expenditure of $24,731. Storerooms at 1306 and 6106 E. E. Washington St., 5065 E. Michigan St. anfl 3214 E. Twenty-Fifth St. and a greenhouse at J> N. Haugh St. are to be built. BLAST VICTIMS BURIED Rites for Mrs. William J. Wright and Daughter Held at Orlando, Fla. Funeral services were held this afternoon at Orlando, Fla., for Mrs. William J. Wright, 57, and her' daughter Miriam, 25, fatally burned • Wednesday in a gasoline explosion at their Florida home. Burial was there. Dorothy, 22, seriously burned, was expected to be in the hospital for ten days, according to local relatives. Dr. William J. Wright, the father, engaged In the real estate business there, formerly an Indiana Christian minister, moved his family from Indianapolig last October. Mrs. Ralph W. Lleber, 2027 N. Talbott St., a daughter, survives. ASKS $150,000 DAMAGES Maker of Gas-Saving Device Sues Motor Club and Business Bureau. Suit seeking damages of $150,000 from the Hoosier Motor Club and the Better Business Bureau were filed Friday afternoon in Circuit Court by Bernard F. Trattner, 2108 N. Meridian St., manufacturer of a device which he says cuts down automobile gasoline consumption. It is averred that through bulletins issued by the Better Business Bureau Trattner was forced to give up his business. DIRKS BEFORE ALUMNI Dc Psuw Dean Will Be Speaker Monday at I. U. Meeting. Louis H. Dirks, De Pauw University dean of men, and former Shortridge High School assistant principal, will speak Monday before Indiana University alumni at luncheon at the Lincoln. Dirks will attend the convention of deans of men at Atlanta, Ga., April 22.
