Indianapolis Times, Volume 38, Number 312, Indianapolis, Marion County, 7 April 1927 — Page 15

APRIL 7, 1927

HOGS CONTINUE DOWNWARD MOVEMENT

ORDERS COLLECT; i STOCKS MOVE UP IN ACTIVE TRADE Oils Strong New York Central Highest in More Than 20 Years.

Average Stock Prices

Averacc of twenty industrials Wednes- ' day was 162.59, up .01. Average of twenty rails wsa 101.28. off .31. Average of forty bonds was 07.49, up .02, new high. On United Press NEW YORK, April 7. —Buying orders accumulated overnight in good volume and the main body of stocks moved ahead on active dealings at the openinf. Even oils were strong despite another cut in Mid-Continent Crude, which brought the average grade down to $1.15 a barrel against $2.37 last fall. Narrow Range New York Central reached its best price since 1906 at 149%, up 2%. Leading industrials moved in a narrow range, but pronounced strength developed in several high priced issues. Dupont ran up 4*4 points to 234 and Houston gained 2 points to 109%. 1 Irregularity which marked the late morning was eradicated by fresh buying around noon, which bore every indication of being for investment accounts. It converged largely on seasoned dividend shares, offering better returns and prospects marketwise than securities with a fixed yield. Some measure of the extent of the investment movnient in progress since the start of the year was afforded by figures shoeing that the floating supply of Steel common, as indicated by stock in brokers' names decreased 70,712 shares in the Quarter ended March 31. Highest Since 1906 New York Central was one of the standard rails which received special favor, advancing 3 points to 150%, a. new high since 1906. American Telephone also pushed ahead rapidly on buying for the long pull, selling at 171*4, up 274, and the best price since 1903. International Telephone and Telegraph surpasse 1 the best previous price of its history, advancing so 135%. While the yield afforded by International Telephone and Telegraph's $6 dividend is not particularly attractive, the stock is expected to go on a $lO cash basis in the next year or so.

Banks and Exchange

—April 7 IN PI ANATOLIS STATEMENT Local bank clearings were $3,639,000; debits, $6,502,000. NEW YORK STATEMENT fit/ United Press NEW YORK, Anri! 7.—Clearings, $996,000; balances, $04,000,000. Abandons Road /til United Press WASHINGTON, April 7.—The Central Indiana Railway was authorized by the Interstate Commerce Commission today to abandon its lines in Delaware, Madison, Hamilton, Boone, Montgomery, Parke and Clay Counties, Indiana. Revenues of the road in those counties were insufficient to meet operating costs. Lackawanna Applies /.’// United Press WASHINGTON, ‘ April 7.—The Delaware, Lackawanna <fc Western Railroad applied to the Interstate i Vrnmeroe Commission today for auhority to distribute to its stockholders. through transfer to the LackawaniKi. Securities Corporation, $92,600.000 in securities. THOUGHT FATALLY HURT Vi'’•Chilian at .Marnion Plant Is I'iiiml Willi Fractured Skull. Wi'i White, 46, of 1435 S. Harding St., is near death in the Indiana Christian Hospital with, a fractured skull received today in an accident at the Marmon Motor Car Company, 1101 W. Morris St., where he was employed as a mihvright. White was found unconscious in s roal chute with a heavy wrench in his hand. Employes said he had been working under a coal car, and it is believed the wrench slipped, striking his head. Hospital attaches say there is slight hope for his recovery. BURGLARY IS CHARGED Two Voudis Nabbed at Anderson Robbed Stores Here, Police Contend, Police believe two local burglaries were cleared up by the arrest of •fames R, Smith, 19. and Wilbur Allan, IS, both of Jeffersonville, Lid., ■by rftilroad detectives at Anderson, Tnd., Wednesday night. Returned to city prison here the youths are charged with burglary and grand pareeny. Caught while loitering about freight cars at Anderson, the boys, police say, had with them loot valued at SIOO taken from the Pearl Ray barbecue, Madison and Troy Aves., and from the E. Schilling grocery, 2826 Shelby St. CHICAGO K. T. TO STOP Templar Delegation to Be Entertained by Raper Commandery. Headed by the drill team, drum and bugle corps, Raper Commandery, Knights Templar, in full uniform, will welcome a. delegation from Siloam Commandery No. 54 of Chicago when it arrives here May C by special train on its way to New Orlleans.

New York Stocks

‘Hy Thomson & McKinnon)

—Abril 7 Railroads— Prcv. High. bow. 1 00. .Jos,'. Atchison . .1,9 177% 179 177% A Coast L. 18(1 176 ISO 176 B. & 0....116 lIP, lit; 114% Can I*ac.. . .182 % ... 182% 182% C. & 0.. .100% . 165% 165% C. A- N, W. 83 82% 83 82% C.. R. & f*. 94 93% 93 % 93 % Del & Hud 196 191% 196 196% D & Lack 161% ... 160*i 101 Erie 55% 34% 54% 54 % Erie Ist nfd 58 % 58 % 58 % 58% Lehigh V ... ... 117% Gt No |,fd.. 8; % 87 h; % 87% K. C South 58% 57% 58- 58 % I, A N.... 135 % 134% 135 134 % M K A T.. 46% 43% 46 46% M Par pfd 107% ... 106% 106% N Y 0n..149% 148'. Jl9 % 147% NY NH&H 52% 52 52% 52% No Par... 87 86% 80% 87 Nor & W.. 182 181 181 182 1 I’ere Mar 122% 132% 121% Penney . 61% 61% 61% 61 % Reading ...tl!% 111 111% 111% S Railway 124% 123% 123% 133% So Pacific Jl4 113 114 112% St Paul... 16% . . 16% 16% St Paul pfd 25% 34% 34% 34% SUS W 72% 72 72% 72 51,4 Sf 113% 113 113 112% Union Pae 172% 172 172 % 171% Wabash ... 71 70% J7l Wabash pfd 95% 95% 93% 93% Rubbers— Ajax 11% . . 11% 11% Eisk 18 % ... 18% 18 Hood rich .. 36% 33% 3.3 Or .35% Uoodyr pfd 109 JOS 108% 110% Kelly-Spg... 19% 19% 19% 19% U S Rub.. 64% 63 63% 62% Equipment..— Am C& F 103% . 103% 102% Airier I.oeo 110 . 110 109% Am Stl Fil 44 % 44 % 44 % Bald Loco 189% 187%. 189 187% Gen Elec. .89 ... 88 % 88 % Lima ... ... 07 X Y Airb.. 42% ... 43 is 43% Pres Sti C.. 66 64% 65 % 04% Pullman ..178% ... 178% 178% Walh A B. 154 % . 154 153% Wsth Elec. 75% ... 73% 75% Steels— Bethle .... 56% 53% 56 55% Colo Fuel. 75 73 73% 75% Crucible... 92 % 93% 97 % 92 Gulf St Stl. fil % ... fil 01 Inland Stl.. 42% 42 % 42% 42 % Ph R C & I 42 % 42% 43% 42% Rep Stl... 72% ... 72 72 Sl-Shef .. 133% 133% 134% r S Steel 172% 171% 172 171% Alloy 25% ... 75% 75% Vanadium.. 51% ... 51% 51% Motors— Am Bo ... ... 15% Chandler .... 23 J Chrysler ... 41% 40% 11 % 41% Con M 0.... 12% ... 12’a 12% Dodge .... 20 % 20 % 20% 20 % Gabriel ... 31% ... 31 % 31% Gen Mo ..183*3 181 % I*;i 182% Hudson ... 72% 70% 72 7" " Hupp .... 2) % ... 21 Vi 21 % Jordan .. . . 17% ... 17 % )c. Mack 100% 105% 106% 106 % Mar Par. . . . ... ... ;*o Moon , . 8 % Nash (14 % . fill % 64 (~ Packard ... 35% 35 35 • 04 % Peerless .. 25% ... 25% Pierre Ar. . 19' ... {•#' ]", Studebkr. . . 56% . . 55% 55% Stew War.. 58% 57 K 57 L, 3*% Timken . e. 87% 87 ’ 87% 87 Willy-O. . . 22% .. . .22% £2% Wh M 0.... 51% 50% 50% 51 Mining— Am Sm ...145% 144% 145 145 Anaconda... 46% 46% 46 % Cer Do Pas. 62 61% 03 02 " luspir . 1914 In; Nic 43% 42 % 43 43% Kenner .... 02 % ... 02 % 02 % Tex G & Sul 05% 04 65 ... b S Sm. . . . ... , . 08% Oils— 8 AT REF "111% ... 111% 111 Cal Pete. . . 26 % ... 26 % 26 % Freep Tex. 00% 65 % OS's 05 Houston ..110% 108*3 108% 107% fndpend Oil 22% ... 22 % 23% Marland C. 48 47'-. .77% 47% Mill Con Pet 33 32 % 33 33 g A Pete B 60% 58% 00 % 58% Pacific 0i1... 1 Phillips Pet 48'* ... 47.% 48% union Oil .44 ... 4.714 431; Pure Oil 28% 28% 28% 28% Ryal Dutch .. ... . 401*. Shell 28 ... -is "J 3 Sinclair ... 17% 17% 17% 171; Skelly .... 30% . , 30? iprf S() of Cal. 55% , 5514 56% SOof N J 36% . .. 36% 30% Te?as°'co Y ?7% Trans Pete. 4 ;i% 4 *1 3 Industrials— ’ Ad Rumely . . . i.iy Allis Chaim 99% <|. 001/ Allied Chm 142 ... 141% 14, £ Armour A. 11 ', 10% IdC Mr aSV&i; 45 ' 4 45,3 te&fcito -•> 3 Amer Wool . , ; , " .V Central L. H; '* Cora Coia 196 195 % jOO 197% Cont Can . 03*4 fi-Ttt , Davis Chm 28 . % Dupont . 734 33 i 732 <>2B% F Players .107% 105% 106 To? hit C Fn- 1 s■'i *■*% 83*3 bit Paper*! *> 4 bit Harv 157 1 -.7 * , -’2,4 May D St. 08’, 2t 4 aLf Mont Ward 65 64*, 64% * Nat lead. 193’, Hr’*;, lor ,2;t * Owen Bottle 83 1 L*n r, 1 S;I. ■ Radio .... 431., .I'li- 2>,* 73, Heal silk .45 *g ' 4 KJJ* £} -* Rem Type 180 Be.irs Roeb 55% ,7.7 s, J Bntd Drug 170", 167% inn 3 ,22 " TTniv Pipe. 3a 4 * * J ! ! * , 1< L S ft I P ' ' • 34 11 Sln Ato 7fi % i*: -3.% ”2° nmtC- 131 * iai* 131% Ain Wt Wh 77 U. ** * , I 'J - Brklyn Man . ' 7 * iS Col G anil E 88-% - 88*4 ’ak i • 2t,, Inter bore? U B*4 91*0 and 'e\v!% %, 'K W % t hlnni^_L ,!0 ' 4 100 " Am bit Cpn 45 43% 441.7 431 Am Sand C . . 8 4 1 4 7 ■** A tl:i n Gulf 3 4 ... '34 94 b, MM pfd 42% 41% 47 401 ’ 1 ntd ! ruit lux' 1

Local Wagon Wheat

o rai "j elevator* are paying $1.19 ■or No. * red wheat. Other craooa are purchased on their merits.

Commission Row

PRICES TO RETAILERS FRUITS Apples Box apples Staymens. S3 W iriesaps. $2.85 ffl 3: Delicious $3.75ffl f 4 - L; tr p\,, l; . UK . V , barrel apples Winesaps, s.>. Rnpue Island Greenings. $4.50 Cherry sfkn 1 Bo™ Beauties! Vi I Ne 'S,\ olk Kings. $4.50: New York lia dwin* $4 o(): York Imperials. $4: Ben Paw*. $4ff14.50: Staijis. $4.50. Fancy S3 r s9*/'-V* l -'* B ~n Slayn^r '* *'2- 75 1 Baldwins. 3.7,1: Beri Davis, $3.75 Basket Baldwins’’ SV.2A I K SO. Y ° rk KinM ' Sl ' so ’ Bananas (jobbing price)—4%®s%o lb —Jersey Howes, "halt 'bbl..' rim}?'s3>:o^4 EX,ra ,anCy ’ $4.50 @5: Lemons—California, $4.50ffl 5.25. Oranges—l lorida, $3.75 ffl 5 ■ Cali for"tV"ffl V -;'V Xtra fan ”'' a n?y, * a r i a w . bf ' r ri r " —Alabama and Louisiana. $8 24-qt. ease. VEGETABLES Artichokes— California, $1.50 doz Asparagus Georgia. irate, SfifflO bunch, (lOffl 90c. • Beans—Florida, green. $4.50. ' pound’ 81 ** St,r<JU,s —Line.y California, 30c Cabbac —New Texas. 3% ffl4c lb. Cauliflower— -Crate, $3. Ct lery—- Florida. 4 to 0-doa. orate, $3.50 Mammoth (washed). 90c*i$1.15 doz. Cui'innlws Hothouse. $3: Florida, v* • (IOZ . Eggplant—Florida. $2 ffl 2.50 Endive—California, $1,25 doz. Garlic—California. 12 %o lb Ka.e—Louisville, bags, *1.75 Lettuce—lceberg. ,rt.. $5; H. G. hot-bhut-e. $1.0.-, i 5-lb. basket. Mangoes—Florida pepper*. $4.50 crate; $1.50 peek. Mushrooms—Pennsylvania, $1.50® J. 75 lor 3-lb. basket. Onions—ll. (>. yellow. 100 lbs.. $5ijf*\v rVx.'is, orate: H. G. doz : yellow, $2.50 bu.: red. *2.75 bu. noli " 1 ! , hn - : Texas Bermudas. $.i.00. 6,000 plant*. Oyster plant—H. G.. 50c dozen, tarsley—lt. G.. 50c per bunch: southern. ~,c doz. Peas—Mexican telephone, $8 crate; Mis--i sippi. $4..>() hamper. -..TqG'itnes—Michigan whites 150 llw *•>■<*>: Russet Burbanks. 150 lbs.. 54.25B ( 'd River Ohios, 120 lbs.. $3.40; Idaho Russets 100 lbs $3.75; Idaho bakers, I'9 -Os. $4: rriumphs. 100 lbs., $0,50; new Florida* $lO bbl. Radishes—Southern long reds, 30 ffl 35c hothouse buttons $1.50 Rhubarb—H, <;.. 40e doz Root vegetables —Turnip* bu.. $1.50: parsnips. Jju.. $1.50: carrots, California, 5 doz.. $4.00. Louisiana. 90c doz; H. G. beets, bu. $1.50: Louisiana beets. 90c dozen. ..Seed potatoes—Main cobblers. 150 lbs.. s.'-oO- Red River Karl.v Ohio*. 120 lbs.. W /.,: Bliss Triumphs 150 lbs.. $5.25: Early Rose. 150 lbs., $4.25. Shallot*—Louisiana. 50c doz. Spinach—Texas. $1.50. Sweet potatoes—Yellow Jersey 51.75 ho.: Nancy Halls. $2 bn.: Southern Ure-ns. $2 bu.. red Bermuda*. $2.25 bu. Tom dues—Six-baeket crt.. $3.50 in 5.50.

Foods— Am Sugar. 83% ... 83% S4'7 A B Sugar. . . . . .. . 21 ** Austin Nil h 5 . . 5 5 Beech N t’k 54% Calif Park 63 Corn Prods .<6% .>5% 56 *7 55% Culia Cll nf 40 % . 40% 40‘a Cuba A So. 23% 23 23 23 Fleieohmann 54% ,54% .54', ... Jewel Tea.. .. ... ... 67 % Nn Biscuit 112’.. . . 112% 111% Punta Ales . . ... 37 % Postmil ... 96 9.5 95% 94% Ward Bk B 25 24 24 23', Tobacco*— A 111 Buniat. .53% . .55% 55% Amer Tob 126", 126 126 126 s , Amer To B 124% 131% 124% J-’tDs tons Cigars 78 ... 77 '3 G* 11 Cigars 53 % .. 53% 54 Liggett ... 96% 90% 96 % 96% Lorlllard 27% ... 27 % 27% R.l Rynhls 111 % 111 % 111 % 111 % Tob Pro R 101 100 100% 100'.. L C Stores. 90', 89'. 90 90 ' SChulte R S 48% ... 48% 48

OPTIMISTIC TONE IN WHEAT TRADE Opening Prices Unchanged to One-Eighth Higher. /lit United Press CHICAGO, April 7. —There is a more optimistic feeling in the wheat trade and theories advanced appear to be more logical than those previously noted. Behind the principal arguments is the apparent urge for domestic and Canadian wheat for immediate loading in the face of the 75,000,000 bushels of wheat already on ocean passage and the nearness of the opening of navigation. Opening quotations wore unchanged to *s<3 higher than yesterday’s close. Corn opened *sc loweivto %c higher than the previous close. At the beginning of March, the open interest in corn futures was 82,830,000 bushels, and on the last, day it was 81.453,000 bushels, indicating that longs either held on to their lines, or else transferred from one month to another, displaying a confidence in ultimately higher prices. Oats are expected to advance a little if the tone in other grains remains firm. Prices opened unchanged to %e lower than Wednesday’s close. Provisions opened steady. Chicago Grain Table —April 7 WHEAT— Prev. High. Low. 11:00. close. May 1.3., * 1.34% 1.35 1.35% July 1.29% 1.29% 1.29% 1.29% Sept 1.27% 1.27% 1.27% 1.27% CORN May 74 % .73 % .73 % .74 % July 78% 78% .78% Sept 81% .81% .81% .81% OATS— — May 44% .44% .44% .44% July 44 % .44% .44% .44!* May ", 1.04% 1.03% 1.03% 1.0.5 July 1.01% .99% 1.00 1.01% LARD— May 12.37 12.32 12.42 July 12.60 12.55 12.62 Sept 12.80 12.77 12.82 RIBS— May 14.45

DURANT FAILS TO STIR AUTO WORLD Ford, General Motors and Others Uninterested. fii/ United Press DETROIT, April 7. —Not a ripple upon the surface of Detroit automobiledom could lie perceived today following announcement of W. C. Durant's proposed consolidated motors with the Star six as its nucleus. According to the best information obtainable here the merger likely would embrace the Continental Motors Corporation, the Peerless Motor Car Company, the Spicer Manufacturing Company, Philadelphia, with an outside \yossibilty that Dodge Brothers or Studebaker would join. Neithe.r Ford nor General Motors Corporation executives expressed the slightest interest in the Durant announcement. Other automobile leaders said the rumors had been so prevalent for a year they were not surprised.

In the Sugar Market

(By Thomson & McKinnon) NEW YORK. A pril 7.—Conditions in the sugar trade and within the market for actual raws and futures, as well, warrant a recovery. This may turn out to be the irregular sort, but it is bound to eome. in my opinion, before long. The industry is approaching the period of heaviest consumption while world's supplies are reported to be below what they were a year ago. Futures have stood an unusual amount of liquidation recently and the technical position has been materially improved. 1 favor the buying side.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. April 7.—That the market has many friends was easily seen yesterday. A weekly weather report which was better than the one for Inc same period last year was made the basis for buying both here and m New Orleans. We should meet real selling about five points above last night's close. OPPOSES BUSER’S SUIT p (iillioiu Files Demurrer in Action to Tost “I*ockct Veto." Attorney General Arthur L. Gilliom today filed a demurrer in Circuit Court against the suit of City Controlller William C. Buser, who is seeking to have Senate bill 253, providing for a SI,OOO increase in his salary, published. Gilliom stated Buser was not entitled to relief asked because insufficient facts are set out in the complaint. Buser charges the bill, with thirtyone others, died in Governor Jaokson's office via the "pocket veto." Stolen Auto Abandoned An auto abandoned at TwentyEighth Rt. and Northwestern Ave. at 3 a. in. today after a collision with another car. was found to be the one stolen from George Forrey of 226 E. Fifteenth St.. Wednesday evening. Taylor Swartz of 527 W. TwentyFourth Rt., who saw the collision, told the police a Negro was at the wheel of the stolen car.

THE INDIANAPOLIS TIMES

Cattle Remain Unchanged —Calves, Sheep, Lambs Advance. —Hoe Price Range— March Bulk. Top Receipt*. 31. 11.15 4i 11.75 11.85 2.500 April. 1. 11.25ff111.n0 12.00 3,000 2. , 1 I .35 fn 1 2.00 12.10 2.500 4. J 1.40ffl 12.25 12 25 3 500 5. 11.26*1,12.15 12.15 6.000 0. 11.00 ffl 11.85 11.90 5.500 7. 10.80*111.75 11.75 4.300 Conditions in the hog market at the Union Stockyards today were practically a reptition of the two preceding days, prices continuing to slip off. Although the run was the smallest of the three days, holdovers were the largest. The current drop was in general 10 to 15 cents on the hundredweight. Most sales were at $10.80?t'11.75. The Chicago market was much like the local one, the same reduction being made in prices and in early trade nothing had been sold above $11.75. Receipts at the Indianapolis market were 4,500; holdovers were I, Ilog Price Range Opening trade was slow. A few 160-200-pounders averaged to go at $11.50711.75; 200-250 pounds, sll fi--11.50, and some 260-285-pound butchers at $10.75® 10.90. Packing sows were SOfilO. One thousand beeves were received and placed on a steady cattle market. Reef steers went at s9®, 11.50: beef cows. s6®B; low cutters and cutter cows. $4515.25; bulk stock and feeder steers. [email protected]. Move Upward The calf market advanced 50 cents to sl. The bulk of the 900-head run sold at $15.50 down. A few odd head of strictly choice meat animals brought the top price to sl6. The sheep and lamb division was trading at prices fully /steady to higher. A deck of clipped lambs cleared at $15.75 in early' dealing. Top fat lambs were quotable at sl6; bulk fat lambs, $14@15; bulk cull lambs. ss@l2. —Hog*— Receipts. 4 500; market lower. 90-130 lb* $11.00*11175 130-100 lbs 11.25ff111.75 100-200 lb* 11.50*1 11.75 200-250 lbs 10.80ff111.50 230 libs, up 10.50 ffl 11.00 —Cattle— Receipts, 1,000; market steady. Rrel steer* $9.00*/11.50 B ilk stock and feeder steers 7.25® 8.50 Beef cows 6.00*1 8.00 Low cutters and cutter cows. 4.00® 5.23 —Calves— Receipts, 900; market higher. Best vealers $15.00*7 10 00 Heavy calves G.OOffl 9.00 —Sheep— Receipts. 300; market steady to higher. Top fat lambs $16.00 quotable Bulk fat lambs 14.00ffl 15.00 Bulk cull lambs 9.00(d 12.00 Other Livestock Bi/ United Press CH/CAGO. April 7.—Cattle—Receipts. 11. fed steers, steady; other killing classes steady to strong, vealers. 25*/50c lower; best fed steer*. $13.50: bulk. sln*, 12.50: stockers and feeders, $8*19.25: country demand improving: heavy medium bulls upward to $7.40; bulk vealers to packers, sll *{l2. lew at $12.50: small killers. sl4 *1 15. Sheep—Receipts. 14.000 market, very slow: early trade confined to few lower gfade lambs, w/qk to unevenly lower: odd Tots of choice ewes. 25c higher; 150-pound wooled ewe*. $11; bulk battelgrade fat lambs held fully steady: early bid around 25c lower. tlogi—Receipts. 37.000; market slow, chipping demand very, narrow; heavyweights. $10.40® 11.10 • mediumweights. $10.65(011.50: tight weights. sll ffl 11.70; light lights. $10.90 4{,1.70: packing ows. 59.25ff19.85 slauaghter pigs, slo.6offl 11.65. Bi/ Times Special LOUISVILLE, April 7.—Hogs—Receipts, 1.600; market 40c lower: tops. $11.20. Cattle—Receipt*. 100; market steady. Calves—Receipts. 300: market steady good to choice. $10.50(012.50: medium to good. $8.50® 10.60: outs, $8.50 down. Sheep—Receipts. 50: market steady; top lambs. $13014; seconds. slo® 12: sheep. so@7. fiw United Press CLEVELAND. April 7.—Hogs - Receipts. 2,500; market 15 ffl 25.’ lov.tr 250 to 350 lbs., $10.65® 11 ”5: 200 To 250 lbs $11.25® 11.85; 100 to 200 lb*. $11.85*i12: 130 to 160 lb*.. $11.85*1 12.25: 90 to 130 lbs.. sl2ffl 12.25: packing sows. $9.25 ffl 9.75. Cattle—Receipt*. 200: calves. 300: market strong; beef steer*. $8.75ffl 0.35: light yearling steers and _heifers. sl.soffl 10: beef rows, $6.56 'a <.,: low slitters an<l slitter fow* $4.50ff15.25; vealers. sls ffl 10. Sheep— Receipts. 1.500: market slow-, weal,: top fat lambs. $15.25; bulk fat lambs sls *l 1‘>.25; bulk cull lambs. slo® 12: bulk fat ewes, $6.50*/ 8, all on clipped basis. Wo 1 11 ited Press EAST BUFFALO, April 7.—Hogs—Receipts. (100: holdovers. 510: market, 25c lower: 250-350 lbs, .$10.75*/11.75 200200 lbs, sll.O5 ffl-12.10: 100-200 lb*. sl2 -‘/.VT. 0 - 0 , 1 ! >l ! •- *!'•■••* *• .12.50: 90I*>o lbs.. $1 1L.,0: pafkinir $9.50® 10.5°. Cattle—Receipts. lot* calves. .100; n-.rket steady weak to 50.off: vealers. sl4 ffl 15. Sheep—Receipts 800: market at standstill, nominally weak to 25c lower: top fat lamlis, 'wooled nominally $16.60: clipped. $15.25. fit/ United Press PITTSBURGH, April 7.—Hogs Receipts. 2.000: market, slow 15ffl 35 - lower: 250-350 lb* sll ffl 11.60; 200-‘’si) lbs, $11.60® 12: 100-200 lbs. sl2*/ 12.15: 130-100 lb*, $12.15*/12.4(>: 90130 lbs, $12.30*/ 12.4(1; packing *ow* $9 *7950. Cattle—Rev-ipU 30; calves isomarket. steady: boci -tear* .$9.50ffl li sii quotable: vealers. sls ffl 15.50. Sheep Receipts. 1.200: market, steady to lower wethers $lO 25: top fat lamb*. sls- bulk cull lamb*. sß® 10.50. fit/ tailed Press TOLEDO. April 7.—Hog—Receipt*. 1.000: market, 35ff150c lower- top slo*l 10.50: heavies, $10.50® 11.25: Yorkersll.so® 11.75: good pigs. $11,75*1 in! Calves—Receipts, light; market, strong Sheep and lamb —Receipt*, light; market' steady. NO REDUCTION FOR BELL Tax Board Indicates Telephone Valuation Will Not Be Slashed. That the Indiana Bell. Telephone Company, with its 1926 profits swelled to more than double those of 1925, will not be successful in getting a $3,000,000 tax valuation reduction was indicated by Indiana tax board members today. Company attorneys requested the reduction. “We have not finished our estimates. but have gone far enough to announce there can be no reduction,” Tax Board Chairman John Brown declared. The Connersville Telephone Company valuation today was raised from $147,288 to $151,320. BOOMED FOR G. A, R. POST Ligonier Veteran Is Candidate for State Commander. Commender John H. Hoffman of Stansbury Post No. 125, G. A. 11, at Ligonier, is being boomed for State commander, according to advibes received here. His name will he placed before the annual encampment at Gary, June 13-16. by Simon S. Bass Post of Ft. Wayne. Hoffman is a veteran of the FortyFourth Indiana Volunteers and was wounded at the battle of Shiloh. He served several terms in the Indiana Legislature, where he was active in fostering soidier relief hills.

MANY ISSUES STRIKE RECORD HIGH LEVELS Some Reverses Despite These Gains—Steeh Reviews Point Out Excellent Outlook for April.

By Elmer C. Walter United Press FinAii-ia! Editor NEW YOKK, April 7. —Another day of records in bcnrl and stock markets Wednesday sent averages for railroad and industrial stocks and bonds into new territory for all time, continuing the bull market which is startling the Street with its inherent strength. United States Steel and General Motors both reached new high prices, as did a host of other industrial and railroad stocks. There were reverses, as well, in various sections of the list, hut these were overlooked in the breadth of the advance. Buying for investment is one of tho biggest reasons for tile continued demand for the high-priced shares, and accounts for the fact that brokerage loans are not rising in tho ratio to the amount of business. Evidence of this purchasing was noted particularly on Wednesday in Ameriesn Telephone and Telegraph, which rose to the highest price since 1903. Dupont also reached new high territory. Texas Gulf Sulphur, General Railway Signal, Union Carbide and United States Steel made new highs in the industrial section, while Missouri, Kansas & Texas was one of the outstanding rails to get into record 1927 territory. Record Week Car loadings ran over a million cars for the third consecutive week, setting a record for this time of the year. Steel reviews were distinctly optimistic, pointing out an excellent outlook for April. Pere Mar-

Produce Markets

Butter (wholesale price)—Creamery beat grade, a pound. 52 ffl 54.’. Butterfat—Local dealers pay 52c a pound. Ek*b —Strictly fresh delivered at Indianapolis. lOfflCOc. Poultry (buying prices!—Hens, large breed. 22ffl 23c: Leghorns. 18 ffl2oc: roo*tcrs. 13ffl 15c; 1027 broilers, 1% lbs. up, 3.*i4oe: Leghorn broiler*. 30® 35c: duck*. 18ffl2(>.': geese. 10*i12e: turkey*, young tom*. 30ff132c: old toms. 25c: liens, 30ffl 32c; guineas. 35r. fit/ United Press CT.KVEtAND April—Butter Extra. 40c in tub Iota: standards. *loc. Eggs—Extras. 27c; extra firsts. 25c: firsts. 24c: ordinary, 23c. Poultry—Heavy fowls. 30*/ 31c: medium. 32c: Leghorns, 28*/29c; cocks. 18ffl20c: spring broiler*. 50ff153. ; Leghorn broilers. 42 */ 45c: stags. 22® 24c. J’otatoes—Round whites. 150 pound sack* Maine. $4.25: Michigan, mostly $3.50*/ 3.60: New York. $3,*>0ff13.75; Idaho russet bakers. 115-pound sacks s4® 4.16: Ohio bushel sacks. $1.25*/ 1.3a: Maine two-bushel sacks. $3.50ff13.50; Florida, barrels. Rose No. 1. $9ff19.25. fit/ I nited Press CHICAGO. April 7.—Butter—Receipts, 7.037: creamery. 47 % ffl 47 %1; standard*. 48c- first*. 46% si 47c seconds, 44 ffl4oc: extra;. 48c. Eggs—Receipts. 19.o>9: ordinaries. 22%e: firsts. 23*/ 23%c; second*. 23c: extras. 26c. Clce*t—Twins. 22 *••; America*. 23c. Poultry—Receipts. 0 cars: fowl*, heavy. 28c: ducks, heavy. 32c: geese, 10c: turks No. 1. $1.30; roosters. 18c. Potaloe*—Arrivals. 70 old. 7 new: on track. 167: in transit. 812: Wisconsin sacked round whites. $2.05 *1 2.20. mostly $2.10 ffl 2.15: Idaho sacked russets 53.10*/3.25. mostly $3.20ffl 3.25. Sweet potatoe $1.90*1 2. ‘DEVIL DOGS’ ON WAV 10 CHINA (Continued Front Page 1) United States Yangtze patrol, urged all Americans to uveuate quickly. Hough suggested that Americans who insisted on remaining in the city desert their homes and establish themselves on steamers, anchored in the Yangtze, The local government apparently was unable to keep tho city pacified. United States Consul Davis, who remained at Nanking after a narrow escape front death at the hands of natives in anti-foreign riots, was en route to Shanghai today. A vice cosul was left in charge at Nanking. DEFENSE HOLE FOR L. S. Americans May Guard Raided Soviet Embassy. Hu United Press* PEKIN, April 7.—The American legation here may take over defense of the western portion of the Soviet embassy grounds on tiie border of the foreign legation quarter if antiforeign disturbances break out in Pekin, it was learned today. The Soviet grounds would lie a vital point in defense at the quarter should trouble occur. Mrs. Mildred B. Mitchell and Wilbur Burton. American arrested Tuesday, must be released tonight unless formal charges are filed against them. They are alleged to have been propaganda agents for the southern Chinese government, but no. charges were filed and they were not taken to jail, but were detained in their hotel apartments under guard. Chinese police still occupied portions of the Soviet embassy grounds and buildings which were raided yesterday. The embassy will protest the raid in the strongest terms. First Secretary Bitner told the United Press today. PENNSV EXTENDS FREIGHT SERVICE Inaugurates Fast Trains to Cincinnati. The Pennsylvania Railroad today inaugurated an overnight fast freight train service between Cincinnati, Ohio and Indianapolis to handle perishable merchandise and other car load traffic, A. D. Pendleton. division freight agent, announced. The new trains will be known as CI-R and CI-4. Train Cl-3 will leave Cincinnati at 9:30 pin. and arrive Salle St. yard. Indianapolis, at 4 a. m., providing early morning placement in the produce yard. Train C'l-4 will leave Indianapolis at 8 p. m. and arrive Cincinnati at 6 a. m, handling merchandise and other carload traffic destined to McCullough, Cincinnati and beyond.

quette directors approved a 20 tier cent stock dividend, sending that stock up sharply. Another factor on tho hull side was the ease in call money _ despite calling of some $10,000,000 in loans. The call rate held through the day at 4 per cent. Bad news in the form of further reductions in gasoline by several companies and estimates, showing increasesin crude oil production, failed to have an adverse effect even on the oil shares. In the latter group, Houston ran up 2 T * points. Philips Petrolemu l’i and Atlantic Gulf 4 points. Durant Sells Oil' Bonds continued in urgent demand with the rails leading. Erie Convertible D 4s were again favorites, while good buying developed in Missouri. Kansas & Texas Adjustment ss. High grade rail shares were well taken. On the curb prices continued irregular. Durant Motors sold off nearly two points for the day as the *ime approached for the "startling announcement” Durant was to make. Foreign exchange was steady except for a decline in lira and pesetas. Cotton and wheat were both firmer. Durant's announcement is in store for the morning stock market session. His formation of anew motor company will he construed as a strong market fncft.r only when it begins to function. Just now the street Is skeptical of Durant's ability to set up tiie competition against General Motors, which the announcement would seem to convey. However, the fact that this veteran operator is practically severing his connection with Mall .Street, some reaction may he noted temporarily in the issues which he is known to have been playing.

315 TO GRADUATE FROM DE PAUW Twenty Indianapolis Students Included. Oil Times Special GREENCASTLE, Ind„ April 7. Three hundred fifteen students ICS men and 150 women, of De Pauw University are candidates for the Bachelor of Arts degree to he awarded at commencement, June 13. Twenty are from Indianapolis. They are: Mildred Askren. U. R. H.; James F. Bailey, 1815 N. Delaware St.; William A. Bruce, 4144 Central Ave.; Richard W. Bunch, 2126 N. Alabama St.; Elizabeth L. Clark. 2140 N. Alabama St.; Le Grand Cannon, 4929 Central Ave.: Virginia Cottingham, 3950 Broadway, Thelma Davy, 2429 N. Harding St. Addison M. Dowling. 3556 Washington Blvd.; George W. Esterline, 5120 N. Pennsylvania St.; Helen E. Fehr. Woodlawn Ave.; Thomas A. Ivimberlin, 1704 Bankers' Trust Bldg.; Catherine S. Hoffman, 5315 N. Pennsylvania St.; Merrill D. McFall, 2157 Park Ave.; Robert W. Morris. 2932 Central Ave.: Ruth S. Quebbeman, 5406 Salem St.; Ruth R. Richards, 3935 Graceland Ave. Rea Bauer, 3028 Fall Creek Blvd., and Florence Whittenburg, 356 Good Ave. are candidates for the Bachelor of Music degree.

CLEAN-DP DRIVE - STARTS MONDAY Ceremony at the Monument Will Open Campaign. The “clean-up, paint-up campaign" sponsored annually by the Junior Chamber of Commerce will start next Monday and continue until April 23. Opening ceremonies*for the caippiign will he held Monday noon on Monument circle, Harmon E. Rnoke, Junior Chamber secretary, said today. Plans are being made to have Mayor Duvall and other city officials sprinkle the Monument steps with a water wagon to symbolize the official start of the “clean-up” campaign. The campaign is receiving commendation by school authorities, fire officials and fire Insurance companies, health officers and civic leaders, Rnoke said. TRIPLE SLAYING, CHARGE Man Admits Killing Wife and Neighbor Couple, Report. Oil United Press HONAKKIt, Va., April 7. —Henry Griffith. 49. arrested at his home in Richland*, Va.. was reported here today to have confessed the slaying of his wife, Mollie Griffith, and Mr. and Mrs. Matt Lawson, neighbors of the Griffiths. Bodies of the three were found in a river near here this week and identified yesterday. Mrs. Griffith and Lawson eloped March 27 and Griffith swore to kill both, according to statements to officers. The bodies bore shotgun wounds and appeared to have been in the river several days before s railroad lineman found them. Liquor Deal Starts Fight A liquor transaction led to a fight, in which Anderson Hearst, 52, Negro. of 635 E. Wabash Rt., was struck on the head with a baseball bat by William Johnson. Negro, 6)9 E. Wabash St., late Wednesday, police said. Mary Smith, Negro, also of 619 E. Wabash Rt., joined the battle, and police arrested all three on assault and battery charges. Hearst said Johnson hit him when he refused to pay for liquor.

SINGLE FUNERAL FOR 16 Parco, \Y.vo., Prepares to Bury Blast Victims—-Six Hurt May Die. Hu United Press PARCO, Wyo., April 7. —A joint funeral service for the sixteen victims in an explosion at the Producers and Refiners oil plant here was being planned today while officials turned toward the task of repairing damages. Only seven of the twenty-three men at work in the plant escaped death. They are in a hospital at Rawlins and doctors today said little hope was held for recovery of six. Damage to the plant and town was estimated at more than $500,000. VOTES PERMIT TO ABANDON ROAD Commerce Body Authorizes Junking of Line. Permission to abandon the Centrial Indiana Railway, or Midland route, was granted today by the Interstate Commerce Commission, according to dispatches. Permission to junk the, 127 miles of road from Brazil to Muncle within six months was voted unless some person or corporation is willing to cooperate it in whole or part, the dispatch stated. The Indiana public service commission conducted a hearing a year ago, recommending that the road be not abandoned. Commissioner Frank Wampler declared. Commissioner Clyde H. Jones ruled tiie Pennsylvania. and Big Four Railroads, joint owners, should not operate at a loss, but sell the properties. The companies desired to junk the line. Several industries served exclusively by the road protested its abandonment.

Wife’s Lawyer Wants Divorce Case Pay Bn United Press CHICAGO, April 7.—Trial of Col. Edward Carrington’s divorce euit. i was almost halted today when I George L. Scltein, attorney for Mrs. I Carrington, threatened to drop the I case unless he were given $5,000 for j “expenses.:’ | Judge George re Rush, hearing tiie j ease, indicated he might comply with i Schein's request in part and asked : the attorney to continue until to- ; morrow, when a decision will be ! given. j Mrs. Carrington’s lawyer already : has received SI,OOO feets and $750 j expenses for fighting the colonel’s ■ charges that his wife maintained a ; “love nest” with Campbell Carring* ! ton, brother of the colonel. GUARD FOR COURTHOUSE Precautions Planned at Sentencing of Sacco and Vanzetti. [ On tutted Press BOSTON, Mass., April 7.—The Dedhant courthouse trill he heavily : guarded Saturday when Nicola i Sacco, and Bartholomeo Vanzetti, convicted murderers, appear for imI position of the death sentences which they have evaded for six j years. 1 This became apparent through an | announcement made today after a | conference between Chief Justice I Walter Perley Hall of the Massachusetts Superior Court and Disj trict Attorney Winfield M. Wilbar j of Norfolk Count}'. | Quake in Ecuador [ Ou United Press I GUAYAQUIL. Ecuador. April 7 j An eight-second earthquake alarmed I the population today. The shocks were not severe. Bank Charters Issued j Charters for the Citizens State I Bank of Carmel and Monroe State Bank of Monroe were issued by the ; State banking department Wednes- ; day. Both are capitalized at $25,000.

First Mortgage Real Estate Bonds For Conservative Investors $50,000 City State Bank Building, Chicago 6 r c First Mortgage Gold Bonds Maturing February 1, 1947 SIO,OOO Midland Building, Chicago %%% First Mortgage Gold Bonds Maturing November 1, 1946 SIO,OOO Fabric Building, Chicago 6!4 r c First Mortgage Gold Bonds Maturing September 15, 1946 $20,000 National Life Building, Chicago 6G First Mortgage Leasehold Gold Bonds Maturing January 1, 1947 $30,000 Cleveland Terminal Building Cos. 6% First Mortgage Leasehold Gold Bonds Maturing December 1, 1941 $50,000 165 Broadway, New York 5/z'/o First Mortgage Gold Bonds Maturing May 1, 1951 * Denominations, SSOO, SI,OOO At 100 and Interest / Yielding from s'/2 to 6/2 c /c / jilftit The J.F. WILD &COJ J ;,j|| I STATE BANK H&tj 1 23 East Market Street. IndlMup®*. The Oldest Bond Hftuse in Indiana

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NEW PINEAPPLES LATEST ARRIVAL Sell at 40 Cents Each— Texas Onions Here. New pineapples were received at the city market today, selling-at 40 cents each. A second newcomer was Texas white onions. These sold at 20 cents a pound. Texas yellow onions, which have been in the city for a while, continued to sell at 15 cents a pound. Strawberries are at tiie lowest point this season. 45 cents a quart. Peas dropped to 20 cents a pound. Jersey sweet potatoes were 10 cents a pound or three pounds for 25 cents; new potatoes, 10 ce' is a pound; Bermuda onions, 8 cents each or two for 15 cents. Grapefruit sold at 5 to 15 cents each; lemons, 15 to 30 cents a dozen, and bananas, 20 to 30 cents a dozen. ADVOCATES HOME RULE Thorpe Says Mast Laws of Nation Concern Business. / "Communities and industries should regulate business and industries should regulate business and industry. It should not require government regulation,” Merle Thorpe, of Washington, D. C., editor of the Nation’s Business, told Kiwanians, Wednesday at the Claypool. Thorpe declared that 90 per cent of the laws proposed today and an equal percentage of questions facing the administration concern business. He expressed belief that communities in which the industries were located were in better position to regulate those industries, because legislation applied to industry in one locality might not be necessary in another.

ADVANCE CAMP PLANS i Tuberculosis Association Pushes Work at Bi4dgeport Site. A special committee, with Edward W. Harrison as chairman, to work with the Marion County Tuberculosis Association and to direct the organization of the new' child nutrition camp at Bridgeport has been announced by Dr. Alfred Henry, association president. The camp site is on the banks of White Lick Creek, north of the National Rd., at Bridgeport, and the camp will lie constructed as rapidly as incoming funds to the association permit. It is proposed to provide for one hundred children. Ot least one unit of the camp is to be completed during 1927. All special committees of the tuberculosis association are now being organized under a cooperative plait. ‘ STUDENTS STILL STRIKE Two High Schools at Superior, Wis„ Closed Five Days. On United Press SUPERIOR, Wis., April 7.—Pa. ralysis crept over higher education in Superior today, owing to the strike of Central and East High School students. The walk out protesting against dismissal of Miss Lulu Dickenson, English instructor in Central High School, who was accused of disloyalty to her superiors, entered its fifth day today with students holding the upper hand, but no compromise in sight. Parents who are trying to bend the Superior school board to the will of the students were encouraged today by the resignation of John S. Hadley, board member. Metal Contractors Elect Officers were elected by the Indianapolis Sheet Metal Contractors Association Wednesday night at the Dennison. Elmer Mulins was reelected president; Homer Selch, vico president, and John Pope, secretarytreasurer. Labor problems were discussed nt the round table. Committees will he appointed later by Mulins.