Indianapolis Times, Volume 39, Number 2, Indianapolis, Marion County, 13 May 1927 — Page 25

MAY 13, 1927

PRICES ON PORKERS GO STILL LOWER

STOCK EXCHANGE * FINDS SENSATION IN NICKEL PLATE Soars to 214 in Active Turnover—Other Issues Gain.

Average Stock Prices

Average of twenty industrials Thursday was 167.06, off .53. Average of twenty rails was 132.01, off .47. Average of forty bonds was 07.00. off .18. Bu United Press NEW YORK, May 13.—Nickel Plate again proved the sensation in the stock market, when, in early dealings today, the* issue soared 10 points to 214 in active turnover. The remainder of the market was highly irregular, with trading very active. Call money renewed at 4*4 per cent, the rate at which it held through Thursday’s session. In addition to the appearance of $39,548,000 “gold held abroad’’ in the weekly Federal reserve statement the regular gold reserve increased $20,600,000, bringing the reservation for the entire system to 80 per cent, against 78 per cent the week previous (and 75.7 a year ago. As gold held abroad will undoubtedly find tis'way into the bank statement later on, creating further enlargement of the credit base, the outlook for continued ease in money is correspondingly strengthened. Strong Tone This situation was reflected in the generally strong tone in the early dealings, despite professional efforts to extend Thursday’s reaction. General Motors sold down to 192%, off 1%, but its heaviness was due to proflt-tSking on news of declaration of a $2 extra dividend at the meeting after Thursday’s close. Steel, Baldwin and other industrial leaderg were steady and Houston Oil ran up to new high ground for the year at 128%, a gain of 1% from the previous close. Halt Bears Bearish operations based on the theory that the declaration of $2 General Motors extra dividend would mark the end of the current phase of the forward movement were brought to an abrupt halt in the late morning by another remarkable burst of strength in the whole market. Bullish enthusiasm was revived by indications of powerful buying of General Motors, which readily absorbed heavy profit taking and rallied sharply to 95, up more than 3 points from the early low. This demonstration of undimin- | ished confidence on the part of important financial -interests was followed by a renewal of the forward movement in various sections of the list. Stocks Spurt Case Threshing Machine, discounting the split-up on the basis highly favorable to stockholders, rose to record levels at 191%, up 1%. Montgomery Ward spurted 3% to 68% on Chicago buying stimulated by the improvement in the company’s sales. Houston Oil continued its sensational upswing, selling at 133 up 6%. Bullish operations based on the growth of Houston’s Natural Gas distribution accounted for the advance. Producers & Refiners, which ftt branching into the same business, spurted 1% to 30. Baldwin ran up 5 points to 194% On resumption of buying activities by the Cutten group.

Banks and Exchange

INDIANAPOLIS STATEMENT —May 13— Local bank clearings were $4,335,000; debits, $8,029,000. FOREIGN EXCHANGE Bn United Press NEW YORK. May 13.—Foreign exchange opened steady. Demand sterling. $4,85 7-16, off .00 1-16: francs. 3.91%c; lira. 5.39 c, off .02; Belga, 13.89 c; marks. 23.67 He. Oil Industry Names *Petroleum Czar 9 Bn United Press NEW YORK, May 13.—The oil industry has taken a page from the book of the movies and of baseball and is in the market for an “oil czar’’ to be the “Will Hays of Petroleum” or the “Judge Landis of Crude Oil.” Asa result of a two day conference of oil men in New York to consider over-production, which they say threatens ruin to the industry, they already have named Ray H. Collins of Tulsa, Okla., as a dictator to serve for two weeks in the Seminole area of Oklahoma. At the end of that time it wil be determined whether he shall continue or some other plan should be adopted. It is the heavy production in the Seminole area which oil men allege is disrupting their industry. A committee of five in the meantime is working on a plan to limit production in “all producing areas in which there is a prospect of large new development.” Under the plan reported to be favored by the oil men the petroleum industry would have a man at its head vested with all the powers of Judge Landis or Will Hays. The dictator would have the power to say how much oil should be taken from the ground. He would have power to punish. Prays and Slays r.v United Press ATLANTA, Texas, May 13. Kneeling in prayer for the soul of his brother-in-law, George Shields then arose and attacked his selfstyled infidel relative and as a result both men are dead. Shields attempted to convince Charlie Preston of the veracity of the Bible, according to neighbors, but shortly before the fight started an argument over the book brought forth the asserion from Preston that “It’s all a lie,” witnesses said.

Calves Display Weakness and Sheep StrengthCattle Unchanged. —Hob Price Range— May Bulk. Top. Receipts. O. 10.00® 10.50 10.00 6,000 7 0.75 @IO.OO 10.00 3.000 9. 9.50® 10.35 10.40 5,000 10. 9.50® 10.25 10.30 7.500 11. 0.50® 10.15 10.15 11.000 12. 0.35® 10.00 10.10 8.000 13. 9.25 @IO.OO 10.00 7,000 Sales on the local hog market were generally steady to 15 cents lower on the hundredweight today. Some bids were off 25 cents. This change was not in accord with the trend at Chicago, which was steady to higher. Even the strength of the Chicago market gave it only $9.90 as its early top, compared with $lO at the Indianapolis stockyards. Most sales here were at $9.25® 10. Estimated receipts were 7,000; holdovers were 478. Hog Price Range Meat animals weighing 160-200 pounds went at $9.75@10; 200-225 pounds, [email protected]; 225-250 pounds, [email protected], and 250 pounds up, $9.25 @9.50. Pigs were quoted at $lO down and packing sows cleared at $8 @8.75. Six hundred ijeeves formed the run placed on the market, which was steady. Beef steers were s9@ 10.50; beef cows, [email protected]; low cutters and cutter cows, [email protected], and bulk stock and feeder steers, $7.25 @8.25. Weak Tone Calves were weak to 50 cents lower, best vealers bringing $12.50 and other sorts selling downward from this. Receipts were 1,100. Not much trading was done in the j sheep and latab pens, but the market appeared strong to higher. The United States Bureau of Agricultural Economics made no definite quotations for today’s market. Prices in effect Thursday, which likely are lower than the hew ones, were: Top fat lambs, $15.50; bulk fat lambs, $13@15; bulk cull lambs, $8.50@11. —Hobs— Receipts. 7.000; market unevenly lower. 90-130 lbs $ 9.25® 9.75 130-100 lbs 9.50® 9^B-> 100-200 ibs [email protected] 200-250 ibs '. 9.40® 9./o 350 lbs. up 9.20<& 9.50 —Cattle— Receipts, 600: market steady. Beef steers $ Bulk stock and feeder steers 7.20@ 8.25 Beef cows -•><> @ 8.<5 Low cutters and cutter cows. 4.20<8 5.00 —Calves— Receipts. 1,000; market weak to lower. Best vealers Heavy calves 6.00® 9.00 —Sheep— Receipts. 300; market strong to higher. Top fat lambs Bulk fat lambs Bulk cull lambs Other Livestock Bn Times Special LOUISVILLE May 13.—Hogs Receipts, 2.300: market 30c lower; tops 640 Cattle—Receipts. 300: market steady. Calves—Receipts, 400: market steady: good to choice. [email protected]: medium to good, $0@8: outs, $0 down. Sheep—Receipte. 300: market steady; fed lambs. $14®15; springers, $17@18; seconds. sl4 @ls; sheep $7 @7.50.

Commission Row

PRICE to retailers Apples—Box apples—Winesaps. s3@ 3.50: Delicious $4.35. Extra.fancy barrel apples—Rome Beauty. $4.00: Russets, $4.50: New York Baldwins. $4.25; Ben Davis. $3.75 @4.50. Fancy barrel apples —Ben Davis. $3.50. Basket apples, 40lb. basket —Rome Beauty, $1,75 @3.25, Winesaps, $1.75; Baldwins, $1.50; Ben Davis, $1.25. Bananas (jobbing: price)—4@sc lb. Grapefruit—Fancy. $4.25. Lemons —California, $4.25 04.50 box. Limes—California. $3 per hundred. Orang-es—Florida Valencias. 5.50 crate; California Valencies, $3.75@ —Cuban. $5.60 crate. Strawberries —Tennessee. $3.50 @6. VEGETABLES Asparagrus—H. G. fancy white. 60® 90c doz.: green. 75c@$l doz. B eans —Louisiana etnngless $3 per hamP<i ßeets—Louisiana, S3 per*hamper. Brussels Sprouts—Fancy California 30c P °Cabbage—Mississippi, $6, crate. Carrots- —California, $2 bu.; Louisiana, $2 bu. Cauliflower —Crate $3. . „. Celery—Florida. 3 and 4-doz. crate. o. Mammoth (washed). [email protected] doz. Corn—'Bexas, $1.50 bu. Cucumbers —Hothouse, 3 doz., southern, $4.50 hamper. gsassSatt i2%°cib. doz - Kale—H. G., $1.75 bbL Lettuce —7ceberg, crt., $5.50: H. G. hot house, $2.40 15-lb. basket. Mangoes—Florida peppers, $6 crate. —Pennsylvania, 1 % lbs., SI 25. Onions—Texas yellow, $3.50; Texas whites $3.76 crate; H. G. green, 45c doz. Onion Sets—Yellow. $3.75 bu. Parsley—H. G.. 50c per bunch. Peas —California. $4.50 hamper: Tennessee Junes. $3. Potatoes —Michigan whites, 150 Ibs., $5. Russet Burbanks, 150 lbs., $5.50, Idaho bakers, $4 box: Triumphs. 100 lbs. $4.25, new Florida, $6.60 @7.50. f Radishes —H. G. long red, 45c, hothouse buttons, 75c. Rhubarb—H. G.. 30c doz. Spinach—Texas. $1.25 bu. Sweet potatoes—lndiana Jerseys, bu. 5-. Nan%y Halls, $1.50 hamper. Tomatoes —Six-basket crt., $3.50@6,

Local Wagon Wheat

Local grain elevators are paying $1.28 for No. 2 red wheat. Other grades are purchased on their merits. GOLD TOWN ‘RUM’ CITY Liquor is more plentiful than gold in the Weepah (Nev.) "rush” zone, if you’ll take the word of Charles “Buck” Summer, former Indianapolis policeman, for it. Sumner, back today from Weepah where he staked a claim with Thomas Rider, Alaskan gold miner, dug the necessary eight feet in thirty days to hold the claim and only $8 worth of ore, visited police headquarters for a few hours before heading for Louisville and the Kentucky Derby. Praises Realty Board The value of the Indianapolis Real Estate Board to Indianapolis was stressed by speakers at the Chamber of Commerce open forum luncheon today. L. H. Lewis, realtors’ president; Prank E. Gates and William L.' Elder, past presidents, spoke. Conder Improved Earl R. Conder, attorney and Church Federation president, ill at his home since Wednesday night, was reported improved today. He suddenly became ill at his residence, 25 Meridian PI., when a blood vessel burst. His physician said he expected rapid recovery unless complications arise.

New York Stocks By Thomson & McKinnon)

—May 13— Railroads — High. Low, Close, close. Atl Cst L. . . . ... ••• 184 B& 0 ... 123% 130% 131% 131% Canad Pac 170% 179% l' 9 U 178% Ci O ... 170 175% 177 175% C A NW .. 87 % 80% 87 80% C R 1 & P. 99% 98% 08% 98% Del A Hud 304 203% 203% 203 Del & Lack ... , 164 Erie 55 4 % 54 % 54 % Eri Cist pfd 00% 59% 00 58% Gt Nor pfd 88% 88% 88% 88% Lehigh Val .. ... , . .... 122 K C South. 67% 56% 07% 58 L&N .... ••• 139 M K & T.. 47 40% 40% 46% Mo Pac pf 100% 105% 100% 100 N Y Cent. ... . ■ • • ■ • 148 NY NH & H 48% 48% 48% 48% Nor Pacific 87% ... 8< % 88 Nor & Wn 180 179 180 178 Pere Marq 122% ... 132% 133% Penney ...01% •• • , 61 % ,6j * Reading . 115% 114% 110 115 S Railway 135 . . 135, I? 4 , % So Pacific .112% Ik s 112% 113% St Paul , •■ • , 14% St Paul pfd 24 7 s 74% 24% -.4% St L & SW 75% St L& S F 113 113 % 113 113 Union Pac 170% 174% 175 175 Wabash . . . 00% 60% 00 % <lO% Wabash pfd 95 ... 95 04% Rubbers— Ajax 10 ... 9% 10 Fisk •••. •• • I’s Goodrich . . 50 55% 50 55% Gooilyr pfd 112% 112% 112% 113 Kelly Spgfld 24% ... 33% 24 U S Rubber 53% 63 53% 53% Equipments— A C and F 103% ... 103 103 amei Loco 111 ... 11l 109% Am Stl Fdy 45% 44% 44% 45 Bald Loco .195% 189 195 189% Gen Elec.. 97% 97 97% 97 lima 08 ... 68 09% N Y Airbrk ... 44% Pres Stl Car 02% 01% 01% 01% Pullman ..183% 180 183 % 179 Wsth A 8..158% 157% 158% 157% IVsth Elec.. 73% 73% 73 73 Steels— Bethle .... 50 % 50 % 50% 50% Colo Fuel. 88% 80% 87% Srt % Crucible ... 87% 87 87% 87 Gulf S Stl . . . 51 % Inland Stl.. 43% . . 43% 43% P K C & I. 43 41 % 41 % 42% Rep Steel. . 05 % ... 64 % 05 % Sl-Shetr 137 U S Steel 171% 168% 171 109 Alloy .... 30 7 s ... 20 % 20 % Vanadium.. 40% ... 46% 47 Motors— Am Bosch. 14% ... 14% 14% Chandler . . . . 74 % Chrysler .. 40% 45% 16 46 Con Mot... 12% ... 12% 12% Dodge .... 30% 19 % 19 % 20 Gabriel ..,41% ... 41 41% Gen Mot.. 190% 192% 190% 194% Hudson ... 85% 83% 85% 84% Hupp .... 21% ... 214. 21 Jordan .... 18% . . 18n 18% Mack ,114% 113% 114% 114 Mar Par 18 Moon ... ... 9 Nash 63% 63% 63% 63% Packard .. 35% ... 35% 35% Peerless ... 20*4 20 20 % 20 Pierce Arr. ... ... ... 15% Studebkr 63% 53% 53% 63% Stew Waff. 60% ... 69% 60% Timken .. 02 91% 91% 91% Wjllys-Over. 20% .. <lO% 20% White Mot.. 48% 48 46 % 47% Mining— Am Smelt. 149% 148% 149 148*, Anaconda .46 ... 45% 45% Cer De Paa 61% ... 61% 60% Inspir 18% . IK’, 18 Int Nick... 57 50 * 57 50% Kennec .. . 65 04 ■'% 05 04 % Tex G & S 03% v 02% 03 02% U S Smelt. 37 % ... 37 % 37 Oils— At Ref... 11l ... 11l 112% Cal Pete... 25% . . 25% 25% Freep Tex.. 68?s 68% 68% 08% Houston ..133 136% 131 120 % Indpend Oil 20' . . 20% 20% Marl and Oil 39 38 88% 19 Mid Con Pet 31 % 31% 31 % 30% P-A Pete B 69 % ... 59 % 59 % Pacific Oil. . . . . ... 1 % Phillips Pet 44% 43% 43% 4 4 Union Oil.. 43% 43% 43% 43% Pure Oil .. 27% ... 27% 27% Royal Dtch 50 % ... 50% 50% Shell 28% 28*; 88*, 28', Siqclaid ... 17% 17% 17% 17% Skelly .... 28% 88% 38% 27% S O of Cal 55% 55' 4 65% 55 % S O of N J 37% . . 37 37% S O of N Y 30% 30% 30% 30% Texas Cos . 47% 47', 17% 47% Trans Pete. 4 ... 4 4 Industrials— Ad Rumcly . . ... . 12 Allis Chat 108 100% 108 107% Allied Chm 140% 137% 140 138 Armour A. 9 % . . 9 % 9 % Amer Can. 48% ... 48% 48% A H and L 8% ... 8% 9 A II A L pf 54 Am Saf Raz . . ... . . 60 Anew Wool. 19 4, ... 19 % 19% Central L. . . . ... ... 10% Coca Cola 113% 110% 112 110% Cont Can. . 65 04! 05 05 Certaintoed... ... .. . > 54 Davis Chm 29% ... 29% 20% Dupont .. 242 % 241 243% 243 F Players .109% ... 109% 100% Gen Asphalt 70 75% 70 75 V Int C Engr. 52 % 61% 52% 51% Int Paper. . 61% . . . 51 % 51 % Ini Harv ..I 71 % 107% 171', 107% May Dp St 72% 72 72% 72 Mont Ward 118% 05% 08 05% Natl Lead 197% 190 197 195% Owen Bottle 79 ... 79 79% Radio . .. 47% 40 47 45*1 Real Silk .. 44 % 43% 43% 44 Rem Type. 40% 89% 40% 40% Sears Roeb. 55 54 54 V 53% United Drg 176 175 170 175 Univ Pipe. 31% ... 31% 31% USCIP 233 227% 231% 227 U 8 In Al.. 77% 7677 76% Woolworth 141% 140% 141% 140% Utilities— Am TANARUS& T 165 104% 165 165 % A Express 131% ... 131% 132 Am W Wk 81% 80 80 % 80 Brklyn M.. 64% 04% 64% 64%

Indianapolis Stocks

—May 13— Stocks Bid. Ask. Amer Central Life 550 Amer Creosoting Cos pfd ..101 .. Belt R R com 60 69 Belt R R pfd 57 44 ... Cent Ind Power Cos pfd ... 89 ... Cities Service Cos coni .... 4614 ... Cities Service Cos pfd .... 91L ... Citizens Gas Cos com 5! Vs ... Citizens Gag Cos pfd 106 ... Commonwealth Ln Cos pfd. . 100 Equitable Securities Cos com 51 ... Hook Drug Cos com 29 44 ... Indiana Hotel com 125 ... Indiana Hotel pfd 100 ... Ind Service Corp pfd 89 91 Indianapolis Gas 59 ... Indnls & Northwestern pfd.. 52 55 Indianapolis St Ry 3814 40 Indpls P and L 644 pfd .. 99*4 100 Indpls P and L 7s pfd .... 97 9814 Indpls Water Cos pfd 103 ... Indpls Water Wk Seeur pfd. 98 ... Interstate P Ser pr lien pfd. 100 Interstate P S 0s pfd 85 ... Merchants Pub Util Cos pfd. 100 North Ind Pub Service ... 92 % ... Progress Laundry com .... 23 .... Pub Sav Ins Cos 25 ... Rauh Fertilizer pfd 49 ... Real Silk Hosiery pfd 99 T It I & E com 3 ... T II I & E pfd 21 T H Trac and Lt Cos pfd... 90 Union Trac of Ind corn 1 Union Trae of Ind Ist pfd. .. 10 Union Trae of Ind 2d pfd. ... 2 Union Title Cos com 83 85 Van Camp Pack Cos pfd ... 85 . . Van Camp Ist pfd 89 van Camp Prod 2d 95 —Bank Stocks— Aetna Trust and Sav Cos. . . .115 Bankers Trust Cos. ..; 132 City Trust Cos 143 Continental National 116 Fafmers Trust Cos 240 Fidelity Trusts. Cos 163 .. . Fletcher American 170 .... Fletcher Sav and Trust Cos. .270 Indiana National Bank 261 270 Indiana Trust Cos 230 Livestock Ex Bank 163 173 Marion County Bank 310 . . Merchants Nat Bank . . . 325 Peoples State Bank 190 ! ! .' Security Trust Cos 275 State Savings and Trust ... 82 93 Wiion Trust Company . . . .415 Wash Bank and Trust Cos.. .160 ... —Bonds— Belt R R and Stockyards 4a 90 Broad Ripple 6s 80 "" Central Indiana Gas 5s 98 Cent Ind Power Cos 6s 103 Chic S B & N Ind 6s 33 37 Cttizens Gas Cos 5s 102 44 .. Citizens St R R 5s Gary St Ry 5s 88 qn i? Home T and T of Ft W 6s. .103 " Indiana Hotel 5s 99 * ’ * Indiana Northern 5s 2 , * Ind Ry and Lt 5s 95 Ind Service Corp 5s 93 44 Ind Union Trac os 3 Indpls Col & So 6s 99 ioi Indpls Gas Cos 5s 99 44 10044 Indpls & Martinsville 55.... 76 hi ‘ Indpls Northern 5s 24 25** Indpls & Northwestern 55.. 76 44 Indpls Power & Light Cos 5s 97 98 Indpls & S E 5s Indpls Shelby & S E 5s ? n 3 p ! 8 5* Ry v 6 4 44 66 Indpls Trac and Term 65... 95 96 Indpls Union Ry 5s 101 Indpls Water Wks Sec Cos. . 99 Indpls Water 544 s 103 *4 ... Indpls Water 444 b 95 44 Indpls Water Ist 5s 98 ... Indpls Water Wk second 6s. 100 ... Interstate Pub S 6s 102 44 ... Interstate Pub SBs 6 445.. 97 44 ... T H I & E 5s 88 ... T H Trac and Light ss. . . 99 ... Union Trac of Ind 6s 16 1844 —Liberty Bonds—--Ist 344 s 100.70 101.00 Ist 4**B 103.00 103.20 2d 444 s 160.00 100.30 3d 444 s 100.60 100.80 4th 4*4 s 103.60 104.00 U S Tr 4Us 113.70 114.00 U S Tr 4s 109.00 109.20 U § IT - 105 80 106.10 V STr 344s .ij.-.-f- 99.80 100.20

THE INDIANAPOLIS TIMES

Col G & EI 93 ... 03 92 % Cons Gas.. 101% 100% 101% 100 Jntcrboro .... ... ... 43 % No Am Cos.. 48% 47% 48% 48 Peoples G ... ... ... 140% Phila Cos 103 S Gas A El 68% 67% 58 57 % Wes Union ... ... ... 161 Shipping— Am In Cp.. 44% 44% 44%- 44% Am S & C.. . . 4% tlautic G. 35 ... 35 34 % In M M pfd 45% 43% 44% 44 United Fr. 132% 120 132% 129% Foods— Am Sugar.. .. ... ... 80% A B Sugar. .. 20% Austin N ... ... 4 % Beech N ... ... 52 % Calif Pkg. . 66% . .. 00% 06% Corn Prods. CO % 00 % .00 % 00 % Cuba C pfd... ... ~ . 42 % Cuba A Sug 24 % ... 24 % 24 % Fleischman. 57 % 56 % 67 % 50 % Jewel Tea.. .. ... ... 05% Na Biscuit 131% 131 131% 131% Punta Aleg ... . . 41 % Postum .. 00% 99* t 09% 98 Ward •Bk B 21 Tobaccos— Am Sumat. 52*4 ... 52 52'j A nice Tob... ... 131 % Am Tob B 130% ... 130% 130 Cong Cigars 80 % ... so % 80 Gen Cigars. 57% ... 57% 58 Liggett .. 123*8 . . 122% 102% I.oriliard. . . 20% 27% 27% 29% R J Rynlds 123 % . .123 122% Tob Pro B 100 90% 100 00% U C Stores. 89% . . 89 89% Schulte R 9 61% 61% 51% 53

Produce Markets

Butter (wholesale price) Creamery, best grade, a pound. 44 @ 46c. Butterfat—Local dealers pay 46c. Eggs—Strictly fresh delivered at Indianapolis. 17® 19c dot. _ <4. Poultry (buying prices)—Hens, large breed. 19@21c: Leghorns. 15 @ 17c; old roosters. 12c: springers, 1 % lbs. up. 28(U 30< : Leghorn springers. 23@25c; | ducks. 15® 18c; turkeys, young. 30c; old, 25c: guineas. 35c: geese. 10® 12c. herlabsolved IN COURT DECREE Lexington Receiver Says Firm’s Affairs Settled. A final decree winding lip the affairs of tho Lexington Motor Company of this city has been entered in Federal Court, according to announcement by William P. Herod, receiver for the defunct concern. In the decree handed down by the court Herod was absolved of any blame for conditions at the motor company and the court found that allegations Charging him with failure to perform his duties as receiver, and with acts of negligence, malfeasance, disobedience, etc., were all untrue, unfounded and incorrect. The decree continued: “The court further finds that said Herod has fully and properly accounted for all funds, property, moneys and assets of the Lexington Motor Company and the receivership which came into his possession. . . . And further finds that said respondent should be allowed and paid reasonable compensation for his' services as receiver.” , The decree then discharged Herod and the surety on his bond from any liability, and ruled that he should be allowed the sum of $27,850 for his services. Herod has already received the sum of $10,850, which payment was approved by the court and ordered that he be paid the balance of $17,000 cut of the funds in the hands of the receiver.

GOYERNMET SEEKS NEW BLIMP PLAN Proposed Dirigible Will Be Gigantic Air-War-ship. Bu United Press WASHINGTON, May 13.—Several men, not fliers, are waiting eagerly another aviation competition. There are competitors for the $50,000 prize offered by the Government for a design of the world’s largest dirigible for the United States Navy. All designs for the 6,000,000 cubic foot dirigible—two and a half times the capacity of the Los Angelesmust be mailed by Monday night. Several already have reached the Navy Department, one from a German. The bids will be opened next Frimiral William A. Moffett, Navy day by a board headed by Rear Adbureau of aeronautics abrief. \ The board will decide the winner by July 1. The dirigible, taking in at least two years to build, will cost $4,000,000. Congress appropriated $200,000 for beginning construction. Designs must provide for a minimum sustained flight of at least 130 hours at fifty miles an hour, which is over five days in the air without a descent. The maximum speed must be seventy miles an hour. The dirigible will carry from 20,000 to 25,000 gallons of gasoline and five airplanes. It will pick up flying airplanes by a trapeze swung underneath and re fuel them in the air. Like a mother hen, it could thus care for a whole flock of accompanying airplanes in military maneuvers. The Los Angeles was built in Germany and the ill-fated Shenandoah copied from German models. The British are now building two dirigibles which will be next in size to the American dirigible, each io be of 5,000,000 cubic feet capacity.

FOR FLOOD SUFFERERS Indianapolis Chapter, American fled Cross, asks persons who desire to contribute to the fund for relief of Mississippi River flood sufferers to fill out this blank and forward it with the contribution to: AMERICAN RED CROSS, 100 War Memorial Bldg.. 777 N. Meridian St„ Indianapolis, Ind. I am sending for the Mississippi Valley Flood Sufferers’ Fund. Name . Street City ,S Make checks payable to Frank D. Stalnaker, Treasurer.

REPORTS OF CROP DAMAGE AITRACT -BUYING IN WHEAT Short Covering Claimed Because of Advances in Corn Lately. Bu United Press CHICAGO, May 13.—Reports of crop damage from Oklahoma and parts of Kansas, together with claims of Hessian fly damage in Kansas are attracting more attention to wheat and inducing some buy ing. However, wheat at the moment has to withstand the influence of better weather, inactivity in export circles and spreading between other markets and other grains. With Liverpool about as expected, opening prices were unchanged to >4 lower than yesterday’s close. Much of the advance In corn of late is reported due to short covering, and many close observers in the pit believe this to bo well in, as indicated yesterday by the break of 1 cent from the top price. Opening quotations were unchanged to >4 lower than Thursday’s close. Receipts continue light and large stocks of old corn are decreasing moderately. Trade sentiment in oats continues bullish, based on a smaller acerage than expected, especially in lowa, and there is a dispostion to buy futures on all weak spots. Prices opened lower to % higher than tho previous close. There was a report late yesterday that 430,000 bushels cash oats had been sold for shipment to Buffalo, but was not confirmed. Provisions opened steady. Chicago Grain Table May IJs— WHEAT— „„ T*rrv. Hirh. Low. 12:00. row. Mav 1.42% 1.41 % 142% 141*, July 1.30 *2 1.35% 1.30*4 1.35% Sept 1.33 % 1.32' 1.33% 1.32% CORN— May .83% -81% .82 % .82 July 87% .80% .87% .80% Sept 89 *4 .88% .89*, .88*, OATS— May 49% .49*; .49% .49 i July 50% 49% .50 * j .49*4 Sept .40 % .40 % .46 % .46 % July 1.00*4 1 06% I.oo’, 1.00 % Sept 99% .98% .99% .98 % July .... 12.20 12.15 12.20 12.13 Sept 12.35 Mav 12.95 12.95 13.00 July 12.55 12.55 12.00

In the Sugar Market

(By Thomson A MoKmnonl NEW YORK. May 13—The demand for refined sugar recently ha* been described as disappointing. The weather ia thought to be largely responsible lor this. The trade is forming opinions as to the possible effects of any appreciable increase in the sale of granulated. The conclusion has been reached that refiners ar-> barely supplied to meet any emergency anil at the same time cover their melting requirements. Th foreign demand at present is of little help, so far as prices are concerned. 1 think, however, on the basis of the domestic situation alone, the prospects are encouraging.

649,000 QUIT U. S. FARMS FOR CITIES s ; Largest Exodus Since 1920, Research Shows—Re- ; duction Seen. Bu Times Special WICHITA, Kans., May 13.—Six I hundred forty-nine thousand persons moved from .farms into cities last J year, the largest decrease In farm population for any year since 1920, according to a survey of the research department of the Coleman Lamp Company made public here. At 27,892,000 “Number of persons living on farms in the United States the first of this year Is estimated at 27,892,000 as against 28,541,000 Jan. 1, 1926,” the survey states. “Something over 2,155,000 persons moved from farms to cities, towns and villages, while only 1,155,000 persons are estimated to have moved to farms. “Births on farms in 1926 are estimated at 658,000 and deaths at 287,000, leaving a natural increase of 371,000 persons, which reduced the loss due to the cityward movement to 649,000. , Conveniences Increase. “Marked increase, however, Os modern conveniences on the farm, including telephones, radios, safety gasoline pressure lamps, self-heating irons, automobiles, bathtubs and running water, as well as a higher standard of living, is expected to reduce considerably tho exodus from farms In the -uturo.” In 1925 there was a net loss of 441,000 persons -in the farm population of the country, the survey shows.

In the Cotton Market

(By Thomson A McKinnon) NEW YORK. May 13.—There was a nice profit in cotton Thursday for the early buyers. The advance would have gone further but for the heavy gales against cotton in the last hour. We need something new on which to base the next advance. Daily fluctuations will continue \o offer the trader excellent opportunities.

RUTH. JUDD REAR DEATH SENTENCE (Continued From rage 1) gray day as this, Mrs. Snyder might have been dofng the house work in her Queens Village home, having seen her 9-year-old daughter, Lorraine, off to school, but instead she was before the bar of justice, with death near at hand. dray stood only three feet from his former mistress, but their eyes never inet. His customary neatness was somewhat marred by a wrinkled cat and a collar that would not fit around his neck. This would have been a day for dray to call upon liis trade in upYork. “Here is something new in a eorsellette, madam.” ho might bo saying. But he, too, was here consequent to a love affair from which caution was absent. New Trial Denied Edgar Hazleton, counsel for Mrs. Snyder, removed his overcoat and stepped forward to the side of the grilled bench. He moved that the verdict be set aside and that anew trial he granted. His stated his grounds in an almost inaudible voice, and Mrs. Snyder, looking at him, obviously was unable to hear her attorney. Justice Scuddor, in tones that were almost kindly, overruled the motions. He then pronounced the sentence. Mrs. Snyder displayed no emotion,

tire prices are exceptionally new Diamond Tires will be so low you mond Tires are quality tires Apd have Your Old Tires Are Worth Money To Us

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save that reflected in her tensed muscles. It was then Judd Gray’s turn. His counsel, William Millard, made the same motions, which likewise were overruled. Pass Up Opportunity Neither prisoner took advantage of the opportunity the State permits them to give any reason why the death penalty should not be exacted. Attorneys for both stepped up quickly and spoke in behalf of their clients when Justice Scudder went through the gesture outlined by statute. After Gray had been sentenced, the prisoners and their guards made a lane*-through the crowd that had crept closer and closer as in Roman days the throngs clamored insistently to be “In at the death.” Ruth Snyder and Judd Gray were returned to their cells, with the promise that unless their sentences were relaxed, they should sit in a chair and suffer electricity to pass through their bodies until their hearts no longer heat. ‘COURTESY’ TRIP ENDS C. of C. Group Returns to City After Two Days, After a two-day courtesy trip through northern Indiana, twenty Indianapolis wholesalers are home today. The trip was fostered by the wholesale trado division of the Chamber of Commerce. The delegation traveled In two motor busses and Thursday visited Markle, Bluffton. Decatur, Berne, Geneva and Portland.

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PAGE 25

Jockey Fatally Hurt Bu United Press BALTIMORE, May 13.—Monte Edwards, Jockey, died from injuries received in a spill In the fifth race at Pimphco yesterday when his mount, M. H. Dixon's 4-year-old Palaiseau, stumbled and fell. It. Peternell, riding Corn Spirit, was injurech when his horso fell over Palaiseau.

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'Middle "West Utilities Company Notice of Dividend on Prior Lien Stock The Board of Director* of Middle West Utilities Company has declared a quarterly dividend, of Two Dollars ($2.00) upon each share of the outstanding Prior Lien capital stock, payable June 15. 1927, to all Prior Lien stockholders of record on the Company’s books at the close of business at 5:00 o'clock P. M., May 31. 1927. EUSTACEJ. KNIGHT, Secretory.