Indianapolis Times, Volume 39, Number 10, Indianapolis, Marion County, 23 May 1927 — Page 11
MAY 23, 1927
PORKERS START WEEK WITH DROP
EARLY DEALINGS FIND FIRMNESS t ON STOCK MART General Motors Nears Previous Record*—Steel Makes Advance.
Average Stock Prices
Average of twenty industrials Saturday was 17:1.00. up .31. Average of twenty rails was 135.00. off .05. Average of forty bonds was 97.56, unchanged. Bn United, Prcsn NEW YORK, May 23.—1n the face of a deficit in SaturdaVs bank statement and the outlook for firmer call money, stocks of the New York Exchange today were firm in early dealings, with United States Steel, and General both rising, the former coming within ’jo of its record. Call money renewed at 4 per cent. The new week started with considerable activity through the list and prices generally higher. Western Maryland furnished the feature of the railroad list, selling as high ns 54 in the early trading, up 5 points. Steel Common and the new "when issued” both w'ere higher. Great Western Sugar showed 2 points higher at 118 %, while Fidelity & Phoenix. Fire Insurance showed about a similar gain at 118. Better Tone Asa class, oil stocks were slightly better. Motors also showed improvement. Utilities were active in early trading w'ith some price gains. Sugar stocks, led by American Sugar and Great Western Sugar, came in for a good deal of attention in the forenoon dealings. American at 9312 was 1% and Great Western at 120%, up 3%. Punta Allegre, Cuban American, Guantanamo and South Porto Rico all advanced sharply in sympathy. The raw sugar market was firm and there was evidence of a good deal more confidence than during last week coincident with the return of warmer weather. Sugar Issues Sugar stocks have been under accumulation for some weeks by houses closely connected with the trade, particularly American Sugar and Great Western. American is reported doing much better than last year, with prospects excellent for the best earnings this year since 1922, when $12.10 was earned on common. Great Western, with its heavy inventory, should benefit from advancing sugar prices. The remainder of the list was firm, with new highs recorded ir. A. M. Byers at 74, International Nickel at 64% and Bangor & Aroostook at 99%. Mack Truck was active, advancing to 11776-
Banks and Exchange
INDIANAPOLIS STATEMENT —May 23 Local hank clearinsrs were $.7,625,000; debits, $5,912,000. NEW YORK STATEMENT Bn United Press NEW YORK, May 23 —Clearing. $510,000.000; balances. $96,000,000. FOREIGN EXCHANGE Bn United Press NEW YORK, May 23.—Foreign exchange opened steady.- Demand sterling, $4 S.J 5-16 up .00%c; francs. 3.91 %c; lira, 5.45‘/ic; belga. 1.7,89 c; marks, 23.68 c.
In the Sugar Market
(By Thomson & McKinnon) NEW YORK. May 23. —In some quarters of the. trade it is expected that offerings of Cuban raws at the 3%e figure will be plentiful; perhaps too large to be absorbed at that price. But the market has experienced such a condition frequently In recent weeks, so there is nothing to worry about. In fact, with further improvement for the statistical position in sight, now that Cuban production has practically ended, the situation, if anything, is stronger. I think futures will recover quickly from any minor setback, and 1 favor their purchase on such dips.
In the Cotton Market
(By Thomson & McKinnon) NEW YORK, May 23.—The flood news this morning mentions a hard rain all day tin southern Louisiana. Ido not know how ■ t sr east and west it extended. Ido not ~ see how prices can do anything but advance. unless the middle of the belt gets fair weather and the east and west get rains. That’s a pretty big order. Two ‘Peeping Toms* Break Sunday Rest Two ‘‘Peeping Tom” cases were reported to police Sunday night. Mrs. S. A. Hendricks, 1721 Ingram St., saw a man looking in and attempting to raise a window at her home. She believes he ran when she telephoned. Mrs. Lou Ferry, 1909 Lexington Ave., saw a man peering into her bathroom window. He ran before police arrived. Police searched around the home of Mrs. Elizabeth Luthmers, 1109 N. Tuxedo St., for burglars, but found none. Estate Awaits Woman Police sought a Mrs. Johanna Hoeffer today to tell her she has inherited an estate. A telegram from Sanford, Cal., signed by O. D. Strong, coroner, states that Bernard Freese, S9, died there and left the OKt&Ws. Police were able to locate but one family by*-the name of Hoelier, and they disclaimed relationship a/1 said they knew of no others by the name in this city. Four Drinkers Flee - When four men under the influof liquor entered the Floris BMcCammock barbecue, 6780 E. St., at 1 a. m. Sunday, George Walker, 6800 E. Washlng- , ton St., employe, told them no drinkjj ing would be tolerated. One struck ? him on the side of the face and the I quartet left hurried before a police NikiMm
Decline Unevenly 10 to 25 Cents—Other Changes Only Slight. —Hot: Price Ranee— May Bulk. Top Receipts. 16. 9.25 @ 9.90 10.00 5,500 17. 9.25 © 9.90 10.00 8.000 18. 9.50 @ 10.15 10.25 5.000 19. 9.50® LO. 10 10.10 7,000 20. 9.50® 10.00 10.00 7,500 21. 9.50® 10.10 10.15 5.000 23. 9.35® 9.90 10.00 6.500 After closing the week Saturday with good prices the hog market today opened 10 to 25 cents lower. The average loss was around 15 cents per hundredweight. The Chicago market was not settled but talking was 25 cents lower. Estimated receipts at the Indianapolis stockyards were 6,500, with 170 holdovers. Most sales were at [email protected], a few at $lO making Ihc top. Hog Price Range Some of the 160-225-pound porkers brought the top figure, but most of them went at [email protected]. Other quotations were: 225-250 pounds, [email protected]; 250-300 pounds, $3.35@ 9.60, and 300 pounds up, s9(fr 9.35. Pigs were unchanged from [email protected], while packing sows were steady to lower, going at $8 @8.50. Smooth light sows were qdoted at $8.75. Receiving a run estimated at 1,000, the cattle market was weak to lower on slaughter classes. Beef steers went at [email protected]; beef cows, $6.75@ 8.75. low cutters and cutter cows, [email protected]; bulk stock and feeder ' steers, [email protected]. Some Irregularity Calf prices were slightly uneven but generally steady. The bulk of a 600-head lot sold at $11.50 down, best vealers bringing sl2. Little change was made in the sheep and lamb market. Some spring lambs were [email protected]: ewes, s6@7. Top fat lambs were $16.50: bulk fat lambs, $12.G0@16, and bulk, cull lambs, sß@lo. —Hors — Receipts, 6,500: market lower. 90-130 lb so.oo® 9 75 130-160 lbs . 9.50® 9.90 1 160-200 lbs 9.75® 10.00 | 200-250 lbs 9.50® 9.85 —Cattle— Receipts. 1.000: market weak to lower I Beef steers $9.00 ® 11.25 Bulk stools and feed r steers. 7.25® 8.75 Beef cows [email protected] Low cutters and cutter cows. 4.25® 5.75 —Calves— Receipts. 600; market steady. Best vealers sll.oo@ 12.00 Heavy calves 6.00® 9.00 —Sheep— Receipts, 200; market Bteady. Top fat lambs $16.50 Bulk fat lambs 12.50® 16.00 Bulk cull lambs 8.00 @IO.OO
Other Livestock Bn United Press CHICAGO. May 23.—Cattle—Receipts, 30,000; few loads choice weighty steers, steady to 250 loweru others, including yearilngs, mostly 25c lower with spots 40c lower; largely steer run; fat cows, steady to easy is bulls, strong; vealers about steady; best heavy steers, $13.65, few loads sl3® 13.35: most gearilngs with quality and conditioned to sell at $9.50® 10.50: most fat steers, slo® 12; vealers. largely $9.50 ® 1.0.50 to big packers; weighty medium bulls, upward to $7.50. Sheep—Receipts. 20.000. fat lambs opening very slow, about 25c lower than Friday; desirable dry led clipped lambs early sl4® 14.5 ft, asking up to $14.75 for choice handyweights: choice arizona springers held above. $10.75; sheep, steady: desirable clipped ewes. $6.75®7.50; no feeding lambs sold, indications steady to weak. Hog —Receipts. 60.000: market, active trade, market 25 ® 50c lower; heavyweights. S9® 9.50: mediumw-eights, [email protected]: lightweights. $9.35 (if 9.80; light lights. $9.25® 9.80. packing sows. [email protected]; slaughter pigs, $8.75 @9.75. By United Press CINCINNATI, May 23.—Hogs Reoeipts, 5,300: holdovers. 100; market weak, 16c down; 250 to 350 lbs.. $8.75® 9.50; 200 to 250 lbs.. $9.50 @9.85; 160 to 200 lbs., $0.75 @9.90: 130 to 160 lbs., $9.75 @9.90; 90 to 400 lbs., [email protected]; packing sows, $7.75 @8.25. Cattle Receipts. 1,600; calves, 650; market steady t0.25c lower; veals steady; beef steers. $9 ®'10.75; light yearling steers and heifers. [email protected]; beef cows. s6@B: low cutters and beef cows, [email protected]: vealers, $8 ®, 1L; bulk Stocker and feeder steers. $8.50 ® 9. Sheep—Receipts. 650; market steady: top fat lambs. sl2: hulk fat lambs. $9 @l2: bulk fat ewes, ss@B; bulk feeding lambs. $5 @7. Itn Times Special LOUISVILLE. May 23.—Hogs Receipts, 3,300: market quarter lower: tops. $9.40. Cattle—Receipts, 1,250: market steady. Calves—Receipts, 800: market Steady: good to choice. [email protected]: medium to good, s6@B; outs, $6 down. Sheep —Receipts, *2,000; market 50c lower; springers, $16.50; second. sl3; sheep, $5.50 @6.00. Bn United Press , TOL^ED(4 May 23.—Hogs—Receipts, 1.000; market 25c down; heavies, $8.70@ aFSi. _,!™d*um. $9.36 @9.65: Yorkers, $9.70 @10; good pigs, $9.85 @10.35. Calves—Receipts, light: market steady. Sheep and lambs—Receipts, light; market steady. Cattle—Receipts, 100; market slow-. Bu United Press PITTSBURGH, May 23—Hogs Receipts t 5,000; market mostly 2(le lower; i’oO-aaO lbs., $9.25 @9.50: 200-250 lbs., $9.50 @10.25: 160-200 lbs., $10.25® 10.40; 130-160 lbs.. [email protected]: 90160 lbs.. $10.30 @10.40: packing sows, $7.50 @B. Cattle—Receipts, 600: calves. 1,600; market higher; calves 50c lower: beef steers. slo.uo@T2: light yearling steers and heifers. [email protected]: be.ef cows. $10®8.50; low cutter and beef cows, $3.50®5; vealers, sl2 @ls: heavy calves. sl2 @12.50; bulk stock and feeder steers, ss.ll>@ 11. Sheep—Receipts. 3,000: market steady: wethers weak; top fat lambs. $14.50; bulk fat ewes. s6@ll. Bn United Press EAST BUFFALO, May 23.—Hogs—Receipts, 1,200; hmoldovers, 498; market. 25 @ooc lower than Friday: 250 to 350 lbs.. $9.25@10; 200 to 250 lbs., $9.85 @10.25; iflO to 200 lbs.. $10.15 @10.60; 130 to 160 lbs., [email protected]; 90 to 160 lbs., SLO.SO® 10.75; packing sows, $8.25@9. attic—Receipts. 1,500; calves. 25; market, steady, calves, steady: market, steady, [email protected]; light yearling steers and heifers. $10.25@ 11.60; beei cows, $6.60 @8; low cutter and beef cows, s4@6; vealers, $12.50 ®, 13. Sheep—Receipts, 2,500; market, 50® 75c higher; top fat lambs, $16.75; bulk lat ewes, $10.50® 11.25; bulk feeding lambs, $6.50 @7.50. Bn United Press CLEVELAND. May 23.—Hogs Receipts. 600: market 10®36c lower; 250 to 350 lbs.. [email protected]; 200 to 250 lbs., $0.75 @10: 16(1 to 200 lbs., [email protected]; 130 to 160 lbs.. slo@ 10.26; 90 to 160 lbs.. $10.25; packing sows. [email protected]. Cattle —Receipts. 100: calves. 1,000; market slow, steady; beef steers. $0.75011; 'light yearling steers and heifers. $lO @10.76; beef cows. s7@B: low cutters and beef cows, $4.60 @6.75; vealers, sll (#12.50. Sheep—Receipts, 2.100; market steady; ton fat lambs. $14.75; bulk fat lambs. $13.60 @14.50; bulk fat ewes. $lO @l2' bulk feeding lambs. [email protected]. Station Robber Gets Watch, Chain Even the city hall ia not thiefproof. Fred Hoffrnark, 373 E. Morris St., reported to police today that thieves some time Saturday stole his watch and chain, valued at S6O, from the city clerk’s office. $50,000 to Clean Up Debris City council, at a special meeting at noon, after two hours of wrangling, appropriated $50,000 to be used by the street commissioner to clean up the debris left by the tornado in streets and alleys. Councilmen Edward Raub and O. Ray Albertson .voted against thp emergency appropriation. U. S. Ship Fired Upon Bv United Press LONDON, May 23.—The American destroyer Preble was fired on by Chinese from the south bank of the Yangtze River Friday, an admiralty communique said today. The Preble returned the Are. )
New York Stocks —l!y Thomson & McKinnon)
—May 23 . Railroads— Prev. High. Low. 2:00. close. Atchison ..183% ... 182% 183 Atl CstL.,lß3 181% 183 184% B& O ... 124 123% 123% 123% Can Pacific 183% ... 183% 184 C&O ... 182% 181 % 181% 182% C&NW . . 88% .. . 87% 88% CRt & P 106% 105% 105% 105% Del A Hud 210% 209 210 209% Del & Lack . . ... . . 163% Erie 53% 53% 53 % 53% Erie Ist pfd 59% 59% 59% 59% Gt Nor pfd 90 89% 90 89% Lehigh Val . . . . ... 123% Kl' Soilthn 54 53 ‘ 53 % 53% L& N ... 143% Jl3 143 143% M K & T.. 45% 44% 45 44% Mo Puc r>f 107 . . 106% 106% N Y Cent.. 15;;% 151% J.VI'J 152-V, NY NH & H 50% 49% 49% 49% North Pac. 89% . . . 86% 89*. Nor & VVn 180% ... 180% 180% Pcre Marq. .. ... ... 135', Pennsy ... 62% 62% 63', 63 Reading . 119', . 118% 119 S Railway 120 135% 125", i-> , % So Pacific- .114% 113 ", 11% lfa i „ St Paul ... 14 ... 14 14 i* St Paul pfd 34% . . 34% -’4 St L & SW 75% 74% 75 74% St LA SF 113% 113% | 13% 113% Lmon Pac 181 ... 180% 179% 'J.kbash 70% 69% 70 69% \\abash pfd 95 ... 95 05 Rubbers— Ajax 10% ... 1014 jo Fisk 17% 17% 17% 17'% Goodrich .. 58 57% 57% 56*4 Goodyr pfd 116 115% 116 116 Kelly Spgfld 33% 33', 33% U S Rubbr. 53% 51% 5-'% 50 Equipments—— A C and F . . ... jOS % Amer Loco 114 % 114% jj 4 % 1141, Am Stl Fd.v 45 . . —45 ‘ air; ■-Bald Loco . 213 210 0. •• 1 - •• Gen Elce ..98*4 97% ’os 97% Lima . . . co 1' N Y Airbrk 46% 11 ... 2 Pr Stl Car. 50 58% .-,'1% Pullman .189 % 1,88 % 188 % tSK' . Wsth A B. .160 % 160 I VI *, Wstli Elec. 76% 75% ; * Steels — * u Hot file .... 51% ...\ 50% 51 Colo Fuel. 88% 87 88', *7l; Crucible . . so 1, . mu xh ij Gulf St Stl.. 52 ~: . -V* 5, > Inland Stt. 47 “i 4714 47.%; • gftC& 141 U 41 % 41 \ 41 ,iS A„oy StCCl : 17;! '* !;-’<■ I*2*: 172 4 Vanadium. ... ‘ ' ' lZ Ts Motors— * 4 Am Bosch .14% ... ]t % i.l il Chandler . 2.3 % 33 a 4 ..4 * Chrysler ... 47*, 46% 46% 45% Cou Mot... 13% ... 13% 13% Dodgrc .... J4U ... -ill Gabrifl ... 4‘: ** 40 -4 ri jo j. Gen Mot.. 195% 193% 194'., 19.3% Hudson .. 85% 84 % 85% 85% Hupp 20% ... 30% 20% Jordan .... 18% ixi. isi I Mack .... 117 115% 117 116 ' I Mar-Parr ... 17 -Mo“ 8% 8% k i Nash 63 62 % 6" •> Packard .. 37% .36% 37 37 Peerless ... 36% . 36% 36% •'% Pierce-Arr... 18% ... jh% isi! Studebaker. 5.3% 5" V 53 4 Stew War.. 63 61 % 02 o'j 11 Timken .. 99% 98% 98*>, 98', Willys-Over. 31% 30 4 21 % *
MASON CLASS PLANNED To Be Initiated When Cathedral Stone Is Laid. Master Masons will have two opportunities to bo enrolled in the “corner stone class," initiation ceremonies of which will be conducted at the laying of the corner stone of the new Scottish Rite Cathedral on N. Meridian St. Plans for the stone laying are now being made and it is expected to take place at the sixty-second, semi-annual convocation and reunion to be held Nov. 28 to Dec. 2. Asa matter of convenience to many desiring to take degrees, Fred I. Willis, thrice potent master of Adoniram Grand Lodge of Perfection, announced that there will be a first section of candidates that will begin the degrees Sept. 28. Work will be continued on Wednesday evenings, Oct. 5, 12, 10 and 26; Nov. 2,9, 16 and 23, througli the twenty-ninth degree. The section will then finish the degrees at the convocation Dec. 2. The last date to present petitions for this section will he at a special meeting Monday evening, Sept. 12. KNIGHTS LAST SESSION St. John Order at Shelbyville— Parade Features Sunday. Bn Times Special SHELBYVILLE, Ind., May 23. Knights of St. John of eighteen southern Indiana commanderies are in the closing (Thy of their convention here. More than 2,000 persons attended the Sunday program, opened with mass at St. Joseph’s Catholic Church. A parade Sunday afternoon, led by 750 uniformed members, featured the opening day. Drill teams competed at the fairground. Delegates were welcomed by Mayor James A. Emmert. $2,300 for Storm Repairs Statehouse buildings and grounds committee today awarded the contract for repairing roof damage done by the tornado to H. C. Smithers Roofing Company, Indianapolis. Contract price was $2,300.
Local Wagon Wheat
Local grain elevators are paying $1.32 for No. 2 red wheat. Other grades are purchased on their merits.
Commission Row
TRICE TO RETAILERS FKL7I3 Apples—Box apples Winesaps. s.7@ •7.50. Extra fancy barrel apples—Ben Davis. $3.75@4; New York Baldwins. $4.25. Fancy barrel apples—Ben Davis. $3.50. Basket apples, 40-Ib. basketWinesaps, $1.60; Ben Davis. $1.25. Cherries California. $4.50 @5 box (8 % lbs.). Grapefruit—Fancy. $4.25. T.emons—California. [email protected] box. Limes—California. $3 per hundred. Oranges—California Valencies. crate. $3.25 06. Pineapples—Cuban. $4.2504.75. Strawberries Tennessee. [email protected] 24 quarts. VEGETABLES Asparagus—H. G. fancy white. 60® 90c doz.; green. 75c@$1 doz. Beans—Louisiana stringless, $2.25® 2.50; Louisiana pole, $2 @2.25 per hamper. *• Beets—Louisiana. $2 per hamper. Cabbage—Mississippi, $8 crate. Carrots—California. $2 bu.; Louisiana, $2 hamper. Cauliflower—Crate. [email protected]. Celery—Florida. 3 and 4-doz. crate, $5.50: Mammoth (washed), [email protected] doz. Corn —Texas. $1.60 bu. Cucumbers—Hothouse. 2 doz., $2.25: southern, $4 hamper. v'.ggnlant—Florida. $1.50 @2 doz. Garlic—California. 12%c lb. Kale—H. G.. 00c bu. Late Scpd Potatoes—Rural New York. 150 lbs.. $6 50: Kings. 150 lbs.. $6 50. Lettuce—lceberg, crt... $5: H. G. hothouse. $2.40 10-lh. basket. Mangoes—Florida peppers. $6 erale; $1.50 peck. Onions—Texas yellow. $3.50: H. G. green. 45** doz. Onion Sets—Yellow, $2.75 bu. Parsley—H. G.. 60c ner bunch. Peas—California. $2.25®2.75 hamper. Potatoes—Michigan whites. 150 lbs.. $6; Russet Burbanks. 150 lbs.. $4.50: Idaho bakers, $4.50 box; Triumphs. 100 lbs.. $5 50. Radishes —H. G. long red. 25@45e; hothouse buttons. 40® 50c. Rhubarb—H. G„ 30c do*. Spinßch—Texas, 85c bu. Sweet potatoes—lndiana Jerseys, bu., $2: Nancy Halls. $1.60 hamper. x
THE INDIANAPOLIS TIMES
While Mot.. 51 30 50% 49Vi MiojiK— Am Smelt 161% 160 100 160 , Anaconda . 40% ... 46 s , 46% Cer De Pas 61% ... 61 % 61% Inspir 18 ,17% 18 18 Int Nick.. 65 % 63% 65 63% Kennec 65% ... 64% 65% Tex GAS 60 ... 58% 60% U S Smcl. 37 ... 37 37% Oils— At Ref... 110 % Cal Pete . . 31% 31% 3*% 31 V, FRrecp Tex 68', 68 68 08 Houston ..139% 137 138% 138 Indpt Oil.. 18% ... 18% 18% Marland C. . .38% ... 37 % 30% Mid U Pc. . 31 % . . 31 % 31 Pa-Am P B 58', 57% 58% Phil Pc'c.. 43% 43 13 43% Union Oil. . 41 % ... 41 % 41 % Pure 0i1... 27 . 26% 26% R'y’l Dutch ... ... 50% Shell 28 ... 27% 28 Sinclair ... 17% ... 17*, 17% Skelly .... 26% ... 26% 26% S O of Cal 5.3% 53% 53% 53% S O of N .1 37% 36% .37 36% S O ol N Y .70 1 , 30 % .70 % 30% Texas Cos.. 47’, ... 47% 47% Trans P... 5% 5% 5% 0 Whi Eagle 1 Industrials— Adv Rum. . 14% 14 14% 14 Allis Chal 108% . . 108% 109% Allied Ch 143% ... 111% 143% Armour A. 18% 11% 11 % Aran Can.. 51 % 50% 50% 50% Am H L. . . 9 ... 9 8% Am H-L pfd 55% 53 55% 52% Am Saf R 49' s Am Wool.. 18% 18% 19 Central L. . 13 12% 13 12% Coco Cola 114% 113% 111 113% Coot Can.. .. ... ... 69% Cert Prods.... ... . . 53 Dav Chem. . 28 ... -IS 28 P'lpont ...243 % ... 293 143% Fam PI ..109% ... 108'. 109% Gen Asphlt 75% 14 % 75', Int C Eng 49% 48% 49% 5(1 lot Paper. 49', (<*% 10% lot HarV .188 184% 185% 183% May D Sta 72% .. 72% 71% Mt Wd.... 66% 06% 66', 66% Nat Lead. . . ... ... 197% Owen 80t... . . ... 79 Radio 47% 46% 47% 46% Real Silk 39 36% 37% 37 Rom Typo.. 12% ... 43% *3% Sears-Roeb. 54 % ... 54% 54%
Produce Markets
Butter (wholesale price! Creamery.! bes*. grade, a pound, 44 ® 45e. Buttcrfat—Local dealers pay 43 @44c. | Eggs—Strictly fresh delivered at Indian- | apolis. 17@18e doz. Poultry (buying prices)—Hens, large breed. 18@10o: Leghorns. 15® 16c; old roosters, 10e; springers. I % lbs. up. 28c: Leghorn springers. 20@32c; ducks.] 13®. 18c; turkeys, .voting 30c; old. 25c:' guineas. 35c; geese. 9@l2c. By Uni led Press CLEVELAND. May 23.—Butter—Extra in tubs. 441' Kle: 6rsts, 40® 41c: seconds. 38@ 39c: packing. 28c. Eggs—Extras. 25c: extra firsts. 24c: firsts. 21 %c; ordinary, 21c. Poultry—Medium fowls. 25®27c; heavy fowls. 25@27c: Leghorn. 132@23c; heavy broilers. 36®39c: Leghorn broilers, 264129 c; cocks. 15@17c. Potatoes—Round whites. 150-pound sacks ►Maine, 0; Michigan, $5 50 @ 5.75: Idaho russet bakers. 120-pound sacks. $4.60: Florida barrels. No. 1. range, $8.75: Ohio 60-pound sacks. SI.BO @2; Maine, twobushel sacks, $4.65. Bn United /’egg NEW YORK. May 2.2—Flour —Quiet and unchanged. Pork—Dull: mess. $34. Lard—Steady; middlewest. sl3 90® 13. Sugar—Raw> steady: 96 lesa. 4.90 asked: refined granulated. o.lo® 6.20 Coffee— Rio ®l7*.fc. Tallow—Easy: special to extras. 7%@754c. Hay—Easy: No. 1. $1.35; No. 3. $1.05® 1.20: clover. $1.05® 1.25. Dressed poultry—Quiet: turkeys. 25 ® 46c: chickens. 20@42e: capons, 30® 4tie: fowls, 12@31c: ducks. 18@23c: Long Island ducks 23 @ 24c. Live poultry —Quiet; geese 10® 12c; ducks. 12®2f>e; sow ls. 23@2*70: turkeys. 20® 22c: roosters. 15c: capons. 35c; broilers, 30'" ■lßc. Cheese —Dull: State milk, common to special. 27@ 28c: young America 25 a* 25 Vie. Butter—Steady: receipts. 7,009; creamery extras. 42 %c; special market. 4.7a,43%c. Eggs—Dull: receipts. 19.355; nearby white fancy. .33@34e: nearby State whites. 25®28%c: fresh firsts. 23 ®_24c: Pacific coast, first to extras. 28 a, 35e: v.-esetri whites. 35® 28c: nearby, browns. 28® 32c. Potatoes—Lope Island, $5.25 n 5.75; southern. T s.'l®9: Maine, $5.50® 7; Bermuda. No. 1. $7.50® 3. Sweet potatoes—Jersey basket. 50c@ $2.50: southern basket. $1.25@ 1.50. Bn United Press CHICAGO. May 23.—Butter Receipts. 17.588; creamery. 39 V, a, 40c: standards, 40Vic: firsts, 37@38%c; seconds. 34a, 36c: extras. 40%c. Eggs—Receipts. 53.428: ordinaries. 20020*,c; firsts. 21%® 22c: seconds. 18V, c: extras, 34 %c. Cheese —Twins. 22V,c: Americas. 23c. Poultry —Receipts. 3 cars: fowls, heavy 22 %e, small 23c; springs. 41c: ducks. 25c: spring ducks. 30c: geese, ,15c: turks. 23c: roosters. 14c; broilers' 32@33c, Potatoes— Old. 40: new, 80; on track, old 176. new 152: iu transit. 640: Wisconsin sacked round whites. $3.1003.25. mostly $3,100 3.30: Michigan sacked russet rurals, $3.20: Idaho sacked russets asking $4.75 @5. no sales reported: Alabama sacked Bliss Triumphs. [email protected]. mostly $4.60 0 4.60: Louisiana sacked Bliss Triumphs, one car. $4.40. Sweet potatoes—slo 3.
Indianapolis Stocks
—May 23 Bid. Ask. Amer Central Life 550 ... Amer Crcosoting Cos pfd ..101 ... Belt R R com 66 69 Belt R R pfd 58 Cent Ind Power Cos pld . . . 89 Cities Service Cos i om ... Cities Service Cos pld . . Citizens Gas Cos com 5.7 .‘ 5 Citizens Gas Cos nfd 106 . . Commonwealth Ln Cos pfd.. 100% ... Equitable Securities Cos com 51 ... Hook Drug Cos com 29% ... Indiana Hotel com 126 ... Indiana Hotel pfd 100 ... Ind Service Corp pld 87% ... Indianapolis Gas com 60 Indpls & Northwestern pfd. .52 ... Indianapolis St Ry pfd .... .79 40 Indpls P and TANARUS, 6Vis pfd . . 99 100 Indpls P and L 7s pfd 103 ... Indpls Water Cos pfd 103 . . * Indpls Water Wk Sceur nfd. 98 ... Interstate P Ser pr lien pfd. 109 ... Interstate P S 6s pld 84 ... Merchants Pub Util Cos pfd. 100 ... North Ind Pub Service pfd . 92% ... Progress Laundry com .... 23 Pub Sav Ins Cos 25 ... Rauh Fertilizer pfd 49 Real Silk Hosiery pfd 99 T H I & E com 1 T H I & E pfd 21 T H Trac and I.t Cos pfd. .. 90 % ... Union Trac of Ind com 1 Union Trac of tnd Ist pfd. .. 10 Union Trac of Ind 2d pfd. ... 2 Union Title Cos com 87 ... Van Camp Pack Cos pfd ... 5 ... Van Camp Prod Ist pfil f. 88% Van Camp Prod 2d pfd 95 —Bank Stocks— Aetna Trust and Sav Cos. ... 115 Bankers Trust Cos 1.72 ... City Trust Cos ...145 ... Continental National 116 ... Farmers Trust Cos 240 ... Fidelity Trust Cos 162 ... Fletcher American 170 ... Fletcher Sav and Trust C0..270 Indiana National Bank ...262 270 Indiana Trust Cos 7.70 Livestock Ex Bank 162 172 Marion County Bang 210 ... Merchants Nat Bank 325 Peoplrs State Bank 190 ... Security Trust Cos 275 State Savings and Trnst ... 83 92 Übion Trust Company ... 415 ... Waah Bank and Trust Cos. . .160 ... —Bonds— Belt R R and Stockyards 4s 90 ... Broad Ripple 5s SO ... Central Indiana Gas Os 98 . .. Cent Ind Power Cos 6s 10.7 Chic S Bend & K Ind 5s .74 Citizens Gas Cos 5s 102% Citizens St R R 5s 85% 87 Gary St Ry 5s 88 90% Home T and T of Ft W 6s. .103 Indiana Hotel 6s 99 ... Indiana Northern 5s 2 ... Ind Ry and Lt 5s 95 ... Ind Service Corp os 92 % ... Ind Union Trac 5e 3 ... Indpls Col & So 6s 99 101 Indpls Gas Cos 5s 100% ... Indpls & Martinsville 55.. . . 76% ... Indpls Northern 5s . 24 28 Indpls & Northwestern ss. . 76 % ... Indpls Power & light Cos 5s 97 98 Indpls St Ry 4s 66% 67% Indpls Trac and Term 55.. . 95 96 Indpls Union Ry 5s 101 ... Indpls Water 5%s 10.7% ... Indpls Water Ist 5s 98 ... i Indpls Water 4%s 96 ... liMpls Water Wk See Cos 6s. Kill ... Interstate Pub S Hs 102% ... Interstate Pub S Bs 6% s. . . 103 % ... \ 'nil Pub Sew Cos os 91 T H T & E 5s -..88 T H Trac and Light 5s 99 Union Trac of Ind (is 16 Qi % —Liberty Bonds—--Ist .7 % s 100.90 101.00 Ist 4*4 s 10.7,10 103.24 2d 4%s 100.30 100.50 3d 4% 8 100.92 101.00 4th 4%* c ~ 104.00 104.16 US Tr 4%s I. 114.18 114.38 USTr 4s 114.18 114.38 US 8r 3%s 109.16 109.32 US Tr 3%s 106.30 106.48 ■ Sales—a, pMies -
UNEVENNESS SEES IN AT OPENING OF TRADE IN WHEAT Corn Unchanged to Higher and Oats Displays Irregularity. Bu United Press CHICAGO, May 23.—Although unsettled weather prevailed over most sections of the xvheat belt over the week end and continued no better today, traders were inclined to be a little cautious and prices opened ’aC lower to %c higher than the previous close. AU interests in the trade Is centered on weather and crop conditions in the American and Canadian northwest, particularly in G:e latter, where estimates on seeding range from 23 to 80 per rent. Reports on wheat from the Texas Panhandle -and Oklahoma and parts of Kansas are less favorable and some drastic outs in probable yields are being re|orted py Southwestern wheat men and private crop estimators. / Weather continued as a bullish ittAlienee in corn and prices opened unchanged to <%c higher than Saturday's close. Those bullish on corn are firm believers that there will be a short crop this year and that prices are to range higher. Oats opened %c lower tq %c higher. Although unfavorable crop reports, combined with the strength in wheat and corn, has helped strengthen cat values, advances are. taken advantage of and higher prices are hard to maintain. Provisions opened lower. Chicago Grain Table WHEAT— ~~ M * T rrer. High. Low. 12 00. , los". M".v 145 144 1.44% 1.44% July 1.41% 140% 1.41 140 Sept 139% 1.37% 1.38% 1.37% CORN— M> 89 1 , .88% .89 .88'. July 92', .90 % .91% 91 % Sept 94 % .93 .94 .93 % OATS— May 48 V, .48 .48% .48', July 49% .49% 49% .49% Sept 47 % .10 % 4 7 .46% RYE— May 1 10% 1.10 110% 109% July 1.09 1 08% 108 Sp ?ard'“ 101 ” 4 101 101% 1.00 May 12.27 12.35 12.37 July 12.35 1 *’.32 12 47 Se W- la - 5 * May 13.00 12 90 1.700 July 13.00 1.7.00 13.05 Sept Bn Timex >nre in I CHICAGO. May 2.7.—0ar1015: Whrat. 0 com, .75; oats. 48 rye. 2. Bn Times Bpreinl CHICAGO. Mav 23.—Primary receipts Wheat. 1.104.000. again® 1.012,000 corn. 4.78,(810, against 523.000: oats. 593 - 000. against 662.000 Shipments: Whrat. 512,000. against 302.000: rorri 274 000 against 061,000: oats, 302.000 against 799,000. WIND DAMAGE LOWERED Inofficial Estimate Made by Insurance Men. Belief that accounts of property losses in the east section of the city as a result of the tornado Wednesday night are exaggerated, was the expression of local insurance men today. Companies are busy compiling losses and it will be several days before mast of the firms have any accurate idea of what their individual losses are. Some firms are planning to make general estimates of the damage done. Unofficially, several insurance men said they did not believe the loss throughout the entire city was more than $1,000,000. Others estimated the stricken area damage $200,000 to close to the $1,000,000.
STATE OFFICIAL MOURNS Father of Treasurer Grace Irbahns Dead at McCordsviUe. Bruce Banta, father of Mrs. Grace Banta L'rbahns, State treasurer, died of a stroke of apoplexy Sunday night at the Urbahns home, McCordsville. Funeral services will be held on Tuesday with burial in Crown Hill cemetery here. Besides Mrs. Urbahns, survivors are a wife, two sons and two other daughters. They are W. O. Banta, Indianapolis; Willard, Shelbvville; Mrs. Mason Oivans and Mrs. Peter Limley, Indiana Harbor, CRASH DRIVER BURNS Hits One Car, Sideswipes Another, Turns Over, Then Death. B’l T nited Pm* v WASHINGTON, May 23.—Fleeing from a motorcycle policeman after crashing into one car, a motorist sideswiped another, struck a ditch near Dickerson, Md., and burned to death when his wrecked machine burst into flames. The body might be that of James B. Pace. 26. Richmond. Ya.. who disappeared Friday, or that of Pace's chum, Hudson Ford, also of Richmond. Liquor was found in the car. WHITE GIVEN DEGREE Lawyer, Graduate of Berea, Honored by School Edward F. White, legal editor of the Boobs-Merrill Company, will be awarded doctor of laws degree by Berea College, Kentucky, at its commencement exercises next Monday. White graduated from Berea •College in 1881. He recently spoke before the college student body Heavy Quake Recorded Bu I nil>il Pres* LONDON, May 23.—A severe earthquake believed by officials ,to have occurred in eastern China was registered at 11:50 last night at the Kew observatory here. The quake, about 4,700 miles distant, continued for four hours and was of severity comparable with the quake of March 7, 1926, which caused large nm&M £
EX-CITIZEN SAYS CITY SHOULD HAVE MANAGER Former Murat Head, Now Cincinnatian, .Believes IndianK apolis Would Benefit by Plan.
“The city manager'form of government unquestionably would be a good thing for Indianapolis,” declared Nelson G. Trowbridge, formerly manager of the Murat Theater. Trowbridge, now manager of the Shubert and Cox Theaters nt CinFORTY HOURS OF DEVOTIONS NOW OEM HELD HERE Chicago Pastor in Charge of Services at Little Flower Church. Forty hours’ devotions is now being conducted at the Little Flower Catholic Church, Fourteenth St. and Bosart Ave., by the Rev. Ignatius Hamill of the Jesuit Order of Loyola University in Chicago. The devotions began Sunday morning and will close Tuesday night at 8 o’clock, with the Indianapolis Catholic clergy and the children of the Little Flower school taking part in the procession. The priests’ choir of Indianapolis will take part in the final service of the devotions. Regular services of the devotions today and Tuesday are scheduled for 6, 7 and 8:30 o'clock in the mornings.
TEACHERS GIVEN PAY INCREASES New Schedule Holds $35,000 to Annual Pay Roll. Indiana grade school teachers will receive an increase in salarj%of approximately $55,000 for their work next yea,r. The inerese is the result of anew salary schedule approved by the school hoard today which places grade teachers on an equal plane with high school instructors, provided they have equal uualifications. Under the new schedule the grade teacher will he enabled to earn a maximum of $2,800 per year, |BOO more than at present. More than 500' teachers are affected by the new ruling. More than 400 are now eligible for an increase. BATH INQUEST STARTED Launch Quiz Into Fatal School Explosion. By United Press 4 BATH, Mich.. May 23.—Albert Bath school board member, at the inquest today into the Bath school disaster, which cost fortyfour lives, testified that Andrew Kehoe, alleged dynamiter of the school, did wiring work on the building last summer and also had the contract for laying some tiling. "There was some friction last year between the board and Kehoe over the high cost of tiie school.” Dctloff assarted. "Kehoe also disliked to have Superintendent Huyck attend the meetings.” HELEN THRICE MISSING Father Asks Police to Iteturn Her From “Short” Walk. „ For the third time Helen Kiefer, 16, 1048 Bellevieu PI., is on the police missing person list. Her father, Elmer Kiefer, asked police to search for her Sunday, after she failed to return from a short walk Friday afternoon she told her sister she was going to take. When last seen she wore a blue suit, light hose, black slippers and pink hat. J RIVERSIDE PARK OPENS 25,000 Estimated Attendance at Amusement Place. The formal opening of Riverside park for the summer Saturday and extending over Sunday drew 25,000. It was estimated by park officials. Saturday was made a red-letter day for patrons by free rides and fireworks. Everything was free, for the adniinssion charge to the park has been abolished this season. All . concessions in the park are now in operation except the new Cinderella dance palace, and it will probably be ready by Saturday night, when another display of fireworks will be given.
BELLANCA FLIGHT OFF; BYRD SEEKS NEW GOAL Lindbergh’s Successful Dash Causes Abandonment of Other Paris Flights.
Bn United Press NEW YORK, May 23.—While the world still celebrated Capt. Charles A. Lindbergh's flight to Paris today, one of the rival planes which had lieen preparing for a similar flight folded up its wings, so to speak, and the crew of the other began poring over geographies to fiJld some place else to go. The Bellanca njonoplane, Columbia, ended its haphazard career as a near trans-Atlantic contender when G,_ M. Bellanca, its designer, definitely withdrew from all connections
cinnati, which has operated under the manager form of nearly two years, praised the businesslike form on a visit here last week. “The change has done remarkable things for Cincinnati under the administration of Col. S. I. Sherrill, city manager,” said Trowbridge. Colonel Sherrill did not seek the place, hut was selected by the Cincinnati commissioners, Trowbridge pointed out. Sherrill fprmerly was a civil engineer and is a high type business man. The best man gets Ihe job under the manager plan. It makes no difference whether he be Republican or Democrat. “There is a business-like attitude at the Cincinnati city hall now and the administration is not bossed by politicians. Politics are practically nil at present. “From every standpoint the manager form could be called a success. Theater interests are entirely satisfied.”
LINDBERGH HAS MORE TO STAND l-Knew-Him-Well Club in Session, While U. S. Awaits Hero. Bi' I nited Press WASHINGTON. May 23. Ts Charlie Lindbergh lives through the wild homage and ovations of Paris he has more coming to him when he I gets home. He will get everything his old ] home town, Washington, lias to ! give—from the congressional medal of honor up and down. President (X'olidgc is expected to greet him, though not as the French president did, by kissing him. The 1-Knew-Him When Club was in full swing today. “Sure. I went to school with •ChCfese.’ Ah, we called him that ’cause his name was like limburger. They can t touch him now.” Some Mistake His English teacher at the Friends school here. Miss Elizabeth Marshall. though there must be some mistake. “Why, I can't believe he is tdoni tical with the Paris flier; he was ] such a slender, delicate pupil,” she ! said. 1 According to MaJ. Clarence D. Young, his commander at the rcI serve corps school at Kelly and I Brooks fields, Texas, it was instinct or a sort of special sight that got ! Lindbergh through that 1,000-mile , hail storm in mid-Atlantic. “Homing Pigeon” I “Instead of being called ‘Lucky,’ ! they should cal' him ’Homing i Pigeon Lindbergh,’ ” Young said. : “He has the natural instinct of a i bird ” , Besides the congressional medal i of honor, lie is expected to get the I new distinguished flying cross I which President Coolidge recently gave the Pan-American fliers. FOUR STORES ENTERED Burglars Get Away Willi Ixiot In One Block. Looting of four stores in the 3700 j block E. Thirtieth St. was reported |to police today. Loot totaled several hundred dollars. The thieves broke iu rear doors. John Schafer, proprietor of a fruit store at 3731, and Jeffries Hahn, me.at market proprietor at 3737, were unable to estimate their losses in fruits and moats. Louise Ross reported sls in money and $8 xvorth of pies, cakes and tobacco taken from her bakery at 3733. and E. Miles. 3735, reported tools worth sl4 stolen from his barber shop. DEATH OPENS AIRPORT Aged Muskegon Mother Sees Son Fall From Parachute. Bn United Press MUSKEGON. Mich., May 23. Tragedy marked the opening of the West Michigan airway port here yesterday, when Milo (Dare Devil) Webster, 33, Grand Rapids, leaped j to his death in a parachute jump. The parachute opened perfectly, but Webster lost his grip. Mrs. May Webster, his 82-year-old mother, and two sisters, were present. WHITE RIVER IN BANKS Weather Bureau Reports Drop to 7.6-Foot Stage. White River had dropped back in its banks and stood at 7.6 feet this morning, according to the local United States Veather bureau. The river stood at 18.1 feet Friday when It broke out of its hanks and flooded adjacent lowlands.
president of the Columbia Aircraft Corporation, sponsor of the flight, announced the plane would be left ln its hangar indefinitely. Meanwhile, Commander Richard Byrd and his crew sensed that an attempt to fly to Paris in their threemotored Fokker plane in the wake of Lindbergh's one-maij flight in a onemotored plane would be an anticlimax, even if it succeeded.*' The flight was not definitely abandoned, hut Byrd and 'his associates were known to be considering a flight either, to Spitzenbergen or to Hono-
PAGE 11
MANAGER DRIVE FUNDS NEEDED. VONNEGUT SAYS Committee Has Been Paying Expenses—City Aid Solicited. Coincident with the enlargement of its finance committee the city manager campaign committee today issued a plea for additional funds to carry on its work. “It will require funds to carry this campaign to a successful conclusion,” Franklin Yonnegut, finanee committee chairman, said. “We have to maintain n headquarters office, with telephones, clerical help and a secretary. “We have to have printed matter, petition blanks, poll books, literature for workers. We hope to be able to put Information on the city manager plan into every home in the city. l I’aid Most of Expenses Members of the executive commit lee have paid most of the expense.' of the organization up to now. Vonncgiit explained, hut it is planned to give all those interested in tin campaign an opportunity to aid. The committee has spent nboui SO,OOO since April 1,3 025, Vonncgut said. “Our civil city spends $10,000,009 annually out of taxes,” Vonnogut. said. "In addition, it executes a lot of public work which is charged against the property. Efficient handling of this enormous business will save millions in Indianapolis just ns It has done in Cleveland and Cincinnati.” On Committee Members of the finance committee are A. E. Baker and Frank T. Manly, vice chairman; Robert Winslow. Mrs. Jack Goodman, Fred Moke. Samuel O. Trimble, Mrs. Jack If. Rhoades. Joseph Rand Beckett, Harold Rudd, Dwight Ritter, L. C. Breunig, .1. Frank Holmes. George Newton, Thadeus Baker, William J. Greemvoood, Lee Burns, Woods Caperton. Carl Wagner, William E. Osborn. George A. Van Dyke, F. C. Thompson, L. D. Bell, Paul L. McCord, C. G. Jecquart, F, C. Cash, Ij. V. Sheridan, Emmett David. Henry Ij. Dithmer, Thomas P. Woodson. Arthur Bohn, J. Goodall and J. R. Thomas. The city manager form of go\ eminent more nearly represents all classes of a city’s populace than any other form, Dwight Ritter told the Colored Baptist Ministerial Alliance today. No Discrimination The Negro population will not he discriminated against by this Government. he explained, answering statements made by city manager opponents. Mrs. Lehman Dunning spoke before the Irvington Union of Clubs at Irvington M. E. Church. Homer Borst, executive secreUiry Community Fund, will address the Boosters Club, Bethany iJhristlnn Church, Minnesota and Quill Sts., at 7:30 p. m.
REMY SILENT ON NEXT PROBE MM More Witnesses to Be Quizzed by Prosecutor. What future moves Prosecutor William 11. Remy and his aides will take In the probe into alleged political corruption were not disclosed today. Several witnesses were called laßt week and liemy said more will bo called, but lie declined to comment on the possibility of affidavits being returned. Affidavits charging Mayor Duvall and bis brother-in-law, City Controller William C. Buser with fraud in making out election statements and Duvall with violation of the corrupt practices act were filed last Tuesday. The officials are at liberty under $5,000 bond each. They will be arraigned before Criminal Court Judge Janies A. Collins June 0. Throughout last week members of the Jlorsethicf Detective Association and city officials were called, in addition to heads of several local business concerns. Remy indicated the probe was centering around activities of the 1926 primary and election. That certain purchases by officials during this administration also are under survey will constitute a. large part of the continued probe, It i understood. During the rotirsa of the investigation last week Frank Sipe, county constable was called. The Time.-, said Sipe was a ‘‘former” constable which was erroneous. New York Plans Its Big Charlie Acclaim NEW YORK.- May 23.—Enabled by its sheer numbers to out-greet any city in the world. New York today set about preparing a welcome to Capt. Charles Lindbergh destined to )>e as unprecedented ns was the feat which made him a nation's hero. Mayor James J. Walker probably will be fared with enough suggestions of entertainment to provide an engagement for Lindbergh every day of the rest of his reckless life. The thunderous cheers which met Admiral Dewey on his return from Manila and Gertrude Ederle after she had mastered the English Channel are .expected to pale In comparison. If, as is now indicated, Lind bergh returns from Paris on the leviathan he will arrive hem June 6, leaving two weeks to eomplete plans for New York’s adulation. McCracken at Purdue Bill nited Pre***• LAFAYETTE, Ind., May 23—William P. McCracken, assistant secretary of commerce for aviation and an outstanding aviation figure, will he a gueet at Purdue University tomorrow. He wil addrese the aenlor ——v*— •
