Indianapolis Times, Volume 39, Number 14, Indianapolis, Marion County, 27 May 1927 — Page 21

MAY 27, 1927

HOGS ESTABLISH STRONG TENDENCY

INDUSTRIALS AND RAILS ACTIVE ON STOCK EXCHANGE Carrier Stocks With Merger Possibilities Score Good Gains.

Average Stock Prices

Average of twenty industrials Thursday was 171.31. off 20. Average of twenty rails was 136.88. up 1.28. Average of forty bonds was 07.42, unchanged. Ru United Press NEW YORK, May 27.—Industrial stocks returned to favor in early trading on the New York Exchange today, while railroad shares, particularly those with merger possibilities, continued to score substantial gains. Trading was active. Money conditions showed little change with call loans renewing at 4% percent. Standard railroad isssues were active and strong, New York Central going to 15414, a gain of a point, while Pennsylvania was up %, at 63%. In the industrial group Replogle Steel showed marked strength at 12%. f Dividend Gossip There has been considerable gossip about the possibility of a dividend on Warren Foundry and Pipe Corporation stock. This is the company that was formed to take over Replogle on the basis of one Warren for two Replogle. But it is doubtful whether the directors plan any immediate action. Replogle in the first quarter showed only a narrow margin of profits, but maintains a strong position with working capital equal to nearly three-quarters the market price of the stock. Marine L’r International Nickei was another at 68%. Marine preferred con- j tinued to seek higher territory, selling at 51%. New York Central reached anew top around noon. Atchison and Wabash both came within a fraction of their previous tops. Abitibi Power and Paper advanced to 97%, also 1 anew high. Canadan interests expect the stock to be placed on a $6 or $7 basis soon. Alcohol stocks were strong, United States Industrial Alcohol following the lead of National Distillers Produtcs.

Banks and Exchange NEW YORK STATEMENT Ru T nilrd Press NEW YORK, May 27—Clearings. $90!.. 000.000: balances. $118,000,000.

In the Sugar Market

(By Thomson & McKinnon ) NEW YORK, May 27. —This morning's reports on sugar consumption are a little more encouraging. The Middle West is apparently feeling the pffects of warmer weather in some sections for new buying lias developed there in the past few days. The sugar markets while firm, are disposed to await improvement ill demand. Futures have moved within a narrow range for weeks and should be in readiness to respond to further signs of increased seasonal buying. Not much activity is to be fxpected preceding the holidays.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK, May "7.—More liquidation Thursday, but it looked speculative and "as of great benefit to the market. A lons range weather prophet who more than a year ago predicted the bull market in corn i "hich we have seen is on. records that the first week in June will bring very bad weathpr. I say frankly that, i think his i predictions have scientific facts behind them. Any way the cotton market is a solid affair and looks ready for another advance. Buy it. SLAYER GETsTTfE TERM 'iouth Bend Negro Admitted Murder of Two. r.it United Press SOUTH BEND, Ind.. May 27. i.ife imprisonment was the penalty meted out here today to Henry Robinson, 40-year-old Negro evangelist, for double murder. Robinson pleaded guilty to killing Jesse Ross and his wife, both Negroes, last February. Sentence was passed in Circuit ourt here today. Previously, a sanity commission found Robinson had the mentality if a 10-year-old child. AUTO THEFT CHARGED >t:ng Man Makes Denial—Three Companions Back Him. Louis Pollock. 21, of 3026 N. apitol Ave., faced charges of , ehicle taking today. Pollock, with another young man and two girls were at Day’s Casino, When arrested by a special policeman, who noticed their suspicious actions. He called Detectives Irick and Giles, who questioned the youths and found the car to be one stolen from Vermont and Meridian Sts., property of James S. Watson, 3942 N. Delaware St. The (dree with Pollock denied knowledge that the car was stolen. BRIEF IN REED PROBE Vare-YVilson Ease Settlement “Very Soon,” Is Hope. Bn United Press WASHINGTON, May 27.—Hope that the pending Philadelphia litigation over the Reed committee’s Pennsylvania. election investigation would be settled "very soon’’ was expressed today by Senator King (Dem.), Utah, committee member. King and Assistant Sergeant-at-Arms Jerry South, of the Senate, have just sent to Philadelphia a lengthy reply brief supporting the committee's suit to obtain contested ballot-boxes in a test case of the Vare-YVilson senatorial contest. The brief probably will be filed in Federal Court today.

Calves, Weak to Lower, Only Other Livestock to Change. —Hog Price Range— 1 May Bulk. Top. Receipts. 20. 0.50 ® 10.00 10.00 7,500 21. 0.50 ® 10.10 10.15 5.000 23. 9.35® 9.90 10.00 6,500 24. 9 00® 9.65 9.75 10,000 25. 8.90® 9.65 9.55 9.500 26. 8.75® 9.50 9.55 7,600 27. 8.75® 9.55 9.60 7.500 After checking the decline in the hog market by reriiaining unchanged Thursday the trend was steady to strong today. The fresh run of 7,500 was the same number as the previous one, from which 1,352 were held over. This is the second consecutive day holdovers have exceeded 1,200. The tendency of porkers at the Indianapolis Union Stockyards was in accord with Chicago's market, which was strong. Most sales at the local livestock exchange were at [email protected], some lights bringing a top mark of $9.60. Hog Price Range Quotations based on the four weight classes were: 160-225 pounds ( [email protected]; 225-250 pounds, $9.20® 9.40; 250-300 pounds. [email protected], and 300 pounds up, [email protected]. Pigs sold at $9.50 down and sows at $8 @8.50. The cattle market was steady, receipts approximating 1.000. Beef steers were [email protected]; beef cows, $6.75@9; low cutters and cutter cows, [email protected]; bulk stock and feeder steers, [email protected]. Turns Weak i Calves were steady to 50 cents lower, practically offsetting Thurs- | day’s advance. Good and choice kinds sold from $11.50 up to the top of sl2. The sheep and lamb market was slow in developing, opening with the appearance of being fully steady, later settling that way. Top fat lambs sold at sl6; bulk fat lambs, $12.50@16. and bulk cull lambs, $8 @lO. Estimated receipts were 400. —Hogs— Receipt* 7.000: market steady !n strong 90-130 lbs $8.75® 9.25 130-160 lbs 9.00® 9.50 160-200 lbs 9.25® 9.55 200-250 lbs 9.15® 9.45 250 lbs. up 8.75® 9.25 —Cattle— Receipts. 1.000: market steady Beef steers . . $9.00®. 11.75 Bulk stock and feeder steers. 7.25® 8.50 Beef cows 0.75® 9.00 Low cutters and cutter cows. 4.25® 5.75 —Calves— Receipts. 1.100: market weak to lower. I Best vealers $11.50 ® 12.00 i Heavy calves 6.00® 9.00 1 —.Sheep— Receipts. 400; market steady. Ton fat lambs $1.6.00 Bulk fat lambs 12.50® 16.00 Bulk cull lambs 8 00® 10.00 Other Livestock Bu Times Special LOUISVILLE. Ky„ .May 27.—Hogs—Repoints, 1.000. market, steady: tops, $9.25. C'attli—Receipts, 200: market, steady: good to choice, $8.50® 10.50: medium to good. 86® 8 down. Sheep—Receipts, 1,100: market, lambs 25c lower; others steady; springers, sl6; seconds, $12.50; sheep. $5 @6.

FLOOD COVERING 200 SQUARE MILES Louisiana Thousands Are Homeless. Hu United Press NEW ORLEANS, La., May 27. Additional acres of point Coupes parish were under flood waters today as the relentless flow from the crevasse on the Atchafalaya River swept over the district. More than 200 square miles are inundated. Rescue workers today abandoned efforts to save livestock in the lower parts of the parish, A canvass is being made to determine how many of the Acadian farmers.remain. Efforts will be made to remove them before the full flood tide. Rowbaots and small power boats removed hundreds of persons stranded on high ground and in upper stories of their homes. No fatalities have been reported. 14TlT TRADE GATHERING TO ADJOURN Foreign Commerce, TSflff! Among Subjects Dis—j cussed. Bit United Press DETROIT. Mich., May 27.—Tlje World Trade onvention neared tlje close of its fourteenth annual session here today following sele<jtidrr of Houston, Texas, as next y&VL conclave city. Thursday’s session of the coM4jition was' largely devoted to tlje tariff problem, in which several foreign speakers attacked the American tariff laws, pointng out that as a result the American foreign trade was suffering. Roy D. hapin, chairman of tlie Hudson Motor Company board, addressed a special group meeting today, discussing “motor influence in foreign trade.” At another group session bankers explanied facilities for foreign traders. with J. A. H. Keer of Los Angeles, Wilbert YVard of New York and P. A. Fernandez, Cleveland, occupying the speakers’ stand. The final session today will be pre sided over by John D. Ryan, president of the Anaconda Copper Company. Auburn Gets Order 77 >' ' " ■> r,-, , • AUBURN, Ind.. May 27.—The Saf-T-Cab Corporation has placed orders with the Auburn Automobile Company for 225 taxicabe to be delivered before July 1. it was announced here today. Beloit Coeds Can”t Smoke /* " T’vi'rtJ p) BELOIT. Ytis., May 27.—Regardless of action li\ other schools, Beloit college will retain its traditions and refuse to permit coeds to smoke.

New York Stocks - —"Bj Thomson & McKinnon)

—May 27 Railroads— Frev. High. Low. Close. close. Atchison ..185', 183% 185 183 At Cos L . . 188 sii 187% 188%, 188 B & O ...123% 123 123% 123 Can Pac 184% C & O ...187',2 187 187 187 C & N W . . 87 % 86 % 87 % 87 CR&P .106% 105% 106 105% Pel & Hud 211 210% 211 211% Del & Lk .165 ... 165 165% Eric 55 % . . 55 % 55 % Erie Ist p/d 61% 61% 61% 61>I Gt No pfd 90 % . 90 % 90 % Lehigh Val 125% 124% 125 124% K C South 69 58% 58% 57% L & N ...143% ... 143% 143% M K & T. . 51 % 50 51 49% Mo Pae pfd 106% 105 015% 104% N Y On .155% 153% 155 153% N Y NH&H 51% 50% 51 .50% No Pacific. 88% 88 88% 88% Nor k W .186 184% 184% 185% Here Marq 137% . . 137 137% Pennsy .. 6.3% 63% 6,3% 152% Reading ..118% 117% 118% 117% South Ry .130% 129% 1.10% 129% South Pav 115 111 % 114 % 115% St Paul... 15 14% 15 14% St Paul pfd 24% 24% 24% 24% St I, A S W 81 % 80% S0 % SC, \ St L& S F 11.3% 113 11.3% 11.3 Union Pae 178% 177% 178 178 % Wabash . . 74% 70% '4 -O Wabash pfd 95% . . 05% 95% Rubbers— Aiax 9% . 9% 9% Fisk .... 17 % 16 % 17 16% Goodrich .. 58% 57% 56 57% Goody pfd 115% 115% 115% 115% Kelly-Spg. . 22 . . 22 21 % U S Rub.. 51% 50% 50% 51 Equipments— Am Ck F 100% 108** 109 108*1 Am LOCO ..114% 11.3% 114% 11.3% Am Stl Fd 45 . . 4.5 45 Bald Loeo .219% 216% 219% 217 Gen Elec ..101 100% 1"0 % 106% Lima 70 .. 70 70 % N Y A Bk 45% 45% 45% Pr Stl C... 58 56% 58 15% Pullman ..198% . . 193% 193% Wsth A B 163 . 162% 101*. Wsth Elec. 76% 75% 76 76% Steels— Bethle . . 50% 50% 50% Cole Fuel. S.OM 88% 89 88% Crucible ... .• 88 Gulf St Stl . 52 Inland St! 46 45% 46 (5% V R C & I 4.3% 41 % 4.3% 42 Ren Stl . 67 Sl-Shef .. 1.30 129% 1.30 128% I' S Steel. 1 7.3 % 172 % 173 % 173 % Alloy 27 % ... 27 % 27 % Vanadium .45 ... 45 45 Motors— Am Bosch. 14% 14 14% 14 Chandler ... . . 22% Chrysler 46 45% 45% 45% Con Mot.. .12 ... 12 12 Dodge .... 22 % . 22 22 % Gabriel . 42% 41% 42 11% Gen Mot.. 149% 119.3 191 193% Hudson ... 81 % 80% 81 % 81 % Hupp 20% . . 20 20% .lordan ...17 . 17 17 Mack . . 116 % 114% 116 % 115% Mar-Parr ... ... 17 % Moon ... . 8 % N'a6h 65% 6.3% 64 % 63% Packard ... 36% 36% 36% .36% Peerless .. 27% . . 27% '.'6% Pierce Ar ..16% 16% 16 Studebkr... 51 % 51% 51% .41% Stew War. 61 % 61% 61 *-> HI Timken ... 99 98% 99 Willys-Over. 20% 20% 20% 20% White Mot.. 18 17% t 8 47 % Mining— Am Smelt. 160% 1.49% 160 159 Anaconda . 45% 45% 1.4% 45% Ccr De Pas 60% . . 60% 60% Inspir ... 15®* . 15% 15% Int Nick.. . 68 67 % 68 68 Kennee . 64% . . 61% 64% Tex G & S 60% 59% 60 59% U 8 Smelt .36% . 36 36% Oils— At Kef . .112 111% 111% Cal Pete.. 24% 24% 25 Prop Tex. 68% 66 % 67 66% Houston .140 138% 139% 138 hidpend Oil 19 ... 19 19 Marland Oil 38’* ... 381* 38% Mid Con Pet .31 % ... 31 31 % P-A Pete B 58% ... 58% 59 Phillips ret tt% ... 14% 41% Union Oil. 43% ... 43% 43% Pure Oil . . 27 ... 20% 26*. Royal Dutch . ... . . 49% Shell 27% 27% 27% '.’7% Sinclair . . 17% 17% 17% 17* Shelly .... 27-% ... 27 % 27% S O of Cal 54 % . . .44 .4 4 % C O of N .1 .37 . .36** 36*. S O of N Y 30 % ,30% 30** .30% Texas Cos .47% ... 17", 17% Trans Pet. . •% 6% 6% 5% Industrials—■ Ad Runjelj ... 12' Allis dial 109% 109% 109% Allied Chm 111 Ml 113 s , 139 % Armour A. 10% 10% 9% Amer Can. 50% . 19% 50 19 A H arid L 10% . in% 10 A H & 1, pf 59% 50 59% 58 % Am Saf Raz . . . ... 49

Ani-v Wool 17% !7% 17% 17% Central f. 15% ... '15% 16 Tom Cola 112% ... 112% 112% j Font Can.. 67% 66% 65% 66% Certainteed. . ... 53% I Davis Chm 31 % 31 % .31 % i Dunont .. 2 43% .’4,3% 243% 344 % F Players .109% 109 109% 109 Geri Asphalt 71 % . . 77% 77 Int C Eiur 47 46% 46% 46 I ipt Pappr.. 40 41 40% 10 I Int Harv ..182% 182 182% 181 May Dp St 72% . . 72 % 72 Moat Ward 67% 66% 67 65% Natl Load 197 . 197 196% Ow n Bottle 78% . 78% 79 Radio 40 Vj -48% 49 L, 55% Heal Sill: . . 30% .36 38 36% Rem T.vp. . 42% 41% 42% 4-’ % Sears Rorb 54% 5.3 % 54% 53% United Drg . . ... ... 175 Univ Pipe.. .31 .30% .31 .30% u S C I P 2.39 .. . 238% 236 > • USIn A1 70% 74% 75*’ 74* Woolw ~ . . ... ... ]44 Utilities— Am Tk T 167% ... 167 % 167% Am Exp ..1.38 . . J3B 1.37 L. Am W IV. . 84 % 84 % 84 % 84 % Brklyn Man 62 . 63 61 % Uni (i & E 98 97 % 98 f7 % Uons Gas '10.3 % 10.3% 103", ]O3L. Interboro.. .. ... ... 37 % No Am Cos 5(1 49-% 19'" 49% I '’copies G 111 % ... ill'.. 140 % , Pliila Cos ... * 105 % Is G k E! 58% 58% 58% 58% West Un ..161% . . 161% 163% Shipping— Ant In Corp 50% 49% 50 48% Am S k C.. 5% 4% 5% 4% Atlantic G. 39 38% 39 30% In M M pfd 62 50% 50% 48% United Fr 135 131% 134% 1.31% Foods— Am Sugar. 95% ... 95 94% A B Sugar. 33% 21% 23% 2,3*. Austin N. . 4 % ... 4 V 4*4 Beeoli 53 ... 52 51 Cal Pkg. . 64 63 % 64 64 % Corn Prods. 59% 58%, .>9% 59% Cuba C nfd 42% . . 42% 43 Cuba A Sug So 35 25 % Fleischmann 58 57 % 57 % 57 % Jewel Tea.... ... ... 64 ' Nat Biscuit ... . . 132% Punta Ale 42 41 % 12 42% Postum .. 99% 98 % 99', 98% W Eli 8.. 22% ... 22% 21% Tobarooa— 1 Am Puma. . 52 Va ... 51 53 aAm Toh ..135 ... 1,34 % 1.36 Am T B. . 1 ... ... 1,34 % Cons Cigars 79 ... 79 79

Local Wagon Wheat

Local grain elevator* are. paying $1.35 lot No. 3 red wheat. Other grades are purchased on their merits

Commission Row

’ ' 'TRICE TO RETAILERS KRLITS —Box applet Winetape. s3® farcy barrel applee—Ben Davis. F a.ney barrel apples—Ben Davis. s.l ® 3.50. Basket apples. 40-lb. basket— Bsm Davis. $1.25 <@1.50. Bananas—s<&!<Se lb. .Cantaloupes—California standard crate, $8: pony crate. $7. Cherries California. $4.50 @5 box (B's ibs.). Grapefruit—Fancy. $0.75 ® 4 Lemons—California, #5.75®0. Limes—California. $0 oer hundred. _ 'l'jiners—California Valencias. crate $3.25 @6.25. Pineapples—Cuban —$3.50® 4 crate. Strawberries—Tennessee. $4.5005 24 qts VEGETABLES , Asparagus—ll. G. fancy white. 60 000 c doz.: green. [email protected]. Beans—Louisiana stringless. $2.25® 2.50: Louisiana pole. [email protected] per hamper. Beets—Louisiana. $2 per hamper. Cabbage—Mississippi, $8 crate; Virginia, half-barrel, $4.25. Carrots,—California. $2 bu.: Louisiana. $2.50 hamper. . Cauliflower—Crate. $2.25®2.50. Celery—Florida. 3 and 4-doz crate. $O- - (washed). [email protected] doz. Corn—Texas. $1.50 doz. Cucumbers—Hothouse, $1.50 doz. Eggnlant—Florida. $1.5002 doz. Garlic—California. 12 He lb. Kale—H. G.. 00c bu. Lettuce—lceberg, crt., $5; H. G. hothouse. $2.40 15-lb. basket. Mangoes—Florida pepper*. $7 crate: $2 peck. Onions—Texas yellow, $3.50: white. $4 crate: H. CL, green. 45c doz.; Egyptian. 100 ibs.. $8.50. Onion Sets—Yellow. $2.75 bu. Parsley—H. G.. 60c per bunch. Peas—California. $2.50®3 hamper. Potatoes—Michigan whites. 150 lbs.. $8: Russet Burbanks. 150 Ibs.. $4.50: Idaho •bakers, $4.50 box: Triumphs. 100 lbs.. $5.50. Radishes—H. G.. long red. 25® 46c: hothouse buttons. 40®60c. Rhubarb—H. G.. 30c do*. Spinach —Texas. 85c bu. Sweet potatoes—lndiana Jerseys, bu.. $2: Nancy Halls. $1.50 hamper. Tomatoes*—Six-basket crt.. $3®5.50.

THE INDIANAPOLIS TIMES

Gen Cigars . . ... ... 60 Liggett ...117 ... 116% 116 Lorillard .. 29% .. 28% 28% R J Rey ..113% 112 111% 13.4 Tob P B .100 98% 100 98 TJ Cig Stor 87% 86% 87 86% Schulte R S 52% .i. 52% 52%

Indianapolis Stocks

—May 27 Bid. Ask. Amer Central Life 550 ... Amer Creosoting Cos pfd . . .101 104 Belt R R eom 66% 69 Belt R R pfd 58 Cent Ind Power Cos pfd... 92 95 Cities Service Cos eom ... 45% ... Cities Service o pfd 90% ... Citizens Gas Cos com 54 54% Citizens Gas Cos nfd 106 ... Commonwealth Ln Cos pfd..100% ... Equitahle Securities Cos com 51 Hook Drug Cos com ........ 29 % ' ... Indiana Hotel com 125 ... Indiana Hotel pfd 101 ... Ind Service Corp pfd 87 % .. . Indianapolis Gas com .... 60 64 Indpls k Northwestern pld. .52% ... Indianapolis St Ry pfo ... 40 42 Indpls P k L % pfd ... 99% 99% Indpls P and T. 7s pfd. . . . 99 103 Indpls Watpr rn pfo . . . 103 . . , Indpls Water Wk Secur pfd. 98 •nterstate P Ser pr lien pfd. 100% 106 Interstate P S 6* pfd ... 86 % ... Merchants Pub Util Cos pfd. 100 North Ind Pub Service pfd 9-3 96 Progress Laundry com .... 23 ... •Pub Sav Tns Cos 2 ... Ranh Fertilizer pfd 49% .. Real Silk Hosiery pfd 99 T H I k E com 2 T H T k E pfd 21 T H Trac and Lt Cos pfd... 92 Union Title Cos com 82 92 Onion Trac of Ind com 1 Union Trac of Ind lt pfd. Union Trac of Ind 2d pfd. ... 2 Union Title Cos com 82 ... Vail Camp Pack Cos pfd ... 5 ... A'an Camp Prod Ist pfd . . 88% 98% Van Camp Prod 2d pfd 95 •Ex-dividend, $23. < —Bank Stocks— Aetna Trust and Sav Cos. ... 1 15 120 Bankers Trust Cos 132 City Trust Cos 145 ... Continental National 116 ... Farmers Trust Cos 240 Fidelity Trust Cos 162 ... Fletcher American 170 ... Fletcher Sav and Trust Cos. .270 Indiana National Bank . .264 270 Indiana Trust Cos 230 Livestock Ex Bank 162 172 Marion County Bank 210 ... Merchants Nat Bank 325 ... Peoples State Bank 190 Security Trust Cos 275 . . state Savings and Trust . , . 9ft Union Trust Company ....415 ... Wash Bank and Trust C 0... 160 ... —Bonds— Belt R R and Stockyards 4s 90 ... Broad Ripple 5s 80 ... Central Indiana Ga ... . 98 ... Cent Ind Power Cos 6s .1(12% ... Chi S Bend k S Ind 5s . 33% ... Citizens Gas Cos 5s 10;' . . . Citizens St R R S 86 87 % Gary St, Ry os . 88% 90% Home T and T of Ft W Os. . 103 ... Indiana Hote-1 5s 99 ... Indiana Northern 5* 2 ... Ind Ry and Lt 6s 95 ... Ind Service Corp 5s 92% ... Ind Union Trac 5s 2 ... Indpls Col A So 6s 99 Ift] % indpls Gas Cos 5s lftft 102% .'ndpls A Martinsville sis ... 79 81 Indpls Northern 5s 24 28 Indpls & Northwestern ,s*.. 79 81 Indnls Pow and Lt Cos 55.. 97% 98% Indpls St Ry 4s 67 68 Indpls Trac and Term 55... 95 96 Indpls Union Rv 5s 101 Indp'* Water 5%* 103'-, 104% Indpls Water Ist 5s 98 ]Ol Indpls Water 4%s 96 Indpls Water Wk See Cos 6s. 10ft Interstate Pub S6* 102% ... Interstate Pub SBs 6% *...103% ... N Ind Pub Serv Cos 5a 97 ... T H I k E 5s .88% 89% T H Trac and Light ss. ... 99 ... Union Trac of Ind 6s 17 18% —Liberty Bonds—l?t 3%• lftft.9ft 101.10 Ist I%s 10.3.16 10,3.2 ft 2d 4%s lftft 3ft I 0ft.40 3d 4% lOO.Bl 1 ill 06 4th -4 % s 1 04.00 104 -JO U S. Tr I% a 114.00 114 .20 U $Tr 4* 109.06 109.24 USTr 3% • 106.26 106,36 L S Tr ,3%s 99.90 100 00

I. G. C. AUTHORIZES WOADnN Two to Issue Bonds, Third Acquire: Trackage. Bu l nited Press WASHINGTON. May 27.—The Illinois Central Railroad and the Chicago, St. Louis & New Orleans Railroad were authorized by the Interstate Commerce Commission to issue $17,350,000 cf joint first mortgage refunding 4Vi per cent bonds to pay off maturing indebtedness. /•’ •• r nitrd Press WASHINGTON, May 27.—The Erie Railraod was authorized by the Interstate Commerce Commission to issue $50,000,000 of refunding and mortgage 5 per cent gold bonds. Bu United Press WASHINGTON. May 27.—The Chicago, Rock Island & Pacific Railway received permission from the Interstate Commerce Commission to acquire twelve miles of railroad in Freeborn County, Minnesota, from the Minneapolis ft St. Louis Railway. Ford Smiles at His * 15,000,000 th Car Bu United Press DETROIT, Mich., May 27. —Thirtyfour years ago a 30-year-old engineer of the Detroit Edison Company received an increase in salary to S3O a week, a bouncing baby boy, and completed a funny looking motorized buggy-bicycle. Then this struggling engineer resembled most other engineers, excepting that in his spare time he spent hours “putttering’’ about in his workshlp behind the house. Yesterday this engineeer, Henry Ford, viewed with his once bouncing boy, Edsel, a review of his life’s work. There was at moments a suggestion of forlorness in the world’s only billionaire, well hidden, however, beneath a smile as he chatted with friends whle the fifteen millionth offspring of his automobile —ormed its way down the assembly line. 5 IN MINE DEAd7BELIEF Explosion Entombs Men in Pennsylvania Shaft. Bu United Press YVILKESBARRE, Pa., May 27. All hope has been abandoned for the rescue alive of five miners entombed in the No. 3 Woodward shaft of the Glen Alden Coal Company. They were Imprisoned yesterday Afternoon, following a gas explosion in which two men were killed outright and twenty-five injured. Destruction of the fanhouse ended hope. A fresh explosion today threw persons residing near the mine into panic. The explosion occurred just as rescue workers were changing shifts. Two men at work near the mouth of the mine were injured and the air shaft was blown to bits.

WHEAT ADVANCES MOST ON CHICAGO BOARD OF TRADE Smaller Gains Scored by Corn and Oats as Pit Opens. Ru t niltd Press CHICAGO, May 27.—Due to lack of leadership and with apparently no new factors to change prices, a nerovous and erratic market in wheat is looked for on the Chicago Board of Trade today. With Liverpool somewhat higher than expected and with weather conditions over the Middle West unsettled, opening prices were lc to 2*c higher than the previous close. There is apparently strong leadership in corn, although sentiment as a whole Is decidedly mixed. With unsettled weather still prevailing over most of the belt and reports from lowa and South Dakota indicating much reseeding necessary, opening prices were l%c higher than yesterday's close. Provisions were higher. Oats continues very slow and its action is disappointing t'o holders. l*ack of outside interest is the big drag on the market. Quotations opened s *c to He higher than Thursday’s close, mainly in sympathy with other grains. Chicago Grain Table —May C* WHEAT— Pr , v w . Open High Low CIos". clour My 1 62% 1.64% 1.51% i 54 i 16V July 1.46 % 151 1.46%* 156% 45' 1 1 I7*, 142% M*v. *91% 95% Ht>, 95% on July 94% 98 1* 94% 97% 91 Sept. 96% 1.00% 96% 1 Oft 95 OATS— j May. .49% .50% .49 .50% 49 July. .50% .52% .50% .52 Sent ..48% .50% .48% .50% l,\ LARDJuly 12.45 12 65 12 45 12 82 12 32 Sept 12.60 12 85 12.60 12 82 12 55 RIBS— May nominal 12.50 12 00 ft YE May 1.19 1.19% 1.19 1.19% 116 July 1,15% 1.17% 115% 116*, J. 13% Sept 107% 1.09% 107% 108% 105%

Produce Markets

Rutt-r (wholesale prirel Creamery, beet grade, a pound. 43®44c Buttertat—Local dealer* pay 42c. Ee-gs—Strictly fresh delivered at lndianapoli*. 16® 18c doz. Poultry i buying price*) Hen*, large breed. 17@18c: Leghorn*. 15®17e: old rooster*. Sin 1 oc: springers 2 lb*, up. 30e: 1 % to 2 lbs . 25 ft 30c: Leghorn blacks and small. 20®22c: ducks. 14® 18c: geese. 8 ft 12c: guineas. 35c: turkeys, young toms and henj, 25c; old toms. 20c. Bu I'nitrd Press NEW YORK. May 27—Flour—Inactive and unchanged. Pork—Firm; mess. $34. Lard—Steady: Middle West. $12.75® 12.85. Sugar—Raw firm 06 test 1.86 c. refined firm; granulated 6.10ft6 20c. Coffee—Rio No. 7. 15 44c: Santos No. 4. 16% ®l7%c. Tallow Easy: specials to extra, 7%ft7%r. Hay—Weaker; No. i, $1.25 ft 1.30; No. 3.81.95 ft 1.1(1. Clover—sl ft 1.20. Dressed poultry—Steady: turkevs. 25ft 46c chickens. 20ft 42c; capons. 3ft‘® 48c: sow ls. 12 f£29c: ducks. 18 ft 32c Long Island ducks 23ft 24c. Live poultry —Steady: geese. 10ft 12c; duck*. 12ft,25c: fowl*. 23® 28c turkey*. 20 ft 22c: roosters. 15c: broilers, 20 ft Pic. < liccsc Steady; State milk common to special. 27 ft 28c: Young America. 26c Rutter Firmer: receipts 16.118: creamery extras. 42 % ft, 42 %c, laiecial market. 43 %ft 4.3\e. Eggs—Unsettled, weak; receipt*. 39.592: nearby white fancy 2ft.34e; nearby State white. 26931 c: fresh firsts, *3% ft 23c; Pacific <y>ast first to extras. 2 Bft3oc; western white*. 25 ft 27c: nearby „ JL 7 2?c. Potatoes—Southern. $2.50 @8.76: Maine. $5ft6.75: Bermuda no- I. $8.50 @9- Canadian. 90-Ib. sack*. $2 66 @2,75. Sweet potatoes—Jerseys, baskets, 600 @52.50 Bu l nit ret Press CLEVELAND. May 27.—Butter—Extra in tub lots. 43%@45%e: firsts, 31V% ft 40%e; seconds. 37% ft 58%o: packing stock. ~8o; prints in one-pound cartons. 1 to 3 cents a pound above tub quotation* s*gs—Extras. 23%e; extra firsts. first*. 21c; ordinary, 10%c. Poultry—Medium fowls. 26® 27c: heavy fowls, ,5 ft 26c; Leghorn fowls, 22 ft 2.1 c: heavy broilers. 35®38c; Leghorn broiler*. "8 ft 30c: cocks, 15ft 17c; ducks. 28 @ ,30c: geese. 1. ft 18c: spring ducks. 31 ft 32c. Potatoes— Round whites. !sft-lb. sacks Maine. $6: Michigan. ss.soft 5.75 Florida hArrels, No 1. <8.50: Ohio. 60 lb. sacks sUsoft 1.75 Main" 2-bu. sacks. $4 75 100-lb. bag Triumph*. $5 0 5.25: South Carolina slat-barreled cobbler*. $8 25

Gone, but Not Forgotten

Automobiles reported stolen to police belong to: E. L. Cord. Auburn, Ind., Auburn, stolen from Washington St„ *and Capitol Ave. Max P. Gelman, 1624 Bellefontaine St., Marmon, from Maryland St. and Capitol Ave. Bert Witham. 810 N. Colorado Ave., Essex, from garage in rear of that address, Neeley McDuffce. 2914 E. Michigan St„ Essex, 48-233, from Washington and Alabama Sts. William H. Ranes. 3810 Speedway Ave., Chevrolet, from New York and Illinois Sts. P. M. Baston, Sanborn. Ind., Ford, 529-234, from Ohio and Meridian Sts. S. C. Hamilton, 1720 College Ave., Ford, 508-287, from St. Clair and Davidson Sts. L. L. Leary, 1446 Central Ave., Ford, 28-160, from Market and Alabama St. BACK HOME AGAIN Automobiles reported found by police belong to: James S. YY’atson. 3942 N. Delaware St., Kissel, found at Emerson and Southeastern Aves. George Ryan, 341 S. Walcott St., Ford, at 315 YYL Ohio St. Loren Stringer, 2310 N. La Salle St., Fqrd, at Meridian St. and Indianapolis Union Railway. Henry Morgan, the private, maroonefi a mutinous crew, together with some women captives, on the isle of Saba in the Dutch West Indies. Sturdy descendents of the colony still survive.

WEEK END RATES for 8>> DE S$ A ™ N^ Terre Haute Indianapolis & Eastern Trac. Cos. All Week-End Excursion tickets sold all day on Saturday and Sunday, May 28 and 29 will be good for the return trip up to and Including Monday, May 30. One Fare Plus Ten Cents for the Round Trip

She'll Represent Marion County

piflp *

Mary Beatrice Whiteman, 17, of 354 W. Twenty-Ninth St., Shortridge High School junior, has been chosen delegate of the Marion County Young People's Association to the Lake Geneva iWis.) National Conference on Religious Education in August. Miss Whiteman is a member of Capitol Ave. M. E. Church.

DEWEY ONCE HAD U. S. AT FEET LIKE CHARLIE But Mighty American Caesar Fell at Hand of Fickle Personality, Then Cheers Become Jeers.

Times W nshin'itnn Bureau. 1.12? Vc*c York Arenue WASHINGTON'. May 27.—As the | Nation acclaims Charles Lindbergh, 1 the capital remembers another hero, George Dewey. Twenty-eight years ago this May all America was at the feet of the man who in one battle had vanquished the pride of the Spanish armada. In two years the cheers ha a turned to jeers. For seven clay.s following the battle of Manila, May 1, IS9B. the Nation was without authentic report of the outcome. .Second Adored When complete account did arrive Americans abandoned themselves to a hero worship never before equaled and not rivaled until a boy aviator, after a comparable period of suspense, dropped out of the stars into Paris. Like Lindbergh, Dewey lingered in a foreign country while his countrymen rushed preparations for a stupendous home celebration. It was seventeen months before he had finished his job and ’he landed in* New York in September, 1899. New Yoik Wild New York banked the piers and roofs as the hero stepped ashore and it filled the streets as he marehed under a great triumphal arch i!4 Fifth Avenue to receive a golden loving cup, the city's official tribute. In his ears rang Dewey songs and before his eyes danced newspaper headlines to make a Caesar envious. A hundred lesser cities clamored for his presence and Congress voted him a sword of honor and the rank of admiral cf the Navy, an honor never before accorded. In less than a month he made his first mistake. His countrymen wished to present him a home in Washington. The committee called upon him to ask what kind of a home he would most desire. He said lie wanted a home with a small dining room to seat some eighteen persons. There was a rumble. A hero might have a nation at his feet, but a dining room for eighteen persons was a bit too much. Tn two months he made another mistake. He got married. The AYRES MAN HEADS ADVERTISING CLUB Sydney Sullivan Chosen— Special Election Thursday. Sydney A. Sullivan, L. S. Ayres & Cos. sales promotion director, is new president Indianapolis Advertising Club, elected Thursday night. Henry C. Thornton, Jr., was reelected treasurer. No vice president was named after Jesse E. Hanft withdrew as a candidate. Directors are Ed W*. Hunter, Don U. Bridge, Frank B. Planner and Humbert P. Paganl. A special election will be he\d Thursday to select a vice president. Officers will be insjalled June 30. Detroit Wants G. 0. P. Bu I lilted Press WASHINGTON, May 27.—A Michigan delegation, headed by Governor Fred W. Green, urged President Coolidge today to use his influence to have the 1928 national copvention in Detroit. Green declared anew auditorium larger than the Coliseum in Chicago is now being constructed and $250,000 is being raised to afford accommodations.

MUSSOLINI SEES SELF CAESAR DF ‘GREATER ITALY Roman Dream Has 20,000,000 More Population, Fewer Wine Shops. Bu I'nitrd Press ROME, May 27.—A new Italy, “with a changed complexion and a new soul" and a population of 80,000,000 Instead of the present 40,000, is envisaged by Premier Mussolini, and he expects to be the head of it. “My successor has not yet been bom,” he told the Chamber of Deputies in a speech outlining the internal and foreign situation. To Enforce Rights “Between 1923 and 1940, Europe will i resolve its crisis, and Italy will then be in a position to enforce its rights," file exclaimed. Mussolini warned German; that the Brenner frontier is "sacred and inviolable." For Mothers, Babies Italy must have a higher birthrate, he said, adding that the tax on bachelors would finance new institutions to care for mothers and babies. “Italians are drinking too much," he said. “The government has closed 23,000 wineshops and will close still more."

rumble grew louder. The lady | happened to be of Catholic faith and he happened to be 62. When the admiral presented his gift house to his bride the whispered talk became frank and earnest. And then Dewey decided tardily that it was proper for him to run for President. His decision April 3. 1900, was greeted coldly, and “The entire Capital is laughing at the ! former hero," reported tile Atlanta I Constitution. Carted to Pump The triumphal arch eventually ! was carted away to a dump, j Modeled of wood and plaster, it was to have been built of marble, but the necessary fund was not forthcoming from the hero's fickle land. Only the gift house in Washington remains a melancholy reminder. Today it is used as a dressmaking establishment. AGAINST BUS RULING Union Traction Asks Dissolution of Muncle Prohibition. Motion to dissolve a writ of prohibition preventing injunction of Muncie bus operators by Madison Circuit Court was filed in the Supreme Court Thursday by Union Traction Company attorneys. Original suit was brought to restrain other bus lines from competing with Union Traction bus lines. Judge William A. Kittinger granted tho injunction. The Supreme Court granted the prohibition writ. Courthouse Clock Becomes Generous For the first time in Its history. I the courthouse clock struck fourteen j times Thursday. The situation was explained by j county commissioners. f The recent tordano broke glass ln ' the clock tower, particles falling into the delicate mechanism. The four- j teen strokes were caused by work-1 men testing the mechanism.

Stork Active on Crest of Flood Bu United Press WASHINGTON, May \ IT.— Babies continue to arrive i n the flooded Mississippi valley reKions, some of them at strange times and places, Red Cross headquarters here reported today. One child was born while its mother was in a small, crowded rescue boat, so loaded with refugees that its freeboard was scarcely above water.

“Thg Bargain Corner of Indlanapolla" IgantotoE _££s_WHlngon and Delaware St*.

Guaranteed House Paint $1 .85 All Colors 1 Diamond Salvage Cos. 44 South Illinois St. 44

Mb!?] THE UNION TIRE CO. GEO. MEDLAM, Pres. Open TUI 8:00 P. M. Main 6273 Cor. S. Illinois & Georgia Sta, •

PAGE 21

BOYER’S HATCHERY Indianapolis, 31 N. Del. St. HI. 5*70 Thorntown, Ind., Tel. 2622

Used Furniture WANTED Call MA In 3929 Waahingtc-i Furniture Cos. 361 W, Washington St.

Complete Line of Camping and Fishing Supplies Underselling Stores 34 West Maryland

118 East Washington Street

PLAYER PIANO Howard Maintain, beautiful mahogany case. One of our best used Diano bargains. 12 rolls and bench. Terms. CARLIN MUSIC CO. 11.3 FAST WASHINGTON ST.

IKEAL

MARTIN BROS. CO. 214 Indiana Ave. We specialize in “National Brand” coats and gowns—for Barbers, Druggists, Physicians and Dentists. They Wear Better!

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

EXCURSION LOUISVILLE Kentucky Sunday, May 1927 55Q.75 Leave Traction Terminal Station 7:00 A. M. Returning Leave Louisville 7:00 P. M. INTERSTATE Public Service Company

Week-End Rates for Memorial Day All week-end excursion tickets bought Saturday afternoon, May 28, or Sunday, May 29, will be effective for return until the last car Monday night, May 30.