Indianapolis Times, Volume 39, Number 33, Indianapolis, Marion County, 18 June 1927 — Page 14

PAGE 14

MOST OF LIST RECEDES UNDER PROFIT-TAKING General Motors Falls From New High—Several Rails Advance.

Average Stock Prices

Average of twenty industrials Thursday was 170.26, up 1.48. Average of twenty rails was 136.39, up 1.03. Average of forty bonds was 96.96, up .10. Bu United Press NEW YORK, June 17.—After early strength profit-taking sent prices dosn in most sections of the list on the New York Stock Exchange today. Leading shares were depressed from their highs of the day, while specialties continued to make substantial gains. General Motors reached anew high and then receided; United States Steel rose nearly to 123 and then lost more than a point, and other high-grade stocks behaved in similar manner. Among the rails Chicago Northwestern rose nearly 2 points and New Haven more than 2. New York Central was down about a point. Active demand for the rails was the outstanding feature of today’s trading. This development was stimulated by L. F. Loree’s announcement that considerable progress had been made in the preparation of new plans of unification for Kansas City Southern. Missouri-Kansas-Texas, and St. Louis Southwestern. Shares of these roads advanced briskly. Delaware & Hudson also moved up sharply. Its strength was based on the belief that Loree’s next aggressiveness will be toward the consummation of his proposed “fifth trunk line.’’ Delaware & Hudson is one of the important units of the latter program. Before it enters into a consolidation the road will undoubtedly segregate its coal holdings. This would mean an attractive melon for shareholders. Price movements in the industrial division were mixed. General Motors gave ground slightly on profit taking after establishing anew high for the present shares. Other industrial leaders moved in a narrow range.

Banks and Exchange

INDIANAPOMS STATEMENT Local bank clearinfcs today were $4,238,000: debits. $8,450,000. NEW YORK STATEMENT B<> United Press NEW YORK, June 17.—Clearings. sl,168,000.000; balances. $157,000,000. CHICAGO STATEMENT Bu United Press .... CHICAGO, June 17.—Clearings. $119,000.000: balances. $8,500,000. FOREIGN EXCHANGE Bu United Press , NEW YORK, June 17.—Foreign exchange closed steada. Demand sterling. $4.85 3-16, off .00 1-16; francs. 3.91 3 sc: lira. 5.54 c. up .01%; Belga, 13.88 c; marks. 23.68%c. New York Curb Market' —June 17— —Closing—- - Bid. Ask. Anglo American 19 , Wi? Continental Oil 1774 13% Galena Signal 8 8% Humble Oil 59 59% Imp. Oil of Canada 43’,a 43% Ind. Pipe Line 69 70 Int Pete 29% 30 Ohio Oil k 58*4 58% Prairie Oil and Gas 48% 49 Prairie Pipe Line 179 180 6 O Indiana 67% 67% S O Kansas 16 16/a S O Kentucky 112% 113% S O Nebraska 44% 45% S O Ohio 74 73 Vacuum Oil 128 128% Mountain Prod .... 24% 2414 New Mex & Ariz Ld 12% 12% Salt Creek Prod , 29 29% Land of Florida V) 20 Curtiss Aero 21% 21% Durant Motors, Dela 9% 10% Dubilier 4, Elec Bond and Share 73% 73% Eiec Investors 37% 38 Ford of Canada 440 450 Goodyear 50% 51% Midvale Company 28 28% National Leather 3% 3% Reo Motors 22% 22% Service Electric 3% 3% StutZ Motor 13% 13% Cities Service com 46% 46% Cities Service pfd 88% 88% Cities Service Bankers 23 28 Amer Gas 88% 89 Marmon 52 53% New York Liberty Bonds —June 17— Prev. Close, close. 3%S 100.29 100.27 Ist 4 VIS 102.29 102.30 2d 4%s 100.13 100.12 3d 4%S 100.27 100.26 4th 4%S 103.23 103.22 Tr 4%S 1952 112.23 113.5 Tr 4s 1954 108 108.5 Tr 3%S 105 105.5 Chicago Stocks —June 17Open. High. Low. Close. Arm Del pfd.. 87 87 86% 87 Arm Ills pfd.... 66 66 65 66 Auburn Motor... 106 106 104 104 Lib McN Lib... 9 , Middle West ..111% 111% ill % 111% Swift & Cos 117 in 116% 117 Swift InW ...... 22 23% 22 23% Borg & Beck .. 59% 60% 59% 60% Yellow Cab ... 32% 3244 32 32 J R Thompson. 53 Elec H H util .. 13%

In the Cotton Market

(Bv Thomson & McKinnon) NEW YORK, June 17.—'The market opened a little higher this morning and held very well lor the first hour. Two private reports giving the condition ol the crop around 75 caused commission house selling on a much larger scale than we have seen lor some time. Weather conditions are not favorable and undoubtedly the boll weevil situation is much more serious than at this time last year, but in view of the price, which has been working steadily upward for the last six month*, a cautious attitude to the market should be adopted by those holding conWe hcve favored a trading position on the market at this level and continue to do so. as the advances brigh out cotton too easily to encourage a fixed position. while on the other hand there is the trade demand under the present level, which discourages too liberal a selling policy. NEW ORLEANS • High. Low. Close. JulT ' 16.82 16.53 16.53 October 17.09 16.77 16.82 December 17.30 17.00 17.03 NEW YORK High. Low. Close. January 17.41 17.14 17.18 MarcH 17.60 17.32 17.36 May 17.70 17.46 17.46 July 16.77 16.48 16.52 October 17.13 16.83 16.88 December 17.38 17.07 17.10 CHICAGO High. Low. Close. January 17.38 17.10 17.n March 17.55 17.37 17.31 July 16.77 16.50 16.5 C October 17.13 16.85 16.8 E December 17.33 17.07 17.1 t

In the Sugar Market

RAW SUGAR PRICES fßy Thomson <fc McKinnon) High. Low. Close January 2.79 2.76 2.7i March 2.70 2.87 2.71 May 2.77 2.75 2.H July 2.85 2.61 2.8! September 3.78 2.72 2.71 December 2.88 2.82 2.8(

New York Stocks By Thomson A McKinnon - “

—June 17— Railroads— Prev. High. Low. Close, close. Atchison 181% 180% 181% 180% Atl coast Line. 187% 186 187 187% B & O 118% 118% 118% 119 Can Pacific ~..177% 176% 177% 177% C & O 184 182% 183% 182% C& N W 90% 88% 89% 87% C R & P 114% 113% 113% U 4% Del & Hudson.. 224 218 223 218% Del & Lack 166% 165 165 165 Erie 54 53 53 53 J* Erie Ist pfd ... 59% 58% 58% 59% Great Nor pfd. 91% 91 91% 9 21 4 Lehigh Valiev .128 124% 126 124% K C South .... 60 58% 59 59% LAN 142% ... 142% 142% MK & T 56% 54% 55% 54% Mo Pacific pfd ..107% 106% 106% 107% N Y Central .. .153% ■ 152% 153 1531% NY NH & H ... 54% 51% 53% 51% Nor Pacific 89 88% 89 88 Nor & We5t....183% 182 183% 181% Pere Marquette. 130% ... 129 130 Pennsv 64 63 % 63% 63% Reading U 9 m iis% 115% Southern Rv ...127% ... }27% }}!!/ Southern Pao •■lift* 114% 114% 114% St Paul 15% 15% 15% 15 St Paul pfd ... 27% 27 27% 27% St L& S W ... 93 89 90% 88 St L& S F 116 ... 115 115% Union Pacific .175% 174% 175^ ? 175 Wabash 79% ... 77% 77% Wabash pfd 100% ... 100% 100% Rubbers— Ajax 8% 7% 8% 7*l Fisk 15*2 14% 15Va 15 Goodrich 54% 53% 54 2 53 8 Goodyear pfd...113% ... 113 112 Kellv-Spgfd ... 23y 21% 23% 21 U S Rubber .. 4038 V 2 Equipments— Am C& F ... 104*2 ... 103 103 , Amer Loco ....110 ... 2 Am Stl Fd .... 47% 46% 47% 47 Baldwin L0c0... 221 218 Gen Elec 104% 104 104% 106 Tiima . , , ... ... 67 NY Alr Bk .... 46% 46 46% 46% Pullman Car .'.'. , .'.18431 184% 184% Wsth A B 170% 170 170% 168% Wsth Elec 74% ... 74% 74% Steels— Bethle 49% 49% 49% 59 Colo Fuel 85% 84% 84% 85 Crucible 88 86 86 85 2 Gulf St Stl 49% ... 49% 49% Inland Steel .... 50% 49 50 50 Phil RC & 1.... 42% 41% 41% 41’, Pep Steel 66% ••• 88 86 Sl-Shef • • 123 .. 126 126% U S Steel .....122% 121% 121% 122% Ailov 29% 29% 29% 29% Vanadium ...... 48% 48 48% 48 Motors— Amer Bo 17% 15V* 18 15 Chandler 22'* ... 22 * 22 3 Chrysler 50% 48% 49 49 1 Con Motors .... 11% 10% 11 1} Dodge 22% 21 21’* 21 Gabriel ...... 46% 45% 45% 46 Gen Motors ... .205 % 203% 103% 204 Hudson 85% ... 84% 85% Hupp 20 19% 19% 20 Jordan 19 18 18% ,37,? Mack 10% 103% 109 111% Nash 64% 64% 64% 64 Packard 35% . 35 34 4 Peerless 26 ... 24 2 26 Pierce Ar 17% 16 16 15 * Studehaker 50% 50% 50% 51 Stew War ...... 63% 62% 62% 62 * Timken ....... 101% 99% 101 99% Willvs-Overland 20% 18% 19% 18 3 White Motors ... 46 45% 46 Mining— Am Smelt 161% ... 159% 159% Anaconda 45*8 ... ‘X-i 8 Cer De Pas.... 60 ... 60 59% Inspir H’s 14U 14 2 14 Int Nick 69% 67 67% bB% Kennec - 63 62% 63 63 Tex G & Sul 66% 64% 65% 65% U S Smelt 35 8 At°Re 9 r. 120% ... 129 210 FrWexkv:::: It 69 70% ?3% Houston 157% 154% 155% 156% Indpend Oil .... 19% • ••. I|‘* i§,? Marland Oil ... 36% 35% 36 36 * Mid Con Pete .. 31% 31% 31% 31% Pan-Am Pete 8., 59% 59% 59 4 59 * Phillips Pete....' 44% 43'* 43% 43% Union Oil 42% ... 42% 42% Pure Oil 26% 26% 26 * 26 /* Roval Dutch 49% .... 49 49 Shell 27% 27% 27% 27% Sinclair.... 17% 17% 17% 17% Skellv 27% ... 27% 27% SO of Cal ..... 53% .... 53% 53% SOOf N J 36% 36% 36% 36'2 SOof N Y ... 30% 30% 30%, 30% Texas Cos 49% 48% 49% 48; Trans Pete 9% BV* 9% 8 Industrials— Adv Rumely .... 12% ... 12'? Allis Chalmers .107% ... 106% 107% Allied Chem ... 142% 141 141 141% Armour A 10% 10 10% 9% American Can.. 55 ... 53% 54 Amer H and L ■ B Amer H and L pf 61 ... 61 60 * Amer Safety R.. 47% ... 47% 48_2 Amer Wool 19 ... 18% 18% co?a r coiaiis% m iis% m 2 gSSfiSdiiuVwSi M% Ik 2% Dav Chemical... 30 ... 30 30 Dupont 246 242% 243',* 244% Famous Plav... 104% 103'* 104 103% General Asphalt. 76% 75% 76% 75% Int C Engr 45"* 44 % 45 4;>% Int Paper 42% 42% 42% 42% Int Harv 181 ... 179 180% May Dn St 70% 69'/* 70 69% Mont Ward .... 67',2 66% 66% 66% National Lead.. 101% ... 101% 101% Owen Bottle .... 78% ... 77% 78 Radio 52% 51?' 52 52 Real Silk 29% ... 29% 29% Rem Typewriter 43% ... 43V* 43% Sears Roebuck 59% 58% 58% 58% United Drug .. 168 ... 166% 169 Univ PiDe 30% 29% 29% 30% u S C I P 233% 230 230 230% U S Ind A1e,... 78% 77% 77% 78% Woolworth .... 143% 141% 142% 141% Utilities— , Amer T and T. 167% 166 7 /e 167% 166?/* Amer Express 135 Amer Wt Wk.... 93 ... 92% 92 Brooklyn Man.. 63 ... '62% 63% Col Gas and El. . 94:4 ... 94’, 94’, Cons Gas 102% ... 102'/* 102% Interboro 40 38% 39 397* North Amer Cos.. 50 49% 4974 49% Peoples Gas ... ... 142% St Gas and Elec. 6174 61% 61 Vs 61% Western Union 167'/* Shipping— Am In Corp .... 54 51 ?k 53% 53 Amer Sand C .. 4% 4% 4% 4Vi Atlantic Gulf 39 ... 39 38% Int M M pfd ... 52% 48% 51% 47% United Fruit ... 129% 128Vz 129% 129 Foods— Amer Sugar 89'4 ... 89 88% A B Sugar 207* ... 20% 21% Austin Nichols 5% Beech Nut Pk..* 51% ... . r l% 51 % Callfor Pack 64 ... 63 63 Corn Products... 55’, ... 55% 55% Cuba Sane pfd.. ... ... :.. 39% CubaAmSug.. 23 Fleischmann ... 56% 55% 55% 56% Jewel Tea 58% SB'/* 58% 58 Nat Biscuit 130 74 Punta Alegra ... 38% ... 38 38% Postum 102% 1(10,% 101*% 100% Ward Bak B 24V* 22% 23 2174 Tobaccos— Amer Sumatra.. 56 53% 56 53% Amer Tobacco. 136% ... 135'/* 135 AmerTobß.... 135% ... 134'/* 135 Cons Cigars .... 797* 76% 79 76'/* General Cigars.. 64% 63% 64'/* 63'/* Liggett 117% 116% 117 117% Lorillard 3174 31 3174 317, R J Reynolds .. 137 ... . 136'/, 137'/* Tob Prod B .. 102% ... 10174 102% U Cig Stores 88 ... 87% 87% Schulte R S 547, 54 54'/ 54%

Commission Row

PRICE TO RETAILERS FRUITS Apples—Box apples—Winesaps. $3.50® 4. Extra fancy barrel apples—Ben Davis, [email protected]. Basket apples, 40-lb. basket— Ben Davis. [email protected]. Bananas—4<fi,sc lb. Cantaloupes—California standard crates, i $5: pony crate $4; flat crates, $1.75. Cherries—California, $3.50@4 box (B'A lbs.). Grapefruit—Fancy, $4.75ffi:5.50. Lemons—California. [email protected], Limes—California, $3 per hundred. Oranges—California Valencias crate. $3.25@8. Pineapples—Cuban. $4®4.25. Raspberries—H. O. red, 24 pts., $4.50; H. G. black, 24 pts.. $3.50. Strawberries—Tennessee, 24 qts., $3.50 ® 5. Watermelons Florida (average 30 lbs.), [email protected] Asparagus—H. G. fancy white. 40@50c doz.; green, $1f!1.25. Beans—Green, $5 hamper. Beets—H. G., B*c doz; new cutoff. $2 bu. Cabbage—Mississippi, $7 crate; Virginia, half-barrel, $4. Carrots—California, $2 bu.: Texas. $2 bu.; H. G., 75c bu. Cauliflower—Crate, [email protected]. Celery—Florida. 3 and 4 doz crate. $6: Mammoth, (washed) $1:50(21.75 doz. Corn—Texas, $2 bu. Cucumbers —Hothouse, [email protected]. Garlic—California, 12’ic lb. Kale—H. G-. 90c bu. Lettuce—lceberg, crt., $6.50@7; H. G.. hotbed. $1.50 15-lb. basket. - Mangoes—Florida, $2,500/3 basket. Onions—Texas yellow, $3.25; white. $4 crate; H. G. green. 65c doz. Parsley- -H. G., 75c dozen. Peas—California. $3.50 hamper. Potatoes—Michigan whites. 150 lbs., $8; Maine Green Mountains, 150 lbs., $8,60; Virginia Cobblers. $7.50 bbl. Radishes—H. G.. long red. 25(250c; hothouse buttons. 40(g60c. Rhubarb—H. 0., 40c doz. Spinach—Texas, $1.50 bu. Sweet potatoes—lndiana Jerseys. $2 bu. Tomatoes—H. G. hothouse, 10 lbs.. $2.25; Texas pinks. $1,35 crate. NEW YORK COFFEE RANGE —June 17— _ High. Low. Close. January *.. 11.50 11.40 11.50 March 11.45 11.34 11.45 Mav H .24 11.20 11.24 .July 12.55 12.45 12.55 September 11.93 11.81 11.93 December 11.63 11.47 11.63

HOGS REMAIN STEADY; CALF PRICES LOWER Cattle and Sheep Markets Unchanged; Lambs Go Down 50 Cents. —Hog Prices Range— June Bulk. Top. Receipts. 10. 8.65449.10 9.15 7.000 11. 8.75*79.35 9.40 3.500 13. 8.75®9.35 9.40 6,000 14. 8.754/9.25 9.35 9.000 15. 8.7547 9.15 9.20 8.500 16. 8.75449.15 9.15 7.000 17. 8.75449.10 9.15 _ 8,000 Early trade in the local hog market was about steady. Shippers were doing most of the buying, packers holding back ancFtalking 5 to 10 cents lower, but the market continued unchanged. Most sales were at the top $9.15. Receipts were estimated at 8,000 head, with holdovers numbering 647. The Chicago market was slow, prices remaining around steady. The early top there was $9.10. Hog Price Range Porkers weighing 160-225 pounds brought [email protected]; 225-275 pounds, $8.90(5'9, and 275 pounds up. $8.75® 8.90. Pigs were quoted at [email protected], and packing sows cleared at $7.25 @B. The cattle market remained steady, with a run of. 800. Beef steers sold at $9 @11.35; beef cows. $6.50®8.25; low cutters and cutter cows, [email protected]: bulk stock and feeder steers, [email protected]. Market Off Calves declined 50 cents or more, most of them going at $12.50 down. Receipts were 1,000. The ovine market repeated the tendency that set in last Saturday, sheep little changed and lambs another 50 c£nts lower. Top fat lambs, $14.50 15, and bulk cull lambs, $8.50® 10. Ewes were quoted at $5 @6.50. —Hogs— Receipts. 8,000; market steady. 90-130 lbs $3 000458 75 130-160 lbs 8.50479.00 160-200 lbs 9.00419.15 200-250 lbs 8.8547 9.10 250 lbs. up 8.75419.00 -CattleReceipts, 800; market steady; Beef steers $9.0045 11.35 Bulk stock and feeder steers.. 7 2547 8.50 Beef cows 6.5045) 8.25 Low cutters and cutter cows.. 4.25® 5.50 —Calves— Receipts. 1.000; market lower. Best vealers sl2.OOff 12.50 Heavy calves 6.00® 9.00 —Sheep— Receipts. 900; sheep steady; lambs lower. Top fat lambs $15.75 Bulk fat lambs 14.5047 15.00 Bulk cull lambs 8 50®10.00 Other Livestock Ru United Press CHICAGO, June 17.—Cattle—Receipts. 3,000; fed steers and yearlings steady, uneven, she-stock weak to 25c lower; bulls sharing decline; good to choice vealers mostly steady at $12.5047)13.50, common and medium kinds unevenly lower; movt yearlings and light fed steers. $9,754* 11.50, no strictly choice kinds here, few loads with weight held at sl3; clearance fairly good at week's advance on steers, bulk very draggy at decline on al lgrades of she-stock and bulls. Sheep—Receipts, 5,000; market fairly active, generally steady with Thursday; bulk grade notives, $1547 15.50: few best to packers, $15.75. odd loads medium kinds jdown to $14.50 and below; culls* mostly slo.Mull, few strong weights $11.50: good to choice desirable weight ewes. [email protected]. best $6.50; few heavy ewes. $44/4.50; feeders scarce. Hogs—Receipts, 25.000: market fairly active. generally steadv to 10c higher heavyweights, 58.504/8.95; mediumweights. $8.75 4/9.15; lightweights, $8.6047 9.15; light lights. $7,854/9.10; packing sows, $7.3544 8.30; slaughter pigs. [email protected]. B't United Press CINCINNATI, June 17.—Hogs—Receipts. 4,500; holdovers. 1,911! market, mostly 10c lower; 250 to 350 lbs.. $8,354/3.90; 200 to 250 lbs.. $8,804/9.10; IGO to 200 lbs., $8,504/9.25; 130 to 160 lbs., SB4/9.25: 90 to 160 lbs.. *B4/9.15; packing sows, $74*7.50. Cattle—Receipts, 450; calves, 600; market, steady; cows 25c lower; veals staady; beef steers, $94/10.75; light yearling steers and heifers. $9,254/10.75; beef cows. $64*7.50; low cutter and cutter cows. $44z;5.25; vealers, $9.504712.50; heavy calves. SB4/8.75. Sheep—Receipts. 3,200; market, lambs, steady to 25c lower; top fat lambs, $16.25; bulk cull lambs, $104*12; bulk fat ewes. s4®6. Ru United Press EAST ST. LOUIS. June 17.—Hogs—Receipts. 14.000: holdovers. 2.979; market, strong to 5c higher: 250-350 lbs.. $8,654/ 9: 200-250 lbs.. $8,904/9.15: 160-200 lbs.. $8.25 4/9.20: 130-160 lbs.. $8,254*8.90: 90-160 lbs.. $8,104/9: packing sows, [email protected]. Cattle—Receipts. 1.000: holdovers. 700: i market, steers nominal: beef steers, $9.50 47 10.50: light yearling steers and heifers, S8.50®10: beef cows. $6.25477.50: low cutter and cutter cows. $4.5047)5.50: vealers. $12.25; heavv calves. $7,504/8.50; bulk stock and feeders steers. $7,254/ 8.50. Sheep —Receipts. 2,500: market. steadv: ton fat lambs. $12.50; bulk fat ewes. $4,504*5.50. Bn Times finreinl LOUISVILLE. June 17.—Hog# Receipts. 1.000: market steadv: tops. $8.85. CattleReceipts. 100; market steadv. Calves—Receipts. 300, market steady; good to choice, $104711.50; medium to good. $8,504/ 10; outs. $8 down. Sheep—Receipts. 1,500; market for lambs, ewes and wethers 50c lower; others steady; mixed lambs, $14.75; ewes and wethers. $15.25; seconds, $11; sheep. [email protected]. Bn United Press PITTSBURGH. June 17.—Hogs—Receipts. I. market strong: 250-350 lbs.. $8.75® 9.25: 200-250 lbs.. [email protected]: 160-200 lbs.. [email protected]; 130-160 lbs.. $8.75@9; 90-160 lbs.. *8.50®8.75; packing sows. $74*7.25. Cattle —Receipts, none: calves. 275; market 50c lower; beef steers. $10.504712; vealers. $134/13.50. Sheep—Receipts. 600: market slow; top fat lambs, sl4; bulk cull lambs, s6® 11; bulk spring lambs, sl4® 16. Bn United Press EAST BUFFALO, June 17.—Hogs Receipts, 4,400; holdovers. 414; market strong to 10c higher; 250-350 lbs., $9.10®9.65; 200-250 lbs.. $9.60479.85; 160-200 lbs.. $9,754/9.85: 130-160 lbs., $9.40®9.75: 90-160 lbs., $9®9.50; packing sows, [email protected]. Cattle—Receipts. 200: calves. 1,400; market steady; calves 50c up: beef steers. $11.3547/ 11. vealers. $13.50®14. Sheep—Receipts, 800; market 50c lower; top fat lambs, $16.75; bulk cull lambs, *l2® 13.50; bulk fat ewes, [email protected]. Bu United Press CLEVELAND. June 17.—Hogs—Receipts. 1.800; market strong to 10c higher: 250350 lbs., $8,754/9.35; 200-250 lbs.. $9.35® 9.60; 160-200 lbs.. $9,504*9.60; 130-160 lbs., $9®9.60; 90-160 lbs.. $9; packing sows, $7.25477.50. Cattle—Receipts, 100; calves, 200: market steadv; beef steers, $8.754711; beef cows. $6<0>7.50; low etter and cutter cows. $4.25®5.50; vealers, sl2@-14. Sheep —Receipts. 300; market weak; top fat lambs, sls; bulk cull lambs, $12@13; bulk fat ewes, $4®5.50. Bn United Press TOLEDO. June 17. —Hogs—Receipts. 600; market steady to 15c up; heavies. $8.50® 9: mediums. [email protected]: Yorkers. $9.15® 9.40: good pigs. $8.50®9. Calves ReI celpts light; market strong. Sheep ReI ceipts light; market steadv. Cattle Receipts light; market slow and lower.

Local Wagon Wheat

Local grain elevators are paying $1.35 for No. 2 red wheat. Other grades are purchased on their merits. Marriage Licenses Carl Rosselot, 24. 3526 Garden, bookbinder. and Marjorie Ott, 18. 39 N. Denny, factory employe. Donald Gilchrist, 34, 525 Oxford, foreman. and Erna Noelup. 25. 1211 Ashland. Alva Hurt, 25, 1760 Blaine, sheet metal worker and Ella A. Paugh, 20. Route 5. John W. Hurt. 25. 911 Sanders, machinist and Emma Doyle. 22. 834 N. Gray. Clyde W. Martin, 38. Colonial hotel and Aulta Hastings. 30. 2322 N. Illinois, housekeeper. Standard Oil Founder’s Son Dies By T lilted PreKx NEW YORK, June 18. John Teele Pratt 11, son of one of the founders of the Standard Oil Company, died Friday, It was announced at the Standard Oil Company offices here.

THE INDIANAPOLIS TIMES

Indianapolis Stocks

—June 17— Bid. Ask. Amer Central Life 550 Amer Creosoting Cos pfd 101 Belt R R com 66% 63 Belt R R pfd 58'/* ... Cent Ind Power Cos pfd 91% 95 ClUes Service Cos com 46% ... Cities Service Cos pfd 88% ... Citizens Gas Cos com 55% 57 Citizens Gas Cos pfd 107 Commonwealth Loan Cos pfd.. 99% ... Equitable Securities Cos com.. 51 Hook Drug Cos com 29% ... Indiana Hotel com 125 ... Indlsna Hotel pfd 101 ... Ind Service Corp pfd 87% ... Indianapolis Gas com 60 indpls Northwestern pfd... 52 Indpls Fl/L 6%s pfd 98% 100 Indpls P & L 7s pfd 97 100 Indianapolis St Rv pfd 38% 407 Indpls Water Cos pid 103 Indpls Water Wks Sec Cos 98 Interstate P Scr pr Hen pfd.. 100% 103 Interstate P S 6s pfd 85 Merchants Pub Util Cos pfd.. 100 North In Pub Service pfd P3 96 Progress Laundry com 22% Pub Sav ins Cos 2 Rauh Fertilizer pfd 80 Real Silk Hosiery pfd 95 T H I & E com 2 T H 111 E pfd 21 T H Trac fc Lt Cos pfd 92 100 Union Trac of Ind com 1 Union Trac of Ind Ist. pfd 7 Union Trac of Ind 2d / pfd 2 Union Title Cos com v .. .. 92 Van Camp Pack Cos pfd.....,, Van Camp Prod Ist pfd 95 Van Camp Prod 2d pfd 95 —Bank Stocks— Aetna Trust and Sav Cos 118 Bankers Trust Cos 132 City Trust Cos . 150 Continental National HR 125 Farmers Trust Cos 240 Fidelity Trust Cos 162 Fletcher American 170 ... Fletcher Sav and Trust C 0... 275 . Indiana National Bank 266 270 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 90 Union Trust Company 415 Wash Bank and Trust Cos 160 —Bond*— Belt R R'and Stockyards 45... 90 Broad Ripple 5s 80 ... Central Indiana Gas 6s 93 Cent Ind Power Cos 6s 103 Chf S Bend <fc N Ind 5s 31 Citizens Gas Cos 5s 103 Citizens St R P. 5s 86% 89 Garv St F.v 5s 89 91 Home T and T of Ft W 65....103 Indiana Hotel 5s 99% Indiana Northern 5s 2 Ind Rv and Lt 5s 95 Ind Service Corp 5s 92% ... Ind Union Trac 5s 3 Indpls Col & So 6s 99 101 Indpls Gas Cos 5s ~100 Indols A* Martinsville 6s 80 82 Indpls Northern 5s 24 26 Indpls Sz Northwestern 5s 80 82 Indpls Power and Lt Cos 5s .. 97 98 Indpls St Rv 4s 67 68% Indpls Trac and Term 5s 95 96 Indpls Union Rv 5s 101 Indpls Water 5%s 103'* ... Indpls Water Ist 5s 98 Indpls Water 4%s 96 Indpls Water Wk Sec Cos 6s .100 Interstate Pub S 6s 103 Interstate Pub S Bs 6%s 105 N Ind Pub Serv Cos 5s 99% ... T H I & E 5s 87 T H Trac and Light 5s 93 Union Trac of Ind 6s 17 18% —Liberty Bonds— / Ist 3%s 100.70 101.00 Ist 4>,s 102 90 103.14 2d 4%S 100 20 100 50 3d 4%S 100.70 101 00 4th 7'iS 103 50 103.90 US Tr 4%s 113.40 113.70 U S Tr 4s 108.20 108.60 US Tr 3%S 105.30 105.70 U S Tr 3%s 99.90 100.25 —Sale*— 40 Shares Citizens Gas Cos com 56%

Produce Markets

Butter (wholesale pricei Creamery, best grade, a pound. 434/ 45c. Butterfat—Local dealers, 41®42c. Eggs—Strictly iresh delivered at Indlan- | epolis. 164* 18c dozen. Poultry /buying prices)—Hens, large | breed, 184/19c; Leghorns. 13®15c: old roosters. 84/ 10c; springers. 2 lbs. up. 254/ 27c; 1% to 2 lbs.. 22c; Leghorn blacks and small, 184/20c; ducks. 134/15c: geese. 8® 10c; guineas, 35c: turkevs. young toms, and hens, 20c: old toms. 154(20c. Bu United Press CLEVELAND. June 17,-Butter-Extra in tubs 434/ 44c; firsts, 404/ 41c; seconds. 36% ffl37'*c; packing stock. 28c. Fresh eggs— Extra. 25c: extra firsts, 24c; firsts. 22%c: ordinaries. 20c. Live poultry—Geese. 164/' 17c! heavy broilers, 34'>/36c; spring ducks, 254/27c; medium broilers; 304/ 32c; Leghorn broilers. 234/25c: roosters. 14*/15c: Leghorn fowls. 174/ 18c: medium fowls. 224; 24c p O . tatoes—Carolina new cobblers. 56.5 C 4/6.75 per bbl.: Michigan. SB4/8.25 per 150-lb. sacks; Maine, $9#9.25. ! Bu United Press NEW YORK, June 17.—Flour—Dull but steady. Pork—Quiet; mess, $33. Lard— Firmer; Middle West, *l3.;!s(fi 13.35. Sugar I —Raw unsettled: 96 test. 4.52 c: retired nuiet; granulated. 64/ • 20c. Coffee- Rio No. 7. 14%4/14’sc: Santos. 16%4/ 17c. Tallow—Steady: special to extra. 7%®7 s c. Hav—Dull: No. 1. *1.25: No. 3. $1,054* 1.10: clover. sl4/1.20. Dressed poultry— Irregular: turkevs. 254/ 46c: chickens. 204* 40c: capons. 304/46c: fowls. 144/29c: ducks'. 184/22c; Long Island ducks. 23*/24c. Live i poultry—lrregular: geese. 104/ 12c; ducks. 124/ 25c; fowls. 164/25c: turkeys. 254/ 30croosters, 14c: broilers. 204/38c. Cheese Steady: State milk common to special. 27 4/28c; Young America. 24%?*25c. Butter —Easier; reaeipts, 19.790: creamery extra. 42c; special market. 42'*4/ 43c. Eggs strong: receipts, 24,721; nearbv white fancy. 314* j 32c: nearby State white. 244/30c; fresh firsts. 22%4/23c; Pacific coast first to extras. 24®34c; western white. 224/ 2fic: nearbv browns. 27®31c. Potatoes—Southern, $24/7: Maine. $4,754/6.25; Bermuda No. 1, ' 5? Sweet potatoes—Jersey baskets. sl®3-SO. Bu United Press CHICAGO. June 17.—Butter—Receipts. 17,480: creamery, 39%@39%c; standards, 40c; firsts. 364/37%c: seconds. 33® 35c; ; extras. 40%c. Eggs—Receipts. 21,970; ordinaries. 20® 21c: firsts. 224/23c; seconds. 19c; extras. 23%c. Cheese—Twins. 22%@ 23c; Americas, 23%c. Poultry—Receipts. 4 | cars: fowls, heavy 19c: springs. 34c: ducks. 1234/ 25c: geese. 13c: spring geese. 234*25c; turks, 20c; roosters. 13c; broilers, 25c; I black chicks. 16c; Leghorns. 15c: Leghorn ! broilers. 20®22c. Potatoes—Receipts, arI rivals, new 25. old 15; on track, new 76. old 26; in transit. 1,002: Oklahoma and Arkansas sacked Bliss Triumphs. $4,504/ 5: Wisconsin sacked round whites. $4,254// 4.50. Sweet potatoes—sl4?l.2o. Births Twins Clarencr and Clorine Stcinmetz, Lone hospital, boys. Boys Cicero and Bessie Kennedy. 630 N. Highland St. Orville and Gladrtth Workman. 2241 Brookside. James and Hazel Steele. 2862 Brookside. Walter and Bessie Ludlow, 1020 Rochester. Arthur and Amelia Howell. 1632 Tabor. Norman and Mary Richhart. Methodist Hospital. Paul and Ruth Cornelius, Methodist Hospital. William and Mav Carver. 1615 Finlev. William and Addle Hoeltke, 1258 Roosevelt. Ralph and Evangeline Morford. Long Hospital. Edwin and Clorine Stelnmetz. Long Hospital. boy twins. James and Dena Fouty. Long Hospital. Charles and Martha Schilling. Long Hospital. Verna and Nellie Masterson. Long Hospital. Robert and Agnes Lesher, Long Hospital. Theodore and Florence Whalin, Long Hospital. Joe and Mirtie Starks. 333 Douglas. Howell and Mary Shreve. 534 E. Ohio. John and Pohanna Allen, 333 Middle. Thomas and Margaret Ayers, 1128 E. Pratt. Henry and Odessa Barbour. 971 Indiana. Girls Oran and Grace Baker. 431 Bt. Peter. Fred and Mary Farquer, Methodist Hospital. Samuel and Flora Peck. Methodist Hospital. l Edward and Esther Cunningham. Methodist Hospital. Herman and Georgia Bower, 1302 E. Michigan. Harold and Mary Mlnter, Christian Hospital. Orville and Opal Bright. 1027 Harrison. George and Helen Bowling. 1230 Hoefgen. Edward and Dora Metcalf. Long Hospital. girl Ransom and Myrtle Walker, Long Hospital. girl. Sam and Sophie Passo, Long Hospital, girl. Oral and Kathryn Breedlove, 1314 E. New York, girl. Wallace and Erna Lewellyn, 1812 Broadway, girl. / Emmett and Katie White, 217 Cora. girl. Willie and Leatha Smith, 1115 Fayette, girl. Deaths Mary Marie Richards, 1, 1034 Cornell, scarlet fever. Charlotte Gales. 48. City Hospital, cerebral hemorrhage. Mortin Mickey. 22. 1431 Mill, mitral lni sufficiency. Florence Crist. 27. 1311 W. Thirty-sixth, pulmonary tuberculosis. Sarah Isabel Thorpe, 70. 518 N. Riley. Angina pectoris. Richard Smith. 46. 805 Locke, pulmonary tuberculosis. David W. Kellev. 85. 1622 Lexington, , chronic myocarditis. Laura Thompson. 47. Methodist Hospital, cerebral hemorrhage. George A. Friesel. 59, City Hospital, cerebral apoplexy. Eugene Starlln. 7. 838 8. Missouri, chronic myocarditis. I John W. Kirk. 87. City Hospital, fracI tured skull, accidental. I Samuel Johnson. 40. 1845 Calvin, aortic regurgitation. Corea n Groves. 38. 863 W. Walnut, acute eastro enteritis.

SHARP BREAK SENDS WHEAT DOWN 2 CENTS Same Reduction Hits Corn After Advance-Smaller Decline in Oats. Bu United Press CHICAGO. June 17.—After opening firm and advancing moderately during early trade, wheat ran into heavy profit-taking and broke sharply, prices sinking considerably under Thursday’s close. The close! was 2 cents lower. There was a j fair rally late in the session, but th?' tone was weak. Receipts here were: 23 cars. The cafeh demand was ( slow with prices steady to Vs lower. Corn was at the start and ran up over 2 cents in short orders. Commission houses bought heavily on the rainy weather over the belt. { Shorts were free buyers also. Selling was scattered and lights until, the market advanced sharply, when there was tremendous profit-taking and prices crashed to around 2 cents j below the previous close. There was a fair rally late in the session and part of the losses were regained. At the close corn was l's to IT*1 T * lower. Oats were a little firmer early,! but sagged with other grains in a j dull and featureless market and closed 'i to S lower. Provisions were dull and inclined to weakness. Chicago Grain Table —June 17— WHEAT— Frev. Open High. Low. Close, close. Julv . 146% 147% 1.44% 144% 146'. Sept 1.44 145 1.41% 1.42% 1.44% CORN— July . 1.P2 1.C3% .99% 1.00 101%l Sept 1.07% 1.09 1 05% 1.05% 1.07%. OATS— Julv.. .49% .49% .48% .48% .49% Sept .40% .49% .47% .48 .48% Lard— Julv. 12 85 12.87 12.75 12.75 12 85 Sept 13.07 13.12 12 95 12 95 13.07 RIBS July.. Nominal 12.15 12.25 RYE— Julv 1.17% 1.18 1.15% 1.15% 1.17% Sep't.. 1.05% 1.06 1 03% 1.04 1.05% Bu Times Soerint CHICAGO. June 17.—Primary receipts Wheat. €79,000. against 611.000. corn. 809,444. against 500.000; oats. 271.000. against 506.000. Shipments Wheat. 623.000, against 400.000, corn, 794,000. acamst 282,000; oats. 345.000. against 324.000. Bu 'limes Svcrial CHICAGO. June 17.—Carlots: Wheat, 29: corn. 155; oats. 52; rye. 0. Bu United Press CHICAGO. June 17.—Cash grain; Wheat —No. 1 hard. *1.52%: No. 2 hard. $1.51%. Corn—No. 2 yellow. $1.02® 1.04; No. 3 yellow. sl4/1.01%; No. 4 vellow, 95% 4r 96c: No. 5 vellow. 90 ,; /95%c; No. 6 vellow. 88'®92c• No. 2 mixed. *1.02, No. 4 mixed. 96c; No. 5 mixed. 89%4/90c: No. 6 mixed. 88 /88%c: No. 2 white, $1.02%; No. 3 white. $1.01%; No. 4 white. 95c; ho. 5 white. 93c: No. 6 white. 88:/ 88%c; sample grade, 734/ 87c. Oats—No. 2 white. 51%4/s3%cNo. 3 white. 484/ 50c; No. 4 white. 44 1 - ■// 47%c; sample grade. 43*/46c. Bariev 90 4/91c. Timothy-$4.75® 5.75. Clover—s2o ® 35. Bu United Press TOLEDO. June 17.—Close: Wheat—No. 2. $1 444/1 45 Corn -No. 3. $1,034/1.04. Rve—No. 2. $1.19. Oats-No. 2. 51%® 52%c. Clover—Cash imported. $13.75; October. $16.75; December, sl6 65. Timothy Cash new;. $2.55: old. $2.45: December, $2 75. Alslke—Cash. sl4. Butter—424/ 45c. Eggs—22® 27. Hav—*2s.

Cash Grain

Tbc bids for car lota of grain at the call of the Indianapolis Board of Trade, f“• *>. basis 41 %c New York rat*, were Wheat—Steady: No. 2 red. $1.38-/ 1.40; No. 2 hard. $1,394/ 1.41. Corn—Steady No. 3 white. 95'.4/975No. 4 white. 93 /95c; No. 3 vellow. 94196 c: < -V 110 *.', 91' j -./ 93 %c; No. 3 mixed, 89%®9J%c; No. 4 mixed. 86'-/RB%c. Oats—Steady. No. 2 white, 46% /48%c; No. 3 white. 44'..4/16c. Ha y—Weak: No. 1 timothy. *15.50® 16: No. 2 timothy. *14.504/ 15; No. 1 light clover mixed, $15.504/16; No. I clover /mixed. $154/ 15.50: No. 1 clover hay, sl4 50 (ft 15. .... —lnspections Wheat—No. 2 red, 4 cars; No. 1 hard. 1 car; No. 1 dark 1 car. Total. 6 cars. Corn—No. 4 white, 4 cars; No. 5 white, 2 cars; No. 6 white. 3 cars; sample white. 1 cars: No. 3 yellow, 2 cars; No. 4 vellow. 3 cars; No. 5 yellow. 3 cars; No. 6 Vellow 7 cars; sample yellow. 2 cars: No. 4 mixed. 1 car; No. 6 mixed. 2 cars; sample mixed. 2 cars. Total. 32 cars. 1 Oats—No. 3 white. 6 cars; No. 4 white. 2 cars; sample white, 1 car. Total, 9 cars. NEGOTIATE NEW UNION OF SOUTHWEST LINES M., K. & T. Directors Hope to Arrange Acceptable Combination. Bn United Press NEW YORK, June 18.—A new Kansas City Southern-Missouri, Kansas & Texas-St. Louis Southwestern merger is being negotiated,

L. F. Loree, promoter of the proposed Southwestern system, revealed Friday. Sponsors of the merger hope to arrange a combination acceptable to the Interstate Commerce Commission, which rejected the first merger plan of the roads. The board of directors of the M., K. & T. discussed the new merger plans at a meeting this week, Loree said. SMILES AS HE HANGS Convicted Murderer Breaks Down Before Mother. Bu United Press HARRISBURG, 111., June 18. Joe Chesnas, 22, convicted murderer of William Unsell, aged mail carrier, was hanged Saturday. He faced death with a calm smile. The trap of the scaffold was sprung at 9:55 a. m. and at 10:16, twenty-one minutes later, physicians pronounced Chesnas dead. Cool and steady to the last, Chesnas was still smiling when his executioners adjusted the black bag and the noose. He announced himself ready for death after eating breakfast with apparent relish. Chesnas confessed to the murder of the old mail carrier. He explained that he was one of three men who previously had robbt and Unsell and feared the victim might recognize him and order his arrest.

COINING

MM*Tim<muuKMa*n.oilwi4lia4 ** s Jobboi Ml MO

OPENING STATEMENTS MADE IN DEATH CASE Jury Is Chosen for Russell Wife Slaying Trial. Bu United Press GREENFIELD. Ind., Juiu 18.— The State's attempt to convict Earl Russell of Indianapolis, of killing his wife started in Circuit Court here Friday. Opening statement of the prosecution was made before court adjourned Thursday and the defense made its statement Friday. A jury was selected after three days of examination: Mrs. Russell’s throat was cut with a knife. FINE SPEEDERS TO LINDY FETE Daylon Youth’s Halted on St. Louis Dash. George Baker. 17. and Phil Brennan, 17, of Dayton. Ohio, left Dayton half an hour ahead of Colonel Lindbergh in a Chrysler 80 Friday and tried to reach St. Louis in time to see the welcome for the flier. They got as far as Indianapolis, where Mqtorcycle Policeman Jacob Hudgins stopped them, in E. Washington St., mbaking fifty-five miles an hour. Hudgins took them to city prison to cool off. “Lindy had nothing on us," said Baker, the driver. “We were escorted through town, too." Special Municipal Judge Fae Patrick fined Baker $25 and costs, amount ing to $35. They paid and sped west, an hour behind schedule. Baker, son of an insurance man, and Brennan, son of a Dayton prohibition agent, are on their way to Leland Stanford University, California. They drove from Dayton to Indianapolis: 106 miles, in an hour and forty-five minutes. Hudgins chased them from Sherman Dr. to Rural St. before he caught them. Lindbergh passed them twenty miles this side of Richmond, Ind. They reached Indianapolis eighteen minutes behind Lindy. Baker said they had tickets for the Lindbergh reception in St. Louis last night. PUBLICITY IS RUINING JOHN COOLIDGE’S FUN President's Son and Governor’s Daughter Enjoy Visit. Bu United Press LAINVILLE. Conn., June 18.— After a day of driving around the countryside in Miss Florence Trumbull's new roadster, John Coolidge and the daughter of Connecticut's Governor passed Friday at the Trumhill home here. During his entire visit here young Coolidge has been under the constant surveillance of a member of the United States Secret Service. The young couple find great difficulty in keeping their movements secret, and although they feel "it sooils our good time to<iave everything we do put in the papers,” they say they are both accustomed to it now. CHILD KILLER DEIS LIFE Man Who Murdrrcd 3 Daughters Girl’s Death. Bn United Press PLYMOUTH. Mass.. June 18. James B. Stoddard, Brockton, was sentenced to life imprisonment in State Prison here Friday, after he had pleaded guilty to the murder of three of his children, Florence, Mildred and Edna, who were slain with an ax as they lay in bed, Oct. 23. 1926. A fourth escaped. Stoddard killed his children while suffering from the effects of heavy drinking, his counsel told the court. FLEEING HORSE DROWNS Animal. Wagon and 100 Gallons of Milk in Canal. The canal ended the runaway dash of a horse pulling a Wells and Wells Milk Company wagon on Thirty-Fourth St., at 3 a. m. Friday The horse drowned. Walter Jones, 1156 Udell St., said the horse got out of control on the hill at Elmira Ave. Jones jumped. The horse, wagon and 100 gallons of milk plunged into the canal. It took twenty men and an auto to pull the drowned animal and wagon out with block and tackle. ' BORER FIGHT RESUMED Five Species of Parasites Being Raised to Combat Pest. Bu United Press WASHINGTON, June 18. The Agriculture Department is vigorously fighting the destructive corn borer with other parasites. Five species of parasites are being Raised at the Arlington (Va.) experimental farms to combat the borrer and are being distributed already in the New England States, Ohio and Mcihigan. CRUEL ACT IS COSTLY Workers Sentenced to Six Months' Labor # or Hurting Swan. Bu United Pr-ss _ BRIDGEWATER. England, June 18.—Cruelty to a swan, a charge lodged against three brickyard laborers, has cost them a sentence ot six weeks at hard labor here.

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JUNE 18. 1927

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