Indianapolis Times, Volume 39, Number 34, Indianapolis, Marion County, 20 June 1927 — Page 11

JUNE 20,1927

GAINS BIGGER THAN LOSSES ‘ IN NEW MOVE Stocks Advance After Erratic Fluctuations on New Yprk Exchange.

Average Stock Prices

Average of twenty industrials Saturday was 169.85, off .30. Average of twenty rajls was 136.91, off .13. Average of forty bonds was 96.99, unchanged. flu United Press NEW YORK, June 20.—After fluctuating erratically early, stocks on the New York Stock Exchange turned upward in the afternoon and at the close gains outnumbered losses, with several substantial increases noted. Houston ran up more than seven points and Baldwin more than six, while General Motors and United States Steel were more than a point above the previous close. Union Carbide in the specialty group soared more than three points. Rails were active and higher, with St. Paul issues in active demand. Opening Doubtful Stocks turned generally strong today after an uncertain start. Early selling appeared largely due to bearishness in professional quarters. Offering of this kind were absorbed in fcuch ready style that bullish enthusiasm was revived. Traders working for lower prices based their operations largely on signs of slackening in various basic lines, but people buying standard stocks took the attitude that this falling off was largely seasonal. Judging from the shorp advances in many sectipns of the list, interests looking for continued prosperity held the balance of power. Ahead Again Steel returned to leadership in the industrial list and was considered illustrative of the optimism prevailing in important banking quarters. General Motors also reflected undirpinished confidence on the part of its financial sponsors.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings todav were $3,664,000: debits. $6,953,000. NEW YORK STATEMENT Bu United Press • NEW YORK. June 20.—o’earings, $514,000,000; balances, $111,000,000.' FOREIGN EXCHANGE Bn United Press NEW YORK, June 20.—Foreign exchange opened steady. Demand sterling $4,85 3-16: francs. 3.91 tic: lira. 5.58 c; Belga, 13.88 c; marks, 23.68%e.

Indianapolis Stocks

. —June 20— Bid. Ask. Amer Central Life 550 Amer Creosotlng Cos pfd 101 Belt R R com 66 69 Belt R R pfd 58Is ... Cent Ind Power Cos pfd 02 95 Cities Service Cos com ........ 46U Cities Service Cos pfd 89% . . •Citizens Gas Cos com 56’ i 57 Citizens Gas Cos pfd 107 Commonwealth Loan Cos pfd.. 9914 Equitable Securities C 6 com.. 51 Hook Drug Cos com 2914 .•. Indiana Hotel com 125 Indiana Hotel pfd 101 Ind Service Corn pfd : 87 •Indianapolis Gas com ....... 60 Indpls & Northwestern pfd... 52 Indpls P& L 6*/aS pfd 98?i 100 .Indnls P & L 7s pfd 97 100 Indianapolis St Rv pfd 38 40 i Inupls Water Cos pfd 103 Indpls Water Wks Sec C 0... 98E ... Interstate P Ser pr lien pfd..lool.i 101 Interstate P S 6s pfd 85 Merchants Pub Util Cos pfd.. 100 ... / North In Pub Service pfd 93 96 Progress Laundry com 22 3 i ... Pub Sav Ins Cos 2 Rauh Fertilizer pfd 50 Real Silk Hosiery pfd 95 T H I & E com 2 T H I & e pfd 21 T H Trac & Lt Cos pfd 92 Union Trac of Ind com 1 Unton Trac bf Ind Ist pfd 7 Union Trac of Ind 2d pfd.... .. 2 Union Title Cos com 92 Vcn Camp Pack Cos pfd 5 Van Camp Prod Ist pfd 95 Van Camp Prod 2d pfd 95 * Ex-dividend. —Bank Stocks— Aetna Trust and Sav Cos 11A Bankers Trust Cos 132 Citv Trust Cos 150 Continental National 118 125 Farmers Trust Cos 240 Fidelity Trust Cos .162 Fletcher American 170 Fletcher Sav and Trust C0....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 tWash Bank and Trust Cos .160 f —Bonds— Belt R R and Stockyards 45... 90 Broad Ripple 5s 80 Central Indiana Gas 6s 98 ... Cent Ind Power Cos 6s 103 Chi S Bend & N Ind 5s 34 Citizens Gas Cos 5s 102 Vi ... Citizens St RR 5s 8614 89 Gary St Ry 5s 89 91 Home T and T of Ft W 6s. ...103 Indiana Hotel 5s 9914 ... Indiana Northern 5s 2 Ind Rv arid Lt 5s 95 Ind Service Corp 5s 9214 ... Ind Union Trac 5s 3 Indpls Col Sc So 6s 99 101 Indpls Gas Cos 5s 100 Indpls & Martinsville 6s 80 Indpls Northern 5s 24 26 Indpls & Northwestern 5s 80 82 indpls Power and Lt Cos ss 97 98 Ihdpls St Ry 4s 6714 69 Indpls Trac and Term 5s 95 96 Indpls Union Ry 5s 101 ... , Indpls Water 614s 103% ... Indpls Water Ist 5s 99 Indpls Water 414s . 96 ... Indpls Water Wk Sec Cos 6s 100 Interstate Pub S 6s 103 ... Interstate Pub S Bs Bias 105 ... N Ind Pub Serv Cos 5s 9614 ... T II I & E 5s 87 T H Trac and Light 5s 99 •••., Union Trac of Ind 6s 17 I8!a —Liberty Bonds—--Ist 314s 100.70 100.88 Ist 4%S 102.90 103.04 2d 4V*s 100.30 100.50 3d 4'/s 100.74 100.90 4th 4'4s 103.74 103.90 US Tr 414s 112.00 113.00 U S Tr 4s 107.30 108.00 ÜBTr 3% 104.80 105.00 ua Tr 314 100.00 loo.io —Sales—--10 shares Indiana National Bank... .26614 $3,000 Indpls. St. Ry 4s 68 COOLIDGE AT OFFICE Receives News on Opening of Disarmament Parley. Bu Vvlted Press RAPID CITY, S. D. June 20. | President Coolidge was at his desk in the executive offices early this morning and was greeted by several White House attaches. He received a number of dispatches from Washington on the program of the naval disarmament conference, which opened at Geneva, but had no comment to make. Several callers, including Herbert Hollenberg, Minneapolis bank examiner, called to pay their resplects.

New York Stocks

“By Thomson Sc McKinnon-

—June 20— Railroads— Prev. High. Low. 12:00 close. Atchison 101 179 181 180% At Coast L 185% 185 185% 187 B & O 118% 117% 118% lIBV2 Can Pacific 178% C & O 182 C & N W 89% 69 89% 89 C R & P 114 113 113 114 Del & Hud 223% ... 221 223 Del & Lack 165% ... 165% 165 Erie 53Vs ... 52% 53 Erie Ist pfd ... 586 58% 58% 56% Gt No pfd 92% 91% 91% 92 Lehigh Val 129 127% 128% 127% K C South .... 63% 61% 63 61 L & N 142% ... 142% 142% M K & T 55 ... 54% 55% Mo Pac pfd ....107% 107 Vi 107% 107% N Y Ota 153'% 152% 153% 152% N Y N H & H 55 ... 54% 53% No Pacific 89% 89 89 % 89 Nor & W 185 184% 184% 184 Pere Marq 129 ... 129 129 Ptansy 63% >... 63% 63% Reading 118% ... 118 118% Southern Ry ....127% ... 127 127 Southern Pac ...114 113% 113% 113% St. Paul 16% ... 16% 16% St Paul pfd 30 Vs 29% 29'% 29% St L & S W... 91% 90% 91 90% St L & S F 115 ... 115 114% Union Pac 173% .. 173% 173% Wabash 77% 76% 77 77% Wabash pfd 101 Rubbers— Ajax 9 . “ 9 8%. FlSk 15% 15% 15% 15%. Goodrich 54% ... 54% 54% Goodyear pfd ..114% . . 114% i13% Kelly-Spg 23% 22% 22% 23 U S Rubber 40% 39% 39% 40% Equipments— Am Car & F....103 ... 103 103 Am Loco 110% ... 110% 110% Am Stl Fd 48% ... 48% 48% Bald Loco 224 220% 223% 220% Gen Elec 104% ... 103% 104% Lima 65% ,\. 65% 67 N Y Air 8k... 46% ... 46-% 46% Pres Stl Car 59 Pullman 183 182 183 183 Wsth A B 171% ... 170 172 With Elec 74% ... 74% 74% Steels— Bethle 49% ... 49 49% Colo Fuel 89 86 88% 89% Crucible 85 ... 85 85 Gulf St Stl 50 ... 50 49% Inland Steel 50% ... 50% 50% Phil RC & I 42% 41% 42% 41% Rep Steel 65% ... 65% 66 SI Shell 124% ... 124% 126 U S Steel 122 120% 121% 133 Alloy 29% Vanadium 48 Motors— Amer Bosch .... 15? 8 15 15" 16 Chandler 22 Vs l Chrysler 49 % 48 49 48 V* I Con Motors .... 11% ll 11% n Dodge 22 21% 22 21% Gabriel 45% ... 44% 45% General Motors 204% 202% 204 203 Hudson 85% 84% 85% 85% Hupp 19% ... 19% 19%. Jordan 18 18 18 Mack 108% 106% 104% 10747 1 Mar Par. 17 Moon 7% ~. 7% 7% i Nash 64% ... 64Vs 64V* Packard 35 ... 34% 35 i Peerless 24% ... 24% 23% Pierce-Arr 16% 16V* 16% 16 Studebaker 50% .. 50% 50 1 • Stewart Warner 64V* 62% 63 62% ! Timken 101 ... 101 101 Willys-Overland. 20% ... 19% 20% Wnite Motors ... 42 39% 40 43% 1 Mining— Amer Smelt ....160 159% 159% 159% Anaconda 45 44% 45 45 , Cer De Pas 60 ! Insplr ... . . 141Int Nick 66% 64% 60% 66% Kennec 62% ... 62% 62% Tex Gas 6c Sul. b 4% 63% 63% 6* % U S Smelt 36 Oils— At Ref 120 117% 120 118% Cal Pete 24% • 24 a,** Freep Texas .... 69% 68% 69 69-% Houston 163% 155 161 Indp Oil 19% ... 19% 19% Mariana C 36Vs . . 3o's 36 Mid C Pete 31 30% 40 * 31% Pan-Am Pete B 59% 58% 59% 59 Phil Pete 43% ... 43 1 43% Union OH 42% ... 42V* 42% Pure Oil 26% ... 28% 26V* Royal Dutch ... 49% ... 49% 9-.* Shell 27% 27% 2/% 2. * Sinclair 17% ... 17 17% Skellv 27% ... 27% 27% Ota Oil Cal 53% ... 53% 53% Std Oil N J .... 36% 36% 36% 38% Std Oil NY 30% ... 30% 30% Texas Cos 48% ... 47% 48% Trans Pete .... 9% 8% 9 9% Industrials— Adv Rumelv 12% Allis Chaim 108 Allied Chem ... Hi 140 141 140% Armour A 10% ... 10Vi 10% Amer Can 54% 03% o3Vt •* Am H-L 9% ... 9% 9 Am H-L pfd 62% Am Safety R . . 47% ... 47 47% Am Wood ... ... 18% Central Leath 14% Coca Cola 116% 116 116% 116 Cont Can 71% ... 71% 72 Cert Pv.ods 52% Dav Chem . . 30% . . 30% 29% DuPont 243 ... 243 243% Famous PI .... 104 103% 103% 'Gen Asnhalt . . 76% 75% 76 75% Int C Eng .... 46% ... 45% 45% Int Paper ... 41% Tnt Hrv 179% ... 179 179% Mnv D Sta ... 694, ... 69 69% Mont Ward . . 68’, 66 66% 66% Natl Lad 100% ... 100% 100% Owen Bottle .. 76% . . 767, 76% Radio 52% 51 52% 51% Real Silk 20 ... 29 28% Rem Tvpe 43% 4,1% 43% 4*% Recs-Roeb .... 59 % 53'% 59 Vi 58'/a United Drg 166 Unlv Pipe 294* U S C I P 228 . 223 228% US In A1 81% 80'/s 80 1 2 807, Wootworth 141% ... 141% 141% Utilises— Am T & T 165% ... 164% 167% Am Express ...134 ... 134 135 Am W W 92 ... 92 92% Brklvn Man 61 Vi 59% 60'4 62% Col Gs Sc El 94% ... 94% 94% Cons Gas 102 101% 102 102% Interboro ... ... 40 No Am Cos 497,, 49% 49% 49% Peoples G 141% 141 141 142% S Gas & E 1... 61%% ... 61 61.% West Union 167% Shinning— Am In Corp... 52 50% 51% 51% Am S & C 4% Atlantic G 38% In M M pfd 51% 50% 51 51% United Fr ... 129 ... 129 129% Foods— Am Sugar 89'% ... 89% 89% A B Sugar .... ... 20% Austin N 5% Beech N 51V* Calif Pkg 63 ... 63 63 Corn Prods 55% 54% 54% 55% Cuba C pfd 39% Cuba A Sug 23 Fleischmann ... 55Vi ... 55 54% Jewel Tea 59 Nat Biscuit 130 .. 130 130% Punta Ale 38% 38 38% 38% Postum 102% ... 102 102 % W Bk B 23% ... 23 23% Tobaccos— Am Suma 55% 54% 55 55% Am Tob 135 Va ... 135% 135*4 Am T B 135 ... 135 13414 Cons Cigars 81% ... 81% 81 Gen Cigars 64% Liggett 118% ... 117% 117% Lorillard 32% 31% 32% 51% R J Rey 136% ... 136% 137 Tob P B 102 ... 101% 101% U Cig Stor 89% 88% 38% 88% Schulte R S 54 ... 54 54

Local Wagon Wheat

Local grain elevators are caving $1.35 for No. 2 red wheat. Other grades are purchased on their merits. OWNER REGAINS CAR AND CAPTURES YOUTH F. W. Gisler Does Policeman Act v After Auto Is Stolen. Walking home at 2:30 a. m. after his car had been stolen, F. W. Gisler, 826 Sanders St., saw the auto being driven past him near his house, leaped on the running board, subdued the alleged thief and took him to police headquarters. The car was stolen from 1239 Broadway. Police charge that Clifford Wick, 22, of 1214 Naomi St., and Jack Durett, 18, of 1874 Barth Ave., took the car for a joy ride. They say Wick took Durett home and was returning to the business district when Gisler caught him. Both youths are being held. ACCIDENTAL SHOT FATAL Bu United Press WASHINGTON, Ind., June 20. Accidental discharge of a shotgun I proved fatal to Edna Inman, 12. She i died Sunday afternoon after the j amputation of her left arm. Funeral servees will be held Tuesday. • With her grandfather, Sam Clark, and mother, Mrs. Charles Inman, and friends, the girl went to Jackson’s pond to fish, Saturday. As her grandfather opened the door of the automobile, hi dislodged the shotgun and the hammej) fell, wounding the girl. Her arm virtually was tom off and she was wounded in the chest.

PORK MARKET NOT CHANGED; TOP AT $940 Steers and Sheep SteadyCalf, Cow and Lamb Markets Decline. —Hog Prices Range— June Bulk. Top. Receipts. 13. 8.754119.35 9.40 6,000 14. 8.754i 9.25 9.35 9,000 15. 8.75419.15 9.20 8.500 16. 8.7509.15 9.1.6 7,000 17. 8.75 fa 9.10 9.15 8,000 18. 9.0009.35 9.40 4,500 20. 8 7509.35 9.40 6.500

The hog market opened the week with generally steady prices today. Some butchers were off 5 to 10 cents, but most meat animals were unchanged. Chicago's market was 5 to 10 cents lower, $9.10 being its early top. At the Indianapolis stockyards the high mark was $9.40, the same as Saturday, while most sales were at $8.75® 9.35. Estimated receipts were 6,500 and holdovers amounted to 148. Hog Price Range Material in the 160-225-pound class went at $9.25® 9.35, some at $9.40; 225-275 pounds, $9.10®9.25, and 275 pounds up, [email protected]. Pigs brought $9 down, packing sows. $7.50® 8 and smooth light sows were quoted at $8.25. In the cattle market, where recepits were 900, steers were steady and cows lower. Beef steers sold at $9.75@12; beef cows, $6.25®2.85; low cutters and cutter cows, $4.25 ® 5.50; bulk stock and feeder steers, $7.25® 8.50. Falls Back The decline of around 50 cents in the calf market practically offset the gain made Saturday by an advance of about the same amount. Best vealers brought $12.50, others selling down to sl2. Receipts were 500. Lambs were weak to lower and sheep steady on a msrke.t that was slow in developing. Top fat lambs were sls; bulk fat lambs, sl4® 14.75, and bulk cull lambs, $8.50® 10. -HogsReceipts. 6,500: market, steady. 90-130 lbs $8.25® 9.00 130-ieo lbs 8.754x9.25 160-200 bs 9.254i 9.40 200-250 lbs 9.00®9.35 250 lbs. up 8.7547 9.15 —CattleReceipts. 900: market steady to lower. Beef steers S 9.75 V, 12.00 Bulk stock and feeder steer3.. 7.25® 8.50 Eeef cows 6.2541 8.25 Low cutters and cutter cows. . 4.25® 5.50 —Calves— Receipts. 500; market lower. Best vealers .$12.00/12.50 Heavy calves fi.OOifiO.OO —Sheep— Receipts. 200; sheep steady; lambs weak to lower. Top fat lambs $15.00 Bulk fat lambs 14.00® 14.75 Bulk cull lambs 8.50® 10.00 Other Livestock Bu Unite!} Press CHICAGO, June 20 -Cattle -Receipts, 22.000: good to choice fed steers and yearlings steady, others uneven, steady to 25c lower; grass cows and heifers, 15<//25c oft; bulls sharing decline: vealers, 8041 75c lower; stockers and feeders scarce, slow; best heavv fed steers, $13.85. lower grades predominating; weighty steers and bulls scarce: bulk fat steers at values to sell at $12.50 and down; stockers and feeders mostly $7.75® 9; largely, $11,504/ 12, market on vealers. Sheep—Receipts, 15,000; markte slow, very few early sales native lambs, 25c or more lower; spots off 50c: early bulk medium to good natives, $14.50 ® 15; best natives held above $15.25; no westerns sold; choice Idaho lambs held above sl6; very few early bids on cull lambs, around $lO4/10.50; sheep steady; fat ewes. $5.5006.25; best held higher; choice feeding lambs held around $i3.50, steady with close of week. Hogs—Receipts, 50,000; market, generally steady; heavyweights. $8,504; 8.95; mediumweights, 53.7547.9.15; lightweights. $8,604/9.15; ilgnt lights. $7,754/ 9.10; packing sows. s7.3j'/ 8.25; slaughter pigs. $7.754/3.75. lln United I‘rrss CINCINNATI, June 20.—Hogs—Receipts. 4,900; holdovers, 200; market steady to 15c up: 250-350 lbs.. $8.50®9: 200-250 los.. $9"/< 9.50; 160-200 lbs., $9.364(.9.50; 130-160 lbs.. $9.25® 9.50: 90-160 lbs., $74/ 9.35; packing sows, s7® 7.50. Cattle—Receipts. 1.400; calves. 750: market steady to 50c higher on veals; beef steers. >9011.75; light yearling steers and heifers, $9.25® 11.75; beef cows. $6®7.50; low cutter and cutter cows. s4@s 25: vealers. $lO4/12.50; bulk stock and feeder steers. $8418.75. Sheep Receipts. 1,000; market, sheep steady, lambs steady- top fat lambs, $18; bulk cull lambs. $10012; bulk fat ewes, s4@6. Bu Times Special LOUSVIILLE. Kv , June 20. 1927.—H0gs —Receipts, 2.008; market, 5c higher; tops. $8.90. Cattle—Receipts. 1.000; market, best strong, other slow. Calves—Receipts. 700: market steadvt good to choice, $lO <5:11.50; medium to good. $8.50010; outs. $8 down. Sheep—Receipts. 3.000; market, lambs. 25c higher; steadv mixed lambs. sls; ewes and wcthcr3. $15.50; seconds. $10.75; sheep. $3.5005.50. Bu United Press EAST ST. LOUIS. June 20.—Hogs—Receipts. 12.500: holdovers. 1.235: market, slow and weak: 250-350 lbs.. $8.75®9.10; 200-250 lbs.. $8.904?9.25: 160-200 lbs.. $94/ 9.30: 130-160 lbs.. $8.2509.30: 90-160 lbs.. $809: packing sows. $7.7508.20. CattleReceipts. 5,000: calves. 3,000: market, slow; beef steers. $9.90011: light yearlings steers and heifers. $8,504/ 10.25; beef cows. $6,504/7.50; low cutter and cutter cows. $4.50415.50: vealers. $12.25: heavv calves. [email protected]; bulk stock and feeder steers. $7.2508.75. Sheep—Receipts. 4.000; market, indications lower: top fat, lambs. sls: bulk cull lambs. $9.50; bulk fat ewes, $4.5005.50. Bn Unit'd Press CLEVELAND, June 20.—Hogs—Receipts. 4.600: market steady to 10c lower: 250350 lbs.. 8.75©9.40; 200-250 lbs., $9.40% 9.65; 160-200 lbs.. $9.5009.65: 130-160 lbs.. $947 9.65; 90-160 lbs., $9: packing sows. $7.2507.50. Cattle—Receipts. 850; calves. 1,000; market 25c higher; beef steers. $9.75 011; light yearling steers and heifers. $lO @11; beef cows, $6.5008: low cutter and cutter cows. $4.50® 5.50; vealers, sl2® 14. Sheep—Receipts, 1.200; market steadv: top fat lambs, sl6; bulk cull lambs, $11.50® 12.50; bulk fat ewes. $44/6. B" United Press ~ EAST BUFFALO. June 30.—Hogs Receipts, 10.000: holdovers. 490; market weak to 10c lower: 250-350 lbs.. $3.90@ 9.50; 200-250 lbs.. $9.40479.75; 160-200 lbs.. [email protected]; 130-160 lbs., $9.2509.60; 90-160 lbs.. $9.25®9.50; packings sows. $7.25® 8. Cattle—Receipts. 1,400; calves, 1,700- market, 50c higher; beef steers, slo® 12.25; light yearling steers and heifers. $10,504? 12.25; beef cows, >6.3308; low cutter and cutter cows. $4,504/ 4.75; vealers. $13.50014. Sheep—Receipts. 1.400; market 50c lower; top fat lambs, $15.50016; bulk cull lambs, sl2<gl3; bulk fat ewes, [email protected]. If ll l ill ted Press PITTSBURGH, June 20.—Hogs—Receipts, 3.000: market, active to 25c higher; 250 to 350 lbs.. $9(09.50; 200 to 250 lbs., $9.50(0 9.75; 160 to 200 lbs., $9.50010.10; 130 to 160 lbs., $9.35(77 9.50; 90 to 160 lbs., $94; 9.25; packing sows. $707.50. Cattle—Receipts. 850; calves. 1,400; market, steadv to strong: beef steers, $10.50012.25; light yearlings steers and heifers, $8.50479.75; beef cows, $708.50; low cutter and cutter cows. $3.5005.50: vealers. $13013.50' heavye calves. $54712. Sheep—Receipts 23: market* steady; wethers, $8.50; top fat lambs, >l6. K Bu United Press TOLEDO. June 20.—Hogs—Receipts, 500; market. 10©15c lower; heavies, >B.so®' mediums. $8.75479.15: Yorkers. $8.25479.25 : good pigs. [email protected]. Calves—Receipts', hght; market, strong;. Sheep—Receipts, light; market, slow. Cattle—Receipts, 100; market, steady to 50c lower. Reports Husband Missing Robert Cox, 35, Clermont, Ind., left home Saturday noon in his uniform to plaay with the Link Belt baseball team and has nto returned I home, his wife reported to police"toI day. I t 1 Don’t forget to vote Tuesday.

THE INDIANAPOLIS TIMES

Produce Markets

Butter (wholesale pricel Creamery, best grade, a pound. 434745 c. Butterfat—Local dealers. 41® 42c. Eggs—Strictly fresh delivered at Indianapolis. 160.18 c dozen. Poultry (buying prices)—Hens, large breed. iB4Tl9c; Leghorns. 13@15c: old roosters, 8610 c; springers, 2 lbs. up. 250 27c; 1% to 2 lbs.. 22c; Leghorn blaelcs and small, 18@20c; ducks, 13@15c: geese. 80 10c: guineas.- 35c: turkevs. young toms, and hens. 20c; old toms, 15(02Oc. I Bn United Press NEW YORK, June 20.—Flour—Inactive, but steadv. Pork—Steady; mess, $33. Lard —Steady; middlewest. $13.15® 13.25. Sugar ! —Raw. steady; 96 test, 4.52 c; refined, steadv; granulated. 6.1006.20 c. Coffee— Rio No. 7,15 c; santos, 16%4i17c. Tallow —Steady; special to extra. 7%@7%c. Hay —Quiet: No. 1. $1.25; No. 3, >1.0501.10; clover, sl4/1.20. Dressed poultry—Steady; turkeys, 25® 46c; chickens. 204/ 40c; capons. 30@46c; fowls. 14029 c: ducks, 1822 c; Long Island ducks, 23@24c. Live poultry —Dull; geese. 10® 12c; ducks, 12® 25c; fowls. 164/ 24c; turkeys. 2547 30c: roosters. 15c; broilers, 2047 38c. Cheese —Quiet; State milk, common to special. 27® 28c; young Americas, 24%@25c. Butter —Firm: receipts. 12.671; creamery. 42c; special market. 42%@43c. Eggs—Firmer; receipts, 18,753; nearby white fancy. 32@34c; nearbv State whites. 240 31cf'fresh firsts. 23® 23%c; Pacific coast, first to extras. 2447 34c; western whites, 22® 26c; nearby browns, 27@32c. Potatoes—Sweet Jersey, basket. $lO 3; southern. $2.500 6.25; Maine, $4.75@6; Bermuda No. 1. $6.25@7. 111 / United Press CLEVELAND. June 20—Butter—Extra In tubs. 430 45c; firsts, 40®41c; seconds. 37% 4?38%c: packing stock, 28c. Eggs—Extra, 26%c; extra firsts. 24%c; firsts, 23c; ordinaries, 20c. Poultry—Medium fowls, 210 22c; heavv. 216 22c; Leghorn. 164718 c; heavy broilers. 32'/35c; Leghorn, 224/25c; roosters. 14®15c; ducks. 25® 28c; geese. 17 018 c. Potatoes—South Carolina stave barrel cobblers, best $6.5006.75; Virginia In barrels. $6.7507.25. lhi Unit'd Press CHICAGO. June 20.—Butter—Receipts, 24.514; creamery. 38 1 2 di 39c; standards, 39%c; firsts. 364/37c; Seconds, 33035 c; extras. 39%c. Eggs—Receipts, 27.452; ordinaries, 20'//21c: firsts, 220 23c: seconds. 19 1 _-c; extras. 23%c. Cheese—Twins, 22** 023 c; Americas. ,23%c. Poultry’—Receipts, 6 cars; fowls, heavv. 19%e; springs, 34c; ducks. 22623 c; geese, 13c; spring geese. 22c: turks, 29c: roosters, 13c: broilers. 25c; leghorns. 15c: Leghorn broilers. 20022 c. No report on potato market today. PROSPECTS FOR STATE’S WHEAT CROP DWINDLE Wet Weather and Sunshine Lack in May Have Bad Effect on Crop. Bn Ti nes Soeeinl LAFAYETTE. Ind.. June 20. Prospects for 1927 Indiana wheat crop* dwindled nearly one million bushels .in May the monthly crop report from the bureau of agricultural Statistics, Purdue University, shows. This was due primarily to wet weather and lack of sunshine. Condition reported June 1 was 84 per cent of normal, compared to 80 a month earlier, 78 a year ago and 30 for the ten-year average. Condition of 84 per cent forecasts a production in Indiana of 28.778,000 •bu&cls. Production last year was 33.040.000 and the ten-year average is 32,459,000. Rye at 85 Per Cent Condition of rye is reported as 35 par cent of normal, compared with 88 last month, 83 a year ago and a ten-year average of 83. The productioii forecast June 1 was 1.820,000 bushels, compared with forecast of 1,849.000 a month ago and 2,102,000 a year ago. Oats was reported in the same condition as a year ago, 74 per cent, but 10 points below the tenyear average. Prospects were reported as especially poor in the south part of the State, although that section usually does not grow a large acrage of oats. Condition of barley, reported as 77, is 5 points below last year and 6 below the. ten-year average. Tame hay condition is 86, four points above the ten-year average and 12 points higher than last year. The change the last month was ft decline of two points, v ith a shortage of sunshine generally reported as the cause. Pastures Arc Better Pastures rose during the month six points, making them 95 per cent for normal, 13 points above last j’car and seven above the ten-year average. The peach crop forecast is 290,000 bushels, or 29 per cent of normal. Last year the report was for 900,000 bushels. Southern Indiana growers reported better crop prospects than those in northern Indiana. Apples were reported as 49 per cent of normal, against 80 per cent normal at the same time last year.

Commission Row

PRICE TO RETAILERS FRUITS Apples—Box apples—Winesaps, $3.50(9 4. Extra lancy barrel apples—Ben Davis. f-teri 4.2s. Fancv barrel apples—Ben Davis. [email protected]. Basket apples, 40-lb. basket— Ben Davis, $1.2501.59. Apricots—California. 25 lbs.. $3.75. Bananas—4(ftsc 10. Cantaloupes—California standard crates. $5; ponv crate $4: flat crates. $1.75. Cherries—California. $3.50@4 box (8% ibs.t; H. a.. 24 ats., $4. Gooseberries—lL G„ $2 half bu. Grapefruit—Fancv, $4.75® 5.50. Lemons—California. $6(88.50. Limes—California. $3 per hundred. Oranges—California Valencias crate. $3 25(/?8. Pineapples—Cuban. $404.25. Plums—Cklifbrnia. 25 lbs., $3. Raspberries—H. G. red. 24 pts., $5; H. G. black, 24 pts.. $4. Strawberries—Tennesse. 24 quts., $4&6. Watermelons Florida (average 30 lbs.). [email protected]. VEGETABLES Asparagus—H. G. fancv white. 40 0 50c doz.; green. $1(011.25. Beans—Green. $5 hamper. Beets—H. G.. 85c 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. $2.2502.50. Celery—Florida. 3 and 4 doz crate $6: Mammoth, (washedl $1:50(01.75 doz. Corn—Texas. $2 bu. Cucumbers—Hothouse. $1(01.25. Garlic—California. 12%c lb. Kale—H. G.. 90c bu. Lettuce—lceberg, crt.. $6.5007: H. 0.. hotbed. $1.50 15-lb. basket. Mangoes—Florida. $2,500 3 basket. Onions—Texas vlow. $3.25; white. $4 crate: H. G. green. 65c doz. Parsley—H. 0.. 75c dozen. Peas—California. $3.50 hamper. Potatoes—Michigan whites. 150 lbs.. $8; Maine Green Mountains, 150 lbs.. $8.50; Virginia Cobblers, $7.50 bbl. Radishes—H. G.. long red. 2SGSOC: hothouse buttons, 40® 600. Rhubarb—H. G.. 40c doz. Spinach—Texas, $1.50 bu. Swpet potatoes—lndiana Jerseys. $2 bu. Tomatoes—H. G. hothouse. 10 lbs.. $2.35; Texas pinks. $1.35 crate.

In the Cotton Market

(By Thomson Sc McKinnon) NEW YORK. June 20.—A cotton market that has advanced steadily, with only i minor setbacks for six months, must (• have some technical weakness. It mav | be in the contract division or it may be in the holdings of the actual. Don’t l let your profits get away from you and confine vour purchases to periods following good reactions.

WHEAT CLOSES LOWER; OTHER CEREALS DROP Major Grain’s Prices Movq Through Range of 1 to 2 Cents. 81l United Press CHICAGO. June 20.—Wheat was unsettled and nervous within a range of 1 to 2 cents on the Chicago Board of Trade today, with prices generally holding well above the previous close. Liverpool was strong, %c to lc higher and weather and chrop news was unfavorable. Some points in Kansas had heavy rains, with the Kansas City strong in consequence, and showers were pretty general throughout Canada, out Northwest, West and as far south as Kansas. The closing was Inc off to %c higher. Corn met with considerable selling the greater part of the session and prices averaged lowrc. Offerings came from commission houses, while local Dulls were the principal buyers. The weather over the belt was generally favorable. Corn closed l'ic to l%c lower. Oats were easy at the start and did n6t show much strength at any time, although there was a little commission house buying. The close was ’sc to %c lower. Receipts were 28 cars. The cash market was unchanged. Provisions weer lower and without feature. Chicago Grain Table —June 20 - 1 wheat— Prev. High Low. 12 00 close. July 1.47% 1.45% 1.47 1.45% September ...1.44 1.43 1.43% 1.43 CORN— JtilV 1.00% 98% 100 1.00% September ...106% 1.01% 105 1.06 OATS July 48 % .48% .46 % ,48 s s September ... .48% .48 18% .48% July 1.17% 1.16 1.17 1.16 5 s September ...1.05 104 1.04% 1.04 , LARD— July 12.70 12.67 12.75 September .12.90 12 87 12.90 12 95 October 13.00 .... 12.97 .... RIBS - July 12.10 September 12.35

In the Sugar Market

/By Thomson 6c McKinnoni NEW YORK. June 20.—Indications ere that the weakness has run Its course for the time being. There Is evidence of greater Interest by refiners with investment buyers of the later months. News from Cuba was bullish with unfavorable crop news and with an announcement by President Machado that he would not lift the restrictions until alter the July crop. I would recommend purchases at these levels or on any further dips. CHICAGO, K. C. HIT BY STORMS Missouri Homes, Wheat Crop Destroyed. Bu United Press CHICAGO, June 20 —Heavy rain l ? early today flooded streets and caused considerable damage in Chicago. On the north side, water, more than a foot deep, tied up traffic on the principal boulevards. A section of a street caved in and a taxicab fell into the hole. Hundreds cf persons, coming from down town theaters, were marooned for more than an hour. KANSAS CITY. Mo., June 20. heavy damage to homes and destruction of many acres of wheat in Kansas was done by storms in the southwest over the week-end. Winds approaching tornado proportions accompanied by heavy rains swept several States. Streams left their banks in several parts of Kansas, sweeping over halfcut wheat crops with resultant heavy damage. Parsons reported a $20,000 damage and other thousands added in the country-side nearby, with 3.5 inches of rain. Salina, Burlington. and other towns reported rains of more than four inches. HUGE WEIGHT HITS BOYS Half Ton Crushes Legs of Two Children. Although a 1,000-pound weight fell on him and it was believed at first his injuries might be fatal, Robert Deering. 9, of 432 S. Alabama St., das reported improved at city hospital today. Young Deering and William Carlisle, 9, of 249 E. South St., both received broken legs when the cable supporting the weight on the Are escape at the McLaughlin Underwear Company, 229 E. South St., broke. They had been playing with the weight, police said. EVANGELISTS’ DRIVE ON Clarence H. Erickson Begins Series at Cadle Tabernacle. The Rev. Clarence H. Erickson, former Hoosier, opened a three weeks’ evangelistic campaign at'Cadle Tabernacle Sunday. Services will be held each night except Saturday and Sunday afternoon and evening. Mrs. Erickson leads the song service. The Indianapolis Gospel Chorus, directed by Will Hitz, will sing. The Mr. Erickson just has completed a nine weeks’ campaign at Anderson. CIT HALL WILL CLOSE Only Public Building to Suspend Business All Election Day. The city hall will be the only public building to close all day Tuesday because of the city manager election. it was announced today. The Courthouse will be closed at noon and employes at the Statehouse interested in the election will be allowed to have the day off. Banks and stores will not be closed.

Heads Lions

Irving L. Camp

Johnstown tPa.> coal man, named president of Lions International, 1927-28.

U, S. PROPOSES LESS, SMALLER FIGHTING SHIPS Alternative Offered England and Japan at Geneva Conference. By T niff'* Prc** GENEVA, June 20.—Proposals for limitation in number or reduction in size of war craft from battleships to submarines were submitted today to President Coolidgcs naval limitations conference, which convened here. Immediately after the American proposal for the extension of the 5-5-3 ratio to cruisers, destroyers and submarines had been presented, W. C. Bridgeman, principal British delegate, proposed that battleship tonnage be reduced from 35.000 to 30,000 tons and that size of guns be reduced from 1G to 131 - inches. The negotiations expected to determine the success or failure of world-wide arms limitatitfns. Accord Expected Bu I nited Press WASHINGTON. June 20—Differences between American and British proposals for limiting auxiliary naval craft, presented to the Geneva three-power conference today. are not serious enough to prevent agreement, according to administration circles here. The basic American principle for a 5-5-3 ratio for the United States, Great Britian and Japan is apparently accepted by Great Britain, it is pointed out. This governmentill probably accept the British proposal for limiting size of submarines. PUBLISHER AVIATOR ARRiVES AT BAGDAD Baltimore Man’s Flight Is Spur to Air Mail Plan. Amsterdam June 20.—Van Lear Black, publisher of the Baltimore Sun. was in Bagdad today and expected to proceed in his Fokker air yacht to Bunderabbas. en route to Batavia. Dutch East Indies. Black reached Aleppo Saturday from Constantinople and departed Sunday for Bagdad despite unfavorable weather. The American air enthusiast left Amsterdam June 15, and stopped at Budapest en route to Constantinople He was accompanied by two Dutch pilots, a mechanic and a valet. Asa result of Black's venture, the Dutch government may establish a commercial air line between Amsterdam and Batavia.

Coulter Back on Commission

i m ill § * I J ' V

Stanley Coulter

Dean Stanley Coulter, Purdue University, was re-elected chairman of the State Conservation Commission for a third term at a commission meeting Saturday night at Potawatomi Inn, Pokagon State Park. It was voted to dedicate a hill at the park to the memory of the late Charles R. Dryer, of Terre Haute Normal, noted Indiana geographer and geologist. Former students are to erect a stone grouping as a memorial. The late James Watkinson Lilly, Indianapolis, will be similarly honored by a stone bench and bronze plaque at Clifty Falls park. This is to commemorate his long service as trustee of Southern State Hospital. Purchase of 285 acres in Clark county iit approximately $lO an acre was voted. This will be added to the forest reserve, making a total of 4,742 acres in the county. Resolution of thanks for the Potoka Coal Company gift of 157 acres at Turkey Rim was voted.

The City in Brief

Extensive improvements arc being made at the St. John's Academy, W. Maryland St. and Capitol Ave., which will make the building practically fireproof. New floors and a new roof are being installled.

William H. Meub, general agent for the New England Life Insurance Company, Boston, has been elected president of the Indianapolis Association of Life Underwriters. Other officers are: Homer Day, Prudential, first vice president; W. H. Tennyson. Mutual Benefit Assurance Company, second vice president; Clarence Sweeney, State Life of Indianapolis, treasurer, and Edgar Webb, Equitable Life Assurance Society of New York, secretary. Directors are Frank L. Jones, Richard Habbe, A. E. Baker, Tennyson and Meub. The Rev. C. H. Bcnting, pastor, and the building committee, headed by George J. Mayer, conducted ground breaking services Sunday for the $60,000 addition to St. Mark’s English Lutheran Church, Prospect and Linden Sts. Cornerstone ceremonies are to be held Aug. 7. The corner stone for the educational building, the new $45,000 addition to Immanuel Reformed Church, Prospect and S. New Jersey Sts., was laid Sunday. The 400 persons attending the service donated $2,782.12 to the building fund. Pastor Henderson L. V. Shinn announced. ■ Col. G. I*. Townsend, chief of staff of the 84th Division, United States reserves, will teach military science and tactics at Ohio State University. He leaves Aug. 1. Lieut. Col. William H. Patterson has been assigned acting chief here until a colonel is appointed to succeed Colonel Townsend. Harold C. Fennicke, manager of the planning and personnel department of the American Central Life Insurance Company, has been elected treasurer of the National Association of Office Managers. Officers were chosen at a recent meeting of the organization at the Edgewater Beach hotel. Fifty Blue Ribbon terriers, coming from cities throughout the state, were exhibited at Broad Ripple Park Sunday, under the direction of the Boston Terrier club. Evans King, 19, of 2059 Hazel St., was taken to city hospital with a wrenched back today after the truck he was driving on Hilldide Ave., turned over when a tire blew out. Superintendents of the Western and Southern Life Insurance Company will meet in a conference at the Claypool Tuesday. Superintendents from a number of Indiana towns, officers from the company’s home office at Cincinnati. (Ohio, and S. E. Johson, W. A. McGath, A. W. Kohstacc't and Edward Shoemaker, local superintendents, will attend. Officials of the Central Hospital for the Insane report William Cunningham. 43, escaped. He wore a blue serge suit, tan shoes and white shirt and straw hat. Police sought Mrs. Bertha Parker, 62, of 668 Russell Ave., today. She was last seen Friday when she left her home to hunt work. Purchase of the two-story brick building at East and Prospect Sts. by Germania Lodge, No. 129, Odd Fellows, was announced Monday. The lodge now occupies a hall across the street. Anew structure will be erected in two years. The tract was bought from Simon B. and Bertha fox, 546 E. Maple Road Blvd. Memorial services were held Sunday at a joint meeting of Knights of Pythias, auxiliaries, and Pythian Sisters in Castle Hall. 230 E. Ohio St. The Rev. J. A. Long, pastor of North Park Christian Church, delivered the address. , Dr. William A. Doeppers, city hospital superintendent, today announced the psychopathic ward will be maintained at city hospital despite the partial withdrawal of support from the Indianapolis Foundation. The hospital will maintain the regular staff and continue treating insane cases. Twentyfive patients are in the ward. Enrollment at Indianapolis Teachers College for the summer is largest in the last thirty years, according to announcement by Mrs. Alice Corbin Sies, president. There are now 625 students enrolled for the summer course. Four hundred was the largest enrollment in the summer of 1926. Chicago, South Shore & South Bend Railroad today filed petition with the public service commission for permission to issue $710,000 in trust certificates. The revenue is to be used to purchase equipment, the petition set forth. Written and oral examinations of applicants for the five positions as probation officers of the county Criminal and municipal courts will be conducted next week by Charles L. Chute of New York, secretary of National Probation Association. Twenty-nine men and twenty-six women have applied. Hay-Bar hut, erected by Hay-ward-Barcus Post No. 55, American Legion, at the Boy Scout reservation, was presented to the Indianapolis Council of Boy Scouts Sunday. Daniel Sowers, legion national Americanism director, and Mrs. Grace Hinkle, president of the post women’s auxiliary, took part in the ceremonies. Coroner Paul F. Robinson ordered the body of Melvin Parson, 25, of Rushville, Ind., taken to Rushville today, declaring that his death was due to burns received while working on a pole thera June 11, More deaths among children occur at the afje of 6 than at any other time, Statistics of isurance companies show.

PAGE 11

HIGHER GRAIN PRICES LIKELY, SAY EXPERTS Farmers Can Expect Better Market This Year, Chicagoans Assert. Bu United Press CHICAGO, June 20.—American farmers may expect higher prices for their crops this year, according to leaders of the Chicago Grain Exchange, interviewed by United Press today. Corn, especially, was predicted to reach heights not attained since war days unless there is decided improvement in weather throughout the country from now on until the end of the season. Wheat, likewise, is destined for higher levels with exporting countries unable to meet the demand. While farmers in certain territories may profit from higher prices, it is doubltful whether the industry as a whole will be benefited. Floods Harmful Constant rains, causing floods m many sections, and a generally lata and cold spring have retarded planting and cultivating to an extenti where excellent weather Is a necessity from now until .threshing has been completed. Unless this weather , materializes farmers will have small crops. Opinions of the various market! leaders follow: J. J. Eagley, of Logan and Bryan: “I look for generally higher prices throughout the market. Demands of importing countries will be higher this year.” J. Clark Dean, of Dean. Onativa and Company: “I am very bullish on corn. A right-about-toce in weather condition seems only possible way of wardingHpfl higher p-ices. Wheat—well I selling wheat on the bulges, but I’m very bullish on corn.” Sees Market Rise A. B. P.abcook of Babcock, Rushton A; Cos.: “We are of the opinion the present crop situation and prevailing demand will cause the market to rise considerably.” Jackson Brothers: ‘‘We are very, very bullish on corn. It will reach much higher prices on the long pull, although occasional setbacks may occur from time to time. Wheat, too, will go higher.” BLACK BOTTOM STAR IS COLORED COUNTESS American Negro Dancer Announces Marriage to Nobleman. Bp United Press PARIS, June 20.—Josephine Baker of Harlem, whose vivacious version of the black bottom won acclaim and fortune here, has become America’s first colored countess. To the aristocracy of Harlem Josephine wi/1 add her count when she returns from foreign travel. Josephine married Count Pepito Di Albertini, it was announced last night, on June 3, Josephine's twen-ty-first birthday. ‘‘He sure is a count,” Josephine said. “I looked him up in Rome. He’s got a great big family thera with lots of coats of arms and everything.” The marriage came as a climax to the spectacular career of the Negro girl who arrived here two years ago, to star in the first colored revue produced in Paris.

A Fnrnitnr Stor* 8!no* UN Sl7 £. Washington St.

N° w on A Saving* Indiana National Bank

SPECIAL Window Shades 36-Inch Oil OPAQUE SHADE 03C W. R. BEARD & CO. 453 E. Washington St.

y "jCVhnpUt*i

IDEAL Furniture Company 141 W. WashJ

BUSINESS WANTS YOU Prepare definitely and you can go to work at once. For particulars see, write or telephone Fred W. Case, Prin* cipai. Pennsylvania and Vermont, First Doog North V. W. C. A.. Indianapolis

OUTFITTERS TO THE WHOLE FAMILY Chain Store Buying Enable* 11* to Sell tor Less! GLOBE STORES Main store—33o W. Wash. St. Store >O. 2— 150 W. Wash. St.

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