Indianapolis Times, Volume 39, Number 45, Indianapolis, Marion County, 2 July 1927 — Page 11

JULY 2, 1927

SHARP UPRUSH OF 11 POINTS IN OALDWINSTOCK General Rally Comes When Call Money Eases Off to 4 1-2 Per Cent.

Average Stock Prices

Average of twenty industrials Thursday was 166.23. off .30. Average of twenty rails was 133.12, up .24. Average of forty bonds was 06.82, up .02. Bu United Press NEW YORK, July I—A general rally ensued In the stcok market today when call money eased off to 4% per cent from the renewal rate of 5 per cent. The feature of the day’s trading was the sharp uprush in Balwin, which suffered heavy losses in the previous session. This issue gained more than 11 points today and is now within a few points of its high for the year. Leading Advances. General Motors and Colorado Fuel gained nearly 3 points each on heavy trading. General Electric also found excellent support gnd moved up 2% points. Steel scored a gain of nearly a point. Stock market conditions were given a brighter complexion today, by the injection of huge July 1 interest and dividend disbursement into the situation. These payments were estimated to be the largest on record, totalling some $550,000,000. Significant Change With preparation for their settlement completed, credit developed an easier tone. Call funds dropped to 4% per cent after renewals had been arranged at 5 per cent. This softening was particularly significant in that it came in the face of withdrawals totalling $30,000,000 on the part of banks wishing to strengthen their reserve position. With the demand loan market able to withstand these losses and still working edgier, the outlook was considered promising for comfortable conditions next week. This prospect was brightened by the situation in time money.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $4,335,000; debits, $7,264,000. New tork statement Bu United Press NEW YORK, July I.—Clearings. $1,587,000,000; balances, $142,000,000. CHICAGO STATEMENT B Tuiv I.—Clearings. $144,000,000; balances, $13,000,000. FOREIGN EXCHANGE Bu United Press % NEW YORK. July I.—Foreign exchange closed irregular. Demand sterling. $4,851-4: francs, 3.91%c: lira 5.54 c. up .01; Belgas, 13.87 c: marks, 23.68%c: Montreal. .9984375 c; Russia, 5.15 c: Hong Kong, 49%c; Shanghai, 62%5: Yokohama, 47.3ic. New York Liberty Bonds —July 1— . Close. P. close. 3 1 is 101. 102.29 Ist 4%g 102.29 102.29 2d 414s 100.10 100.9 3d 4%S 100.27 100.27 4th 44s 103.21 103.20 Tr. 4%s 1952 108.7 113.5Tr. 4s 1954 113.6 108.5 Tr. 3%S 105.9 105.5 New York Curb Market —July 1— s —Closing— Bid. Ask. Anglo American 17% 18% Continental,pil 17 Galena Singal 6', 2 8 Humble Oil 56 % 56% Imp. Oil of Canada 41% 41% Indiana Pipe Line 68 69 Int Pete 28‘A 28% Ohio Oil 59 59% Prairie Oil and Gas 47% 47% Prairie Pipe Line 173% 175 Standard Oil, Indiana 66% 66% Standard Oil, Kansas 16Vi 16% Standard Oil, Kentucky 11l 112 Standard Oil, Nebraska 43 43% Standard Oil, Ohio 72% 73% Vacuum Oil 130 % 131% Mountain Prod 23% 23% NeW Mex & Ariz Ld 10% 11 Salt Creek Prod 27% 28 Land of Florida 18% 21 Curtiss Aero „ 30% ,31 Durant Motors, Del 8% 8% Dubllier 4 4% Elec Bond and Share 70% 71 Elec Investors 36 36% Fol® of Canada 475 480 Goodyear 50 50 %■ Midvale Company 27 28 National Leather 33% Reo Motors ’ 20% 21% Service Electric 3% 3% Stutz Motor 13 13% Cities Sarvice com 45-% 45% Cities Service pfd 81% 88 CiVles Service Bankers 22 V 2 24 Amer Gas 86% 87 % Marmon 47% 49

In the Sugar Market

(By Thomson & McKinnon) NEW YORK. July l. —Sugar continued heavy and generally lower. Cables were disappointing, with European interests on the selling side. There were further declines due to stop loss liquidation and pressure from speculative interests. A little short covering appeared later as a result of some trade buying, but it was largely a listless and pre-holiday market. RAW SUGAR PRICES High. Low. Close. January 2.75 2.71 2.72 March 2.70 2.66 2.67 May 2.77 . 2.74 2.75 July 2.61 2.56 2.58 September 2.70 2.65 2 66 December 2.77 2.73 2.73

Local Wagon Wheat

Local grain elevators are paying $1.35 for No. 2 red wheat. Other grades are purchased on their merits.

In the Cotton Market

(By Thomson <fe McKinnon) NEW YORK, July I.—During the greater part of today’s session fluctuations were slight, the volume of business small and this condition was in entire harmony with the news from producing as well as consuming centers of cotton. Weather conditions at present time may be called normal. There are many reports of boll weevil in the South, but the extent of the damage from this pest cannot be estimated at this time as it will depend entirely on future weather. It is only in Ole event of continuous wet weather that any apprehension need be felt. Under the circumstances we see no reason for any unusual price changes and therefore suggest that a trading position be held, preferably selling on the bulges so long as the crop reports continue favorable. NEW ORLEANS High. Low. Close. January 17.26 17.2a 17.26 October 17.05 16.92 17.01 December 17.25 17.16 17.24 NEW YORK High. Low. Close. January 17.38 i7.29 17.36 March 17.57 17.46 17.52 May 17.64 17.58 17.62 July 17.85 17.74 17.85 October 17.12 17.02 17.11 December -.... 17.32 17.22 17.35 r CHICAGO High. Low. Close. January 17.30 17.28 17.28 March 17.45 July 18.58 October 17.06 16.97 17.03 December 17.25 17.1* 17.34

New York Stocks 1 By Thomson & McKinnon ‘‘ —July 1— Railroads — re l" High. Low. Close, close. Atchison .179% 177% 179 17®/ Atl Coast Line.. 183% ... 183% 183% B & O ..., 114% 113% IH% 114 a Can Pacific 177% ... 177% 177% C&o .177% 176% 177% 176% C& N W 851% 84% 85'% 84% C R & P 113% 111% 113% 111% Del & Hudson ..211%.. 210 210% 210% Del & Lack .... 164 ... 164 163 Erie 52% 51% 52 52 Erie Ist pfd 58 57% 58 57% Gret Nor pfd .. 88% 88% 88% 88% Lehigh Valley ..124% 122 124% 121':, K C South 59% 55% 59 59 L & N 3 ... 121% MK & T 51% 50% - 50% 50% Mo Pac pfd 103% 103 103% 103 N Y Central ...148% 147% 148 150 NY NH & H .... 53% 52 52% 51% Nor Pacific 86 ... 85% 85% Nor & West ....180% 177% 180% 178 Pere Marq ... • • ■ 131% Pennsv 63% 62% 6314 63 Reading 115% 114 115 114% Southern Rv ...125% 124% 125 126 Southern Pac ..118% 116% 117% 117 St Paul 16% 15% 15% 16 St Paul pfd .... 31% ... ,31% St L& 8 W 87% 87 87 1 4 86% St L & S F 113% 112% 112% 111% Union Pacific ...172% ... 17212 172 Wabash 72% 71% 71% 72% Wabash pfd .... 97% 96,% 97% 98Vi Rubbers— Ajax 8% 8% 8% 8% Fisk 15% 15 15% 15 Goodrich 54 52% 54 58 Goodvear pfd ..112% 112% 112% 112%: Kelly-Spgfd 23% 22 % 23% 22% U S Rubber .... 45 40% 45 40% . Equipments— Am C& F 98% 98 98% 99 Amer Loco 105% 104% 105% 104% Am Stl Fd .... 45% 45% 45% 46% Bald Loco 235 219% 234 219% Gen Blcc 112% 10814 112 108% Lima 62% ... 62% 62% N Y Air B 44% 4414 44% 44% Pres Stl Car .... 57% ... 57% 57% Pullman 182 . 182 182 Wsth EKc 75% 7314 75% 7314 Steels— Bethle 46% 46 4.6% 46% Colo Fuel 91% 88% 90% 8814 Cruciblq 82% 82 82% 82 Gulf St steel... 46% 46 46% 46 Inland Steel .... 50 47% 50 47 Phil R C & 1... 39 37% 38% 37% Rep Steel 61% ... 6114 81% Sl-Shef 117 U S Steel 120% 119% 119% 119% Alloy 271 4 27% 2714 27% Vanadium , 44% Motors— Amer Bosch .... 18% 17 17% 17 Chandler 17% 17% 17% 16-% Chrysler 46 45% 4514 45% Con Motors ... 11 10% 11 10% Dodge 19% 18% 18% 19% Gabriel 45% 44*4 45 44% General Motors 197% 194% 197% 195 Hudson 81% 79% 80% 79% Hupp 20 19% 19% 1914 Jordan ;... 14% 13% 14 14 Mack 97 95 96% 9714 Mar Par 17 ... 17 17 Moon 6% 6 % 6% 6 Nash 63% 63% 63% 63% Packard 35% 34% 34% 3314 Peerless ~23 23 23 Pierce-Arr 15 1414 15 14 Studebaker 49% 49 49% 49% Stewart War 60% 59% 60% 60% Timken 100 99% 100 98% Willys-OVerland. 16% 1614 16% 17 White Motors .. 37 3614 37 36% Mining— Amer Smelt... 153% 151% 153 .52 Anaconda 43 ... 42'a 42% Cer De Pas 59 ... 56 58% Inspir 13% ... 13.% 13% Int Nick 59’- 58 58 3 4 58% Kennec 61% 61 61% 60% Tex G & Sul 65% 64% U S Smelt 35% ... 35% 35% Oils— At Ref 111% 10914 110% 110% Cal Pete 23 2214 23 22% Freep Texas .... 68% 67 67% 67% Houston 156% 151% 155 151% Indpt Oil 1814 • ■ 18% 18% Marland C 32% 31% 32 32% Mid C Pete ... 30% 30 30% 30% Pan-Am Pete B 54% 53% 54 54% Phil Pete .. ... 40%% 39% 39% 39% Union Oil ...... 41% 40% 41 4014 Pure Oil 26 ... 26 25% R’y’l Dutch ... 48 ... 47% 47% Shell 26% 26% 26% 2614 Sinclair 1614 16 16% 16 Skelly 26 25% 26 25% S O of Cal 52% ... 52% 5214 S O ollU 36% 36% 3614 36% S O Os N Y 30% ... 30 30 Texas- Ca - 46% 4614 4614 47 Trans Pete ... 9% ... 8% 8% Indflstrlals— ' 1 Adv Rumly 11% ... 1114 11% Allis Chaim 105% 103% ICS 103% Allied Chem ...141% ... 140 139% Armour A *9% .. 9% 9% Amn Can 54% 53% 54’ „ 53% Am H-L 10 ... 10 8% Am H-L pfd ... 64% ... 64% 64% Am Safety R ... 43% 43 43 44 Am Wool 18% ... 18% 18% Central L ... 14% Coco Cola 114% 113% 114% 113% Cont Can . 68% Cert Prods 52 50% 51% 80% Dav Chem 29% Dupont 236% 234% 233% 233% Famous PI 95% 93 94% 97% Gen Asphlt ... 73 71% 73 72% Int C Engr 45% 4414 45% 44% Int Paper 45% 45 4514 45*% Int Harv 182 177% 182 177 Mav D Sta 68 . 68 68 Mont Ward ... 65% 65 65% 65 Nat Lead 96 >% Owen Bot 76 ... 76 76% Radio 54% 52% 54 53% Real Silk .:.... 24% 23% 24% 24% Rem Type 43% 42% 43 43 Sears-Roeb 57% 56% 57 56"% United Drg 164 Univ Pipe 28% ... 28% 28% U S C I P 234 % 231% 231'% 233 U S In A1 77% .. . 77% 77% Woolworth 140% 138% 140% 138% Utilities— Am T & T 163 162 163 161% Am Express ...143 142'% 143 141 Am W W 91% 88% 90 89% Brklvn Man 59 58% 59 58% Col Gs & El ... 92 "l ... 92 92% Cons Gas 101 % 100% 101 ioO‘/ 8 Interboro 38% 38% 38'4 39 No Am Cos .. ..48% 48 48%% 47% Peoples G 140 . . 140 140 S Gas & El ... 59% 58% 59 58% West Union ...160 159% 160 158% Shipping— Am In Corp ... 50% 49% 50 49 Am S & C ... 4% ... 4% 4% Atlantic G 37% ... 37% 36% In M Mpfd 48% 46% 47 46% United Fr 127% ... 127% 126% Foods— Am Sugar 87% ... 86 87% A B Sugar 20 Austin ’ N 4% Beech N 52 Calif Pkg 62% .. 62'% 61% Corn Prods ... #3% 52% 53% 53Vi Cubpa C pfd .. 34% ... 34% 35 Cuba A Sug ... 22% ... 22% 22% Fleischmann ... 54% 54 54'% 54% Nat 6 Biscuit".'.'.’. 130% i30% 130 ° Punta Ale 37 . . 37 37% Postum 103% 102% 103% 103% W Bk B *. 24% Tobaccos— Am Suma 56 54% 55% 55 Am Tob 131% ... 131% 131% Am T B 131% 131% 131% 132% Cons Cigars 82 81% 82 81 Gen Cigars 63 Vi 62% 63'% 62% Liggett 11245 111% 112% 1112% Lorillard 32 Vi ... 32 32 R J Rey 132 131% 131% 132Tob P B 99 Vi 99 99 Vi 99 Vi U Cig Stor 90 ... 90 90 Schulte R S ... 52 51% 52 52%

Commission Row

PRICE TO RETAILERS FRUITS Apples—Box apples—Winesaps, $3.50® 4- Extra fancy barrel apples—Ben Davis, [email protected]. Fancy barrel apples Ben Davis. $3.25®3.50. Basket apples (40 lbs.). Ben Davis, [email protected]. New apples—Transparents. 40 lbs.. $3®4.50. Apricots—California, 25 lbs., $3.50. Bananas—4@sc lb. Cantaloupes—California standard crates. 84: jaony crate, [email protected]; flat crates, $1.50 Cherries—California. $4.50(85, box (B',i lbs.); Michigan. 16 qts.. $3. Gooseberries—H. G., $2 half bu. Grapefruit—Fancy. [email protected]. Honeydew melons—s3 crate. Lemons—California, S7.SU@B. Limes—California, $3 per hundred. Oranges—California Valencias crate, [email protected]. t Peaches—Georgia Hejev Bells, $2.75 bu. Pineapples—Cuban, $4®4.25. Plums—California. 25 lbs.. $3. Raspberries—H. G. red. 24 pts., sr; H. G. black, 24 pts.. $3.50. Strawberries—lndiana, 24 qts., $7; Michlfan, 16 qts.. $3.50@4. Watermelons—Florida; average 30 lbs., 65®90c. VEGETABLES , Asparagus—H. G. fancy white, 35@45c doz.; green, 90c®$l. Beans—Green, $2.50 hamper. Beets—H. G„ 45c doz.; new cutoff, $2 bu. Cabbage—H. G., $3.50 bbl. Carrots—H. G., 50c bu.; bulk, $2 bu. Cauliflower—Crate, $2.50. Celery—Mammoth (washed) $3.50 doz. Corn—Texas. $2 bu. Cucumbers—Hothouse, [email protected] doz. Garlic—Fancy California. 20c lb. Kale—H. G.. 75c bu. Lettuce—lceberg, crt., $5.50; H. G., $1.25 15-lb basket. Mangoes—Louisiana. $2 hamper. Onions—Egyptian yellow. 100 lbs., $5; H. G. green, 50c doz. Parsley—H. G.. 50c dozen. Peas—H. G.. $2.50 bu. Potatoes —Michigan whites. 150 lbs., $7.50 ®8; Virginia Cobblers, $6 bbl. California Russets, 115 lbs., $7. Radishes—H. G„ long red. or white, 35 @4sc; hothouse buttons. 40@50c. , Rhubarb—H. G., 35c doz. Spinach—Texas. $1 bu. Sweet potatoes—Nancy Halls, $1.90 hamper. Tomatoes—H. G. Hothouse, 10 Turnips—s 2 bushel. A man in South Africa has papered his room with 500,000 used postage stamps.

PRICE OF HOGS DECLINES 10 TO 25 CENTS HERE Light Hogs Drop LeastCattle, Calves, Sheep Steady—Lambs Up. —Hog Prices Range— June Bulk. Top. Receipts. 24. 8.754/9.25 9.35 8,500 25. .. 8.754/9.25 9.35 5,500 27. 8.654/9.15 9.25 6,000 28. 8.754/9.25 9.35 10.000 29. 8.75(5-9.35 9.40 9.500 30. 8.904/'9.50 9.50 8,500 July 1. _ 8.75(0.9.40 9.40 9,500 The advance which started in the hog market Tuesday and increased strength on succeeding days broke today. Light porkers were 10 to 15 cents lower and yothers off 15 to 25 cents on the hundredweight. A fully steady -tone at Chicago put prices there ahead of the local center. The top there was $9.50, compared with only $9.40 here. The bulk sales at>he Indianapolis stockyards were [email protected]. Receipts were estimated at 9,500 and holdovers numbered 779. Hog Price Range For 160-200-poupders [email protected] was paid; 200-225 pounds, [email protected]; 225-250 pounds, $8.75@9, and 250300 pounds, [email protected]. Pigs sold at $8.75 down and packing sows at [email protected]. The general quotations on cattle were steady, the run counting about 400. Beef steers were nominal. Prices on other classes were: Beef cows, $5.75 @7.25: low cutters and cutter cows, $4 @5.25. and bulk stock and feeder steers, $7.25 @8.50. Not Changed The calf market remained steady! good and choice vealers going at sl2 and up to $12.50 for the best. Receipts were 600. Lamb trade was active and around 50 cents higher, sheep continuing steady. Top fat lambs were $13,511; bulk fat lambs, $12.5075 13.50; bulk cull lambs, sß@ 10.50. Fat ewes were $5 @6.50. —Hogs— Receipts. 9.500; market, lower. 90-130 lbs $8.50478.75 130-160 lbs 8.754/9.25 160-200 lbs 9.254/9.40 200-250 lbs 8.75479.25 250 lbs. up 8.25(08.75—Cattle— # Receipts, 400; market, steady. Beef steers nominal Bulk stock and feeder steers.. 7.2547 8.50 Beef cows 5.75® 7.25 Low cutters and cutter cows... 4.00(01 5.25 —Calves— Receipts, 600; market, steady. Best vealers $12.00® 12.50 Heavy calves 6.00®9.00 —Sheep— Receipts, 600: lambs higher; sheep steady. Top fat lambs $13.50 Bulk fat lßmfes 12.504713.50 Bulk "cull lambs B.oo® 10.50 Fat ewes 5.00® 6.50 Other Livestock Bn United Press CHICAGO. July I.—Cattle—Receipts. 1.500: generally steady, top steers, sl3; others. $10.50® 11.85; cows, $8 down, low Rrade heifers. $9.25; best vealers largely. $12.50; low cutters. $4,254/4.50; medium bulls. [email protected]; Stockers, mostly $7,504/8.50. Sheep—Receipts. 10.000: fat lambs active, mostly 254735 c higher than Thursday’s close; five doubles choice Washington lambs straight. $14.75; bulk ranger eligible stock, $14,504/ 14.60; bulk natives, moderately sorted. $13.504713.75. best sl4; most culls. $9®9.50; sheep, steady, at ewes. [email protected], few $6.50; no feeding . lambs sold, indications about steady; bulk of Thursday’s feeding lambs sold at $13.25. Hogs—Receipts. 26.00; market very uneven; heavyweights. $8,354/9.05: mediumweights, $8.65479.50; lightweights, $8.70479.55; light lights, $8.50®9.40; packing sows, $6,604/ 7.85; slaughter pigs. $8.25® 9.15. Bv Times Soecial LOUISVILLE, July I.—Hops—Receipts. 1,000: market, steady: tops, $9.35. Cati'.e —Receipts, 100; market, steady Calves —Receipts, 200: market, steady: good to choice, $9.50 4711; medium to good, s3® 9.50; outs. $7.50 down. Sheep—Receipts, 1.000; market, steady: mixed lambs. $13.50; ewes and wethers, sl4; seconds. s9c, sheep, [email protected]. Bv United Press PITTSBURGH. July I.—Hogs—Receipts, 1.200: market, steady to 10c lower; 250 to 350 lbs.. $94/ 9.40; 200 to 250 lbs.. $9.40® 9.85; 160 to 200 lbs.. $9.85® 10.25; 130 to 160 lbs.. $9.25 4711.50; 90 to'l6o lbs., s9® 9.25; packing sows. $747 7.50. Cattle—Receipts, none; calves. 15: market, steady; beef steers. $10,504/12.50; vealers. sl3® 13.50. Sheep—Receipts, 150: market, steady; wethers. $8; top fat lambs. $14.50; bulk cull lambs, $84711. Bu United Press CLEVELAND, July I.—Hogs—Receipts. 2,000; market. 1047 20c lower; 250 to 350 lbs.. $8.75579.15; 200 to 250 lbs., $9.15® 9.60; 160 to 200 lbs.. $9.50®9.65: 130 to 160 lbs., $9,254/960; 90 to 160 lbs., $967 9.25; packing sows, $7.25477.50. CattleReceipts. 200: calves. 400; market, dull, weak; beef steers. $9®10.25: light yearling steers and heifers. $106710.25; beef cows. ss®7; low cutter and cutter cows, [email protected]; vealers. $12@14. Sheep—Receipts, 300; market, slow; top fat lambs, sl4; bulk cull lambs, [email protected]; bulk fat ewes, [email protected]. Bu United Press TOLEDO, July I.—Hogs—Receipts. 700; market, steady; heavies, 58.504/.9; mediums. $9®>9.40; Yorkers, $9,404/9.75; good pigs, 59®9.50. Calves—Receipt#, light: market, steady. Sheep and lamb—Receipts, light; market, steady. Bii United Press% • EAST BUFFALO, July I.—Hogs—Receipts, 3,000: holdovers. 793; market steady; 250-350 lbs.. $8.75(0)9.75; 200-250 lbs.. $9,604/ 10: 160-200 lbs.. $9.85®10; 130160 lbs., $9.85® 10; 90-160 lbs.. $9.65®9.90; packing sows.. $7,504/8. Cattle—Receipts, 150: calves, 1,200; market weak; calves 50c 4/)$1 lower; vealers. $134513.50. Sheep—Receipts. 400; market weak; bulk fat ewes. [email protected]. Bii United Press EAST ST. LOUIS, July I.—Hogs—Receipts, 13,000: holdovers, 4,951; market, slow and weak: 250-350 lbs., [email protected]: 200-250 lbs.. $8.90479.50: 160-200 lbs.. 89.35 ® 9.55: 130-160 lbs.. $8,754/ 9.55: 90-160 lbs., 58.504/.9.15; packing sows. $7.254/.7.75. Cattle —Receipts. 800: calves, 500; market, nominally steady; beef steers, $9,504(11.50: light yearling steers and heifers. $8.50® 10.50: beef cows. $5,504/6.50; low cutter and cutter cows. $3.75475: vealers. $11.75: heavy calves, $7.50478.50; bulk stock and feeder steers. $7.25®7.75. Sheep—Receipts. 1.000; market, steady to 25c higher; top fat lambs, sl4: bulk cull lambs. $8.50; bulk fat ewes. [email protected]. Bit ''United Press CINCINNATI. Julv I.—Hogs—Receipts, 4.400: holdovers. J. 564; market, steady: 250-350 lbs.. $8.50®9.15: 200-250 lbs.. $9.10 479.65; 160-200 lbs.. $9.50®9.65: 90-160 lbs.. $7®9.25; packing sows, [email protected]. Cattle— Receipts. 350; calves. 450; market, cattle slow, steady: veals, steady; beef steers,, $9 @11.50: light yearling steers and heifers, [email protected]: beef cows, 55.50@7; low cutter and cutter cows. [email protected]; vealers. s9@ 12; bulk stock and feeder steers, $8479. Sheep—Receipts. 1,900: market, steadv: too fat lambs. $14.50: bulk cull lambs, s7@o; bulk fat ewes. s4®6. Chicago Stocks July I—r '— Open. High. T,ow. Close. Armour Ills pfd . 66% 66% 66% 66% Auburn Motor... 101 ... ... ... " Balban-Katz ... 60 Lib McN Lib.... 8% Middle West ...113% 113% 112% 112% Swift & Cos 116% 116% 116% 116% Swift Inti 32% 32% 32Vi 32% Wriglev 53 % Borg & Beck- .. 60% 61 60% 60% lUniots Brick ... 40 42% 40 42% Yellow Cab .... 31% J R Thompson., 54% Elec H Util 12% ... NEW YORK COFFEE RANGE —July 1— High. Low. Close. January 11.55 11.55 11.55 March 11.49 11.34 11.49 May 11.37 11.15 11.31 Julv 13.52 12.45 12.52 September 11.98 11.88 11.98 December 11.66 11.45 11.68

THE INDIANAPOLIS T-IMES

TURN OVER TAX SHARE County Treasurer Pays $960,455 Into 11 State Funds. Marion County Treasurer Edward A Ramsay has turned over to State Treasurer Grace Urbans a check for $960,455, the State’s quarterly share of taxes collected by the county. The amount Is divided among eleven State funds. $835,809,921 SAVED BY l). Si IS NEWRECORD Greatest Surplus in History Reported by Government. Bu United Pres* WASHINGTON, July 2.—Acting Secretary of the Treasurer Mills Friday announced the Treasury surplus for the fiscal year closed June 30 as $635,809,921.70, compared with $377,767,816.64 for the previous year. This surplus was the greatest In history. Ordinary receipts for the year amounted to $4,129,394,441; and expenses chargeable against such receipts were $3,493,584,519.40. Income tax receipts aggregated $2,225,000,000 as compared With $1,982,600,000 in 1926. Custom Return Climbs Miscellaneous tax receipts totalled $654,000,000, as compared with a yield last year of $545,000,000,000. Customs receipts were $605,000,000 as compared with a collection of 579,000,000 last year. v Already $611,000,000, on the surplus has been applied to retirement of the public debt, and is not available for tax reduction or any other purpose, while $24,000,000 has been carried over as an increase in the net balance in the general fund and will be used later for debt retirement. More than half of the surplus was due to receipts on account of disposal of capital assets, back tax collections in excess of tax refunds, and other items of a fast-disappear-ing or nonrecurring character, Mills said. Back Tax 300 Million Back tax collections for the year will exceed $309,000,000 and collections on account of capital stock tax of corporations, now repealed, will amount to more than $7,000,000. Receipts from capital assets on account, of railroads aggregated about $90,000,000 from Federal farm loan bonds and other minor securities $63,000,000, valid from the war finance corporation, $27,000,000. “It will be apparent, therefore, that without these special and nonrecurring items which aggregate $370,000,000, the surplus would have been, about $265,000,000, of which a considerable part is to be attributed to decrease in expenditures, some of which represent a postponement rather tha nactual saving,” Mills said. The total gross public debt at the close of the fiscal year amounted to $18,511,906,931, as compared with $19,643,216,315 on June 30, 1926. /

INDIANA BELL DIVIDESSTATE The Indiana Bell Telephone Company has been divided into two divisiqns, one to be called the Indianapolis section and the other the out-State section. The Indianapolis division is comprised of Beech Grove, Cumberland, Greenwood, New Augusta, Smith Valley, Southport and Indianapolis. In the entire local division there are 80,876 phones. Out-State there are 114,144. Numerous changes in / personnel were made in the various departments. Important appointments follow: Out-State division, W. F. Johnson, division traffic superintendent; A. D. Lewis, formerly of South Bend, divison commercial superintendent; L, J. Goeller, formerly of South Bend, division plant superintendent; C. G. Swan, division plant engineer. L. H. Kirkhoff was appointed traffic superintendent, central district. F. Stanley was made traffic efigineeer. N Indianapolis Division—E. W. Hildebrand, division traffic superintendent; Phil M. Watson, division commercial superintendent; George Page, division plan superintendent; C. R. Plummer, division plant engineer. . The 'traffic department In Indianapolis will be operated in three districts as follows: A. M. Taylor, superintendent in charge of manual offices; W. E. Shively, in charge of dial system offices; L. A. Wilson, transferred here from Marion, in charge of long-distance office. W. J. McWilliams will be general auditor and H. Romberg will be in charge of plant accounting department. / MRS. WOODWARD DIES * AFTER LONG ILLNESS Services for Native Indiana Woman to be Held Sunday. Funeral services for Mrs. Vestal W. Woodward, 2889 Sutherland Ave., who died early Friday morning following an illness of several years, will be held at Flanner & Buchanan’s Mortuary at 2 p. m. Sunday. Mrs. , Woodward was born at Knightstown, Ind. ' She was a member of the Meridian St. M. E. church, the Sororis club, a charter member of the Aftermath club, and a life member of the Woman's Home Missionary society, and the Order of Eastern Star. Surviving are' her husband, a daughter, Mrs. Joseph E. Reagan, and two grandchildren.

WHEAT TRADE DISAPPOINTED ATJHIALLY Fails to Materialize, Bearish Reports* Offsetting Bullish News. Bu United Press , ~ CHICAGO, July I.—With the Kessinger bill killed by the legislature and December futures restored, holders of wheat anticipated a sharp rally in the grain today, only to be disappoifited when the bullish legislative news was offset by bearish reports from several points. Heavy pressure was brought to bear on all grains from the opening and prices were trailing downward late in the session. Wheat closed % lower to % higher than Thursday's close. There was good buying in corn, but the grain showed no rallying I power, and pressure was more or less apparent. The July continues the record discount from the September established Thursday, and late in the session was quoted 8 cents lower. Some rain was reported in parts of lowa. Liquidation In July toward the close, with continued good weather- reports and better prospects for anew crop, sent prices down 3% to 3% from the previous close. The private crop report In oats came about as expected with an approximate figure of 1,280,000.000 bushels and the market sold off on the news, closing 1% to 1% lower. Action in the pit was quiet. Provisions closed lower. Chicago Grain Table —July 1— WHEAT— Prev. Open, High. Low. Close, close. Julv.. 1.44% 1.45% 1.43% 1.44% 1.44% Sept.. 1.44V* 1.44% 1.42% 1.44 1.44% Dec.. 1.47% 1.47% 1.45% 1.47% ... CORN - Julv.. 1.00% 100% .95% .95% .99% Sept.. 1.07% 1.08% 1.03% 1.04% 1.07% Deo... 1.10 1.10 1.07% 1.08 OATS— Julv.. .46% .46% .45% .45% .46% Sept.. .48% .48 % .46% .46% .48% Dec. . .51% .51% .48% .48% ... LARD— July. 12.77 12.77 12.75 12.75 12.80 Sept. 13.05 12.97 12.90 12.92 12.97 RIBSJulv. 12.00 12.00 11.97 11.97 12.00 bytL. Julv.. 1.11% 1.11% 1.09 1.09% I.ll'* Sept..- 1.02% 1.02% 1.00% 1.01% 1.02% Dec... 1.05 1.04%- 104 1.04 Bu United Press , CHICAGO. Julv I.—Cash gram: Wheat —No. 2 hard. $1.46®!.47. Corn—No. 2 vellow. 99%e@*51.00%c: No. 3 yellow. 98c® *1; No. 4 yellow. 94@95%c; No. 5 yellow. 92'/i93c: No. 6 vellow. 91%5n92c; No. 3 mixed. 99c; No. 5 mixed. 92c; No. 6; mixed. 90@91c; No. 2 white. $1.01%; No. 3 white. 98@99%c: No. 4 white. 94%c: No. 5 white. 92® 93%c; No. 6 white, 90® 91%c: sample grade. 73®89%c Oats-No. 2 white. 47% <u 50c: No. 3 .white. 45(/(47c: No. 4 white. 41%®45%c. Barley—’7s®79c. Timothy—s4.7s @5. Clover—s2o® 35. !t TOLEDO. July**.— Close: Wheat—No. 2. $1.44%1.45. Corn—No. 3. 1 1® 1 •01. Rye— No. 2, $1.12. Oats—No. 3 49%®50%c Clover—Cash imported. U9O; October. $16.65: December. $16.60. Timothy—Cash, new, $2.55: December. $2.75. Alsike—August. $14.25. Butter—42®4sc. Eggs—22® 24c. Hay—s2s. Bit Times Rperinl CHICAGO. July I.—Primary receipts: Wheat. 1.657.000, against 1.780.000: corn, 696.000, against 4/0.000: oats, 286,000. against 261,000. Shipments: Wheat, 617.000. against 647.000; corn, 410.000, against 482,000; oats. 438,000. against 902.000. Bu Times Sveeinl ' . . ~ CHICAGO. Julv I.—CarloU; Wheat. 32; corn. 215; oats. 47: rye. 20.

Cash Grain

The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. basis 41%c New York rate, were: Wheat—Easy: No. 2 red. $L.38%®1.40%. N. 2 hard. $1.39%®1.41%. Corn —Steadv: No. 3 white. 94%@96%c; No. 4 white, 92%94c; No. 3 yellow, 92%® 94%c; No. 4 vellow. 90®92c: No. 3 mixed. 88%®90%c; No. 4 mixed, 86®88c. Oats—No. 2 white, 44%®46%c; No. 3 wihte, 42%®44c. Hav—Weak—No., I timothy. $15.50® 16: No. .2, timothy. 5i4.50>15; No. 1 hght clover mixed. $15.51>®16: No. 1 clover mixed. $13®15.50; No. 1 clover hay—sl4.so® 15. —lnspecions Wheat—No. 2 red. 1 car: No. 3 red, 2 cars; No. 5 red. 1 car. Total. 4 cars. Corn—No. 2 white. 1 car: No. 3 white, 3 cars; No. 6 white. 2 cars: sample white. 2 cars: No. 3 vellow. 1 car; No. 4 vellow, 2 cars; No. 5 yellow, 4 cars No. 6 yellow. 3 1 car No. 4 mixed. 1 car. Total. 19 cars. Oats—No. 3 white, 7 cars; No. 4 white, 3 cars; sample white, 1 car, Total. 11 cars.

Produce Markets

Butter (wholesale price) Creamery, best grade, a pound. 42@48c. Butterfat—Local dealers. 40c. Eggs—Strictly fresh delivered at Indianapolis, H) ©2O c dozen. Poultry (buying prices)—Hens, large breed. 18c; Leghorn /ens. 13@15c; old roosters, large, 10® lie; Leghorns and small, 8®10c; broilers, 2 lbs. up, 26® 28c; • V/a to 2 lbs., 21c: Leghorns, black and small, 184321 c; turkeys, No. 1 young toms. 20® 25c: No. I young hens, 20® 25c: old toms. 16®20c; crooked breasted and fat, 104f12c; thin and poor, 7@l2c; ducks, 12® 15c; geese, 8®10c; guineas. 35c. Bu VtiUfd Pr CLEVELAND. July I.—Butter—Extra in tub lots, 42Va®44 , yo: firsts, 39 V, ©4oc; seconds. 37@38c; packing stock. 28c. Eggs Extras, 27c; extra firsts, 25c; firsts, 24c; ordinaries, 21c. Poultry—Fowls. 244325 c; Leghorn, fowls, 17® 18c?-heavy broilers, 33 @34c; Leghorn broilers. 23®25c; cocks. 14 4ilsc. Potatoes—South Carolina stave barreled cobblers, best $4.75®5; Virginia barrels. [email protected]. Bu United Pratt NEW YORK, July I.—Flour—Quiet and firmer. Pork—Steady- mess, $33. Lard— Firm; middlewest, $13.25® 13.35. Sugar— Raw, dull: 96 test. 4.52 c; refined, quiet; granulated, 6.10 c. Coffee—Rio No. 7. 14Uc; antos, 16%®17'/4C. Tallow—Steady; special to extra. 7'/2®7%c. .Hay—Dull; No. 1. $1.20® 1.25: No. 3. 90cfti$1.05; clover. 95c® $1.15. Dressed poultry—Steady; turkeys. 25®46c: chickens. 20®37c: capons, 30®46c; fowls. 12®27c: ducks. 18®22c; Long Island ducks. 23®24c. Live poultry—Steady: geese, 104312 c; ducks. 12®24c; fowls, 21® 26c: turkeys. 25® 30c; roosters, 16c; broilers, 15®38c. Cheese—Dull; State milk, common to special. 27®28c; young Americas. 246524 , /ic. Butter—Weak; receipts, 12,449; creamery extras, 42Vi®42'ic: special market, 43® 43 Vic. Eggs—Weak’ receipts. 17,104; nearby white fancy. 344336 c; nearbv State whites. 26®33c; fresh firsts. 2447 24'ic; Pacific coast, first to extras. 26 @G35c; western whites. 25@27e; nearby browns. 28'/24i33c. Potatoes—Southern, $1.60@>4.50; Maine. $3®3.50: Canadian. $2.25® 2.75. Sweet potatoes—Jersey basket. sl®3. Bu TJnitrd Prrtt CHICAGO. Julv I.—Produce: Butter—Receipts, 20,543: creamery. 38@38’/2C; standards, 39c; firsts. 36®36'/ac: seconds. 344il 35c: extras, 39 Vic. Egg—Receipts, 17,407* Ordinaries. 20 , 2®'21<£ firsts, 224323 c; seconds. 20c; extras. 34 , 2C. Cheese—Twins, 22 Vi 43 23 Vic; Americas, 23 Vic. Foultry— Receipts, 5 cars; fowls heavy. 19c; springs, 27c; ducks, 17®20c; geese, 13@19c: turks, 20c: roosters. 14c broilers, 25c. Potatoes— Receipts: arrivals. 17 cars; on track, 100; In transit. 837: Oklahoma and Arkansas sacked Bliss Triumphs ordinary quality and condition, [email protected]. Sweet potatoes —[email protected]. EAT LIGHTLY, KEEP COOL / Don’t Dodge Thermometer, Weather Man Says. "Don’t be afraid to look at the thermometer,” is the hot weather advice of Indianapolis weather man, J. H. Armington, United States Weather Bureau head. “Forget yourself and how hot you are by being interested in how high the temperature is from an impersonal viewpoint. Read the newspapers and the weather bureau reports, but don’t worry, keep calm and eat lightly,” said Armington.

SACCO AND VANZETTI PUT IN DEATH CELLS Prisoners Moved Unexpectedly From Dedham to State Prison. Bu United Press 2.—Prison gates have closed behind Nicola Sacco and Bartolomeo Vanzetti perhaps for the last time. In the early morning darkness of today the two were unexpectedly transferred, under heavy guard, from Dedham jail to Charlestown State Prison. There, unless Governor Alvan T. Fuller intervenes, they will be put to death in the electric chair Aug. 10 for two murders committed more than seven year sago. CATCHES QUEER INSECT Girl Finds That Captive Is a Corydaiis Carnuto. A large insect resembling a grasshopper, although many tinips larger, was brought into The Times office in a glass bottle today by Mary Thomas, 13, 1124 W. Twenty Seventh St., who captured the bug alive after it had flown to the porch of her home. The unknown Insect was Identified at the State department of entomology as a Dotjson fly (corydalis carnuta). It is not a rare specimen, although only one has been reported so far this year to the department. FARES over me #■ to all points W =xr 2l' ± -- 4 on t system m fSilf Round trip for the cost of one way—on - sale Saturday, noon, and good returning, until, the last cars on Monday night '—minimum, 50c. Call MAin 4500

NOTICE! Important changes and rearrangements in the telephone plant and equipment have made it necessary to assign new names to the Webster and Kenwood offices. In the New Telephone Directory WEbster is changed to CHerry KEnwood is changed to HEmlock For example: WE bster 4567 is changed to CH erry 4567., KE nwood 4567 is changed to HE mlock 4567. After receipt of the new directory, therefore, please be sure to call by the new office name. Failure to do so may result in delays and wrong connections. Many changes in telephone numbers have been made. Please Consult the New Telephone Directory before calling . (S) INDIANA BELL TELEPHONE CO.

14 HURT IN COLLISION Bu United Pres! SPRINGFIELD, Mass., July I. Fourteen persons were injured, two critically, in a collision today between a one-maQ Chicopee-Spring-field trolley car yet da five-ton motor truck. Michael Swfeney, 64, and Michael

One Fare for Round Trip All Stations —Cincinnati to Springfield, lII* (INCLUSIVE) EVERY SATURDAY AND SUNDAY Good refurning to and including following Monday. 1 Information and tickets, City Ticket Office, 114 Monument Place, 1 ’or Union Station. BALTIMORE & OHIO 1827—100 Years of Service—l 927

On Your Next Trip To EVANSVILLE t Go the Blue Goose Way Enjoy a comfortable daylight ride thru some of the mo%t sbenic parts of Indiana. The parlor car chairs in our large blue Fageol Coaches are as easy as the favorite chair in your living room. THE ROUTE IS THROUGH Martinsville, Bloomington, Bedford, Mitchell, Orleans, Paoli, West Baden, French Lick, Jasper, Huntingburg, Dale, Boonvllle. Reduced Running Time Leaving Indianapolis 7 A. M. and 1 P. M. w*v *4.95 \°r *7.95 BLUE GOOSE LINES For Information? MA in 4500

features of convenience that make I | .Siatrpta* ear. J U |H Train •rrires ready 9 P.M. / IB!i J 111 I BBA bv 7 A.M.; mav Train Ibe occupied u/jor.M. umii au. V. No smoke, Just or cinde k INDIANAPOLIS • LOUISVILLE

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Moriarty, 30, who the truck, were takc^B t 0 MerM Hospital where their (Widitlon reported critical. I Twelve passengers of the froLley car were hurt slightly, i Frank Rossemeial, 28, driver of the truck, was arrested ani* held under SBOO bond on charges! °* reclc ’ less driving. \ *