Indianapolis Times, Volume 39, Number 48, Indianapolis, Marion County, 6 July 1927 — Page 12

PAGE 12

UPSWING SENDS TWO ISSUES TO HIGHTERRITORY Record Levels Reached by American Can, Union Carbide Stock.

Average Stock Prices

Average of twenty industrials Tuesday was 170.95. up 1.66. Average of twenty rails was 136.08. up 1.31. Average of forty bonds was 96.93, up .05. Bu United Press NEW YORK, July 6.—The easement of call money to 4 per cent after a renewal rate of 41s per cent, in the face of the calling of some $15,000,000 additional loans by banks, today resulted in a general upward movement on the New York Stock Exchange. The upswing was led by such stock market generals as United States Steel, American Can,A llied Chemical and Union Carbide. American Can soared to new high levels at 58, up 1, while Union Carbide reached record high territory at 128%, but later, when buying temporarily relaxed, sold off to 127, Its previous closing price. Orderly Advance Rallying tendencies in the main body of stocks, gained in vigor today. Prices moved ahead in orderly fashion with General Electric, United States Steel, Westinghouse Electric, Allied Chemical, American Can, Reading, Consolidated Gas and other seasoned issues furnishing influential leadership. Bullish sentiment was revived by the ease with which the general list had thrown off the irregulaity which characterized trading during noon. It was noted that a reaction which had extended over a period of nearly six weeks had been practically wiped out in three sessions on a volume of scarcely more than 3,000,000 shares. Near May Record The Dow-Jones averages were again within striking distance of the May high. Confidence regarding the fundamental soundness of the market was restored. This feeling was strengthened by the passing of the light credit strain incident to the July 1 disbursements. After renewing at 4% per cent, call money eased off to 4 per cent in the face of withdrawals aggregating $15,000,000. Steel common advanced to the best levels of the current movement. -

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank' clearings today were $5,859,000; debits. $9,850,000. NEW YORK STATEMENT BU United Press NEW YORK. July 6.— Clearings, $1,227,000,000; balances, $145,000,000. FOREIGN EXCHANGE Bu United Press NEW YORK. July 6.— Foreign exchange opened irregular. Demand sterling. $4.85'4; francs. 3.91%c: lira. 5.42%c, on .08%c: belga, 13.88 c; marks, 23.68 Vic.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. July 6. —lt is quite a trick to catch the cotton market out of line and can’t be. done every season, but I have the feeling that we have a chance now. A little more good weather and a big decline Is due. It will be so fast you will miss it If you fall to act quickly. Sell a little cotton for a start.

PLAN GREATEST RAIL COMBINE Hill Interests Seek Approval for 15,000-Mile System. Mv United Press WASHINGTON, July 6—The most extensive railway merger hitherto undertaken in this country will be proposed to the I. C. S. this week for approval. • The so-calleed Hill interests who have carried on the railroad holdings of the famous James J. Hill will seek commission ratification of a 15,000-mile network to be known as the great Northern Pacific. This new system would be achieved by stock ownership and 99vear lease of the properties of the Great Northern Pacific and the Spokane, Portland and Seattle roads. The Hill interests also own and control the Chicago, Burlington & Quincy. The deal proposes a $500,000,000 corporation which would issue new stock to be exchanged share for share for the present stock of the Great Northern and Northern Pacific, each of which has approximately $250,000,000 stock outstanding. Hill, famous railroad builder of the early west had the idea for this great line in 1901 and started to put the deal through before his death. He was blockeed, however, by numerous complications. DIG LESS COAL 1N1926 Production Increases in United States, Slumps in Europe. Bu United Pres* BERLIN, July 6.—World anthracite coal production in 1926 totaled 1,184,000,000 metyic tons, a decrease of 3,700,000 compared with 1925, the federal coal council announced today. The council’s investigation of the coal situation disclosed that Europe's share of world production had slumped drastically, while that of the United States had icreased, it was added.

Local Wagon Wheat

local grain elevators are <atylng $1.33 tot No. 2 rod wheat. Other- grades are purchased oi their merits. 1

New York Stocks

*By Thomson & McKinnon*

—July 6 Railroads Hl - hi Low . Clote. close Atchison 181% 180% 181'/a 180% Atl cosst Line. .193 192 192 Ban Pacific-:::: 78 /8 ...‘ 4 178 i? 7% BSBw-::::: l S 17 CR & P 115 114 % 114% 115 Del & Hudson ..217% ... 217 h 217 Erie*. La :.\ 54 52% *8 Erie Ist pfd 59% 58% 59U 58% Lehigh ".'.126% i25% 126% 125% dU ip i M o K pa & c?fdw:::io§% ::: iIR j % N Y Central ... .. ... • ... !48% NY NH & H ... 55 54% 54% 54% Nor Pacific 88% ••• 88% 87’/* Nor & W 184 183 184 183 Pere Mara ••• ••• 130ys Pennsv ......... 64 63% 63% 63% Reading ........119% 118% 118% 118% Southern Ry ....127% 126% 126% 126% Southern Pac ...119% 119 119% .118% St Paul 17 Vs ... 17 16 St Paul pfd 33% 32% 33 32% St L & S W 89 St L& S F 114% ... H 4% 114% Union Pac 174,. ... 174 174 Wabash .... 75% 74% 75% 74 Wabash pfd .... 97% ... 97% 97% Rubbers— . Ajax 9 8% 9 9 Fisk 16% ... 16% 16% Goodrich 55 ... 54% 55 Goodyear pfd .. ... ... ••• , 1W Kelly-Spgf 24% ... 24% 34% U S Rub 45% 44% 45% 44’% Equipments— Amer C& F .... 97% .... 97% 97% Amer Loco 1?5% Am Stl Fd 45% ... 45 49 Bald LOCO 236% 233% 23*1.2 234% Gen Elec 118% 117% .117% 116% Lima 62% ... ... 62% NY Air B 45% ... 45’% 44% Pres Stl Car 58 ... 58 57’/, Pullman 184% 182% 182 182 Wsth A B 174% 172 174% 171% Wsth Elec 80% 79% 80% 79% Steels— Btthle 49 48'% 49 48% Colo Fuel 95% 94 94% 94% Crucible 83% ... 83 83 Gulf St Stl 47% Inland Steel 50 ... 50 50 Phil RC & I 39 38% 39 39 Rep Steel 62% Sl-Shef 117. U S Steel 122% 120% 121% 120% Alloy 27% ... 27% 27% Vanadium 44% ... 44% 44% Motors— Amer Bosch .... 17% ... 17* 17% Chandler 18% ... 18% 18% Chrysler 48% 48 48% 48% Con Motors .... 11 ... 10% 11 Dodge T.... 19% ... 19% 19% Gabriel 45% ... 45% 45% General Motors. 203% 202% 203 202% Hudson 82% 82 82% 82% ,n 14% ... 14% 14% Mack 99% 98 99 98% Marefar 17 Moon ... ••• 6 /s Nash 66V2 65 66 65 Packard 35% 34% 35 35 Peerless 26’% ... 25% 26% Pierce Arr 14’% ... 14% 14% Studebkr 50 49% 49% 49% Stew War ~61 ... 61 61 Timken *.103% 102 102% 100% Willys-Overland* 17% 17% 17% 17% White Motors .? 37% 37% 37% 37% Amer Smelt ....155% 155% 155% 154% Anaconda 43% 43% 43% 44 Cer De Pas 58% Inspir 13% 13 13 13 Int Nick 63 61% 62% 61% Kennec 62% 61% 62 61% Tex G & 5u1.... 66% 64% 66% 64% U S Smelt 35% At°Re7 114% 112% 114% lir Cal Pete 23’% 23% 23% 23 Frep Texas .... 70% 68% 70 68% Houston ........165 161 164 159% Indpt Oil 19% 18% 19% 18% Marland C 33% 32% 33 32 Vi Mid C Pete 30% ... 30% 30 Pan-Am Pete B 55% 54% 55 54 Phil Pete , ~ ... 39’% Union Oil 42 41% 42 42% Pure Oil 26% 26 26 26 R’y’l Dutch ... 48% ... 48% 48% Shell 27% ... 27 26% Sinclair 17 16 s ,a 17 16% Skelly ...26 ... 26 26 3 O Os Cal '... 53% 53% 53% 53% S OOf N J 36% 36% 36% 36% SOOf N Y 30% 30% 30% 30% Texas Cos 47’A 47 47% 47 Trans Pete .... 9% 8% 9% 9 Industrials— Adv Rumly 11% Allis Chaim 108% .. 108% 108% Allied Chem ....143% 142% 143 142% Armour A 10 ... 10 10 Amn Can 58',* 56% 58 57 Am H-L 10% 10% 10% 10% Am H-L pfd.... 66% 65% 66'% 65% Am Safety R ... 53% ... 53 43 Am Wool 19% 19% 19 Coco Cola 117% ... 117% 117% Cent Can 71% ... 71 70 Cert Prods 51% Dav Chem 30% ... 30'% 30’% Dupont 242% ... 242% 242 Famous PI 96% 94% 96’% 94% Gen Asphlt ... 73% 72% 73 72’/* Int C Engr .... 47% 46% 47% 46% Int Paper 47% 47 47% 47% Int Harv 184% 184 184 184 Mav D Sta ... ... 68 Mont Ward 65’% 65% 65% 65% Nat Lead 89 98 99 97% Owen Bot -... ... 77% Radio 55% .•. 54% 55 Real Silk 27% 27% 27% . 25% Rem Type 46% 45% 45% 45% Sears-Roeb 57'% 56% 57% .57 United Drug ....165% 164% 165% 165 Univ Pipe 29% 29’/* 29% 29% U S C 1 P 237% 234 236 236% U S In A1 80% 79 80% 79'% Woolworth 143% 142’% 143 142% Utilities— Am T & T 164% ... 164% 164% Am Express ....143 ... 143 143% Am W W 92% 91’/* 92 91% Brklyn Man 58% Col Gas & El 94 . . 93% 94 Cons Qas 102% 102 102’A ITJ2% Interboro 38% No Amer Cos 48% 48 % 48% 48% Peoples Gas ... ... 138% S Gas and E 1... 60% ... 60% 60% West Union 164% Shipping— Am in Corp ... 50% ... 50 49% Am Sand C 4% Atlantic Gas 37% 111 M M pfd 48% 48'/* 48% 48% United Fruit .. .130/4 130% 130% 130 Foods— , Am Sugar 87% ... 37% 87 A B Sugar 20 Austin N . 4% Beech N 52 Calif Pkg ........ 64% 63% 64 62% Corn Prods 54 53% 53’/* 53% Cuba C pfd 35% ... 35% 34% Cuba A Sug ... 21’/* 21% 21% 21% Fleischmann ... 55% 55% 55% 55 Jewel Tea 61% Nat Biscuit ...4134 132% 134 132 Punta Ale 36% ... 36% 37 Postum 104% 103% 104% 103% WBk B 27’/. 26% 26%'%J6 Tobaccos— Am Suma 57% 57% 57% 57 Am Tob 136 135% z 136 134% Am T B 136% 135’/s 136'% 135% Cons Cigars ... 82 81’% 82 81% Gen Cigars ... 65% ...’ 65% 65% Liggett 116’% 115% 116% 115’% Lorlllard 33% ... 33% 33% R J Reyn 135 ... 135 134% Tob P B 101 ... 100'% 100 U Cig Stor 91% 90y 91 90 Schulte R S .. 53% 53 ys 53'/* 53%

HOLD-UP PLOT FAILS Street Car Conductor’s Fist Deadlier Than Gun. Robert Hendrickson, 21, 3465 N. Illinois St., is in city prison and the arrest of his companion momentarily is expected following an attempted street car hold-up late Tuesday night at Forty-Ninth and Pennsylvania Sts. Conductor John Dilworth, 1119 Broadway, played the hero role when his left to the jaw proved deadlier than the unloaded gun Hendrickson threatened him with. Police were told that Hendrickson boarded the south-bound Meridian Heights car at Forty-Ninth St. and reached for his gun. Dilworth knocked him to x the rear platform before he drew it. Hendrickson then rose and tossed the gun out of the rear window. Mrs. Bertha Van Camp, Brookville, Ind., guest at the Claypool, was the only passenger on the car. Hendrickson confessed the holdup attempt, Detective Chief Claude M. Worley said. He and his companion planned the hold-up because they were broke and drove about for several hours in the companion’s auto looking for a street car with few passengers, according to the confession. HAS BILLION RESOURCES Bu United Press NEW YORK, July 6.—The billiondollar mark in total resources has been passed by the Chase National Bank, the- figures as of June 30 being $1,042,513,993. The Only financial institution larger is, the National City Bank, with total resources of $1,537,421,958.

TRADE ACTIVE; HOGS STRONG TO 15CHIGHER Similar Conditions Rule in Cattle Market —Calves Weak to Lower. —Hog Price* Range— June Bulk. Top. Receipts. 29. [email protected] 9.40 9,500 30. 8.90(19.50 9.50 8.500 July 1. 8.75(519.40 9.40 9,900 2. [email protected] 9.50 4,000 4. —No market. 5. 8.75®9.50 9.50 \ 12.000 6. 8.85©9.60 9.70 8.500 Trade was fairly active today in the hog market at Union Stockyards which was strong to 10 cents higher on the hundredweight. Some select lights were 10 to 15 cents up. The general tone here was the same as at Chicago. The better prices came with a run of 8,500, good in itself, but little more than two-thirds the size of Tuesday's. Most sales were at $8.85 @9.60, an advance of 10 cents throughout the range. The top, $9.70, was 20 cents above the previous high mark. Hog Price Range The greater part of 160-200-pound m7aterial went at [email protected], some at 9.65; 200-225 pounds. [email protected]; 225-250 pounds, [email protected], and 300 pounds up, [email protected]. Pigs were down and packing sows $7 <S 7.75. In the cattle department, slaughter classes were strong to 25 cents higher. Beef steers sold at $10.50@ 13.35; beef cows, [email protected]: low cutters and cutter cows, $4 W 5.25; bulk stock and feeder steers, $7.25 @ 8.50. Estimated reoeipts were 1,400. Downward Turn The general tendency in the calf market was weak to 50 cents lower. Good and choice light weights largely sold at sl2@ 12.50, a few at 413, the previous top. The run counted 900. Lambs were 25 to 50 cents higher, sheep unchanged to slightly strong. Top fat lambs brought $14.50; bulk fat lambs, sl3@l4;bulk cull lambs, $8.50@11, and fat ewes, ss@7. —Hogs— Receipts. 8,500; market, strong to higher. 90-130 lbs [email protected] 130-160 lbs 9.00®9.50 160-200 lbs 9.35® 9.70 200-250 lbs [email protected] 250 lbs.\up 8.25® 8.85 —Cattle-*. Receiuts, 1,400; market, strong to higher. Beef steers $10.50©13.35 Bulk stock and feeder steers.. 7.25® 8.50 .Beef cows 6.25® 8.50 Low cutters and cutter cows... 4.00® 5.25 ' —Calves— Receipts. 900; market weak- to lower. Best vealers [email protected] Heavy calves [email protected] —Sheep' and Lambs— Receipts. 1,100; sheep steady, iambs higher. Top fat lambs $14.50 7 Bulk fat lambs 13.0Q®>14.00 Bulk cull lambs ... [email protected] Fat ewes 5.00 7.00 Other Livestock Bu United Press CHICAGO. July B. —Cattle—Receipts. 8,500; beef steers steady, rather slow trade; yearlings steady to strong. 1.400-pound steers at $14.40; yearlings, sl3; she stock steady to 15c higher, most cows. $3,75® 7.50; best heifers held above. $11.50; bulls. 10® 15c higher, medium grades** $6.50® 6.75: all cutter stock. $4.25® 5; vealers. 50c to $1 higher, choice kinds. $13.50® 14: Stockers and feeders credibly steady. Sheep—Receipts.. 9,000; fat lambs fairly active, early salts 25c higher than Tuesday- no western sold; choice rangers held at sls.2fc; early bulk of natives at sl4® 14.50. few best held higher, culls. $9.50® 10; sheep, steady; sprtngkling of fat ewes, at ss® 6; some up to $6.50; no feeding lambs sold: indication steady to strong: top feeding lambs late Tuesday sold at $13.50: bulk, $13.25. Hogs—Receipts. 16,000: market, 10® 15c higher; heavyweights, [email protected]; meidumwelghts, [email protected]: lightweights. [email protected]: light lights. $8.70 @9.45; packing sows, $6.75®8; slaughter pigs, $8.25(8,9.25. Bu Times Special LOUISVILLE, July 6. —Hogs—Receipts. 1,100; market, steady; tops. $9.35. Cattle —Receipts. 200; market, slow. Calves— Receipts. 200: market, steady; good to choice, [email protected]; medium to good, sß® 9.50: outs. $7.50 down. Sheep—Receipts. 2,000; market lambs. 50c higher: seconds and sheep steady: mixed lambs. $14.60; ?wes and wethers, sls; seconds, $9.90; sheep, [email protected]. Bu United Press PITTSBURGH. July B. —Hogs—Receipts. 1,000; market mostly 25® 35c higher: 250350 lbs., $9©9.50: 200-250 lbs., [email protected]; 160-200 lbs., $9.75® 10.35: 130-160 lbs., [email protected]: 90-160 lbs., [email protected]: packing sows, s7® 7.50. Cattle—Receipts, calves 100; market steady to 50c higher; beef steers, *[email protected]; vlalers, $13.50® 14. Sheep—Receipts. 1,000: market, lambs 50c higher: top fat lambs, $15.50; bulk cull lambs, sß® 11. Bu United. Press CLEVELAND. July 6.— Hogs—Receipts, 3.000; market, steady to 10c higher: 250350 lbs.. [email protected]; 200-250 lbs , $9.25® 9.75; 160-200 lbs.. [email protected]: 130-160 lbs.. [email protected]; 90-160 lbs., $9.25®9.50; packing sows, $7.25®7.50. Cattle—Receipts, 200: calves, 400: market, slow and steady, beef steers, $8.50@10; beef cows. $5®7.25; low cutter and cutter cows. [email protected]; vealers. $12.50©15. Sheep—Receipts, 500; market, 25c higher; top fat lambs, $14.05: bulk cull lambs, [email protected]; bulk fat ewes, $3.50®5.50. Bu United Press EAST BUFFALO. July 6.— Hogs—Receipts, 1,600; holdovers, 1,176; market, 15@25c higher: 750-350 lbs. [email protected]; 200-250 lbs., $9.75®10.25 160-200 lbs.. slo.lo© 10.25; 130-160 lbs.. $10®10.15; 90-160 lbs.. $9.90®10.10; packing sows, $7.50@8. Cattle —Receipts, 200; calves. 200; market, steady; calves, steady; vealers. sl3 50®14. Sheep—Receipts. 400: market, steady; bulk cull lambs, sll® 12.50; bulk fat ewes, $4.50 @6.50.

In the Sugar Market

(By Thomson Sc McKinnon) NEW YORK, July 6.—The sugar market has been depressed by the further circulation of July notices and a slow market for refined which is below the seasons normal. European selling is explained on the basis of hedging against the recent purchases and there is some occasional speculative support from Cuban interests. The volume of trading is light and the -market responds easily to minor influences. This does not change the main outlook however, and there is no reason for being discouraged as to ultimate upward movement of prices. UPHOLD GIFT TAX LAW Court of Appeals Rules on Income Levy Regulation. Bn United Press NEW YORK, July 7.—The United Press Circuit Court of Appeals has upheld the income tax regulation which provides that when a gift is sold,-tax shall be levied on the difference between the sale price and the cost to the original donor. The case in point concerned stock given by her father to Mrs. Walbridge S. Taft, a relative of the chief justice of the Supreme court. Hear Pleas for Paving County commissioners today heard pleas of petitioners asking the paving of W. Tenth St. from Tibbs Ave. to the county line, a distance of six miles. King George of England has developed the style of wearing violets i in his lapel, held in place by an~j elastic band sewed to his coat.

THE INDIANAPOLIS TIMES

Commission Row

PRICE TO RETAILERS FRUITS Apples—Box apples—Wlnesaps, $3.50® 4. Barrell apples—Ben Davis. $3.50. Basket apples (40 lbs.). Ben Davis. $1.50. Newaoples—Transparents. 40 lbs., s3®4; Duchess, s3® 3 25. „ __ Apricots—California, 25 lbs., $3.50. Bananas—4®sc lb. Cantaloupes—California standard crates. $4; jiony crate, [email protected]: flat crates, $1.50 Cherries—CSllfornia, $5,25 (15 lbs.); Michigan. 16 qts.. $3. Gooseberries —H. G.. $2 half bu. Grapefruit—Fancy. [email protected]. Honeydew melons—s3 crate. Lemons—California, s9@lo. Limes—California, $3 per hundred. Oranges—California Valencias crate. —Georgia Heley Bells, $2.75 bu. Pineapples—Cuban, [email protected]. Plums—California. 25 lbs.. $3. Raspberries—H. G. red, 24 pts., $5; H. G. black. 24 pts., $3.50. Watermelons —Florida; average SO lbs.. 65@90c. VEGETABLES Asparagus—H. G. fancy white, 35®45c doz.; green, 90c@$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 lb.. $6; H. G. green, 50c doz. Parsley—H. G., 50c dozen. Peas—H. G., $2.50 bu. Potatoes—Michigan whites. 150 lbs.. $7.50 fS; Virginia Cobblers. $6 bbl. California ussets, 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 lbs.. $1.40. Turnips—s 2 bushel.

Produce Markets

Butter (wholesale price) Creamery, best grade, a pound. 43@45c. Butterfat —Local dealers. 39c. Eggs—Strictly fresli delivered at Indianapolis. 19@20c dozen. Poultry (buying prices)—Hens, large breed. 17® 18c: Leghorn hens. sl4© 15c; old roosters, large, 9@llc; Leghorns and small, 7@loc; broilers. 2 lbs., up 23® 25c: IVi to 2 lbs.. 19@20c; Leghorns, black and small. 16® 20c; turkeys. No. 1 young toms, 20@25c: No. 1 young hens. 20®25c; old toms, 15® 20c: crooked breasted and fat. 10@12c; thin and poo>, 7@l2c; ducks. 12®15c; geese. 8@10c; guineas, 35c. Bu United Press CLEVELAND, July 6.— Butter—Extra in tubs. 42%@44%c; firsts, 39%® 40c; seconds 37®38c; packing stock. 28c. Eggs—Extras. 27c; extra firsts. 25c; flr*ts, 23%c; ordinaries, 22c. Polutry—Fowls, 23@24c: Leghorn fowls. 17@18c: heavy broilers, 32® 33c; Leghorn and light broilers. 23® 25c; roosters. 14@15c. Potatoes—Virginia barrels. s4, Bb® 5; South Carolina stave barreled cooo%FS. best $4.75®5. % Bu United Press _ . NEW YORK. July .—Flour—Quiet and unchanged. Pork —Steady: mess. $33. Lard —Firm: middlewest. $13.20® 13.30. Sugar —Raw, dull; 96 test. 4.52 c; refined, dull; granulated, 6.20 c. Coffee—Rio No. 7. 14 @l4%c; Santos. 16%®'17 Vic. Tallow Dull: special to extra. 7%@7%c. Hay Weak; No. 1, 51. 20r<4 1.25; No. 3. 90c® $1.05; clover, [email protected]. Dressed poultry —Quiet; turkeys, 25@48c; cMckens, 20® 35c: capons. 30® 46c: fowls. 12©27c; ducks, 18@22c; Long Island ducks. 23@24c. -Live poultry—Dull and unsettled; geese, 10® 12c: ducks. 12@24c; fowls. 21@26c; turkeys. 25® 30c; roosters. 14c; broilers. 18® 38c. Cheese—Firm; State milk, common to special. 27®28c; young Americas. 24® 24%c. Butter—Weak; receipts, 37,479: creamery extras, 41 %c; special market, 42 @42%c. Eggs—Steady: receipts. 57.186; nearby white fanev. 36® 38c; nearbv State white. 27 © 35c; fresh white firsts, 24® 25c; Pacific coast, first to extras. 28®36c; western whites, 26@29c: nearby browns. 28%® 33c. Potatoes—Southern, $1.50® 4.75; Maine, $2.50®3. Sweet potatoes Jersey basket. $133.25. Bu United Press CHICAGO, July 6.— Butter—Receipts. 18.208: creamery. 38®38%c; standards. 39c: firsts. 36®36%c; seconds. 34®35c: extras. 39%c. Eggs—Receipts. 17.117; ordinaries. 20%®21%c: firsts. 22©23c; seconds. 20c. Cheese—Twins. 22%®22%c; Americas. 23%c. Poultry—Receipts. 2 cars: fowls, heavy 23c: springs. 25c: ducks. 17® 20c: geese. 13@19c; turks. 20c; roosters. 14%c: broilers. 25c. Potatoes—Receipts, arrivals 85 cars: on track 242; in transit. 568;'Kansas sacked. Early Ohio*. $2.15. Sweet potatoes—sl®;l.4o. ,

Indianapolis Stocks

''—July B—r 'Bid. Ask. Amer Central Life 550 ... Amer Creosoting Cos pfd 101 105 Belt R R com 66’i 69 Belt R R pfd 58*4 ... Cent Ind Power Cos pfd 93 95 Cities Service Cos com- 45... Cities Service Cos pfa 87>3 ... Citizens Gas Cos com 55' 2 57 Citizens Gas Cos pfd 10 ( Commonwealth Loan Cos pfd... 99'a ... Equitable Securities Cos com... 51 Hook Drug Cos com 29% .... Indiana Hotel com Indiana Hotel pfd 101 Ind Service Corp pfd 87 Indianapolis Gas com 60' 2 ... IndDls Sc Northwestern pfd.. . 52 Indpls PSc L 6'/ 2 s pfd 98'/ 100 JnaDls P & L 7s pid . 97 100 Indianapolis St Ry pfd 38', 2 40 Indpls Water Cos pfd f .103 Indpls Water Wks Sec Cos. ..7. 98 Interstate P Str pr lien Interstate P S 8s pfd 85 Merchants Pub Util pfd Ihil North Ind Pub Service pfd 93 95 Progress Laundry com 23 Rauh Fertilizer pfd 50 Real Silk Hosiery pfd . .. 92 T H I & E com 2 T H I & E pfd 21 ... T H Trac & Lt Cos pfd 92 99 Union Trac of Ind com Union Trafc of Ind Ist pfd Union Trac of Ind 2d pfd 2 Union Title Cos com Van Camp Pack Cos pfd 5 ... Van Camp Prod Ist pfd 95 Van Camp Prod 2d pra. 95 • —Bank Stock*— Aetna Trust and Sav Cos 118 ... Bankers Trust Cos 132 City 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 264 270 Indiana Trust Cos 230 Livestock Ex Bank 162 172 Marion County Bank 210 Merchants Nat Bank 325 Peoples State Bank 198 Security Trust Cos 275 ... State Savings and Trust 90 Union Trust Company 415 Wash Bank and Trust Cos 160 —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 32 ', 2 35 Citizens Gas Cos 5s 102% ... Citizens St RR 5s 86% 8? Gary St Rv 5s 89 91 Home T and T of Ft W 65.. 103 104 Indiana Hotel 5s - 99% ... Indiana Northern 5s 2 Ind Rv and Lt 5s 95 Ind Service Corp 5s 92 Vs ... Ind Union Trac 5 3 ... Indpls Col Sc So 6s 98% 10. Indpls Gas Cos 5s 100 Indpls Sc Martinsville 6s 79 ... Indpls Northern 5S 24 28 Indpls Sc Northwestern 5s ... 79 ... Indpls Power and Lt Cos 5s ... 97 98 Indpls St Ry 4s 6814 69 Indpls Trac and Term 5s .... 95 96 Indpls Union Rv 5s JOl Indpls Water 5%s 103% ... Indpls Water Ist 5s 98 ... Indpls Water 4>/ 2 s 96 Indpls Water Wk Sec Cos 6s .. 100 Interstate Pub S 6s 1031 2 ... Interstate Pub &*Bs 6'/ 2 s IQS 1 -' 3 ••• N Ind Pub Serv Cos 5s 96 T H I & E 5s 86 T H Trac and Light 5s 99 ... Union Trac of Ind 6s r . 17 18 —Liberty Bonds — Ist 3%S 100.90 101.00 Ist 414S 102.92 103.06 2nd flis 100.20 100.30 3d 414 s 100.80 101.00 4th 414s 103.60 103.72 US Tr 414s 113.20 113.30 USTr 4s 108.30 108.46 USTr 3%S 105.20 105.34 US Tr 314s 99.90 100 10 |U STr 3%S 100.00 100.25 TAKE ITALIAN’S SAVINGS Bu United Press WASHINGTON. July 6.—Guiseppa Arata’s $3,770 is gone, and with it his hope of visiting his sick father in Genoa, Italy. Guiseppa had worked hard and long in Italy’s trenches during the war. He worked harder and longer helping run a delicatessen store here. Every, cent he either sent to his parents in the old country or saved for his trip v Then burglars visited his room. [They took $2,000 from a shirt, $660 ["lron} a suitcase and sl,llO from a pocketbook.

HEAVINESS IN WHEAT LOOKED * FOR JILL DAY Opening Fractionally Off, With Further Declines - Anticipated. Bu United Press CHICAGO, July 6.—The heavy tone of the'wheat market assumed after the recent holiday is expected to dominate the market today and further declines are looked for in this session. Opening quotations were % to >% lower than the close Tuesday. Traders are going slowly until the extent of the new crop jpovement in the southwest, where increased hedging pressure has been evident, is made known. Weather continues ideal for the crop, and reports from the spring wheat crop in the northwest continue good. There has been plenty of buying on all recent wheat depressions. Corn opened 1% to 1% lower than yesterday’s close, traders continuing to show the greatest interest in December corn, which yesterday had reached a pqint 5 cents higher than the September and 14 cents higher than the July. This is taken as reflecting faith in the ultimate bullishness of the new crop future, although weather just now is continuing propitious for growth. There is continued liquidation of July oats just as in corn, and what activity this pit shows is given to buying the December. Today's opening was unchanged to % lower than the previous close, showing the tendency to follow Other grains. Weather for the new crop is more, favorable but the grain is still far behind. Provisions opened unchanged. Chicago Grain Table —July 6 , WHEAT— Prev. High. - Low. 12:00. close. July 1.45% 1.43% 1.45% 1.44% Sept 1.44% 1.42% 1.44 1.43 V Dec /, 1.47 1(45% 1.46’% 1.46% CORN— July .97% .95% .97% .97% Sept. .+ 1.06 1.04% 1.06 1.06% Dec 1.11% 1.09% MO/* 1.11% OATS— July 45% .44% .45 .45 V* Sept 46% .46% .46% .47 Dec 49% 48% .49 49% RYE— ' _4 July i 1.09% 1.07% 1.09 1.09 Sept 1.00% 99 1.00% 1.00% Dec 1.02% 1.01% 1.02% 1.03% LARD— July 12.70 .. .. 12.70 Sept, t 12.37 12.71 12.81 12.75 Oct. .f 12.97 12 90 12.97 12.90 RIBS — July ~,*. .. 11.80 Sept 12.00 12.00 12.10 Bu Times BDeeJnl ' CHICAGO. July 6. —Carlots: Wheat, 94; corn, 386; oats, 08; rye. 17. Bu Times Special CHICAGO. July 6.— Primary receipts— Wheat. 1.244,000 against 2,000,000; corn. 731,000 against 489.000; oats. 307.000 gainst 852,000. Shipment Wheat, 1.966,000 against 1,195.000: com. 510,000 against 383.000: oats. 254,000 against 515,000. Bu United Press CHICAGO. July 6.— Cash grain: CornNo. 2 yellow. $1.02%; No. 3 yellow. 99%c @51.02; No. 4 yellow, 98@98%c; No. 5 yellow, 94® 96c; No. 6 yellow. 90/24(930; No. 2 mixed. $1.00' 2; No. 3 mixed. 98© 99c; No. 6 mixed, 90%© 92c; No. 2 white, $1.03; Nc. 3 white. $1.014/1.01%; No .4 white, 98c; No. 5 white. 92%c; No. 6 white, 90c; sample crade, 744/90'. Oats—No. 2 white. 48%c: No. 3 wh.te. 45%@46%c: No. 4 white. 42’, 2C. Bariev—7l®77c. Timothy—s4.7s© 5. Clover—s2o® 35. Bu I H'd Press TOLEDO. July 6.— Close: Wheat—No. 2. $1.43® 1.44. Corn No. 3. $1.02®1.03. Rye —No. 2, $1.09%. Oats—No. 3. 49%©50%c. Clover —Cash, imported. $13.90; October, 816.75; December. $16.70. Timothy—Cash. $2.50; December. $2.70. Alsike—August. $14.25. Butter—4l® 44c. Eggs—22® 24c. Hay—s2s.

Cash Grain

The bids for car lots of grnln at the call' of the Indianapolis Board of Trade, f. o. b. basis 41 Vac New York rate, were: Wheat —Steady: No. 2 red. [email protected]; No. 2 hard. $1.38® 1.41, Corn—Firm: No. 3 • white. 95%@97%c: No. 4 white. 92%© 94%c; No. 3 yellow. 92% @ 94' >c; No. 4 vellow. 90© 92c; No. 3 mixed. 89(© 91c: No. 4 mixed. 87©89c. Oats—Steady; Np. 2 white. 44@46c; No. 3 white. 42%@44cl Hav—No. 1 timothy. $14.50® 15; No. 2 timothy, $13©14; No. 1 light clover mixed, $14.50® 15: No. 1 clover mixed. $14®14.50; No. 1 clover hay. $13.50® 14. —lnspections Wheat—No. 1 red. 2 cars; No. 2 red. 2 cars: No. 4 red. 1 car; sample. 1 car. Total, 6 cars. Corn—No. 3 white, 4 cars; No. 4 white, 1 car; No. 5 white, 4 cars: sample white, 3 cars; No. 3 yellow, 2 cars; No. 4 yellow, 4 cars; No. 5 yellow. 7 cars: No. 6 vellow, 2 cars; sample vellow, 2 cars; No. 2 mixed, 1 cars; No. 4 mixed, 1 car; No. 5 mixed, 1 car: sample mixed. 2 cars. Total. X 4 cars. Oats—No. 2 white, 1 car; No. 3 white, 10 cars; No. 4 white, 2 cars; sample white, 2 cars. Total, 15 cars. Storms Ravage Roumanis Bu I nitrd Pres* VIENNA, July 6.—Several persons were missing and feared to be dead today after storms that unroofed many houses in the Roumanian provinces of Banat and SiedenbuYgen. '

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Plane Squadrons Dance With Music at Pageant

Stunt Flying, New Ships Thrill Crowd of . 50,000. Bu United Press LONDON, July 2. Airplane squadrons hundreds of feet in the air “dancing” to tfie music of a jazz band, were the star feature of the eighth Royal Air Force pageant held this afternoon at Hudson Aerodrome, seven miles north of London. The music which was trans-

Merchant Dies

838 fig HR PIMP

Moses Glick

*■ Funeral services for Moses Glick, 65, of 831 Union St., who died Tuesday will be conducted at the home at 2 p. m. Thursday. Burial will be made in the United Hebrew Congregational cemetery. \ Mr. Glick, born in Austria, came to this country about 45 years ago. He settled in New York and moved to this city twenty-two years ago. He operated a grocery at 832 S. Meridian St., for many years and retired seven years ago. Mr. Glick was a member of B'Nai B’ritn, Independent Order of Birth Abraham and United Hebrew Congregation. Surviving him are the widow, five daughters, Mrs. J. Friedman, Mrs. A. Nathanson, Mrs. George Michaels and Mrs. Mike Mitchell, all of this city, and Mrs. Sam Cohen of Detroit, Mich; three sons, Sidney of this city, Benjamin of Detroit, and Jake Glick of Lebanon, Pa.; three sisters. Mrs. Fannie Fishbein of this city, and Mrs. Bertha Stegman and Mrs. Lillian Goldblatt of Austria, dnd a brother, Louis Glick who lives in Austria. LOYAL PRISONERS WIN Sentences of Mutiny Crew’s Victims Will Be Shorthcned. Bu United Press LEAVENWORTH. Kan., July 6. Six months will be taken from the sentences of the 296 loyal prisoners, who unwillingly took part in a receht coal mine mutiny at the Kansas State Prison, when they were barricaded in one end of th eshaft by fifty mutinous men. Warden Mackey announced today. * The fifty mutineeers remained in possession of the mines lbr seventyseven hours. If the warden’s announcement Is carried out, many of the men will go free at once. NATIONALIST DRIVE ON Troops Moving Toward Tientsin Foreign Concessions. Bu United Press LONDON, July 6.—Nationalist troops have started a concerted movement toward Tientsin, where 12,000 troops are guarding the foreign concessions, an exchange telegraph Shanghai dispatch said today.

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mitted to the flyers by radio, was made the basis of elaborate evolutions performed to the rhythm of the tune and the words which went with it. THus when the band played “Cfiick, Chick, Chicky,” and came to the phrase in the words of the song, “I lay my little egg,” the squadrons swooped down and began to drop bombs. After this they zoomed again and simultaneously began to “roll” their machines in formation while the band played “Rolling Home.” Other evolutions followed to the tunes of “Here we go round the mulberry bush,” and “The mbre we are together,” while the “dance” concluded with the squadrons flying past the grand stand and landing in front of their hangars to the tune of “Won’t you come hoijie. Bill Bailey?” m Stunt flying by crack pilots of the R. F. A. thrilled a crowd of more than 50,000 people and great interest was shown by the crowds In the “taxi past” the grand stand when one machine each of all the new types of lighting machines in the air force taxied slowly past the crowds giving everybody a close view of the latest machines.

Births _ Girl* Mobe and Mabel Cook. 417 Bicklng. Charles and Julia Llford, 826 E. Georgia. William and Valma Smedley. I*2 E. Georgia. Roland and Dorothy Reddick, 955 Eugene. James and Eva Patterson, 314 W. Morris. Halt and Ivy Bruton. 225 E. Morris. Clifford ana Katherine Patton, Methodist Hospital, v George and Marv Pieczko. 530 Concord. Earl and Marie Sisson. 2164 N. Capitol. Henry and Ruth Denk, 1454 S. Richland. Logan and Josephine Washmuth. 4311 Ralston. Hershel and Marv Foxworthy, 2028 W. Morris. Charles and Gaynell Monroe, 20 Drexel. Charles and Anna Hlghstreet, 2820 E. Vermont. Orville and Mathilda Bornemann. Methodist Hospital. Boys Leroy and Delphla Hollowell. 530 Rochester. John and Nellie Young. 1725 English. Raymond and Bessie Puckett, 1539 College. Edwin and Rena Horton, Christian HosnltaL Chester and Cecile Pool, 4437 Royal. Herbert and Elsie Janneck. 2426 E. Thirteenth. Marion and Mabel Ricks. 610 E. Twelfth. William and Minnie Thorncll, 2505 Wood. Deaths Marv Shead Thomas, 73, Methodist Hospital. diabetes mollitus. Clement T. McMillin, 68. 1409 Olive, lethargic encephalitis. Luciie Brown. 64, 1815 N. Pennsylvania, carcinoma. George C. Nicholson. 71, Methodist Hospital. chronic myocarditis. Bertha Keneger, 69. St. Vincent Hospital, chronic nephritis. Frances Hendershott, 75. 5140 N. Keystone. arteriosclerosis. Alberta Irene Cooper, 2 days. 240 N. Beville. non closure o{ foreman ovale. Mary A. Gelderman, 81. 2706 Burton, angina pectoris. Francis E. Kint 71. 2056 W. Washington. cerebral hemorrhage Marcus A. Cox. 24, 44 S. Grace, pulmonary tuberculosis. John Shlrkley, 71. city hospital, broncho pneumonia. Catherine Breahm. 80. 1219 Roache, cerebral hemorrhage. Marv Ann Morlarity, 82. 2149 Ashland, cerebral hemorrhage. w Calvin H. McKinney. 63. 2241 Union, cirrhosis of liver. Christian Koesmeier. 74. 2862 N. Gale, apoplexy. Matilda Brocksmith, 55, St. Vincent Hospital, myocarditis. Julia Llntz. 75. 136 McKim. hypostatic pneumonia. Mary Sullivan. 72. 1625 N Delaware, chronic myocarditis. Martha Louise Zalm. 9 months. Riley Hospital, tuberculosis meningitis. George Harbaugh, 1, 727 Union, acute ileocolitis. Mary A. Knott. 42, 1545 Ringgold, gastro enteritis. Eugene *R. Hayden. 32. 725 N. West, meningitis. Viola Lair, 39. city hospital, pulmonary tuberculosis. Alexander Willis. 70. city hospital, mitral insufficiency. Macv Havnes. 28. 769 Indiana, peritonitis. Ida E. Cinner, 63. 3142 Kenwfcid, carcinoma / Bert James Reeder. 42.* city hospital, pernicious anemia. Elizabeth Mary Howard. 75, 2820 Central, acute cardiac dilatation. Fannie Evelyn Woodward. 76, 2889 Sutherland. hypostatic pneumonia. Thelma Fern Gaobert, v 3O, city hospital, peritonitis. Allen Barner, 43. city hospital, accidental. Jessie Bailey. 38. P 43 Traub. myocarditis. 75,000 In Terre Haute Bu Times Special TERRE HAUTE, Ind.. July 6.The population of Terre Haute Is 75.000. according to the new city directory, Just Issued. t —r Adopt r- '\id Prayer Book Bu United Preit , LONuuk, _ „(y 6.—The Church of England's assembly adopted the revised prayer book today b/ a vote of 517 to 133.

JULY 6,192 TJ!

NAVY HEAD AND . BYRD DISAGREE ON POLAR TRIP Wilbur’s Frowns May Cause Change in Plans of Commander. Bu United Press WASHINGTON, July 6.—Secretary of Navy Wilbur’s opposition to the proposed south polar flight of Commander Byrd has caused speculation as to what will be the outcome of the difference of view. Wilbur opposes the south polar flight, it is believed, because he would prefer that Byrd make an officially sponsored flight of immediately practical nature to give the navy a past in the present aviation revival. Byrd, retired. Is liow on active duty. Though he is on indefinite leave he might, as a naval officer, be expected to let the Navy’s desire3 Influence him. Other Plans Failed A high Navy official said today Wie Navy had planned a round-the-world flight previously, but had called it off when the Army decided on its globe-circling stunt two years ago. , | Byrd himself had planned a non-i stop trans-Atlantic flight as early as 1920 and was all ready to make the hop wheb it was called off. Admiral William A. Moffett, chief of the Navy’s Bureau of Aeronautics, revealed also today. Outcome Uncertain A south polar flight would be of an explorative, scientific nature, lacking the practical aspects of a long distance flight across maintraveled highways. Wilbur, It is believed, would rather see an official navy flight that would yield some new light upon practical commercial and military aviation. It is held likely the navy secretary will point out to Byrd, on the latter's return from France, that while the Navy obtains a certain glamor from Byrd's exploits, the aviator has received the benefits of Navy co-operation and Navy air instruments in his adventures. Whether Byrd will regard this as obligating him to defer to Wilbur’s wishes in the south polar-equa-torial flight is one of the angles watched with interest here. ASK VALUATION CUT Utilities Promoter Appears for Merged Property. Charles Clarke, Chicago utilities promoter, who backed the merger of 1 the two companies to form the In-R dianapolis Power and Light Company. appeared before the State tax board with attorneys today and asked that the company valuation be reduced. Attorneys Charles N. Thompson &nd Fred Simms argued that $3,000 - 000 in merged property would be reduced in valuation to $2,000,000 and that the reduced rate scale put into effect at the time of the merger would decrease company revenuri $600,000. Valuation fixed by the board at an earlier session was $23,607,600. Local real estate assessments brings the total to $24,896,000. CARS CRASH; ONE HURT Autoist Is Held on Charge of Reckless Driving. Mrs. R. L. Warren, 'l. of R. R. H., Box 268, received a crushed leg and severe cuts and bruises when the auto she was driving collided with one driven by Drew Ross, 20. of R. R. M., Box 397, at Twenty-First St. and Emerson Ave., early tod.V Mrs. Warren's car upset. Ross was cliarged with reckless driving. Both cars were wrecked..