Indianapolis Times, Volume 39, Number 49, Indianapolis, Marion County, 7 July 1927 — Page 14

PAGE 14

GAINS REDUCED SOME LATER JN DAY Profit-Taking Cuts Into Them, Closing With Indefinite Trend.

Average Stock Prices

Average of twenty industrials Wednesday was 172.27, up 1.32. Average of twenty rails was 136.48, up .40. Average of forty bonds was 96.98, up .05. Bu United Press NEW YORK, July 7.—Profit-tak-ing reduced early gains in the late trading on the stock exchange today. Selling, however, did not get out of bounds and the day closed with prices irregular but no definite lower trend in sight. Kansas City Southern spurted ahead in good demand while several specialties gained ground. Canada Dry dropped two points, while losses running over a point were sustained by Dodge Brothers A, Hudson, General Electric and Texas Gulf. Baldwin was strong, a point above the previous close. General Motors and U. S. Steel held fractionally higher. Stocks made further progress on the recovery today. Fresh stimulus was afforded by the renewal of call money at 4 per cent for the first time since June 27. In 1926, the renewal charge this low was not reached under the midyear settlement until July 20. Collateral borrowings are considerably larger now than a year ago, but So are gold holdings. Reserve ratios of both the local regional bank and the entire Federal system are stronger. This explains why credit is easier than in the summer of 1926, in the face of loan expansion. Rails took an increasingly active part in the rally. Sharp advances occurred in Kansas City Southern, Lehigh Valleey and other issues with good merger prospects. While the industrial leaders continued to display a strong tone, considerable irregularity developed in this section of the market.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $4,275,000; debits, $9,203,000. NEW 'YORK STATEMENT Bli United Press NEW YORK. July 7.—Clearings. $1,115,000,000; balances, $164,000,000. FOREIGN EXCHANGE Bv United Press NEW YORK, July 7.—Foreign exchange closed irregular. Sterling demand. $4.85%, off .00 1-32: francs 3.91%c. off .OO'/s: lira 6.45%c; Belga 13.89 c. up .01; Belga 13.89 c, OP .01; marks, 23.68 Vic.

Local Wagon Wheat

Local grain elevators are paying $1.32 for No. 2 red wheat. Other grades are purchased on their merits. BUILDINGS FILL UP Realtor Says City Business Outlook Better. Better business condition in Indianapolis are reflected in inci eased occupancy of downtown storerooms and office buildings, George W. Klein, realtor, reported to the Indianapolis real estate board at his luncheon today at the Chamber of Commerce. During the first six months of 1926 there was a 13 per cent vacancy in class A office buildings while at present the vacancy is only 7 per cent, he said. A material gain in tenancies has been made by all classes of business buildings, he said. Storerooms in the downtown retail district are occupied more completely now than at any time since 1920, the report said. In April, 1926, a survey showed thirty-three ground floor vacancies in the congested vacancies, while at present there are only seven vacancies in the same area. ‘BOSTON BILLY’ CAUGHT, WOUNDED BY OFFICERS Detectives Arrest Man Wanted for Sensational Robberies. Bu United Press NEW YORK, July 7.—Boston Billy Williams, wanted in Long Island in connection with a series of robberies of wealthy homes, was shot and wounded in New Britain, Conn., today by officers who captured him there, the Burns Detective Agency here announced. Williams was found by Charles Sheraton of the Burns Agency and Detective Gordon Hurley of Nassau County, who have been trailing him, the agency said. He was found at the home of his brother and put up a fight in which he was wounded. He was taken to the New Britain Hospital. JAPAN SENDS TROOPS Railway Through Chinese Province Will Be Guarded. Bu United Press PEKING, July 7.—Five train loads of Japanese troops have been dispatched inland in Shantung province, China, the Japanese legations announced today. ✓ The troops will guard the railway and the town of Tsinanfu. Asks Additional Line Bv United Press WASHINGTON, July 7.—The north division of the Gulf and Ship Island Railroad, an Illinois Central subsidiary, today applied to the Interstate Commerce Commission for authority to construct a 150-mile line through seven counties of Mississippi from Mendenhall to Canton. Treasury Balance Announced Bu United. Press WASHINGTON, July 7.—The Treasury announced today that the net balance July 5 was $226,210,442.51.

New York Stocks By Thomson & McKinnon

-July 7 Railroads- 2:0 o ; At tc col°3t L , :::::fevi 18* iß* 1888 B& O JI6J/2 l ls ’i 1J5,, 179'^ Can Pacific CAN W 87Vi 86 Vi 86 Vi 87 a p p c_ p 115 114 1 2 115 115 Del & Hud’.'! ”!216% 214% 215 216 Del & Lack ... • • ':: 7 ; *ea tos/i K C south ...... 80Vi *Us JO* MK & T 52Ve 52 52% 52 Mo Pac pfd ...Jos'/4 m v Cen ....150 N Y N H '& H.. 54 53‘A 53Ya 54 No Pacific 88% 88 7 /s 88% Nor & W 184 ... 183 113% Pere Marq 131 ••• 181 Ponn.v . .. 64Vi 63Vi 64 63% Reading ....119 117% 118% 118% souS rv ;:::i27 m% 127 127% Southern/ Pac\. .1187s ... 1 }§ /2 St Paul >. 167 2 ... 1672 17 St Paul pfd ... 32 Vi ... 32, 32/i St L& S W... 87Vi ... 87Vi 88% St L & S F...113 ... 113 113% Union Pac .*...174% ... 174% 174 h Wabash 74% 73% 74 75% Wabash pfd ... 97Vi ... 97Vi 97Vi Rubbers—

Ajax 9% 9 9% 9Vi Fisk 16Vi ... 16% 16% Goodrich .. ... ■ • • 55 Goodyear pfd ...114 113 114 l i?, / Kelly-Spg 25% 24% 24% 25 4 U S Rubber.... 46% 45% 46 45% Equipments— Am Car & F.. 98% 98% 98% 98% Am Loco IOJt 2 Am Stl Fd ... 46 ... 45% 45% Bald Loco 239 Vi 236 Vi 238% 237% Gen Elec 117% 116 116 117% Lima 66 Vi 65% 66% 65 N Y Air Bk 46 Pres Stl Car.. 1 ... 61% 59 61% 59 Pullman 184 ... 184 183 Wsth A B 178% 176% 178 Vi 176 Vi Wsth Elec 79% 79% 79% 78% Steels— Bethle 49 48% 49 48% Colo Fuel 94% 92% 93 % 93% Crucible 84 Gulf St Steel - 47% Inland Steel 50 Phil RC & 1.... 39 38% 39 39 Rep Steel 63 Vi Sl-Shef 117 U S Steel 122 Vi 121% 121 121% Alloy 37% Vanadium ... 45 44Vi Motors— ” Amer Bosch .... 16% ... 16% 17 Chandler 18% 81 18% 18% Chrysler 48 47 Vi 4|% 48 Con Motors 11 ... 11 11 Dodge 19% ... 19 , 19% Gabriel 46% 45% 46% 45% General Motors 203 201% 203 202% Hudson 81% 79% 81 81% Hupp 19% 19% 19% 19% Jordan 16% 12% 16% 12% Mack 99% 98% 99 99% Mar Parr 17'% ..: 17% 16% Moon 6% ... 6% 6% Nash 66% ... 65% 66% Packard 35Vs ... 34% 35 Peerless 25 ... 25 25 Vi Pierce Arr 14% ... 14 14% Studebaker .... 50% 49% 50% 50% Stewart War.... 61 % ... 61% 61% Willys-Overland . 17% ... 17% 17% Timken 104 102% 103 103% White Motors ... 3% 37 37% 38 Mining— Amer Smelt ....155% 154% 154% 155% Anaconda 43% ... 43% 43Vi Cer De Pas 59Vs ... 59Vi 59 Inspir 13% ... 13% 13% Int Nick 63% 62% 62% 62% Kennec 62% 62 62% 61Va Tex G & 5u1.... 65% 64% 65 65% U S Smelt 35 Vi Oils— At Ref 114% ... 113% 113% Cal Pete 24 23 24 23 Frep Texas .... 70Vi 69Vi 69Vi 69Vi Houston 168% 166 166% 167% Indp Oil 19% ... 19% 19% Marland C 33% ... 32% 33Vi Mid C Pete .... 30% ... 30% 30Vi P-A Pete B 54% 54 54% 55 Phil Pete 40% 39% 4040% Union Oil 42 ... 41% 42Vi Pure Oil 26!i ... 26% 26 toyal Dutch 48 7 /s hell 27% ... 27% 27% Sinclair 16% 16% 16% 16% Skelly 26% 26 26% 26% Std Oil Cal 53% ... 53% 54 Std Oil NJ 36% 36% 36% 36% Std Oil N Y 30Vi ... 30Vi 30% Texas Cos 47Vi ... 47 47Vi Trans Pete 9 ... 8% 9 Industrials— Adv Rumly 12 Allis- Chaim 107% Allied Chem ....145% 143% 144% 143% Armour A 10% Amer Can 58 Vi 57% 57% 58 Amer H-L 10% Amer H-L pfd .. 66% ... 66 66% Amer Safety R 44 Vi Amer Wool 19Vi ... 19% 19% Central L ... 13% Coca Cola 117& ... 117 117% Cont Can 71 Vi ... 71% 71% Cert Prods ... ... si Dr.v Chem 30 Vi ... 30Vi 30% Dupont 241% 240 240 Vi 242 Famous Player.. 98 96% 96% 97% General Asphalt 74% 73 V? *744 73 Int C Engf 47% ... 46% 47 Int Paper 47 ... 46% 47 Int Harv 182% 181 181 % 183 May D Sta 70% 69 Vi 70 69% Mont Ward 65% ... 65% 65% Nat Lead 99Vi ... 99% 100% Owen Bottle 77% Radio 54‘/a 53% 53% 54% Real Silk 34 31% 33% 29 , Rem Type 45% 44 44% 45% Sears-Roeb 57 Vi ... 57% 57 United Drg 169% 169 169% 165% Univ Pipe ... 31 USC 1 P 234V 2 234% 234 Vi 234 - USIn A1 81% 81% 81% 81% Woolworth .... 142% Utilities— Am T & T 164% ... 163% 164% Am Express 145% ... 144% 145 Am W W 92% 91% 91% -5.92 Brklyn Man ... 58% ... 58 58 Col Gs & E 1... 94% ... 94Vi 94% Cons Gas 104% ... 103% 104 Interboro ... 38 No Am Cos 48Vi ... 48% 48% Peoples G 140 ... 140 140% S Gas and El.. 60% ... 60% 60% West Union 165 , Shipping— Am In Corp.... 51 50 50% 50 Am S & C..; 41/, Atlantic G ... 38 Vi 36% 38 37% In M M pld... 48 47% 48 47% United Fr 134% 131 133% 131% Foods— Am Sugar 87% ... 87% 87% A B Sugar 20 ... 20 20 Austin N 4s/. Beech N ” 59 Calif Pkg 63Vi ... 63% 63% Corn Prods ... 54% 53Vi 53% 53% £ uba 9 E fd ••• 361/2 36Vi 35% Cuba A Sug ... 22% 22% 22% 22% Fleischmarur"... 56 % 55% 56% 5514 Jewel Tea 54 4 Nat Biscuit 132% ... i32% 133 Punta Ale 37% ... 37% fostum 104% 103% 104 104% ** * * 26 ’< 25,2 2 * A" 1 Suma 57 56% 57 57% r B * - 136,/ * * Cons Cigars ... 86% '85% - 86 85% vfil C‘ garS ....7% 66% 66% 66% t j 117 ... 116V2 117*% Lorillard 34% 33Ti 34% 34 Tob J l? e B n 13 ?ni ••• 137% .137 fr°V. P 101 ••• 100% 101% -c >, C I? ••• 901/2 90% 90% 9114 -Schulte R S ... 53 52% 52% 53%

Produce Markets

Butter (wholesale price) Creamerv be st grade, a pound, 43@45c reamery - Butterfat—Local dealers. 39c. Eggs—Strictly fresh delivered at Indianapolis, 19@20c dozen. V Poultry (buying prices)—Hens, large breed, 17@18c; Leghorn hens, sl4©lsc; old roosters, large, 9(dl\c; Leghorns and broilers, 2 lbs., up 23® 25c; 1% to 2 lbs., 19(ffi20c; Leghorns, black ? nd s Ui lU ' turkeys. No. 1 young toms 20®.25c; No. 1 young hens. 20@25c; fit 15 ?L? 0c: crooked breasted and iSKA 0l! '' 12c: thln and Poor, 7@l2c; ducks 12<S> 15c; geese, B<§>loc: guineas. 35c, Bu X J nited Press ’ nJinn ly 7 —Produce: ButterReceipts 12 609; creamery. 38®38%c si^6 n< ?i^ rds ’ /:C * ®rst, 36@36%c; seconds’, 344/35c; extras, 39%c. Eea Rpcelntc 9.380; ordinaries. 20%®21%c: firsts. sec ° nds '. 20c. Cheese—Twins. 22%®> 22%c, Americas 23c. Poultry—Receipts, 4 cars, fowls heavy, 24c: springs, 33c rnnitoV in C ' ge^?e - 13(11190; turks, 20c; rs c 14/2C- Potatoes—Receipts; ari ii-’ ili,n 0 J s ’ ° n track. 196; In transit. vAw,? nsas .?2 and Oklahoma sacked toes-$l| b l bl 4 e o r . S ' s2 ' 2s ® 2 ' 4o ' Swcet P°taBu T 7 nited Press CLEVELAND, July 7.—Butter Extra In tubs. 42%@ 4 4 I ' 2 c; firsts, 39‘%®40c seconds 37® 38c: packing stock, 28c. Eggs—Extras, 27c; extra firsts. 25c; firsts, 23%c ordinaries, 22c. Poultry—Fowls 27(f/;94f*’ Leghorn fowls. 17® 18£; heavy broileS 32 ® 33c: Leghorn broiler, 23®25c roosters Jell, sC4'.7s@°$ C 4'.7s@°5 t 2^ eS ~ Virglnia Cobblcrs bar: Bu United Press NEW YORK, July 7.—Flour—Qui£t and flr™- Pork—Steady; mess, $33. Lard Dull; middlewest. $13.054013.15. Sugar Raw steady; 96 test, 4.52 c; refined steadygranulated. 6.20 c. Coffee—Rio No. 7, 14® 14% c; Santos, ?6%@>16%c. Tailow— Steady; special to extra. 7'/2@7%c. Hav --Quiet: No. 1 $12001.*; No. 3, 9()c4 $1.05: clover, 95c®51.15. Dressed poultry— Weak; turkeys, 25@46c; chickens, 20®34c; capons, 30®46c; fowls, 12®27c; ducks, lb ®22c; Long Island ducks, 23@24c. Live poultry—Firm; geese, 10® 12c; ducks, 12® 24c; fowls, 25® 30c; turkeys, 25®30c; roosters. 16c; broilers. 15@38c. Cheese Quiet; State milk, common to special, 27 <S2Bc; young Americas, 24®,24%c. Butter ■—Steady; receipts, 25,172; creamery extras, 4IV2C; special market. 42®42%c. Eggs Firmer; receipts, 34,086; nearby white fancy, 38®40c; nearby State white. 27® 37c; fresh firsts, 24@25c; Pacific coast, first to extras, 28®36c; western whites, 26 ®3oc; nearby browns, 28%®35c. Potatoes —Southern, $1.5C®4.50; Maine, sl®3. Sweet potatoes—Jersey basket, *[email protected].

HOGS ADVANCE IRREGULARLY IN LOCAL TRADING \ Gains Range From 15 to 25 Cents—Calves Go Up Around sl. —Hog Prices Range— June Bulk. Top. Receipts. 30. [email protected] 9.50 8,500 July 1. 8.75(5)9.40 9.40 9,500 2. [email protected] 9.50 4,000 4. No market., 5. 6. 8.85(5,9.60 9.70 8,500 7. 9.00(59.85 9.90 9,000 An uneven advance of 15 to 25 cents on the hundredweight was scared in the hog market at the Indianapolis Union Stockyards today. Trade was active at these prices, while Chicago’s market was strong to 10 cents higher. The early top there was $9.70, compared with $9.90 at the local exchange. Bulk sales here were at $9 @9.85. The run was estimated to contain 9,000 porkers, with 200 holdovers added. Hog Price Range Meat animals weighing 160-200 pounds sold at [email protected], top lights at $9.90; 200-225 pounds, $9.5009.75; 225-250 pounds, [email protected], and 250 pounds up, [email protected]. Packing sows were $7.25 @8 and pigs were quoted at $9.25 down. In the cattle department, where about 1,200 head were received, steers were little changed and she stock wss strong to higher. Beef steers went at $10.25012.75; beef cows, [email protected]; low cutters and cutter cows, [email protected], and bulk stock and feeder steers, $7.25 @8.50. Big Upswing An active calf market was around $1 higher. The bulk of a lot of 900 veals sold at $13.50 down, best vealers bringing sl4. • The 700 ovines arriving this morning were strong to 50 cents higher. Top fat lambs were $14.50; bulk fat lambs, [email protected]; bulk cull lambs, $8.50@ 11, and bulk fat ewes, ss@7. —Hogs— Receipts. 9,000; market unevenly higher. 90-130 lbs $3.50'59.25 130-160 lbs 9.2559.75 160-200 lbs 9.6045 9.90 200-250 lbs 9.00459.75 250 lbs. up 8.50®9.25 —Cattle— Receipts, 1,200: steers little changed, cows strong to higher. Beef steers $10.25® 12.75 Bulk stock and feeder steers.. 7.25 tie 8.50 Beef cows 5.25® 8.75 Low cutters and cutter cows.. 4.2545) 5.50 —Calves— Receipts, 900; market higher. Best vealers $13.00514.00 Heavy calves [email protected] . —Sheep and Lambs— Receipts, 700; market strong to higher. Too fat lambs $14.50 Bulk fat lambs 13.40®14.50 Bulk cull lambs 8.50®11.00 Fat ewes 5.00 7.00 Other Livestock Bu United Press CHICAGO, July 7.—• Cattle—Receipts, 7.500: beef steers steady to 25c higher: otp heavyweights. $14.35: yearlings held around sl3; she-stock and bulls 25c higher; heavy fed cows. $5®9.75; top heifers. sl2; all cutters, $4.25®5.35; bulls. $6,754/7: vealers steady to 50c higher; generally sl3 @14.50; stockers and feeders steady. Sheep —Receipts, 13,000; fat lambs active, mostly steady with Wednesday, good to choice 73 to 81-pound rangers. $14.75@15, best held slightly higher; bulk natives, $144, 14.25 with light sorts, few best held at sls: culls mostly $10; sheep unchanged, fat ewes. [email protected]; no feeding lambs sold; indications steady: choice feeding lambs around $13.50. late Wednesday; bulk of range killers'. $14.75@15; choice feeding lambs Wednesday, sls® 15.50. Hogs—Receipts. 35.000; market good to choice, all weights 290 pounds and down, 10c higher; heavyweights. $8.54/9.15; mediumweights. [email protected]: lightweights. [email protected]: light lights, [email protected]; packing sows. $6,754/8; slaughter pigs, $8.3569.35. Bu Times Rpecitil LOUISVILLE. July 7.—Hogs—Receipts, 900; market 15c higher; tops, $9.50. Cattle—Receipts. 200; market steady. Calves —Receipts, 300: market 50c higher; good to choice, $lO4/11.50; medium to good, $8.50610; outs, $8 down. Sheep—Receipts. 1.700; market, lambs 25c lower; seconds and sheep steady; mixed lambs. $14.25; ewes and wethers. $14.75; seconds, $9.50; sheep, [email protected]. Bu United Press PITTSBURGH, July 7.—Hogs—Receipts, 1.600; market, mostly 25c higher; 250 to 350 lbs., $94/ 9.75; 200 to 250 lbs.. $9,754/ 10; 160 to 200 lbs.. $10®10.60; 130 to 160 lbs.. $9.756 10.50 ; 90 to 160 lbs.. $9,756! 10.50; packing sows, $767.50. Cattle— Receipts .27; calves. 75; market, cattle steady; calves, $1 higher; beef steers, $10.50 ' @12.75; vealers. $14615. Sheep—Receipts, 1 250; market, steady; top fat lambs, $15.50; bulk cull lambs, $B@Jl. Bu United Press CLEVELAND, July 7.—Hogs—Receipts. 2,000; market, 156:25c higher; 250 to 350 lbs., $8,756)9.50; 200 tq 250 lbs.. $9.50®10160 to 200 lbs., $9.856 10.10; 130 to 160 lbs.. $9*75@10; 90 to 160 lbs., $9.6069.75; packings sows, $7,254/ 7.50. Cattle—Receipts, 325; calves. 200; market, steady to strong; beef steers, $9,254(10; light yearling steers and heifers, $9.506 10; ' beef cows, $56 7.25: low cutter and cutter cow's, [email protected]; vealers. $14615.50. Sheep —Receipts, 300; market, steady; top fat lambs. $14.50; bulk cull lambs, $lO6 11,50; bulk fat ewes, $365.50. Bu United Press EAST BUFFALO, July 7.—Hogs—Receipts, 1.900; holdovers, 1.056; market steady; 250 to 350 lbs., $8.7569.75- 200 to 250 lbs $9.656 10.25; 160 to 200 lbs.. $10.15610.50; 130 to 160 lbs., [email protected] 1° „ 160 lbs.. $10610.35; packing sows’, $7.50@8. Cattle—Receipts, 300; calves, 200; market, steady- calves, steady; vealers, $13.506 14. Sheep—Receipts. 200 market, stady; top fat lambs, $15.50; bulk cull ambs, sll # 12.50; bulk fat ewes. p3.DU%0.50. Bu United Press EAST ST. LOUIS, July 7.—Hoes—Re“*Pts - 1 6 - 000 : holdovers. 1690; market, 15 higher: 200 to 350 ibs., $8.506945$8 0 754/q 2 Qn°- \ h ™ S 9 ™, 160 t 0 200 lbs., tft' 139 to 160 lbs.. $9.7569.90; 90 67 75° lb n% 68 - 75 @ 9 - 60 v Packing sows. $7 f Cattle—Receipts, 3,000; calves, 1,500, market, natice steers, 156 25c higher; beef steers, $9.75® 12; light yearling *64%* a £' hel {f rs . $9,506:10.75; beef cows! $667, low qutter and cutter cows. $46 vjr&lcrs, $13.25(?£13.t0; heavy calves *7'6nff'l'6n : l Ulk st S ck . and feed ® r steers’, $7,504/ 8 50. Sheep—Receipts, 5,000; market stf,ad y to strong; top fat lambs, $14.25; $4.50@5 50 ambS ’ SB ' so; bulk fat ewes. Bit United Press y mJ,2F DO ; J S ly Hogs—Receipts. 1,400; ™rket,: steady to 20c higher; Heavies m ® dlu p- $8.7569.50; Yorkers $9.50610; good pigs, $9.2569.75. Calves Receipts, light; market, strong. Sheep ro?ti lai D b —^ e , cel Pts. high; market, slow! Cattle—Receipts, light; market, slow. a CINCINNATI. July 7.—Hogs—Receipts, holdovers. 2,026; market, steady to }£ c j. 35 °- 350 Ibs - $8.2569.15; 200-250 Jon". J?;15@ 9 .65; 160-200 lbs.. $9.50@9 75-130-160 lbs., $9,504/9.75; 90-160 lbs., s7® 9.25; packing sows. [email protected]. Cattle—Receipts 4o0; calves, 600: market, steady beef steers. $961.1.75; light yearling steers and heifers, $8.75611.25: beef cows. $5.504/> 7; low cutter and cutter cows, $46)5.25vealers. $9.00612.50; bulk stock and feedersteers, sß@9. Sheep—Receipts, 5,000; market. fat lambs. 254/'soc lower; top fat "* i * b, " k AUTO THEFTS ALLEGED i Two men were held in city prison today on vehicle talcing charges.! William R. Bird, 24, of 1745 W. Market St., who was injured seriously in the tornado here in May, was held for Federal authorities on charge of stealing an auto at Gary, Ind. Vern Shelling, 26, of 844 Olney St., was charged' with stealing the racing car of Edward Nevins, 1833 W. Washington St. , He denied the i charge. , . . t rniumt

: THE INDIANAPOLIS TIMES

In the Cotton Market (By Thomson Sc McKinnon) NEW iORK, July 7.—For the last three years we have had one good cropland two big ones. I see another full supply at the door. You can sell some of it now In the contract market. The crop will move early and the trade has a supply alreadv on hand sufficient to take the edge off their demand. The weather risk Is always present, but fortune Is said to favor the brave. ' RECORDWHEAT GROP CHEERING UP MIDDLE WEST Observers See Prosperity in Harvest; Corn Belt in Need of Rain. Bv united Press CHICAGO, July 7.—Through the great “bread basket of the world”— that agricultural area that extends down from the Dakotas to Texas— Reports were current today that farmers will enjoy another season of prosperity through wheat production. Harvesting is going on through the entire area now and indications from many sources were that the crop would be almost as large as that of 1926, despite bad weather early this spring. Overcame Bad Spring The crops in Kansas, Nebraska, Texas, Missouri and Oklahoma will fall slightly under the 1926 volume according-to reports to the United mainly due to early spring floods, but this condition will not prevent a year of prosperity. The Kansas yield now is expected to be about 120,000,000 bushels. J. F. Jones, secretary of the Minnesota Farm Bureau Federation told the United Press that wheat prospects, in his district were even better than in 1926. lowa Needs Rain The outlook through the “corn belt” is not so good, however. From lowa come reports that rain is needed badly in almost every section. In the M#inesota district corn is reported to be very backward with prospects of a poor crop. Through the Southwest farmers claiam they are in need of rain in order to have good corn crops. Although there have been numerour reports of corn borer and black rust west of known areas of infection, most of them cannot be confirmed. REAL ESTATE BOND BUSINESS PICKS UP Outlook Is Encouraging, Says New York Firm Executive. Bu United Press NEW YORK, July 7.—There is a definite promise of prosperity for the real estate bond business in the last half of 1927. according to W. J. Moore, President of the American Bond and Mortagae Company. He said that there was no longe.; fear of a building slump and predicted that building volume would approximate the record of 1926. “The building industry is proceeding on a sound basis,” safd Mr. Moore. “Thorough study of 4he situation will show that the much over-emphasized talk of over-pro-duction is without basic fact. The pessimist is having a hard time in forecasting gloom. There are too many men in business today who have lived too long to be pessimists and, furthermore, the outlook for business is better than it has been in many years.”

Commission Row

PRICE TO RETAILERS FRUITS * Apples—Box apples—Winesaps, $3.50® J-. Barren apples—Ben Davjs, $3.50 Basket apples (40 lbs.), Ben Davis. $l5O New esT s3®3.2 a 5 nSParCntS ’ 40 U ' S “ s3 ® 4: Duch - Apricots—California, 25 lbs., $3,50. Bananas—4@sc lb. Cantaloupes—California standard crates )x>ny crate. [email protected]; flat frates, $1.50 pbf Tries—California, $5.25 (15 lbs ) • Michigan, 16 qts., $3. ’' Gooseberries—H. G„ $2 half bu. Grapefruit—Fancy, $5®5.50. Honeydew melons—s3 crate. Lemons—California. s9® 10. Limes—Californiar $3 per hundred. Stranges —California Valencias crate. Peaches—Georgia Heley Bells, $2.75 bu. Pineapples—Cuban, s4® 4.25. Plums—California. 25 lbs., $3. Raspberries—H. G. red, ii pts., $5; H G. black, 24 pts., $3.50. x. 1 bs Va 65(090c ns — Florlda: average 30 VEGETABLES Asparagus—H. G. fancy white. 35@45c doz.; green. 90c@$l.| Beans—Green, $2.50 hamper. Beets—H. 0., 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. 0.. $1.25 15-lb basket. Mangoes—Louisiana, $2 hamper. Onions—Egyptian yellow, 100 lbs., $5; H G. green, 50c doz. Parsley—H. G., 60c dozen. * Peas—H. G., $2.50 bu. Potatoes—Michigan whites, 150 lbs., $7.50 @8; Virg nia Cobblers. $6 bbl. California Russets. 115 lbs., $7. Radishes—K. G.. long red. or white, 35 <@4sc; hothouse buttons, 40®50c. Rhubarb—H. G„ 35c doz. 3plnach—Texas, $1 bu. Sweet potatoes—Nancy Halls, $1.90 hamper. Tomatoes—H. G. Hothouse, 10 lbs., $1.40 Turnips—s 2 bushel.

In the Sugar Market

(By Thomson Sc McKinnon) , NEW YORK, July 7.—lt is evident that the present low prices in the sugar market represent merely the jockeying for position by contending interests. On the merits of sugar itself, higher prices are in order. One of the most conspicuous authorities in the sugar industry has come out emphatically with the declaration that sugar statistics do not justify present low levels. As for instance, the fact that the receipts from Cuba to June 30 are 345.000 tons less than last year and from other sources 20,000 tons less. Hence we are 365,000 tons behind in our imports thus far. As soon as the seasonal heavy demand for refined makes itself manifest, these maneuvers will be swept aside and both the July and September deliveries will feel the impact. This is the time to buy sugar and not to sell it. Abandonment Asked By United Preux v * WASHINGTON, July 7—The Central Pacific and Southern Pacific today asked the Interstate Commerce Commission for authority to abandon a twenty-mile line > from Weed to Grass Lake,

WHEAT PRICES UP UN CHICAGO TRADEJOARD Corn Follows Lead of Major Cereal, Oats Making Smaller Gains. Bv United Press CHICAGO, July 7.—Prices in corn and wheat advanced in today’s session on the Chicago Board of Trade after a nervous opening with prices both higher and lower. Oats did not change. Wheat quotations showed increases of 1% cents over Wednesday’s close, while corn prices closed up Vi to IVs cents higher. Wheat opened today unchanged to % lower in a quiet and nervous market. Bull trade never became active at any time during the session but the price gained steadily after the first hour in a buying and selling market. Lateness of corn crop continued as an infleunce in the market for bullish prices, and although the opening found the September and December off % and % respectively, the July was up %. Buying soon entered the pit and brought up the price. The increase came in spite of continued excellent weather in the belt. Trade in oats was light and near the close of the session prices were the same as the previous close. Twenty cars were received here, and the cash market was unchanged. Oats closed Vs to 1% higher. Provisions were up slightly with corn and hog prices. Chicago Grain Table —July 7 WHEAT— Prev. High. Low. 12:00 close. July 1.46% mfwvpmfwvpp July 4.46% 1.43% 1.45% 1.44% September .. T. 45 1.42% 1.44% 1.43% December ... 1.47% 1.46 1.47% 1.46% CORN— July 97% .96% .97%*, .95% September ... 106% 1.04% 1.06% i1.05 December ... 1.10% 1.09% 1.10% 4.10% OATS— July 45% .45 .45'4 .45 September .. .46% .46% .46% .46% December ... .49% .48% .48% .48% RYE— July 1.09% 1.08 1.09 1.03 September .. 1.00% .99% 1.00 .99% December ... 1.03% 1.02 1.03% 1.02% LARD— July 12.85 12.85 12.70 September .. 12.87 12.85 12.87 12.85 October ... 12.95 12.95 12 92 RIBS July , 11.80 September 12.00 CHICAGO. July 7.—Primary receipts: Wheat. 1.401,000 against 1.940.000; corn 569.000 against 356.000: oats. 267,000 against 208.000 Shipments—Wheat. 765 000 against 870,000: corn. 337.000 against 437,000; oats, 339.000 against 658.000. Bu jJ'itnrs Special CHICAGO, July 7.—Carlots: Wheat, 208; corn, 133; oats, 10; rye. fi. Bu United Pn ss CHICAGO, July 7.—Wheat—No. 2 hard $1.48. Corn—No. 2 yellow, $1.03%® 1 03%N°. 3, sl.Ol %61.02; No. 4,99 c @1; No'. ri®?& 97c 4, No i 99 ’9sc; No. 3 mixed. sl6 l -00%; No. 4. 94c; No. 5. 93c; No. 6. 92c; No. 4 white, 99c; No. 5. 95696%c- --- 77® 92c. Oats—No. 2 white. 48® 50c; No. 3, 40%® 46%c; No. 4. 41 %® 43%C. Rye — No - 2.41.12' 2, Timothy—s4. 6o® 5.50. Clover— S2(K/ 30. Bit 1 nited Pnss ~^?.L ^ D ,9.'., July 7-—Close: Wheat—No. 2 TnJf a ®l- 45 2 i, Corn—No. 3. $1.03%® No. 2. $1.10%. Oatc—No. 3. 49 y®so%c Clover—Cash Imported, $13.90 October. $16.90; December. $16.85. Timothy—Cash. $250; December. $2.60. AUtke 22®Tc St ’ Ai 4 y-$25 BUUCr ” 4H ' 44C - EsgSCAR DRIVERS WILL BE TRIED FOR TWO DEATHS Charges of Drunk Also Are Filed Against Both. A manslaughter charge against Thomas Parks, 34, Negro, 1213 y. E Twenty-Fifth St., will be heard in municipal court Friday. Parks was driving the auto which killed Mrs. Minnie Hunter. Negro, 1136 E. Fifteenth St., at Sixteenth and Pennsylvania Sts. Parks is charged Vith driving while intoxicated. Lester Brown, 435 >4 No. Noble St., will be tried July 15 on manslaughter and driving while drunk charges. A rented car driven by Brown overturned three weeks ago at Thir-ty-Eighth St. and Keystone Ave., resulting in the death of George R. Head, 528 E. Market St., and serious injuries to three others riding with him. OWNS 25 CATS; JAILED Woman Must Dispose of Felines or Pay Fine. Bu United Press CHICAGO, July 7.—Miss Katherine Finnegan prefers keeping her twenty-five cats, which neighbors complain are a nuisance, and accepting a jail term, to ridding herself of the felines and being free, she told Municipal Judge Schwaba. The judge told her to dispose of the cats within two weeks or pay a fine of S2OO. SEEDS BIRDS BULBS ' POULTRY PLANTS FEED, Etc. Everitt’s 7V"A,.r. p r ß f.'

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

3-ROOM OUTFIT ft 70 cn (Reconditioned L’aed Furniture) Easy Terms LEWIS FURNITURE CO. 844 S. MERIDIAN ST. The United Outlet Store

The Bargain Corner of Indianapolis*' c#r * Washington and Delaware Me.

IDEAL fclifii Furniture BfcSiLliiMggE Company

Births Girl* Joseph and Irma Gilbert, 2641 E. Eighteenth. Joe and Sarah Cohen. 813 Maple. Norman and Mary Wray. 822 Olive. Leonard and Rose Sauers, 1721 Laurel. Rason and Agnes Hazelip, 218 W. Twen-ty-First. Glenn and Josephine Baker. 2418 Northwestern. - - Stanley and Amelia Eppenhelmer, 5772 Parker. Boys Elijah and Florence Wrathers, 1617 Hoefgen. Emery and Mildred Graham, 3520 E. Washington. Estaln and Jennla Slevin, 1511 Glmber. James and Marie Henry. 1912 Wilcox. Y'illiam and Anna Conpiff. 1415 S. Alabama. William and Pearl Patterson, 3253 Washington Blvd. 1 ✓ Deaths Frank A. Wallace, 15, 246 Hampton Dr., meningitis, Martha Anne Morlan, 79, 6030 Lowell, chronic myocarditis. Anna Mary Frohllger, 57, St. Vincent Hospital, uremia. Minnie Florence Ostler. 54, 1431 W Twenty-Second, mitral insufficiency. Marie Katherine Starker, 44, Methodist Hospital, peritonitis. Gessinc Woltmann, 24, 3222 N. Meridian, acute myocarditis. Ruth Eleanor Harper, 1. St. Vincent Hospital. gastco enteritis. Callie Dorris. 48. 450 Leeds, chronic nephritis. Paul Welch, 22, Methodist Hospital, peritonitis. Inlant Armstrong. 2 hours, city hospital, inanition. Mary Elizabeth Paden, 66, 1516 Ewing, apoplexy. Catherine Roberts, 41, 2143 Station, acute myocarditis. Ben Battle, 17, 742 Center, pulmonary tuberculosis. Mildred Bowman Johnson, 27, 809 W. Twelfth, pulmonary tuberculosis Mollie Thomas. 58. 434 Smith, acute nephritis. Marriage Licenses Oscar Jones, 24, Mexico, Mo., manager, and Floe M. Jeffries. 35, of 2625 Park, bookkeeper. Lenn F. Jones. 23, Newark, Ohio, power company employe, and Georgia Reed, 21, of 414 N. Fulton, waitress. Marlon J. Howe, 23. Eagle Grove, lowa, barber, and Marjorie Horton, 23, Eagle Grove, lowa, stenographer. Walter C. Blase, of 723 E. Minnesota, candy maker, and Bernice Matthews, 23, of 1135 Woodlawn, designer. David Jones. 27, Dayton, Ohio, baker, and Mary Buckles, 21, of 4926 Guilford office work. August Phelps, 25, of 1221 E. Le Grande, electrician, and Anna Sauer, 23, of 2222 S. Pennsylvania, clerk. Building Permits Western Oil and Refining Company, station. 3438 W. Washington. $3,000. Western Oil and Refining Company, tank and pump, 3438 W. Washington, S3OO. S. E. Hamilton, dwelling and garage, 1009 N. La Salle, $4,200. Edward Donaldson, garage, 3525 N. Illinois, $250. Baker Bros., reroof, 35-39 S. Highland, S2OO. C. Smith, repair, 1306 Ringgold, Hattie E. Newson, garage, 1907 Fletcher, S2OO. S. W. Coulson, garage, 5302 Burgess, S2OO. Narbert Pitch, dwelling, 243 Hendricks, $2,500. John M. Kashman, furnace. 1314 Lee. S3OO. Elizabeth Rainey, furnace, 1541 N. Gale, $348. Claude H. Faulkner, furnace, 1938 Wilcox. $383. Ella M. Small, furnace, 632 E. North, S2OO. • Lawrence F. Pedego, furnace, 1401 N. Tibbs. $230. _ F. W. Engle, furnace. 2 62 N. State, $213. Emma Lefflngwell, furnace, 854 W. Thirtieth, $405. H. F. Hague, furnace, 1518-20 Montcalm. $325. George H. Brown, furnace, 3818 Park, $2lO. H. J. Dangerfleid, furnace, 870 W. Twen-ty-Sixth. $215. Mary Gale, furnace, 1501 Yandes. $253. O. F. Maun, furnace, 1224 W. New York, $250. A. F. Le Saulnier, addition, 1347 N. Pennsylvania. S2OO. Richard Redd, garage, 2733-40 Columbia, $250. George A. Collier, addition, 1221 Hoyt. $550. Winamac Tribe Red Men. addition, Twenty-Ninth and Clifton, $25,000. Daniel O'Connell, repair, 217 N. State. $274. M. D. Matthews, dwelling, 207 N. Hamilton. $3,000. D. C. Walton, rexoof. 427 Christian. $2Ol. F. J. Pearson, reroof. 5737 Oak, $235. Edward Marrosky, reroof. 1221 N. Keating $250. nlal. $215. H. R. Coughlin, garage. 817 N. CentenJlm Fltzworth, garage, 1181 Bacon, S2OO. Arretta Holler, repair, 1127 Reed PL, $250. TRY TO QUIET PLANES Bureau Begins Work to Reduce Engine, Propeller Noises. Bu United Press WASHINGTON, July 7.—Looking toward comlort in air travel, the commerce department has set the bureau of standards to work to reduce the noise in airplanes. Several sections of the bureau will undertake to quiet engines and propellers, where much of the noise occurs, and to make the cabins sound-proof, according to Dr. H. L. Dryden, chief of the aerodynamics section.

OUTFITTERS TO THE ffHOL'G FAMILY Chain Btore Buying Enables Us to Sell for Leset GLOBE STORES Main store—33o IV. Wash. St. Store No. t— 4so W. Wash. St.

All the Credit You Want at Cash Prices PENNSYLVANIA TIRES Consumers Tire Cos. 301 N. Delaware St.

Martin Bros. Cos. 214 Indiana Ave. Wear White Coats. Pants and Aprons for Service.

They Wear Better!

ONLY 50c A WEEK Wrist KAYJEWELRY CO. 137 West Washington St.

9x12 Congoleum $5.95 Economy Rug Cos. 213 East Washington St.

East Wash-

Orthophonic Victrolas, Kimball Pianos, Atwater Kent Radios, Records and Rolls. Wilson-Stewart Music Cos. 44 N. Penn. St.

DREjSS-UP ON Liberal Credit •THE HUB 1?9 V' W ASHINGTON STREET

POLAND GETS BIG LOAN American Concerns to Lend State Bank $15,000,000. s Warsaw! July 7.—George Fisher, representing the Bankers Trust Company, the Chase Security Company and Blair Sc Cos., It was announced officially, has signed an agreement with representatives of the Polish government for a $15,000,000 loan to the Polish State Rank. The loan was preliminary to a $75,000,000 agreement expected to mature In the autumn. "Discontinuance Petitioned Bu United Press WASHINGTON, July 7.—Thornton & Alexandria Railway today asked the Interstate Commerce Commission for authority to abandon operation of its line extending twenty-five miles from Thornton to Hampton, Ark.

MOTION PICTURES

TED LEWIS (HIMSELF) “The High-Hatted Tragedian of Song” and hi* I MERRY MUSICAL CLOWNS “IS ZAT SO?” with GEORGE O’BRIEN If you don’t laugh, it will be your own fault COMING SUNDAY BERNIE SCHULTZ and his Crescent Orchestra JOHN BARRYMORE “The Beloved Rogue”

JOHN BARRYMORE ‘The Beloved Rogue' im COMING SUNDAY CIRCLE

TODAY, Wiis** FRI.&SAT. Double Feature Frograni FRER HUMES “HANDS OFF" Thrill FlllrN-Puiu-li Parked RANGER The CANINE STAR In “The Outlaw Dog" 10c All Seats 10c

apjm RICHARD DIX “QUICKSANDS" AGNES AYRES xJN "EVE’S LOVE LETTERS,” FOX NEWS. EARL GORDON, APOLLO MERRYMAKERS. The Devil Is Coming!

MADGE BELLAMY W ARNER BAXTER MAY ALLISON LAWRENCE GRAY IN “The Telephone —\ Girl”

INDIANA THEATRE Screen’s Newest Star Dolores Costello in “A MILLION BID” A FIIILIX PRESENTATION “WAY DOWN SOUTH” 25 Broadway Entertainers • A FRANK CAMBRIA I‘RODUCTION

INDIANA SYMPHONIC ORCHESTRA VICTOR HERBERT FAVORITES STOLAREVSKY Conducting A Novelty Presentation “NIGHTINGALE” Sybil Sanderson Fagan Arthur Demlng v AT THE BARTON HAROLD RAMSAV

OPEN DAILY AT 11:00 A. M.

JULY 7, 1927, $

JOHN DREW VERY LOW Doctor Fears Actor May Not Be Able to Rally Again. J Bu United Press SAN FRANCISCO, July 7.—John Drew’s death is expected any time, according to his physician, Dr. Lawrence Hoffman. “He Is very low,” said Dr. Hoffman, “the end may come anytime.” Dr. Hoffman said, however, that It was difficult to make an accurate prediction, as his patient had made several “remarkable recoveries.” The actor has been ill more than a month with a combination of arthritis and rheumatic fever. AMUSEMENTS

1 PALACE

VAi/otviLLC - THE BEST - photoplays

CONTINUOUS 1 TO II P. k Austin Mack’s Century Serenaders ft Ths Musical Manitct' 0 Ruth Budd ,4 Th* Girt with tht SmiUf* Simian Entertainer! With tht CHIMPANZEE BLACKBOTTOM DANCER Other Big Acts PHOTOPLAY “THELAST OUTLAW” GAY COMEDY — ROMANCE

YOO HOO KIDS — FREE DOIN’S Broad Ripple Park Saturday, July 9th TELL "THE GANG" THE GOOD NEWS—LET’S GO. GOOn FOR ONE ADMISSION BOY OR GIRI. AND 2 Free Rides Sat., July 9 —lo a. m. to 5 p, m. Present This Coupon at Gate

THE THEATRE GUILD Present* A Spectacular Dramatization of Longfellow's Indian Poem, “HIAWATHA” (Directed by Victor Hammond) Cast of 100, Including Indianapolis' Best Talent For a Limited Engagement of Evening Performances July 5-6-7-S-9 FAIRVJEW PARK 8:15 P. M. Dance Master Musical Director, Lester Horton. tilno Loredo. Admission, 50c

VAUDEVILLE STARTS 2:00—4: >0—7:00 and 0:20 O’CLOCK ‘HONEYMOON LIMITED’ W'm. Singer and a Notable Cost “HITS J Oliver & Hayden and Gaby DuValle BITS Hickman Bros. of and Company 1927”! Three Orantos “GENERAL” ED LAVINE DAILY PIPE ORGAN RECITAL BY LESTER HUFF. STARTS 12:40 NOON, DOORS OPEN 12:30

MOTION PICTURES

COME WEEK DAYS 11 TO 1 SEE A COMPLETE SHOW 25c All Seats l"t o o All Seats 40c After 6 Bat 400 Others... 60c

Be Luxe Shows Start Today at % 1:10 —3:10 7:10 —9:10'