Indianapolis Times, Volume 39, Number 55, Indianapolis, Marion County, 14 July 1927 — Page 14

PAGE 14

NEW RECORD IN STEEL; GENERAL MOTORSHIGHER Trading Activity Increases With Accumulation of Buying Orders. ?

Average Stock Prices

Average of twenty Industrials Wednesday was 173.19, up .08. Average of twenty rails was 138.54, up 1.35, new high. Average of forty bonds was 96.97. off .04. July 14.—Trading took on more activity under further accumulation of United States Steel common stock, the latter rising to new high ground for the present shares at up a pojnt from the previous close. General Motors also moved ahead, reaching 201. Railroad share* commanded considerable attention; oils were mixed; industrial leaders gained, while several lost ground for special reasons. Confidence was furthered by the behavior of Steel, but some apprehension was felt about the sharp advance of the market which brought the averages for both railroad and industrial shares in the Dow-Jones compilation to new high ground at the close yesterday. Street Impressed Wall Street was impressed by the new record high in Dow-Jones railroad averages at Wednesday’s close, the fifures exceeding the previous top established Jan. 22, 1906. This performance considered particularly significant in that stocks used at present in this average conform in all but four instances to ones employed when the 1906 peak was reached. With both railroad and industrial averages at new record highs, the fupdamental character of the current advance was regarded as confirmed. This belief brought further active demand in standard stocks at the opening day. New Favorites Operations for the rise spread to fresh favorites around noon. General Motors, which has been lagging behind other industrial' leaders, developed pronounced strength based on the expectation of substantial increases in sales figures for June and the six months due Friday. Tobacco shares displayed the greatest activity in many weeks. Purchase by P. Lorillard Company of the Jersey City cigaret plant formerly -used by R. J. Reynolds, which is equipped for immediate use, will add a capacity of 25,000,000 to 30,000,000 cigarets" a day for the production of Lorillard’s new brand, “Old Gold.” Another factory at? Louisville to be ready in the fall will add a further capacity of 25,000,000 to 30,000,000 cigarets.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today 'were $4 035,000; debits, $7,521,000. NEW YORK STATEMENT NE\V ' YORK,' July 14.—Clearings, $949,000,000; balances. $108,000,000. FOREIGN exchange B NEVV 14.—Foreign exchange opened steady* Demand sterling. $4 85Vs, francs, 3.91 Vic; lira 5.43 c. off .00 Uißelga, 13.89 c; marks, 23.72V2C; Czecho. 2.96 c.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK, July 14. —The ring is bearish on cotton and traders from all parts of the country have been taking profits on long cotton for three davs. Tne trade has been the buyer. The c °ti°_ n bolt seems to be the only spot on the globe where the weather is normal. It will have to stay that wav for six weeks to produce a crop in line with what the trade now thinks necessary. STICKS TO HIS FLAGPOLE “Shipwreck” Kelly Bedraggled But Unfurled in Rain. Bu United Press BUFFALO, N. Y., July 14—Bedraggled but unfurled, Alvin (Shipwreck) Kelly rode his flagpole like a paster today through thunder, lightning, wind and rain. He was still protected by a temporary injunction against attempts of unfeeling officials, with no true appreciation of the art of pole perching, to force him down. Supreme Court Justice Pierce, who heard lengthy arguments on the validity of flagpole sitting yesterday, was unable to readh a decision on whether to make the injunction permanent. He ordered attorneys for Kelly and the city to submit briefs today. Meanwhile, Kelly sat tight. BUYS WALL STREET SEAT William Kurt Beckers Pays $218,000 for Privilege. Kn United Press NEW YORK, July 14.—The New York Stock Exchange membership of Gayer G. Dominick today was sold to William Kurt Beckers for $218,000, which was $2,000 below the record price. Harold Tobey’s seat was sold to Arthur J. Vogel for $210,000, equal to the last previous sale. PLEADS RUSSIA’S CAUSE Lloyd George Wants Soviet in Comity of Nations. Bv United t'resa , LONDON, July 14.—Recommendation £hat Russia be brought into the comity of nations as soon as possible was voiced by Lloyd George in an address before 100 representatives at the American Institute of International Affairs, headed by Sherwood Eddy. PINEDO MADE GENERAL Italian Military Honor Conferred on Trans -Atlantic Flier. Bw United Press ROME, July 14.— The decree appointing Francesco De Pinedo, trans-Atlantic flier, a general' of ,the air force on the ground of ex- . ceptioa&l merit has been signed. -

New York Stocks

—Bf Thomson Sc McKinnon -

—July 14— RailrnAild PfCV, At?hl‘on 186% 185% 186 185% Atlantic Cst 1,.. 203 % ... 202 ???,. B & O 120 118% 119 , 119% Can Pacific ~..183'i 183% 183% 183 C & O 183'/4 182 Vi 183% 182% C& N W 89Vi 88% 89 88% C R & P 118 114% 115 115% Del & Hudson..2l6 215% 216 J 4 Del & Lacka ... 165% Erie . 56% 55V. 56% 55% Erie Ist pfd .... 60% ... 60% 60 Oret Nor pfd ... 92% ... 92% 92 Lehigh Valley.... 128% ... 128 128 K C South .... 67% 66% 67 66% L& N ...149% 148% 149V* 148% MK & T 52% 51% 52 51% Mo Pac pfd ....105% 104% 105 104% N Y Central ....153 152% 152% 152% NY NH & H .... 54 ... 53% 53% Nor Pacific 89% 89*1 89% 89% Nor & W 183 ... 186'%, 138 Pere Marq 132 ... 122 131 Pennsv 64% 64% 64% 64 Reading 118% 118% 118% 119% Southern Ry ...129% ... 129% 129% South Pacific ...120% ... 119% 119% St Paul 16'% . . 16% 16 St Paul pfd 31 30% 31 31 St L& 8 W 90% ... 89% 90% St &S P 113% 112% 113 113% Union Pacific ...177% ... - 177% 171% Wabash 75% ... 75 75 Wabash pfd 97% ... 97 97% Rubbers — Ajax 8% Fisk 15% ... 15% 15% Goodrich 54 53% 54 54 Goodyear pfd 114 Kelly-Spgf 24% 23% 24- 24 U S Rubber 42% 42% 42% 42% Equipments— Amer C & F 97Vi ... 97 96% Amer Loco 105 . .. 105 104% Amer Stl Fd .... 47'% ... 47% 47'% Balw Loco 241 239 241 239 Gen Elec 117% 116% Jl7 118 Limsr 62% ... 62% 62% N Y Alrb 45% ... 45% 45 Pres Stl Car .... 61 ... 61 60% Pullman 188 Wsth A B 178 177% 178 177 % Wsth Elec 81% 81% 81% 81% Steels— Bethle 51% 51% 51% 51% Colo Fuel 95% 94% 94% 94% Crucible 89 ... 88% 88 Gulf St Stl .... 50% ... 50% 50% Inland Steel .... 49% ... 49% 50 Phil RC & I 39% 38% 39% 38% Rep Steel 66% 66'% 66% 66% Sl-Shef 117% U S Steel 126% 126 126% 125% Alloy 27% 27% 27 % 27% Vanadium 49% 47% 49 47% Motors— Amer Bosch .... 17% 17% 17% 18 Chandler 19% 18% 19 17% Chrysler 48% 47 48 47% Con Motor 10%, ... 10% 10% Dodge 19% 18% 19 18% Gabriel 50 49 % 49% 49% General Motor . .203 200% 202% 200% Hudson 83% 82% 83‘i 82% n 19% ... 19% 19% Mack 98% 97'A 97% 96% Mar-Par 17 Moon 7% 7% 7% 7% Nash 71 ... 70% 71 Packard 35% ... 35% 35% Peerless . . ... 24 Pierce-Arr 14% ... 14% 14% Studebaker .... 52% 50% 52% 50 Stew War 63% 63% 63% 63 Timken 109 Vi ... 108% 108% Willys-Overland .18 17% 17% 17% White Motors ... 37 ... 36% 36% Mining— Amer Smelt 154% 154% 154% 154 Vi Anaconda 44% 43% 44% 43% Cer De Pas .... 59% 5914 59% Inspiration 14% Int Nick 61% ... 61% 61% Kennec 62% 62 % 62% 62% Tex G & 5u1.... 64% 64% 64% 64 y, U S Smel 35 Oils— At Ref 116% ... 115% 117 Cal Pete 23% ... 23% 23'i Freep Texas .... 69% 69% 69% Houston 167 164 165 167% Indp Oil 19% ... 19% 19% Marland C 32% ... 32% 32% Mid C Pete 29% ... 29% 29% P-A Pete B 54% ... 54% 54% Phil Pete 38% ... 33% 38% Union Oil 42 ... 42 42% Pure Oil 25% ... 25% 25% Royal Dutch 47 ... 47 47% Shell ' 26% ... 26% 27Sinclair 16% ... 16% 16'4 Skelly 26 ... 26 26 Std Oil Cal .... 53% ... 53% 53% Std Oil N J 36% ... 36% 36% Std Oil N Y 30% ... 30% 30% Texas Cos 47 % 46% 47 47 Trans Pete 7% ... 7% 7% White Eagle ... ... 22% Industrials— Adv Rumlev .... 11% 11% 11% 11 Allis Chaim ....107 ... 107 107 Allied Chem ...150% 149 149% 149% Armour A ... ... 9% Amer Can 58% 57% 58% 57% Amer H-L 9% Amer H-L pfd 63% Amer Safety R. 44% ... 44% 45% Amer Wool w.% Central L 14% Coca Cola 117 ... 117 117 Cont Can 71 ... 71 71 Cert Prods 51% 50% 51% 50% Dav Chem ... ... 31 Dupont 243 240% 242 241 Fam Players.... 98 97% 97% 97% Gen Asphalt .... 73% ... 72% 74 Int C Engr 46% 45% 46% 45 Int Paper 47% ... 47 j 47% Int Harv 185% 184 184% 183% May D Sta 70 ... 70 70 Mont Ward 66% 66 Vi 66% 66% Natl I.ead 105% Owen Bottle 77% Radio 57% 57 57% 57% Real Silk 34% ... 34 34 Rem Type 45% 44% 45% 44% Sears-Roeb 60% 60% 60'A 60 % United Drg 172% ... 172 172% Univ Pipe .... 32 ... 32 31% US C I P 241% ... 239 239 U S In A1 .... 84% 82% 83% 82% Woolworth 144% ... 144% 144% Utilities— * Am T & T 166% 165 166% 164% Am Express ....143 ... 143 143 Am W W 90% ... 90Vs 90% Brklyn Man • 59'A Col Gs & E 1... 92% 92% 92% 92% Cons Gas 103 Vi 102% 103% 102’% Interboro • ... 38 No Am Cos .... 47% 4744 47% 47% Peoples G :.140% ... 140% 140% Phila Cos 104% S Gas & El. .. 60% '6o’i 60% 60% West Union ....167 166% 167 166% Shipping— Am In Corp ... 52% 50% 52 50 Am S & C 4% ... 4% 4% Atlantic G 40% 39 40 38 Vi Int M pfd 48 % 48 48% 47 % United Fr 166% 165 Vi 166% 131% Foods— Am Sugar 89% ... 89% 89% A B Sugar 20% Austin N 4f Beech N 57% ... 57 57% Calif Pkg 63 ... & 63% Corn Prods .... 54% 53% 54% 53% Cuba C pfd ... 38% ... 38% 37% Cuba A Sug 23 V 2 Fleischmann ... 58% 58 58 57% Jewel Tea gl% Nat Biscuit 133 ... 132% 133 Postum 104% ... 104 103% W Bk B 25 ... 25 25% Tobaccos— Am Suma 55 Am Tob 137% ... 137% 137 Am T B 137 136% 137 136% Cons Cigars ... 84% 84 84% 84% Gen Cigars ... 68% 67'A 68 67% Liggett 118% ... 18% 119% Lorillard ....... 38'A 37% 38 37% 5 i 136 ••• 136 136% T°b p B 102% 101% 101% 102 U Cig Stor ... 90 ... 90 90 Schulte R S 52% 52 52'A 52%

Produce Markets

Butter (wholesale price) Creamery, best grade, a pound, 43®45c. J Bufterfat—Local dealers, 39®40c. „ _ E ?i gs Yf^in tly j frcsh del ‘vered at Indianapolis, 19@20c dozen. Poultry (buying prices) Hens, large breed, 18@19c; Leghorn hens. 15®17c; old roosters, large, 10® 12c; Leghorns and small, 8® 10c; broilers. 2 lbs., up 25® 26c: 1(4 io 2 lbs., 20c: Leghorns, black and small, 17@20c; turkeys, No. 1 young toms, 20@25c; No. 1 young hens, 20®25c: ° ld 15@2J.: crooked breasted and fat 10@12c; thin End poor. ll@12c; ducks, 12®15c; geese, 8@10c; guineas, 35c. By United Press _NKW YORK, July 14.—Produce: Flour—pull, but steady. Pork—Dull: mess, $33. Lard—Steady. Middlewest—sl3.2o® 13.30 Sugar—Raw, unsettled: 96 test. 4.52 c; refined, firm; granulated, $6.10®6.20. Coffee —Rio No. 7, 14'/a® 14',4c; Santos. 16% ® T „ a , ll ? w ,rr Dull and easy. Special to extra—7%®7%c. Hay—lnactive; No. 1, $1.?0; No. 3, 90c@$l. Clover—sl®4.lo. Dressed poultry—Steady; turkeys, 25®46c; 20®35c; capons, 30®46c: fowls, 13@28c; ducks, 18W22c; Long Islands, ducks, 2?® 24c. Live poultry—Steady; gee3e, 10®12c: ducks. 12®24c; fowls, 26® 30c; 25®30c; roosters, 17c; broilers. 20®35c. Cheese—Quiet: State milk common to special. 27®28c; Young AmerisS’n.o 4 ® 24 ' /;!C - Butter—Firmer; receipts, 19.048; creamerys, extras. 42%®42Vic; special market, 42%®43 1 / 2 c. Eggs—Quietreceipts, 25,861; nearley white fancy, 38<& 40c: nearby State white. 27@37c; fresh white firsts, 24!i®25c; Pacific coast first to extras. 28®37c; western whites. 26® 30c; nearby browns, 29'/ 3 @35c. Potatoes —Long Island, $3.75®4.50; southern, $1.50 @4.50. Sweet potatoes—Jersey basket. $1 ®2.25; Southern barrels, $2.50@3. Bu United Press CLEVELAND. July 14.—Produce: Butter, extras in tub lots, 43>/2@45%c; firsts. 40% ®4lc; seconds. 38@39c; packing stock, 28c. Eggs—Extras, 29c; extra firsts, 27c; firsts, 24%c; orfdinary, 22c. Poultry—Fowls, 27 @2Bc; Leghorn fowls, 22®23c. heavy broilers, 34@36c; Leghorn broilers, 24® 26c; cocks, 17®18; ducks. 20®22c. Potatoes— Virginia barrels, $4.25. Bu United Press ' CHICAGO, July 14.—Butter—Receipts, 12.779; creamery. 39®39'/ 2 c: standards, 40%c; firsts, 37'/2®3Bc; seconds. 34®36'/2c; extras, 40%c. Eggs—Receipts, 14,750; ordinaries. 21@22c; firsts, 23®23%c; seconds, 20®20',ic: extras, 24®24V<c. CheeseTwins, 22’4®22%c; Americas, 23c. Poultry —Receipts 3 cars: fowls, heavy, 23''2C; springs. 29c: ducks. 17@20c; geese. 13® 19c; turks, 20c; roosters, 15%c; broilers, 25c. Potatoes—Receipts: Arrivals, 80; on track, 131; In transit, 976. Kansas and Missouri sacked Irish cobblers. No. 1 and partly grade?!, 12.1552.30; Sweets, s2@

GAINS MADE IN PORKER PRICES; LIGHTS ACTIVE Cattle and Lambs Display Weakness Calves Little Changed.

—Hog Prices Range— July Bulk. Tod. Receipts. 7. 9.00 09.85 9.90 9.000 8. 9.0009.90 9.90 9.000 9. [email protected] 10.10 s 5.500 11. 9.35© 10.00 10.10 4,500 12. 9.35© 10.00 10.10 9,000 13. 9.60© 10.40 10.40 8.000 14. 9.60© 10.60 10.60 '" 8,000 Hog prices at the Union Stoqkyards continued to show strength today. Lights were more active than other sorts, the market being steady to 10 cents higher. This condition compared favorably with the Chicago market, which was 10 to 15 cents higher, with nothing bringing above $10.40. The new top on the Indianapolis market was $10.65, the bulk selling at $9.65@ 10.60. Estimated receipts were 8,000 and holdovers were 751. Hog Price Range For porkers weighing 160-200 pounds $10.35@ 10.65 was paid; 200225 pounds, slo@ 10.35; 225-250 pounds, $9.65@10; 250-300 pounds, $9.25 @9.65, and 300 pounds up, $8.75 @9.25. Pigs went at $9.50 down and packing sows at [email protected]. With offerings amounting to about 800 beeves, the cattle market was steady to lower. Beef steers sold at $9.50@ 12.65; beef cows, $6.25 @8.75; low cutters and cutter cows. [email protected], and bulk stock and feeder steers, [email protected]. Around SteadyLittle change was made in calf prices. Some best vealers brought sls, the other material $14.50 down. Receipts were 700. Lambs declined 50 cenfs. Top fat lambs were sl4; bulk fat lambs, $13@14, and bulk cull lambs, $8.50 @10.50. Bulk fat ewes were listed at $5 @7. The run amounted to 1,000 head. —Hogs— Receipts. 8,000; market, steady to higher. 90-130 lbs $8.50© 9.50 130-160 lbs 9.50© 10.40 160-200 lbs 10.75W10.65 200-250 lbs 9.60® 10.35 250 lbs. up 8.75® 9.65 ’ ' -CattleReceipts. 800; market steady to lower. Beef steers $ 9.50® 12.65 Bulk stock and feeder steers.. 7.25® 8.50 Beef cows 6 ?5® 8.75 Low cutters and cutter cows.. 4.25® 5.50 —Calve*— Receipts, 700; market, steady. Best vealers $14.00® 15.00 Heavy calves 6.0009.00 —Sheen and Lambs— Receipts. 1,000: lambs lower. Top fat lambs 514.00 Bulk fat lambs 13.00© 14.00 Bulk cul lambs 8.50© 10.50 Fat *wes s'. 5.00 7.00 Other Livestock /?;/ United Press CHICAGO. July 14.—Cattle—Receipts. 10.000: fed steers and yearlings, slow, steady; she stock and bulls steady to 15c lower, vpalers steady; weighty steers scarce but inactive, demand broadest on yearlings and medium weight stock; bulk medium weight steers, 1 Sr 4, some heavies above that. lor vearlings held around. $13.75; most fed steers. $11.50© 13.50; cutter cows steady, grassy cows valued to sell at s6® 7. showing weakness: top medium bulls, $7.25, odd lots $7.40® 7.50: Most vealers. $13.50014.50, few sls. Sheep—Receipts. 9.000; fat lambs active, steady with Wediesday’s prices, range lambs 25c lower, bulk good native lambs. $13.75© 14. lightly sorted; few selected kinds higher; culls. $9.50©10; eight doubles choice 81-pound Idaho lambs sorted 30 per cent at $14.60. best to city butchers at $15.70; sheep steady, fat ewes. s6©7: no feeding lambs sold, indications about, steadv. around $13.50 for bulk, late Wednesday feeding lambs sold strong to 25r, higher than Tuesday, bulk $13.50, choice Idahos, $13.75, top fat ewes. $7. Hogs—Receipts, 30,000; market, unevenly 10© 25c higher; heavyweights, $8.70© 9.60: medlumwe'ghts, $9.40 ©10.35; lightweights. $9.60©.10.40; light lights. $9.25© 10.25; ppcfemg sows. $7.50© 8.50; slaughter pigs, $8.8509.75. "Tit/ Times Special . A9UI8 VILLE, July 14.—Hogs—Receipts, 1,000; market, 25c higher: tops. $10.25 Cattle—Receipts, 100; market steady. Calves—Receipts, 300; market, steady; good to choice. sll® 12.50; medium to good, $5.50® 11; outs, $9 down. Sheet*—Receipts, 2.300; market 50c lower. Sheep—Steady mixed lambs. sl3: ewes and wethers. sl3 50 : seepnds, $8.50; sheep. $3.5005.50. Bv United. Press , PITTSBURGH. July 14.—Hogs—Receipts, 1,500: market fairly active, steadv to 25c P:, c 25 ?; 3 , 50 lbs " $9.25© 9.75: 200-250 lbs., $9-15© 10.60; 160-200 lbs., $10.60011; 130}6O. lbs.. $10.25f 10.50: 90-160 lbs.,' $10,250 10 50; packing sows, $707.50. Cattle—Receipts. none; calves. 100; market steadv: beef steers, $10.50012.75; vealers. sls® 15.50, choice. Sheep—Receipts, 300; market. weak and lower; top fat iambs, sls; bulk cull lambs, sß@ll. Bit Vnited Press „ CLEVELAND July 14.—Hogs—Receipts, 2 500- market steady to 10c higher; 250-350 lbs., [email protected]: 200-250 lbs., $9.760 10.75-160-20° lbs $10.75; 130-160 lbs., $10.50® 10.75; 90-160 lbs., $10.50; packing sows $7 5007.75. Cattle-Receipts. 150; calve! 500; market slow, steady to weak; beef steers. $8.75©>10; beef cows. $5.25©7.50low cutter ff A cutter cows. $3.7504.75vealers. 513./J® 16.50. Sheep Receipts 400- market steady; top fat lambs, sls; cull iambs, $10011.50; bulk fat ewes $3.5005.50. Bv United Press EAST BUFFALO. July 14.—Hogs Receipts. 1,200; holdovers, 1,225; market, 15©j 25c higher: 250-350 lbs.. $8.9009.90; 200?50 lbs., [email protected]; 160-200 lbs.. $10.65® 10.90; 130-160 lbs„ $10.60© 10.75; 90-160 lbs., $10.60® 10.75; packing sows. $7.50©>8 Cattle—Receipts, 300; calves. 500; market steady, calves 50c lower; vealers, sls® 15.50. Sheep—Receipts. 400; market 50c lower; bulk cull lambs, $11012; bulk fat ewes. $4.50@7. Bu United Press EA3T ST. LOUIS. July 14.—Hogs Receipts 12,500; holdovers, 283; market, 15© 25c higher; 250-350 lbs., $8.90©10; 200-250 lbs., [email protected]; 160-200 lbs., $10.25© 10.60; 130-160 lbs.. $9.75010.60 ; 90-160 lbs., $9010.25; packing sows, $7.50 0 8.15. Cat-tle-Receipts. 2,500: calves. 1,500; market, tfve steers steady; beef steers, $8.75© light yearling steers and heifers. $8.50® 10.25; beef cows, [email protected]; low cutter and cutter cows, $4.2505.50; vealers. * 14 .25: heavy calves. $7.60 0 8.50; bulk stock apd feeder steers $7.25 08.50. Sheep—Receipts- 3 500; market steady; top fat lambs. $13.25; bulk cull lambs, $8.50; bulk fat ewes, $4.50 05.50. Bv United Press TOLEDO, July 14.—Hogs—Receipts. 900; market, 15 0 25c higher; heavies, $8.75® 9.25; medium, $9.50010; Yorkers, $10.25® 10.50; good pigs, $10010.50. Calves—Receipts. light; market, strong. Sheep and lamb—Receipts, light; market, steady. Cattle—/Receipts, light; market, strong. Bit United Press , ono NC i N £i Arl, 14 - —Hogs—Receipts, 3,200; holdovers 633; market, mostly 25c higher; 290 to 350 lbs., $8.75© 9.10; 200 to 250 lbs., $9.850 10.60; 160 to 200 lbs., $10.35 }° 160 *bs-. $10.45010.60; 90 I*o 37 ®l°-50; packing sows, $6.75 @7.75. Cattle—Receipts, 650; calves, 800market, steady; beef steers. $10012.45 : “kht yearling steers and heifers, $8.75® 12; beef cows. $5.75 0 7.75; low cutter and cutter cows, $4.250 5.50; vealers. sllOl4 bulk stock and feeder steers, sß©9. Sheep —Receipts, 3.? -0: market, lambs 50c loweris? •* SSETS RAIL VALUATION Chicago and Western Indiana Figure Is $24,255,000. Bv United Press ' WASHINGTON, July 14.—Th.e Interstate Commerce Commission today set a tentative valuation of s3g - 255,000 on properties of the Chicago & Western Indiana Railroad as of June 30, 1918.

Local Wagon Wheat

Local grain elevators are paying $1.24 for No. 2 red wheat. Other grades are purchased on 'their merits.

THE INDIANAPOLIS TIMES

MANAGER GROUP OPENS DRIVE League Campaign Is Started for 100,000 Members. The Indianapolis City Manager League campaign for 100,000 members was opened formally today by 1,500 volunteeer workers. The drive to enlist all citizens interested in economical non-partisan municipal government was begun following the rally of workers Wednesday night at the Hoosier Athletic Club. Membership Chairman John W. Esterline outlined the plans for the drive and distributed membership blanks. A conscientious house-to-house campaign will be conducted in all narts of the city. Charles F. Coffin, executive chairman, announced that Superior Judge W. O. Dunlavy had set next Tuesday to hear arguments on the friendly suit to determine when the election of commissioner shall be held under *the city manager plan adopted June 21. The decision will determine whether the election is held this fall or in 1929. “We must stand together until a high grade manager is selected and demonstrates what good government is like. If you get 125,000 members it will tame the politicians,” said Esterline. * UNITED STATES TRADE BALANCE FAVORABLE Report of Commerce Department Shows Improvement Over Year Ago. Bit /United Press WASHINGTON. July 14.—United States exports in the first six months of 1927 exceeded imports by $240,758,000, the Commerce Department announced today. Exports were valued at $2,368,734,000 and imports at $2,127,976,000. This favorable balance of trade compares with a $95,186,000 unfavorable balance for the first six months of last year. Exports for June were valued at $359,000,000 and imports at exactly the same figure. This was the lowof the year for exports with the exception of February, while in imports March and April exceeded the June figures. For the fiscal year, just ended, the compilation showed a favorable trade balance of more than $700,000/100, exports being $4,970,541,000, and imports $4,256,825,000.

Commission Row

PRICE TO RETAILERS FRUITS Apples—Box apples Wineszp. $3 50® $3.75. Barrel apples—Ben Davis, 53.50. Basket apples (40 Ids.i, Ben Davis, $1.50. Hew apples—Transpa'-ents 40 lbs.. s3®4; ! Duchess. s3© 3.25. Apricots—California, $2 crate. Bananas —40:5c lb. Cantaloupe—California, Jumbo crates, $3.25© 3.50: standard crates. $3.25: flat cr.:tes, $1.50. Dherries—California, $5.25 115 lbs.); Michigan. 18 gts., $3. Honeydcw Melons—s2.2s crate. Lemons —California. s9® 10. Limes—California, $3 per hundred. Oranges—California Valencias, crate. $4 © 7.50. Peaches —Georgia Eibertas. $3 bu. Pineapples—Cuban. s3© 3.50. Plums—California, $2.23© 2.53 crate. Raspberries—Black. 21 nts.. $3.2503.50; red. $4.500 5. Watermelons —Georgia, average 30 lbs., 65@85c. VEGETABLES Beans —Green, $2.7503.25. Beets—H. Q., 35c dor. Cabbage—H. G.. $2 bbl. Carrots—H. G., 40c doz.; bulk, $2 bu. Cauliflower—Crate. $2.25. Celery—Michigan. Highball. $1.75 crate; 65c bunch. Corn—Louisiana, 45c doz. Cucumbers—Hothouse, $1.25 do*. Garlic—California, 20c lb. Kale—H. G., 85c bu. Lettuce —California head. $6 crate: H. G. leaf, 15 lbs.. $1.25. Mangoes—Louisiana, $2.5C hamper. Onions—Yellow. 100 los.. $3.50: Spanish. $2.5002.75 crate: H. G. green, 45c doz. Parsley—H G.. 50c dozen. Peas—H. G., $2.75 bu. Potatoes—Virginia Cobblers, $5 bbl. Radishes—H. G., white,' 30®40c; red. 30 ®40o: H. G. buttons, 50 0 60c dozen. Rhubarb—H. G., 35c dozen. Sweet Potatoes—Nancy Halls. $1.75 a , hamper; new Alabamas, s2.so.hamper. Spinach—H. G.. $1.25 bu. Tomatoes—H. G. hothouse, 10 lbs., $2.40. Turnips—H. G.. $1.50 bu. JILTED; TAKES OWN LIFE “Elastic Skin Boy” Couldn’t Live Without “Tattooed Lady.” Bv United Press BATTLE CREEK, Mich., July 14. —A shattered romance with the tattooed woman was blamed foi the suicide of Clarence H. Alexander, 43, appearing as “Joe, the Elastic Skin Boy,” in a side show with tne Ringling Brothers and Barnum and Bailey Circus. While a crowd stood around his platform last night, Alexander raised a bottle of poison to his lips and drained it. Horified men, women anti children, screamed and many women fainted. Alexander/died en route to a hospital. The performer was jilted several days ago by the tattooed woman and he had been brooding about it for several days, Frank A. Cook, general manager of ,the circus, said. officeFfaces charge Sequel to Fatal Shooting in Raid at Connersville. Bv Times Special CONNERSVILLE, Ind.,-July 14. Edman L. Joqcs, \ city patrolman, stands accused of manslaughter today. r • Filing of the charge against the policeman is a sequel to the death of Bennie Lucas, 23, fatally wounded Sunday when police raided an alleged gambling house. Henry Lucas, father of the dead man. obtained the warrant for Jones. VISITORS DENIED ‘TIGER’ Bu United Press PARIS, July 14.—Although visitors still are forbidden to see Georges Clemenceau, his condition continues to improve. Trade Official Is Named Bu United Press WASHINGTON, July 14.—Granvllle O. Woodard, La Crosse, Wis., former army aviator and recently American vice counsul at Tientsin, today was appointed assistant trade [commissioner of the commerce de- < at Shanghai, *

RISE IN WHEAT. FRACTION OF 1 CENT,SURPRISE Improvement Comes With Unexpected Change at Liverpool. Bu United Press CHICAGO, July 14.—Impelled by a higher unexpected Liverpool opening, wheat prices opened % to %c higher than previous \:lose here today. Opening prices were unchanged to %c lower, continuing the erratic trend of recent days and oats were unchanged to %c off. Local conditions gave a little incentive for buying wheat just now, with Nebraska harvesting one of the largest crops of winter wheat in its history and large crops in Kansas and Missouri. The spring wheat belt is enjoying favorable weather and the u rust scare has rot been revived as yet. Upon the spring wheat crop will depend the trend of prices for the next few weeks. Weather conditions continued favorable in the corn belt, and the uncertain market of recent days is expected to continue for the present at least. The cash corn situation showed improvement. The oats trade was provided with some individual news of a rather bullish character, when it was reported that continued hot weather is interfering with proper filling of the backward crop. However, this pit continued to follow corn prices. Provisions opened unchanged. Chicago Grain Table . —July 14— WHEAT— p r ev. Open. High. Low. Close, close. July.. 1.43% 1.43% 1.41% 1.42% 1.43 Sept.. 1.41% 1.41% 139% 1.40% 141% Dec.. 1.44% 1.44% 1.42% 1.43% 1.44% CORN— July.. 1.00 1.00% .99% .99% 100% Sept. 1.06*8 1.06% 1.05 1.05% 1.06% Dec... 1.10% 1.10% 1.08% . 1.08% 1.10% OATS— ' July.. .45% .45% .45% .45% .45% Sept.. .48% .46% .45% ..45% .48% Dec... .49% .49% .48% .48% .49% LARDJuly 12.85 12.85 12.82 12.85 12.35 Sept 12.97 13.02 12 92 12.95 12.97 Jan.. 13.27 13.27 13.20 13.20 13.23 RIBS—JIRYEI23O 12 30 12 30 12 30 12 30 July.. 1.08 1.08% 1.06% 106% 1.08% Sept. .98 Vi .98% .95% .964* .98 Dec... 1.00% 1.00% .98% .99% 1.00% Bv Times Special CHICAGO. July 14.—Carlots: Wheat, 110; corn, 74; oats. 27; rye, 3. Bv Times Special CHICAGO. July 14. Primary receipts— Wheat, 1,363.000 against 2.173,000; corn. 514.000 against 493.000: oats, 197.000 against 311.000. Shipments—Wheat. 875,000 against 756,000: corn. 536.000 against 474,000; oats. 275,000 against 359,000. Bit United Press CHICAGO. July 14.—Cash grain: Wheat —No. 3 hard. $1.43. Corn—No. 2 yellow, $1.04%© 1.05 No. 3 yellow.. $1.03 01.03%; No. 4 yellow, $1.01%© 1.02; No. 5 yellow. $1.01; No. 6 yellow. 93©98%c: No 5 mixed. 99c; No 6 mixed, 98%c; No 2 white. $104%c; No 4 white. 99c©5102: No. 5 white. 99c; No. 6 white, 98%c; sample grade. 83 0 97c. Oats—No. 2 white, 49V. c; No. 3 white, 44%© 47%c: No. 4 white. 41%© 44 %c. Barley—7o© 80r. Rve—No. 2. $1.10%. Timothy—s4.so© 5. Clover--S2O € 30. Bv United Press TOLEDO. July 14.—Close: Wheat—No. 2. $1.4001.41. Corn—No. 3, 51.0701.08, Rye—No. 2. SI.OB. Oats—No. 3, 49 0 50c. Clover—Cash, imported. $13.90; October. $16.75; December. $16.65, Timothy—Cash, $2.45; December. $2.45. Alsike— August. $13.50; December. $13.50. Butter—42o4sc. Eggs—22© 24c. Hay—s2s.

In the Sugar Market

ißy Thomson & McKinnon) NEW YORK. July 14.—Free ofiertngs of raw sugar on the spot have had the effect or checking speculation Interest In the market for futures In consequence of which price movements have been without special significance and have consisted largely of switching operations and technical adjustments. More business is being done in refined but operations are still below normal. The market may delay its response to actual supply and demand conditions but only temporarily. The long side still offers the best possibilities for profit. RAIDERS ARREST SEVEN AND CONFISCATE BOOZE Large Still and Quantity of Liquor Taken by Agents. ' Raids which netted seven prisoners, a large still and a quantity of whisky were made by prohibition agents under the direction of Deputy Director Deorge L. Winkler in Wayne county Wednesday. When agents swooped down on the Fox farm, two and a half miles north of Hagerstown, they confiscated a sixty-five-gallon still in operation, thirteen gallons of whisky, fifty gallons of mash and eleven barrels, and arrested William Bryan, of Cambridge City, and Elvin Cross, farmer. Mr. and Mrs. Washaw Hotetchek, of 188 Southwest G St., Richmond, were held when agents found three and cne-half pints of whisky in a phonograph and a gallon jug of whisky on a back porch. Robert Rhodus. Hagerstown, A. B. Esteridge and William E. Goodson, farmers, were arrested on the stregnth of previous “buys.” The raids were conducted by Harry L. Bendell, assistant to Winkler; Agents Roy Hollopeter, A. M. Kinder, Sheri ffLong, Police Chief Everson. Police Officer Graham and Prosecuting Attorney Haworth^ MISS DORAN FLIES WEST Leaves Chicago on Way to Coast for Honolulu Race. Bu United Press CHICAGO, July 14. Mildred Doran and her pilot, Auggie Pedlar left Lindbergh field today for Tulsa, Okla., on their way to San Francisco where they will compete in the air race to Honolulu which is to start August 11. The take-off was made easily and the coußle expected perfect flying conditions. HORNBROOK DECLINES Attorney Refuses to Sit as Judge in Garrett Case. Henry H. Hornbrook, local attorney. today notified Judge James A. Collins he cannot serve as special Judge in the case against Earl S. Garrett, former city market master, charged in Criminal Court with official misconduct and false pretense. Judge Collins announced he will select three attorneys Saturday, one of whom will be elected by the StAte and defense to sit as special Ju^ge,

Honor Quentin Roosevelt on Anniversary of Death

ir KJ T r ~.

Quentin Roosevelt's isolated grave at Chamery. France, is shown hi

Flowers Cover Mound Near Little French Village Where Flier Died. Bv XKA Service PARIS, July 14.—A simple, lonely grave overlooking a wheat field at the little village of Chamery. northeast of Chateau Thierry, was blanketed with fresh flowers today in memory of Lieutenant Quentin Roosevelt. It was nine years ago today that young Roosevelt, American World War flier, was shot down and killed. His body still rests where German airmen buried it. The enemy announced Roosevelt’s death by dropping a note within the allied lines. No road has been built to the grave, but hardly a day passes that American visitors do not trudge across the fields to stand beside it, out of respect for the boy and the proud name he bore. At the Methodist Memorial In Chateau Thierry, not far away, may be seen today parts of the plane in which Roosevelt fell. In the village of Chamery is a memorial fountain carrying the youth's name and a quoattion from his father: “Only those are fit to live who are not afraid to die.”

Births Girls Ira and Rose Barnhart. 1446 8. East sklfred and Elizabeth Franklin. 3644 i Stanton. Peter and Nellie Sertell, Methodist Hospital. , _ Harry and Vera renda. Methodist Hospital. Albert and Luella McClure. 2242 Brookside William and Hazel Ralston, 833 Buchanan. Irelanad and Grace Brown Christian Hospital. Jhn and Ida Dora. Christian Hospital. Clarence and Jessie Peters. 1310 Olney. Alpha and Fannie Romlne, 2201 Fcwiwey. Russell and Sophie Corev. 18 N. Llnwood. Harrison and Grace Pfeifer. 336 Whittier Place. George and Marie Gibson. 1144 E. Seventeenth. Walter and Corenna Acfcims. Churchman Bve. David and Marguerite Morgan, 606 Beecher. Edward and Ernestine Stralne. 939 N. Drexel, Frank and Bessie Archer, 1560 Naomi. Boys Charles and Lela Miller, Methodist Hospital. Beniamin and Hazel Bowlei, Methodist Hospital -William and Clarabell Hooper, Methodist Hospital Ralph and Margaret Bland, 37 E. Eleventh. Gilbert and Ruth Bentley. 2304 Bellefontaine. ; William and Mary Bordenkecher. 3815 E. Sixteenth Robert snd Elizabeth Lavanchv. Christian Hospital. Charles and Ruth Barnes. 1314 Cruft. Floyd and Chloe Poonevt 3741 Graceland, Kenneth and Mary Stepleton. 339 Lesley. James and Naseebey Tlaboush, 2627 English. Deaths Anna White, 50. 235 N. Tuxedo, cerebral hemorrhage. Abba King. 68. Methodist Hospital, cirrhosis of liver. Vernon Mantes, 1 hour, 815 E. Tenth, premature birth. Walter P. Hanna. 71. 2539 N. Alabama, chronic lnterstittial nephritis. I CISTn H. Walters. 47, 121 N. Gladstone, carcinoma. James William Todd. 56, 651 E. Twelfth, carcinoma. Charles N. Bayer, 10. Methodist Hospital, meningitis. Lester Leon Linton. 17, Riley Hospital, rabies. Elizabeth Ferneding, 45, 1562 S. Delaware, chronic nephritis. Carl F. Shoemaker. 20. 326 Leeds, carcinoma. Mary M. Fa-ran, 57. Christian Hospital, intestinal obstruction. Milton A. Phillips, 77. 834 Eugene, cerebral hemorrhage. Hezeklah S. Trueblood, 92, 839 N. Tacoma. chronic myocarditis. Charles Rodeba'ugh. 73. 2305 N. Talbott, cerebral hemorrhage. Cora Alice Barnhart, 67, 1615 Mills, arteriosclerosis. Stella Morean Crull, 68, Methodist Hospital, acute dilatation of heart. Payton Stanton. 28. city hospital, aclte dilatation of heart. , Anna Eliza Jones. 74. 843 Edgemont, nypostatic pneumonia. william Strieker, 28. 2929 Hoyt, pulmonary tuberculosis. Clarence Robert Rodenberg, 5 months, city hospital, broncho pneumonia. Elmer Wellman. 32, St. Vincent Hospital, accidental. Loretta Boggs, 54, Methodist Hospital, pericarditis. Lillie Ann Wilkinson, 60. 939 N. Ewing, chronic myocarditis. Daniel Geran. 65, 239 N. Walcott, arteriosclerosis. Lester Parker. 36. Christian Hospital, acute cardiac dilatation. William Francis McAnay, S. 1126 Bradbury, accidental. Building Permits Lawrenc? Cameron, dwelling, 1136 W. Thirty-Fifth. $12,000. Mary Myers, furnace, 1051-53 S. Randolph. $370. O. P. Jones, repair. 805 N. Denny, SSOO. George W. Oglesby, furnace, 519 Minerva, $330. Mrs. Henry W. Paine, reroof, 1107 E. Market, S2OO. M. A. Wingenroth, furnace. 1851 E. Thir-ty-Eighth. $125. James F. Walker, furnace, 136-38 Johnson. $350. William H. Lowe, furnace. 6152 Primrose, $275. J. W. Huntington, furnace, 5850 N, New Jersey. $325. , Roy C. Harvey, furnace. 6201 Ashland. $350. Herman Wlnterhoff. dwelling and garage, 5850 Carrollton, $15,000. Ralph Oregory. dwelling and garage. 2754 Columbia. $2,500. General Outdoor Advertising Company, billboard. 1934 Martlndale, $375. General Outdoor Advertising Company, billboard, Capitol and South. $225. T. W. Kercheval. reroof. 2343 Martindale, S6OO. Mrs. A. B. Frost, repair, 249 N. Keystone, S4OO. y Charles Walker, reroof. 5507 E. Washington, $250. Earl Dowden. garage, 1868 8. Pleasant Run Parkway. $255. Standard Paper Company, alterations, 54 Kentucky. SI,OOO. F. B. Kellogg, steam plant. 5349 Washington Blvd.. S9OO. F B. Kellogg, steam plant, 5246 Washington Blvd.. >I,OOO. Paul Schultz, reroof, 3119 Ruckle. $l9O. L C. Ra\ reroof, 606 Congress S2OO. Maud Smith, furnace, 615 E. Michigan. $224. Ellis Crane, furnace. 3532 N. Delaware, S2OO. Summens Foundry Company, foundry. 1006 S. Holmes, $2,200. 1 O. Elchhorn_ reroof. 1537 Leonard. $229. Jungclaus Construction Company, reroof, 963 Coe, $259 O. A. Seward, reroof. 3043 College, $397. <a Aj J- King, floor. 866 W. Twenty-Sixth. Tschaegle. garage, 1154 Spruce, Charles H. Hart dwelling and garage, 1740 N. Rural. $3,000. Amelia FlnehoTit, alterations. 1310 E. New York. SBOO. Mamie M. Hardester, garage. 836 Athen, SSOO Sinclair Refining Company, tack and pump. 642 E. Ohio. S3OO. John Wayne, dormer. 784 W. TwsutyFifth, tail. Mamie M. Hardester. dwelling and garage > . ..

MODERN GOVERNMENT MACHINERY IS URGED Public Office Should Not Be Museum, Says Lieber. Bp Times Special ATTICA, Ind., July 14.—Modernization of all governmental departments was urged by State Conservation Director Richard Lieber in an address Wednesday night before the Kiwanis Club here. “The time is long past when State administrations could be run by a semi-detached group of statutory officers.’’ Lieber declared. “Any demand for the return to this primitively bucolic life and its methods in our intricately complex mode of life is anything from spacial sentiment to self-seeking demagogery. “Instead of listening to irresponsible clamor of the designing or unthinking, thoughtful citizens should lend their much needed help to modernzing governmental machinery. Public office should not resemble an historic museum, but reflect the spirit of its own day.” AMUSEMENTS

g^PALACEBO VAuotvin.* - THE BEST - photoplays |

CONTINUOUS 1 to 11 T. M. “LOVE MAKES 'EM WILD” It took a girl to put him wise to himself—AND HOW! VAUDEVILLE HICKEY, MASSART and Company In “n.ANCKJOOLKRY” OTHER BIG ACTS

325Z&9 VAUDEVILLE STARTS 2:00—4:20—7:00 and 9:20 O’CLOCK “MEET THE NAVY” With Lowell B. Drew

LANCASTER AND LEENING HOLLY & LEE EL. CLEVE DAY & DAVIS

ALDRICH’S IMPERIAL HAWAIIAN SINGERS

6 —DAUNTON SHAWS —6 WILL ROGERS "IN PARIS"

J DAILY PIPE ORGAN RECITAL i BY LESTER HUFF, STARTS | 12:40 NOON. DOORS OPEN 12:;’,0.

GMiUTSSf! I Stuart Walker Company S I AS | 80WJCE.L 4 i ’m ■< ADVENTURE 11 J MWj $ passion ; 11 iJrmi -: J® VIVIAN TOBIN Important to Clubs and Societies! Hold a Theater Party at Kelth’a and Raise Money for Your Club Fund July 10 St. Aynes Academy Nlht July 20....De1ta Delta Delta Night AUGUST DATES NOW AVAILABLE

QIENOLISH’S) JfQuL JEAN OLIVER MILTON BYRON Orlental-Amrrlcan Drama “HIS CHINESE WIFE” Nltes, 8:15. Mats.. Wed.. Thurs. Sat., 2:15. week | Robert St. Clalr’i New Mytery Comedy 17TH I 7 ? ? 7 7 7 l

MOTION PICTURES

OPEN WEF. K DAYS AT 11:00 A. M.

SAM HARDY and LOIS WILSON In “BROADWAY NIGHTS” An Orrheetral Production GOUNDOD’S “FAUST” INDIANA ORCHESTRA STOLAREVSKT MILANO TRIO

Week Day* v„r°2sr. All Seats

DE LUXE SHOWS TODAY, liOO—3:05—7:00—9:0#

JJTLY 14, 1927

HOSPITAL TO EXPAND Methodist to Get Power House, Kitchen, Laundry. Plans for construction of anew power house, kitchen and laundry for the Methodist Hospital were approved today by the hospital board executive committee, according to announcement of George M. Smith, hospital superintendent and board secretary. The power house, kitchen and laundry, to be erected on the west of the hospital site at Capitol Ave. and Sixteenth St., will serve a hospital capacity of 1,200 patients. Other new units are planned to increase the hospital capacity to 1,200 patients. Construction work will be started before August so the heatirig plant may be in operation late this year. Smith said. The new units were designed by Bohlen and Son, architects. CITY MAY RUN PLANT Lebanon Officials Consider Light and Power Project. Bu Times Sprvial LEBANON, Ind., July 14.—Lebanon city officials, considering a proposal for a municipally owned electric ligl>t and power plant, may ask the Indiana public service commission to fix a valuation on the Interstate Public Service Company's local plant, with a view to purchase. The Interstate has announced plant is not for sale and has established, as an experiment, a cut in house lighting rates. WATERMELON IS LOOT Two Negroes Armed With Revolver Raid Public Market. Bp United Press CAMBRIDGE, Mass.. July 14. Two Negroes armed with a revolver entered Cambridge public market yesterday, ordered the clerks to throw up their hands, seized a large watermelon and fled. MOTION PICTURES

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John Barrymore More glorious than ever | L before in— JJ " The longue I The vagabond lover *vho loved them all ON OUR STAGE BERNIE SCHULTZ and hit Crescent Orchestra A Band You’ll Like NBWS FABLE CHATS

COMING SUNDAY IRENE RICH ! “DEARIE” 1 7.V.7. CONFREY [ (Himself) |

TODAY FRI. and SAT. Double Feature Troitram DOROTHY PHILLIPS “REMEMBER” A Drama nf Tanirled Romance. Wnr and Two Slater* In Lr.re With the Same Man. “The Western Rover” Starring Art Aeord 10c ALL SEATS 10c

Qipiom? “FAUST” WITH EMIL JANNINGS ill li G V Nil rOIIKDY. lON NEWS. EARL GORDON. APOLLO MKRRY- • MAKERS.

p)Hiol

• ALICE TERRY In REX INGRAM’S Giant Production “THE MAGICIAN”

MACK SENNETT COMEDY “Smith’s Fishing Trip”

n N D I A N A h£d

A Puhltx Presentation “WINTER NIGHTS” ORGAN SOLO MME BUTTERFLY WITH HAROLD RAMSAT at the Barton

FROM 1 TO 6 ALL SEATS 40e eves. Balcony 40c SUNDAYS _.. .. HOLIDAYS Oth*r 60c