Indianapolis Times, Volume 39, Number 64, Indianapolis, Marion County, 25 July 1927 — Page 10

PAGE 10

UNDERTONE OF STOCK MARKET TURNS STRONG

G. M. C. Heads Industrial Advances Steel Outstanding Around Noon.

Average Stock Prices

Average of twenty Industrials Saturday was 173.11, up .28. Average of twenty rails was 138.27. off .12. Average of forty bonds was 87.12, up .01. By United Press NEW YORK, July 25.—Although outwardly, the general list appeared irregular in early dealings on the stock exchange in today’s session, a strong undertone prevailed. Industrials for the most part were strong, with General Motors again the leader of the advance, forging to anew high at 218%, up %. Case Threshing Machine was another strong spot, rising 2 points to 257 while Allied Chemical annexed a point at 151. Chrysler, an active feature of last week, was in urgent demand at 52% up %. United States Steel was steady at 125% up Vs. Union Carbide rose to 138% up %. Carriers Up Rails were active and higher. Union Pacific, M-K-T, New Haven and Baltimore & Ohio were fractionally higher. Northern Pacific was up about a point at 91%. Motors were irregular, with Mack Truck and Overland off % each. Describing the market, the Wall Street Journal’s financial review today says: Business statistics published over the week-end showed unfavorable comparisons. Fabricated steel plate bookings in June were 25,134 tons against 41,695 in June, 1926. Atchison loadings for the week ended July 22 were 37,335 cars against 45,316 in the same week of 1923. However, momentum generated in Saturday’s session, which resulted in a new high in Dow-Jones industrial average, carried stocks of this department higher in early dealings. Record for Steel Steel common was the outstanding feature of strength in the late morning, rising to new high ground since the 40 per cent stock dividend, at 12%, up 1% from the previous close. This gain was based on the expection that the earnings statement for the second quarter due at Tuesday’s close, would show net operating income in excess of the $45,584,000 reported for the first three months of 1927. Under cover of active operations for the first three months of 1927. Under cover of active operations for the rise in leaders, like General Motors, Dupont and Woolworth, heavy selling, however, went ahead in -many sections of the list. Professionals combed the market for air holes and succeeded in starting sharp declines in special issues. Cast Iron Pipe broke 5 points to 225. Paramount-Famous was another weak spot, breaking to new low ground for the year at 92%, off 3%.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $4,007,000; debits, $6,500,000. NEW YORK STATEMENT By United Press NEW YORK, July 25.—Clearings. *437,000,000; clearing house balance. $107,000,000; New York Federal Bank credit balance, $85,000,000. FOREIGN E&CHANGE By United Press NEW YORK, July 25.—Foreign exchange opened steady. Sterling demand, $4.85 1-16; francs, 3.91%c; lira. 5.43 c; belga, 13.89%c, up .00%e; marks, 23.77 c.

In the Cotton Market

(By Thomson Sc McKinnon) NEW YORK. July weather seems to be changing for the better, most of the bulls have repurchased the Qotton which they sold out early last week. Bales from the South are increasing and I think the week will see lower prices.

In the Sugar Market

(By Thomson Sc McKinnon) NEW YORK, July 25.—The narrowing of the differentials between refined and raw sugar by the decline* in the former during the week, should eventually have a good effect on the futures market. Unfortunately the demand for refined has not been stimulated by the decline which may have the effect of temporarily retarding any advance In futures.

Local Wagon Wheat

Local grain elevator* are paying $1.22 for No. 2 red wheat. Other grades are purchased on their merits. HIS MELONS ‘ALL WET’ Bushing; Business - From Truck Brings Blind Tiger Charge. Selling alleged liquor under the guise of peddling watermelons landed Robert Porter, 41, Negro, 2736 Boulevard PI., in city prison today. Porter was doing a rushing business of “selling watermelons” from a truck at Twenty-Fifth St. and Northwestern Ave. until Patrolmen McMann and Bartlett discovered a pint of alleged whisky under the driver’s seat. Porter is facing charges of operating a blind tiger, selling by station, selling on the streets without a peddler’s license and resisting an officer. ' FACES CRIPPLE’S LIFE Newcastle Policeman Hurt in Motor-cycle-Auto Crash trolman Robert Martindale probably will be a cripple the remainde: of his life as the result of a police motorcycle he was riding being struck by an automobile driven by Ray Stone. Martindale suffered a double -fracture of the right leg, broken hand and other injuries, _

New York Stocks

Uv Thomson ft McKinnon"

—July 25 Railroad*— „„„ Prev. High. Low. 2:00 close. Atchison 187% 186% 186% 186% At Coast L 199 Vi 199 199% 198% B&O 11614 ... 115% 116 Can Pacific 186 ... 184% 185% C&O 186% ... 185 y 185% C & N W 89 88% 89 89 C R & P 113 Va 113 113% 113 Del Sc Hud 211 Del & Lack 170 Vi ... 168 168% Erie 60% 60% 60% 60% Erie Ist pfd.... 60% ... 60 59% Gt. No pfd 93% ... 93% 13% Lehigh val 113% K C 50uth...... 67% ... 67% 60% L & N H3 MK & T 51 50Vi 51 50% Mo Pac pfd 104% ... 104% 107% N Y cen 152 Va 151% 152 151% NYN H & H.. 50 ... 49% 49% No Pacific 91% 91 91 Vi 91 Nor & W 186 ... 186 186% Pere Marq ..... .. ... 13oy* Pennsy ~..64% 64 64 64 Reading* 116% 115% 116 116 Vi Southern Ry ...132 ... 132 132% Southern Pac ...12014 ... 120 119% St Paul 16 St Paul pfd 31% ... 31% 31% St L& S W , 88% St L& S P .'....113% ... 113% 113% Union Pac 181% ... 181 181 Vi Wabash 73Va ... 73% 73 Wabash pfd 95 Rubbers — Alax 8% 8% 8% 8% Fisk „... 16 ... 15% 15% Goodrich 56*4 56 56% 53% Goodyear pfd ..114% ... 114% 114% Kelly-Spa- 23% 22% 23 22% U S Rubber.... 45% 45 45% 44% Equipments— Am Car & F... 98 ... 98 98 Am Loco 104 Vi 104% 104% 104% Rm Stl Fd 53% 52 53 51 Va Bald Loco 249% 245 249 Gen Eleo 124 123% 123% 123 Lima 64% N Y Air 8k.... 45% ... , 45 45 Pres Stl Car... 61 Vi 61% 61% 60% Pullman 187 Wsth A B 181*,i 178 181 178% Wsth Elec 87% 85% 87% 85% Steels— Beth 52% 50% 52% 50% Colo Fuel 88% 87 87 Vi 86% Crucible 9S*/a 92% 92'/* 92% Gulf St Stl 51 49% 51 48 Inland Stl , 53 Phil RCSc I 37% ... 37% 37% Rep Steel 68 66% 68 66 Sl-Shef 125 U S Steel 127% 125% 127% 125% Alloy 28% ... 28V* 27% Vanadium .50 49 94*% 49 Motors — Amer Bosch .... 20Vi 20% 20% 20 Chandler 18V* ... 18% 19 Chrysler 52% 51% 52 52% Con Motor 12% 11 12 10% Dodge 18% 18% 18', i Gabriel 57 55% 55% 55% General Motor ..220Vi 218% 220 217% Hudson 86% 86 86% 85% Hupp 18% ... 18% 18% Jordan 20% 19% 19'/* I#% Mack 100 % 98 98% 100% Mar-Parr 17 % Moon 7 Vi Nash 68% ... 68Vi 68% Packard 35% 35% 35 V* 35% Peerless 24% Pierce Arrow .... 13'/* ... 13'/* 13% Studebaker 52% 51% 51% 51% Stewart Warner 63% 63% 63% 63 Timken 116% 115 115'/* 114% Willys-Overland.. 17% ... 17 17% White Motor .... 38 ... 38 38 Mining— . Amer Smelt.... 162 160% 162 "159% Anaconda 46 45% 46 45% Cer De Pas 61'A 61 61% 61 Inspir 17% ... 17% 17%' Int Nic 61% ... 61 '/a 61% Kennec 66% 66 Vi 66 V* 65% Tex G & 5u1.... 66% ... 65V* 65% U S Smelt 36% ... 36% 36% O i I.**-- - At Ref 119 ... 119 119 Vi Cal Pete 25 ... 25 24% Frep Tex 76% 75 75 75% Houston ....... 154 151 152 150V* Indp Oil ...T... 19% ... 19% 19% Marland O ..... 33% 33 33V* 33% Mid C Pete .... 30% 30Va 30% 30% P-A Pete B 55'/* 54% 55'/* 55 Phil Pete 40V* ... 39% 39% Union Oil 42 Va Pure Oil 36'/* 26% 2S'/i 25% Royal Dutch 30% Shell 27'/a ... 27% 27'/* Sinclair 16'/* 16% 16'/* 16% Skelly 27'/a 26% 27 26% Std Oil Cal 53% ... 53% 54 Std Oil N J .... 37Va ... 37% 37% Std Oil N Y 30% ... 30% 30% Texas Cos 48% 48% 48% 48% Trans Pete 7% ... 7% 7% Industrials— Adv Rumly 13 '/* Allis Chaim 107*/* Allied Chem ... 151 150 150'/* 150 Armour A 10 ... 9% 10 Amer Can 59% 58'/a 59 58% Amer H-L 10V* Amer H-L pfd 65% Amer Safety R.. 43% 42'/* 43 42% Amer Wool 20 20 20 20% Central L 15 Coca Cola 118% 118 118% 117% Cont Can 75 ... 74% 74% Cert Prod 47% Dav Chem 30 Dupont 267% 263% 266 262% Fm Players 95% 92% 93 95 Vi Genu Asphalt 75 Int C Engr 46 ... 45% 42 Int Paper 50 49% 50 50% Int Harv 186'% 185 186% 183% May D Sta 73% 72'/* 73 72 Mont Ward .... 69% 68% 68% 69% Nat T.ead 112% Owen Bottle .... 78% ... 78% 78% Radio 61% 60% 61% 60% Real Silk 32% 31% 32% 31% Rem Type 44% 44% 44% ... Sears-Roeb 67V* 66V4 66% 67% United Drug ...,172% 170% 172 Univ Pipe 31 .. 31 30% U S C I P 228% ... 225 230 USIn A1 82 81% 82 82 Woolworth 154 151% 153'/* 149% Am T &*t” 166% ... 166 165% Amer Express 141 Amer W W 90% ... 90% 90 Brklyn Man 58% ... 57% 58% col Gs Sc El ... 94% ... 93% 93'/* Cons Gas 106% ... 105% 105% Interboro 36% ... 36% 37% Nor Amer Cos ... 48% Peonies G 141% Phlla Cos 105i Std Gas Sc El .. 62% ... 62 61% West Union I ... 166 Shipping— Amer In Corp ..53% 53% 53'/* 52% Amer S &<:.... 4% ... 4% 4% Atlantic G 371/2 Int M M pfd ... 45% 45% 45'/* 45% United Frt 134% 133 134 133 Foods— Amfer Sugar .... 87 ... 87 87 A B Sugar 19% ... 19% 19% Austin N 4y 2 Beech N 57 Cal Pkg 64% ... 64% 04 Corn Prod 55% ... 55% 55% Cuba C pfd .... 36'/* Cuba A Sug 23 Fleischmann ... 60% 60% 60% 59% Jewel Tea 61V* ... 61 62% Nat Biscuit .... 132% ... 132% 132 Punta Aleg 36% ... 36% 37 Postuni . ......105% 105% 105% 105 Ward Bk B .... 25% ... 25’/* 25 Tobaccos— Amer Sumat .... 60% 60 60% 60 Amer Tob 142 ... 142 142% Amer T B 142 141% 142 141% Cons Cigars .... 84% ... 84% 85 Gen Cigars 70% 69% 70 70 Liggett 120% ... 120'/* 120% Lorillard 42% 41% 41% 41% R J Reyn 136% ... 136% 136% Tob P B 102 101% 102 102% UnCig Stor .... 93% 92% 93% 93 Schulte R S ... 54% ... 53% 5334

Gone, but Not Forgotten

Automobiles reported stolen to police belong to: Mrs. Georgia Simpson, Vincennes, Ind., Essex, 583-376, from Vincennes, Ind. E. B. Askew, 844 Oxford St., Chevrolet, 22-301, from Wabash St. and Capitol Ave. A. F. Ahl, 1546 Hoyt Ave., Ford, 595,595, from in front of 1125 Shelby St. G. T. Ladd, Fowler, Ind., Essex, 439-606, from Fowler, Ind. Frank Smith, Greenwood, Ind., Ford, 26-404, from Georgia St. and Capitol Ave. BACK HOME AGAIN Automobiles reported found by police belong to: Charles Lynn, Bedford, Ind., Ford, found at X W. Minnesota St. and Eagle Creek. Ford touring, license 26-404, found at Kentucky and Senate Aves. H. C. Huckleberry, 1304 W. Thirty-Fourth St., Chevrolet, found at 300 W. Ohio St. Obregon fs on Campaign By United Press MEXICO CITY, July 25.—General Obregon was here today in furtherance of his campaign for the presidency. The former president arrived yesterday and was 'welcomed by about 6,000 persons. Cholera Brings Traffic Tie-up Bn United Press BASRA, Persia, July 25.—River and road traffic was suspended today upon reports from the Anglo-Persian refinery at Abadan that cholera was present there,

HIGHER TONE IN NOGS AS TRADE SETS£ AGAIN Calves and Cattle Become Strong to Higher — Ovines Improve. —Hog Prices Range— Inly Bulk. Top. Receipts. 18. [email protected] 15.65 4.000 19 [email protected] 10.75 6.500 20; [email protected] 10.85 7,500 21 10.25W11.00 11.00 6,500 22 10.00# 11.00 11.00 6,000 23 10.25 @ll.OO 11.00 3.000 25. 10.50#11.25 11.25 4,500 The week opehed today at the Indianapolis Union Stockyards with an advance in hog prices. The market was generally 10 to 25 cents higher on the hundredweight. Most light porkers were at the full of the advance. Estimated receipts were 4,500; holdovers were 174. The top went to $11.25, a jump of 25 cents above Saturday’s best. The bulk sold at [email protected]. The early top at Chicago, on a market generally 10 to 15 cents higher, was $10.90. Hog Price Range Pigs went at $9.75 down; packing sows, $7.50 @8.25, and smooth light sows. $8.50. Other quotations were: 160-215 potmd hogs, [email protected]; 215225 pounds, $10.75@11; 225-250 pounds $10.50 @ 10.90; 250-300 pounds up, $8.90^9.75. Slaughter cattle was sold to 25 cents higher. Receipts were estimated -at 800. Beef steers sold at $9.75@12; beef cows, [email protected];, low cutters and cutter cows, $4.25#5.50, and bulk stock and feeder steers, $7.25 @8.50. Improved Tone Calves were strong to higher like; wise. Best vealers brought other grades selling downward from this. Receipts were 300. The sheep and lamb market was strong. The practical top was $13.50, with a few odd head going up to sl4. Offerings amounted to about 500 head. Top fat lambs sold at $13.50: bulk fat lambs, $12.50 13.50; bulk cull lambs, sß@ 10.50; bulk fat ewes, [email protected]. —Hogs— Receipts. 4,500; market generally higher. SO-fSO !bs $ 8.50® 9.75 130-160 lbs [email protected] 160-200 lbs 11.000D11.25 200-250 lbs 10.500111.15 250 lbs. up [email protected] -CattleReceipts. 800; market, strong to higher. Beef steers $ 9.75m>12.00 Bulk stock and feeder steers... 7.25®) 8.50 Beef cows 6.25® 8.50 Low cutters and cutter cows... 4.254} 5.25 —Calves— Receipts. 300; market, strong to higher. Best vealers $13.50® 14.00 Heavy calves 6.00® 9.50 —Sheep and Lambs— Receipts, 500: sheep steady; lambs strong. Top fat lambs $13.50 Bulk fat lambs $12.50013.50 Bulk cull lambs 8.00®10.50 Fat ewes t 5.00@ 6.50 Other Livestock Bu United Press CHICAGO, July 25.—Hogs: (Soft or oily hogs and roasting pigs excluded.!—Receipts, 40.000; market, generally 15®25c higher; heavyweight, $2.5003.50 lbs., medium to choice. s9® 10.10; mediumweight, 2000250 lbs., medium to choice, $9.50® 10; lightweights. 160-200 lbs., common to choice. $9.75@11; light lights. 130160 lbs., common to choice, $9.25® 10.90; packing sows, smooth and rough. sß®'B.t'o; slaughter pigs. 90-130 lbs., medium to choice. $8.65® 10. Slaughter cattle and calves—Steers. 1,500 lbs. up. good and choice, *12.25014.40; steers. 1.100-1.500 lbs., choice. $14(7714.40; good, $11013.75: steers. 1.440 lbs. down, choice. $12.500 13.75; good. $10013.25; medium. $8.25011.50; common, [email protected]; light yearling steers and heifers. food and choice. $8.50 lbs. down. slo® 3.25: heifers, good and choice. 850 lbs. up. $8.50® 12; common and medium, all weights. $6.7509.50; common and medium, $5.7506.50; low cutter. $4.7505.75; calves, medium to choice. $7.50010; vealers, cull to choice, [email protected]; feeder and stock cattle steers common to choice, $6.50® 9.50. Slaughter sheep and lambs—Lambs: light; anad hanyweikht, 92 lbs. down, medium to choice, $12.50® 14.85: cull and common all weights, $9.25012.50; ewes, medium to choice. s4@7: cull and common. $1.50475. Feeding lambs—(Range Stock) Feeding lambs, medium to choice, $11.50013.75. Bv Timex Special LOUISVILLE, July 25. —Hogs—Receipts, 1.300; market steady to 25c higher; tops, $10.90. Cattle—Receipts. 1,400: market steady to 25c lower. Calves—Receipts. 800; market steady; <feood to choice. $10.50® 12; medium to good, s9@ 10.50; outs, $8.50. Sheep—Receipts, 3.500; market steady to 25c higher; mixed lambs, $12.25; ewes and wethers, $13.75; seconds, $9; sheep, s3.so^p

SIX PAINT COMPANIES ARE JOINED IN MERGER Cleveland Firms Unite; Richard to Be Representative Here. Bu Times Special , CLEVELAND, Ohio, July 25.—A. C. Ernst, managing partner of Ernst & Ernst, certified public accountants, today announced'consolidation of interests of six Cleveland paint companies. The Arco Company, the Eclipse Paint and Manufacturing Company, the Crescent Paint and Manufacturing Company, the Sterling Products Company, the Iroquois Manufacturing Company and the Argus Manufacturing Company. The' new company as the Arco Company, is chartered under the laws of Ohio and has issued 100,000 shares of no par stock. Sales o' the new company are estimated at from $5,000,000 to $10,000,000. Officials state that the combined manufacturing facilities enable the new company to supply a complete line and the combined activities will extend to practically every country of the world. G. E. Rickard has been appointed Indianapolis representative for the Arco Company.

COMPANY PICNICS HELD Employes of Four Concerns Frolic at Walnut Gardens. More than 500 employes of four companies held picnics in Walnut Gardens Sunday. Baseball and other games, musical numbers, dinners and dancing were on the programs. Employes of Standard Oil Company of Indiana numbered about 200. One hundred fifty workers of the American Express Company, 100 employes of United Furniture Stores of Indianapolis and Kokomo and seventy-five employes of Brooklyn Brick Company held outings. County 110 Years Old By Times Special y PETERSBURG, Ind., July 25.—A pageant at the fairgrounds here Tuesday night will feature the celebration of Pike County’s 110th birthday. Mere than 250 persons will take part in the pageant, >

; THE INDIANAPOLIS TIMES '.

Commission Row

PRICE TO RETAILERS FRUItS Apples —Box apples—’Winesap, $3.50. Barrel apples—Ben Davis, $3. Basket apples (40 lbs.), Ben Davis, $1.50. .New apples—Transparents. 40 lbs., s3@4; Duchess, $3.50. Apricots—California, $2 crate. Bananas —4@sc lb. Blackberries—24-pt. crate, $2. Cantaloupe Arizona jumbo crates, $4; standard crates, $3.50; flat crates, $1.50; Arkansas cantaloupes, standard crate, *3.50; flat crate. $1.50. ' Cherries —California. $5.25 (15 lbs.). Grapes—California. $5 crate. Grapefruit.—California. *4.50 crate. Honeydew Melons —$2.25 crate. Lemons—California. S9OIO. Limes—California, $3 per hundred. Oranges—California Valencias. crate, $5.50478.50. . Peaches —Georgia Elbertas. $3 bu. Pears—California. $5.50 box. Pineapples—Cuban, $34(3.50. Plums—California. *2.2502.50 crate. Raspberries—Black, 24 pts., [email protected]; i*ocl S4> Watermelons—Georgia, average 30 lbs., 65@85c. VEGETABLES Beans—Green, $2.75@3 hamper. Beets—H. G., 35c doz. Cabbage—H. G„ $2 bbl. Carrotis —H. G.. 40c doz.; bulk. $2 bu. Cauliflower—H. G„ $2.25 crate. Celery—Michigan, Highball, $102.25 crate; 50c bunch. Corn —Kentucky. 40c dozen. Cucumbers—Hothouse. $1.25 doz. Garlic—California. 20c lb. Let tu c iifornia bU 'head. *5.50 crate: H. G. leaf, 15 lbs., $101.25. Mangoes—Louisiana. *2 hamper. Onions —Yellow. 100 lbs.. $3.50. Spanish, [email protected] crate; H. G. green. 45c doz.: H. G. white Bermuda, $3 bu.; H. G. yellow Bermudas, $2 bu Parsley—H. G.. 50c dozen. Peas—H. G.. $2.25 bu Potatoes —Virginia Cobblers, $4.50 bbl. Radishes—H. G.. white. 400 50c; red, 40 (a 50c: H. G. buttons. 75c dozen. Rhubarb—H. G.. 35c dozen. Sweet Potatoes— Nancy Halls. $1.50 a hamper; new Georgias. *2 bu. Spinach—H. G.. $1.25 bu. Tomatoes —H. G. hothous 10 lbs., $1.75, Indiana Climax. 20 lbs., *2. Turnips—H. G*. $1.75 bu. Chicago Commission Mart Bu United Press / CHICAGO. July 25 —Berries—Dewberries. $203 per 16 qts.; black raspberries. $24/ 275 per 24 pts.; blueberries. $303.75 per 16 qts.; goose berries. $1,504(2.20 per 16 qts.; red raspberries. $24/2.50 per 24 qts.; strawberries. $2.50®3.75 per 16 qts. Green fruits—Apples. $24/2.75 per bu.: cantaloupes. $34/ 3.50 per crate; cherries. *1.75® 2.50 per 16 qts.; grapes. 40® 40c per basket; peaches, $2,504/2.75 per bu.

Indianapolis Stocks

July 25 —Stocks— Bid. Ask. I Amer Central Life 550 ... Amer Creosoting Cos pfd 101 105 Belt R R com 66% 69 Belt R R pfd 58 ... Cent Ind Power Cos pfd 92 95 Cities Service Cos com 45% ... Cities Service Cos pfd 87% Bi% Citizens Gas Cos com 56 57% Citizens Gas Cos pfd ... Commonwealth Loan Cos pfd... 99% ... Equitable Securities Cos com.. 51 Hook Drug Cos com 29% ... Indiana Hotel com }2 ••• Indiana Hotel pld 101 ... Ind Service Corp pfd 8 • ... Indianapolis Gas com ........ 60% ... Indpls & Northwestern pfd... 53 ... Indpls P Sc L 6%s pfd 98% 100 Indpls P Sc L 7s pfd 96% 100 Indianapolis St Ry pfd 38% 40 Indpls Water Cos pfd 103 Indpls Water Wks Sec Cos 98 Interstate P Ser pr lien pfd..,100 Interstate P" S 6s pfd . 85 Merchants Pub Util pfd 100 ... North Ind Pub Service pfd... 93% 96 Progress Laundry eom 23% ... Rauh Fertilizer pfd * 50 ... Real Silk Hosiery pfd 94 T H I Sc E pfd 26% .. TH Trac &Lt Cos pfd 94% 97 Union Trac of Ind com Union Trac of Ind Ist pfd Union Tnac of Ind 2d pfd 2 Union Title Cos com 92 Van Camp Pack Cos pfd 5 Van Camp Prod Ist pfd 97 Van Camp Prod 2d pfd 95 —Bank Stocks— Aetna Trust and Sav Cos 118 ... Bankers Trust C 0.... 132 ... City Trust Cos 150 ... Continental National 118 ... Farmers Trust Cos 240 ... Fidelity Trust Cos 162 ... Fletcher American 171 Fletcher Sav and Trust C0....280 Indiana National Bank 262 267 Indiana Trust Cos 230 250 Livestock Ex Bank 162 172 Marion County Bank 2'o Merchants Nat Bank s'*"' Peoples State Bank 200 ... Security Trust Cos Jo State Savings and Trust 74 83 Union Trust Company *6O Wash Bank and Trust CC..../60 ... —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 Citizen Gas Cos 5s 103 ... Citizens St R R 5s 86% 87% Gary St Ry 5s 89 Home T and TofFt W6s 103% ... Indiana Hotel 5s 100 ... Indiana Northern 5s 2 ... Ind Rv and Lt 5s 95 Ind Service Corop 5s 92% ... Ind Union Trac 5s 3 Indpls Col & So 6s 99 102 Indpls Gas Cos 5s 100 100% Indpls Sc Martinsville 6s 80 Indpls Northern 5s 21 24 Indpls Sc Northwestern 5s 80% 81% Indpls Power and Lt Cos 55... 96% 98 Indpls St Ry 4s 68 69 Indpls Trac and Term 5s .... 95% 96 Indpls Union Ry 5s 101 ... Indpls Water 5%s 104 Indpls Water Ist 5s 99 Indpls Water 4%s 97% 99% Indpls Water Wk Sec Cos 65...100 Interstate Pub S 6s 103% ... Interstate Pub S Bs 6%s 105% ... 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 15 16% —Liberty Bonds—--Ist 3Vis 100.76 100.90 Ist 4',4s 103.00 103.10 2d 4'is 100.20 100.30 3d 4%S 100.90 101.10 4th 4*/*S 103.72 103.80 US Tr 4%S 113.44 113.58 U S Tr 4s 108.50 108.62 US Tr 3%S 105.50 105.60 US Tr 3‘/is 99.90 100.10 US Tr 3%s 100.00 100.50 —Sales—--9 share Indianapolis St. Ry 39 SI,OOO Citizens St Ry 5s 87 SI,OOO Liberty 4th 4%s 103.80

BEN ISJIELD MORAL Defense Witnesses Praise Colony Ruler. By United Press ST. JOSEPH, Mich., July 25. Friendly witnesses continued today to laud “King” Benjamin Purnell’s morals, as defense attorneys' renewed their effort to save the colony from dissolution asked by the State. Ida Caudel Walmer, 40, a musician in the House of David Orchestra, denied she had told Esther Hansel, one-time favorite of Benjamin, now the State’s star witness, that she heard “King” Ben threaten to throw Esther overboard if she did not submit to his advances on a boat trip to Arrill, lumber camp of the cult, in 1909. Mrs. Walmer also praised High Island, alleged Siberia of the sect, as a “wonderful place, where everyone was healthy and happy. PLAN KIRSCH FUNERAL Rites Will Be Held Wednesday in Sacred Heart Church. Peter Kirsch, 75, who died at the home of his daughter, Mrs. F. C. Felske, 909 S. Delaware St u Sunday evening, will be buried at St. Joseph’s Cemetery, after services in Sacred Heart Church at 8:30 a. m., Wednesday. Mr. Kirsch had lived in Indianapolis twenty-nine years and had been engaged in the harness business the greater part of that time. He had come here from Hayden, Ind. Three sons, Jesse and Herman Kirsch of Indianapolis, and Frank B. Kirsch of Portsmouth, Va., and three daughters, Mrs. L. R. Boone, Mrs. Clara Carter and Mrs. M. L. Felske, all of Indianapolis, survive him. ' _ '

GRAIN FUTURES UNDERGO DROP AT CHjCAGO PIT Wheat Dov\fa 1 Cent, Other Cereals Opening Weak to Lower. Bu United Press CHICAGO, July 25. Opening prices in grain futures today were as follows: Wheat, % to 1 cent lower than Saturday’s close; corn, unchanged to Vs cent down, and oats, unchanged to % cent off. Traders in wheat were inclined to hold bearish sentiments in view of the large receipts expected here all week. The movement of wheat to market was in full swing today and hedging pressure as a result became greater. Liverpool was about as expected this morning and no factor here. The report of the visible supply later today will show an increase of 2,000,000 bushels, trader* stated Weather conditions in the spring wheat belt were excellent. A heat wave is coming east from the Rockies and will probbaly enter this belt. However, experts opined the heat would not be conducive to rust unless there was (—?—) beforehand. Outside interest in corn was lacking again today and the buying power was slow despite cool nights in the belt. Weather conditions were good, and so far the crop is making satisfactory progress. Traders expected a decrease in the visible supply report. Oats showed no sign of becoming active. * t Provisions opened unchanged. Chicago Grain Table —July 25WHEAT— Prev. High. Low. 12:00. close. July 1.41% 1.40% 1.40% 1.42 Sept 1.38% 1.37V* 1.38% Dec 1.42 1.41 1.41V* 1.42'/* CORN— July 1.00% .99 1.00% .99 Sept 1.05% 1.03% 1.05% 1.03% Dec 108'* 1.06 1.08% 1.06% OATS— July 44% .43% .44 .44 % Sept .43% .42% .43 .43% Dec. ....•••• .46% .45% .46 .46% RYE— July 105 1.04 1.05% Sept 91% .93% .94 .94% Dec 97% .97',* .97% .97% LARD— July 12.62 12.55 12.62 12.55 Sept 12.77 12.67 12.77 12.70 Oct 13.00 12.90 13.00 12.80 Bu Timex ftpceinl CHICAGO, July 25.—Carlots: • Wheat. 286; corn, 59; oats, 50; rye, 7. Bu Times Special CHICAGO. July 25.—Primary receipts: Wheat, 4.869.000, against 672.200: corn, 649,000. against 604.000; oats. 537,000. against 508.000. Shipments: Wheat, 1.810.000. against 1.393.000: corn, 676.000, against 513,000; oats, 236.000. against 640,000.

Produce Markets

Butter (wholesale price) Creamery, best grade, a pound. 42®45c. Butterfat —Local dealers. 40c. Eggs—Strictly fresh delivered at Indianapolis. 20021 c dozen. Poultry (buying prices) Hens, large breed. 18{/l9c: Leghorn hens, 15® 16c; old roosters, large. 10012 c; Leghorns and small. 8®S10c; broilers. IV* lb. up. 23# 25c; Leghorns, black and small. 17620 c; turkeys. No. 1 young toms. 20® 25c: No. 1 young hens. 20025 c; old toms. 15020 c; crooked breasted and fat. 10® 12c; thin and poor, ll@12c: ducks. 12® 13c; geese. 8010 c: guineas, 35c. By United Press CHICAGO. July 25.—Butter—Receipts. 17,523: creameries. 38®39c; standards. 39c; firsts, 36%@'t7e: seconds. 34@35%c; extras, 40 1 :C. Eggs—Receipts. 20.397; ordinaries, 21® 22c; firsts. 23@23%ct seconds. 19c; extras. 24®24%c. • Poultry—Receipts, 8 cars; fowls. 21c: springers. 29c; ducks. 17020 c; geese. 13® 19c; turkeys. 20c: roosters. 15%c; broilers. 24c. Cheese—Twins. 22%@22%c; young Americas, 22%®23c. Potatoes—Arrivals. 102 cars: on track. 215: In transit, 688: Kansas and Missouri sacked Irish Cobblers. $1.8001.85. mostly around $1.75. Sweet potatoes—sl.soo2.2s. Bu United Press NEW YORK. July 25.—Flour—Dull and unchanged. Pork—Quiet; mess. *33. Lard —Easy; middle west, spot. $12.850 12.95. Sugar—Raw, dull; spot. 96 test, delivered duty paid. 4.52 c; refined, quiet; granulated. 5.80 c. Coffee—Rio. No. 7 on spot. 14%® 14%c; Santos. No. 4. 16%@17c. Tallow—Dull; special to extra, 7%07%c. Hay—Dull; No. 1. *1.20: No. 3. 90c@l; clover. [email protected]. Dressed poultry—Quiet; turkeys. 200 46c; chickens. 20 0 36c; broilers, 20@36c; capons, 20®46c; fowls. 12® 29c; ducks, 18® 22c; ducks. Long Island. 23@24c. Live poultry—Dull and nominal: geese, 10@12c; ducks. 12@24c; fowls. 18®25c: turkeys, 25®30c; roosters. 15c; broilers, 20037 c. Cheese—Firm’ state whole milk, fancy to specials, 27®28c; young Americas, fresh, 24® 24%c. Potatoes —Long Island. $2®3.75: Jersey. $2.7503; southern. $1.2503.38. Sweet potatoes Jersey, basket, sl®2; southern, basket. $1; southern, barrel. s3@7. Butter—Weak; receipts, 6,927; creamery extras, 41'.*c; special mraket, 42®42'/*c. Eggs—Quiet; receipts, 9,088; nearby white fancy, 364/ 39c; nearby state whites. 27® 35c; fresh firsts. 23%® 25c; Pacific coasts. 28®37c; western whites. 26@30c: nearby browns. 30@36c. Bu Uni led Press CLEVELAND. July 25.—Butter —Extras in tub lots. 43®45c; firsts. 40@41c; seconds. 37® 38c; packing stock. 28c. Eggs— Extras, 29c: extra firsts, 27c: firsts, 23c; ordinary. 22. Poultry—Fowls. 22® 23c; Leghorn fowls. 17018 c; heavy springers. 28® 30c; Leghorn broilers, 22®24c; cocks. 15® 16c; ducks. 190-21. Potatoes —Carolina and Virginia barrels. $3.60 03.75.

PATROLS TO ENFORCE BAN ON GREEN CORN Quarantine to Be Established in Northeastern Part of State. Sixteen roads in the northeastern part of the State will have special patrols to enforce the green corn quarantine which is expected to be established within the next ten days, State Entomologist Frank Wallace announced today. Special officers are to be employed in this work and farmers will be halted and asked whether they are transporting any green corn. No green corn may be carried out of the district which is infested with corn borer. v ALIGATOR IS CAPTURED Reptile, 18 Inches Long, Is Found in Pleasant Run. An alligator of the man-devouring variety today is confined in a wash tub at the home of its captor, William D. Stewart, 520 N. Ritter Ave., Ellenberger Park custodian. Following complaints of several yduthful waders in the waters of Pleasant Run, Stewart went on a hunt for the reptile Saturday night. Armed with a garden rake and-a flashlight he found the eighteeninch alligator under a foot bridge across the creek. Stewart believes that a home-com-ing tourist became tired of the pet and turned it loose. British General Is Dead By United Press BRISTOL, Eng., July 25. Brig. Gen. Reginald E. Dyer, officer who ordered troops to fire on Indian crowds at Amritsar during the Punjab riots of 1919, died here yesterday.

The City in Brief

TUESbAV’S EVENTS Rotary Club luncheon. Claypool. Mercator Club luncheon, Spink-Arms. Purchasing Agents’ Association luncheon, Chemical Society luncheon. Chamber of Commerce. . . . Universal Club luncheon. Columbia Club. Phi Gamma Delta luncheon, Chamber of C °lßiU'ersßy of Michigan Alumni luncheon, Lincoln. The last consignment of asphalt from the United Asphalt Cos., represented by W. Todd Young, seventh ward Republican chairman, has met with specifications, Park Engineer J. E. Perry said today. Two carloads in the first consignment were turned down. The last shipment consisted of about six cars. "’Officials of the Kroger Grocery and Baking Company are checking their store at 1433 Wade At. to determine what was taken *by thieves early Sunday morning. Mrs. J. H. Fauer, 1510 Wade St., saw the robbers and called police. Police are searching for Frances Carter, 17, of 1145 Vandeman St.,' who is alleged to have stabbed Mrs. Garland Bunton, 25, Negro 1402 Earhart St., in an argument over a dime. Mrs. Bunton is in city hospital with wounds in her neck and left arm. Miss Carter owed her a dime and when she asked for it, the fight started, Mrs. Bunton told police. John Smith, 107 Minkner St, was held at city prison today charged with drunkenness and operating a motor vehicle while under the influence of liquor, after he had collided with an auto at W. Michigan St. and White River Blvd. Harold Blakey, 19, negro, 729 Douglas St., was sentenced today to sixty days on the Indiana State' Farm by Criminial Judge James A. Collins on a charge of vehicle taking. % Police today watched Indianapolis roads for a Buick sedan, Pennsylvania license No. 44,219, driven by Thomas McCarty. Todd Stoops, Hoosier Motor Club manager, asked police to watch for McCarty when informed that a relative of the tourist had died in the East. Space capacity of the Capitol Clothing Company. 117 W. Market St., will be tripled by remodeling and enlarging its building. The work, started three weeks ago. will be completed within a few days. Wylie Coleman, 11, of 1742 S. Delaware St., newsboy, was bitten by a dog Saturday while delivering a paper at 417 Cavens St. The owner of the dog was ordered by the police to keep it confined for ten days. Incorporation papers have been filed for Mooresville Country Club, located a short distance from Indianapolis. No capitalization was given and incorporators were Emmett Bowne. president; Minnie Bowne, vice-president and Mildred Jones, secretary-treasurer. Marriage Licenses Raich Kennedy. 23. of 1754 S. Blaine, metal finisher, and Dorothy Reuter. 17. of 1702 3. Belmont. George Milligan, 23. of 923 N. Senate, laborer, and Arminella Alexander. 20. of 1021 Made, housekeeper. Wilbur Accel. 28. of 1907 N. New Jersey, assistant majiager Insurance comoanv. and Gertrude Schuller. 27. of 3670 N. Delaware. Births Girl* Walter and Marv Lvnn. 905 Chadwick. Kenneth and Chrystal Smith. Long HosDltal. , Clarence ahd Anna Chlngenoeel, Long Hospital. James and Minnie Martin. Methodist Hoscltal. Walter and Ruth McCreerv. Methodist Hospital. Allan and Ruth Gilmour. Methodist Hospital. John and Jessie Shockley. 2036 E. Maryland. Otis and Augusta Keys. 2511 Northwestern. Stuart and Catherine Tomlinson. 2334 Adams. Boys Glenn and Marv Gibbs. Long Hospital. Frank and Sarah Fvffe. Long Hoscltal. Everett and Leesa Warriner. Long Hospital. Vernon and Marv Frizzel. Long Hospital. Shellie and Willie Vinson. Long Hospital. Ben and Anna Stein. Methodist Hoscltal. Charles and Clara Herron. 1007 E. Ohio. John and Margaret Redmond. 1311 N. Garfield. Deaths Joseph A. Bego, 59. 1201 Marlowe, chronic myocarditis. Edward H. Kacoes. 51. 6420 E. Washington. diabetes. James B. Sheets. 41. St. Vincent Hospital. hypothyroidism. Ebenezer Rodgers. 73. 1131 N. Jefferson, hypostatic pneumonia. Oftle Ellis. 7. city hospital, acute appendicitis. Junior Martin. 4. city hospital, broncho pneumonia. Verona Woodson. 24. city hospital, general peritonitis. Anna L. Ferguson. 20. 620 W. Eleventh. tuberculosis. Anna Belle Mason. 36. 3019 Wood, mitral lnsufflcienevc. . _ Caroline 8. Gons. 45. 612 8. Tibbs, parenchymatous nephritis. Building Permits T. D. Layman, reroof, 3126 Park, S2OO. H. D. Wood, garage, 3247 Graceland, *3OO. Walker Realty Company, boiler, 602-604 N. West, $3,000. James Graham, addition, 435 N. Linwood, $1,500. < H. G. Monon. dwelling and garage, 1222 W. Twenty-Third. *2,600. C. E. Daugherty, furnace, 5360 N. New Jersey. $320. Frank Frost, furnace, 3622 Graceland, $225. Guy E. Street, furnace, 5701 N. Pennsylvania, $562. W. M. Wilson, addition. 4102 E. Washington. *I,BOO. Robert Falley. oil burner. 37 E. FiftySeventh. *7OO. W. C. Stedfelt. furnace. Fifty-Sixth and Pennsylvania, $425. L. D. Thomas, furnace, 3637 College, $425. J. T. Elliott, dwelling, 2949 Bartholomew, $1,500. J. E. Mowrey, dwelling, 3822 N. Capitol, $3,800. C. F. Scottvadditlon, 115 N. Elder, *250. Frank Perkins, garage, 523 Berwick. $250. Albert South, dwelling, 1105-07 Parker, $5,000. Abe Schwartz, furnace, 5221 E. Washington, S7OO. , L. Boomstein, addition, 4137 N. Meridian. *3,500. W. C. Kobin, addition, 4401 N. Meridian, $2,000. Indianapolis public school commission, addition, northwest corner Dearborn and Tenth. $27,000. S. D Samuel, dwelling and garage. 4122 Spann, $1,700. S. D. Sample, dwelling and garage, 4117 Spann, $1,700. S. D. Sample, dwelling and garage, 4121 Spann. $2,10b. S .D. Sample, dwelling and garage. 4126 Spann. $2,100. S. L. Sample, dwelling and garage, 4126 E. Morris. $1,700. W. F. Sevfleld. dwelling and garage. 1329 N. Drexel. $3,950. Frank L. Douglas, garage, 1228 N. La' Salle. S2OO. Frank Wl.son, dwelling, 1639-41 Yandes, $4,000. Robert Hunt, porch. 1204 Polk, *4OO. N. Siegel and F. Bluesteln. fence, northeast corner Lewis and Thirteenth. SBSO. H. B. Williams, reroof. 2306 N. La Salle, S2OO. H. B. Williams, addition. 2314 N. La Salle. *2OO. ... „ William Low Rice, garage. 4941 Kenwood. S2OO. James McNary, garage, 2422 Baltimore, S2OO.

SNAGS FACED IN SETTLING TAX REFUNDPUZZLE City, County and School Men Confer With Committee From Chamber. Discussion and study of Marion County’s tax refund problem by city, county and school officials with the Chamber of Commerce special budget committee at luncheon today left officials no nearer actual solution than before. Frank B. Fowler, budget committee chairman, presented a report giving all angles of the situation, presenting the various methods of refunding the $8,900,000 considered. Total possible refunds for the entire county are estimated at $8,072,826. This includes principal and interest. Division of this among taxing units places the civil city’s share at $3,252,614; school city, $2,421,126; Marion County, $1,025,153; State of Indiana, $843,580, the balance of approximately $531,353 being owned by townships and town governments. Bonding Margins Given Bonding margins of the civil city are: Sanitary district, $2,834,993; general fund, $5,730,437; park district, $1,972,745; school city, $1,344,327; Marion county, $7,821,155. These figures cannot be accepted as final, Fowler asserted, because of additional debts about to be contracted or considered by the various units. Bond issues already authorized or considered bring the bonding power of the taxing units, under the constitutional 2 per cent limit, to the following limits: Civil city, $1,300,000; park district, $1,300,000; school city, $894,327; Marion county, approximately $7,000,000. Each unit must retain reserve bonding power, ranging from several hundred thousand dollars for the school city to $1,000,000 for the civil city. This situation, it was agreed, eliminates paying the entire indebtedness by bond issue. Would" Require Special Levy Paying the entire sum by direct taxation, instead of by bond issue payable over a period of years, would require a special levy of 50 cents on the SIOO for the civil city, 37% cents for the school city and 13.7 cents for Marion County, not including the State, township and town governments. This would require a total levy

MOTION PICTURES

MILTON SILLS in “Framed” Truly an Amazing , Romance —Sills at His Best e^o PAUL TREMAINE | and his Aristocrats of Modem Music C^ 1 Return of l MIGUEL QALVAN “The Spanish Banjo Boy ” ! “The Cinder Path” ; one of “THE COLLEGIANS” ; NEWS —CHAT—FABLE .

PAULIN* \ J) I STARKE cV , ff| dancNagic I I STOLAREVSKY HAROLD RAMSAY f j on the Stage PUBUX presents 1 WEDDLER* STAGED BY AnDA< CHARIOT REST! VO 1 WIZARD ACCORDIONIST Ij I De Luxe Shows at 3:10 7:15 9:iy BMI WANA

ffpQlm WALLACE RAYMOND BEERY & HATTON “FIREMAN, SAVE MY CHILD” Imperial Comedy, Fox New*. Earl Gordon, Apollo Merrymaker*.

F"'"3

ESTHER RALSTON “TEN "MODERN COMMANDMENTS” O'HENRY COMEDY - * RCTH NOLLE* ORGANOLOUVE

'JULY 25, 1927

increase for the three units of SI.OOT. Discussion of possibility of paying part of the refund by bond issue and the rest by direct taxation was held. Taxing officials were frank In mitting that they are faced with a most serious problem, which must be settled without delay. SENTENCE THEATER MEN Two to Prison for Doctoring Income Tax Figures. Bu Uiii/ed Press NEW YORK, July 25.—Edward and Oscar Alexander, president and treasurer of the Alexander Theater Ticket Office, Inc., today were fined $5,000 each and sentenced to six months in jail for doctoring income tax figures. Both were released on $5,000 bail, pending appeals on the contention that the law under which they were convicted is unconstitutional.

Indianapolis Automobile Club Morion Cos., Inc. 24-Hour Service Free to Members DUES $7.30 PER YEAR DKEXEL 8770

House Cleaning Supplies, Paints, Lawn and Garden Seeds and Tools, Screen Doors, Windows and Wire, Refrigerators, etc. VONHEGUT’S 120-124 E. Washington St.

CLOTHING j ON CREDIT I ASKIN & MARINECO. I %/ .w yyASHiNCTON si-/ I

OUTFITTERS TO THE WnOLE FAMILY Chain Store Buying Enablci Do to Sell for Lei* I GLOBE STORES Milo itore—3Bo Waih. St. Store No. 8—450 XV. Waih. St.

Tiger Foot Tires Hoosier Hi-Power Batteries EASY PAYMENTS Indiana Wholesale Tire Cos. 885 N\ Cap. RI l"T M 77

AMUSEMENTS Kids— Bring Your Own Suit and A THIN DSiE AND SWIM WITH SAFETY in PURE FILTERED WATER Every Tuesday and Thursday from 9 to 2 P. M.^_ You Also Get Speciar Rates on Rides BROAD RIPPLE PARK <

VAt DEVILLK STARTS 2:00—1:80 —7:00 and 9:20 Brown-Bowers Revue KARL & KRNA DRESS STONE ft IOLKEX A1 and Harry Klein HAZEL HASLAM—JIM FI'LTON AND COMPANY Fainou* Original Empire Comedy Four Extra Added Feature Nettie Janowsky Troupe

DAILY PIPE ORGAN HKCITAL BY LESTER 111 KK. STARTS 12:40 NOON, DOORS OPEN 18:30.

PALACE

VAUOtVILIC - THE BEST -PHOTOatAYS

Continuous 1 to 11 P. M. OUCI II( K NILE & MANSFIELD In “THE MAN SAID—" RAY WYLIE with “Skoet” Mavo “THE FUTURISTIC JAIL-BIRD" Claymo Five Weliord & Murray I Cardinals & Newton PHOTOPLAY LEWIS STONE —ln—‘The Notorious Lady’

[Tim? NOW! I ft) v "188 L*J Wed., Sat. TIIKSTI ART WALKER COMPANY ( Pit* oe ali mwrirr nsn / SSm > ''i* Ml auefcede. Ur .Inly 26 Delta Delta Della Night Aug. 2....'...Zeta Tan Alpha Night

|jfPlMf\s H] ENGLISH’S ALL WEEK 1 [Jean Olivar--Mllton Byron “LOVE ’EM and LEAVE ’EM” J Mat. Wed., Thur*., Sat. nt 8:15. IPRIt ES-r2se. 35e, 50\ * JUTES AT 8:15—2.V, 50r. oe. Government Tax on 90/' Sent* Only. I Next Week—“PlGS." ——— I