Indianapolis Times, Volume 39, Number 67, Indianapolis, Marion County, 28 July 1927 — Page 14

PAGE 14

STOCKS MOVE THROUGH WIDE RANGESTODAY Many Soar to New Highs, Falling Off Under ProfitTaking.

Average Stock Prices

Average of twenty Industrials Wednesday was 180.09. up .37, new high record. Average of twenty rails was 139.16, off .04. Average of forty bonds was 97.20, up .09. By United Excss NEW TOEtK, -July 28—Stock prices made wide fluctuations in today’s session, many issues soaring to new highs and later recedirfg on ' heavy profit-taking induced by warnings from conservative quarters that the advance of the past several days had weakened the technical structure of the market. Sales were well up in the 2,000,000 mark. However, several Issues affected by special developments, maintained their gains in the face of adverse movements. Trading, for the greatest part of the session, revolved about United States. Steel, which soared to new high ground at 133%, But later reacted slightly. Timken Roller Bearings was another industrial strong spot, advancing to anew maximum on urgent demand. Strength in Chrysler was accentuated later in the session following splendid earnings report. The issue led the motors on a grand upward splurge, with General Motors content to follow Chrysler’s lead. Nash Motors also touched anew top. Highs Numerous Other issues reaching new maxima were: Goodrich, Union Pacific, American Smelting, CSTse Threshing Machine and Shattuck. Describing the market, the Wall Street Journal’s financial review today said: Stocks made further progress on the upside today, to the utter discouragement of the bear crowd. With the Dow-Jones industrial average climbing day aftei day into new high ground, professionals have been expecting a drastic reaction at any time. But nothing happpened today to give the shorts comfort. Prices pushed steadily ahaed under the leadership of United States Steel. The latter gave a noteworthy demonstration in response to the acquisition of a substantial block of stock by the Du Ponts. Operations Increase Steel also derived stimulus from an increase in its operations to about 71% per cent, compared with 59 per cent over the two preceding weeks. Du Pont also soared to record levels, while new high ground was reached by various other standard industrials, including Allied Chemical and General Electric. Atchisno distinguished price movements in the rails by selling higher than it ever did before. Easy credit conditions was the dominating influence of the economic situation. Call money dropped to 3% per cent from the renewal rate of 3% per cent.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $5,791,000; debits, $5,803,000. NEW YORK’ STATEMENT By Ignited Press NBW YORK. July 28. —Bank clearings, $977,000,000; New York clearing house balance. $98,000,000. FOREIGN EXCHANGE By United Press NEW YORK, July 28—Foreign exchange closed steady. Demand sterling, *4.85 3-16, off 1-32; francs, 3.91%c; lira, 5.45%c, up .00%; Balza, 13.89; marks, 23.77 c; Montreal, 99.90625. INDIA BAN k RATE DROPS Bn United Press BOMBAY, British India, July 28.—The Imperial Bank of Indiana today Teduoed its discount rate from 5 to 4 per cent.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK, July 28.—The upturn In price at the close yesterday showed contracts hard to find even after a day of liquidation, I figure the trade took at least 75 per cent of all the cotton sold and evidently wants more, if the. market declines enough to reach their limits. For the time being, I think the trader who buys on the weak spots or sells on sharp advance will get the benefit of 25 to 40 points swings. Births Boys Rhbert and Dora Hatcher, 1733 Alvord. Theodore and Hattie Clark, 1949 Sheldon. • . Samuel and Irene Washington, 625 Blackford. William and Pearl Allman, city hospital. Ben and Ethel Gavy, city hospital. Robert and Nylene McCall, city hospital. Edward and Mabel Ott, city hospital. Ernest and Louise Raker, city hospital. Dorwln and Ruby La Follette, city hospital. 0 Lamar ana Grace Downtown, city hospital. Jersey and Mollle Mallory, city hospital. Gordon and Dorotha Stambro, city hospital. Frank and Augusta Levi, city hospital. Ralph and Rosella Herring, citv hospital. William and Ina Richardson, 3122 Jackson. Kenneth and Wilma White, Methodist Hospital. Ivan and Rose Mumford, Methodist Hospital. George and Blanche Bier, 3014 N. Ralston. Clarence and Edith Fulkman, 81$ N. Delaware. Girls Joseph and Margaret Ash. 240 Blake. Walter and Margaret Welsh, city hospital. Geoige and Lilly Kerr, city hospital. Jesse and Viola King, city nospltal. Carl and Julia Haggard, city hospital. George and Malva Tittle, city hospital. Harley and Virginia Wall, city hospital. French and Evelyn Hoback, city hospital. Reginald and Lena Beason, 711 Prospect. Hosea and Mary Thomas, 1125 N. Tacoma. Harry and Leah Blachschleger, Methodist Hospital. Williua at Zelah Heyer, Methodist HospitA Vtailecc ''-'rton. 1048 St. Pe-*r. Harry and Eunice Davis, Methodist Hospital. Donnls and Paulina Winegar, 1422 N. New Jersey. Eugene and Norma Grannan, 5018 E. Washington. Deaths Robert L. Bostic, 63, city hospital, myocarditis. Katherine Remy Butler, 80, 1603 Park, chronic myocarditis. George Robert Grooms, 16, 3733 N. Tacoma. tuberculosis. • Floyd S. Goodwin, 49, 1533 W. Vermont, sarcoma. Scrildia Ogden, 80, Centril Indiana H-s----pltal. cerebral hemorrhage. \ William Scott Jones, 72,, 418 N. Randolph, acute dilatation of hears. Peter P. Kirsch, 75. 909 S. Delaware, car- ' xinoma.. Charles Emmett Durham, 57. Mll2 W. acute dilatation of hirt.

New York Stocks By Thomson Si McKinnon

—July 28Railroads— Prev. High. Low. 2:00 close. Atchison 191% 190% 101 190% At Coast L 202 200 200 204 B & 0 118 117% 117% Can Pacific 188 187% 188 187% C & O 189 ... 188% 189, C& N W.J... 89% 89% 89% 89% C R & P 113% ... 113% 114% Del & Hud 211% ... 210% 21i Del & Lack 163% ... , 163% 164 Erie 62% 61% 62% 61% Erie Ist pfd ... 62% 61% 61% 61% Qt NO pfd 94% ... 94% 94% Lehigh Val 113% ... 112% 114% K C South 66 ... 66 65% L & N 147 ... 147 142% M K & T 51 ... 50% 50% Mo Pac pfd 104% ... 104% N Y Cen 153% 153 153% 103 NYN H & H.. 50% 50% 50% 50% No Pacific 92% ... 91% 91% Nor & W ......186% ... 186% 187% Pere Mara 136 ... 130 129% Penney .v...... 64% 64% 64% 64% Reading 117% 117% 117% 118 Southern Ry .. 131% 131 % 131% Southern Pac ..120% 120 120% 119% St Paul 15% ... 15% 15% St Paul pfd , ... ••• 30% St L and S W.. 85% ... 85 85% St L & S P 113% ... 113% 11418 JJnion Pac 184% 183% 184% 183 Wabash pfd .... 96 ... 96 95 Fisk 17% 16% 17 16% Goodrich 65 63% 66% 65 Goodyear pfd ...115% 114% 11* Kelly-Spg 23 22% 22% 22% U, a Rubber.... 47 46 46% 45% Equipments— , Am Car & F... 99% ... 99 99 A Am Loco 105 ... 10}% l??,. Am Stl Fd .. 5i% ... *1 51% Bald 3 Loco ..,..250% 247% 248% 250 Gen Elec 127% 125% 127% 126% Lima ••• 59,1 N Y Air Bk .... 46% ... Pres Stl Car .. 60 ... 60 59 Pullman .......187% ... 187% 187 West Airb .....179% 178% 179 179% West Elec 87% 86% 86% 86% Steels— Bethlehem 56% 54% 55% 55 Colo Fuel 88% 85% 88% 87 Crucible 95% 93% 95% 93% Gulf St Stl 53 ... 53 54% Inland Stl 54 52 53 % 52% Phil RC & I ... 38% ... 37% 38'/ Rep Stl 68% ... 68% 68% Sloss-Shef .. . . 126% U S Steel .....133% 129 133% 129 Alloy 27% 27% 27% 29% Vanadium 50 ... 49% 50 Motors — Amer Bosch .... 19 ... 18% 19% Chandler 18% 18% 18% 18% Chrysler 54% 52% 53% 54% Con Mo 11% ... 11% 11% Dodge 38% 17% m 17% Gabriel 54% 52% 52% 53% Gen Motor ....226 221% 226 224% Hudson 86% 85% 85% 36% Hupp 19% 18% 19% 18% Jordan 18% 17% 18% 18% Mack 103% 102% 103% 103% Martin Parry 17% Moon ... ... 7% Nash 75% .74% 75 74 Packard 35% f.. 35% 35% Peerless 25 ... 25 24% Pierce Ar f 13 12% 1.2% 12% Studebaker .... 52 51% 52 52% Stewart Warner. 63 ... 62% 63 Timken 114% 113% 114% 115% Willys-Overland. 18% 17% 18% 18% White Mo 39% 39% 39% 39% Mining— Amer Smelt ....163% 161% 163 161 Anaconda 46 45% 45% 45% Cer De Pas 60% Inspir 16% ... 16% 17% Int Nick 60% 59% Kennec 66% 65% 66 66% Tex G & Sul ... 65% 64% 65 65 U 8 Smel 36 35% 36 35% Oils— Atl Rfg 119 115% 118 117% Cal Pete 24% ... 24% 24% Freeport Tex 74% 73% 74 74% Houston 7.153% 148% 153 151% Indp Oil 19% ... 19% 19% Manand O 32% 32% 32% 32% Mid C Pete 30% ... 30% 30% Pan-Ame Pete B 35% 54% 55% 55 Phil Pete 39% 39% 39% 39% Union OU 42 % Pure Oil 26% 26% 28% 26% Royal Dutch ... 44% 44% 44% 44% Shell ’. 27% 27 27% 27 % Sinclair 16% ... 16% 16% •Shelly 27 26% 27 26% Std Oil Cal .... 53% 53% 53% 53% Std Oil N J .... 37% ... 37% 37% Std Oil N Y .... 31 30% 31 31 Texas Cos 48% ... 48% 48% Trans Pete 7% 7% 7% 7% Industrials— Adv Homely .... 1334 13 13* 13 Allis Chaim. 109% Allied Chem '....151% 148% 151 150% Armour A 9% 9% 9% aaf Amer Can 60% 59% 59% 60% Amer H-L 10 ... 10 9 Amer H-L pfd 64 Amer Safety R 43:4 Amer Wool 22% 22% ‘22% 22% Central L. ... .. 155: Coca Cola 117% ... 117% 116% Cent Can 76% I.! 76% 76 Cert Prod dai'. Dav Chem 311| Dupont 369% 266 268% 269% Pmi Players 93% 92 93% 94% Gen Asphalt .... 74 ... 73% 74% Int C Ener 47 46% 46% 46% Int Paper 51% 50% 51% 50% Int Harv 190% 186% 189 186 May D Sta .... 72% ... 72V* 72 Mont Ward 67% ... 67% 67% Nat Lead 111% ..I 111% 112 * Owen Bottle 79 Radio - 64% 63% C 4 64%. Real Silk 32 ... 31% 31%/ Hem Type 44% 44% 44% 44% Sears-Roeb 64% ... 64% 64% United Drug ....175 173% 175 173% Dniy Pipe 30% ... 30% 30% tJSCIP 223 220 222 223 % USIn A1 79% ... 79% 79% Woolworth 155% 153% 154 153 Utilities— Am T & T 166% 166% 166% 166% Am Express ....143% ... 143% 143% Am WWk 93% ... 93% 93% Brklyn Man.... 57V* ... 57V* 57% Col Gas & E 1... 93% 92% 93% 83% Cons Gas 107% 106% 107% 106% Interboro 37% ... 37 37% No Amer C 0.... 48% 48% 48% 48% Peopies G ..141 ... 140% 141% Phlla Cos 104 1/4 s Gas &El 62 % ... 61 % 62 % West Union ... 154 Shipping— Am Ip Corp ... 52% ... 52 52% Amer S & C.... 4 ... 4 4% Atlantic G ”, . 3 g 8 In M M pfd.... 42% 41% 42 43 United Fruit ...136% 136 136% 136% Foods— Amer Sugar .... 87% ... 87% 86% A B Sugar 191/, Austin n Beech N 56% Calif Pkg 64 ... 64 64 Corn Prods 56 54% 54% 5*% Cuba C pfd .... 36% ... 35% .16% Cuba A Sugar 22% Fleischmann ... 59% 59 59% 59 % Jewel Tea 60% 60% 60% 60 Nat Biscuit 132% Punta Ale 35' w s ßk m (Br:::;:; 1 25tt ! 03% *B* Tobaccos—aStoT..7.7.7. 61 * , 81 61,/ ‘ ,88 Am T (B) 141% 141 14i% 140% Cons Cigars .... 81% ... 81% 83 Gen Cigars .... 69% 69 69% 69 Liggett 118 ... 117% 118% Lorlllard 41V, '41% 41% 42 R J Hey 136 ... 135% 136 Tob P (B) 101% 101% 101% 101% U Clg Stores.... 92 ... 91V* 92 Schulte R S .... 52% 52% 52% 52% ROADS PROPOSE CUT IN COAL HAULING RATES

Affects Shipments, to Great Lakes From Southern Fields. By United Press WASHINGTON, July 28.—The Chesapeake & Ohio and the Louisville & Nashville Railroads today filed with the Interstate Commerce Commission freight schedules proposing a reduction of 20 cents a ton on coal moving to Great Lakes ports from the southern fields, in West Virginia, * Virginia, Tennessee and Kentucky. The new schedules are to be effective Aug. 28. A similar proposal from the Norfolk & Western Railroad is expected to be filed today or Friday. Chicago Commission Mart By United Press CHICAGO. July 28.—Berries—Dewberries, *[email protected] ;.er 16 qts.; black raspberries, *[email protected] per 24 qts.; gooseberries, $2 ®2.50 per 16 qts.; red raspberries. s2<fi> 2.50 per 24 pts. Green fruits—Apples, $2 ®2.75 per bu.; cantalouper. [email protected] per crate; cherries, $2.50®3 per 16 qts.; grapes. 30@32c per basket; peaches, [email protected] per bu.; pears. [email protected] per bu. Marriage Licenses Gerald Weaver, 22, 1262 W. Washington St., agent, and Catherine porena Brown, 19, 5404 S. Arsenal Ave., housekeeper. George Jester Oakley, 21, 2176 Temple Ave., salesman, and Florence Mareta Lewis, 18. 1319 Keeling Ave. John' E. Odom. 46, 1704 Prospect St., restaurant manager, and Mrs. Hattie Shaw, 51, 1704 Prospect St., housekeeper. Luther Otto Martin. 31, 537 E. Drtve, Woodruff PI., traveling salesman, and Marjr Edith Ladarence, 24, 537 E. Drive, nurse.

HODS FOLLOW DECLIHE WITH SECOND DROP General Tone Weak to 15 Cents Lower, Some Off Even More. —Hog Prices Range— July Bulk. Top. Receipts. 21. [email protected] 11.00 6,500 22. 10.00(8)11.00 11.00 6,000 23,- 10.25(r<>11.00 11.00 3,000 25. 10.50011.25 11.25 4.500 26. [email protected] 11.35 8.000 27. 10.00011.10 11.15 6.500 28. [email protected] 11.10 6.500 The weakness which settled over the Indianapolis hog market Wednesday was still in evidence today, although with slightly less intensity. Prices were mostly weak to 15 cents lower, in a few spots 25 cents below the previous day’s best. This tendency was fully in accord with Chicago’s market, which was around 10 to 15 cents lower on the hundredweight. Estimated receipts at the Indianapolis stockyards were 6,500 and there were 752 holdovers. The top fell only 5 cents, to su.lo, while the bulk sold at slo® 11. Hog Price Range Pigs and packing sows were unchanged, selling respectively at $9.50 down and [email protected]. General quotations on porkers were: 160-200 pounds, [email protected]; 200-225 pounds, [email protected]; 225-250 pounds, slo® 10.75; 250-300 pounds, $9.25® 10.25, and 300 pounds up, [email protected]. The cattle market remained steady, with offerings amounting to about 900. Beef steers sold at $10.50 @12.50; beef cows, $6.50@8*0; low cutters and cutter cows, $4.25 @5.50, and bulk stock and feeder steers, $7.25® 8.50. Lower Tone Calves declined 50 cents, placing best vealers at sls, the bulk selling around $13.50 and down to sl3. Receipts were 600. Little change occurred in the sheep and lamb market. The run numbered about 900 head. Top fat lambs went at $14.25; bulk fat lambs, sl3® 14; bulk cull lambs, sß® 10.50, and fat ewes, [email protected]. —Hogs— Receipts. 6,500: market weak to lower. iO-!30 lbs $ 8.500 9.50 T3O-160 lbs 9.50® 10.75 160-200 lbs 10.75011.10 200-250 lbs 10.00® 10.90 250 lbs. up [email protected] —Cattle— Receipts. 900; market, steady. Beef steers $10.50012.50 Bulk stock and feeder steers... 7.25 vi, 8.50 Beef cows 6.50® 8.50 Low cutters and cutter cows.. 4.250 5.50 —Calves— Receipts. 600; market lower. Best vealers $13.00014.00 Heavy calves 6.00® 9.50 —Sheep and Lambs— Receipts, 900: market little changed. Top fat lambs $14.25 Bulk fat lambs 13.00® 14.00 Bulk cull lambs [email protected] Fat ewes 5.00® 6.50

Other Livestock By United Press CHICAGO, July 28.—Hogs (soft or oily hogs and roasting pigs excluded i—Receipts. 43,000: market steady to 10c down; heavyweight 250-350 lb., medium to choice, $8.90 09; mediumwelghts 200-250 lbs., 200250 lb., medium to choice, $9.35® 10.85; lightweight 160-200 lb., common to choice. $9.60 up; light light 130-160 lb., common to choice. $9.15010.80; packing sows, smooth and rough. $7.5008.50; slaughter pigs, 90130 lb., medium to choice. $8,600 10. Slaughter cattle and calves—Steers. 1.500lb. up. good and choice, [email protected]; steers, i, 100-1,500-lb., choice. $13.25® 14.50; good. $11014; steers, 1,100 lb. down, choice, $12.75® 14; good. $10.50 0 13.25; medium, [email protected]; common. $708.75; light yearling steers and heifers, good ant, choice 850-lb down, $10.50013.25: heifers, good and choice 250-lb. up. $8.25# 12; common to medium (all weights). $4.75® 9.75; cows, good and choice. $6.50 0 9.50; common and medium. [email protected]: low cutter and cutter, $4.5005.60; calves, medium to choice. $7.75010; vealers. cull to choice, $7014.75; feeder and stock cattle, steers, common to choice, $6.50®9.50. Slaughter sheep and lambs—Light and rtandyweight. 92-lb. down, medium to choice, $12.50® 14.65- cull and common, all weights. $9.25 @12.50; ewes, medium to choice, $407.25: cull and common, $1.50®5.: feeding lambs, medium to choice, $11.50013.75. By United Press CINCINNATI. July 281—Hogs—Receipts. 3,500; holdovers. 1,816; market, mostly 20c lower; 250-350 lbs., $9010.40; 200-250 lbs., $10.25011.10; 160-200 lbs., $10.75®511.10; 130-160 lbs $10.25011.10; 90-130 lbs., s7® 10.50; packing sows, $707.75. Cattle—Receipts, 650; calves, receipts, 800; market, steady; beef steers, s9@>l2; light yearling steers and heifers. $8011.50; beef cows, $5.5007; low cutter ana cutter cows s4® 5.25; vealers. $1i®13.50; bulk stock and feeder steers, sß@9. Sheep—Receipts, 5,000; market 50c lower on lambs; top fat lambs. sl4; bulk fat lambs. $11@14; bulk cull lambs, $809.50; bulk fat ewes, $4.50 @6.50. By Times Special LOUISVILLE, Ky.. July 28.—Hogs—Receipts, 1,000; market, steady; tops. $10.75 'to 10c lower. Cattle—Receipts, 100; market, steady. Calves —Receipts, 300; market, 50c higher; good to choice. $11012.50; medium to good. $9.50011; outs, $9 down. Sheep—Receipts 2,000; market, steady to 25 cents lower; mixed lambs. $13.25; ewes and wethers, $13.75; seconds. $9; sheep, $3.5005.50 Bn United Press PITTSBURGH. July 28.—Hogs—Receipts, 1.000; market mostly steady to 15c up; 250-350 lbs., $9.10010.50; 200-250 lbs, $10.50011.25; 160-200 lbs, $11.25011.75; 130-160 lbs., $10.75(011.25; 90-130 lbs, $10.50010.75; packing sows. $7.2508. Cat-tle-Receipts, 10; calves, receipts, 75; market steady; beef steers, $10.50(012.75; vealers, $14®15.50. Sheep—Receipts. 300; market steady to lower; top fat lambs. sls; bulk cull lambs, $8010.50. By United Press CLEVELAND, July 28.—Hogs—Receipts, I. market steady to weak: 250-350 lbs, $9010.25; 200-250 lbs, $10.25011.35; 160200 lbs, $11.35011.60; 130-160 lbs, $10.75 @11.60; 90-130 lbs, SW).SO@ 10.75; packing sows. [email protected]. Caetle—Receipts, 250; calves, receipts 400; market steady; beef steers, $8.250 9.75; beef cows, $5.50®7.50; low cutter and cutter cows, $4.2505.25; vealers. $15017. Sheep—Receipts. 300; market steady; top fat lambs. sls; bulk fat- lambs. $14@15; bulk cull lambs, SIOO 11. bulk fat ewes, $4 0 6.50. By United Press EAST ST. LOUIS, July 28.—Hogs Receipts, 11,500; holdovers, 3,800; market strong to 10c up; 250-350 lbs, $8,500 10.15; 200-250 lbs.. $9.90010.85; 160-200 lbs, $10.70011; 130-160 lbs, $9.50011; 90130 lbs, s9@lo; packing sows. $7.50 0 8.10. Cattle—Receipts, 2.500; calves, receipts I, market, native steers steady; beef steels, $10.25011.75; light yearling steers and heifers, $7.500 10.50; beef cows. $6.25 @7.25; low cutter and cutter cows, $4.50® 5.25; vealers, sl4; heavy calves. $7.50® 8.50; bulk stock and feeder steers, $6.60® 8.25. Sheep—Receipts, 3,500; market steady; top fat lambs, $13.75; bulk fat lambs, $13.250 13.50; bulk cull lambs, $8.50; bulk fat ewes, $4.50 05.50. By United Press EAST BUFFALO. July 28.—Hogs—Receipts, 1,500: holdovers, 773: market, 10@ 20c down: 250-350 lbs, $9.50010.85; 200250 lbs, $10.75011.60;' 160-200 lbs. $11.50 @11.65; 130-160 lbs, $11.25@11 60;' 90-130 lbs, $11.15011.60: packing sows, sß® 8.50. Qattle —Receipts. 100; calvfs, receipts 250; market, slow and steacw; calves, steady; vealers. $l5O 15.50. sheep—Receipts. 200: market, steady; bulk fat lambs, $14.50; bulk cull lambs. $11012; bulk fat ewes, $5.50@7. Bu United Press TOLEDO, July 28.—Hogs—Receipts. 900; market 15 025 c lower; heavies, $8.7509.25; medium, $9.500 10.50; Yorkers, $10,750 11. good pigs. $10010.75. Cattle—Receipts, light; market slow; calves, receipts 75; market strong. Sheep and lambs Light; market steady. Exchange Seats Sold By United Press NEW YORK, July 28.—Two stock exchange seats have been sold for $218,000 each, it was announced today. That of the late Benjamin D. Bartlett was transferred to Marcus Pechheimer and that of the Herbert L. Smith to E. Sanford Hatch. \

THE INDIANAPOLIS TIMES

Produce Markets

Butter (wholesale price) Creamery, best grade, a pound. 420 45c. Butterfat—Local dealers, 40c. Eggs—Strictly fresh delivered at Indianapolis, 19@20c dozen. Poultry (buying prices) Hens, large breed, 18019 c; Leghorn hens. 15@16c; old roosters, large, 10012 c; Leghorns and small. 8@10c; broilers, IV* lb. up, 230 25c; Leghorns, black and small. 17020 c; turkeys. No. 1 young toms. 20c: No. 1 young hens. 20c; old toms, 15@20c: ducks, 12013 c; geese, 8010 c; guineas, 35c. By United Press NEW ' YORK. July 28.—Flour—Dull and easy. Pork—Dull. Mess—s 33. Lard— Easy. Midwest spot. $12.90 0 13. SugarRaw. steady; spot 96 test held duty, paid 4.4604.49; refined, dull; granulated. 5.90 c. Coffee —Rio No. 7. on spot, 14%014%c; Santos No. 4, 16%®16%c. Tallow—Steady; special to extra. 7%®7%c. Hay—Firmer; No. 1, $1.25; No. 3, 95c®1.05; clover. sl® 1.10. Dressed poultry—Steady; turkeys. 20®46c; chickens, 20®35c; broilers, 22® 36c: capons, 30@46c; fowls. 14 0 30c; ducks. 18® 22c; Long Island ducks. 23®24c. Live poultry—Easy: _gee.se, 10012 c; ducks. 120 24c; fowls. IT® 22c; turkeys. 25030 c; roosters, 12c: state whole milk fancy to specials. 27®28c. Potatoes—Long Island, $203.50; Jersey, 150 lb. bags, $2.75®3; southern, $2.2503.25. Sweet potatoes— Jersey basket, $102.25; southern barrels, $3.5003.80. Butter—Firm: receipts, 14,426; creamery extras. 41%c special market. 42r,/42%c. Eggs—Quiet: receipts. 19,468; nearby white fancy. 36@39c: hearbv State whites. 27®35c; fresh firsts. 24% (a 25%c; Pacific coasts, 28®37c: western whites, 25030 c; nearby browns. 31036 c. By United Press - CLEVELAND, July 28.—Butter—Extras In tub lots, 43%®45%c; firsts, 40%@41%c: seconds. 37%®38%c: packing stock. 28c. Eggs—Extras, 30; extra firsts. 28c; firsts. 24c: ordinary. 22c. Poultry—Fowls, 24@ 25c; Leghorn fowls. 18019 c; heavy springers. $2.8003: Leghorn broilers. $23@25; cocks. $16077; ducks. 19@21c. Potatoes— Virginia barrels, [email protected]. By United Press CHICAGO. July 28.—Butter—Receipts, 9,062; creameries. 38®39%c; standards, 39%c; firsts. 36%®37c: seconds. 34®35%c; extras, 40%c Eggs—Receipts. 8 275: ordinaries. 21022 c; firsts. 23@23%c: seconds, 18'nl9c; extras, 24024%c. Cheese—Twins. 23#23%c; Young Americas, 23%c. Poultry —Receipts, 9 cars; fowls. 19%c; springs 27c; geese. 13®19c; turkeys. 20c; roosters. 14%c; broilers, 20c. Potatoes—Arrivals. 117 cars; on track. 243; In transit. 700; tacked Kansas and Missouri Irish coblers, $1,350 1.55.

STANDARD OIL MAKESPEACE? Teagle’s Prescence in Europe Brings Up Question. By United Press PARIS, July 28.—Walter C. gle, president of the Standard Oil Company of New Jersey, who was reported to have come here to make peace in the oil industry, was shielded here by his secretary from would-be questioners. Teagle’s departure from the United States took place a few days before Sir Henri Deterding of the Royal Dutch Shell Company, issued a statement condemning the Standard Oil Company of New York and the Vacuum Oil Company for entering into an agreement, with the Soviet Russian Oil Syndicate to market Russian oil. The proposed markets are in the East, where Royal Dutch heretofore has supplied demands. It was suggested that Teagle, whose New Jersey organization has a working agreemeent with Deterding, would seek peace between the Royal Dutch Shell interests and the Standard of New York.. The secretary denied it. He said: "The Standard of New Jersey has no connection with the acts of the Standard of New York.” Teagle, he said, ‘probably would visit Berlin and then London, where he would meet Deterding, but he insisted that the meeting was an annual affair and that Teagle and Deterding were in the same position with respect to the Soviet oil controversy.

Commission Row

PRICE TO RETAILERS FRUITS Apples Box apples—Winesap. *3.50. Basket apples (40 lbs.), Ben Davis. *1.50. New apples—Transparents, 40 lbs., *3413.50; Duchess, *2.50473. -Apricots—California, *2 crate. Bananas—4@sc lb. Blackberries—24-qt. crate, *4. Cantaloupe—Arizona standard crates. *3.504(3.75; flat crates. *1.50; Arkansas cantaloupes, flat crate. *1.50. Cherries—California. *5.25 (15 lbs.). Dewberries—*3.so 16 qts. Grapes—California,' *5 crate: Malagas, $5 crate. Grapefruit.—California, *4.50 crate. Honeydew Melons—*2.2s crate. Huckleberries—Virginia. *3 fifteen lbs. Lemons—California. *9. Limes—California, *3 per hundred.' Oranges—California Valencias, crate, $5478.50. Peaches—Elbertas, $3.75 bu. Pears—California. $5 box. * Pineapples—Cuban, *303,50. Plums—California. [email protected] crate. Raspberries—Black, 24 pts., $3.50; red. $4. Watermelons—Georgia, average 30 lbs.. B*6 85c. VEGETABLES Beans—Green, $2.75©3 hamper. Beets—H, G., 35c doz. Cabbage—H. G., $1.50 bbl. Carrott*—H. G.. 40c doz.; bulk, sl.sp bu. Cauliflower—H. G.. $2.25 crate. Celery—Michigan, Highball, [email protected] crate; 50c bunch. Corn—Kentucky, 30c dozen. Cucumbers—Hothouse, $1.25 do*. Eggplant—H. G.. $3 doz. Garlic—California. 20c lb. Kale—H. 0.. 75c bu. Lettuce—California, haed, $5.25 crate; H. G. leaf, 15 lbs., 90c. Mangoes—Louisiana, $2 hamper. Onions —Spanish. $2.25®>2.50 crate: H. G. green. 45c doz.: H. G. white Bermuda, $3 u.; H. G. yellow Bermudas. *2 bu. Parsley—H. G.. 50c dozen. Peas—H. G.. $1.75 bu. Potatoes—Virginia Cobblers. $4.50 bbl.; Kentucky* Cobblers, $3.50 160 lbs. Radishes—H. G„ white, 40®50c; red. 40 ®soc; H. O. buttons. 75c dozen. Rhubarb—H. G., 35c dozen. Sweet Potatoes—Alabama. $2.25 hamper. Spinach—H. 0.. $1 bu. Tomatoes—H. G. hothouse, 10 lbs., $2; Indiana Climax. 20 lbs., $2. Turnips—H. G.. $2 bu. Building Permits Masonic Temple, reroof, southeast corner North and Illinois, $3,200. Guy G. Aronholt. dwelling and garage, 5247-49 College, $6,250. George Boon, garage, 1915 W. Morris, $225. Frederick Steck, repair, 1042 Fayette, S2OO. Blatz Brewing Company, addition, 1104 Bursdal Parkway, S7OO. E. E. Raybein, furnace, 1534 E. Coyner, $250. F. C. King, furnace, 949 Chadwick. *250. Harley Howard, furnace, 2446 Cornell, S4OO. Walter S. Green, dwelling and garage, 1215 Exeter, $1,750. Thomas L. Baldwin, addition, 149 S. Elder Ave.. SBOO. W. L. Kretter, reroof. 904 College. SIOO. J. L. Holloway, dwelling and garage. 6244 Central. $4,200. Karl Rommel, garage. 765-67 N. King, S2OO. Meyer-Kiser Bank, cables, 130 E. Washington, $226. Indiana Bell Telephone Company, elevator. 411 West New York, *270. Gibson ®6mpany, wails, southeast corner Capitol and Michigan. $2,000. Ollie Seyfried, dwelling, 3328-30 East New York, $4,500. Katherine B. Mott, dwelling and garage, 445 North Delaware, *IO.OOO. Fifteenth and Pennsylvania Realty Company. apartment, 1502 N. Pennsylvania, $200,000. Jensen, garage, 2052 S. Meridian, John Archie, repair, 2717 E. Michigan, $52. Mrs. T. S. Wands, garage and remodel, 1321-23 Columbia. *BOO. M. Murrello, shed, 664 S. East, *2,000. H. L. Haag, dwelling, southwest corner Fifty-seventh and Pennsylvania, $12,000. Carl Vonnegut, dwelling and garage, 4415 N. Delaware, $6,300.

GRAIN FUTURES GU LOWER AT CHICAGO MART Prices Generally 'Unsettled During Day, Tending Toward Losses. Bu United Press * CHICAGO, July 28.—Generally unsettled prices with a trend toward losses characterized today’s session in the grain pits on the Chicago Board of Trade. Late selling caused all futures to close lower as follow: Wheat 1% to 1% cents down, corn % to 1% cents off, and cats % to 1 cent lower. Provisions closed lower. Rains in the spring wheat belt which broke the heat wave, and hewier receipts than were expected caused lower wheat prices here. Receipts were 754 cars, most of which applied on July contracts and caused this future to sag lowest. The cash market was % to cents lower. Corn was extremely nervous all session after a higher opening. Raim over the belt and a forecast of a break in the heat wave caused prices to slump late in the session. Receipts were 61 cars. The cash market was unchanged. Oats fluctuated fnly slightly in a quiet pit. The cash market was unchanged. Receipts were/*72 cars. 3* ' Chicago Grain Table —Jiily 28— . WHEAT— Prrv. Open. High. Low. Close. close. Julv.. 1.40% 1 AO 3 . 1.38% 1.38% 1.40% Sept.. 1.38% 1.39% 1.37% 1.37% 1.39 Dec... 1.42% 1.43 1.41% 1.41% 1.42% CORN— Julv.. 1.03% 1.04 1.02% 1.02% 1.03% Sept.. 1.06% 1.07% 1.05%. 1.04% 1.06% Dec... 1.08% 1.09% 1.07% 1.07% 1.08% OATS— July.. 44 .44 / ,4J .43 .44 Sept.. .44% .44% .43% .44% .44% Dec... .47% .47% .46** .46% .47% LARD— July 12.60 12.60 12.55 12.55 12.67 Sept. 12.77 12.77 12 85 12 65 12 77 Jan.. 12.97 12.97 12.90 12.90 12.97 RIBS— July. 12.10 12.10 12.05 12.05 12.10 RYE— July.. 1.07% 1.08% 1.06 1 06% 1.07% Sept.. .95% .95% .93% .93% .95% Dec.. .98% .99 .96% .97 .98% By Times Special CHICAGO, July 28.—Carlots: Wheat. 626; corn. 89: oats. 62; rye. 2. By Times Special CHICAGO, Julv 28.—Primary receipts— Wheat. 4,121.000 against 373,600; corn. 375.000 against 389.000; oats. 338.000 against 342,000. Shipments—Wheat. 1.477.000 against 1.323,000; corn. 534.000 against 337,000; oats. 772,000 against 381.000.

STUDY PRICE FIXING Federal Trade Commission to Make Survey. By United Press WASHINGTON, July 28. For benefit of trade and industry and guidance of Congress, the Federal Trade Commission today started a broad investigation to determine the merits of “resale price maintenance”—fixing and enforcing sale prices of commodities. Extensive conflict among businessmen, legislators and courts over the price-fixing practice, which if extended would tend to eliminate all price-cutting, led the commission to order the survey. It will be carried out under supervision of Dr. Francis Walker, chief economist. Several bills providing for resale price maintenance have been introduced in Congress, but this is the first comprehensive Investigation ever undertaken. The commission believes agitation for such legislation will continue. THOUSANDS VISIT STATE PARKS ON WEEK-END Popagon Sets Record in Obtaining Immediate Popularity. Week-end crowd averages at the various State parks have been compiled by Conservation Director Richard Lieber. The figures show between 3,000 and 4.000 at Turkey Run, Clifty Falls and Popagon and from 6,000 to 8,000 at the Dunes. "Probably no State park ever enjoyed the immediate popularity Qf Popagon,” Lieber declared. “This is due to the expansive Lake James, the delightful scenery and the fine new modern inn that is now open there.” It is estimated 90 rfcr cent of park visitors come in cars. CHRYSLER EARNINGS UP Directors Declare Dividend—3o Per Cent Increase in Car Sales. By United Press NEW YORK, July 28.—Chrysler Motors Company directors today declared the regular dividend on common stock and made public an earnings report showing substantial gain in profits In the last quarter. In the six months ending June 30, 1927, the net profit was $10,116,729 compared to $7,846,744 in the first six months of 1926. The profit for the quarter ending June 30, 1927, was $5,724,180 compared to $4,287,055 in the corresponding period last year. Sales in the six months ending June 30, 1927, amounted to more than 100,000 cars, an increase of 30 per cent over the same period of 1926, Walter P. Chrysler, president, said. SEMINOLE SETS RECORD Yields 515.000 Barrels of Oil in Single Day. By T’nitcd Press TULSA. Okla., July 28.—Production in the greater Seminole, area soared for new records again, with the announcement today that Wednesday’s yield had been 515,000 barrels. A committee of operators in the area, striving to reach an agreement for curtailment of production, adjourned late Wednesday without reaching any definite plan. The committee will reconvene today.

Dollars a Dollar, T)ut Borrowing Cost Varies

Loan Rates Range From 4.77 to 7.73 Per Cent in - Different Cities. BY DEXTER M. KEEZER WASHINGTON, July 28. Although the dollars in use in the United States are just the same, the average cost of borrowing them for commercial purposes varies greatly from city to city, according to a survey just completed by Dr. Frederick C. Mills of the National Bureau of Economic Research. And along with striking variations in loan rates in different cities, there are equally striking differences in the extent to which loan rates fluctuate from month to month, according to Dr. Mills. A person borrowing money for commercial in Boston paid an average interest rate of 4.77 per cent from 1922 to 1926, the lowest rate in the country, according to the Mills survey. During the same period the average rate for commercial loans in Helena, Mont.— the highest in the country—was 7.73 per cent. Comparative Rates - The averate rate on customers’ loans in other cities during the period 1922-26 was as follows: Per cent Per cent. New York 5.01 Houston 5.82 Chicago 5.02 Denver 6.12 Baltimore 5.36 Birmingham ....6.14 San Francisco...s.4o;Portland. Ore 6.26 Dallas 5 44>Los Angeles 6.29 Pittsburgh 5.65; Spokane 6.40 Cincinnati 5.72 Oklahoma City.'. 6.67 Cleveland 5.79,El Paso 7 63 On the basis of rates for thirtyfour cities which he compiled. Dr. Mills concluded that ‘ the large cities of the Northwest have the lowest in general, while the higher rates are found in cities of the West and South.” The Explanation These differences he attributed to “variations in the degree of commercial development and business stability, differences in the amount of available credit and differences in the intensity of the demand for capital and credit, as well as variations in local business conditions and banking habits " Loan rates, according to the Mills study, fluctuate over six times as much from month to month in some U. S. cities than they do in others. He found that the rates for customers’ loans were "most rigid in Nashville, Helena, Louisville, Buffalo, Houston and Little Rock, while they were most flexible in Philadelphia, Boston, New York, Minneapolis, Dallas, St. Louis and Jacksonville.” The wide variations in which loan rates fluctuate in different cities, according to Dr. Mills, is accounted for by "local conditions and customs, rather than broad geographical and economic factors.”

In the Sugar Market

•By Thomson & McKinnon) NEW YORK. July 28.—That a large business has been done in raws has been confirmed. The situation In Europe is somewhat relieved with the prospect that Europe may become a buyer on a large scale. In the meantime, the demand for refined lags and there Is l'ttle to stimulate active trading in futures at the moment. This, however, does not detract from the ultimate strength of the later positions.

Local Wagon Wheat

Local grain elevators are paying $1.22 for No. 2 red wheat. Other graaes are purchased on their merits. PLANS OIL DRILLING By Times Special , PRINCETON, Ind., July 28. Drilling of a test well for oil on a tract fifteen miles southwest of Princeton will be started Aug. 15, according to Lex Johnson of Vincennes, holder of leases on 2,000 acres of land.

DRESS-UP ON Liberal Credit THE HUB ‘ i.*9 w. .Washington street

IDEAL^j^

Bird Cages Special Low Prices THIS WE£K Cages as low as $1.25 Stands as low as $1.98 20% Off On Brass Cages and Stands. Bird Foods and Remedies. EVERITT’S SEED STORES 5 N. Ala. St. 227 W. Wash. St.

SSr /every Saturday afternoonaudSunday Round trip to any point lor die cost of one way So*

Ppp

WALL STREET EYES UU PONT CO. EXPANSION Steel Alliance Rumored— Owns Block of 114,000 Shares. Bu United Press -- NEW YORK, July 28.—Wall Street today considered the second highly favorable earnings statement of a Du Pont company in three days apd mulled again over the rumors of impending expansion of Du Pont interests. The rumors, chief "of which connected the Du Ponts with the United States Steel Corporation, received neither confirmation or denial from official source-'. E. I. Du Pont-De Nemours & Cos. of Wilmington, in its annual statement made public today, reported a net income for the second quarter of 1927 of $8,375,942, compared to $7,531,545 for the corresponding period of 1926. The income for the first six months of 1927 was $23,834,209 compared to $21,757,313 in 1926. Much of the profit, however, came from dividends on $119,774,640 worth of General Motors stock owned by the company. Big Steel Block The earnings statement also verified the widespread reports of purchase of United States steel stock by the Du Ponts. The company has spent $14,000,000 for 114,000 shares of steel in the last six months. The Steel stock was listed under the head of marketable securities in the balance sheet. The purchase o{ Steel stock was regarded in many quarters as giving strength to reports that one of the Du Ponts, probably Pierre, chairman of General Motors, may beconfe a Steel director and might even succeed Judge Elbert H. Gary as chairman when he resigns. Other observers pointed out, however, that the purchase represented an unimportant percentage of Steel stock, and suggested it was acquired as an j investment only.

Street Interested Pierre Du Pont was in Europe, and officials of the Du Pont company said they did not know where he could be reached. Wall Street considered with a good deal of interest the fact that both E. I. Du Pont de Nemours & Cos. and General Motors Corporation showed increased earnings both for the second quarter and for the first six months of the year, while many other companies, including United States Steel, registered decreases in profit. ' ■ ■ ■” ’ - ' Slemp Calls on Von Hindenburg By United Press BERLIN, July 28—President von Hindenburg today received C. Bascom Slemp, former secretary to President Coolidge, in audience.

AMUSEMENTS

iH PALACE Ml FvUDtVIU.t- THE BEST - PHOTOPLAYS B

Continuous 1 to 11 P. M. That Funny Fellow! BILLY PURL AND COMPANY In the Novelty Musical Comedy “HEREAFTER” HERBERT CLIFTON WALTER" BAKER & CO. C. R. 4 ? VERONICA & HURL-FALLS PHOTOPLAY PRISCILLA DEAN In “BIRDS OF PREY” |

'z.zmsM VAUDEVILLE STARTS 2:00—1:20—7:00 and 9:20 Brown-Bowers Revue KARL & ERNA GRESS STONE A lOLEEN , AI and Harry Klein HAZEL IIASLAM—JIM FELTON 1 AND COMPANY Famous Original Empire Comedy Four Extra Added Feature Nettie Janowsky Troupe DAILY PIPE ORGAN RECITAL nv LESTER HUFF. STARTS 12:40 NOON. DOORS OPEN 12:30.

i ehblish’s i BERKELL PLAYERS / LOVE ’EM and LEAVE ’EM MAT., WED.—THUK. —SAT. Next Week—“PlGS”

jj] M V%AT 1 1 TUE STUART COMPANY | IB WIIM

JULV 28, 1927

MERCHANTS TO , CHICAGO MEET Hoosiers to Attend Convention and Rodeo. CHICAGO, July 28.—Many Indiana merchants will attend the twelfth semi-annual convention of the Interstate Merchants Council here Aug. 17, 18 and 19 and the opening of the third annual Chicago Rodeo on Aug. 20. They will be the guests of the Chicago Association of Commerce at the rodeo, where the world’s cowboy and cowgirl championships will be decided. Business buildings plans and ideas will be the theme of the merchants council meeting. The council has a membership of more than 3,800 of the livest retailers in the United States, Cuba and Canada. A number of noted speakers will be heard at the business sessions, and there will be open forums for general discussions of the problems of the retailers in all lines. J. H. Friblev, Bourbon, Is vice president of the merchants council and Donald Eldredge, South Bend, is a member of the board of directors.

The Original m Payments as Low as $1 a Week THE UNION ' TIRE CO. Geo. Medlam, Pres. MA in 6273 Cor. S. 111. and Georgia St. Open Till 8:00 p. m.

MOTION PICTURES

If BEN Li 0 vl r LYON Vi m i PAULINE \ Kgkf J| , STARKE w\ 'DAHmAAGIC | l STOLAREVSKV i HAROLD RAMSAY If | on the Stage PUBLIX presents STAOEO BY Ah DR 4 CHARIOT RESTIVO l WIZARD ACCORDIONIST ' I De liiixe Shows at iiSfflwA

MILTON SILLS in “FRAMED’V i p au l 5 Collegians f Tremaine r+J J and his * News—Chat Jr * • . ] Fable / AITStOCrAtS ; GALVAN ' "The Spanish Banjo Boy" COMING SUNDAY Coon Sanders . ! KANSAS CITY I NIGHT HAWKS On the Screen , “LONESOME LADIES” J

JSI? Tcda Fri. 8 Sat. VIOLA DANA “THE LURE OF THENIGHTCLUB” A glistening story of the Night Life of New York—throbbing with heartaches and roinanee—n parade of beauty and of Broadway ! UNIVERSAL'COMEDY 10c—All Seats—loc

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

ESTHER RALSTON “TEN “MODERN COMMANDMENTS’* (TH E N RYjCO M edY^~