Indianapolis Times, Volume 39, Number 75, Indianapolis, Marion County, 5 August 1927 — Page 20

PAGE 20

RECOVERY AND REACTION COME LATEINTRADE General Weakening Follows Profit-Taking and Short Selling on Street.

Average Stock Prices

Average of twenty industrials Thursday was 184.64, up 1.08. Average of twenty rails was 141.70, up .84. Average of forty bonds was 97.56, up .21. By United Press NE WYORK, Aug. s.—Recovery and reaction came into today’s stock market following the reduction in the New York rediscount rate Thursday from 4 to 3% per cent. Prices started higher and continued to rise until a wave a profit-taking and short selling late in the day undermined the advance and caused a general decline. Leading stocks such as Atchison. General Motors, U. S. Steel and others of the group met the brunt of the bear attack, dropping sharply. General motors had been bid up sharply early, attaining a new high at 230%. Houston Oil dropped 10 points, Du Pont 8, Timken Roller Bearing 4% and General Electric nearly 6 points. Large Sales Dealings were heavy, running over the two-million mark before 2 p. m. and continuing at a rapid pace in the last hour. Describing the market, the Wall Street Journal’s financial review said: Although Wall Street had been prepared for the cut in the New York bank rate by similar action in Kansas City and St. Louis, it was surprised by the extraordinary public response to the reduction. Before the opening, the opinion prevailed in the financial community that the establishment of a 3% per cent rediscount charge, had been discounted by tho substantial gains in stock prices over the last several weeks. - Leaders React However, a flood of buying orders poured in from outside sources, and the early dealings were characterized by the remarkable demonstrations of strength in many sections of the list. But it was evident from the sub-' sequent action of the market that habitual traders had taken advantage of the public demand to accept profits and in many instances to put out short lines. Selling of this character quickly dampened speculative enthusiasm and good-sized recessions followed in volatile issues like Houston Oil, Baldwin and Timken Roller Bearing. Leaders of the recent advance such as Steel, General Motors, Hudson and General Electric also turned reactionary, and the market as a whole was decidedly heavy in the afternoon. So heavy was the trading in the last hour that the ticketrs were far behind the actual transactions. It was twenty-four minutes after the market had officially closed at 3 p. m. before the tape ended pouring from the ticker.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $3,707,000; debits, $.108,000. I NEW YORK STATEMENT By United- Press NEW YORK, Aug. s.—Bank clearings, 81.036.000.000; clearing house balances. $101,000,000. FOREIGN EXCHANGE By United Press NEW YORK, Aug. B.—Foreign exchange opened firm. Demand sterling. $4.88 9-16, up .00 3-32 c; francs, 3.91%c; lira, 5.44 c, up ,00*c; belga. 13.90 c; marks, 23.78 c. FOREIGN EXCHANGE By United Press NEW YORK. Aug. B.—Foreign exchange closed Arm. Demand sterling $4.85 9-16, up .00 3-32 c: franc. 3.91%c, up .00%c; lira, 5.45%c: belga, 13.90 c; marks, 23.78 c; Montreal. 99.875 c.

In the Cotton Market

(Bv Thomson to McKinnon) NEW YORK, Aug. B.—Early cables Indicate that spinners arc buying in Liverpool. It’s very probable they will buy here also as they did Thursday. Asa rule Its the bear that is afraid of Government estimates and while I expect nothing sensational from the market today or Saturday on the soft spots. It’s a buy.

In the Sugar Market

(Bv Thomson St McKinnon) NEW YORK, Aug. s.—The actons of Thursday's market revealed that, with pressure removed it would rebound of Its own accord, in other words, fundamental conditions favor higher prices for sugar, but momentary market conditions tend to hold them back. Actual supply and demand must prevail in the end and for that reason I continue Ho advise purchases of the late months. UNITED STATES AUTO SALES ABROAD MORE Commerce Department Reports Increase <Jf 28% Over Year Ago. Rij United Press . WASHINGTON, Aug. s.—United States sales of high-priced automobiles abroad are growing, according to a Commerce Department survey today which revealed also that automotive exports during June this year, standing at $30,649,149, were 28 percent more than for the previous June. The substantial export increase was in the face of a 17 3-1 Q per cent drop in production. Canada is the leading market, followed by Australia, British South Africa, Argentina and Belgium. ATTACK TRIAL OPENS tin Times Special SHELBYVILLE, Ind„ Aug. 5. Theodore Seitz went on trial today in Shelby Circuit Court, second of five men charged with criminal assault Upon Miss Josephine Cord, 17, to face court. Russell Titsworth, Rushville, has joined counsel for defense of Seitz. The case is being tried before Judge Arthur ,C. Van Duyn of the Hancock Court, sitting as special judge.

New York Stocks ■ I Bv Thomson & McKinnon —Aug. 5 Railroads Low . 2;00 Attchlson 19|Va 196>/ a 196% 196* At Coast L ....200 ... 199va 199 B*o ......... 122-/4 121* 121% 120% Can Pacific 190% 188* 190 190*4 C to O 194 193 % 194 194 C & N W 92% ... 914 91% C R & P 113% ... 113*4 112% Del to Hud ....213 ... 213 213% Del to Lack 163% Erie ..77. 65V, 65*4 65% 64% Erie Ist pfd ... 65% 65 65 65 k Gt No pfd 98% 98% 98% 97% Lehigh Val 114*4 ... 114*4 li3*/ K C South ... 66% ... 66% 66 L& N 146 ... 146 145 MKto T 50% 49% 50 .s9!s* Mo Pac pfd ...105*4 104% 105 104* N V Cen 157 155% 156 156 N Y N H & H 50% ... 50% 50% No Pacific 95* ... 95% 95% Nor to W 190 ... 187 189% Pere Marq .....133 . ... 133 *3? Pennsy 66 65% 65% 65 Reading 119% ... }lB% }l® Southern Ry ....135% ... 135 135* Southern Pac ...123% 123% 123% 123% St Paul 15% 15% 15% 16 St Paul pfd ... 32% 31% 32 31% St L & S W... 87 85% 87 86% St L & S F.. .115% ... 115* 115 Union Pac 191 190* 190% 189% Wabash 73% ... 73% 73% Wabash pfd ... 95 ... 95 96 Ajax 9 8% 9 8% Fisk 17* ... 17% 17% Goodrich 66% 65% 66 65 Kelly-Spg 23* ... 23* 23 U S Rubber ... 52 51* 51% 51% Equipments— ... ..... Am Car & F 104 ... 104 103% Am Loco 109% •■ ■ , 198% 199 Am Stl Fd ~55% 54% 55* 54% Bald Loco 247* 224% 243% 246% Gen Elec 128* 128% 128% 246*% Lima 67 66% 67 64 N Y Air Bk 45% 45 45% 45 Pres Stl Car... 64 61% 63% 61% Pullman ... ... 152*% West Air B 188* 186 186 184 West Blec 86% 85% 85% 85*) Bethlehem 59 57% 58 56% Colo Fuel 87% ... 86* 87 Crucible 95% ... 94 94% Gulf St Stl 51*% 51 51% 50% Inland Stl 54% 54 54% 54 Phil R C & I .. 38* ... 38*4 38% Rep Stl 69% ... 69% 69 Sloss-Shef 125* U S Steel 136’% 135% 135% 135% Alloy 30’% ... *3o’% 30* Vanadium 49* ... 49% 48 Motors— Amer Bosch 19* ... 19* 19% Chandler 18% ... 18* 18*% Chrysler 55 ... 54*% 54% Cont Mot 11* ... 11 11 Dodge 17% ... 17* 17*4 Gabriel 58% 53 58 52% General Motors. 230% 228* 228 Vi 227% Hudson 89% 88 88 89* n 17% ... 17* 17% Mack 102% 99 100 100% Martin Parry ... 18 ... 18 18 Moon . . ... T Nash 79% 78% 79% 78* Packard 36% 36* 36% 36% Peerless 25 ... 25 25 Pierce Arrow 13*% Studebaker .. 53* 53*% 53% 53% Stewart Warner 63% ... 63 64% Timken 138*% ... 137% 137*% Willys-Overland. 18*% ... 17% 17% White Motor .... 40 39% 39* 39* Mining— Amer Sumat ...171* 170% 170’% 170% Anaconda 47% 47 47 47 Cer De Pas 62’% 62*% 62 * 62*% Inspir 20% 20* 20% 20 Int Nic 66’% 66* 66% 66 Kennec 69 68* 69 68 Tex G & S .... 67’% 67% 67% 67 U S Smelt 42 38% 52 38 Oils— Atl Refg 130’% 128*% 129’% 126*% Cal Pete 25% 24* 25* 34% Freeport Tex ... 77* 75% 7fi’% 75% Houston 155% 148*% 149 155 Indpt Oil 22% 21% 21% 21 Marland C 38* 36* 37 35% Mid C Pete 31’% 31* \ 31% 31*% P-Am P (B) 58*% 57% 57% 57% Phil Pete 46 ... 45*% 45% Union Oil 45 43% 44* 44% Pure Oil 28% 28 * 28 28* Royal Dutch .... 46% ... 46* 46*% Shell 28% 27* 28 28 Sinclair 18 17’% 18 17% Skelly 27’% 27% 27% 27% S. O. of Cal 57% 57 57 56% S. O. of N. J... 39*% 39 39*% 38% S. O. of N. Y.... 31% 31% 31% 31% Texas Cos 50% 49* 50* 50 Trans Pete 9% 8% B’% 8% White Eagle 12* Industrials— Adv Rumely ... 13 12 13 12* Allis Chaim 108% ... 108% 108% Allied Chem 160% ... 157 158* Armour (A) .... 9% ... 9% 9% Amer Can 61* 59% 60 10% Amer H L 10 Am H L pfd 65 Am Safety Razor 47% ... 47% 47% Am Woolen .... 21% ... 21% 21% Central L 15 Coco Cola 117% ... 117 117* Cont Can 75% ... 75% 77 Cert Prods 52 Dav Chem 30% ... 30* 30*4 Dupont 297% ... 295% 293 Famous Players 94* ... 94% 93% Gen Asohtl 77*% 77 77 75% Int C Engr 52% 50% 50* 51% Int Paper 59 58 58% 51* Int Harv 1.94% 193% 194% 192 May D Stores... 77 76% 76% 76% Mont Ward .... 70% 70 70 70 Nat Lead 112* Owen Bot 78 ... 76* 78% Radio 63% 61 61% 61* Real Silk 34 ... 33* 33*% Rem Type 44 43% 43% 43*% Sears-Roeb 68* 67* 67* 67% United Drg ....174*% ... 174% 175 Univ Pipe 31* 31 31% 31 U S C I P 229*% ... 229% 228% U S In A1 81% ... 81 81% Woolworth 169 166* 167% 165% Utilities— Am T to T 168% 168% 168% 160% Am Express 150*% ... 149% 148 Am W W 99 98% 99 98 Brklyn Man 54% Col Gs to E 1.... 96% 96% 96*. 96% Cons Gas Ill* 110*% 110% 110*% Interboro 37*% ... 37% 37*% No Am CO 47% 46* 47 49% Peoples G 149*% 149 149 148*% Phila Cos 105% S Gas to 71 62* ... 62 62 West Union 163 Shlnping— Am In Corp.... 51% 50% 51 50*% Am S to C 4 Atlantic G 36 In M M pfd 43% 42% 42* 42% United Fr 144% Foods— Am Sugar 89% ... 89% 89* A B Sugar 19 % Austin N 6* ... 6%. 6’% Beech N 56 ... 55* 55% Calif Pkg 65 64% 65 64*% Corn Prods .... 57*4 55* 56 55% Cuba C pfd 35* ... 35* 35 Cuba A Bug ... 22% 22% 22% 22% Fleischmann ... 60% 59% 59% 60% Jewel Tea 60*% Nat Biscuit 135 ... 134 134* Punta Ale 36% ... 36* 36 Postuqj ...114’% ... 113% 115 W Bk B 24% Tobaccos— Am Sums 62% .. 62’% 62* Am Tob 146% 146 146* 145 Am T B 146*% 145% 145% 145% Cons Cigars 82*% ... 82% 83* Gen Cigars .... 68* 68% 68% 68 Ligget 116% 116*% 116% 116% Lorllard 40* 39% 40 40*4 R J Rey 134% Tob P B 101% 100% 101% 101% Schulte R S 54 53’% 54 53*

Produce Markets

Butter (wholesale price) Creamery, best grade, a pound. 43045 c. Butterfat—Local dealers, 39@40c. Eggs—Stirctly fresh delivered at Indianapolis. 19®20c dozen. Poultry (buying prices—Hens. 18019 c: Leghorn hens. 13015 c; roosters, large. 10 @l2c; Leghorns and small. B@l2c; broilers, 2 lbs. up, 22023 c; Leghorns and smalls, 15018 c; turkeys, hens, 20c; young toms. 20c; old toms, 15@20c: ducks. 13@ 15c; geese, B@lo<p guineas, 35c. By United Press NEW YORK. Aug. s.—Flour—Steady and unchanged. Pork—Dull. Mess—s 33. Lard —Firm. Midwest 5p0t—512.55012.65. Sugar—Raw, firm, spot. 96 test held duty paid. [email protected]: refined, quiet; granulated, 5.65®5.80c. Coffee—Rio No. 7. on spot, 14*@14*c; Santos. No. 4. 18%@17c. Tallow—Dull: special to extra, 7%®7%c. Hay—Firm: No. 1. $1.25; No. 3. [email protected]. Clover—slol 10. Dressed poultry—Firm; turkeys. 20046 c; chickens, 20037 c; broilers, 22037 c; capons. 300 46c; fowls. 14®30c; ducks. 18022 c; Long Island ducks. 23 0 24c. Live poultry—Steady: geese, 12c; ducks. 120 24c; fowls. 18025 c; turkeys, 25c; roosters, 15c; broilers, 23 0 33c. CheeseSteady; state whole milk fancy to specials, 27%028%c; young Americas, fresh, 25® 25%c. Potatoes—Long Island, $2.25 0 3.50; Jersey. $2.7503.25- southern, $2.500 3.25. Sweet potatoes—Jersey, basket, sl@2; southern basket. [email protected]; southern, barrels, $3 0 8.50. Butter—Easy; receipts, 16,800; creamery, extras. 40%c; special market, 41®41%c. Eggs—Firmer; receipts. 13,842; nearby white fancy. 39 0 41c; nearby state whites, 28 0 38c; fresh firsts, 25®:26%c; Pacific coasts, 29 0 37c; - western whites, 26@32c; nearby browns, 33 @ 38c. By United PressCLEVELAND, Aug. s.—Butter, extra ln tnubs, 42% 044%c; firsts, 39%@40%c; seconds, 38%@37%c; packing stock, 28c. Eggs—Extra, 31c; extra firsts, 29c; firsts, 24%@25c; ordinary, 23c. Poultry—Fowls, 23 0 24c Leghorn fowls, 'lB 020 c; heavy springers. 280 30c; Leghorn broilers, 23® 25c; roosters, 16@17c; ducks, 20022 c. Potatoes—Vleginia, in barrels. [email protected]. By United Press CHICAGO. Aug. s.—Butter—Receipts, 11.807; creameries. 37%®38%c; standards. 38c; firsts, 36®36%c; seconds, 34®35c; extras, 39 %c. Eggs—Receipts. 9,611; ordinaries. 21023 c; firsts, 25 0 26c; seconds, 20021 c; extras, 26%c. Cheese—Twins, 23c; young Americas, 23%c. Poultry—Receipts, 7 cars; fowls. 22c: springs, 27c; ducks. 19 @ 23c; geese, 13019 c; turkeys, 20c; roosters, 14%c; broilers. 24c. Potatoes—Arrivals, 83 cars; on track, 155; ln transit, 630: Virginia barrels Irish cobblers. $404.15; Kansas and Missouri sacked Irish cobblers, $1.9002.05.

LIGHT PORKERS ADVANCE 15 TO 20 CENTS HERE Other Hogs Remain About Steady—Calves and Lambs Go Higher. —Hog Price Range— July Bulk. Top. Receipts. 29. [email protected] 11.25 5,000 30. [email protected] 11.40 4,500 T- [email protected] 11.25 6.500 2. 9.75® 11.00 11.00 10.000 3. 9.50® 10.90 11.00 7.000 4. [email protected] 11.00 5,000 5. [email protected] 11.25 5.000 Hogs weighing 225 pounds and downward sold at the Union Stockyards today at prices 15 to 25 cents higher on the hundredweight. The market on these was active. At the same time other material was slow, remaining generally steady. Estimated receipts were 5,000 and 1,402 were held over from Thursday’s run. The new top figure was $11.25 and improvement of 25 cents over the previous mark, which was established Tuesday. Most sales were at [email protected]. Indianapolis trade had an edge on the Chicago market, which was generally 10 to 15 cents advanced. Hog Price Range Meat animals in the 160-200 pound class sold at $10.90?? 11.15, some top lights bringing $11.25; 200-225 pounds, [email protected]; 225-250 pounds, [email protected]; 250-300 pounds, [email protected], and 300 pounds up, $8.50 @9. Pigs went at $9.50 down and packing sows, $7.25 @B. In the cattle department slaughter classes were steady and others weak. Receipts approximated 700. Beef steers sold at [email protected]; beef cows, [email protected]; low cutters and cutter cows, $4.25 @5.50; bulk stock and feeder steers, [email protected]. Shows Strength Calves turned strong, with offerings amounting to about 600. Best vealers brought $14.50, other grades selling downward from sl4 mostly. Lambs were 50 cents higher on an active market. Top fat lambs went at $13.50; bulk fat lambs, $12.50® 13.50; bulk cull lambs, $7.50@10, and fat ewes, $5 @6.50. —Hog*— Receipts. 5,000; market steady to higher 90-130 lbs $8.50® 9.50 120-160 lbs 9.50011.00 160-200 lbs •. '[email protected] 200-250 lbs 9.50® 11.00 250 lbs. up 8.50® 9.75 CattleReceipts, 900; market steady. Beef steers $10.06 0 12.50 Bulk stock and feeder steers.. 7.25(5) 8.25 Beef cows 6.50® 8.50 Low cutters and cutter cows.. 4.25® 5.50 —Calves— Receipts, 600; market strong. Beef steers $10.25013.10 Heavy calves [email protected] —Sheen and Lambs— Receipts, 1,300; market higher. Top fat lambs $13.50 Bulk fat lambs 12.50® 13.50 Bulk cull lambs 7.50® 10.00 Fat ewes 5.000 6.50 Other Livestock By Times Special LOUISVILLE. Aug. s.—Hogs—Receipts. 900; market. 15c higher; tops. $10.90. Cattle—Receipts. 200: market, steady. Calves —Receipts. 500: market, steady; good to choice. $10.50® 12.50: medium to good, 58.50 @10.50; outs. $8.50 down. Sheep—Receipts,' 1.400; market, steady; mixed lambs, 312.75; ewes and wethers. $13.25; seconds, $8; sheep, [email protected]. By United Press CLEVELAND, Aug. s.—Hogs—Receipts, 1.300; market. 10®25c higher; 250-350 lbs., $8.50®9.85: 200-250 lbs.. [email protected]; 160200 lbs., [email protected]; 130-160 lhs„ $11.50 @11.75; 90-130 lbs., [email protected]: packing sows. $7.50@8. Cattle—Receipts, 50: carves, receipts, 100: market, steady; beef steers. $8(39.50; light yearling steers and heifers, beef cows. 56W7.75; low cutter and cutter cows. $4.50 0 5.75; vealers, $14016. Sheep—Receipts, 200; market, steady; top fat lambs, sl3; bulk fat lambs. $12.75(313; bulk cull lambs, $9010.50; bulk fat ewes. $4.50@7. By United Press EAST BUFFALO. Aug. s.—Hogs—Receipts. 1,900; holdovers, 1.516: market, mostly 15c to 25c higher: 210-350 lbs.. s9®’ 11; 200-250 lbs.. $10.50(3 11.65; 160-200 Tbs.. $11.25011.75; 130-160 lbs., $11.25011.75; 90-130 lbs., $11.25® 11.65; packing sows, $7.7508.25. Cattle—Receipts. 150: calves, receipts, 800:* market, steady, vealers, 50c higher; vealers. $15.50@16. Sheep—Receipts, 400; market slow, steady; top fat lambs, sl4; bulk cull lambs. SI6STI; bulk fat ewes, $5.50@7. By United Press CHICAGO, Aug. s.—Hogs—(Soft or oily hogs and roasting pigs excluded* Receipts, 14,000; market, unevenly 10® 25c higher; heavyweight. 250-350 lbs., medium to choice. $9.35011; lightweight. 160-200 lbs., common choice, $8.75@11; light lights. 130160 lbs., common to choice. $9.25010.90: packing sows, smooth and rough. $7.25® 8.40: slaughter pigs. 90-130 lbs., medium to choice, $8.75 0 10.50. Slaughter Cattle and Calves—Steers. 1.500 lbs. up. good and choice, $7.75014.60: steers. 1100-4500 lbs., choice, [email protected]; good, $11013.75; steers, 1100 lbs. down, choice $13@14; good. $10.50013.40- bmedlum, [email protected]; common, $708.75; light yearling steers and heifers, good ana choice, 850 lbs. down. [email protected]; heifers, good and choice. 850 lbs. up. $8.50®12; common and medium all weights, $6.750 9.85; cows, good and choice, $6.6509.65; common and medium, $5.50® 6.65; low cutter-cutter. $4.6505.50. Calves —Medium to choice. $7.76 @10; vealers. cull to choice, $7015; feeder and stock cattle, steers common to choice. $6.50@9 50. Slaughter sheep and lambs—Lambs, light and handywelghts, 92 lbs. down, medium to ehoice, $12.25014.35; cull and common all weights. s9@ 12.25; ewes, medium to choice. [email protected]; cull and common, $1.50(3! $5. Feeding lambs—(Range stocki feeding lambs; medium to choice, $11.50. By United Press TOLEDO. Aug. s.—Hogs—Receipts, 300; market, 100 25c up; heavies, $8.50 0 9.50mediums. $10.50011: Yorkers. $116311.40good pigs, $10.25010 75. Cattle—Receipts. 100; market, steady. Calves—Receipts, light; market, steady. Sheep and lambs— Receipts, light; market, steady. EAST ST. LOUIS, Aug. s—Hogs—Receipts. 10,500; holdovers, 5,000; market. 15025 c up; 250-350 lbs., $8.6(09 75; 200250 lbs.. $9.50® 11.10: 160-200 lbs.." $10.90® lbs v *10011.25; 90-130 lbs., $9.50010 75; packing sows. $7.2507.75. Cattle—Receipts, 1,000. Calves—Receipts Cattle—Receipts. 1.000; calves. 600; mar•Fet. steers nominally steady; beef steers. $11012.50; light yearling steers and heifers. [email protected]; beef cows. $5.75 0 6.75; low cutter and cutter cows, $4.25@5vealers, sl4; heavy calves. [email protected]; bulk stock and feeder steers, $6.650 8.15. Sheep —Receipts. 1.200: market, steadv to 25c up: top fat lambs. $13.25; bulk .at lambs, [email protected]; bulk wall lambs. $8.50; bulk fat ewes, $4.50 0 5.50. By United Press PITTSBURGH. Aug. s.—Hogs—Receipts, I, market active, steady to 25c higher; 250-350 lbs., $9.75010.75; 200-250 lbs., $10.75011.15; 160-200 lbs.. $11.15011.75; 130-160 lbs., $10.75011.15; 90-130 lbs., $10.75® 11; packing sows. $7.50 08. Cattle —Receipts, 13; calves, receipts. 175; market steady to 50c higher: beef steers. $10.50 0 12.15; vealers. $13.50 0 15.50. Sheep —Receipts, 205; market very slow and steady; top fat lambs, $13.75, bulk cull lambs, $8010.50. By United Press CINCINNATI, Aug. 6.—Hogs—Receipts, 3.200: holdevers 1.987; market steadv to 15@25c up; 250-350 lbs., $8.50@10; 206-250 lbs.. $10012; 160-200 lbs., $11011.25; 130160 lbs., $10.25011.25; 90-130 lb*., s7@ 10.50: packing sows, $6.75® 7.50. CattleReceipts, 5,000; calves—Receipts, 400; market mostly 25c up; beef steers. $9.50® 12: light yearling steers and heifers, $8.50® 11. beef cows. [email protected]; low cutter and cutter cows. $4.25 0 5.50:: vealers. $12014; bulk stock nd feeder steers, SBO9. Sheep —Receipts. 1,900; market strong to 25c up on top fat lambs. $14.25; bulk fat lambs, $12014; bulk cull lambs, $709; bulk fat ewes, $4.50 06.50. Asks Abandonment By United Press WASHINGTON, Aug. 5. The Louisville & Nashville Railroad today asked the Interstate Commerce Commission for authority to abandon six miles of its Acton branch near Helena, Ala.

THE INDIANAPOLIS TIMES

Indianapolis Stocks

—Aug. 5 - —Stocks — Bid. Ask. Amer Central Life 550 ... Amer Creoaotlng Cos pfd 101 105 Belt R R com 6b,. 69 Belt R R pfd 58 Cent Ind Power Cos pfd 93 Cities Service Cos com 46* ... Cities Service pfd 87% ... Citizens Gas Cos com 55 Citizens Gas Cos pfd 106 ... Commonwealth Loan Cos pfd... 100 Equitable Securities Cos com.. 51 ... Hook Drug Cos com 29% ... Indiana Hotel com 125 Indiana Hotel pfd 101 Ind Service Corp pfd ....... 87 96 Indianapolis Gas com 60 Indpls to Northwestern pfd... 53 ... Indpls P * L 6%s pfd 98% 100 Indpls P to L 7s pfd 96 100 Indpls Pub Wei Ln Assn 47% Indianapolis St Ry pfd 33 39% 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 com 23% ... Raun Fertilizer pfd 50 Real Silk Hosiery pfd T H I & E com 2 ... T H I to E pfd 24 29 T H Trac to Lt Cos pfd 95 97 Union Trac of Ind com * Union Trac of Ind Ist pfd Union Trac of Ind 2d pfd 2 Union Title Cos com 94 Van Camp Pack Cos pfd 5 ... Van Camp Prod Ist pfd 90 98 Van Camp Prod 2nd pfd 93 —Bank Stocks— Aetna Trust and Sav Cos 118 Bankers Trust Cos 132 ... City Trust Cos 150 Continental National 118 Farmers Trust Cos 240 Fidelity Trust Cos 162 Fletcher American I'll ... Fletcher Sav and Trust Cos 280 Indiana National Bank 262 267 Indiana Trust Cos 230 250 Livestock Ex Bank 162 172 Marlon County Bank 210 Merchants Nat Bank 325 Peoples State Bank 200 Security Trust Cos 275 State Savings and Trust 74*,4 84* Union Trust Company 460 Wash Bank and Trust Cos 160 —Bonds— Belt R R and Stockyards 45... 90 Broad Ripple 5s 80* ... Central Indiana Gas 6s 98 Cent Ind Power Cos 6s 103 Chi S Bend to N Ind 5s 20 Citizen Gas Cos 5s 103 ... Citizens St RR 5s 86% 88 Gary St Ry 5s 89 91 Home T to T of Ft W 6s 103 Indiana Hotel 5s 100 Indiana Northern 5s 2 Ind Rv and Lt 5s 95 Ind Service Corp 5s 92% ... Ind Union Trac 5s 3 ... Indpls Col to So 6s 99 101 Tndpls Gas Cos 5s 100 Indpls to Martinsville 6s 81 Indpls Northern 5s 21 24 Indpls to Northwestern 55.... 81 Indpls Power and Lt C> 55.. 97* 98 Indpls St Ry 4s 67% 70 Indpls Trac and Term 5s ... 95* 96* Indpls Union Ry 5s 101 Indpls Water s*%s 104 Indpls Water Ist 5s 99 Indpls Water 4%s 96 Indpls Water Wk Sec Cos 65.. 98 101 Interstate Pub S 6s 10*,. Interstate Pub S Bs 6*%s 105% ... N Ind Pub Serv Cos 5s 96 T H I to E 5s 86% ... T H Trac and Light 5s 99 Union Trac of Ind 6s 15% 16% —Liberty Bonds—--Ist 3*%s 100.90 101.20 Ist 4*s 103.10 103.36 2d 4Vs ..: 100.20 100.40 3d 4* s 100.90 101.16 4th 4*ls 103.96 104.14 U S Tr 4*s 113.34 113.54 U S Tr 4s L 108.48 108.64 US Tr 3%s I 105.70 105.90 USTr 3 *%s ! 100.04 100.20 U S Tr 3*s 100.00 100.24

Local Wagon Wheat

Local grain elevators are paying $1.23 for No. 2 red wheal. Other graaes are purchased on their merits THREE PERSONS HURT IN AUTO ACCIDENTS Driver of Car Is Charged With Reckless Driving. Three persons were injured in auto accidents Thursday night. An auto driven by Frank Cly, 21, of 1404 Central Ave., was sideswiped by an auto driven by George Van Pelt, 28, of 517 W. Morris St„ at Michigan Rd. and Sixty-First St. Mrs. Cly was knocked uncfonscious and cut and bruised. Van Pelt was charged with reckless driving. Mrs. Eula Carbon, Negro, 31, of Anderson, Ind., had one leg broken when her auto turned over east of the city. She was taken to city hospital. While hurrying to board a street car, William Burgess, 27, of 43 S. Catherwood St., was struck by an auto at Washington and Catherwood Sts., driven by Shirley Wilis, 1608 S. Randolph St. He was taken to the city hospital. CITY WPLOYES MEET Fifty Attend Social Gathering at Garfield Park. Fifty city employes held a social meeting in the community house of Garfield Park Thursday evening. The affair, attended by members of the employes’ families, was free of political discussions. Boynton J. Moore, Millard Ferguson, Dr. Austin H. Todd and Otis E. Bartholomew, city councilmen, made talks. Frank Houghan, deputy building inspector, presided.

YAQUIS WOUND MINER American Shot in Encounter Near Sonora, Mexico. WASHINGTON, Aug. 5.-—Joe A. Kendrick, American citizen, was shot in the knee in an encounter with Yaqui Indians near Tecoripa, Sonora, the night of July 31, according to State Department advices today. One Mexican was killed. Kendrick was reported not in danger. He was employed by the Guadaloupe Mining Company of Texas. . PLAN MATLOCK REUNION Twenty-Fifth Annual Family Gathering to Be Held Sunday. The Matlock families will hold their Jwenty-flfth annual reunion Sundsiy at Garfield Park. Officers of the Matlock organization are: George Matlock, Greenfield, R. R. No. 1, president, and Mrs. Harry Matlock, Kokomo, secretary-treas-urer. An all-day gathering is planned. HOLD 4'AS GAMBLERS Police Break Up Dice Game Under Kingan’s Bridge. Four men, who, police said, were shooting “craps” under Kingan’s bridge over White River, were held today on gambling charges. They gave their names as Boisy Hunt, 36, Negro, 418 Blake St.; Lee Gaddis, 26, Negro, 1070 Holburn St.; Frank Rice, 25, 432 E. Ohio St., and Virgil Fredrick, 18, 922 Coffey St. First Santa Claus Letter Mailed ROCKFORD, 111., Aug. s.—The first letter of the year addressed to Santa Claus has been received by the postoffice here.

ERRATIC MOVES MARK SESSION IN GRAINTRADE Wheat Only Cereal to Drop, Corn and Oats Closing at Higher Prices. By United Press CHICAGO, Aug. s.—Prices moved erratically in the grain pits at today’s session on the Chicago Board of Trade. Wheat closed % to % cents lower than the previous close; corn, VA to 1% cents higher, and oats 1% to 1% cents up. Wheat was lower at the opening and moved up and down all session, but did not advance over the previous close at any time. Export business was reported at 1,250,000 bushels overnight and Liverpool was stronger, but neither had much effect here. Black rust reports were not much credited. Receipts were 454 cars. Local long sold their lines at noon with commission house taking the offerings. Corn was generally higher all day, although the March future was down most of the session. Cool weather continued in the belt, and there was no rain reported. The cash market was *% cent up. Receipts were 103 cars. Oats were firm all session. Receipts were 88 cars. Provisions closed unchanged. Chicago Grain Table WHEAT— AUB ‘ * ~ Prev. Open. High. Low. Close, close. Sept.. 1.38* 1.38* 1.37% 1.37% 1.38% Dec 1.42* 1.42% 1.41% 1.41% 1.42* j Mar.. 1.45* 1.45% 1.44% 1.44% 1.45* CORN— Sept.. 1.07% I.oß* 1.07 1.08 1.06* Dec. 1.09% 1.11% 1.09% I.ll* 1.09% Mar.. 1.13% 1.14 1.12 1.14 1.12% OATS— Sept.. .45% .47% .45* .47 45* Dec.. .48* .50*/, .48 * .49% :48* Mar. .50% .52% .80* .52', .50% LARD— Sept. 12.47 12.50 12.42 12.42 12.47 Oct. 12.60 12.62 12.52 12.55 12.57 Jan. 12.72 12.72 12.50 12.70 12.75 1 ' 75 11#0 11 80 11 80 11 70 Sept . .92* .92% .91% .91% 92 Dec.. .96 .96% .95% .95% 95% Mar.. .99% 1.00 .99* .99% 100* By Times Special CHICAGO, Aug. s.—Brimary receipts— Wheat. 3.216,000 against 2.954,000; corn, 546.000 against 525.000; oats. 532,000 against 437,000. Shipments—Wheat. 1.310.000 against 1.213.000; corn. 495,000 against 589,000; oats. 179,000 against 180,000. By Tim>s Special CHICAGO. Aug. s.—Carlots: Wheat, 298; corn, 65; oats. 90; rye. 0. By United Press TOLEDO. Aug. s—Close; Wheat—No. 2. $1.36® 1.37. Corn—No. 3. $1.10%@1.11%. Rye—No. 2. sl. Oats—No. 2. 49%®50%c. Clover—Cash. Imported. $13.75; October. $17.75; December, $17.50; December. Imported. $14.75. Timothy—Cash. $2.30; October. $2.30. Alsike—August. $15.50; December. $15.50; January, $15.50. Butter—--42@45c. Eggs—23® 25c. Hay—s2s. By United Press CHICAGO. Aug. s.—Cash Grain—Wheat. No. 1 red. $1.38: No. 2. $1.37%® 1.38: No. 3, $1.36%® 1.37*: No. 1 hard. $1.37%®> 1.38%: No. 2. $1.37%M.38%; No. 3. $1.36% 01-31%. Corn—No. 2 vellow, sl.oß® No. 3. $1.05%® 1.06%; No. 4. $1.03%@1.04%: No. 5. $1.01®W)2%; No. 6 No - 3 mixed. $1.04%; No. 4. $1.0201.02%; No. 5. $1.01%; No. 6. mixed, sl. Corn—No. 2 white. $1.07%; No. 3. JJ JJJVi®!; 06 *: No. 4. $1.030 1.03%: No. 5. $1.00%: No. 6, $1; sg., 960 97c. Oats—No. •white. 46® 47*c; No. 3 . 44047 c; No. 4. 39%®43c. Barley—7o® 82c. Rye—No. 1. 95% 096 c; No. 2. 95*@96c: No. 3.94 c. Timothy—s4o4.2s. Clover—s2o® 30.

Commission Row

PRICE TO RETAILERS . , FRUITS Apples Box apples—Wlnesap. $3.50. Basket apples MO Ibs.l. Ben Davis. $1.50. New apples—Transparents, 40 lbs.. $38>3.50: Duchess. $2,500/3. Apricots—California. $3 crate. Bananas—4@sc lb Blackberries—24-qt. crate. $4. Cantaloupe—Arizona standard crates. $3.75f4; flat crates. sl.so(fi) 1.75. Cherries—California, $4.50 (15 lbs.). Dewberries—s3.so 16 qts. Grapes—California, $4.50 crate; Malagas, | $4.50 crate. Orapefruit—California. $4.50 crate. Honeydew Melons—s 2 crate. Huckleberries—Virginia. $3 fifteen lbs. Lemons—California. sß®9. Limes—California. $3 per hundred. Oranges—California Valencias. crate. $53>8.50. Peaches—Elbertas. $4.75 bu. Pears—California, $4. Pineapples—Cuban, $333.50. Plums—California, [email protected] crate. Raspberries—Black, 24 pts., $3.25; red, $4.00. Watermelons—Georgia, average 30 lbs.. 75c. VEGETABLES Beans—Stringless, $2.50(32.75 hamper. Beets—H. G., 35c doz. Cabbage—H. G., $2 bbl. Carrotts—H. G., 40c doz.; bulk. $1.50 bu. Cauliflower—H. G.. $2.25 crate. Celery—Michigan, Highball, $1.25 crate. Corn—Kentucky. 30c dozen.Cucumbers—Hothouse. $1.25 doa. Eggplant—H. 0.. $3 doz. Garlic—California, 20c lb. Kale—H. G.. 75c bu. Lettuce—California, head, [email protected] crate; H. G. leaf, 15 lbs.. 75c. Mangoes—Louisiana. $2 hamper. Okra—Tennessee. $1.25 basket. Onions—Spanish, [email protected] crate; H. O. green, 45c doz.: H. O. white Bermuda. $3 u.: H. G. yellow Bermudas. $1.90 bu.; Walla Walla ylelow, 100 lbs., $3.50. Parsley—H. G., 50c dozen. Peas—H. G.. 50 lbs., $7. Potatoes—Virginia Cobblers. $4.00 bbl.; Kentucky Cobblers. $3.50 150 lbs. Radishes—H. G., white. 40<350c; red. 40 <3soc; H. G. buttons, 75c dozen. Sweet Potatoes—Alabama. $2 hamper. Spinach—H. G.. 90c bu. Tomatoes—H. G. hothouse, 10 lbs.. 75c@ $1; Indiana Climax. 20 lbs.. sl® 1.25. /Chicago Commission Mart Hil United Press CHICAGO, Aug. s.—Berries: Dewberries, $2Cu2.25 per 16 qts.; black raspberries, $23 2.50 per 24 qts.: gooseberries. $232.50 per 16 qts.; red raspberries, $333.50 per 24 Ets. Green fruits: Apples. $232.75 per u.; cantaloupes, $3(3 3.50 per crate- cherries. $333.50 per 16 qts.; grapes. 30335 c per basket- peaches, $3,503.4 per bu.; pears, )23;2.50 per bu. LINDY’S VISIT SWELLS MAIL FOR POSTMASTER Little Crippled Girl Wants Way to Get to See Hero. Col. Charles Lindbergh’s trip to Indianapolis Aug. 9 has resulted in a flood of correspondence for PostmasteV Robert H. Bryson. Several requests have been made for the postmaster to mail stamped and addressed envelopes by air mall the day Lindbergh is here, the stamps being desired as momentos. A. A. Lewis, Syracuse, N. Y., inclosed three stamped, addressed letters to himself to be mailed by the postmaster Tuesday. Another such request was from Anthony Cormier, Detroit. Bryson today received this letter from Bertha Cohen, 330 N. Fulton St.: “I am a little crippled girl and I don’t get to go out very much and I would like to get to see Lindy so much. I wish you would find some way so I get to go. With love to Lindy.” Bryson explained that hundreds of requests have been received from children asking to be taken to see Lindbergh. *

Tax Refund Claim Application Tax Refund Claim Department, Indianapolis Times. Will you kindlv prepare my Horizontal Tax Increase REFUND claim from the following information? Lot Number Addition Township • Name of individual or company appearing on 1919 tax receipt Name of individual or company appearing on 1920 tax receipt Name of Individual or company appearing on 1921 tax receipt .... When my claim is ready you can call me at this telephone I am a subscriber of The Indianapolis Times. Name of Claimant Address *1

Government Establishes Period of Easy Money

Should Boost General Business, Aid Farmers’ Crop Moving Season. By United Press WASHINGTON, Aug. 5. The Government has established an ‘‘easy money” period to stimulate general business and aid farmers at the crop moving season. Federal Reservee Banks at New York, Boston, Kansas City and St. Louis have reduced their rediscount rate to 3Vk per cent on all classes of paper. Similar cuts are expected in other Federal Reserve districts. Treasury officials said today that the lower money rate would bea great boon to farmers, who failed to keep pace with other businesses in post-war reconstruction. The lower rediscount rate assures better terms when borrowing mney. There has been an unusual business complex during the first half of 1927, it was pointed out. Manufacture, production, mining, investments, big dividends and insurance have nicreased.) At the same time commercial failures have been 36 per cent more than in the first half of 1926. The lower rediscount rate will prove a factor in rehabilitating the flood - swept Misisssippi valley. Money borrowed for reconstruction work and agriculture purposes will be freer and cheaper. The Government also stands to profit by the easier money market. The reduction gives the treasury an advantage in retiring the 4% per cent second Liberty Loan bonds which have been called in, and also will be advantageous in retiring the $2,147,000,000 of third Liberty Loan bonds which mature next year. It was also pointed out the reduction Was partly aimed to give wider use to American gold abroad, as the English rediscount rate is 1 per cent higher. Government statistics, however, show clearly that gold continues to flow to the United States despite the disparity in rates.

THE CITY IN BRIEF

SATURDAY EVENTS Women of the Ku-Klux Klan national meeting. Tomlinson Hall, all day. Klan parade through downtown streets, evening. Beta Theta Pi luncheon. Board of Tnde. Sigma Alpha Epsilon luncheon. Chamber of Commerce. Padlock proceedings to close a two-story brick building at 310 W. Washington St., occupied by Augustus Guiffre as a fruit and confectionary store were filed in Federal Court. The building is owned by Abe and Anna Borinstein. Guiffre was arrested several days ago by Federal agents on liquor charges. The State Florists’ Association of Indiana will have a picnic for members at Walnut Gardens, thirteen miles southwest of the city, Tuesday. Picnickers should bring enough food for two meals and be at the gardens at 11 a. m., it was announced. Junior Chamber of Commerce members, their families and friends wil hold an outing and picnic at Worrell’s country place, Clayton Ind., Saturday afternoon and evening. An auto caravan will leave the Chamber of Commerce Bldg, at 2 p. m. Saturday. Five men representing themselves as board of health inspectors ransacked his house Wednesday night, but took nothing, James Hollingsworth, 438 Mechanic St., reported to police today. G. 0. P. RECORD TIERCE’ National Party Chairman Says Indiana Is Disgraced.^ “The Republican party has & record that has brought shame to our fair State, and the Democratic party is hopeless,” John Zahnd, national chairman of the National party wrote in a letter to party officials. The letter contained notice of the election of State officers of the party for Indiana. Zahnd recomfnended Edward W. Clark of the Clark Printing Company of Indianapolis, as chairman and Dr. Elva C. Kihg of Corydon, Ind., as secretary. He urged careful consideration of State efflee nominees for 1928. Candidates under consideration for Go /- emor are James H. McGill, Valparaiso manufacturer; H. Earl Brown, Franklin attorney; E. Howard Cadle, and William P. Hapgood of National Conserve Company, both of Indianapolis. HORSE STOLEN BY NEGRO Charles Randell, manager of the Holt Ice and Storage Company, North St. and the canal, reported a horse and wagon was stolen from the yards by a Negfo Thursday. Both horse and wagon are still missing.

Can 9 t Gaze If E. C. Spann, 2311 N. Gale St., is a crystal gazer, he was without his chief helpmate, police said today. Spann, rooming at 606 N. Delaware St., said his room was entered and a suit case which contained his prized treasure, a crystal ball three and a half inches in diameter and valued at $25, was stolen.

OWENS VALLEY RANCHERS IRKED Five Banks Fail and* Reprisal Move Feared. Bu United Press LOS ANGELES, Aug. s.—Guards along the Los Angeles aqueduct were redoubled today as a prffcaution against feared reprisals of Owens Valley ranchers, many of whom were reported to have lost their savings with the failures of five Owens Valley banks. The failures were blamed on the "ruinous” actions of Los Angeles water department officials who, according to the ranchers, rob them of water for growing crops. The giant aqueduct has been dynamited several times supposedly by ranchers who sought to divert the water to their irrigation ditches rather than to see it flow on to Los Angeles, where it sustains a million lives. Los Angeles officials denied that the policy of the water commission had caused the failure of the banks. Los Angeles water officials have been subpoenaed to appear before the Inyo County grand jury which convenes Aug. 9.

MAILERS IN SESSION Committees Named as Union Convention Opens. Committee appointments featured opening session of twenty-fourth annual international convention of Mailers’ Union today at the Elks Club. The Mailers’ organization is affiliated with International Typographical Union, which will convene here Monday and Mailers’ convention delegates will serve at both conventions. A. S. Nance, Atlanta, Ga., postal committee chairman, was to submit a report on proposal for reconsideration of a request to have Congress restore postal rates of 1920 on all second class mail matter. BISHOP SMITH IN CITY The Rt. Rev. Alphonse Smith, former Indianapolis priesJ,, now Bishop at Nashville, Tenn., w*s in the city today, the guest of the Rt. Rev. Bishop Chartrand, SS. Peter and Paul Cathedral. Bishop Smith will leave tonight for Nashville. AMUSEMENTS MilgET’Zl | THE STUART WUI(EB WNWNT 5 | DAVIS MORms I W. jJ^rsrtat/nrooG m/ssm x vlf,„, earner yaasrea arearaaa 7\ #a /rear coataar x 1 ENGLISH’S 1? BERKELL PLAYERS “PIGS” MAT., U'EC-THIR— S(4T. NEXT WEEK—“STOP THIEF” MOTION PICTURES JOHN GILBERT RENEE ADOREE ESTEL TAYLOR 'Monte Cristo’

AUG. 5,192 T

WOMAN SLAIN IN NEW YORK SUBWAY DEPOT Scene of Crime Deep Under City Hall Square; Trains’ Roar Hides Shot. By United Press NEW YORK, Aug. 5.—A young woman was murdered today in the B. M. T. subway station at city hall. She was believed to be Mrs. Emma Weigand, about 27 years old, of Brooklyn. The scene of the unusual crime was in one of the busiest parts of New York, deep under City Hall Square. Because of the roar of passing trains, the shot that killed her was heard by no one. The crime was discovered by Miss Sarah Lipschitz, also of Brooklyn, when she entered the woman’s room to wash her hands. She noticed a woman's feet under one of the half-doors of a compartment and her curiosity was aroused. As she came closer to investigate, she saw in the polished marble floor outside the reflection of a body, crumpled up. Finds Body in Washroom Miss Lipschitz opened the and screamed. The victim lay with blood running from a bullet wound in the chest. Police abandoned any theory of suicide, as no weapon was found near the body. They were informed a tall man was seen running up the steps to the Woolworth Bldg, at the end of the station platform, soon after the murder was believed Uv have taken place. His conduct was so unusual that several persons, accustomed to seeing people hurry from subway stations, noticed him. Name Found on Ticket The name of Mrs. Emma Weigand was found on a commutation ticket of York Central in the dead woman's handbag. Medical examiner Gonzalez, after examining body, said death was instantaneous. No powder marks were found, indicating that the woman had not been a suicide. Police headquarters announced that Mrs. Emma Weigand. accompanied by a daughter, Dorothea, had visited tonsilitis hospital Wednesday, to see another daughter, Clara, who had her tonsils removed. Detectives said they were almost certain that the body was that of the woman, and not that of either of the daughters, because she apparently was close to 30 years old. Detectives said blood stains showed she had been shot in the | first booth of the rest room and dragged to the third booth, where her body was found. Apparently someone had tried to mop up tfl stains in the first booth. MOTION PICTURES

AT THE COOL INDIANA 7 REASONS TO COME THIS WEEK 1 RAYMOND GRIFFITH “Time to Love” Hl* Latent and Hrot 2 “Kid Days” PAUL OM'ARD’ft PEPPY, ZIPPY REVI'E 3 “Friers Favoritrs” KTOLAPKVSKY Conducting 4 “Pact and Peasant” HAROLD RAMSAY At the Bnrton 5 'M3 Heid lb;rg” lon’ll Love It 6 INDIANA NEWS Livest News Reel 1 7 ADDED ATTRACTION REFRIGERATING PLANT TEMPERS THE TEMPERATURE COME or Ito 6 *"■•*2 11 tO 1 C* JC i | (),. DIE Lt'XK -I :l(l qI lb 7:L"> ft:ls SHOWS: 1 J I J LjsfvH H q COON-PANDERS ORIGINAL Kansas City 5 Night Hawks h The B and That Made Radio Famous LEWIS STONE ) /tNNA Q. NILSSON “Lonesome Ladies” t A First Rational Picture $; COLLEGIAN CHAT-FABLE-NEWS [ COMING SUNDAY j The mighty Ultra-Modern sea-stirring <JMusic [ dramatic — by "Captain PAUL Salvation” SPECHT E 1