Indianapolis Times, Volume 39, Number 76, Indianapolis, Marion County, 8 August 1927 — Page 12
PAGE 12
HEAVY SELLINC BRINGS DECLINE . IN STOCK LIST Bears Raid Ali Sectors as Steel and General MotoTs Bear Brunt; Cotton Up.
Average Stock Prices
Average of twenty industrials Friday was 182.87, oft 1.77. average of twenty rails was 140.12, oft 1.58. Average of forty bonds was 97.67, up .11. NEW YORK, Aug. B.—Further heavy selling forced prices down in all sections of the stock market today after the list had shown renewed strength in early dealings. General Motors and United States Steel bore the brunt of the decline which spread to such issues as Atchison and other standard rails, Du Pont, American Smelting, American Can, Allied Chemical. Toward the end of the afternoon a recovery set in as traders sought to pick up bargains of the decline. However, professionals operating for the decline threw large blocks of stock on the market and kept down prices. Trading slowed down following the first wave of selling, transactions running under the pace of last Saturday. While the stock market was being subjected to pressure cotton prices soared over $9 a bale and trading quieted down because of a shortage of contracts. The Government indicated yield figure * far under expectations brought on the buying wave. Describing the market, the Wall Street Journal’s financial review said: Stocks today experienced the most expensive corrective movement witnessed since the start of the upswing which proceeded almost perpendicularly from the middle of June to the end of July. In most quarters the reason advanced for the setback was the introduction of politics into the stock market by the Coolidge statement. Many people believed that the President’s action injected uncertainties fAm which the financial situation had been singularly free since Coolidge’s inauguration. However, Wall Street was not free from the feeling that this factor was susceptible to over-emphasis. Undoubtedly the market stood in need of technical correction after its remarkable rise. Mr. Coolidge’s announcement provided a pretext for a reaction'which might well have developed from internal conditions in the speculative structure.
Banks and Exchange
Loeal bank clearings today were $4,274,000; debits, $7,364,000. NEW YORK BANK CLEARINGS NEW YORK. Aug. B.—Bank clearings, $461,000,000; clearing house balance, $87,000,000. FOREIGN EXCHANGE By United Press NEW YORK, Aug. B.—Foreign exchange onened higher. Sterling, demand, $4.85%; francs, 3.91%c; lira, 5.43V2; belga, 13.90 c; marks, 23.70 c. SIX FIRMS ANNOUNCE NEW RADIATOR COMBINE By Times Special NEW YORK, Aug. B—Merger of six of the leading companies in the radiator industry was announced today. The new corporation, the National Radiator Corporation, will be the second largest in the industry. The companies involved in the merger include the National Radiator Company, the Niagara Radiator & Boiler Company, Continental Heater Corporation, Utica Heater Company, Union Radiator Company and Gurney Heater Manufacturing Company. The new corporation will own ten plants, two of which are located at Johnstown, Pa., two at New Castle, Pa., and one each at Trenton, N. J., Utica, Dunkirk and North Tonawanda, N. Y., Framingham, Mass., and Chicago, 111. They will have a total annual capacity, upon complete installation of anew radiator plant at New Castle, of approximately 60,000,000 square feet of radiating surface, and over 90,000,000 pounds of boilers. Warehouses and branch offices are maintained in New York, Boston, Philadelphia, Chicago, Cleveland, Pittsburgh, Baltimore, Cincinnati, Richmond and other important cities throughout the east and middle west.
Produce Markets
Butter (wholesale price) Creamery. best grade, a pound, 43©45c. Butterfat —Local dealers, 39®40c. Eggs—Stirctly fresh delivered at Indianapolis. 19@20c dozen. Poultry (buying prices—Hens. 18@19c; Leghorn hens, 13® 15c; roosters, large. 10 @l2c; Leghorns and small, 8® 12c: broiler*, lbs. up, 21@23c; Leghorns and smalls, 15® 18c; turkeys huns, 20c; young toms, 20c; old toms, 15@20c; ducks. 13<$ 15c: geese. 8® 10c: guineas. 35c.
In the Sugar Market
(By Thomson Sc McKinnon) NEW YORK, Aug. B.—lt is the general belief that Cuban supplies will be barely enough to meet the requirements of the United States. There has been a great deal of hedge selling by Europe on the theory that they will have a large beet crop. This is by no means certain. Any increase in the demand from Europe will be at the expense of our own supplies. At present levels the late deliveries seem safe investments.
In the Cotton Market
(By Thomson & McKinnon) new YORK. Aug. B.—First Government estimate ot the year at 12 o clcok New York time. The market has been liquidated to the point where the technical position is sound. 14,500,000 is the average expectation. To my mind it all depends on how much accent is placed on the boll weevil. Unless the report is extreme one way or anothr. fifty points down and would be a good place to buy your cotton back. Cotton Crop Down By United Press WASHINGTON, Aug. B.—A cotton crop of 13,492,000 bales was predictel by the Agriculture Department today, compared with a crop of 17,- " 77,347 bales last year.
New York Stocks By Thomson A McKinnon
—Aug. 8— Railroad*— Prev. High. Low. 2:00. , close. Atchison 195 ... 191% 193% Atl Cst L.. 3k.. 196 195 195% 197% B and O ...V4- 120% ... 118% \119% Can Pacific..., 187 184% 185 188% C and O 191% ... 190% 191% C and N W..,. 90% ... 89% 90 CR I and P.. 112 111% 111% 112 Del and Hud.. 208% ... 207 208% Del and Lack 162% Erie 63% 62 62% 63 Erie Ist pfd .... 63% 62% 62% 3% Gt Nor pfd.... 97 ... 94% 96% Lehigh Valley. 108 108 109 K C South 64% 13, 64% 64% L and N 146 ... 146 146 M K and T..A. 48% ... 48 48 Mo Pac pfd... 103% 103 103 % 98% N Y Central.. 155 ... 153% 183% NY NH & H... 49% ... 48% 49% North Pac 94 91% 91 % 94 Nor & West... 188% ... 188 188% Pere Mara .... 131 ... 131 132 Pennsy 65% ... 64% 65 Reading 117 ... 116 117 Southern Ry... 133% 132 132% 133% Southern Pac.. 121 118% 119% 121 St Paul 15% St Paul pfd.... 30% ... 30% 30% St L& s W.... 84 83% 84 84% St L & S F.... 114% ... 113% 113% Union Pac 188% ... -83% 188% Wabash 71 Vs ... 69% 72 Wabash pfd .... 93 ... 93 95% Rubbers— Ajax BVs 8% 8% ... Fisk 17% ... 16', 2 17% Goodrich 65% 64% 64% 64% Goodyear 54% ... 53% 55% Kelly Spgfld.... 22 ... 22 22% U S Rubber..., 50% 49% 49% 50% Equipments— Am C and F... 102% 102 -02 101% Amer L0c0..,,, 107 ... 107 107 Am Stl Fdy .... 53 ... 52 53% Baldwin Loco.. 245% 243 % 243% 244 Gen Elec ...... 125 121 121% 124% Lima 71 7 /s 69 70 69% N Y Alrbrk..,. 44% ... 44% 44% Pres Stl Car.... 63% ... 61% 63% Pullman ... 151 Wsth A B ,V.... 185 ... 183 184% Wsth Elec 83% 82% 82% 83% Steels— Bethle 60% 57% 59% 5774 Colo Fuel 84 80% 81 83% Crucible ......... 93 91 92% 92 Gulf St Stl 51 Inland Stl 54% 52% 54 54% Phil RC & 1.... 42% 41% 41% 41 Rep Steel 7074 70 70% 70% Sl-Shef ... ... 126 U S Steel 134 131% 131% 133% Alloy 29% ... 29% 30 Vanadium 49 Motors— Am Bosch 1874 ... 18 18% Chandler 18% Chrysler 54% 52% 53 53% Con Motors .... 11 ... 11 11% Dodge 17% 16Vs 17% 17% Gabriel 57% ~56 Gen Motors ....225% 221 222 225 Hudson 88% 84% 85 86% n 16% ... 15 17 Mack 100 98% 98% 9974 Mar Par is Moon 7 Nash 78 76% 77% 7774 Packard 36% 35% 35% 35% Peerless 25' 3 ... 247 8 2574 Pierce Ar 12% 12'% 12% 13 Studebkr 53 Vi 52% 53 5274 Stew War 61% 61% 61% 61% Timken 134% 125% 129 133% Wlllys-Over .... 17% ... 17% 17% White M0t0r.... 40% 38% 39Vi Mining— Am Smelt 16674 ... 163% 166% Anaconda 47 ... 46 46% Cer De Pas 63 ... 62% 63% Inspir 22% ... 21% 21% Int Nick 65 63 65% 63% Kennec 67% 67 67% 67% Tex G & Sul 67 1 2 66 66% 67% U S Smelt 41% 4074 41% 40% Oils— At Ref 129% 126 126 128 Cal Pete 24% ... 24% 25 Freep Tex 75 73% 73% 74% Houston 146% 139% 139% 145'% Indpt Oil 2174 21% 21 Vi 22 Marland C 36 ... 35% 36% Mid C Pete 31% ... 31V 2 31'% Pan-Am Pete 'B’ 57% ... 55% 57 Phil Pete 44 Vs 43 Vi 43% 43% Union Oil 44% 44 44 43% Pure Oil 27% ... 27% 27% R’v’l s Dutch 46% Shell 2774 ... 27% 27% Sinclair 17% 17 1774 17% Skellv 27 S O of Cal 5574 55% 55% 55% S Oof N J 38% ... 38 38% S O of N Y 31% 31 Vi 31% 31% Texas Cos 49% 48% 49 49% Trans Pete 8% ... 8% 8% Industrials Adv Rumlv 12% Allis Chaim 107% Allied Chem 155 ... 15174 155 Armour “A” ... 9% ... 974 974 Amn Can 60 ... 58% 60 Am H-L 10 Am H-L pfd 65 Am Safety R .. ... 47 Am Wool 21 20% 20% 20% Central L 15 Coco Cola 116 Cont Can 73% ... 73% 73 Cert Prods < 51% Dav Chem 30% ... 30% 30% Dupont ... ... 288% Famous PI 94% 9374 9374 93 Gen. Asphlt ... 74% ... 74% 7474 Int C Engr 49% 4874 48% 49 Int Paper 57% 55% 56% 57% Int Harv 197 ... 193 197 May D Sta 75 74 ... 7574 75% Mont Ward 68% 67% 68 68% Nat Lead ... 111% Owen Bot 76% ... 7674 76 Radio 597, 58% 59 6074 Real Silk 33% ... 33 33% Rem Tvpe 43% .. . 42% 42% R-srs-Roeb 66% 65% 66% 66 United Drg ....171 ... 170% 173 Univ Pipe 30 ... 2974 30% U S C I P 222 219 219% 22t% U S in A1 7974 Woolworth 163% 161 161 164% Utilities— Am T & % ....169% ... 168% 16974 Am Express ...150 148 148% 148% Am W W 98 Brklyn Man 54'% ... 54 55% Col Gas & Elec 97 . . 94 96% Cons Gas 11l % 109% 109% 111% Interboro 37 No Am Cos 49% ... 49 49% Peoples G .. : 151 Phila Cos ... ... 105% S Gas & Elec ... 62% 6174 62 62% West Union 166 Shipping— Am In Corp ... 50% ... 50% 50% Am S % C 4 ... 4 4 Atlantic G 36% In M M pfd 40% ... 40% 40% United Fr 13574 ... 135 135% Foods— Am Sugar 88 A B Sugar 6 Austin N ... ... 6 Beech N 57% Calif Pkg 64% 63% 63% 64% Corn Prods 55% 55'/a 55% 55% Cuba C pfd 36% Cuba A Sug 22% Fleischmann ... 59% 58% 58% 59% Jewel Tea 59 60% Nat Biscuit 133% Punta Ale 36 Vi 36 Postum 110% 108% 109% 110% W Bk (B) • 24 24% Tobaccos— Am Summa .... 61 60 60 6074 Am Tob 145 144% Am Tob <B 145% 144 Cons Cigars ... 81% 81% 81% 81 Gen Cigars ... ... 61 Liggett 117% 116% 116% 117 Lorillard 39 38 38 39 R J r ßey 136 135 135% 135 Tob P (Bt 100% 9974 100 101% Schulte R S 54% 53% 53% 54%
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.. $3®3.50; Duchess. $2.50@3. Apricots—California. $2 crate. Bananas —4@sc lb. Blackberries—24-qt. crate, $4. Cantaloupe—Arizona standard crates. $3.75@4; flat crates. [email protected]. Cherries—California, $4.50 (15 lbs.). Dewberries—s3.so 16 qts. Grapes—California. $4.50 crate: Malagas. Grapefruit—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. [email protected]. Peaches—Elbertas, $4.75 bu. Pears—California, $4. Pineapples—Cuban, $3®3.50. Plums—California. [email protected] crate. Raspberries—Black, 24 pts.. $3.25; red, $4.00. Watermelons—Georgia, average 30 lbs.. 75c. VEGETABLES Beans—Striugless, [email protected] 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 do*. Eggplant—H. G., $3 doz. Garlic—California. 20c lb. Kale—H. G.. 75c bu. Lettuce —California, head. [email protected] crate: H. G. leaf. 15 lbs.. 75c. Maiegoes—Louisiana. $2 hamper. Okra—Tennessee, $1.25 basket. Onions —Spanish. [email protected] crate: H. G. green. 45c doz.: H. G. white Bermuda. $3 bu.: H. G. yellow Bermudas. $1.90 ’ ’ • Walla Walla ylelow, 100 Ids., $3.5C. 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®50c: red. 40 ©soc: H. G. buttons. 75c dozen. Sweet Potatoes—Alabama. $2 hamper. Spinach—H. G.. 90c bu. Tomatoes —H. G. hothouse, 10 lbs., 75c® si; Indiana Climax, 20 lbs.. [email protected]. CHICAGO, Aug. 6.—Berries: Dewberries, [email protected] per 16 qts; Black Raspberries, 52.00©2 50 per 24 qts: Gooseberries, $2.00® 1 2 50 per 16 qts: Red Raspberries, $3.00® i 3.50 per 24 pts. Green fruits; Apples 2.00 ®2.75 ped bu; Cantaloupes $2.00®3.00 per crate: Cherries. [email protected] per 16 qts; I Grapes. 35®45 cents per ba-ket; Peaches. per bu; Pears, $2,00©2.50 per
LIGHT HOGS UP. OTHERS WEAK; MARHRRATIC Few Lots of Butchers Hold Steady; Some Bids Are Slightly Lower. —Hog Price Range— Aug. 1. 10.00f11.25 11.25 6.500 2. 9.75f 11.00 11.00 10,000 3. 9.50© 10.90 11.00 7,000 4. 9.50f10.90 11.00 5.000 9.75® 11.15 11.25 5,000 8. 10.00® 11.25 11.35 4.000 8. [email protected] 11.40 6,000 Light hogs w'ere generally steady to 10 cents higher at the Union Stockyards today, with other classes showing erratic tendencies. Few lots of butchers held steady and some bids on these and other classes were slightly lower. Most sales held to Saturday's level of $lO to $11.75. Top lifted to $11.40, with one lot going for $11.50. Estimated receipts were 6,000. Holdovers dropped to 321. Hog Prices Pork offerings weighing 160-200 pounds sold at [email protected]; 200225 pounds, [email protected]; 225-250 pounds, $10@11; 250-350 pounds, $9 @lO. Pigs held Saturday’s level, $9.50 down; packing sows, $7.25@8. Cattle held largely to old levels. Veal Up Good vealers led the way in the cattle division mostly $1 to $1.50 higher. The market’s tone settled at sl6 down. Sheep and lambs held generally steady with offerings estimated at 400. —Hoga— Receipts. 4,000; market, steady to higher. 90-130 lbs $8.50f 9.50 120-160 lbs 9.50®11.00 160-200 lbs [email protected] 200-250 lbs [email protected] 250 lbs. up 8.75® 10.00 Cattle— Receipts. 100; market steady. Beef steers $10.25® 13.00 Bulk stock and feeder steers.. 7.25@ 8.25 Beef cows 6.50® 8.50 Low cutters and cutter cows.. 4.25® 5.50 —Calves— Receipts, 600; market, steady. Vealers [email protected] Heavy calves 6.50® 10.00 —Sheep and Lambs— Receipts, 200; market steady. Tcp fat lambs $13.50 Bulk fat lambs 12.50® 13.50 Bulk cull lambs 7.50® 10.00 Fat ewes 5.00@ 6.50 Other Livestock By United Press CHICAGO. Aug. B.—Hogs—Soft or oily hogs and roasting pigs excluded. Receipts, 40.000; market strong to 10c up; heavyweight, 250-350 lbs. medium choice, sß.Bo® 10.10; mediumweight. 200-250 lbs. medium choice, $9.50@11; lightweight, 160200 lbs common choice. $9.85®11.95; light lights. 130-160 lbs. common choice, $9.40 @11.05: packing rows, smooth'and rough. $'[email protected]; slaughter pigs. 90-130 lbs. medium choice, $8.90V/10180. Slaughter cattle and calves—Steers, 1,500 lbs. up good and choice. 1.340-1,460 good, 311® 13.75; steers, 1100 lbs. down choice $13.25®:14; good. [email protected]; steers 1,100 lbs. down, choice, $13.25® 14; good. $lO 75@13140: medium. $8.50© 11.50; common, $7©8.75: light yearling steers and heifers, good and choice, 850 lbs. down. [email protected]; heifers, good and choice. 850 lbs. up, $8.50® 12; common and medium, all weights, S6 75©,9.85; cows, good and choice. $6.65 @9.75; common and medium, [email protected]; low cutters. $4.65© 5.50. Calves—Medium to choice. $7.75®10. Vealers—Cull to choice, s7® 15; feeder and stock cattle steers common to choice. $6.50@9 50. Shter sheep and lambs—Light and /weight. 92 lbs. down, medium choice $12.25®) 14.35; cull and common all weights. [email protected]; ewes, medium to choice. [email protected]; cull and common, $1.50 @5.00. By Times Special LOUISVILLE. Aug. B.—Hogs—Receipts, 1,300; market steady to 10c higher; tops. sll.lO. Cattle —Receipts. 1.000; :: arket for steers slow; others active. Calves—Receipts, 700; market tops 50c higher; others steady; good to choice, $11@13; medium to good. $8.50©10.50; outs. $8 50 down. Sheep—Receipts, 3.200: market steady; to 10c higher; tops, sll.lO. Cattle—Receipts 1,000; market for steers slow; others steady; good to choice, $11@13; medium to good. $8.50© 10.50; outs. $8.50 down. Sheep—Receipts, 3.200; market steady; mixed lambs, $12.75; ewes and wethers. $13.25; seconds, $8; sheep, $3.50 @5.50. By I'nitrd Press EAST BUFFALO. Aug. B.—Hogs Receipts, 6,400; holdovers, 812; market, uneven to 35c higher: 250-350 lbs.. [email protected]; 200-250 lbs.. $10.25© 11.85; 160-200 lbs., $11.60@ 12; 130-160 lbs., $11.75®) 12; 90-130 lbs.. $11.75®) 12: packing sows, [email protected]. Cattle—Receipts. 2,000; calves, receipts, 1.200; market steady to 35c lower: calves. 50c higher; beef steers. slo@ 13.75; low cutter and cutter cows, [email protected]; vealers, slA6® 16.50. Sheep—Receipts, 2,400; market steady; bulk fat lambs. $14.50; bulk cull lambs. [email protected]; bulk fat ewes. $5.50 @7. By United Press PITTSBURGH, Aug. B.—Hogs—Receipts, 4,000; market steady; 250-350 lbs., $9.50© 11.50; 200-250 lbs., ([email protected]; 160-200 lbs., $11.50®) 11.90; 130-160 lbs.. $11.25® 11.50; 90-130 lbs., $11®) 11.25; packing sows, $7.50@8. Cattle—Receipts. 1.100: calves, market steady to stronger: beef steers, $10.50®j12.25; light yearling steers and heifers, [email protected]; beef cows, $7.50®8; low cutter and cutter cows, $3.50@5; vealers. [email protected]; heavy calves, s6@l2. Sheep—Receipts, 2,100; market steady, stronger; top fat lambs. $14.25; bulk fat lambs, bulk cull lambs, sß® 10.50. By United Press CLEVELAND,' Aug. B—Hogs—Receipts, 3,700; market 10® 15c higher; 250-350 lbs.. $8.75© 10: 200-250 lbs., slo® 11.50; 160-200 lbs.. ([email protected]; 130-160 lbs., $11.75® 11.90: 90-130 lbs.. $11.75; packing sows, $7.50@8. Cattle—Receipts. 850; calves, receipts 1,250; market steady to strong; beef steers. $8.25@11; light yearling steers and heifers, ’slo.so® 12; beef cows. s6@B; low cutter and cutter cows. $4.50@>5.75; vealers, $14@16. Sheep—Receipts, 1,000; market steady; top fat lambs. sl4; bulk fat lambs, $13.50©14; bulk cull lambs. slo® 11.50; bulk fat ewes. $4.50@7. By United Press TOLEDO, Aug. B.—Hogs—Receipts. 750; market steady on heavies. 25c higher on lights; heavies, [email protected]; mediums. $10.75 ©11.25: Yorkers. $11.25@'11.50: good pigs, $10.25@11. Cattle—Receipts. 100: market, steady: calves, receipts. light; market strong. Sheep and lambs—Receipts, light; market steady.
Local Wagon Wheat
Local grain elevator* are paying $1.24 for No. 2 red wheat. Other grades are purchased on their merits ASKS MERCY FOR SACCO Mme. Nungesser Sends Cable Plea to Gov. Fuller. By United Press PARIS, Aug. 8. —Mme. Nungesser, mother of Charles Nungesser, who disappeared with Francois Coli en route by air from Paris to New York, today cabled Gov&nor Fuller of Massachusetts asking clemency for Nicola Sacco and Bartolomeo Vanzetti. Mine to Reopen By United Press TERRE HAUTE, Ind., Aug. B. Announcement of the signing of a contract with the McClelland Coal Company for resumption of operations at its mine near here was made today by Harvey Cartwright, district president of the United Mine Workers of America. The mine employs 180 men. Its management is affiliated with the Indiana Bituminous Operators’ Association. Edward Allais is president of the company. Hoisting of coal will start either Wednesday or Thursday, Cartwright said.
THE INDIANAPOLIS TIMES
Indianapolis Stocks
—Ag. 8— —Stocks— Bid. Ask. Amer Central Life 550 ... Amer Creosotlng Cos pfd 101 105 Belt R R com 66% 69 Belt R-R pfd 58 Cent Ind Power Cos pfd 93 100 Cities Service Cos com 46% ... Cities Service pfd 83% ... Citizens Gas Cos com 56 59 Citizens Gas Cos pfd 106 Commonwealth Loan Cos pfd... 100 ... Equitable Securities Cos com.. 51 ... Hook Drug Cos com 29% ... Indiana Hotel com 125 ... Inuiana Hotel pfd 101 Ind Service Corp pfd 87 96 Indianapolis Gas com 80 Indpls & Northwestern pfd... 53 Indpls P Sc L 6 '/as pfd 98% 100 Indpls P & L 7s pfd 95 Indpls Pub Wei Ln Assn 47% ... Indianapolis St Ry pfd 30 40 Indpls Water Cos pfd 103% ... Indpls Water Wks Sec C 0.... 98 Interstate P ser pr Ilea pfd... 100 Interstate P S 6s pfd 85 ... Merchants Pub Util pfd 100 North Ind Pub Service pfd 93% 98 Progress Laundry com 23Vi ... Rauh Fertilizer pfd 50 Real Silk Hosiery pfd 100 T H I & E com 2 4% T H I & E pfd 24 T H Trac & Lt Cos pfd 98 100 Union Trac of Ind com 1 Union Trac of Ind Ist pfd Union Trac of Ind 2d pfd 2 Union Title Cos com .. 85 Van Camp Pack Cos pfd 5 Van Camp Prod Ist pfd 95 100 Van Camp Prod 2nd pfd 100 —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 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 210 Merchants Nat Bank 325 Peoples State Bank 210 Security Trust Cos 275 State Savings and Trust 74 80 Union Trust Company 460 ... Wash Bank and Trust C 0.... 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 & N Ind 5s 20 Citizens Gas Cos 5s 103% ... Citizens St RR 5s 86 Vi 88 Gary St Ry 5s 89 91 Home T & 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 Sc So 6s 99 101 Indpls Gas Cos 5s 100% ... Indpls & Martinsville 6s 81 Indpls Northern 5s 2! 23 Indpls & Northwestern 5s 87 Indpls Power and Lt Cos 55.. 97% 98 Indpls St Ry 4s 67% 69 Indpls Trac and Term 5S ... 95V* 96% Indpls Union Ry 5s 101 Indpls Water 5%s 104 Indpls Water Ist 5s 99 Indpls Water 4%s 98% ... Indpls Water Wk Sec Cos 65... 98 ... Interstate Pub 3 6s 104 Interstate Pub S Bs 6‘is 105% ... N Ind Pub Serv Cos 5s 96 T H I & E 5s 86 T H Tree and Light 5s 99 .. Union Trac of Ind 6s 15 17 —Liberty Bonds—--Ist 3 Vis 100.90 101.10 Ist 4"%s 103.26 103.40 2nd 4% s 101.20 101.32 3d 4%s 101 101.12 4th 4% s 104. 104.18 U S Tr 4%s 113. 113.84 U S Tr 4s 108.56 108.70 U S Tr 3%s 105.60 105.70 U S Tr 3is 100.10 100.50 U S Tr 3%s 100. 100.10 CANADA REPORT AFFECTS WHEAT IN CHICAGO PIT Cold Weather Reports and Plant Rust Causes 5Cent Gain. By Unite ff Press CHICAGO, Aug. 8. Wheat futures on the Chicago Board of Trade had advanced between 4 and 5 cents over the previous close shortly after noon today on reports from the Canadian spring wheat regions that frosts of the past two days had greatly damaged the crop. Buyers dominated the pit from the opening and the sharpest bulge occurred at the noon honr. A recent flood of rust reports from both the American and Canadian regions and cold weather forecasts had placed the trade in a position to advance prices at the slightest sign of damage to the crop. Corn prices had advanced between 3 and 4 cents with the strength in wheat and on reports that frost had damaged this crop in southern Michigan and that the grain elsewhere was further behind than ever before. Oats moved up slightly over 2 cents with the strength in wheat. Chicago Grain Table —Aug. 8— WHEAT— Prev. Open. High. Low. Close, close. Sept.. 1.37% 1.43 1.37% 1.42% 1.37% Dec.. 1.41% 1.47% 1.41% 1.46% 1.41% March 1.44% 1.50 1.44% 1.49% 1.44’% CORN— Sept.. 1.08"% 1.12% 1.08% 1.11% 1.09% Dec.. 1.13 1.17% 1.13 1.16% 1.13% March 1.15% 1.21% 1.15% 1.19% 1.16% OATS— Sept.. .47% .49% .47 .48% .47% Dec.. .50% .53 .50% .52 .50% March .53 .55% .53 .55 .53 Sept. 7 .92% .95% .92% .95% .91% Dec.. .95% .99% .95% .99% .95% March .99 1.03 .99 1.02% .98% LARDSept 12.32 12.72 12.32 12.65 12.37 Oct.. 12.50 12.85 12.45 12.80 12.47 Jan.. 12.62 13.15 12.62 13.10 12.65 Sept. 11.75 11.80 11.75 11.80 11.75 By Times Special CHICAGO. Aug. B.—Carlots—Wheat. 442: corn. 61: oats. 105; rye. 4. Deaths Mattie Johnson. 63. city hospital, hypostatic pneumonia. Mary Ivancie. 56. Methodist Hospital, strangulated hernia. Edward Brandon Commons. 58. Christian Hospital, acute cardiac dilatation. Ora Lane. 55. St. Vincent Hospital, accidental. Noble R. Hyatt. 5 months. 1215 W. New York, entero colitis. Norma Ruth Sumner, 5 months. 1353 S. Belmont, acute gastro enteritis. Frederick William Wilhelm, 43. 1510 Samoa, broncho pneumonia. John Henry Taylor, 51, 1447 Kappes. lobar pneumonia. Emoline Le Masters, 74, 2102 S. Emerson. Cerebral hemorrhage. John A. Bering, 77. 620 Lockerbie, chronic myocarditis. John Van Laaten. 82, 205 E. FiftyFourth. cerebral hemorrhage. Phyllis Gretchen Crain, 5 months. 2815 Adams, broncho pneumonia. William Howard, 74, 429 Chester, chronic interstitial nephritis. George Huthflies, 52, 3043 N. Illinois. pital, pulmonary tuberculosis. October Cotton Moves Up Bn United Press NEW YORK, Aug. B.—October cotton reopened with a gain of $8.20 a bale after the issuance of the government report today showing condition of 69.5 per cent and indicated yield of 13,492,000 bales.
On Milk Wagon OWENSVILLE, Ind., Aug. 8. —Water doesn’t mean a thing as a drink to James Benson, Montgomery township farmer. He has drank milk instead of water three years. Water tastes bitter to him, Benson says.
Methodist Pastor Dies as He Delivers Sermon
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Dr. Harry A. King
Dr. Harry Andrews King 5s Stricken at Morris St. Church. Dr. Harry Andrews King, superintendent of the Indianapolis district of the Methodist Episcopal Church, suddenly stopped in the midst of his sermon at the Morris Street M. E. Church Sunday and sank into a chair on the pulpit. A few minutes later, while members of the congregation sped in various directions in search of doctors, he died. Apoplexy was given as the cause of death. Funeral services will be held Wednesday a t9:30 a. m. Burial will be at Marshall, 111. Bishop Frederick D. Leete, a close friend of Dr. King's for ten years, will preside at the services at the Roberts Park M. E. Church, Delaware and Vermont Sts. “Man is Just like a flower; here today and gone tomorrow. Or like the grass; it flourished today and tomorrow is is withered. None of us know whether in an hour we will be still and cold and dead.” This was Dr. King’s text for the morning. He was filling the pulpit for the Rev. C. L. Griffith, pastor of the church. He had been superintendent of the Indianapolis district for five years, coming here from Atlanta, Ga., where he was president of Clark University for seven years. Dr. King was ordained a Methodiest minister in 1897 when he became pastor of the church at Belton; Mo. He has served in pastorates of Methodist churches in various parts of the country since then. Surviving him are the widow and three daughters. Mrs. Marie Smith, Washington, D. C.; Mrs. Sue Smith, Portsmouth, Va., and Miss Sara Elizabeth King De Pauw University senior. Building Permits Thornburg Realty Company, dwelling and garage. 223-5 E. Sixty-Fifth. $6,500. Dr. J. P F"'-~ dweling and garage. 1801 Winfield, $4,800. E. O. Bower Sc Sn. dwelling and garage. 1208 N. Euclid, $3,150. Sears Sc Harvey, repair. 1525-29 E. Washington. $2,000. John Hulin, garage. 320 N. Agnes. S2OO. John Hulin, repair. 320 N. Agnes. SI,OOO. Columbia School Supply, elevator. 317 W. Eighteenth. S6OO. Columbia School Supply, elevator. 317 W. Eighteenth. S6OO. A. Romelser, reroof. 2437 E. Riverside Dr., S3OO. D. H. Gatewood, porch. 1482 Lee, $350. Frank W. Geisel, alterations. 422 DeQuincy. $2,200 J. L. Beatty, reroof. 2111 Park. $245. Roumanian Church, reroof. 633 W. Market. $640. C. Young, reroof. 1121 N. Oxford. $233. Katherine Vogel, gaiage. 2002 Brookside. $255. Hettie Harvey, garage. 2240-42 Kenwood. S2OO. J. R. Strahlendorf, porch. 3927 Cornelius, S7OO. K. E. McManus, reroof. 1445-47 Lee. $220. Indianapolis Printing Company, reroef. 250 N. Alabama, S4BO. M. Krempl. furnace, 160 Harlan, $235. William Haigh, furnace. 918 Greer. $405. J. Harry DeLury. furnace. 965 E. MinO. Hebert, furnace, 1802 Orleans, $430. nesota. $4lO. Raymond Treeter, furnace, 1917-18 E. Minnesota, S2BO William Goos, dwelling and garage. 4329 English. $3,150. William Goos, dwelling and garage, 4333 English, $3,150. Leila Pigston, repair. 810-12 Darnel! *3OO. Martha Van Wise, reroof. 2242 N. Illinois, $215. $395. Lewis DeVelling. reroof, 3954 Ruckle. Jose Balz Company, steam plan, 550 N. Pennsylvania, S4OO. Southern Building Company, dwelling and garage, 5683 Guilford, $6,500. E. R. Eaton, pore hand garage. 476 8. Arlington. $375. Sherman Robertson, garage 1051 W. Thirty-Fourth S2OO. M. Hackett. reroof. 402 W. McCarty. *316. Zeno B. Washington, reroof, 417 W. Twenty-Fifth, *213.90. E. W. Tripp, reroof. 3021 N. New Jersey. $250. Ewing, .eroof. 2849 Indianapolis. Henry Jackson, reroof, 1055 W. TwentySeventh, $337. William L. Buter. reroof. 1033 N. Temple. $2lO. R. G. McClure, reroof. 1723 N. Delaware $260. Frank Frost, reroof. 362? Graceland. $345. Otla K. Henry, reroof. 3072 Park. $227. D. O. Beard, reroof, 440 N. Sherman Drive, $385. J. M. Bulger, reroof. 640 E. ThirtyFourth. $270. Charles Marsen. reroof. 1424 8. Bandolph, $2lO. Dudley M. Boyd, reroof. 1406 Come 1. $340. August and Sophia Backnieyer. reroof. 2636 S. East. S4OO. Charles O. Allee, garage, 50 U. Jefferson. $250. Dr. F. P. Reid, reroof. 2206 S. Meridian $250. $3,500. Hyman Escol, dwelling. 4357 Central, George Sadler, raise house. 10005 Lexington, S6OO. Harry Pollman. garage. 3165 Station. *250. J. A. Cooper Sc Sons, tool room. -333 Massachusetts, $350. Lease Sc Warren, apartment and garage. 2611 Broadway. $35,400. Martin Cain, basement. 1001 8. Chadwick $433. T.' E. drtnslade. dwelling and garage. 61110-12 College. $2,400. T. E. Grinslade, dwelling and garage. 6106-08 College. $2,400. T. E. Grinslade. dwelling. 1004 E. Raymond. *I,BOO. Link Belt Company, stoker. 200 S. Belmont, $3,500. Klrschbaum Community center remodel, 2314 N. Meridian. $60,000. Nick Schrepferman. dwelling and garage. 813 E. Twenty-First. *3,600. Emma Beaver, addition. 1450 Park. S2OO. Norman C. Nutter, addition. 367 8. 'nencer. *950. . . Quad Realty Company, dwelling and garage. 235-37 N. Tacoma. *2,750. M. Gertrude Lane, store front. 2828 I. Tenth. *250. j . .... John C. Gates, garage, 126 Good. *250. D. Sommejg & Cos., repair- Washington and White fiver, $2,900.
PASTORS LAUD SHUMAKER; HIT COURTACTION People of State Ready to Register Protest, Say Many Ministers. Indianapolis ministers who commented fhom the pulpit Sunday on the six-day contempt sentence given Edward S. Shumaker by the Indiana Supreme Court had only praise for the dry leader. At the East Tenth M. E. Church, whose pastor, the Rev. George S. Henninger, Is an Ant-Saloon League trustee, a unanimous rising vote In the Sunday School expressed sympathy with Shumaker and disapproval of the Supreme Court action. About 450 persons, all but one man ln the audience, stood when he asked a similar expression at the morning church service, Mr. Henninger said. “Shumaker never was guilty of the attempt to libel,” declared Henninger, “and if the Supreme Court’s action had been one entirely without prejudice, a sentence of $250 and one day would have been just as severe punishment as $250 and the sixty days.” Dr. Orien W. Fifer, Central Avenue M. E. Church pastor, cited Shumaker's record as a liquor foe for nearly a quarter-century. “Can Court Be Touched?” Concluding a sermon on the text, “Handle me and see.” Dr. Fifer said: “We are all interested this morning whether the Supreme Court is touchable or untouchable—whether one man can touch it. Judicial respect is an old American principle and churchmen are the first to respect and obey the law.” “As to his guilt, it is not for laymen say. That belongs to the courts and those skilled in the law. I believe the penalty inflicted on Dr. Shumaker will not add to the esteem or influence of the Supreme Court.” The Rev. J. W. McFall, Broadway M. E. Church pastor, declared “freedom of speech gives anyone a right to review the actions of the courts and to criticise their decisions.” “While Shumaker was convicted for contempt, many sober-minded men in Indiana would have charged him with cowardice had he said nothing against some things which should not have passed unrebuked.” Urges Clean Politics “The people of Indiana will register their protest against this punishment given a good man in whom they believe. Politics in Indiana should be better than it is, for it is not what it should be.” The Rev. G. L. K. Smith, pastor of University Place Christian Church, Fortieth St., and CapTFol Ave., said: “It seems to me that a terrible injustice has been done to one of Indiana’s greatest men. It seems Inconsistent to me that our so-called system of justice would let criminals loose on the streets and. apparently for petty political reasons, would step from a dignified course of procedure to punish a high-class, lawabiding citizen like Dr. Shumaker. “I believe that 500 preachers of Indiana would be glad to repeat the words for which Dr. Shumaker was convicted.” The Rev. M. A. Farr, pastor of the Broad Ripple Methodist Church, said: “I believe that the Supreme Court’s decision regarding Edward S. Shumaker will be regarded by all right thinking people as an extremely weak decision. “Judge Willoughby, we all remember, was opposed at election time by the Anti-Saloon Leauge. This makes his part in the decision extremely significant. Sees Stronger Dry Fight “Incidentally, the Supreme Court is not to be considered above criticism. When the newspapers should be so ready to hail this Shumaker decision, leaves only one inference. In my opinion, this decision will operate only toward stronger prohibition sentiment.” The Rev. Thomas J. Hart, pastor of the Barth Place M. E. Church, spoke briefly preceding his sermon: “Edward S. Shumaker is the victim of prejudice,” he said “The Supreme Court’s action will canonize him and will make him an international character, I fully believe. The too severe decision will bring forth the sure reaction that follows a grave injustice.” Births Girls Louis and Irma Rexroth. 5141 E. Michigan. John and Amelia Conden. 2714 W. St. Clair. George and Beatrice Russell, city hospital. William and Mattie Hill, city hospital. Ward and Lizzie Palmes, city hospital. Russell and Mvrtle Fowler, city hospital. Charles and Minnie Edwards, city hospital. Hubert and Arnetta Eatherly. city hospital. Arthur and Pansy Meriwether. 1406 Silver. Wilkes and Mary Rhoades. 220 W. Eleventh. . . Frank and Eva White. 2062 Martindale. Spencer and Nellie Bracken. 2447 Manlove. Will and Laura Allen, 1001 W. Pearl. Bradley and Alice Esters. 2536 N. Rural. Jesse and Gwendolyn Roe, 670 River. Sprague and Cectle Snyder. 2854 Centraf. William and Elizabeth Blankenship. 909 N East. John and Etta Wilson, 1540 8. Meridian. Boys Edward and Mildred Williamson. 6942 U Luthe'r V and Elsie Martin. 1329 N. Illinois. Edgar and Pearl Prout. 1646 N. Temp e. Roosevelt and Opal Stone, city hospital. Sterling and Alice Steel, city hospital. Oliver and Mattie Samons. city hospital. Thomas and Lucy Miller, city hospital. Dennte and Helen Lambert, cltv hospital. Frank and Elma Ovelton, 3516 Balsam. James and Ruth Stuart. Clark Blakeslee H, Sam a and Josie Lucca. 523 Warsaw. John and Caryl Pinner. 2215 Pleasant. Gabriel and Hallle Naylor 1611 I. Ohio. Emery and Edith Sines. 1340 N. Illinois. Leo and Velma Myers. 911 E. Fifteenth George and Delpha Ltngenfelter. 3917 H Joseph and Alma CorliM, 1730 X. Maryland.
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