Indianapolis Times, Volume 39, Number 103, Indianapolis, Marion County, 7 September 1927 — Page 16

PAGE 16

STRONG TONE CARRIES OVER IN NEW TRADE Fresh Records Made by General Motors, Steel; * Other Issues Climb.

Average Stock Prices

Average of twenty Industrials Tuesday, was 196 91. up 2.65 new high. Average of twenty rails was 140.28, off .35. (due to exequal to 1.65 in average). Average of lorty bonds was 97.94. off .03. By United Press NEW YORK, Sept. 7. The strength of Tuesday’s session, which was induced by announcement of new treasury financing at low interest, indicating'easy money, was ' carried over in today’s early dealings. United States Steel and General Motors both moved into new high ground on fractional advances. Stocks such as Case Threshing Machine, Sears-Roebuck and Postum, whose earnings are affected by

Another Record By United 7 rcss ’ NEW YORK, Sept. 7.—An agreement has been reached for the sale of a stock exchange membership at $235;000, anew high record, and an advance of $5,000 over the previous top, according to Dow, Jones & Cos., financial news agency. This is the third time within a week that the record has been broken.

conditions in the Middle-West crop area gained consistently, wlple railroad shares moved ahead in response to the car loadings report for the week ended Aug. 27 showing loadings at a pew high record for the year. Business Optimism ... Motor shares were Arm as were • equipments and rubber shares. In the latter group United States Rub- ... her spurted 1%, to 52%. Pittsburgh Coal soared IV*, to 65%, and Allied Chemical 1%, to 166. Optimism over the business outlook was increased by car loadings for the week to Aug. 27. The total was 1,109.225 cars, the highest reached so far in 1927, and 42,589 cars more than in the preceding . week. Rail stocks felt the stimulus, Southern Railway making anew high for the year at 136%. Industrial in most cases showed gains over Tuesday’s finals. General American Tank Car opened at 62%, reflecting the increase in the annual dividend to $4 a share. Bethlehem Steel was a feature of its group, touching 66 for a gain of a full point. Profit-taking resulted in recessions over most of the list in the late morning, but the tone of the market continued confident. C. & O. at 197 made anew high for the year and Endicott Johnson went to 77%, also anew high, up 4%. Nash advanced to 91% and Crucible Steel to 93%. Crucible directors meet the middle of the month and there are rumors they may at that time increase the dividend rate to "$7 a share. Another possibility is • that Crucible may distribute all or part of the 100,000 shares of its own stock it holds in its treasury. Such a distribution has been suggested from time to time, but does not seem imminent.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings today were $3,904,000; debits, $7,093,000. NEW YORK STATEMENT . By United Press . NEW YORK. Sept, X—Clearings, $1,149,000,000: New York clearing house balance, *98,000,000: New York Federal Reserve Bank credit balance,' $90,000,000, FOREIGN EXCHANGE By United Press NEW YpRK, Sept. 7.—Foreign exchange opened steady. Sterling, demand, $4.8,511-16; francs, 3.91%c; lira, 5.43*4 c. up .0014: belga, 13.91 c; marks, 23.75',4c.

Produce Markets

Butter (wholesale price i— Creamery best grade a pound, 44@47c. Butterfat—Local dealers, 42@44c. Eggs—Strictly fresh delivered at Indianapolis. 27@29c. Poultry (buying prices)— Hens. 19@20c; Leghorn hens, 13® 15c; roosters, 10 <@l2c; broilers, V 4 lb. up, 19®20c; Leghorns and small broilers, 14©15c; turkeys, hens, 20ffi25c; young toms. 20@25c; old toms, 15 ©2oc; ducks. 12@15c: geese. 8@10c: guineas. 35c. By United Press NEWYORK. Sept. 7,-Flour-Dull and unsettled. Pork—Firm. Mess—s 32. LaTd —Easy. Midwest 5p0t—513.50©13.60. Sugar —Raw, firm; spot 98 test, held duty paid, 4.77 c; molasses, refined, steady: granulated, [email protected]. Coffee— RlO No. 7 on spot, 13'/4C; Santos No. V 16 3 /<Ul7c. Tal-. low—Neglected and nominal. Special to extra—7'/2(<t7 s c. Hay—Easy: No. 1, $1.20 ©1.25; No. 3. 90c@$l; clover, 30cfi$1.10 Dressed poultry—Steady: turkeys, 20@45c: chickens, 20fi'38c: broilers, 22®3c; capons. 30(S>46c; fowls, 13@30c; ducks, 18@22c; ducks, Long Island, 23@24c. Live poultry —Steady; geese, 15c; ducks, 13@28c; fowls, 16®23c; turkeys, 25c; roosters, 16c; broilers. 22@23c. Cheese—Firm State whole fancy to best. 2544(9)38'/4c; young America, fresh, 26 ©2O tic. Potatoes—Long Island, $1.50fi!3.50; Jersey. $1.35@3. Sweet potatoes—Jersey basket, $1.75@2; southern bqrrels, [email protected]; southern basket, 85c© $1.25. Butter—Firmer; receipts, 21,996; creamery extra, 44*/4@45c: special market, 45*/4©46c. Eggs—Firm: receipts, 30.313: nearby whN fancy. 48©51c: nearby State white, 36(347c; fresh firsts, 29fi33c: Pacific coasts, 35fi50c; western whites, 30@40c; nearby brbwn, 41@46c. By United Press CLEVELAND, Sept. 7.—Butter—Extras in tub lots, 46!/a©4'lv!iC; firsts, 40'4@41V4c; seconds. 3844©39Vic; packing stock, 28c. Eggs—Extras. 39c; extra firsts, 37c; firsts, 32c: ordinaries, 28c; pullet firsts, 23c. Poultry—Fowls, 24©25c; Leghorn fowls. 16 ®l7c: heavy springers, 26@27c: few Plymouth Rocks. 28c; Leghorn springers, 22® 24c; cocks. 15© 17c; ducks, 22©23c. Potatoes—Jersey 150-lb sacks. $3.50; Ohio round whites, $3.35. By United Press CHICAOO, Sept. 7.— Butter— Receipts, 11,865; creameries. 42 ©43c; standards. 41',4c; firsts, 37 Vi ft 38 V*: seconds. 3SV4® 30*40; extras. 41%c. Eggs— Receipts,ll.200; ordinaries, 23W28c; firsts, 31©32c; seconds, 21 ©23c. Cheese—Twins. 23V, fa) <*24c; young Americas, 25V4®26c. Potatoes -Arrivals, 71; on track, 182, In transit, 643: Wisconsin sacked Irish cobblers mostly, $1.90© 2, occasional car a shade higher: Minnesota sacked round whites, $1.65® 1 90. sacked sandland Chios, $1.40©!.50; Nebraska sacked early Ohlos, $1.60© 1.65: South Dakota sacked early Ohlos, $1.60® I.W. Sweet potatoes—sl @1.75. Poultry —Receipts. 8 cars; fowls, heavy, 21Vac: gunall, 16c; springs, 23c: ducks, heavy, 31® SS2o; small, 18c*geese, 15@2 tyrkeys, 25c;

New York Stocks IST Thomson A McKinnon

—Sept. 7 prev Railroa *— H j h Low . close, close. Atchison 197% !SL c a Vo c .::::m iw% 132$ 195% C Ar N W 92 1 /* 91 ra 91V2 8:. r. n & Bel: & tick::::l3s% af Gt. No. pfd 103 7 /s 103 103 8 Lehigh TANARUS, * N 151 148,4 M K <fc T 98% 97% 98% 98 Mo. Pac pfd 105% 104% 104% 104% N Y Cen.. 162 160% 162 160 * NY.N H & H.. 52% 52% 52% No Pacific 97 96 90% Nm & W.. 780% 188 188% Pere Marq 136% 136% 136% 137% Pennsv 66 Vb 65% 66 .:::::..m% n% m u% Southern Ry ...136% JssJijS',' 1 Southern Pac ..122% ..... 122 122,a St. Jiaul 18% 17% 18 17% St.''Paul pfd.... 33% ..... 33 33 St L. &S. W... 83% 82% 83% 82% St. L. & S. F 115 114% 114% Union Pac 190% 189 190 190 Wabash 70% 69% 70 69 Wabash pfd 99 Rubbers— _ „ „ Ajax 9 9 9 9 Fisk 17% 17 17% Goodrich 80% 79% 79% 79 Goodyear pfd... 53% 53% 53% U. S. Rubber I 51 Vi Am Car & F....104 104 103% Am Loco 111% ..... HOT. 110% Am Stl Fd 56 55% 56 55% Bald. Loco 265 % 164% 165 Gen. Elec 146% 144% 144% 145 Lima 65% N Y Air Bk 45% 45'% 45% 45% Pres. SCI Car... 75% 74% 74% 75% Pullman 159 Wsth A B 187% 186 187% 186% Wsth Elec 88% 87 87% 86% Steels— Bethle 66 65% 65% 65 Colo Fuel 88% 84% 86 Vi 83% Crucible 95 83% 59% 92% Gulf St. Stl .... 49Vi ... 49 49% Inland Stl 53 52% 53 52% Phil RC & I ... 41% 40% 40% 40% Rep Stl 68% 68% 68'% 68% U S Steel 149% 147?* 198 147% Alloy . 28% Vanadium 53% 53 S3 Vi 53% Motors— Am Bo 22% ... 22% 22% Chandler 21% ... 21 21% Chrysler 62 61 61% 61% Con Mo 10% ... 10% W% Dodge 17% 17% 17% 17% Gabriel 51% 51% 51% 51% Gen Mo 253% 251 251% 252% Hudson 84 33% 33% 83% Hupp 18% ... 18 18 Jordan 18 17% 18 18 Mack 101 7 /a 99% 100 100% Mar Par 21% Moon , 7 Nash 92% 89 92% 9) Packard 41% ... 41% 41'% Peerless 23'% ... 22% 23 Pierce Ar 11% ... 11 11 Studebkr 53% 52V* 53% 53 Stew War 70 ... 69% 67% Timken 131% 12974 130% 129% Willys-O .. 17% 17% 17% 17 White Mo 38% ... 38% 39% Minina— Am Sm 178 173 174% 175% Anaconda 46% ... 46'i 48% Cer De Pas 65% ... 65% 65% Inspir 18% ... 18% 18% Int Nic 67% 65% 66% 65% Kennec 72% 71% 71% 72% Tex G & Sul ... 69% 6874 69 68% U S Sm 42% Oils— At Ref 118% ... 118 118 Cal Pete 22% ... ?!2% 22% Frcep Tex 78% A. 78 78% Houston 138 132% 137'% 129% Indnt Oil 20 20 20 20 Marlsnd C 36 . . 35% 35% Mid C Pete 3074 30% 30% 30% Pan-Am Pete B 48 47% 47% 48% Phil Pete 4274 42'% 42 74 42 74 Union Oil 42'% ... 42% 42% Pure Oil 26% ... 26% 26V* R'y’l Dutch 46 ... 46 45% Shell 26 74 ... 26 26Vi Sinclair 16% ... 10% 16% Skelly 26% 261,4 26% 26'i S O of Cal ... 53% 53 53Vi 53V. SOOf N J 38% .. . 38% 38% S O of N Y ... 3174 3174 31% 31% Texas Cos 49% 49V. 49% 49% Trans Pete BVi ... 7% 8% Industrials— Adv Rumly 12 ... 12 12% Allis Chaim ...112% .. 111'% 112% Allied Chem ....168% 160 166% 167% Armour A 9% ... 8% 9% Amn Can 66% 65',4 65% 65% Am H-L 10% 10 10% 9% Am H-L pfd ... 63% ... 63% 63% Am Safety R 46% Am Wool 27% 25% 27% 25% Coco Cola 1247 b 123?* 123% 12474 Cont Can 74 ... 73% 74 Cert Prods 4974 ... 49% ... Dav Chem 36% Dupont 314% 311% 313 31374 Fabous PI 105?, 104% 104% 103% Gen Asphlt ... 76 73% 75% 72% Int C Engr 50% 49% 4974 50 Int Paper 56% ... 56 56'/* Int Harv 222% 219 219% 220 May D Sta 81% 81 81% 81% Mont Ward ... 79% 78V* 79 78'% Nat Lead .123% 119% 120 120 Owen Bot 7974 ... 79% 7874 Radio 65 ... 63% 64 Real Silk 29 ... 28% 28% Rem Type 40% ... 40% 40% Sears-Roeb 77 75% 7674 7574 United Drue 173% 172 172',* 172 Univ Pipe 27 ... 27 29 u s C I P 205 193 197 193 US In A1 8074 ... 7974 79% Woolworth 189% 186% 186% 187 Utilities— ' Am T & T 172 - 17074 17174 17074 Am Express 158 157 158 156% Am W W 54% ... 53Vb 54 Brklyn Man .... 56% ... >56% 55% Col Gas &El 96% 90 96% 9574 Cons Gas 117% 11474 11674 114 Interboro 2474 NoJVmer Cos 57 ... 56'/ 57 Peoples G 53 Vb 151% 152 151% Phlla Cos 107 ... 107 S Oas and El 64% 64% 64% 64% West Union 162% 162 162V* 163% Shipping— Am In Corp .... 53 ... 5274 5274 Am 8 and C 3% Atlantic G 75 In M M pfd 3874 ... 3874 3874 United Fruit ...139'% 136% 139 136 Foods— Am Sugar * 9274 91 9274 90 Vi A B Sugar 22% ... 22% 22% Austin N s'/* ... 5% 5% Beeeh N 57% ... 5774 5774 Calif Pkg 67% ... 67 67 Corn Prods 5774 ... 57 % 57% Cuba C pfd 38 ... 38 38% Cuba A Sugar.. 24'/ ... 24 23% Fleischmann ... 64 ... 63% 6374 Jewel Tea ... 6574 ... 0474 64V, Nat Biscuit 143 141% 142 1427-4 Punta Ale 40 ... 40 39% Postum 1217* 120 120% 120% W Bit (Bi 36 Tobaccos— Am Suma 60 59',4 59% 59 Am Tob 146 74 .. 146% 146 Am T (B) 14574 145% 145% 145% Cons Clears .... 82% 8174 82% 81% Gen Cigars 70% 63 70'b 67% Liggett 123% 123% 12374 12374 Lorlllard 40% ... 4040 R J Rey 146% ... 14 574 144 Tob P (Bl 100 74 ... 100 Vs 10074 U Cig Stor 3674 36 % 36% .37 Schulte R S .... 55 5474 55 55

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. Sept. 7.—Proflt-talcinK today is nothing more than normal. Traders are trying to improve their position and at the same time to avoid, to as great an extent as possible, the risk of the estimate Thursday. Keep one fixed Idea in your mind. The world Is going to use more cotton than is grown this year. That means a reduction in stocks. For a lon< time to come the careful buyer will have this substantial asset behind his operations.

In the Sugar Market

(By Thomson <te McKinnon) NEW YORK, Sept. 7—Sentiment In the sugar market is now just as strong as it was weak a short time ago. Reports from Europe of unfavorable weather conditions affecting the beet crop, coupled with the activity In the London terminal market where there appears to be much concern over the probability of early announcement of restrictive measures In Cuba. Induced considerable short covering here. The raw sugar market Is firm and fundamental conditions ate at last having their sway. DIRIGIBLE IN NIGHT TRIP \ Los Angeles Sails Over Two States, Returns to Station. By United Press NAVAL AIR STATION, Lakehurst, N. J., Sept. 7.—The naval dirigible Los Angeles returned to its mooring mast here this morning after having mad£ a night flight over New Jersey and eastern Pennsylvania. It arrived in the vicinity of Lakehurst at 3 a. m. and after daylight was brought over the air station and at 7:30, a. m. was made fast to its mast. Another flight probably will be ihade this afternoon, _. _ „

15 TO 25-CENT ADVANCE MADE IN HODPRICES Cattle Unchanged, Calves Steady to Lower and Ovines Off. —Hog Price Range— Aug. Bulk. Top. Receipts 31. 10.00610.75 10.85 6,000 S l. Pt ' ‘ [email protected] 11.00 5.500 2. [email protected] 11.35 6,500 3. 10.756U.40 11.40 3,500 ’‘>6.—Holiday. 6. 10.75611.40 11.40 7.500 7. 11.00011.50 11.50 5,500 An advance of 15 to 25 cents cn the hundredweight was made by the Indianapolis hog market today. This improvement more than offset the slightly weakened condition of Tuesday’s prices. The top went to $11.50, most sales being at sll @11.50. Higher prices were established in direct opposition to the Chicago market which was 10 to 15 cents lower. • At the Union Stockyards here it was estimated 5,500 porkers were received. counted 497. . Hog Price Range Pigs were $8 /3® 10 and packing sows sß@9. Other quotations included: 130-160 pounds, [email protected]; 160-200 pounds, [email protected]; 200250 pounds, sll@ 11.40, and 250 pounds up, slo@ll. The cattle market, with receipts approximating 1,000, remained steady. Beef steers went at $11.50 @13.25; beef cows, [email protected]; low cutters and cutter cmvs, $4.25 @5.50, and bulk stock and feeder steers, [email protected]. Shows Weakness Calves were steady to 50 cents lower, best vealers dropping to $15.50 and other grades selling downward from this. The run amounted to about 900 head. In the sheep and lamb department lambs declined 25 cents. Top fat lambs were $12.50; bulk fat lambs. sl2® 12.50; bulk cull lambs, $6.50® 8.50. and fat ewes, [email protected]. Receipts were 1,000. —Hogs— Receipts. 5,500; market higher. 90-no lbs 130-160 lbs 10.00611.25 160-200 lbs H 200-250 lbs nn 2SJ!f2 250 lbs. up [email protected] —Cattle-r Receipts. 1,000; market steady. Beef steers Beef cows 6.25@ 8.50 Low cutters and cutter cows.. 4.25@! 5.50 Bulk stock and feeder steers... 7.25© 8.25 -CattleReceipts. 900: market steady to lower. Vealers $14.50*15.50 Heavy calves i 6.50010.00 —Sheep and Lambs— Receipts. 1.100; market lower. Top fat lambs *n Pat* s ewes lambs : Sjol i.25 Other Livestock By United Press EAST BUFFALO, Sept. 7.—Hogs Receipts, 1,200; holdovers. 1.123; market steady to strong; 250-350 lbs., [email protected]; 200-250 lbs., $11@12; 160-200 lbs.. $11.50® 12.10; 130 ; 160 lbs.. $10.25611-50; 90-130 lbs $9.506 10.25; packing sows. $8.25 ft 9.25. Cattle—Receipts. 150: calves receipts 400: market steady; vealers, $16*16.50. Sheep —Receipts. 500: market steady; buoc fat lambs, $13.50; hulk cull lambs. [email protected]: bulk fat exes. ss@6. By Times Special LOUISVILLE. Sept. 7.—Hogs—Receipts. I, market, steady; tops, $11.15. Cattle —Receipts, 200; market, slow, about steady. Calves—Receipts, 300; market, steady; good to choice, $11613.50; medium to good, $9011: outs, $8 down. SheepReceipts. 400; market 50c lower; seconds, steady; mixed lambs. $11.50; ewes and wethers, sl2; seconds, $7.50; sheep. s3®^. By United Press EAST ST. LOUIS. Sept. 7.—Hogs—Receipts. 9,500; market. 5 to 10c lower: 250350 lbs.. #109.256 11.50: 200-250 lbs, $11.25® 11. 160-200 lbs., $10.90611.60; 130-160 lbs., s9® 11.25; 90-130 lbs.. $8.506 9.75; packing sows. $8.75@ 9.50; holdovers, 2,030. Cattle—Receipts, 4,500. Calves—Receipts 2,500; market, native steers, steady, beef steers. $9.50@13; light yearling and heifers. SB6 10.50; beef cows. s6@7; low cutter and cutter cows. $4,506 5.25; vealers. $15.50: heavy calvers, $7r8.50; bulk stock and feeder steers. $7.25®8.25. Sheep—Receipts. 3.500; market indications lower; top fat almbs. sl3; bulk fat lambs, $12.50; bulk cull lambs. $8.50; bulk fat ewes, $4.50® 5.50.

VAN SWERINGEN MERGER ATTACKED BY MINORITY Stockholders’ Brief Charges Large Profits for Backers. By Unt f ed Press WASHINGTON, Sept. 7.—Chesapeake & Ohio minority stockholders have' filed with the Interstate Commerce Comlnission a brief charging the Van Sweringen’s, C. & 0.-Erie-Pere Marquette merger plan was so engineered as to give its financial backers large personal profits. Chesapeake & Ohio credit, it was charged, was used to buy Erie and Pere Marquette securities which now are to be sold to the C. & O. at profit to the backers. C. J. and M. J. Van Sweringen, merger promoters, it was anticipated today, will answer the minority holders’ charges. By United Press WASHINGTON, Sept. 7.—The Interstate Commerce Commission today authorized the Minnesota State Railroad and Warehouse Commission to intervene in the Great Northern-Northern Pacific merger proceeding now before the commission. THOROUGH HUNT TO BE MADE FOR REDFERN Smithsonian Institution Will Help in Expedition Search. By United Press WASHINGTON, Sept. 7.—A definite search is to be undertaken for Paul Redfern, missing BrunswickRio de Janeiro flier. Dr. Alexander Wetmore, acting secretary of the Smithsonian Institute, revealed today that an expedition headed by Richard Marsh of Brockport, N. Y., discoverer of Panama’s “white Indians,” will leave New York in a few days. The institution will participate, making the expedition both a search for Redfern antT a zoological study of the head of the Orinoco River delta. A base will be established at the head of the Orinoco River—one of the points on Redfern’s scheduled itinerary. Reports have come from that general region indicating a plane, which may have been Redfern’s, htfl been sighted during a storm.

THE INDIANAPOLIS TIMES

Commission Row

PRICE TO RETAILERS " FRUITS Apples—New apples (40 lbs.) Wealthy, $2.5063: Bearls. *2.5062.75: Gravensteins. $3; Jonathans, $3.25; Grimes. $3; summer Rnmbos. $3: Duchess, [email protected]; Malden Blush. $2.50@3. Bananas—4@sc lb Cantaloupes—lndiana standard crates. $163.50: fat crate. [email protected]; bbl.. *263. Grapes—California seedless. *1.50® 1.75; Malagas. *1.7561.85. Honeydew Melons—*2.2s 0 2.50. Huckleberries—Virginia. $3 <ls tbs.) Lemons—California. $7.50*8.50. Limes—California. $3 per hundred. Oranges—California Valencias, crate. *[email protected]. Peaches—Elbertn. *303.25: Hales. *3.25 bu. Pears—California Bartletts. per box. $303.50. _ Plums—California. *2 62.25 crate: Damsons. $3.50 bu.; large blue. $3 bu. Prunes—ltalian. *1.35. VEGETABLES Bean —Stringless, 50c®*1.2S bu.: H. G. lima, 25®50c lb.; Kentucky Wonders. 50c 0*1.25. Beets-a-H. G., 20 0 30c do*. Cabbage—H. G.. $2 bbl. Carrofts—H. G.. 35c doz.: bulk, 90c@ $1.25 bu. Cauliflower—H. G.. 50c@*1.25 per basket. Celery—Michigan. Highhall, $101.50; Michigan bunches. 35650 c: flat crates. $1.1501.50. Corn—Kentucky. 35@40c dozen. Cucumbers—H. G.. 506 65c. Eggplant—H. G., *162.50 do*. Garlic—California. 15c lb Kale—H. G.. 65c bu. Lettuce—California, head. *4 0 4.50 crate; H. G. leaf. 15 lbs.. 75c. , Mangoes—Louisiana. 75c0*1.15 hamper. Okra—Tennessee. *1 basket. Onions—Spanish. $2.4002.75 crate; H. O. freen, 40c dozen: H. G. yellow Bermuda, 1.25 bu.; Ohio yellow. $2.40 cwt.: pickling. *1.50 (12 lbs.). Parsley—H. G., 50c per bushel. Peas—H. G.. 50 lbs.. *6. Potatoes—Kentucky Cobblers. 150 ibs., *3.50®3.85; Kansas Cobblers. 130 lbs., *2.75: early Ohio. 120 lbs.. $2.50. Radishes—H. G. white. 35c: red. 35c; H. G. buttons. 40c doz. Rutabagas—Per bu., $2. Sweet potatoes—New Jersey. $5 bbl.; Nancy Halls. *1.2561.50 hampel. Spinach—H. G.. 75c bu.: broadleaf. $1.50 bu. Tomatoes—H. G. (hothouse), 30 0 65c, 15lb. basket, *[email protected]. Turnips—H. G.. *2 50.

Local Wagon Wheat

Local grain elevators are paying $1.26 for No. 2 red wheat. Other grades are purchased on their merits.

Indianapolis Stocks

—Sept. 7 —Stacks—- - Bid. Ask. Amej Central Lite 1 550 Amer Creosoting Cos pfd 101 105 Be't n R com 67 69 Belt R R pfd 58 Cent Ind Power Cos pfd 92 93 Cities Service Cos com 48% ... Co pfd 89% ... Citizens Gas Cos com 57 57 % Citizens Oa.< Cos pfd ...105 Commonwealth Loan Cos pfd... 100 ... Equitable Securities Cos com.. 51 Hook Drug Cos com 30 Indiana Hotel com 125 Indiana Hotel pfd 101 Indiana Service Corp pfd ...110 Indianapolis Oas com 60 Indols & Northwestern pfd ... 53 54 Indpls P & L 6%s pfd 100 101 Indpls P & L 7s pfd 99 102 Indpls Pub Wei Ln Assn 47% ... Indianapolis St Ry pfd 38 39% Indpls water Cos pfd 103 Indpls Water Wks Sec C 0.... 98 Interstate P S pr lien pfd 101% 105 Interstate P S 6s pfd ..—..84 Merchants Pub Util pfd . \.IOO North Ind Pub Service pfd.. 95 95% Progress Laundry com 24% ... Ratih Fertilizer pfd 50 Real Silk Hosiery pfd 84 92 T H I & E com 11l T H I & E pfd 11l T H Trac & Lt Cos pfd 91 100 Union Trac of tod com v 1 Union Trac of Ind Ist pfd 7 Union Trie of Ind 2d pfd 2 Union Title Cos com 85 Van Camp Pack Cos pfd 5 Van Camp Prod Tst pfd 96 100 Van Camp Prod 2nd pfd ‘.OO —Bank Stocks— Aetna Trust and Sav Cos 118 Bankers Trust Cos 133 City Trust Cos 150 Continental National 118% ... Farmers Trust Cos 240 ... Fidelity Trust Cos 162 Fletcher American 172 Flotche- Sav and Trust Cos. .275 Indiana National Bank 262 270 Indiana Trust/Jo 230 Livestock Ex Bank 162 172 Marlon County Bank 216 Merchants Nat Bank 325 Peoples State Bank 250 Security Trust Cos 275 State Savings and Trust 100 Union Trust Company 460 Wash Bank and Trust Cos 160 —Bonds— •** Belt R R and Stockyards 45... 90 Broad Ripple 5s 80% ... Central Indian*: Gas 6s 98 Cent Ind Power Cos 6s 103 Chi 8 Bend dr N Ind 5s 10 Citizens Gas Cos 5s ...104 105 Citizens St R R 5s 87 90 Gar • St Ry 5s 89 91 Hunt T and T of Ft. W 65...103% ... Indiana Hotel 5s 100 Indiana Northern 5s 2 ... Ind Ry and Lt 5s 95 Ind Service Corn 5s 93% ... Ind Union Trap 5s 3 Indpls Col & South 6s 99 101 Indpls Oas Cos i's... 100% ... Indpls & Martlnrvil’e 6s 81 Tndpls Northern 5s 20 24 Indols Sr. Northwestern 5s 81 Indpls Power and Lt Cos 5s v ... 97% 98% Indpls St Rv 4s 68 70 Indpls Trac and Term 5s ... 95% 96% Indpls Union Rv 5s 101 Indpls Water 5%s 104% ... Indpls Water Ist 5s 99% ... Indpls Water 4%s 97% ... Indpls Water Wk Sec Cos 65.. 98% ... Interstate Pub S 6s 104 Interstate Pub-S Bs 6%s 105% ... N Ind Pub Serv Cos 5s 97 T H I & E 5s 88 T H Trac and Light 5s 98 Union Trac of Ind 6s W 17% —Liberty Bonds—--Ist )%S 101.60 10L80 Ist 4%s 103.25 -103.40 2nd 4%s 100.52 100.64 3d 4%S 101.00 101.12 4th 4%S 104.04 104.20 US Tr 4tis 114.00 114.20 U S Tr 4s 109.00 109.18 U S Tr 3%s 106.00 106.24 U 8 Tr 3%s 100.00 U S Tr 3%s 100.90

SUES GENERAL MOTORS Breach of Contract Is Charged by Indianapolis Firm. General Motors Corporation of Wilmington, Del., is named defendant in a breach of contract suit filed in Federal Court by Sylvester Johnson, president of H. R.' Heinicke, Inc., of Indianapolis. Johnson asks damages amounting to $9,195.19. Complaint avers the Heinicke company was party to a contract for furnishing of materials for radial smokestack at General Motors ’plant in Wilmington, and had shipflfed bricks to the / place when General Motors oflicials served notice not to continue the work. The Heinicke corporation sold its ciaim right to Johnson, the complaint stated, NURSE CASE APPEALED Wealthy Manufacturer’s Son Fights Prison Term for Attack. By United Press . * . WASHINGTON, Sept. 7.—Arthur Rich, son of a wealthy Battle Creek, Mich., manufacturer, his appealed to the United States Supreme Court for a review of his conviction and life sentence for criminal attack. Rich, who, it is claimed, attacked Loyise King, (f student nurse, offered “provocation” as part of his defense in the original trial. The review brief alleged that a change of venue was improperly granted, and it also protested introduction of newspaper clippings as evidence in the trial. There are 300,000 Jews in England, with but one Jewish theater. New York has a Jewish population of. 1.250,000, with twenty-two theaters. _ s

SALES SET IN; ALL GRAIN PITS UNDERGO DROP Prices Hold Up Most of Day but Last Hour Selling Brings Reductions. By United Press CHL'CAGO, Sept. 7.—Last hour selling offset higher prices which had held in all grain pits during most of the session, and futures on the Chicago Boqrd of Trade closed lower, wheat closed % to % cents lower than Tuesday’s final figures; com, 1% to 1% cents off; and oats, V* to % cent lower. Wheat climbed after a nervous opening due to strength in Liverpool cables and cooler weather with rains in parts of the Canadian belt. Gains were maintained all day until just before the close. Receipts were only 40 cars. The cash market was Vi cent higher. Export business was reported at 500,000 bushels. Corn was strong all day and late in the session showed gains over 1 cent. The last minute break resulted in sharp losses however. Oats were without interest and followed wheat, only within a narrower range. Receipts were 37 cars, cash oats w’ere Vi cent higher. Provisions closed lower. Chicago Grain Table —Sept. 7 WHEAT— . _ Prev. High. Low. 11:00 close. September ... 133 1.32% 1.33 1.32% December ... 1.38% 1.37% 1.37% 1.37% March 1.41% 1.43% 1.41 1.41 CORN— September ... 1.02% 1.01% 1.02%, 1.01% December .... 1.05% 1.03% 1.05% 1.04V* March 1.07% 1.06% 1.07'% 1.08% OATS— September ... .43% .43% .43% .43% December ... .47% .47 .47% .47% March 51% .50% .51 50% RYE— September ... .94% .93% .94 .94% December ... .97 .96% .97 .97 March 1.01 1.00% 1.01 1.01% LARD— September .. 13 07 .... 13.07 13.12 October ... 13.15 13.10 13.17 January .. 13.60 .... 13.60 13.85 RIBS— September .. 11 95 11.87 11 95 11 87 October 12.05 Births Boy* Elmer and Martha Hornaday, 1223 N. Chester. Walter and Bertha Boger. 939 Elm. William and Delpha Clampttt. 242 E. Southern. Everett and Mabel Stout, 2616 Oraydon. Harry and Elsie Davis. 1511 Garfield PL Walter and Helen Schell. 1156 Eugene. Girls James and Violet Huber. 3914 Bvram. Henry and Edna Lahkamp, 2739 Madison. Benjamin and Macel Wiggs, 1006 Cornell. George and Evaline Walton. 1061 N. Traub. Norman and Rosallie Smith. 1947 W. Vermont. Paul and Goldie Harlan. 712 Livingston. Carl and Alice De Falco. Christian Hospital. Deaths Mary Hays. 84, 1731 N. Capitol, chronic myocarditis. Harry Lee Scott. 37. 2119 N. Illinois, broncho pneumonia. Henry Mortlmore. 70. Long Hospital, appendicitis. Albert E. Petty. '57. city hospital, acute appendicitis. Larry J. Hardin. 9 months. Riley Hospital. Inanition. Anna E. Stratton. 60. Central Indiana Hospital, broncho pneumonia. Martin Greenville Thompson. 79, 1710 W. Market, carcinoma. Wllltaim C. Lutz, 44 Central Indiana Hospital, general paralysis. Thomas E. Manlev. 29. Fletcher Sanitarium. acute parenchymatous nephritis. Isaac Weslev Ruby. 81. Methodist Hospital. .acute myocarditis. Edward P. Blaun. 63. Methodist Hospital. intesttnal obstruction. Ollle Belle Kersev. 47. 56 W. Thirtieth, pulmonary tuberculosis. Eli C. Phillips. 46. 10 N. Keystone, typhoid fever. Katherine Wallace. 60. St. Vincent Hospital. tubercular peritonitis. Abram R. Hollingsworth. 85. 1118 W. Thirtieth, hypostatic pneumon^. Wilma Harlan. 2 hours. 712 Livingston, premature birth. Mary McGaw. 71. city hospital, acute myocarditis. Mary E. Dixson. 72. 3315 Park, broncho pneumonia. Daniel McGuire. 54. city hospital, fractured skull, accidental. Delbert Brlilhnrt. 43. St.' Vincent's Hospital. peritonitis. Mildred Cameron, 37, city hospital, myocarditis. Bettv Jean Lepper, 11 months, city hospital. Ileocolitis. Theodore Moc.s, 18. Methodist Hospital, fractured skull, accidental. Margaret M. Pickett, 84. 938 Lexington, arteriosclerosis. Mary Bell Helm. 63, Sines Sanitarium, apoplexy. Fanny Crafton 27. Christian Hospital, general peritonitis. John F. Wilkinson. *7. city hospital, ene Dale Rhoday. 4. Riley Hospital, enterocolitis.

CITY ARCHITECT DRAWS LINCOLN SHRINE PLANS Selection of Thomas E. Hibben Is Announced by Committee. Selection of Thomas E. Hibben, Indianapolis, as architect to make the preliminary drawings of the Memorial building at the proposed $1,265,000 Lincoln Shrine in Spencer County, Lincoln’s home for fourteen years, was announced today by the Lincoln Union executive committee. Hibben is architect for the Butler University buildings at Fairview and was associate architect for the Indianapolis Chamber of Commerce. Appointment of Marcus Sonntag, Evansville banker, to head southern Indiana Memorial fund campaign, was announced. Frank C. Ball, Muncie manufacturer, is State campaign chairman. DAVIS TO MAKE REPLY Labor Secretary to Defend Self on htatur;.lization Fraud Charge. By United Press PROVIDENCE, R. 1.. Sept. 7. Secretary of Labor J imes J. Davis may come here later this week to amwer charges that he has obstructed investigations of alleged naturalization frauds. Milburn R. Gregory of Reno, Nev., junior vice commander of the Veterans of Foreign Wars of America, made the charges at the twentyeighth annual national encampment of the organization here yesterday. Secretary Davis will either come here in person to defend himself or issue a statement. DISPLAY RADIO SETS Sixteen Houses Have Exhibits at State Fair. Sixteen radio houses, all members of the Indianapolis Radio Distributors’ Association, have an exhibit ofradios and radio products covering about one-flfth of the space in the Manufacturers Bldg. Many models ore on display. State fair news and Grand 'Circuit race results are broadcast daily at 10 a. m. over WKBF, ’lousier Athletic Club station, operating 252 meters, - _

Crowds Learn Cow May Look Like What It Ain I

Cows, like people, many times look what they f ren’t. This is illustrated in two stall mates which lok exactly alike in the dairy exhibit in the Purdue Bldg, at the State fair. In one year one cow made a profit of $5.75 and the other a profit of $90.39. Records oi production and of feed consumed showed the exact performance of each animal. The forty cow test associations in the State, organized by Purdue, are helping the dairymen take the guess work out of their business. As part of the same exhibit are two cows from a farm near Indianapolis. The owner formerly fed alfalfa hay and corn. His cows showed an average profit of $94.39. He accepted university suggestions, •fed silage with the hay and balanced his grain ration, using ground corn, ground eats and linseed oil meal and his annual profit per cow jumped to $157.47. Leads in Canned Tomatoes Indiana is the leading State for production of canned tomatoes, 75,000 acres annually being given over to this crop. The average yield of tomatoes is between four and five tons to the acre. The Purdue University experiment station at Lafayette has originated anew strain of the Baltimore tomato which will average about ten tons to the acre and has yielded as high as thirty tons when handled in the best way possible, officials announced at the State fair. Auction Prize Stock The glory of being a prize-win-ning pig, steer-or lamb in the boys’ and girls’ club show at ths Indiana State fa’jr will be shortlived, at least foi most of them. The 200 baby beeves, fed by boys and girls in the bets calf clubs, will be sold at auction at 1 p. m. Friday in the Coliseum and the pigs and lambs, except the ones to be taken home to be kept in flocks and herds, will be sold privately. The club work is part of the Purdue University agricultural extension activity. Times Have Changed “The good old farm, it ain’t what it used to be’’ judging from several displays in the Purdue Bldg., at'the State Fair. One exhibit, put on by a former Indianapolis man, Harry J. Reed, assistant director of the experiment station at Purdue, shows that in 1852 when our forefathers used the flail, cradle and similar implements, it took an hour of labor to 'produce a half bushel of corn, twelve pounds of wheat, and eighty pounds of hay. Today the average farmer will produce one and onefourth bushels of corn, one bushel of wheat and 250 pounds of hay. Machinery, improved varieties of crops and better methods as advocated by the university and experiment sta)* , tell the story. Many in Auto Races More than twenty dirt track auto racers are expected to be registered by Thursday night for the speed program Saturday afternoon under the sanction of the contest board of the American Automobile Association. Ralph A. Hankinson will manipulate the starting flags.

Play Banyard Golf Horseshoe ent lusiasts met at 7 a. m.'to perfect their organization for the State championship singles contest which started this morning in front of the grand stand. Blackford County won first in the doubles event Tuesday. Style Show Is Delight Milady flocks daily to the style shows in the woman’s biilding and ill the Purdue University exhibit. The latest creations are displayed by experts for the edification and delight of the onlookers. * Wins Washington Trip Russell Risk, Franklin, Ind., won honors with his Poland China entry in the barrow class of the pig club. He will be given a trip-to Washington, D. C. / Milk Can Is Puzzle The mysterious milk can in the Purdue University building is still puzzling visitors. The can is suspended in mid-air with wires, and a steady stream of milk flows from its mouth. In front of the can is a relief map made from butter of the State of Indiana. Stone Cutter Popular George Givens, Bedford, Ind., always has a group of interested spectators around his stone cutting exhibit in the Indiana University building. Compressed air is the principal tool used. Midway Shows Clean William Holland, publicit director of the D. D. Murphy shows, is one of the busiest men on the fairgrounds. In addition to handling all publicity and advertising for the shows, he is genera; manager. He was recently congratulated by Guy Cantwell, president of the fair, on his clean shows. Complete Fish Exhibit The complete fish exhibit of the Indiana department of conservation was augmented Tuesday with several species from the Riverside Park hatcheries. Fireworks Stampede Stock Th'e Gordon fireworks may be a joy to spectators, but they are a terror to livestock Additional attendants are stationed in the horse and cattle barns each evening as the bombs and colors displays are discharged. No fatalities have resulted so far from minor stampedes in the barns. , Play Soothing Music To a visitor, annoyed by constant ballyhoo of the midway, the

art exhibit room in the west wing of the woman’s building offers a welcome relief. There amid the foremost efforts to Hoosier and out of State artists, the Oriole Trio •plays soft and soothing music. Every day there can be found art lovers and students quietly drinking in the beauty of the display. Horse Pulling Contest G. O. Hill and R. B. Cooley of Purdue University, who have charge of the horse pulling contest ln front of the grand stand each day, expressed satisfaction with the cooperation shown by farmers and other entrants in the contest. The show of strength draws a crown of spectators each morning. DENY UNION CHARGE Coal Magnate Says No Monopoly Planned. By United Press PITTSBURGH, Pa.. Sept. 7.—ln an affidavit filed in United States District Court here today, Frank E. Taplin of Cleveland, railroad and coal magnate, denied he had sought to obtain control of the Pittsburgh Coal Company. This company, the largest bituminous concern in the world, is a competitor of the Pittsburgh Terminal Coal Company, practically dominated by Taplin. John L. Lewis, international president of the United Mine Workers previously had filed an affidavit saying Taplin had related that he was purchasing Pittsburgh Coal stock, and asked that the union do the same, so that control might be wrested from the group which now dominates-^. Affidavits of labor leaders were filed as a result of the suit brought by the Terminal Company, which seeks an injunction to prevent union men from picketing. The hearing is scheduled for Friday.

THE CITY IN BRIEF

THURSDAY EVENTS Indiana State Fair. State fairground, all National Federation of Post Office Clerks convention. Claypool, all day. Women’s Auxiliary. National Federation of Post Office Clerks' convention, Claypool, all day. National Federation of Rural Mail Carriers' convention. Claypool, all day. Indianapolis Teachers' Institute, Caleb Mills Hall, all day. . Advertising Club luncheon, Spink-Arms. Real Estate Board luncheon. Chamber of Commerce. Traffic Club luncheon, Severin Indianapolis Engineers’ Club luncheon. BoE'l of Trade. ... , . Retail Credit Men’s Association luncheon. Chamber of Commerce Loval Knights of the Rou.id Table luncheon. Lincoln. .. , . American Business Club luncheon. Chamber of Commerce. _ . . _ . Sigma Nu luncheon. Board of Trade. Sigma Chi luncheon. Chamber of Commerce. While playing in her father’s auto, parked in front of the home, Jeanette Mitchell, 4, of 3822 Kenwood Ave., fell to the pavement and was injured about the head Tuesday night. —i— * Autos driven by Myron C. Northern, 951 W. Thirty-Fifth St., and Leo. Devine, 30, of 430 Highland Ave., collided at Sixteenth St. and Broadway, Tuesday night. William Northern, father of the driver was cut about the head, and treated at city hospital. Catherine Carpenter, 9, of 548 Chase St., is recovering at her home from injuries received Tuesday, when she fell ten feet from a barn loft. Grover Bradstreet, 19, of 2935 N. Dearborn St., is missing from his home. His mother told police she sent him to the store and he failed to return. He has been In ill health. Receivership will be asked by the State banking department for the Farmers’ State Bank, of Bainbridge, Thomas D. Barr, deputy state bank commissioner, announced. No loss to depositors is expected, but stockholders of the bank are expected to be assessed. Damages of $55,000 for personal injuries and damage to an automobile are asked in two suits filed in Federal Court today by James T. Cartraine and his wife, Florence M. Caradine, of Missouri, against Mike Blainas of Richmond. The suit concerns an automobile accident at Richmond Sept. 13, 1925. Martin Matthews, 1133 River Ave., and Frank Fox, 521 N. Garfield Ave., have been named inspectors in the city engineering office at sllO a month. SEEK BOY PURSE THIEF Youth Took Woman’s Money at Fair, Police Told. Police today sought a 13-year-old boy said to have stolen a purse containing $125 from Mrs. C. A. Weiser, the Severin, from the seat next to her while watching Grand Circuit races at the State fairground. Joseph M. Beck, 2129 N. Meridian St., reported a S4OO diamond ring stolen from his home. Thomas E. Dugan, 242 Blake St., reported that burglars had entered the home of his deceased father, Bartley Dugan, former fire department captain, at 316 Minerva St. He could not tell what had been taken. MAY PROTECT IIGGS _ I Dinty Moore Clubs Are Formed In West and South Marion. “Maggies” of West Marion and South Marion, Ind., beware! Articles of incorporation were filed in the secretary of State’s office today for Dintv Moore Clubs in each of the sections of Marion. Ind. E. E. Murray, J. E. Tarris and Lee Spencer are directors of the West Marion organization. John H. Bone, George Henigan and Dr. L. H. Eshelman are directors of the other elub* .

SEPT. ,7,19^.

CONGRESSMAN 1 WELCOMED BY* MAIL WORKERS A 'Clyde Kelley, Champion of Postal Employes, Will Speak at Banquet. Postal Clerk and Rural Carrier Federations and their auxiliaries, in convention here, suspended business sessions this afternoon to greet Congressman M. Clyde Kelley of Pennsylvania at the Union Station. Kelley, a'strong advocate of postal employes’ rights, is to address the united delegates and visitors at a banquet in his honor at 6 tonight at the Claypool hotel. The reception committee was composed of more than 1,000 men and women and was headed by the Indianapolis Postoffice Band. Kelley came here from El Paso, Tex., where he spoke before the National Federation of City Letter Carriers Monday. Election on Today Rural letter carriers’ officers were striving to conclude their convention late this afternoon. Election of officers was scheduled for this afternoon instead of Thursday, as originally planned. Postal clerks this morning heard an address by John T. Doyle, retary of the United States Service Commission at Washington; D. C., since the commission was formed in 1883. In answer to questions, Doyle said the commission favored legislation giving local civil service boards power to assume jurisdiction, ascertain facts and recommend to the commission in cases of demotion and dismissal, instead of leaving the power in hands of postmasters as at present. Lindy Made Member The clerks unanimously voted Col. Charles A. Lindbergh an honorary member of the organization, following similar action by the carriers Tuesday. A number of recommendations made by Secretary Thomas P. Flaherty and other officers were adopted by the clerks today. Among these were endorsement of the Norris amendment for abolition of the short, or “Lame Duck” session of Congress, establishment of strict seniority rights, and better illumination of postal work rooms. Flaherty reported the United States Public Health Service has found the lowest rate of good vision among postoffice clerks, due to poor illumination. Auxiliary Organized Organization of the new auxiliary to ihe Rural Letter Carriers’ Federation was perfected today and new officers elected. They were installed by Judd Austin, carriers president. Officers named were: Fresidenjj Mrs. F. E. Hesselroth, Braharß Minn.; vice president, Mrs. JudT Austin, Independence, Kas.; secretary, Mrs. John jCubreth, Cedar Rapids, la.; treasurer, Mrs. Henry A. Petschow, Pipestone, Minn.; executive committee, Mrs. Fred G. Goeglein, Ft. V/ayne, Ind.; Mrs. Herbert Fox, Vandalia, Ohio, and Mrs. Elmer H. Schmalfeldt, Indianapolis. The clerks’ auxiliary this morning heard an address by Mrs. Allen T. Fleming, Indianapolis, legislative chairman of Indiana Council of Women. LEGION PARTY TO SAIL FOR PARIS SATURDAY Fourteen City Persons Are Booked on Leviathan. By Times Special NEW YORK, Sept. 7.—Fourteen Indianapolis Legionnaires are booked on the Leviathan for the American Legion national convention at Paris. They are: Dr. Carlton B. McCulloch, 450 N. Meridian St.; Joshua E. Barcuo, 2515 Broadway; Frank H. Henley, 3118 College Ave.; Thomas Lanahan, Elks Club; Miss Elizabeth C. Busch, 960 West Drive Woodruff PL; Miss M. C. Connell, 2439 N. Pennsylvania St.; Raymond Grider, 819 E. SixtyThird St.; Rolland R. Schmedel, 4144 N. Capitol Ave.; Robert F. Daggett, 4904 Washington Blvd.; Kleberr W. Hadley, 4445 Guilford Ave.; Roy* Bailey, 2415 N. Capitol Ave.; Donui G. Boggs, Columbia Club; Joseph Al Minturn and Mrs. Miami Minturn, Peoples Bank Bldg. CAR THEFT IS CHARGED Charles Jeter Trailed and Arrested After Auto Is Taken. Charles Jeter, 32, of 513 Parker Ave., was arrested early today on charges of intoxication and theft of an automobile belonging to Albert Bloemker from in front of 430 N. Arsenal Ave. Bloemker, his father and Walter Derring, 1413 Marlowe Ave., trailed Jeter to 1100 E. Michigan St., where they said he was trying to enter a house, and caused his arrest.

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