Indianapolis Times, Volume 39, Number 110, Indianapolis, Marion County, 16 September 1927 — Page 21
SEPT. 16,1927
HIGHER LOANS BRING SELLING AT EARLY HOUR General Motors Issues and United States Steel. Show. Weakness.
Average Stock Prices
Average of twenty industrials Thursday Was 198.07. up .97. Average of twenty Jails was 140.08, off .17. Average of forty bonds was up .05. By United Pres NEW YORK. Sept. 16.—Another Increase in brokerage loans sending the figure to new high ground, $42,000,000 above the record figure established last week, worried the trading community today aud stocks .in early dealings sold off after an irregular opening. Record sales for August failed to stimulate further buying }n ‘‘General Motors. The old stock opened at 266%, off I*4 points in heavy profittaking and then declined to 266, The new was firm at 133%, but it also dropped, around 10:30 being at 133. United States Steel common opened at 158%, off %, declined to 158% and then recovered. Among the strong spots in the jfeirket were the mercantile shares moved against the general trend. Some of the rails also were In demand, particularly Chicago Northwestern which rose % to 96%. Frisco and New Haven rose, while Atchison sold off. Motor shares and oils were lower. Report 'Studied Having formed the habit of interpreting brokers’ loans in relation to the total volume of bank resources, Wall Street studied the weekly Federal Reserve statements with great care. These showed that the rise in collateral borrowings at this center to new high ground as of Sept. 7 and not impaired the position of the local regional bank. On the contrary, the institution's reserve ratio stood at 77-8 per cent, against 74.8 per cent a year ago, while that of the entire system was 76.7 per cent, against 71.6 per cent at this stage of 1926. This condition supported the main body of stocks •in early dearlings against selling based on a further increase of $42,952,000 shown in the loan statement published after Thursday’s close. Asa result, declines in the leaders were not extensive in comparison with recetn advances. Steel sold off a point, to 158%. General Motors a point to 236% and when issued shares % to 13. Late Morning Sales Some selling took place in the late morning on the theory that the resignation of Governor Crissinger of the Federal Reserve Board might gfh followed by the revival of the regarding the reduction of the rediscount rate at Chicago. However, the general list continued to receive good support and recessions in pivotal issues were held within narrow bounds. Considerable profit-taking came Into General Motors on the good news contained in its August sales report. The significant feature of this statement was that on the basis of estimated total output of between 310,000 and 315,000 units, etery second motor vehicle turned out last month was a General Motors product. Recent strength in Mack Truck has been based on prospects that the company would receive a large foreign contract. Goodyear Tire and Rubber Company common stock was one of the features of the list advancing to around its 1927 high at 56, a gain of 3% points.
Banks and Exchange
INDIANAPOLIS STATEMENT Indianapolis bank clearings today were *4,185,000; debits, $8,716,000. NEW YORK STATEMENT Bu United Press NEW YORK. Sept. 16.—New York clearings, *1.496,000,000; balance. $177,000,000. FOREIGN EXCHANGE Bit United Press NEW YORK. Sept. 16.—Foreign exchange closed Irregular. Sterling. demand, *4.86 1-32, .00 1-32: Irancs, 3.29 c; ilra. 5.44V4C, up .o%c; belga, 13.91%c, off .00%c; marks. 33.786 c. up .01c; Montreal, *1.0003125.
Produce Markets
Butter (wholesale price) Creamery Iwo (trades, a pound, 45®46c. Butterfat—Local dealers, 43®44c. Bg(ts —Strictly fresh delivered at Indianapolis, 28®30c (loss off). Poultry (buying pricesl—iiens, 20<321c; leghorn hens, 13© 15c; roosters. 10 fcl2c; broilers, >,i lb. up, 19©20c; Leghorns and small broilers, 14® 15c: turkeys, hens, 20<v?25c; young toms, 20®25c; old toms, 15 ©2oc: ducks, 12@15c: geese. 8@10c: guineas. 35c. By United Press NEW YORK, Sept. 16.—Flour—Quiet and easy. Pork—Steady: mess, $32. Lard —Quiet: midwest spot, [email protected]. Sugar —Raw, firmer, spot 86 test, delivered duty Said, 4.86 c; refined, firmer; granulated, .90® 6c. Coffee—Rio No. 7, on spot, 13V4> t/il3vc; Santos No. 4, 17tt®!l7t*,c. Tallow —Firm; special to extra, BViCaß%c. Hay— Easy; No. 1. $1.15®1.25; No. 3, 90c$l. Clover- oc®sl. Dressed poultry—Firmturkeys, 20@60c: chickens, 20®39c: broilers. 22®38c; capons. 30fi46c; fowls, 13® 31c: ducks. 13(y 22c; ducks, Long Island. 23®24c. Live poultry—lrregular: geese, 17c. ducks. 21 ©26c; fowls, 190 29c; turkeys. 30c; roosters, 16c: broilers, 22®31c. Cheese—Falrlyactlve- State whole milk, tancy to best, 26@26Vic; Young Americas, freun, 26Vic. Potatoes —Long Island, $1.50 ®4.15; Jersey. $3.25<?i'3.75: Maine, $2.75® 3. Sweet potatoes—Jersey. basket. 50c® $1.75; southern barrels. $1.7502.50; southern, basket. 51<91.13. Butter—Firm: receipts, 13,092; creamery extras, 46c; special market. 4flVs©47c. Eggs—Firmer; recemts. 11,170- nearby white State whites, 38®540; fresh firsts. 34®37c; Pacific coasts 37!f5454c: western whites, 34©42c; nearby browns. 45® 52c. By United Brest CHICAGO. Sept. 18.—Butter—Receipts. 7,081; creameries. 42V a ©43c; standards. 42c; firsts. 37'/2®3B'/aO; seconds, 36’/a® 36‘ac; extras. 45c. Eggs—Receipts. 9.920: ordinaries. 25®31c; firsts. 34<&35c; seconds. 20®23‘Ac. Poultry—Receipts. 2 cars; lowls, heavy. 24c; small, 15c: springs. 24c: ducks, heavy. 21022 c; small. 18c; geese. 144119 c: turkeys. 25c: roosters. 15c. Cheese—Twins. 24k4@245ic; Young Americas. 26@28Vic. Potatoes—Arrivals. 149; on track. 326; In transit. 898; Wisconsin, sacked round whites. [email protected] according to quality and condition: Minnesota sacked Red River Ol ios. $1.40471.55: sacked sandland Ohtos. $1.30® 1.45; sacked round whites. sl.Bsffl'l.Bo: Nebraska sacked cobblers. $1.40® 1.55: Idaho sacked russets. $2.60; sweet potatoes. sl®2.sG Bhp.>/ li tiled Press • WT CLEVELAND. Sept. 16.—Eutter—Extras In tub lots. 4'iVi@ 3s'/aC; firsts. 41 1 /j@42V 2 c; seconds. 39'/a®46tic: packing stock, 28c; prints. 1 to 3c higher. Eggs—Extras, 41c: extra firsts, 39c; firsts. 33c; ordinary. 29c: pullet firsts. 23c. Poultry—Fowls, 35©26c: Leghorn fowls, 17® 18c; heavy springers. 35W27c: springers. 22®24c; cocks, 15®17c: ducks. 21®23c. Potatoes—Jersey, sfck, $3.85®3.90; Ohio round white.
1 New York Stocks ■ Bi Thomson A McKinnon
—Sept. 16— Railroads — Prev. High. Low. Close, close. Atehlson 193 192% 192% 193% At Coast L 197% B & O 121% ... 120% 121 Can Pacific 184% ... 184% 186 C & O 195 ... 195 196 C ,1c N W 97 85% 96 96% t a & P 108% ... 168% 109 Dfcl & Hud 207 ... 207 208% Del & Lack .....133% ... 113 133 Erie .. ..... 60% 60 60 % 80% Erie Ist pld ... 59% ... 59% 60 Ot No pfd 102 % 101% 101% 102 Lehigh Val 108% K C South 84% ... 64% 64% L & N 153% ... 153% 156% M K & T 45% ... 45% 46% Mo Pac pfd ...104% 104% 104 104 N Y Cen 165% N Y N II & H 51 50% 51 50% No Pacific 96% ... 95% 96 Nor & W 186 ... 186 187% Per? Marq 134 ... 133% 134% Pennsy 67% 67% 67% 67% Reading 117 118% 116'', 117% Southern Rv 134 ... 133% 134% Southern Pac ..120% ... 120 120% St Paul 19 18% 19 19% St Paul pfd ... 33% ... 33 34 St I, & S W 82 St L & S P ...113% 113 113% 114% Union Pac 1907, 191% 19074 191 Wabash 70% ... 69% 70% Wabash pfd ... 96 Rubbers— Aiax 8% 8 8% 8% Fislc 17% 17 17% 17% Goodrich 76% 75% 75 76 Goodyear 56 527, 56 52% Kelly-3pg 28 27% 28 27% U S Rubber ... 53% 51% 53% 52 Equipments— Am Car & F ...102% ... 102% 103% Am Loco ... ... 110 Am Stl Fd .. 54% \54 54% 54% Bald Loco 260 256 256% 260% Gen Elec 141 ... 139% 142 Lima 64% .n. . 44% 64% N Y Air Bk ... 46% ... 46% 46% Pres Stl Car.... 73% 71% 72% 71% Pullman 78% 77% 77% 78% Wcth A B 196 .„ 194>i 196 Wsth Elec ...... 88 ... 86% 8744 Steels— Bethle 63% 63 63% 63% Colo Fuel 86% 85% 85% 86 Crucible 93% ... 92% 93 Gulf St Btl 45 Inland Stl ... ... 52 Phil RCSc I 40% 39% 39% 40% Ren Steel 67% 67 67% 66 Sl-Shef 130 V 8 Steel 160% 158% 1597, 159% Alloy 28% Vanadium 53% ... 52% 54 Motors— Amer Bosch .... 25% „.. 25% 25% Chandler 21% 21% 21% 22 Chrysler 60% 59% 60 60% Cont Motors .. 10% Dodge 18 17V, 17% 18% Gabriel ...' 43% 43% 43% 43% Gen Motors 288% 2657, 267% 267% Hudson 85% 84% 65% 85% Hupp 187, ... 18% .18% Jordan 18% ... 18% 19% Mack 106% 105 106 1067, Mar Par ... ... 18% Moon 7% Nash 917, 91% 91% 92 Packard 41% 41 41% 40% Peerless ... ... 23 Pierce Arr .. 11 Studebkr 60 59 59% 60V, Stewart War .... 65% 05% 65% 65% Timken 129% 124% 127 126 Wlllys-Over .... 17% 17 17% 17% White Mot 41% 41 41 42% Mining— Amer Smelt 179% 178% 179% 179% Anaconda. 47% 47% 47% 47% Cer De Pa3 66% 66 66% 66% Inspir 18Vs ... 18% 18% Int Nick 68% ... 67% 67% I'ennec 77 75% 77 76 Magma 38% 38% 38% 37% .Tex G & 5U1.... 72% 69% 72 69% U S Smelt 41% Oils— At Ref , 121 ... 119% 120% Cal PetJ 22% ... 22% 22% Freep Tex 81% 80 80% 78 Houston 150% 147 V, 149 148 Indpt OH 20% ... 20% 20% Marland C .... 85% ... 35 36 Mid C Pete ... 32% 32% 32% 32% Lago _ 31% Pan-Am Pete 8'50% ... 49% .50% Pacific OH 29% Phil Pete 42% ... 41% ... Union Oil 42% 42% 42’/, 43 Pure Oil 26V, ... 26% 26% R’V'l Dutch .... 46% ... 46% 46% Shell 26% ... 25% 25% Sinclair 17% 17% 17% 18 Skelly 23% ... 26V, 28% S O of Cal ... 54% ... 54% 54 S O Os N J.... 40 39% 4040% SOof N Y 31% 31% 31% 31% Texas Cos 50% ... 49% 50 Trans Pete .. 7% 7% 7% Industrials— Adv Rumly 11% Allis Chaim 117% ... 117% 117% Allied Chem ...166 ... 184% 166% Armour A 9% ... 9% 9 Amn Can 64% 62% 64 63V, Am H-L 10% ... 10% 10% Am H-L pfd 64% Am Safety R .. 48% ... 48% 49% Am Wool :!4% ... 24% 25 Central L 18 Coco Cola 129 127 128% 137% Cont Can 73% Cert Prods 51 Dav Chem 35% . 33% 36% Dupont 335 330 332 325 Famous PI 104 V, 103% 104% 104 Gen Asphlt 73% 73 73 73 V, Int C Engr 49% 49 49% 50% Int Paper 54% ... 54V, 54 Int Harv 234% 232 233 233% May D Sta 80% 80 80% 80 Mont Ward 80% 78% 80% 78 Nat Lead . . 126 Owen Bot 76% ... 76% 77 Radio 6.7% 63H 66V, 65% Real Silk 24 ... 24 33% Rem Type 39 38% 38% 38% Sears-Roeb 76% 75% 76% 75% United Drug ....159 ... 169 170 Unlv Pipe 36% USCIP 209% ... 208 210% U 8 In A1 : ... 78% Woolworth i89% ... 189 190 Utilities— Am TANARUS& T 177% 178 V, 177% 176% Am W W 58% Brklyn Man .... 54% ... 54% 55 Col Gs &El 95 ... 94% 94% Cons Gas 118% ... 117% 117,., Interboro /. 32 ] No Am Cos 55% ... 55% 55% Peonies G ... 150% S Gas *EI 64% ... 64 63’, West Union ....164% 163 164 V, 162% Shipping— Am In Corn .... 54 ... 54 54 % Am 8 Sc C 3% Atlantic G 36% 35 35 36% In M M pfd ... 38% ... 38% 38% United Fr 145% ... 144 ITBV, Food,— Am Sugar 92% 91% 92 93 A B Sugar 19% 19% 19%* 19 Austin N gw g Calif Pkg 66 orn Prods ..... 57% ... 36% 67% üba C pfd 3 Cuba A Sug ... ... 24% Fleisehmann ... 61% ... 61% 61% Jewel Tea 66 .. 66 66% Nat Biscuit ....143% 142% 143 143 Punta Ale 371/, fostum 123% ... 123% 121% W Bk (B) TobaccosAm Sums 60% 60% 60% 60% Am Toh 153 ... 153 153% Am T (B) 152% Cons Cigars 82 80% 82 81% Gen Cigars 67 ... 67 67 Liggett 124% ... 124% 124% Lorlllard 40% ... 40% 40 R J Rey 151 .... 151 150% T°bP <B) 99 98% 9f> U Clg Stor ' 35% Schulte R S 56 55% 56 56
FATHER KILLS ONLY SON Can’t Explain Why He Strangled 11-Year-Old Boy. By United Press LOS ANGELES, Sept. I.—An unexplainable Impulse caused Matt Minarich, 35, to strangle his only son, John, 11, and then throw the body to the bottom of a fifteen-foot ditch. The distracted mother told police the father and son had gone walking last night. Thirty minutes later the father returned to announce the murder, police said. He could not explain why he killed his only son. SIDNEY BANK IS CLOSED State Institution Ordered Shot by Commissioner Symonds. The Sidney State Bank at Sidney, Ind., Kosciusko County, was closed today on order of State Bank Commissioner Luther Symonds, following an examination of the bank affairs by Examiner S. P. Good. The agricultural depression and subsequent business fall off In the town caused the closing of the bank, State officials said. INSTALL $25,000 ORGAN Robert Morgan Instrument Ready for Rivoli Theater Opening. A modern Robert Morton “gold-en-voiced” organ has been Installed in Universal’s new Rivoli theater, E. Tenth and N. Dearborn Sts. The organ represents an Investment of $25,000. __ _
PORK MARKET STAYS STEADY; sl2 STILL TOP Cattle, Sheep and Lambs Unchanged; Calves Go Up 50 Cents. 1 —Hog Price Range— Sept. Bulk. Top. Receipts. 9. [email protected] 11.65 6.500 10. 11.35® 11.75 11.85 3.500 12. 11.50I&12.00 12.10 4.500 13. U.5015:12.00 12.05 7.000 14. 11.50W12.10 . 12.15 6.000 15. 11.75ai2.00 13.00 5.000 16. 11.50 (£>12.00 12.00 6.000 A steady condition held in light and medium class hogs today on the Indianapolis livestock market, the top price remaining at sl2 on the hundredweight. Little was done with weighty meat animals over 300 pounds, one load going at $11.50. Practically the same condition prevailed at/ Chicago. Receipts here approximated 6,000, with 857 holdovers. Bulk sales were $11.85 (g) 12, mostly $11.90. Hog Price Range Pigs were quoted at $9 @10.25 and packing sows went at $8.75 @lO. Hogs in the 130-160-pound class were [email protected]. Those from 160 to 200 pounds were $11.50@12, and heavies above 250 pounds were dull, some going at $11.75@12. Slaughter classes were steady in the cattle market, beef steers going at $10.50@>14; beef cows, $6.50010; bulk stock and feeder steers, $7.25 @ 8.50, and low cutters and cutter cows, $4.25 @5. Calves Higher Top price in the calf market advanced 50 cents over Thursday’s high, sending best vealers to sl7. Receipts were about 700. The sheep market remained steady, receipts estimated at 1,500. Top fat lambs were higher, at $13.25. Bulk fat lambs were sl2 @ 12.75; bulk cull lambs, s7@9, and bulk fat ewes, [email protected]. - Hogs—--6l000; market generally steady. t l !®. lbs $ a.oo® 10.25 130-160 lbs 10 25^x1150 250 lbs. UP 10.75® 12.00 —Cattle— Receipts. 600; market steady. Beef steers $10.50014.00 Beef cows Low cutters and cutter cows.. 4.25&J 5.00 Bulk stock and feeder steers... 7.23C4 bSO —CtIKl— Receipts. 700; market higher. dealers $16,000 17.00 Heavy calves 6.50® ".d.OO —Sheep and Lambi— Receipts. 1,500; market steady. Top fat lambs *13.25 l u |k fat lambs 13.000 12.75 Bulk cull lambs 7.00® 9.00 Fat ewes 4.50® 6.50 Other Livestock By United Press _ £? ICAG ?-, Bept. 16.—Cattle—Receipts. 2,000; most killing classes steady; shestock strong; no choice steers here; bulk grassy offerings *10.50, downward to *9sprinkling of grain fed steers, *13.50. up to *l4; 861 lbs., mixed yearlings at the outside price; few western grass cows up to 58.50 and better: bulk native and western grass cows. *5.5008; cutters largely *4.65® 5.25; nothing done on bulls: vealers less active, mostly sl6® 16.50. Sheep Receipts, 12.000; fat lambs active, native lambs 25c higher, westerns firm; bulk of natives lightly sorted, 13 13.25; best selections held around *13.50; few 110-130 lb. buck lambs. *ll6 11.30; culls, $9,500 10.25; good Idaho lambs sorted 25 per cent, $13.50; choice Utahs. sl4; eheep strong, fat ewes, $5.50(86.35 mostly; fteding lambs steady. Indications unchanged; bulk price range lambs sl4 late Thursday. Hogs (soft or oily hog, and roasting pigs excludedl —Receipts. 13,000; jnarket steady to 25c lower- pigs 254750 c Higher; heavyweight, 250-350 lbs., medium to choice, $10.35011.80; medlumwetght, 2000250 lbs., common to choice. *11.: 5® 12; lightweight, 160-200 lbs., common to choice. $11(812: light lights. 130-160 lbs . common to choice. $9.50011.75; packing sows, smooth and rough. $9.35® 10.25: slaughter pigs. 90-130 lbs., medium to choice. $8.75® if. Slaughter cattle and calves—Steers. 1,500 lbs. up. good and choice. $12.75(815.75; steers, 1.100I, lbs., choice. *15015.75; good. $12015; steers, 1,100 lbs. down, choice. $14,500 13.65; good, $11.50(8.14.75; medium. $8.75® 12.50; common. $8.75@9; light yearling steers and heifers, good and choice. 850 lbs. down, $10.75(815; heifers, good and choice. 8.50 lbs. up. $8.75® 13: common and medium, all weights. *6.25010.25: cows, goo dand choice. $8.75010.25: common and medium. $5.25®6.75: low cutter and cutter cows. >4.6005.25: calves, medium to choice. $7(810; vealers. cull to choice. s7® 18.50; feeder and stock cattle. steres, common to choice. $6.75010.50. Slaughter sheep and lambs—Light and hsndywelght lambs. 92 lbs. down, medium and choice. $11.73(014.10: cull and common.- all weights. $9.50®11.75: ewes, medium to choice. $3.76 0 6.50: cull and common. $1.60 ®4; feeding lambs, range stock, feeding lambs, medium to choice] $12.25014.15. BUnited Press CINCINNATI. Sept. 16.—Hogs—Receipts. 4.800 ;holdovers, 1,936; market, uneven, steady to 10(815c down: 250-350 lbs., *ll (812.10: 200-250 lbs., *11.85(812.10; 160200 lbs.. [email protected]: 130-160 lbs.. *ll® 11. 90-ISO lbs., $8011.26; packing' sows, s ß9@>lo. Cattle—Receipts, 2.500; calves, 400; market, strong: beef steers, *90:11.75: llghrt yearling steers and heifers, *7O 11.50: fceef cows, $507.60; low cutter and cutter cows. $4(0.5; vealers, $10@15; heavy calves, *10012: bulk stock and feeder steers, $8(89. Sheep—Receipts, 2,200; market. steady; top fat lambs, *l4; bulk fat lambs. *11@14; bulk cull lambs. *709: bulk fat ewes. $406. By United Press C. EVELAND, Sept. 16.—Hogs—Receipts. I. market, steady. 5c up; 250-350 •lbs.. $10.50(812.15; 200-250 lbs.. *11.75012.25; 160-200 lbs., *12.15012.25: 130-160 lbs.. *11.12.15: 90-130 lbs.. *IO.SO©U: packing sows, *9(8:10.50. Cattle—Receipts, 300; calves, 150: market, slow, weak: beef steers, $8.50(89.25; beef cows. *5.5007; low cutter and cutter cows, *3.5004.75; vealers. sl4® 17; heavy calves, $13015. Sheep —Receipts. 100: market, steady. 25c up; top fat lambs. $14.75; bulk fat lambs, sl4 (014.50: bulk cull lambs, $10011.50; bulk fat ewes. $508.50. By Times Special LOUISVILLE. Sept. 16.—flogs—Receipts, 800; market, steady; tops. sl2. Cattle— Receipts, 300; market, steady. Calves— Receipts. 400- market, steady; good to choice, $11.50014; medium to good. $8.50@ 10.50; outs, $8.50 down. Sheep—Receipts, 800; market, steady; mixed lambs, $12.50; ewes and wethers. sl3: seconds, $8; sheep, $305. Bn United Press EAST BUFFALO, Sept. 16.—Hogs—Receipts, 1.207; maiket, steady: 250-350 lbs., $11012.25: 201-250 lbs.. *12.10012.50; 160200 lbs,. $12.10012.50; 130-160 lbs., sllO 12.10; 90-130 lbs., slo]so@U; packing sows, $9.25010. Cattle —Receipts, 350; calves, 600; market, steady: salves. 50c up: beef steers. *9011.25; vealers. *17017.50. Sheep —Receipts. 2.800: market, steady; bulk fat lambs. *14.50; bulk cull lambs. *10011; bulk fat ewes. $5.5006.50. By United Press PITTSBURGH. Sept. 18. Hogs—Receipts. 1,000: market, steady to stronger; 250-350 lbs! *11.25012 : 200-250 lbs.. *l2O 12.40: 160-200 lbs.. *12.25® 17.60: 130160 lbs.. *11.25012.25; 90-130 lbs., sll® 11. packing sows. *9.25®>9.75. CattleReceipts. 60; calves, 75; market, steady: beef steers. *10.500 12.50: vealers. *13.75 016.50. Sheep—Receipts. 400: market, steady to 23c up: top fat lambs. $14.75; bulk cull lambs. *BOIO. By United Press TOLEDO. Sept. 16.—Hogs—Receipts. 500; market, strong to 15@25c up: heavies, *ll 011.65; mediums. $11.90012; Yorktrs, *11.90012.30; good pigs. *9.50010.50. Cattle—Receipts. 150: market, strong. Calves —Receipts, light: market, strong to 50c up. Sheep and lambs—Receipts, light; market strong. Young Deer Raises Hob In Case woops HOLE, Mass., Sept. 16. A young deer leaped through the plate glass window of a Main Street restaurant, upset a showcase, sent patrons scurrying to corners and fled from the building
THE INDIANAPOLIS TIMES
Commission Row
PRICE TO RETAILERS FRUITS Apples—New apples (40 lbs.) Wealthy. $2.2502.50; Pearls. $2.5002.75; Oravenstelns $3; Jonathans, *2.50®3; Grimes. $3.2502.75; summer Rambos. $2.50; Duchess. $202.50: Malden Blush, $2.50 03. Bananas—s@7c 10. Cantaloupes—lndiana, standard crates, *1.5002.50: flat crate. 75cfi1.25; Tip Top. bbl., ss@6 Grapes—California seedless. (1.3501.50; Malagas. *1.5001.73. Honeydgw Melons—*2.soo3. Huckleberries—Michigan. 16 ats.. *4.25® 4.50; basket. $3. Lemons—Calllornla. (12012.50. Limes—California, S3 per nundred. Oranges—California Valencias. crate. $3.7508.50. Peaches—Elbertas. $2.2502.50. Pears—California Bartletts. per box. $3.5004. Plums —Idaho prunes, $1.23 crate; Damsons, $3.50 bu.; large blue, $3 bu. Prunes—ltalian. $1.15® 1.25. VEGETABLES Bean—Btrlngless, 75c@(1.25 bu.; H. G. lima, 35c lb.: Kentucky Wonders, 50075 c. Beets—H. G.. $1.50 bu.; 30c defe. Cabbage—H. G.. 2403 c id. Carrotts—H G.. 35c dot.; bulk. 90c® *1.25 bu. Cauliflower—Colorado, $3 03.23 crate. Celery—Michigan. Highball. 90c0*1.25; Michigan bunches. 35n50c: flat crates. $1.1501.50. Corn--H. G.. 100lSe do*. Cucumbers—H. G., 50<8 65c do*. Eggplant—H. G., *2 0 2.25 do*. Garlic—California. 15c lb. Kalb—H. 0.. 50c bu. Lettuce—California, head. $3 0 2.50 crate; H. O. leaf, 15 lbs.. 75c. Mangoes—H. G.. 75c@$l bu. Okra—Tennessee. 50(8 75c basket. Onions—Spanish. 52.2502.50 crate: H. G. green, 40c dozen: H. G. yellow. *1.25 bu.; Ohio yellow. $2.25 cwt.: pickling. *1.50 (12 lbs.). Parsley—H. 0., 35c per dozen. Peas—Colorai e. 50 lbs.. *5. Potatoes—Mich.gan, 150 lb*.. *3.500 3.65: Kansas Ccbblers. 120 lbs.. *2.50: Early Ohlos. 120 lbs.. *2.2502.40. Radishes —H. G.. white. 35c: red. 35c: H. O. buttons. 40c do*. Rutabagas—Per bu.. S2. Sweet Potatoes—Virginia. *3.25 0 3.50; Nancy Halls. *1.1501.25 hamper. Spinach—H. G.. 75c bu.; broadleaf. *1.50 bu. CHICAGO, Sept. 16.—Berries—Blackberries. *[email protected] per 16 ats.; red raspberries, *2(82.50 per 24 pts.: blueberries. *4/84.50 per 16 qts. Green Prults—Apples, *2(8.2.50 per bu.: cantaloupes. tl.So®2 per crate; f rapes. 23 0 27c per basket; peaches. *2O .50 per bu.; pears. *1.5002 per bu.
In the Cotton Market
(By Thomson Sc McKinnon) NEW YORK. Sept. 16.—1 think you are apt to lose the thread of the market by paying too much attention to the newspaper stories of Thursday's decline. We started the dav by saying the market would turn easy at 11 a. m. unless we get unfavorable weather predictions. Stop loss orders did the rest. The market is In better technical condition. The price level Is near the point where Europe, will buy extensively. 4 BRISBANE VISITS CAL Editor Is Luncheon Guest at White House. By United Press WASHINGTON, Sept. 16.—Arthur Brisbane, editor of Hearst newspapers, was a luncheon guest of President Coolidge at the White House today. Brisbane expressed his belief that Governor Smith of New York would be the next Democratic presidential nominee. He said he believes Charles E. Hughes and Secretary of Commerce Hoover are leading candidates for the Republican nomination. He believes President Coolidge’s “choose” statement clearly expressed the President’s attitude that he does not desire to be a candidate, but could be drafted. Births # Boys Vernon and Lora Workinger. 727 N. N LesilV a'nd Lucile Hallam. 5608 Guilford. Gale and Haze' Butler. 309 8. Holme*. Harry and Mary Warrenburg. 1635 Pinley. Glenn and Phoebe Smith. 829 W-.shlng-ton. John and Dorothy Feenogle. 1731 Blaine. Jewel and Mary Dortch. 1345 Relener. Emlen and Julia McAdams. 1802 8. Eastern. Daniel and Frances McMlllen. 1517 N. Tuxedo, George and Ethel Carroll. 316 8. Davidson. James and Ruth Smith. 2614 N. Sherman. Floyd and Pern McCray. Long Hospital. William and Pearl Bohr. Long Hospital. William and Rose Welch. Long Hosplatl. Rllev and Stella Flsner. Long Hospital. Glen and Helen Stelnhart. Clark Blakeslee Hospital, James and Nancy Proctor. Methodist Hospital. Theodore and Mildred Woodbeck. Methodist Hospital. J. P. and Grace Btlckford. Methodist Hospital. Bernett and Ruth Kivttney. Methodist Hospital. Walter and Minnie Anglemeyer. Methodist Hospital. _ Harry and Gertrude Townsend. 1322 E. Washington. Lewis and Bessie Brown, 1112 Fletcher. Chris and Mary Barton, 1025 N. Alabama. Seymour and Emm* Shears, 1258 Nordyke. Charles and Margaret Trobaugh. Christian Hospital. Glrla Phillip and Rose Seyfrled. 1509 Union. John and Eliza Chapman, 2049 N. Yandes. Russell and Ruth Marshall. 2835 Standard. Herschel and Bessie Arney. 1017 Ashland. Brodls and Olive Wallace. 845 W. New York. Harvey and Angeline Stiver, 822 E. Bates. Obart and Myrtle Purdy. 2242 Langley. George and Florence Pfeifer, 3848 E. Tenth. Carl and Sarah Cross. Long Hospital. Virgil and Laura Bartley. Long Hospital. William and Opal Yount. Long Hospital. Walter and Harriet Porttsus, Long dotpitai. Arthur and Minnie Boger, 922 Lexington. Archie and Vivian Phelps. 1437 E. ElevLeo and Agnes Budenz. 1131 E. Raymond. Twins Albert and Edna Bennett. 341 Trowbridge, boys. Charles and Ida Suter, 3042 N. Station. Lewis and Mona Clark, 2860 N. Adams. Henry and Mabel Courtot. 905 N. La Carl and Myrtle Daugherty. 1007 S. Tremont. George and Edith Le Vegue. 1823 Hoy*. Deaths Edward Candle, 1. 2201 Pleasant, tubercular pneumonia. Eurlth Williams, 82. If 54 W. TwentySeventh, mitral Insufficiency. Emma Belle Ludwig. 40. Methodist Hospital, accidental. Flora H. Holaday. 68. Christian Hospital, appendicitis. Robert L. Jones, 63. 926 E. Forty-Fourth, acute cardiac dilatation. James Henry Sylvester. 75. 3040 Meredith, chronic Interstitial nephritl*. Lucian Willis Bugbee. 56, 4170 Guklford, Parkinson's disease. Henrietta Jones. 65, 1030 Elm, acute dilatation of heart. Samuel Leathers. 33, city hospital, chronic nephritis. Susan N. Moore. 7*. 2933 N. Pennsylvania. diabetes mellltus. Alma Pointer. 52. St. Vincent’* Hospital, chronic myocarditis. Estella Wynegar, 9, Riley Hospital, fractured skull, accidental. Harry J. Wyatt. 52. 2101 Blvd. Place, acute bronchitis. George P. Swanson. 33. city hospital, mitral insufficiency. Helen Grace Stone. 21. 1226 Shepgrd. cirrhosis of liver. Charles Barker. 45. 1700 S. Sherman Drive, myocarditis. Harry Everett Meade, 5. city hospital, •’cute myocarditis. Prank Elff, 93, 517 N. Deaarborn, arteriosclerosis. Florence Della Pfeifer, 34. 3848 E. Tenth aacute dilatation of heart. Mary E. Blckell. 75. 5828 Oak. chronic myocarditis. William H. Drane, 68. 3752 Kenwood, myocarditis. Edgar Joseph Lampson. 59. 519 8. New Jersey, chronic myocarditis. Edith A. Trice, 30. city hospital, acute cardiac dilatation. Mary Webb. 65. 1724 Arsenal, lobar pneumonia. Ada B. Harris. 61 1120 Earhart. hemplogia. Arthur C. Kltzmlller, 32. city hospital, pulmonary tuberculosis. Paul Eugene Philip.', 7 months, city hospital. septicaemia Morris 8. Htrs.i. f4, 502 E. ThirtyEighth, chfjulc bronchitis. Mattie Hannch Latham. 38. 538 W. New York, rarcinoma.
WHEAT MARKET UNEVEN; CORN OPENSJ.OWER Oats Unchanged to Higher; Major Grain Ready for Canadian Mart. By United Press CHICAGO, Sept. 16.—Opening wheat quotations were nervous toctey, being %c higher to %c lower than the previous Corn was decidedly bearish and opened %c to l%c lower. Oats opened unchanged to %c higher. Movement of new wheat to Canadian markets will be in full swing in a few days. The movement in the American Northwest is breaking all records and hedging pressure has resulted. The export business Is not picking up. Liverpool was stronger today. News in the corn pit was bearish. The drop in temperatures over the belt and rains in lowa and northeastern Illinois came in time to forestall any damage which might have resulted from excessive heat. The crop has advanced rapidly in the last two weeks, and as there is no immediate danger of frost, prices are likely to be lower some time. Deliveries on September contracts here this morning reached 1,250,000 bushels, a record for this month. Oats presented no individual features. Provisions opened unchanged. Chicago/ Grain Table —fispt. 18.— WHEAT— Prev. Open. High. Low. Close, close. Sepl.. 1.28% 1.27% 1.25 1.27% 1.26% Dec.. 1.30 1.30% 1.28% 1.30% 1.29% Mar.. 1.33 1.33% 1.32% 1.33% 1.33% CORN— Sept.. .94 .94% .90% .91% .95% Dec.. .96 .96% .92% .94 .96% Mar.. .99 .99% .95% .90% .99% OATS— Sept.. .44% 45% .44% .45% .44% Dec... .47% .48 .47 .47% .47% Mar. .50 .60% .49% .50% .50 lArd— Sept. 12.90 12.90 12.80 12.80 13.10 Oct,. 13.15 13.15 12.55 12.82 13.15 Jan 13.50 13.52 13.02 13.17 13.55 RIBS— Sent 12.30 12.30 12.10 12.10 12.30 RYE— Sept.. .93% .94% .93% .94% .93% Dec... .96', .97 .95% .97 .95% Mar.. .99’i 1.00% .98% 1.00% .99% By Times Special CHICAGO. Sept. 16.—Prlmarv receipts: Wheat 3.160.000 against 1.852;000: corn. 896.000 against 520.000; oats. 460.000 against 442.000. Shipment* Wheat 1.065.000 against 758.000; corn. 584.000 25*000 27! ' fK>0; 04tS ’ 201 - 000 against By Times Special CHICAGO. Sept. 16.—Car lota: Wheat, 43: corn. 323; oats. 39; rye. 1.
In the Sugar Market
(By Thomson Sc McKinnon) NEW YORK, Sept. 16.—That sentiment In favor of higher prices of sugar Is not misplaced Is revealed bv the gradual hardening tendency of the raw sugar market. which Is also reflected In futures. The general position Is much stronger than It was a few weeks ago. and has been aided by the efforts of the Cuban gomnment to restrict production In co-operation with other producing countries. I se<> no reason for any change In the present trend of the market.
Indianapolis Stocks
—S:pt. 16— —Stocks—- ' Bid. Ask. Amer Central Life 550 Amer Cresotlng Cos pfd 101 % ... •Belt R R com 66% 69 Belt R R pfd 58 Cent Ind Power Cos pfd 92 95 Cities Service <Jo com 49 Citle* Service Cos pfd 90% ... Citizen* Gas Cos com 56 58 Citizen* Gas Cos pfd 105 Commonwealth Loan Cos pfd...100 Equitable Securities Cos com.. 51 •Hook Drug Cos com 39% ... Indiana Hotel com 135 Indiana Hotel pfd 101 Indiana Service Corp pfd Indianapolis Oas com . . ... 80 Indpls Sc Northwestern pfd... 53 Indpls P te. L 6%s pfd ..99 101 Indpls P Sc L 7s pfd 98 Indols Puh Wei Ln Assn .... 47% ... Indianapolis 8t Rv pfd 37% 39% Indpls Water Cos pfd 103 Indpls Water Wks Bec Cos 97 Interstate P S pr lien pfd.... 101 Interstate P 8 6s pfd 83 Merchants Pub Util pfd 100 North Ind Pub Service pfd.... 96 98 •Progress Laundrv com 24 Rauh Fertilizer pfd 50 Real 811 k Hoslery-pfd 84 91 I T H I <fe E com 1 THI Sc E pfd 20 27 1 T H Trac & Lt Cos pfd 91 97 Union Trac of Iv.d ccm.... I Union Trac of Ind Ist pfd 7 Union Trac of Ind 2d pfd 2 Union Title Cos com 85 Van Camp Pack Cos pfd 5 Van Camp Prod Ist pfd. 96 100 Van Camn Prod 2nd pfd 100 , —Bank Stocks— Aetna Trust and Sav Cos 118 Bai kers Trust Cos 133 City Trust Cos .150 Continental National 118% ... Farmers Trust Cos 240 Fidelity Trust Cos 162 Fletcher American 173 175 Fletcher Sav and Trust C0...275 Indiana National Bank 264 268 Indiana Trust Cos 230 Livestock Ex Bank 162 Mkrion County Bank 216 Merchants Nat Bank 325 Peoples Btate Bank 220 Security Trust Cos 275 State Savings and Trust ... 100 Union Trust Company 460 Wash Bank and Trust Cos 162% ... —Bonds— Belt R R and Stockyards 45... 90 Broad Ripple 5s 80% ... Central Indiana Gag 6s 98 Sent Ind Power Cos 6a 103 hi S Bend Sc N Ind 5s 10 Citizens Oas Cos 5s 103 104% Citizens St R R 5s 87 89 Gary St Ry 5s 89 91 Home T and T of Ft W 65..103! ... Indiana Hotel 5s 100 ... Indiana Northern 5s 2 Ind Ry and Lt 5s 95 Ind Service Corp 5s 92% ... tnd Union Trac 5s 3 Indpls Col Sc South 6s 99 101 Indpls Gas Cos 5s 100% . . Indpls Sc Martinsville 6s 81 Indpls Northern 5e 19 24 Indpls Sc Northwestern 5s 81 Indpls Power and Lt Cos 55.... 98 98% Indpls St Ry 4s 68 70 Indpls Trac and Term 5s ... 95% 96% Indpls Union Ry 5s 101 Indpls Water 6%s 104% 105% Indpls Water Ist 5s 99% 100% Indpls Water 4%s 97 Indpls Water Wk Sec Cos 65... 98 Interstate Pub 8 6s 104 Interstate Pub S Bs 6%s 105% ... N Ind Pub Serv Cos 5s 98 ... T H I Sc E 5s 86 T H Trac and Light 5s 97 Union Trac of Ind 6s 16 17% * Ex-divldend. —Liberty Bo.ada—--Ist 3%a 101.46 101.64 Ist 4%s ; 103.20 103.40 2d 4%a 100.40 100.60 3d 4%s 101.00 101.16 4th 4ViS 104.00 104.14 U S Tr 4%s 113.60 113.80 U S Tr 4s 108.72 108.90 U 8 Tr 3%s 105.50 105.80 U STr 3%s 100.00 100.14 U S Tr 3%s 101.00 101.30 FORD IN RUBBER WAR Manufacturer Reported Planning to Fight British Monopoly. By United Press RIO DE JANEIRO, Brazil, Sept. 26.—Henry Ford has set out to fight the British rubber monopoly, it was reported today. Despite refusals of Ford’s engineers in Para to discuss the project, it is understood here that the motor manufacturer’s representatives are proceeding with plans to obtain a vast land concession in the rutoer growing state south of the Amajon.
Local Wagon Wheat
Local grain elevate*J are paying $1.23 for No: 2 red wheat. Other grades are purchased on their merits. COTTON SOURCE OF LOSS;‘TIPS’ PASSED AROUND Eastern Speculators Victims, Lacking Knowledge of Southern Crop. By United Press NEW YORK, Sept. 16.—Cotton, the principal staple of the South, today was the source of financial losses to many Eastern speculators whose knowledge of the plant Itself is as inconsiderable as that of Broadway “Mammy” singers. For weeks the tip. “buy cotton,” has been circulated outside of the usual trading market. Clerks, salesmen, tradesmen have Invested surplus cash, purchasing as many bales as they could afford. The tip was sound. In the past four weeks cotton has advanced 7Vt cents a pound to more than twice the levels of last winter. But because an economist employed by the Department of Agriculture in Washington guessed that cotton prices would decline, recent profits were wiped out in many cases, the potential value of the southern crop was reduced some $80,000,000 and traders on the New York and New Orleans markets indulged in a hectic stampede. With yesterday’s session now history, leaders of the cotton exchange were wondering today whether the Government should assume the function of predicting price changes. Samuel T. Hubbard, Jr., president of the local exchange, telegraphed Secretary Jardine of the department of agriculture and asked an explanation. Hundreds of buying orders were on hand when the report reached the trading floors.
Keiths
Gala Reopening Regular Winter Season NEXT SUNDAY AT ONE O’CLOCK KEITH-ALBEE VAUDEVILLE FINEST FEATURE PHOTOPLAYS • REDUCED PRICES MKTS.: 15c-25c-35c Except Sat., Sun., Holidays / EVES.: 15c-40c-60c Continuous 1 P. M. to 11 P. M.
W3&W First Time in Indianapolis YIDAI NEGRI AND HER 7 PERSONALITY 7 GIRLS I A Billllant Song and Danco PRESENTATION SPECIAL ENGAGEMENT Personal Appearance SUNSHINE SAMMY of OUR GANG COMEDIES Dally ripe Organ Kerltal by Ruth Noller. , Starts 12:40 Noon. Doors Open 12:30
w“t I ENGLISH’S I ‘The Unkissed Bride’ A Rollicking Comedy. Entire Cast Berkell Players NEXT WEEK—Sept. 18—AT HOME COLONIAL | “Gentlemen THEATRE !Prefer Blondes” SEATS NOW SELLING Mats.—Wed., Thurs. and Sat.—'l:l6 NIGHTLY AT 8:15
MUTUAL Burles-que Theater A RAZZLE DAZZLE OF YOUfH “Ocmpled Darlings” With KORA FORD AND GEORGE LEON On the Glass Illuminated Runway
MOTION PICTURES
apjm OUR GANG COMEDY "THE GLORIOUS FOURTH” Their Funniest Laughfest A £ D JACKIE COOGAN “THE BUGLE CALL” Emil Seidel’s Apollo Merrymakers Fox New's
O TRSTBEET DEARBORN. LAST TIMES TODAY ‘PAINTING THE TOWN* Adults 25c Children 10c 1
BANDBOX THEATRE „”?4 18 Opposite Terminal Station THAT FORBIDDEN SUBJECT MEN ONLY! NOW ADMITTED See That uril Mil Y Daring Revue for ynfcl
SUSPECT IN BANK ROBBERY IS RETURNED Officer Takes Bert Packer to Bluffton to Face Charge. Bert Parker, 51, of Springfield, Mo., arrested here at 801 N. Pennsylvania St., Monday as a suspect in the safe-blowing at the Farmers’ State Bank at Poneto, Ind., when approximately $6,000 in cash and negotiable securities were taken on Sept. 7, was taken to Bluffton, Ind., today. He will be held there pending trial on the burglary charge. Sheriff F. L. McClain came today and Detective Chief Jerry Kinney turned Parker over to him. Parker was taken in custody on information given by Raymond Fletcher, former Indianapolis policeman, who was arrested in Nashville, Ind., Sunday on a speeding charge. Fletcher was taken from the Nashville jail to Bluffton today. RAID $25,000 BREWERY Indiana Harbor Police Arrest Three Men—Find 4,000 Gallons of Beer. By United Press GARY, Ind., Sept. 16.—Three employes of an Indiana Harbor brewery are being held by police today following a raid on the plant Thursday night, and search is being made for owners of the plant. A $25,000 plant, including nearly 4,000 gallons of beer, was confiscated in the raid. Government Gets Pike’s Peak Road WASHINGTON, Sept. 16.—The government, having reached an agreement with the Pikes Peak highway company, will take over the motor highway to the summit of Pike’s Peak, Col., not later than December, 1935, according to announcement by Jardine today.
Walter L. Pattridge Dancing Master of Indiana—Ballroom and Irvington School of Music Announces Classes in His NEW STUDIO 400-401 When Bldg. JLI ncoln 6620 REGISTER NOW! Ballet Ballroom Stage Dancing
U st CHARUE DAVIS tijfl6S with „ and Stage Band. in. 15 fay Olive Borden "Orange Blossoms’ [ifSjiiy |fy MAURICE at theBARTONI r 11
|| VH£J £Jl!aHs| I I-DOROTHY GISH ITTl TT , *s#?. .„U |f ANTONIO MOfIENQ I UlUVeTSlty TllOB
'Circle I the show place of Indiana
LAST TIMES TODAY \ NORMA TALMADGE The Screen’s Greatest Emotional Actress In , ( “Camille” The Love-Classic of all time From the play by Alexandre Dumps , Circle Concert Orchestra other delightful STOLAREVSKY, conducting CIRCLE FEATURES COMING TOMORROW 1 RONALD COLMAN i.i‘ <£ BeflM Qeste” > The Picture that Stopped America’s Pulse FIRST TIME AT POPULAR PRICES
MACHINE RULE IS DENOUNCED Industrial Leaders Hear City Manager Authority. “Observe the Golden Rule,” was the message of Howard Bryant, chairman of the city manager commission of Baltimore, who spoke before the American Industrial Lenders’ Association at a banquet Thursday night in the Claypool. He also warned against machine rule in government. "Nothing. with the principle ol the machine as a foundation can succeed,” he said. F. L. Thompson, Shelbyville, was elected national president Thursday afternoon. Other officers: Col. Gene Badger, Newark, N. J., vice president; G. W. Kehr, Harrisburg, Pa., secretary; T. J. Harrison, Waterloo, lowa, treasurer; H. T. Mattingly, Baltimore, chairman of auditing committee; L. C. Harbison, Chicago, chairman of legislative committee; W. S. Herron, Philadelphia, chairman of. vigilance committee, and W. P. Woll, Chicago, chairman of finance committee. GRINS IN DEATH CHAIR Raymond Davis Executed for Part in Hold-Up Murder. By United Press FRANKFORT. Ky., Sept. 16.Raymond C. Davis, Rochester, N. Y„ went to his death today with a smile. Davis was electrocuted early today at Eddyville for his part In the slayir.g of William Fant, prominent Fleming County horseman, in the hold-up of a “dice” game at a Lexington hotel, Dec. 24, 1925. Yesterday Davis was baptized by a Baptist minister.
MOTION PICTURES
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