Indianapolis Times, Volume 39, Number 141, Indianapolis, Marion County, 21 October 1927 — Page 29

OCT. Zs, 1927

NEW SELLING WAVE STRIKES WALIJTREET Heavy Sales Subside Thursday at Late Hour, but Break Anew.

Average Stock Prices

Average of twenty industrials Thursday was 137.51. off 1.19. Average of forty was 183. off 1.48. Average of twenty rails bonds was 98.70, up .07. Bn United Press NEW YORK, Oct. 21.—The selling movement which had to some extent subsided in the last hour Thursday browke out anew in the early trading today on the stock market. Traders had expected a reduction in brokerage loans and when an increase of $39,000,000 was reported after the close it brought in heavy selling orders over night. Rails met heaviest pressure several making wide breaks, industrials also were lower and the specialties dropped with the rest of the list. Rail Issues Selling of rail issues followed disappointing earnings statements for September now appearing. Western Maryland dipped more than a point, as did New York Central, Southern Railway, Erie and Missouri Pacific. New Haven, however, held steady, while Missouri, Kansas and Texas were fractionally higher. Nash continued under pressure in the motor division, following the downward course of General Motors which broke more than a point. United States Steel opened firm, but quickly sold down with the rest of the market. Further heavy selling took place in early dealings due to the rise in brokerage loans to new record levels in the week ended Oct. 19. This increase aroused considerable disappointment in speculative quarters, where a decrease had been looked for. In addition to selling actuated by this factor the market was forced to absorb heavy selling necessitated by the sweeping declines in Thursday’s session. New lows on the reaction were reached by speculative leaders. Oversold at Noon Indications of a temporarily oversold condition in the general list became more pronounced toward noon. With rallying tendencies in industrial leaders gradually picking up momentum, the bear crowd grew increasingly nervous and buying operations went ahead in pivotal issues. Steel common rallied two points to 142, and General Motors 2 points to 13175. Restoration of a more stable condition in the main body of stocks was followed by the appearance of investment demand for standard investment stares. Large amounts were made available for reinvestment by Oct. 15 dividend and interest disbursements characterizing price movements since that date.

Banks and Exchange

NEW YORK STATEMENT B’l United Press NEW YORK, Oct. 21—Bank clearings. SI. 152.000.000; clearing house balance. $116,000,000. FOREIGN EXCHANGE r.'l United Press NEW YORK, Oct. 21.—Foreign exchange opened steady. Demand sterling. $4.85 13-15; francs, 3.92 3 /ac; lira. 3.461ic, up .OOVic; befga, 13.92 c; marks, 23.86'ic.

Commission Row

PRICE TO RETAILERS FRUITS Apples—Box apples: Jonathans, $3,250 3.50; Delicious, $3.75 0 4.50. Barrel apples: Jonathans, $6.50 (ff/8; Grimes. $7. Basket apples (40-lb. basket): Jonathans. s24® 2.75; GVimes. $2.75; W. Banana, $3: Lowells, $2; Delicious, $3.2504; cooking apples, $1.75. Bananas —s@6c lb. Berries—Cranberries, $6.5006.75 one-half bbl. Casabas—California. $2.75 crate. Cocoanuts—Jamaica, $6.50 per 100; $2 Grapefruit—Florida. $5.50 0 5.75 crate. Grapes—California Tokays. $1.50(51.75 per lug; Michigan Concord, 70@75c 12 quarts; Ladyflngers.S2.7s 25-lb. lug.. Honeydew Melons —California. $2.50 crt. Lemons —California, $10011.50 crate. Limes—Jamaica. $3 per 100. Oranges—California, $5.2509.50 crate; Florida, S4O 6.50. Peaches —California. $2.75 box. Pears —New York Bartletts, $3 a bu.; California Bartlets. $4.25 box. Persimmons —Indiana. $3.50 crate. Pomegranates—California, $3.50 crate. Prunes—ltalian. $2 one-half bu. , Quinces—Michigan. $3.50 bu. Satsumas —Alabama, $3.25 0 5.50 Vs bu. VEGETABLES Asparagus—sß per crate. Bean —Stringless. $2.50 bu.; H. G. lima, 35®40c lbs.; Kentucky Wonders. $2.25 bu. Beets—H. G.. $1.35 bu.; 30c doz. Brussel Sprouts—2sc lb. Cabbage—H. G„ 2V2@3c lb. Carrotts—H. G.. 35c doz.; bulk. 75c@$l Cauliflower —Colorado, $1.75 crate. Celery— Michigan. Highball. 75c@$l crt.; Michigan. 35®50c bunch; $101.25 flat crate: rough, $3 crate. Celery Cabbage—sl doz. Corn—H. G.. 25®30c doz. Cucumbers —Hothouse. $1 (!T 1.50 doz. Eggplant—H. G., $1.5002 doz. Endive—4oc doz. Garlic—California 15c lb. Lettuce^-California, head. $3.25 0 3.50 crate; H. G. leaf, 75c 15 lbs. Mangoes—H. G., $1.2501.50 bu. Onions—Spanish. $2.2502.50 crate: Indiana or Ohio yellow. $1.25 0 2 cwt.; picking. 75c 10 lbs. Parsley—H. G., 35c per dozen. Peppers—Finger, 75c five lbs. Potatoes—Michigan whites, $3.25 150 lbs.; Idahoes. $2.50 110 lbs.; Red River Early Ohlos, $2.50 120 lbs.; Minnesota whites $2.35 150 lbs.: Minnesota Ohios, $2.35 15 Radishes—H. G.. white, 35c; red. 35c: H. G. buttons. 40050 c doz. Rutabagas—sl.7s per bu. Spinach—H. G., 90c bu. Squash—Hubbard. $3 bbl.; white sumSweet Potatoes—Red Stars. $3 bbl.; Indiana Jerseys $1.75 bu. Tomatoes —H. G.. 50c 15 lbs., $1.25(51.50 bu. Turnips—H. G.. $1 bu. OYSTERS Standards—s2.4o gal. CIDER Cider— ss.so 14 gal. Probers Clear Judge Pit United Press EVANSVILLE, Ind., Oct. 21. Charles P. Bock, judge of the Vanderburgh Circuit Court, was vindi--cated by the county grand jury Thursday, in his contention that he had a right to change court records. After a day and a half’s investigation of Judge Bock's court, the jury gave him a clean bill, declaring he had not at any time exceeded his authority, as charged by the prosecutor.

New York Stocks

~Bv Thomson h McKinnon

—Oct. 21Railroads— . „„ Prev. High. Low. 12:00. close. Atchison 187% 186 Vi 187 Vi 187 Atl Coast Line.. 190 189 190 188% B&O 118V4 117 Vi 118% 117% Can Pacific 189 Vi 188 Vi 189% 189% C & O 208 205 Vi 208 206 C Sc N W 91 90 91 91 Vi CRI4P .... 107% 104 107 106V4 Del & Hud .... 189% 188 Vi 189% 189 Del & Lack ... 132 131 Vi 132 131 Erie 67 65% 67 66% Erie Ist pfd 60% 60% 60% 60% Gt North pfd... 97 96% 97 97% Lehigh Vafjey 100% K C Southern... 63V4 62% 63 63 V# L&N 150% ... 150% 147% MKSc T 44 Vi 43% 44 43% Mo Pac pfd ... 111% 110 111 111% N Y Central... 160% 158% 160 159% N Y N H & H .. 55 53% 54% 54 North Pacific 94 93Ve 94 94 Nor & Western 186% 186 Vi 186% 185% Pere Marq 130’i Pcnnsy 65 64% 65 65% Reading HOVi 109 110 110% Southern Ry ... 131 ... 131 133 Southern Pac.. 123% 123% 123 Vi 124% St Paul 16 ... 15% 15Vi St Paul pfd ... 29 ... 29 29Vi St Lft S W 80 78 % 80 78% St L& S F .... 110% ... 110 Vi 110% Union Pacific.. 188% 187% 188% 188% Wabash 73 72% Wabash pfd ... 95Vi ... 95% 96% Rubbers— Ajax 7% 7% 7% 7% Fisk 16% 16% 16Vi 16Vi Goodrich 76% 75% 76 76% Goodyear 58% 56% 58% 56%/ Kelly Spgfld 27% ... 27 27Vi U S Rubber 54 52 53% 53% Equipments— Am Car and F.. 99 98Vi 99 97% Amer Loco 103% 103% 103% 103% Am etl Fdy ... 48Vs ... 48 48Vi Bald Loco 248% 248 248% 248 Vi Gen Elec 127'% 125% 127% 125% Lima 571.. N Y Airbrake... 39% ... 39% 40 Pres Stl Car ... egu. P“man 77% ... 77% 78 Wsth A B .... 41 ... 41% 49 Wsth Elec 81 80 80% 80% Steels— Bethle 53 Vi 52% 52% 53% Colo Fuel 80% 79% 80 Vi 80 Crucible 82 81% 82 81% Gulf St Stl . 42 Inland Stl 50Vi ... 50Vi 50% PhU C & 1.. 39Vi 38% 39Vs 39 PeP h St* 57 ... 57 57% Sl-Shef /.. no*., U S Steel 142 140 Vi 141% 140% Alloy 26 ... 26 26 Vanadium 52% 52% 52% 52% Motors— Am %o 22 21% 22 21% Chandler 19 ... 19 19% Chrysler 52% 52% 52% 52% Con Mo 9% 9% 9% 9% Dodge 14 Vi 14 14% 14% Gabriel 39 38% 38% 38 Vi Gen Mo 131% 129% 131% 130%, Hudson 70% 68 70 % 68 Hupp 16% Jordan 15% ... 15 14% Mack 102% 101% 102% 101 Vi Yellow Coach .. 31 Vi 31 31 Vi 31% Moon 6 Vi - ... 6 Vi 8 Nash 83% 82% 83 Vi 83% Packard 47% 46% 47 47 Peerless 22 ... 22 21% Pierce Ar 9% ... 9% 9% Studebkr ' 53% 52% 53 52% Stew War 69% 69 69% 69 Timken 116 115 Vi 116 116 Willys-O 13% 13% 13% 14 White Mo .... 37% ... 36% 36% Mining— Am Sm 162% 161% 162% 161% Anaconda 46 Vi ... 46 Vi 46 Cer De Pas ... 61 ... 61 61 Inspir 19 18% 19 18% Int NiC 66% 66 66% 66% Kennec 71% 71% 71% 71% Magma 44% 43% 44V* 44% Tex G & Sul... 70% 68% 70% 69% U S Sm 37% ... 37% 38 Oils —•/ At Ref 117% 114 117 114 Cal Pete 21% 21 Vi 21% 21 Vi Freep Tex 87% 85% 87% 87V4 Houston 167 Vi 163 167 165 Indpt Oil 21 20% 21 20% Marland C 33% 32% 33% 32% Mid C Pete . 25% 25% 25% 25% Lago 1. 33 31% 32% 31% Pan-Am P (B>.. 49% 47% 49% 47% Pro & Ref 27 2674 27 26 Phil Pete 41% 39% 41% 39% Union Oil 45 44 Vi 44 Vi 44 Pure Oil 25% ... 25 25'/i Roval Dutch ... 45% ... 45% 46 Shell 24% 24% 24% 24% Sinclair 1574 1574 15’/# 1574 Skelly 26 ... 26 25% S O of Cal 54% 53% 547i 53% SOOf N J 39% 38% 39% 38% S O Os N Y 30Vi ... 30Vi 30% Texas Cos 51 49% 51 49% Trans Petet 7% 7% 7% 7% White Eagle 22 Industrials— Adv Rumely .... 8% ... B Vi 9 Ailis Chaim 113% ... 113% 113% Allied Chem ....143% 146V4 143 146% Armour (A) , ... •••.. Amer Can 63 Vi 62% 63% 62% Amer H L 11% Am H L pfd 59% Am Safety R 57% 57 57% b/% Am Woolen ... ... , 21% Am Linseed .... 58% 5574 56% 5574 Coco Cola 121 ... 121 122 Cont Can 76 75Vi 76 76 Cert Prods ... 50% Dav Chem 36 35% 36 35% Dupont 32674 323 % 326% 326 Famous Players. 107 106 Vi 107 106 Vi Gen Asphalt .... 81% 79Vi 81 Vi 79% Int C Engr 46 45% 4574 4574 Int Paper 66% 65 66 Vi 65 V* Int Harv *..207% 207 207% 20874 May D Stores 85% 84% 85% 85 Mont Ward 7874 77% 78% 78% Nat Lead 115 ... 115 115% Owen Bot ...... 80 ••• , 80 81 Radio ~ 72% 71% 72% 72 Real Silk 23 ... 23 23 Rem Type 26% 2674 2674 26 7# Sears-Roeb 72% 71% 72 Vi 7?*? United Drug ... 182% ... 182% 18474 Univ Pipe ...... 2474 ... 2474 25 IT S O I P 20374 20074 203 203 TJ Sln A1 7274 72 7274 72% Woolworth .... 177 176 177 177 Am Iv T l cnd - T .. 17674 1 75% 176% 176% Arne- E-prcss.. 162 ... 162 163 Am W W 62V4 60 74 62 61 74 Brklvn Man .... 59V* ... 59*4 58V# Col Gas and El 8874 ... 88 % 89 Cons Gas 113% 112 113 11274 No Am Cos 58% 57% 57% 57% Peoples Gas ... 15474 154% 15474 154% Phila Cos • ■ • 126 St G and E .... 60% 60V4 60% 61*/# West Union 159 Am Int Corp ... 50% ... 50% 50 Am Sand C 3% Atlantic G 34 ... 34 33% Int M M pfd ... 357# 35% 3574 3 57# United Fruit ... 135% ... 13574 135% Am Sugar 8174 79 80% 79% A B Sugar 16V* Austin Nichols..... ... ... 5% Beech N 64% ... 64 64 4 Calif Packing... 64 63% 64 64 Vi Corn Prods-' 57% 5674 57 5774 Cuba C pfd .... 3074 ... 3074 30% Cuba A Sugar .. 21 *... 21 21 Fleischmann .... 62 61% 62 62% Jewel Tea ... 71% Nat Biscuit 142% ... 14274 143 Punta Aleg 3174 ... 31% 31% Postum 112% 11074 112 Ward Bak 8.... 2974 Am Sumatra .. 62% 6274 62V# 62% Amer Tob ... 163% 15874 16274 157 Amer Tob B ... 163% 158 162 189% Cons Cigars.... 76 75% 76 7574 Gen Cigars 67% ... 67% 68 Liggett ........ 122 121% 122 121V* Lorillard 35% 35% 3574 35% R J Reynolds .. 14874 147% 148,, 147% Tob Prod B ... 9474 ... 94 % 94% U Cig Stores 33% ... 3374 33% Schulte R S .... 51% ... 51 5174 I. U. BAND VISITS CITY Parades Downtown to Advertise Game With Notre Dame. Indiana University’s ninety-piece band paraded through the business district twice today, advertising the Indiana-Notre Dame football game to be played at Bloomington tomorrow. - The band gave a-short concert In the Claypool lobby. STATE SAVES $25,000 Public Service Commission Fails to Spend Appropriation. The Public Service Commission failed to spend $25,816 of its 1927 appropriation of $170,000 and this amount has been returned to the general fund by Secretary J. Reid McCain. In addition to the unexpended balance, the commission turned over $219,512 collected in fees. PICKPOCKET GETS SBO \ Foreman Wonders How It Was Done, He Tells Police. Harlow Wimperingham, 1126 N. Alabama St., told police he could not understand how a thief could remove from his hip pocekt the huge bill fold in which he carried SBO without him knowing It, but that is what happened while working at the Reliable Wrecking Company, 628 W. North gt., where he is foreman.

PORKERS OPEN SLOW AND OFF AT STOCKYARDS All Weight Hogs Drop; Sheep and Lambs Up; Others Unchanged. —Hog Price Range— Oct. Bulk. Top. Receipts. 14. 11.25®12.00 12.00 8.000 15. 11.25 *?/’12.00 12.15 3,000 17. 11.90® 12.00 12.00 4.000 18. 11.804111.90 12.15 5,500 19. [email protected] 11.85 6.000 20. 11.50(74 11.75 11.85 5.500 21. [email protected] 11.75 6,000 Trading in hogs at the Indianapolis stockyards was slow today, with early sales 15 to 25 cents lower. The top was $11.75 on the hundredweight. About 6,000 were in the pens, with 400 added as holdovers. Sales in the medium weights were mostly around $11.25@ 11.50. i Lambs were quoted 25 cents higher and other animals were unchanged. A slow opening marked Chicago selling, with 16,000 received. Good hogs were steady, but others dropped 10 @ls cents. All Porkers Drop All divisions of the hog market were affected by the general decline. Pigs were down 25 cents to $8.75@ 10, as were animals weighing 130160 pounds, which sold at slo@ll. Material in the 160-200-pound class went at $11011.50. That weighing 200-250 pounds was [email protected]. Heavy meat material was $11.25@ 11.75. A steady tone governed the cattle division, with about 500 received. Beef steers were nominal, Thursday's price being $11.50@14. Beef cows were unchanged at [email protected]. Low cutters and cutter cows were $4.25 @5.50 and bulk stock and feeder steers were [email protected]. Sheep, Lambs Up The calf market was steady. Best vealers were $15.50@16 and heavy calves were $6.50@10. Approximately 600 were brought to the yards. Best lambs were up 25 cents, the top climbing to $13.50. Bulk fat lambs were higher at $12.50@ 13.25. Bulk cull lambs were unchanged at $7.50@10, as were fat ewes at $4.50 @6.50. Receipts were estimated at 800. —Hogs— Receipts, 6,000; market slow, lower. 90-130 lbs *8.75^10.00 130-160 lbs JO-004/11.03 160-200 lbs | 200-250 lbs [email protected] 250 lbs 11.254111.75 —Cattle — Receipts, 500; market steady Beef steers *ll Beef cows f.i/O® 8.50 Low cutters and cutter cows.. 4.25® 5.50 Bulk Stocker and feeder steers 7.25C/C 8.75 —Calves— Receipts, 600; market steady. Best vealers * l [email protected] Heavy calves 6.50® 10.00 -—Sheep and Lambs— Receipts. 800; market, strong to higher. Top .fat lambs Bulk fat lambs [email protected] Bulk fe . lar.ibs Bulk cr.il lambs Fat ewes 4.50® 6.50 Other Livestock Bill United Press CHICAGO. Oct. 21. —Cattle Receipts, 3,000: uneven; largely steady on fat steers, better grades feeders and Stockers; she stock active on better grades; weak on good fat cows and heifers; bulls slow; steady with even decline; feeders unchanged; best fed yearlings, $14.90; most sausage bulls. [email protected]; vealers, $.3,504/ 14 to big packers; to outsiders. $14.50@15. Sheep—Receipts. 15.000: slow; about steady; fat native lambs, quality good, mostly $13.254713.50; best early bid by outsider. sl3 75; asking around $13.90@14 for choice rangers: few 100 to 130-lb. native buck lambs, [email protected]; culls. $104710.75: few choice fat ewes, $6.2547 6.50; good kinds. $5,504(6: heavy, $4.50@5; feeding lambs, supply limited, demand good. Hogs (soft or oily hogs and roasting pigs excluded)—Receipts, 15,000: market mostly steady to 15c off; heavyweight, 250 to 350 lbs., medium to choice. [email protected]: mediumweight, 200 to 250 lbs., medium to choice. sll4/11.85; lightweight. 160 to 200 lbs . common to choice, $10.40011.40; light lights. 130 to 160 lbs., common to choice. 59.254/ 10.90; packing sows, smooth and rough. $94/10.25; slaughter pigs, 90 to 130 lbs., medium to choice. [email protected]. Bji United Press CINCINNATI, Oct. 21.—Hogs—Receipts 3.600; holdovers, 1.986; market, uneven, steady to 10c down; 250-350 lbs., sll4i! 11.75; 200-250 lbs., [email protected]; 160-200 lbs.. $10,904/11.75; 130-160 lbs., $10.504711: 90-130 lbs., $84710.65: packing sows. $9.50 @10.50. Cattle—Receipts, 950. Calves— Receipts 450; market, veals steady to 50c down; beef steers, [email protected]; light Yearling steers and heifers. slo4i; 10.50; beef cows, $64/8.25; low cutter and cutter cows, $4.50475.50; vealers, sll4/16; heavy calves, $12,504/ 13.50; bulk stock and feeder steers, [email protected]. Sheep—Receipts, 1,000: market, lambs, steady to 25c down; top fat lambs, $13.50; bulk fat lambs. [email protected]; bulk cull lambs. s7@9: bulk fat ewes. s4@6. Bii Times Special LOUISVILLE. Oct. 21.—Hogs—Receipts, 700: market 15c lower: tops, $11.35. Cattle —Receipts. 300; market steady. Calves Receipts. 300: market 50c lower; good to choice. $124/14; medium to good. $8@10; outs. $8 down. Sheep—Receipts, 100; market steady.*- top lambs, $11.50® 12; seconds, s6@7; sheep, s3@s. B,<i United Press EAST BUFFALO. Oct. 21—Hogs Receipts. 5,500; holdovers, 517; market steady to strong: 250 to 350 lbs.. $11.2547 12.25: 200 to 250 lbs. $11.85® 12.25: 160 to 200 lbs.. $11,654/12.70; 130 to 160 lbs., $11,254/11.75; 90 to 130 lbs.. [email protected]; packing sows. [email protected]. Cattle Receipts. 450: calves, receipts, 400: market for heifers 25c down; calves steady; vealers. $174/ 17.50. Sheep—Receipts. 3,500; market strong to 25c up: top fat lambs. sl4: bulk cull lambs, $104711; bulk fat ewes, $5.50577. Bji United Press CLEVELAND, Oct. 21—Bogs—Receipts, 2.000; market, steady. 10c Jown; 250-350 lbs.. $11.254711.90; 200-250 lbs.. $11,254/ 11.90; 160-200 lbs., sll 654711.85; 130-160 lbs.. [email protected]: 90-130 lbs., $10.75® 11; packing sows $9.504710. Cattle—Receipts, 250. Calves—Receipts. 300; market, cattle slow, steady; beef steers. $8.75479.85; low cutter and cutter cows, [email protected]: vealers. $13.504716.50: heavy calves. $104714. Sheep-—Receipts. 1,600; market, weak to 25c down; top fat lambs. $13.75; bulk fat lambs. $13.504713.75; bulk cull lftml/s. $9.50 4jjll; bulk fat ewes, $5476.50. Bet United Press TOLEDO Oct. 21.—Hogs—Receipts. 350; market, slow, 104/ 15c off: light heavies, $114711.70; mediums, $11.504711.75: Yorkers. $11.25011.60: good pigs. $104710.50. Cattle—Receipts. 250; market, mostly feeders slow. Calves—Receipts, light; market, slow. Sheep and lambs—Receipts, light; market, slow. Bill United Press PITTSBURGH, Oct. 21.—Hogs Receipts. 1.8C0; market mostly 104725 c down: 250 to 350 lbs.. $11.754711.90; 200 to 250 lbs.. sll 804711.90; 160 to 200 lbs.. $11.8047 11.90: 130 to 160 lbs.. $11.25® 11.90: 90 to 130 lbs.. $114711.25; packing sows. $10.7547' 11. Cattle—Recelnts none; calves, receipts, 150; market slow: beef steers nominally $10.504712.25: vealers. $14.504717 50. Siheep— Receipts. 1,200: market steady; top at lambs. $14.25; bulk fat lambs. $134? 14.25; bulk cull lambs, $8(010. P,’i United Press EAST ST. LOUIS. Oct. 21.—Ho,vs—Receipts. 11,000: holdovers, 3.502: market 10® 15c lower: 250-350 lbs.. sll© 11.50; 200-250 lbs.. $11.2547 11.50; 160-203 lbs.. $10.05® 11.40: 130-160 lbs.. $lO4/11.15; 90-130 lbs., $9,754/ 10.50; packing sows, $9.50010.50. Cattle—Receipts, 1,200; calves, receipts 700: market steady: beef steers. $104714.75: light yearlings and heifers, sß® 10.50; beef cows. 5607.25; low cutter and cutter cows. $4.7505: vealers. $15.50: heavy calves, $6 ®9: bulk stock and feeder steers, $8,254/9. Sheep—Rcelpts, 500: market steady; top fat lambs. $13.25: bulk” ft.t lambs. sl3® 13.25: bulk cull lambs, $8 60; bulk fat ewes, [email protected]. !

THE INDIANAPOLIS TIMES

In the Sugar Market

(By Thomson & McKinnon) NEW YORK. Oct. 21.—The sugar market Is still waiting on the developments In Cuba. Private advices to houses In the trade state that Czecho Slovakian producers are much w /.Tied over the prospect of a serious curtailment of their chief export outlet by the sale of 150,000 tons of Cuban raws to British refiners, and with the possibility of Prer.ce dumping an additional 200,000 tons on the United Kingdom market, it would have a much more serious effect upon Czecho Slovakian export trade. In such circumstances there is greater possibility of her placing a restriction upon her production.

SMALL CROWD HEARSJIVALL Holds Citizens Should Share Any Blame on Him. One hundred fifty of the 7,419 persons in the Ninth ward, who voted for John L. Duvall for mayor in 1925, turned out Thursday night to hear him plead for merciful consideration by citizens in his present difficulties. Duvall spoke at a meeting arranged by his lieutenants at the McKinley Club, 2217 E. Michigan Stf. All the tricks cf politicians to gather a crowd, excepting the firing of bombs, were used. A fife and drum corps tooted and boomed outside. A police quartet sang. “The citizens are as much to blame as I am,” declared Duvall. “They voted for me.” He has been convicted of violating the corrupt practices act and sentenced to thirty days in Jail, fined SI,OOO and debarred from public office for four years. “That thirty days isn’t worrying me,” said Duvall. “Maybe some good Republican will offer to serve it for me.” Duvall attacked the Shank administration, which preceded his. “We don’t like to speak of the dead,” he said, “but Lew Shank owes us money.” FOREIGN LOANS HIGH Germany, Poland and Brazil Share in Floatations. By Uni tftl Press WASHINGTON, Oct. 21.—A1l post war records for foreign loans have been broken this month and the Commerce Department expected today that the month-end might find all American records for foreign flotations in the American market exceeded. To date an aggregate of $250,000,000 of foreign paper has been floated in the United States, the department announced. In October, 1916, the flotation for the entire month was $372,736,000, comprising war loans to the allies, of which $300,000,000 went to England. October was the record month in 1926, with flotations aggregating $173,890,000. German, Polish and Brazilian offerings comprised the bulk of this month’s business.

Indianapolis Stocks

—Oct. 19— —Stocks—

Bid. Ask. Amer Central Life 600 Amer Creosoting Cos pfd 101% 105 Belt RRco m 66 69 I Belt R R pfd 58 Cent Ind Power Cos pfd 91% 94 Cities Service Cos com 51% Cities Service Cos pid 93% ... Citizens Gas Cos com 56% 58 Citizens Gas Cos pid !Ui> Commonwealth Loan Cos pfd... 100 Eauitahle Securities Cos com.. 51 Hook Drue Cos com 30 ... Indiana Hotel com (Claypool) .125 Indiana Hotel pfd 101 Indiana Service Corp pfd 84 Indianapolis Gas com 61 Indpls & Northewestern pfd... 52% ... InOpls P and L 6%s pfd 101 101 % Indpls P & L 7s pfd 101 102% Inapis Pub Wei Ln Assn 47% ... Indianapolis St Ry pfd 33% 34% Indpls Water Cos pfd 103 Indpls Water Wks Sec C 0.... 98 Interstate P S pr lien pfd ... 101 ... Interstate P S 6s pfd 84 Merchants Pub Util pfd 100 ... North In Pub Service pfd.... 97 ... Progress Laundry com 24 Rauh Fertilizer pfd 50 Real Silk Hosiery pfd 85 T H I <fc E com 1 T H I & E pfd 24 T H Trac and Lt Cos pfd .... 91% 94% Union Trac of Ind co m % Union Trac of Ind Ist pfd.. .. 2 Union Trac of Ind 2d pfd % Union Title Cos com 85 Van Camp Pack Cos pfd 8 13 Van Camp Prod Ist pfd 96 100 Van Camp Prod 2d pfd 100 —Bank Stocks— Aetna Trust and Sav Cos 118 Bankers Trust Cos 140 City Trust Cos 150 ... Continental National 120 ... Farmers Trust Cos 240 Fidelity Trust Cos 162 Fletcher American 175 Fletcher Sav and Trust C0....280 Indiana National Bank 263 270 Indiana Trust Cos .'..232 Livestock Ex Bank 161 Marion County Bank 216 Merchants Nat Bank 327 Peoples State Bank 225 Security Trust Cos 275 State Savings and Trust .Tv 100 Union Trust Companv 465 Wash Bank and Trust Cos 162% ... —Bonds— Belt R R and Stockyards 45... 90 Broad Ripple 5s 80% 82 Central Indiana Gas 6s ....... 98 Cent Ind Power Cos 6s 103 Chi S Bend & N Ind os 10 Citizens Gas Cos 5s 101 104 Vi Citizens St R R 5s 87 89 Gary St Ry 5s 89V* 91% Home TfzTofFt W6s 103% ... Indiana Hotel 5s 100 Indpls Northern 5s 18% 20% Ind Ry and Lt 5s 95 Ind Service CorD 5s 93 Ind Union Trac 5s 3 Indpls Col Sc South 6s 99 101 Indpls Gas Cos 5s 101 Indpls Sc Martinsville 6s 81 Vi ... Indpls Northern 6s 18 19 Indpls Sc Northwestern 5s 81% ... Indpls Power and Lt Cos 55... 99 99% Indpls St Ry 4s 65 Vi 66 % Indpls Trac & Term 5s 95% 96% Indpls Union Ry 5s 101 Indpls Water SViS 104 104 Vi Indpls Water Ist 5s 99 Indpls Water 4%s 97% ... Indpls Water Wk Sec Cos 65... 99 Interstate Pub S 6s 104 Interstate Pub SBs 6%s 105% ... N Ind Pub Serv Cos 5s 98 T H I Sc E 5s 89% ... T H Trae and Light 5s 99 Union Trac of Ind 6s 14 17% •Ex-dividend. —Liberty Bonds—--Ist 3 Vis 101.36 101.50 Ist 4Vis 103.20 103.40 2d 4%S 100.00 100.10 3d 4 Vis 100. 100. 4th 4V4S 103.90 104.10 U S Tr 4%S 113.90 114.20 U S Tr 4s 108.80 109.10 U S Tr 3Vis 106.00 108.40 U S Tr 3ViS 99.80 100.20 U S Tr 3V4s 101.30 101.60 20 Indianapolis St. Ry. pfd 24 Children Chew Soap, Charge P,'l United Press WINDSOR, Conn., Oct. 21. Claiming that their children were forced to chew soap after they had been caught chewing gum in school, parents have complained to school authorities here, Miss Lillian Plummer, teacher, was accused.

DRAIN FUTURES UNSETTLED IN SESSIONTODAY Firm Foreign Prices Insufficient to Bolster Wheat. Bji United Press CHICAGO, Oct. 21.—Grain futures were unsettled through most of today’s session on the Chicago Board of Trade and prices moved in a narrow range. Wheat opened lower than Thursday’s close. Liverpool cables were a little firmer than expected, but this influence was not enough to offset the continued fine Canadian weather, and heavy marketings. The decline continued until mid-season when reports of large export business began to have a bullish effect. Export business was 1,500,000 bushels. Receipts wehe twenty cars and cash was %c off. Corn dropped to anew low early i nthe session but soon developed a firmer tone. Late in the session, however, all the losses had not been recovered. Receipts were 206 cars and cash % to 1 cent lower. Oats went to anew low, but firmed somewhat when local cereal interests bought considerably. Receipts were thirty-six cars and cash sales were unchanged. Provisions worked lower.

Chicago Grain Table WHEAT- ~° Ct ‘ 21 ~ Prev Dec. fSfc 1*24% March 1.23% 1.27% 1.28 1 28% M CORN— 1,30 ’ / '' 1231/2 1 30 1.30% Dec. 83% .82% .83 83% March 87% .86 % .87 87% OAfsll "'-a • 83 ’ -89% :89% Dec. .... 45% .45% .45% .45% March 47 % .47% .47% .47% M r v yeLl 48 * • 47 ’ , ‘ - 47 '* Deo. 96% .55% .96% .95% March 98% .98 .98% .98 M lWi • 98 ’ i • 933 < ' 9 * Oct 12.35 12.35 12.40 Jan 12.75 12.70 12.72 12.75 May 13.00 12 97 13.05 JU RIB&— I3IS 1315 1325 °Ct 12.25

Produce Markets

Butter (wholesale price) No. 1, 4847 27c’ N °’ 3 ’ 4 ®® 4Bc; packing stock, 25® Butterfat (buying prices)—4B®49c lb. Strictly Iresh. delivered at Indianapolis. 40c. Poultry (buying prices)—Hens. 18©20c; leghorn hens. 134/15c; Leghorn springs. 13 @ 15c: springs. IS4/20C; roosters. 10® 12c turkeys, hens. 2025 c: young toms. 204/ ice: old toms, 154/20c; ducks. 12@15c. geese. 84/10c: guineas, young. 50c: old. 35c. Cheese (Wholesale sellin gprices. per pound)—American loaf. 354738 c; pimento •oaf. 374/40c: brick loaf. 35038 c; Swiss, No. 1, 43@46e; No. 2, 394/45c; imported Swiss, 00 4/ 62c; Wisconsin flat, mild and sharp, 304732 c; print cream. 31c; flat daisy 294731 c; longhorns. 29%@31%c; New York limberger. 32@35c; Wisconsin limberger, 28®32c Bji United Press CLEVELAND. Oct. 21.—Butter—Extra in tub lots, 50%® 52%c; firsts, 47%4i48V"C; seconds. 414/43c; packing stock. 28c Eggs —Extras, 52c; extra firsts. 49c; firsts. 43c; ordinary, 34c: pullet firsts, 24c. Poultry —Fowls, 244/25c; Leghorn fowls. 15@16c; heavy springers. 244/ 25c: Leghorn springers. 224/23c; cocks. 164/.17C: ducks. 22® 23c. Potatoes—Maine, 150-lb. sacks, branded $3.50: plain, $3.33: Ohio and Michigan. $3.25; Idaho bakers. 105-lb. sacks rurals. $2.35472.50; Colorado brown beauties. 105-lb. sacks, $2.50® 2.65: home grown, bushel basket. $1,254/1.35; New York 150-lb. bag. Gainesville, $3.60; plain. $3,354(3.45. Pei United Press NEW YORK. Oct. 21.—Flour—Quiet and steady. Pork—Firm; mess. $34.50. LardEasy; midwest spot. $12.90® 13. Sugar Ray. steady; spot 96 test delivered duty paid, 4.68 c: refined, quiet; granulated. 5.80 4/.6c. Coffee—Rio No. 7 on spot. 14%c; Santos No. 4. 20%®21%c. Tallow—Firm; special to extra. B%@9c. Hay—Easy; No. 1. [email protected]; No. 3. 90c4751.05: clover. 85c @sl.lo. Dressed poultry—Quiet; turkeys. 204755 c; chickens, 22® 40c; broilers. 224/ 40c; fowls. 15@33c; ducks. 18@24c: ducks. Long Island. 25c. Live poultry—Steady; geese. 23c; ducks. 144(30c; fowls. 17@30c; turkeys. 30c; roosters. 15c; chickens, 17® 36c. Cheese—Steady; State whole milk, fancy to specials, 27%4729%c; young Americas, fresh. 28%c. Potatoes—Long Island. 62®4.75: Maine. $3,104/4.10; Jersey. $3. Sweet—Jersey, basket. [email protected]: southern, barrels. $1.75@2, maskets, 65@90c. Fi<i United Press CHICAGO. Oct. 21.—Butter—Receipts. 7.848; extra firsts. 44%4/45%c; standards. 44%c; firsts. 40%47 42c; seconds, 36@38%c; extras, 47c. Poultry—Receipts. 5 cars; fowls, heavy. 22%c; small. 16c; springs. 22%c; ducks, heavy, 22®23c: small. 18c; geese, 204/21c; turkeys, 30c; roosters. 17c. Eggs—Receipts, 2,633: ordinaries. 28@32c; firsts. 35@43c; seconds, 204/26c; extras, 32% 4733 c. Cheese—Twins. 27%c; young Americas. 27%@28c. Potatoes Arrivals, 201; on track. 472; in transit. 1.480: Wlsiconsin sacked round whites, $1.45471.65; Minnesota and North Dakota sacked round whites. $1.4001.50; sacked Red River Ohios. $1,354/ 1.45; bulk Red River Ohios. [email protected]: Idaho sacked rurals. Sl.SOai 1.65; sacked russets, $1.75@2. Sweet potatoes—sl47l.so.

Local Wagon Wheat

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

In the Cotton Market

(By Thomson Sc McKinnon) NEW YORK, Oct. 21.—Looking back to last month, prices are now attractive. But how about the future? I am afraid the character of the news about Cotton is going to change. We have failed to get a killing frost In the West and in another week it will do no great damage. Crop ideas are more apt to grow than decrease. Don't fight the market. Oood traders take small losses.

Births Boys Edward and Leila Edwards, 509 S. HardIng. oee and Anna Bryan. 1305 Barth. Harry and Martha Hessman, 379 Prospect. Isaac and Helena Manuel. City hospital. Benjamin and Harriett Leßoy,' City hospital. James and Pauline Bigelow, 427 N. Liberty. Edward and Frieda Nordhott. 2403 Madison. Clifford and Hannah Bell, City hospital. Payton and Marie Dodson, City hospital. Charles and Macy Bush, 520 W. Seventeenth. Girls William and Ethel Barkdell, City hospital. Russell and Manda Wilson, City hospital. Claude and Ruth Ralnev, City hospital. Edward and Dorothy Hanslng, 821 English. Archie and Geneva Everett, 122 N. Arsenal, James and Dimple Sargent, City hospital. Thomas and Leila Tandy, City hospital. John and Cora Andrews, 620 Drake. Filbert and Beatrice Yarbo, 1423 Barrow. Deaths Martha Jane McCarter. 79, 1920 Park, cardiac insufficiency. Dock Chilton, 44. 2358 N. Rural, valvular heart disease. Margaret Nancy Merrill. 73. Sl6 E. Fortysixth. acute nephritis. Horace Boone, 40. 1732 N. Arsenal, chronic myocarditis. George W. Bennett. 62, 21 S. Brookville Rd.. cerebral hemorrhage. Edwin Horton, £ months, Riley hospital, malnutrition. . .... Charles Leonard, 1, City hospital, diphtheria. A penny invested at 4 per cent at the time of the birth of Christ would now amount to $3,746,604,-32,133,-987,466,180,006,321,806. This turn, in gold would amount to 148,000 times the weight of the world.

Rest-Full! He knocked on the front door, but she wouldn’t let him in. Then he went to the back door, broke the blass, reached in and turned the key and entered, Mrs. Agnes Oivods, 2601 W. Walnut St., told police. Straight to the bedroom he marched, disrobed and crawled into bed. She ran and called police. The man gave his name as Ray Flack, 2613 W. Michigan St., and was charged with intoxication, malicious trespassing and assault and battery Flack said he thought he was at his own home.

KEEN INTEREST SHOWN IN CHINA BY ALLRUSSIA Soviet Claims Its Hands Are Off, but Sympathy Is Given Revolution. This Is the sixth of a series on pres-ent-day conditions in Russia by Jerome Davis, a member of the faculty of the Yale University Divinity School, who has spent the summer In Russia as special correspondent for The Times and NEA Service. BY JEROME DAVIS MOSCOW, Oct. 21.—Everywhere one goes in Russia one sees, hears and even tastes China—for most of the tea comes from that country. To be sure, the average peasant is rather apathetic about events in the Far East, but to the Communist it is a subject as absorbing as baseball or a presidential election in the States. In the book shops, of which there are hundreds, one always finds an entire section or shelf devoted to recent books and pamphlets on the Chinese question, most of which were published by the Communist party. Even Housewives Interested Leaving the book shop, I visited a grocery store. Over a big display of vegetables hung a large brilliantly colored red bunting on which was lettered in white welcome to the Chinese revolution. The same evening I attended a regular meeting of the housewives of the district. What was my surprise to hear these mothers, after talking about the difficulties of household economies, pass a resoluiton to send their greetings to the, wife of the former president of China. Sun Yat Sen. Just why should there be this craze about China and the Chinese? Ever since the invasion of Russia by the Mongols there has been an Asiatic strain in the people and an inevitable inteiest in Chinese affairs. Here’s the Secret Add to this the fact that Russia borders on the Chinese empire and therefore has an especial economic stake in what happens there and the added fact that China is now the most promising land in the world for a revolutionary Communist movement, and you may have the secret of the Chinese mania. What has been the place of the the Russian government in this revolutionary struggle? First of all, it has abrogated all the unjust treaties. It has given up all the special property concessions. It has kept only a half Interest in the Chinese-Eastern Railway. \ It claims to be even willing to give this up when China has a government of the workers and peasants. Denies Any Fropaganda The Russian government categorically denies that any of her government officials have done any propaganda work in China or have given arms and ammunition to any of the armies. On the other hand it has not hesitated to lend its moral support to the Nationalists. While it is conceivable that as a government Russia may have kept her “official” hands clear of Intervention in Chinese politics, this is certainly not true of the Communist Internationale. In the next article I will show some of the policies and acts which the Communist Internationale has followed in China, as admitted by Russians here. (Copyright. 1927, NEA Service. Inc.) Building Permits ham T s3oo EdWardS ' furnace * 435 BuckinnjjDa'vid Underwood, garage, 857 Buchanan. R. P. Boyd, oorch, 1764 Morgan. S2OO $220 Fost ' !^ • furn a<*. 934 Belle Vieu PL, $222 bert Dußan * furnace - 8159 Broadway. Raymond Brennan, furnace, 946 W. Thirty-Second. $253. so Milton Powell, furnace. 6216 Cornell. Frank Biziso. addition. 910 S. New Jersey. SSOO. August J. Krebs, furnace. 1650 S. Talbott. $330. J- H. Miles, furnace. 5430 Broadway. $1,500. Grlnslade Construction Company, furnace. 6006-08 College. $250. J H. Miller, furnace. 913-15 N. Bancroft. $275. Mrs. Clara Poole, furnace. 524 lowa. S4OO. Prank Wright, furnace. 903 Highland, $340. John I. Doolittle, furnace. 1021 King. $330. R. M. Guthrie, furnace. 810 E. FtftySovenlh, $4lO. L. C. Jackson, storeroom. Liberty and Court. $6,000. Fred Roth, repair. 722 E. Terrace. S2OO. G. Barer, repair, 1215 Bradbury, $250. Hugh McDonald, dwelling and garage. 2342 Parker. $3,100. Mary A. Domasco, furnace, 935 N. Garfield. S2OO. Charles W. Sibert. furnace. 931 N. Garfield. S2OO. E. L. Andrews, dwelling and garage. 4718 E. Twelfth. $4,125. F. B. Kellogg, dwelling and garage. 5735 Washington Blvd.. $1,500. Puritan Finance Company, dwelling and garage. 326 Tabor, $3,200. Puritan Finance Company, dwelling and garage. 4818-20 E. Tenth. $3,700. Harry A. Angell, garage. 3837 N. Delaware. S4OO. <A. C. Kendall, dwelling and garage, 1450 N. EucUd. $3,800. S. Davis Realty Company, dwelling and garage. 1409 Le Grande, $2,650. A. S. Brown, garage. 1309 S. Sheffield, $250. Herman Riebling, garage, 1906 S. Spruce. $275. West Michigan M. E. Church, basement, northeast corner Sheffield and Michigan, $2,000. Joe Lentz, dwelling and garage, 1206 N. Colorado, $3,150. ft. ov Clemens, dwelling, 5251 E. Eleventh. $3,650. - D. W. Talma dge. dwelling and garage. 3314 Orchard, s£soo. Ralph Dakin, dwelling and garage, 2430 E. Dakin. $2,200. M. South, basement, 808 Lex.ngton. $235. Indianapolis Power and Light Company, power station, 3105 English. $5,000. M. D. Lupton, rer'JngjMßitter. S2OO.

NOTED WRITER PRAISES SCRIPPS-HOWARD PAPERS FOR INDEPENDENT POLICIES ‘Fire the Liar/ Slogan of Founder of Great Chain of Publications; Interesting Story Reveals How New Thought Was Injected Into Columns.

(Continued from Page 1) rather rowdy. If the word Bolshemism had been invented then, they would have been called Bolshevist. They had a Stephen Decatur attitude toward the union; they were lor it, right oi - wrong. As organized labor grew stronger, and the practices of the capitalist group altered for the better, the Scripps-Howard papers modified their policy. The Cleveland paper uncovered corruption in the building trades union, for example, and helped send two men to the penitentiary. The kind of partisanship that had brought a charge of radicalism in an early day, lacked motivation, once the worker was strong enough to stand on his own feet.” • • • m SHARE the prejudice of most newspaper men against cons o 1 id ations, mergers and chains,” says Bent. "That independence and competition are a prerequisite to a courageous press seems axiomatic. How can a paper under absentee ownership, pledged to contribute its share to the profits of an organization, and subservient to an editorial voice in another city, serve its own community competently?” This leads him to relate the growth of the Scripps-Howard group in the past year, the purchase of the New York Telegram, the mergers in Memphis and Knoxville and the stirring events in Denver following the purchase of the Rocky Mountain News and the Denver Times. Os this now classic newspaper battle, he says: “The Scripps-Howard papers do not customarily resort to circulation methods of this sort. But they happened at the time to be in Rome. They fought fire with fire. Elsewhere they have relied, as a rule, on the United Press, the Newspaper Enterprise Association features, and the Washington news supplied by the ScrippsHoward Newspaper Alliance, supported by a lively local staff and a forthright editorial policy. Nor are they merely ‘news merchants;’ let us see what some of them have done elsewhere. “In Knoxville, Tenn., by a vigorous campaign against a wasteful and inefficient municipal government, the ‘News’ succeeded in setting up a city-manager plan and 1 enlisting in it not only the support but the service of substantial business men. “In Evansville, Ind., the ‘Press’ has divorced the city government from the Ku-Klux Klan, has cleaned up the gambling joints, and there, too, has undertaken to substitute a business-like citymanager administration for Bossism. "In Indianapolis the fight for a city manager, in which The Times triumphed by a vote of 5 to 1, was but a minor engagement in a greater battle against the Klan.” Bent tells at length of the part played by The Indianapolis Times In cleaning up Indiana. “The outcome of this fight attracted national attention,” he says. “It was a conspicuous example, I take It, of the constructive usek to which ‘crusading’ newspapers can be put. At a time when the daily press is coming more and more to declare that the exposure of corrupt officials is none of its business, instances of this sort stand out as beacons. It is true that Stephenson might never have smuggled out his message if there had not been another fighting newspaper in Vincennes; It is true that the struggle might have failed but for the assistance, as time went on, of the Indiana press generally. But the fact remains that the tenacity and bravery of the Scripps-Howard paper were mainly responsible.” • * • mNSTANCES of this sort might be multiplied. Those I have sketched are not the most remarkable; they were chosen because taken together they present a fair picture. The Scripps-Howard papers seldom quarrel with invidtduals; they are not condescendmg or flippant editorially; they are not solemn or sanctimonious: they do not spatter competitors with mud, and they are never too busy for a hearty scrap, “They are happy warriors. “In a long newspaper experience, I have never heard of one of them who got into a fight which wasn’t a good fight, in a good cause. The Instances I have cited show, I think, that these papers have skill, courage and power. They show that not all the American press is indolent and flabbj , as is often charged.” The relation of the local editor to the general organization is thus explained by Bent: “In national policy the papers of this chain are a unit. In wet

Catholic Institutional Bonds We offer: $75,000 SISTERS OF MERCY, Hammond, Indiana, 5% First Mortgage Re&l Estate Bonds secured by Infirmary and Nurses’ Home. Catholic Institutional bonds of this character have an enviable record for prompt payment. Price: Par and Accrued Interest. * THE MEYER-KISER BANK 128 East Washington Street

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New York and dry Knoxville they advocate modification of the Volstead act. They did this long before they acquired a New York city newspaper. Editorials on national and international affairs are sent over leased,wires from Washington and from New York, but there is no requirement that any paper shall use evqry or any editorial. And in local affairs the editor has free play. He decides for himself what his policy shall be as it affects his own community. He alone is responsible the consequences. The chain thus represents a kind of confederacy, with local autonomy.” .UMMING up his interesting S discussion, the writer sayg: “At the beginning of 1927 mere were more than 1,200 editors, reporters, copyreaders, advertising men, compositors and other employes as stockholders in Scripps-Howard Investment companies. They owned shares with an approximate value of $5,000,000 and an actual value of half as much again. “The United Press and the Newspaper Enterprise Association (the feature service) are operated quite independent of the papers, and the editor-in-chief of the ‘chain’ has no jurisdiction over them. “The Scripps-Howard investment companies are pools of stock in various newspapers of the chain, so grouped as to guard against decline in dividends when a single newspaper finds itself in financial difficulties. The plan is that such losses shall be more than offset by the success of other papers in the group. “The investment companies do not influence the local policies of the papers, each of which has its distinct list of directors. They serve merely as a device to give employes a stable form of investment, and a share in the profits of the organization. “The Scripps-Howard papers have improved the standards and the news service in the afternoon field, beyond question: they have supplanted bulletins with compact news coverage, and their competitors have been compelled to follow suit In many Instances. They enter with greatest joy that community where other newspapers are lax, and they have vitalized the press in more towns than one.

mN the Scripps-I-loward group we have this picture: The dominating influence is editorial, as it should be, and the business office is subordinate; such private interests 03 might call for the coloring of news are eliminated; financial stability and independence are secured by reductions in the cost of management and editorial content; there is local autonomy and a fighting spirit. These are a heritage from old man Scripps. And it is plain that under the present management the legacy Is not being dissipated. “In the four years, 1920-1924, * the chain increased its business 150 per cent, and its circulation since 1920 has risen from 800,000 to more than 2,500,000. Plain speaking and hard hitting have cost dearly in particular places and at particular times, but in the long run they have made headway. ' “Accuracy in news, liberalism without fanaticism and tolerance and independence in day-to-day journalism, appear to pay dividends.” MASKED BALL PLANNED FOR YOUNGER G. 0. P. Junior Republican Frolic Will Be Given Oct. 26. A masked ball on the night of Oct. 26 in Tomlinson Hall is being planned by young Republican voters. Republican county organizations are cooperating in the presentation of the Junior Republican frolic. On the general committee are James A. Perry, chairman; City Attorney John K. Ruckelshaus, Louis Fletcher, Leland Morgan, John F. Payton, Ray Powell, Bud Campbell, Judge Byron K. Elliott and John Caylor. Cliff Perrine’s orchestra of Dayton will play. Singers and dancers will provide entertainment. Committee chairmen are: John K. Ruckelshaus, judge and prize awards; Kenneth Byrkett, finance. Mrs. Violet Tex Walther. .tickets; A R. Robinson, Jr., decorations: Frank Miller, floor; Jane Axtell, registration; Miss Helen Hildebrand, publicity; Paul Gray, prizes, and Charles Kershell, music and entertainment.