Indianapolis Times, Volume 39, Number 147, Indianapolis, Marion County, 28 October 1927 — Page 29

OCT. 28, 1927

LOAN DECREASE SENDS MARKET PRICESUPWARD List Figures Held Irregular by Adverse Steel Reports.

Average Stock Prices

Average of twenty Industrials Thursday was 183.96. off .82. Average of twenty rails was 137.23. off .55. Average of forty bonds was 98.72, up .05. 7?,;/ United Press NEW YORK, Oct. 28— A decrease of *90,000,000 in brokerage loans buoyed up the early stock market today. Prices were still irregular, however, as the force of adverse steel reports offset the bullish loan figure. Traders watched with interest the first sale of Bethlehem Steel, which Thursday reported earnings of only 61 cents a common share for the third quarter, compared with $1.57 in the third quarter of 1926. Bethlehem opened unchanged at 50%, then rose to 51 and later eased fractionally. * The strength coupled with a firm opening in United States Steel at 135%, up 1%, encouraged buying in other industrial issues. Baking shares again attracted attention; motors advanced with mercantile shares, while some of the oils firmed up. National Biscuit Strong National Biscuit was a feature of strength, making up its $1 dividend and rising more than a poirit in addition. Union Carbine and Mack were whirled up a point or more. On the losing side, Radio dropped a full point. Active short covering went ahead in the early dealings, as a result of the decrease of $90,000,000 in brokerage loans reported for the week ended Oct. 26. Steel common spurted % to 135%; General Electric % to 124%; Mack Trucks 1% to 106% and General Motors 1% to 130. . However, special issues continued under pressure. Bethlehem sold off % to 50 % on publication of its report for the third quarter showing a balance for the common stock of 61 cents a share, against $157 a share for the third quarter last year. Down at Noon Stocks turned heavy around noon under the depressing influence of bad breaks in the principal industrials. Steel common drbpped to 132% off more than 2 points from its early high and General Motors to 126%, off 3% points. Sharp declines in these leaders aroused great bearishness in commission house circles. It was argued the failure of the rally to develop on a $90,000,000 decrease in brokerage loans indicated that banking interests were stlil dissatisfied with the current market'conditions and presumably favored lower levels. The reasoning induced large offerings throughout the list and the trend in the main body of stocks was definitely downward.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $3,104,000. Debits were $6,836,000. NEW YORK STATEMENT B,u United Press HEW YORK, Oct. 28.—Bank clearings here today were $1,020,000,000. Clearing house balance was $100,000,000.

Indianapolis Stocks

, —Oct. 28— —Stacks— Bid. Ask. Amer Central Life 550 Amer Creosoting Cos pfd >lOl% 105 Belt R R corn 66% 69 Beit R R Did 58 Cent Ind Power Cos pfd 92 Cities Service Cos com 60 62 Cities Service Cos pfd 56% ... Citizens Gas Cos com 56% 58 Citizens Gas Cos pfd 106 Commonwealth Loan Cos pfd... 100 Equitable Securities Cos com.. 51 Hook Drug Cos com 30 Indiana Hotel com (Clavpool) .125 Indiana Hotel pfd 101 Indiana Service Corp pfd 84 Indianapolis Gas com ../ 61 63 Indpls & Northwestern pfd... 53 Intlpls P & L 6%s pfd 101% 102 Indpls P & L 7s pfd 100 102% Indpls Pub Wei Ln Assn 47% ... Indianapolis St Ry pfd 34 35% Indpls Water Cos pfd 103 Inapis Water Wks Sec C 0.... 98 Interstate P S pr lien ipfd.. .101% ... Interstate P S 6s pfd 86% ... Merchants Pnb Ucil pfd 100 North Ind Pub Service pfd.... 97% ... Progress Laundry com 24 Ranh Fertilizer pfd 50 Real Silk Hosiery pfd 80 T K I & E com 1 THISEpfd 24 25% T H Trac and Lt Cos pfd 9i% 94% Union Trac of Ind co m i/ 4 Union Trac of Ind Ist pfd.. .. 2 Union Trac of Irid 2d pfd % Union Title Cos com 85 Van Camp Pack CO pfd 10 20 Van Camp Prod Ist pfd 96 100 Van Camp Prod 2d pfd ..... .. 100 —Bank Stacks— 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 Rnd Trust Cos 280 Indiana National Bank 264 269 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 100 Union Trust Company 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 5s 10 Citizens Gas Cos 5s 104 Citizens St R R 5s 87 89 Gary St Ry 5s 89 91% Home T&TofFt W6s 103% .. " Indiana Hotel 5s 100 Indiana Northern 2 Indpls Northern 5s 17 20 Ind Rv and Lt 5s 95 Ind Service Corn 5s 95 s ... Ind Union Trac 5s 3 Indpls Col & South 6s. 99 101 Indpls Gas Cos 5s 101 Indpls & Martinsville 6s 81% ... Indpls Northern 5s 17 20 Indpls & Northwestern 5s .L.. 81% ... Indpls Power and Lt Cos 55... 99 100 Indpls St Ry 4s 66 67 Indpls Trac & Term 5s 95 96% Indpls Union Ry 5s 101 Indpls Water 5%s 104 Indpls Water Ist 5s 99 Indpls Water 4%s 97% '... Indpls Water Wk Sec Cos 6s. .. 99 Interstate Pub S 6s . ?*. 104 Interstate Pub SBs 6%s 105% ... N Ind Pub Serv Cos 5s . 98 T H.'l & E 5s 89% ... T H Trac and Light 5s 99 Union Trac of Ind 6s 15 17 •Ex-dividend. —Liberty Bonds—--Ist 3%S 101.20 101.60 Ist 4’iS 103.10 103.50 2d 4%S 99.80 100.20 3d 4>is 100.60 101.00 4th 4%s 103.70 104.10 U 8 Tr 4%S 14.00 114.40 U 8 Tr 4s ! 109.10 109.50 U S Tr 3%s 105.10 106.50 U S Tr 3%s 99.80 101.00 U S Tr 3Vis 101.40 101.70

New York Stocks Bv Thomson St McKinnon ' —Oct. 28— Railroads— Prev. High. Low. 12:00 close. Atchison 185% ... 184 107% At Coast L 187 ... 183% 187 B & O 117 ... 116% 117% Can Pacific'....l9l ... 191 190% C & O 210 ... 206 209 C &N W 89% ... 88% 89'/a C R & P 104% 104 104% 103% Del & Hud 186% ... 186 186 Del & Lack 133% Erie 64% ... 82% 63% Erie Ist pfd... 61'A .... 60% 60% Ot No pfd .... 98% ... 98% 97% Lehigh Val ... 93% 92% 92% 93% K O South 61 60% 61% 60% L & N 148% M K & T 44 ... 43 43% Mo Pac pfd ...109% 109 109% 109% N Y Cen 161% ... 159% 180% N YN H & H 53% 52% 52% 52% pJo Pacific .... 96% ... 94% 96 Nor & W 186% ... 186% 186% Pere Marq 130 ... 129% 130% Pennsy 65% 65% 65 % 65% Reading 107 104% 104% 107 Va Southern Ry ...132% ... 132 133 Southern Pac ...121% 120% 120% 121% St Paul 16 St Paul pfd .... 29% ... 29 29 St L & S W... 74 ... 73 74% St L & S F 110% ... 109% 110 Union Pac 189% ... 187% 189 , Wabash 67'% ... 66% 67% Wabash pfd ... 34% Rubbers — Ajax 7% 7% 7% 7% Fisk 16% ... 16% 16% Goodrich 74% ... 73% 74% Goodyear 57 ... 56% 56% Kelly-Spg 27% ... 27% 27% US Rubber... 53% ... 51% 52% Equipments— Am Car & F 99% Am LOCO 103 ... 103 103 Am Stl Fd .... 47% ... 46% 47% Bald Loco 252% ... 252 252 Gen Elec 125% 122% 123 124% Lima 57% ... 57% 57% N Y Air 3k 39'/a Pres Stl Car ~ 22.. Pullman 77% ... 76% 76% Wsth A B 40% ... 40% 40 1 a Wsth Elec 79% ... 79 79‘/a Bethle 51 ... 49% 50% Colo Fuel 79 ... 18 T 9 Crucible 79% ... 77% 78% Gulf St Steel % Inland Steel ... 51 Phil R C & 1.. 39/a 39 39 39 Rep Steel 54 ... 53% 54% Sl-Shef ~ 115 U S'Steel 135% ... 132% 134% Alloy ?5% Vanadium 52% ... 52% 53 Amer Bosch ... 22% ... 22 22% Chandler ... 16% Chrysler 53% ... 52% 52% Cont Motors .... 10 9% }0 9 a Dodge 14% ... 14% 14% Gabriel 41% 39% ,40% 40% Gen Motors 130 Vi ... 126% 129% Hudson 69 Vs 68 68 % 68% Hupp 18 17% 17% 17% Jordan 14% ... 14% 14% Mack 106% ... 103% 104% Yellow Coach .. 30% 28% 28% 29% Moon i;% Nash 84% ... 84 84 Packard 46% ... 46% 46% Peerless 22% 22% 22 Va 22% Pierce Arr 9% ... 9% 9% Studebkr ... 54% ... 54 54% Stew War 70% ... 70 70 Timken .114% ... 112 114 Willys-Over .... 15% 14% 14% 14% White Motors ... 37% ... 35% 37% Amer Smelt ....162% 160% 161 ICI Anaconda 64% ... 45% 46% Cer De Pas 62 ... 62 63% Inspir 18% ... 17% 18% Int NIC 64% 64 64% 64% Kennec 74% 73% 78% 73% Magma 48% .■. 47% 48% Tex G & 5u1.... 70% 69% 69% 70 Cal Pete 21%t ... 21% 21% Freep Texas ... 93% 92% 92% 92% Houston 150 146% 147 148% Indpt Oil 23% 23% 23% 23% Marland C .... 33% 33% 33% 34% Mid C Pete 27% ... 26% 27% LagO 32 ... 31 Va 32% Pan-Am Pete B 46% ... 41% 48% Pro & Refg : 26% Phil Pete 40% 40% 41% Union Oil V. ... 43% -.43% Pure Oil 25% 25 25 25% R’y’l Dutch 45% Shell 25% ... 25 Vi 25% Sinclair 16 15% 15% 16 Skelly 26% ... 26% 26% S O of Cal 54% ... 54% 54% S O of N J... 39% ... 38% 39% S O of N Y... 31 30% 30% 31% Texas Cos 50% 50% 50% 39% Trans Pete 7% 7% 7% 7% Whi Eagle 21% Industrials— Adv Rumly ... 10 Allis Chaim ....111 ... 11l 111 Allied Chem ...148% 145% 146 147% Armour A 10% ... 10% 9% Amn Can 64% 62% 63% 63% Am H-L 12 11% 12 12 Am H-L pfd... 58% ... 58% 58% Am Safety R... 56% ... 56% 66% Am Woo! • 21% Am Linseed ... 62% 61 61 61% Coco Cola ... ... 122% Cont Can . 74 .... 74 74% Cert Prods * ... 52 Dav Chem 33 Dupont 317 316 317 317% Famous PI 109% . . 108% 109 Gen Asphlt ... 86 84 9 85% Int C Engr 43% ... 4* 4 43% Int Paper 66% ... 64% 66% Int Harv 211% ... 208 208% May D Sta 85% ... 85% 85% Mont Ward ... 83% ... 81% 83 ' Nat Lead 114% Owen Bot 79% Radio 74% ... 71% 73% Real Silk 23% 23 23% 22% Rem Type 23% ... 23*% 23% Sears-Roeb 74% ... 73% 74% United Drug ...192% ... 192% 190%# Unlv Pipe 24% U S C I P 204 ... 204 202 U S In A1 74% ... 74% 74% Woolworth 175% Utilities— Amer T & T ...176% ... 175 176 Amer Express. ..162% ... 182 161% Amer W W 63 62% 63 63% Brklvn Man .... 54% ... 54% 55 Col Gs & El ... 89 88% 89 88% Cons Gas 113 ... 111%, 112% Interboro 34% ... 34% 35 Nor Amer Cos ... 59% 68% 59 . 58% Peoples G 152% Phifa Cos 127% Std Gas &El .. 60% ... 60% 60% West Union 161% ... 161% 160 Shipping— Amer Int Corp 49% Amer S & C .. 2% ... 2% 2% Atlantic G ... 34% Int M M pfd ... 34% ... 33% 34% United Frt ....137% ... 137% 137 Foods— Amer Sugar ... 79% ... 79 78% A B Sugar 15% ... 15% 15% Austin N 5 Beech N 63% Cal Pkg 64 ... 64 64% Corn Prods 59% ... 58®> 58% Cuba C pfd Cuba A Sug ... 20%. ... 20% 20% Fleischmann .. 66% 66% 66% 66% Jewel Tea 72% 72 72 72% Nat Biscuit ...1.149 ... 148 148% Punta Aleg .... 30% ... 30% 30>4 Postum 116% 115% 116 115% Ward Bk B .... 30% 30% 30% 30 Tobaccos— Amer Sumat 62% Amer Tob 162 ... 160% 161% Amer Tob B ...162 ... 160% 161%Cons Cigars .... 76% ... 76% 77% Gen Cigars .... 68 ... 67V, 67% Liggett 121 Vs ... 121 % 121% Lorillard. 37 36% 37 37% R J Reyn 147% ... 147% 147fc Tob P B 96% ... 96% 97% Un Cig Store ..33*% ... 33% '33% Schulte R S ... 50% ... 50% 50%

Produce Markets

Butter (wholesale price)—No. 1. 47(7® 50c; No. 2, 44©)46%c; packing stock, 22® 25 C Butterfat (buying prices)—47c. Eggs—3tricdy iresh. delivered at Indian, apolis, 40<S41c. Poultry (buying prices)—Hens. 20@21c; Leghorn hens, 13© 14c; Leghorn springs. 14 ©lsc; sprirfgs, 18©20c; roosters. 10© 12c; turkeys, hens. 20© 25c; young toms. 20ft’ 25c; old toms. 15©20c; ducks, 13© 15cgeese. 8(cE10c: guineas, young, 50c; old 35c Cheese (wholesale sellin gprices. per pound)—American loaf. 35©38c: pimento loaf. 37 © 40c: brick loaf. 35©>38c: Swisl, No. 1, 43f}46c; No. 2. 39@42c: imported Swiss. 60©62c; Wisconsin fiat, mild and ••'harp. 30©32c; print cream. 31c: flat Daisy. 28©30c; * Longhorns. 28®30cNew York limberger. 32 ©3sc: Wisconsin limberger, 28©i32c Bn United Press CLEVELAND, Oct. 28.—Butter—Extra in tub lots, 49% ©sl Vic; firsts, 42%®44%c----seconds. 40© 41c! packing, 28c. Eggs— Extras, 50c; extra firsts. 47c; firsts. 41c; ordinary, 34c; pullet firsts, 24c. Poultry —Fowls, 23© 24c; heavy. 25c; Leghorn fowls, 14© 15c; heavy springers. 23© 24cLeghorn springers, 21@22c; cocks, 16©17c; ducks. 22©,24c; geese. 20©22c. Potatoes —Maine, branded s*.so per 150-lb. sacks; plain, $3.35; Ohio, $3.15©3.25; Michigan $3©>3.25; Wisconsin, Minnesota, $2.25©2.35; 105 and 110 lbs.. Idaho bakers, russets, 32.50; rurals. $2.25©2.35; Colorado brown beauties, [email protected]. Bir T'nitrd Press CHICAGO, Oct. 28.—Butter—Receipts. 6,422; extra firsts, 43%@44%c; standards. 43c; firsts. 40©41%c; seconds, 38@36%0; extras, 46%c. Eggs—Receipts, 1.478: ordinaries, 26©32c: firsts, 35©40c: seconds. 20 ©26c; extras. 31%c. Cheese—Twins. 26%c; young Americas. 27%c. Poultry—Receipts. 9 cars; fowls, heavy. 21 Vic; small. 15 W ~<T( 16%c; springs, 22c :ducks. heavy, 20© 22c: small. 18c: geese, 188 c: turkeys, 25© 30c; roosters. 17c. Potatoes—Arrivals. 161; on track. 494; in trapsit. 1.189; Wisconsin sacked round whites. U. S. grade No 1. 51.35®1.50; Minnesota and Dakota sacked Red River Ohtos. $1.25© 1.40: round whites, $1.30® 1.40; Idaho sacked russets, Burbanks, $1.50© 1.75; mostly $1.65: sacked rurals, [email protected]. Sweet potatoes—sl© 1.50. FOREIGN EXCHANGE Bn United Press NEW YORK. Oct. 28.—Foreign exchange opened irregular. Demand sterling. 4.86%, off .00 l-16c; francs. 3.92%c. off .00%c: lira. 5.46'4c, up .00V4c; belga, 13.92 c; marks, 23.85 c, off .00%c.

PORKERS STILL SEARCHING FOR BOTTOM PRICES . N .. Market About 15 Cents Off; Some Lightweights Down 50 Cents. —Hog Price Range— Oct. Bulk. Top. Receipts. 21. 11.35® 11.70 11.75 6.000 22. 11.25it11.50 f1.50 3,500 24. 10.50®,11.35 11.40 5.500 25. [email protected] 10.50 9,000 26. 9.50(ff10.25 10.75 6.000 27. 9.00® 10.25 10.40 4.000 28. 8.75# 10.15 10.35 4,000 Hogs we-e still on the downward path in today’s trading at the Indianapolis livestock market with the top selling at $10.35 in the case of a part of one load. The practical top was $10.25. The bulk price for animals weighing 160 to 225 pounds averaged $9 to $9.90. Receipts were estimated at 4,000 with 2,247 held over from Wednesday. The Chicago market opened slow but was strong to 25 cents higher. The top was $10.25 paid on 270 to 290-pound averages. About 30,000 were in the pens, one-third of that number being holdovers. Lambs were steady to slightly weak, vealers were off 50 cents or more and the cattle market was dull and weak. All Hogs Off All divisions dropped 15 to 25 cents on the hundredweight in the seasonal decline that seems to be holding over longer than usual. Pigs were down to and animals weighing 130-IGO pounds were sß@9. Medium material, 160-200 pounds was $9#9.75 and that in the 200-250-pound class was $9.65® 10.15. Heavy meat material averaged [email protected], although a few went at $10.35. The cattle market was (Jpll and weak. Beef steers dropped to $10.50 ® 13.25. Beef cows were unchanged at [email protected]. Low cutters and cutter cows went at $4.25 @5.75, and bulk stock and feeder steers at $7.50 @9. About 700 were received. Calves 50 Cents Down Calves were down, best vealers selling at $14.50@ 15.50 and heavy animals at steady prices, $6.50@10. Receipts were approximately 600. Sheep and lambs were - about steady, the top dropping 10 cents to $13.75. Bulk fat lambs were unchanged at sl3@ 13.50, as were others; culls selling at $7.50# 10 and fat ewes at [email protected]. About 1,300 were brought to the yards.

—Hon — Receipts, 4,000; market, lower. 90-1.3 C lbs, $ 7.00®! 8.00 130-160 lbs S.Oil fit' 9.00 160-200 lbs OOOfii 9.75 200-250 lbs 9.65® 10.15 250 lbs 10.00® 10.25 -CattleReceipts ,700; market, dull. weak. Beef steers $10.50®;13.25 Beef cows 6.59® 8.50 Low cutters and cutter cows.. 4.255> 5.75 Bulk stocker and feeder steers. 7.50® 9.00 —Calves— Receipts, 600; market, lower. Best vealers *14.50®15.50 Heavy calves 6.50®;10.00 —Sheep aid Lambs— Receipts. 1.300; market, about steady. T;o fat lambs # sl3 75 Bulk fat lambs 13.00® 13 50 Bulk cull lambs 7.50® 10.00 Fat ewes 4.50® 6.50 Other Livestock Bji United Press v . CHICAGO. Oct. 28.—Cattle—Receipts. 3.000; choice fed steers, active: lower (Trades slow, steady; she-stock on "catch as catch can” basis; steady to weak with recent decline; no lights *ln bull trade; stale kinds predominating; vearlers steady; Stockers and feeders fully steady; bulk fed steers. $15.75, sprinkling at sl4® 15; plainer offerings at sll® 13; weighty packing sows mostly s7® 7.15; largely $12.50® 13; trade on vealers; choice kinds to outsiders, sl4® 14.50 Sheep—Receipts. 9.000- fat lambs fairly active, 10@ 15c higher; bulk native lambs, $13.75® 14; best early to city butchers. *14.10; refusing $14.25 for choice range lambs; bulk lambs, sll® 11.50 few sl2; most culls. $10,500/11; choice fed clipped lambs with weight eligible around |IJ: sheep steady; desirable fat ewes. *6® J-, 5 . 0 : weedlnjg lambs, scarce and steady $14.50 downward; choice 97-lb. clipped , la H mbs - * l2 25 ; Hogs 'soft or oily in nnn n^„ r< t as f tln ? P J* S excluded)—Receipts 25 „c up: heavyweight 250-350 lbs., medium to choice, *9.50®10 25medium welkin, 200-230 lbs., medium' to choice. $9.40® 10.25; light weight, 160-200 iht/ m lsn ‘0 c chol ce. *8.75® 9.90; light 130-160 lbs., common to choice sr.7s£x 9.25; packing sows, smooth and slau shter pißs, 90-130 lbs. medium to choice. $7.25<?/„8.25. Bu TJnitrd Press CINCINNATI, Oct. 28 —Hob’s R.pe#lnte n? c c IS?S lbs., $9.50® 10; 206-250 W-85@ij0: 180-200 lbs., $9.25#10' 130bS ” [email protected]; 90-i3O lbs., &7® 9; P a ( cl < ln ß s°ws. $7.50® 8.50. Cattle—Receipts. 750; calves, receipts 400- market steady to 25c lower; veals steady to 50c down; beef steers. s9® 12.75; light yearling steers and heifers, s7® 13; beef cows % 6 s J sn 25; °'f’’ cutter and cutter cows. $4 s<j ®5 50: vealers, slo® 14.50: heavv ealvee ® 9 50 3 ’ b Rh St °n k a , nd feeder steers'. $3 liof' to ? B ? a e t eP ilS e bSf lP Vi3.so®-° o: buff ar ?I t t buTk fat s ewe® 4#6 bUlk cuil lambs ’ 1?;/ Times Special ' . LOUISVILLE. Oct. 28.—Hogs—Receipts, 80 market, steady; tops, $9.75. Cattle Receipts, 200; market, steady." Calves Receipts, 200; market, steady; good to sqice, $11.50® 13.50: medium to good? $7.50® 9.50: outs, $7.50 down. Sheep— Receipts. 100: market, steady; top larebs $11.50® 12; seconds, s6®>7; sheep, s3®s. Bn United Press EAST BUFFALO. Oct. 28 —Hoes—Receipts, 0.000; holdovers. 1,979;' marTcet 25 ian OC ih doW i 1 o : e? 50 ',?. 50 lbs " 69.75® 10.15: 200.75® 10.15; 160-200 lbs SO 00ft jS ISL,. 1 ®?: 16 ,?. lb*- $9®9.60; 90-130 lbs., ;, B^° '' 9 - Bp. 8 p. packing sows. sß® 3.75. Cat-tle—-Receipts 250: calves, receipts, 603calves, 50c down' vealers ewei, *s6® 6°50! lambs ' $10&18 ' 5 °: Bn United Press EAST ST. LOUIS. Oct. 28r—Hogs—Receipts, 7 000: holdovers, 6.744; market l 1 ’’ 0 ?*- 10 ,S HP/ 25 0 -350 l bs .. $9.56® 10/ 200Jhs.. $9.40^/10; 160-200 lhs $9 < i 3 7°4 le °J b £v 8 - 25r "9'35; Sb-Wo' lbs.: $7 50°/ 8.75. packing sows. $7.50®8.50 CattleReceipts, 1,500; calves, receiDts l nnnSt Z ady: beet steer °. $9.75® 14 50 : light yearling and heifers. SB4/10- beef cows. s*2s® 7.25; low cutter and cuttfCO’VS. $4.55® 4.75- vealerV tit. 5.“.. calves. s6® 9; bulk stock and feeder st’er^ $6.25® 9. 3heep—Receipts, 1,000; Market’ steady- top fat lambs, $13.75- bulk fat fat’ewel *4 50®5.5O CUU lambS ’ ,3 ' s ° f bul! ' Bv United Press TOLEDO, Oct. 28.—Hogs—Receipts 250market 25c off on heavies, 50c offoh pit's : heavies. $9.75®10: meduim. $9,654/9 75 : Yorkers. $9.25® 9.50. Cattle-Rcceints } £&t* ma , r \ et . steady. Calves—Receipts’ light /market steady. Shee pand lambs— Receipts, light; market slow. 25c off. Bn United Press / , PITTSBURGH, Oct. 28.—Hogs—Receipts 3.200; market, active at decline of 25c 250-350 lbs., $9.75® 10.10; 200-250 lbs $9 75 @10.10; 160-200 lbs.. $9.50® 10; 130-160 lbs $8.75®9.50; 90-130 lbs.. $8.50® 875 picklng sows. $8.25®>8.50. Cattle—Receipts!! Ba. Calves—Receipts. 100; market, steady; st *£T s - $10.50® 12.25; vealers, sl4 50 ®l6. Sheep—Receipts, 1,000; market steady; top fat lambs, *13.75; bulk cull lambs, sß® 10. Bn United Press CLEVELAND, Oct. 28.—Hogs—Receipts. 2.500; holdovers. 1,200: market, sows oOc down: others teady; 250-350 lbs., $9.75® 10: 200-2jo lbs.. slo® 10.10: 160-200 lbs 59.75®10; 130-160 lbs., s9® 9.76: 90-130 lbs" $8,754/9; packing sows. $8.25® 8.50. Cattle—Receipts. 250. Caylves—Receipts, 250; market, steady; beef steers, s9® 10.25; beef cows. s6®B; low cutter and cutter cows, *.50®5.50: vealers. sl4® 17; heavy calves. s9® 13. Sheep—Receipts, 1,500, market, steady; top fat lambs. sl4; bulk fat lambs. $13.504/13.75; bulk cull lamfc' [email protected]; bulk fat ewes, $5&6.50.

.•THE INDIANAPOLIS TIMES

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Oct. 28.—Brokers loans have made a ninety million decrease for the week. I would net venture to say what effect this will have. If loans have been Ignored on the way up. it remains to be seen whether they will be ignored on the way down. What stri/ses me more forcibly is the statement of President Grace of Bethlehem Steel. He declares that prices are now down approximately to a pre-war basis. Costs cannot be further reduced except by one method which, he says, we do not like to think of. There Is no Intimation of Immediate action as to wage reductions, but it brings us face to face with the condition of a ma'or industry at this time. The Steel Inslitute meets today and the teapr of Mr. Schwab's remarks will be aWaited with interest. There are a number of rail earnings reports available this morning and most of them show substantial decreases. Only the northwestern roads are making good showings. I do not see what there is in the news to encourage new having and therefore feel that you should adhere to the selling position.

FORSEE DAY WHEN U. S. CAN TALK TOW9RLD Phone Connection With Mexico City Great Link in Communication. NEW YORK, Oct. 28.—When President Coolidge in the Pan American Union building in Washington and President Calles in Mex\c& City simultaneously took the telephone receiver in hand and talked to each other over 3,357 miles of wire, another stride was made toward realising the world communication dream of telephone pioneers. On Sept. 30 it became possible for any one in the United States within reach of a long-distance telephone to talk with any one of several leading Mexican cities. Talk to Whole World Telephone men are already beginning to foresee the day when Americans can talk to Alaska as they now can to Canada, Britain and Mexico. The new Mexican service is said to be but a phase of the progress of the science that for the last half century had rapidly been improving itself. Only a little more than forty years ago New York talked over long-distance phones with Boston for the first time. Thirty-five years a£o the first New York-Chicago line was opened. Fifteen years ago the first telephone cable spanned the continent, hooking up San Francisco with the eastern seaboard. Wire Touch Border After that two additional routes for coast-to-coast service were added. A southern route by way of New Orleans, Ei Paso and Los Angeles was completed in 1923, and last January a northern one was opened by way of Chicago, Minneapolis, Fargo, Bismarck and so on out to. Seattle. With these achievements in linking up the country by telephone, the United States awaited only initiative in Mexico to effect another inter-national connection. Mexican long-distance wires now reach tne border. Extensive New Circuit Thus l#is edme about the new circuit from Washington to New York, through Harrisburg, Pittsburgh, Cleveland and Toledo to Chicago, then, turning sharply southwest, on to St. Louis, Dallas, San Antonio, and to Laredo on the Texas border. It is met in Nuevo Laredo, across the Rio Grande, by the Mexican line, coming from Mexico City to San Luis Potosi (where a branch from Tampico with an off-shoot to Victoria joints it), and on through Saltillo and Monterey. This is the joint accomplishment of the American Telephone and Telegraph Company and the Mexican Telephone and Telegraph Company of the International Telephone and Telegraph Corporation.

FRENCH FLIERS TO U. S. South Atlantic Aviators Ask Permit to Cross Mexico. MEXICO CITY, Oct. 28.—The French legation today asked the foreign office to permit Dieudonne Costes and Joseph Le Brix, French' trans-Atlantic fliers, to fly over Mexico cn their return from Buenos Aires to France. It assumed that the aviators would continue northward to the United States, as they had planned tentatively after their crossing of the South Atlantic. NEGRO HELD FOR CRASH Failed to Stop After Striking Woman, Police Charge. Vesta Petty, 18, Negro, of 1907 Zwingley St., wffs arrested today by Sergt. Frank Owen on charges of failure to stop after an accident, reckless driving, assault and battery and vagrancy. Owen say?/ Petty’s automobile struck miss Dora West, 18, of 1905 Reformer St., Wednesday at Villa and Minnesota Sts. b. ; DELAY OIL CASE FIGHT Lincoln, Neb., Tries to Separate Retail Stations; Opposed. B)l United Press WASHINGTON, Oct. 28.—The United States Supreme Court has deferred to the week of 'November 21, hearing of arguments, originally scheduled for today, on the case involving the Standard Oil Company’s fight against the city of Lincoln, Neb., to prevent the city from operating a retail oil station.

Honored Four Tiffany color classics have been selected by the national board of review for their yearly Photoplay Guide. These four short reel gems are: “The Barefoot Boy,” “The Isle of June,” “Fisherman’s Luck” and “The Trail of a Ranger.”

Average Man

$ Roy L. Grayof Fort Madison. la., selected by a magazine after a national survey as the average American mars, is pictured here as he looks over Chicag > from the roof of a hotel. Gray’s home town also was named the average city.

LOWER WHEAT FOLLOWS WIDE FLUCTUATIONS Major Grain Half Cent Down, While Corn Advances; Oats Higher. Bu United Press CHICAGO, Oct. 28.—After fluctuating erratically during the opening hours, wheat futures worked sharply lower, and corn considerably higher, during today’s session on the Chicago Board of Trade. Wfieat opened practically unchanged, conflicting influences balancing the early trading. Reports of disappointing export demand today added final weight to the market and the decline was steady from that on. Receipts here were twentyone cars and cash was % cent lower. Rallying from a slightly lower opening, com advanced sharply on forecasts of unfavorable weather over the belt and country reports of lower yields. Com receipts were 306 cars. Cash corn was 1 cent up. Oats was fractionally higher in sympathy with corn. Receipts were forty-one cars. Cash oats steady. Provisions worked higher. Chicago Grain Table —Oct. 28WHEAT— Prev. High. Low. 12:00 close. December .. 1.24% 1.23% I.2** 1.24% March 1.28% 1.27% 1.27% 1.28% May 1.30% 1.29% 1.29'% 1.30% CORN— December ... .82% .81% .82% .81% March .86% .85% .86% .85% May 89% .88 .89 .88'® OATS— December ... .47% .47% .47% .47V, March 49 .48% .49 .48% May 49% .49% .49% .49% RYE— December ... .98% .97% .97% .98*1 March 1.00% . 1.00% 1.00% May 1.02% 1.02% 1.02% 1.02% LARD— October .... 12 90 12.90 11.80 January .... 12.47 12.40 12.47 12.40 May 12.80 12.75 12.80 12.72 July 12.87 RIBS— January ... 11.80 11.75 11.80 11.75

Local Wagon Wheat

Local grain elevators are paving $1.25 for No. 2 red wheat. Other grades are purchased on their merits.

Ultra Special! Cnrloud Sale V^f. i Guaranteed nr Strletl.v Ist Qnnllty PfdQ O J 30x3V2 TIRES •== Brand New Cords PAYNE’S TIRE SERVICE 317 E. Mich. St. ®S" bi K

Indianapolis Automobile Club Marlon Cos., Inc. 24-Hour Service Free to Members Dues §7-30 Per Year DRKXKL 7770

I Buy and Sell Citizen Gas Cos. Stocks NEWTON TODD 415 Lemcke Bldg.

EXCURSION TO | CINCINNATI *2.75 “T Shelbyville $ .75 Greensburg ... .# 1.25 Batesville .. f .... 1.50 SUNDAY, October 30 Sperlal train of all-ateel equipment will leave Indianapolis 7:00 a. tn., returning leave Cincinnati 8:00 p. in., time same date. For tickets and fnll particulars call at City Ticket Office. 112 Monament Circle, pbone Alain 0330, or Union Station. BIG FOUR ROUTE

Commission Row

PRICE TO RETAILERS FRUITS Apples—Box apples: Jonathans. 3.50; Delicious, $3.75®4.50. Barrel apples: Jonathans. $8.50®8; Grimes. $7. Basket apples (40-lb. basket): Jonathans, s2® 2.75; Grimes. $2.75; W. Banana. $3; Lowells, $2: Delicious. $3.25 @4; cooking apples. $1.75. BanaStas —5® 6c lb. , Berne*—Cranberries. [email protected] one-hall bb Casabas—California. $2 75 crate. Cocoanuts —Jamaica. $6.50 per 100; $2 0<? Grapcfrult—Florida. $5®5.50 crate. Grapes—California Tokays. $1.65 per lug; Michigan Concord. 80c 12 quarts. 35c 4 quarts; Ladyflngers $2.75 25-lb. lug; California seedless, $2.75 lug; California Malogas. $2.25 lug; California Cornlchons, *“Honeydew Melons—California. $2.50 crt. Lemons—California. $9.50011.50 crate. Limes—Jamaica. $3 per 100. Oranges—California. $5.25 0 9.50 crate; Florida, [email protected]. . Peaches—California. *2.75 box. Pears—New York Bartletts. 13 a bu.: California Bartlets. *4.25 box; Florida Avocados. *5 per dozen. Persimmons —Indiana. $3.50 crate. Pomegranates—California. $3.50 crate. Prunes—ltalian. *2 one-half bu. Quinces— Michigan. *3-50 bu. Satsumas —Alabama. $3.2505.50 % bu. VEGETABLES Artichokes—California, $2 per dozen. Asparagus—*B per crate. Bean—Southern. *2.50 per hamper. Beets—H. 0.. *1.25 bu.: 35c dozen. Brussel Sprouts—2sc lb. Cabbage—H. G.. 2®3c lbs.; red cabbage. Jl 'carrotts—H. G.. 35c doz.: bulk. *101.25 bu. Cauliflower—California, $3.25 crate. Celerv >— Michigan, Highball. *1 erate; Michigan. 350 50c bunch; $1.25 flat crate; rough. $3 crate; Michigaa washed. 50c doz Celery Cabbage—sl doz. Cocoanuts—s6.so per 100. Cucumbers—Hothouse. $1.75 doz.; soutb"Eggplant— H. Q.. $1.50 0 2.50 doz. Endive—4oc doz. Garlic —California, 15c lb. Kale—H. G.. 75c bu. Leek—soc bunch. Lettuce—California, head. $3.50 crate, hothouse, leaf, 75c 15 lbs. Mushrooms —$1.50 3 lbs. Onions—Spanish. $2.25®2.50 crate; Indiana or Ohio yellow. $1.2502 cwt.: picking, 75c 10 lbs. Ovsterplant—4oc loz. Parslev-H. G.. 50c per doz. Parsnips—sl.7s bu. Peppers—Fingers. 75c peck; mangoes. $1.25 bu.: ptmlentos. 75c peck. 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 Ohlos. *2.35 15 Rad?shes—H. O. white. 35c; red, 35; hothouse buttons, 75c dozen. Rutabagas— sl.7s per cwt. Shallots—7sc rtoz. Spinach—H. G.. 90c bu. Squash—Hubbard. $3 bbl. , Sweet Potatoes—Red Stars, *3‘ bbl.; Indiana Jerseys. $1.75 bu. Tomatoes -H. G.. 60c 15 lbs.; $1.50 bu. Turnips—H. G.. *1 bu. OYSTERS Standards—s2.4o gal. CIDER Cider—*s.so 14 gal.

In the Sugar Market

(By Thomson Jt McKinnon) NEW YORK. Oct. 28.—Sugar futures continue extremely dull. Traders are discouraged by the continued uncertainty In the Cuban situation. The actual sugar market Is In a similar state of suspense so that one reacts upon the other. The few trades being made Just now are merelv df a routine character to meet special conditions. There was a rumor that a local refiner had obtained a cargo of Cubas at 2 9-32, but It was not confirmed.

In the Cotton Market

(By Thomson <fe McKinnon) NEW YORK. Oct. 28.—From a professional point of view I would say the selling was a little better than the buying Thursday and I star* the day feeling that the reaction will go further. Cotton Is all right but there Is too much talk about what the market Is going to do and too little real buying. John and Herman Higgs, brothers, of 301 W. Morris St., were sentenced to one day in jail by Judge Robert C. Baltzell in Federal Court today when they pleaded guilty to liquor violationi. They had been in jail a month awaiting sentence. Harriett C. IVIc Shane, housekeeper, of 1070 Oliver Ave., today filed a voluntary bankruptcy petition in Federal Court, listing liabilities of $7,578 and pssets of $243.

New htue—Tax Exempt $300,000 Lafayette Joint Stock Land Bank 4Vz% Farm Loan Bonds Price 102: Yielding 4.25% Dated November 1, 1927 Due November 1, 1957 Callable November 1, 1936, or at any interest date thereafter at par. , Interest payable semi-annually May 1 and November 1. Denomination SI,OOO, SSOO The bonds are issued by and are the obligations of the Lahiyette Joint Stock Land Bank, which is chartered under the provisions of the Federal Farm Loan Act to make first mortgage loans on farms in Indiana and Illinois. The capital stock of the Lafayette Joint Stock and Land Bank, amounting to $300,000, is owned with the exception of the directors’ shares, by the Lafayette Loan and Trust Company. The Federal Farm Loan Act provides that bonds of Joint Stock Land Banks are exempt from Federal, State, municipal and loeal taxation. The constitutionality of the Act has been upheld by the Supreme Court of the United States. The bonds are secured by first mortgage farm loans, made by the Land Bank, which have been first approved by the Federal Farm Loan Board, a bureau of the United States Treasury Department, and then deposited with the Federal Registrar. This Dank restricts its loans to the west portion of the north half of Indiana, lending in about twenty counties surrounding the City of Lafayette. A few loans have been made in the eastern part of Illinois. The following facts are taken from the June 30, 1027, statement of conditions of the Lafayette Joint Stock Land bank: Loans $ 8,737,737 Total Appraisement 22,813,665 Acres Mortgaged 160.314 Percentage of Loans to Appraisement 38% Average Loan Per Acre $54.50 # ~ % jfletcher anb Crust Company EVANS WOOLLEN, President H. F. CLIPPINGER HAROLD B. THARP Vice-President * Manager Bond Department

DOUBLE TRUNK MURDER BARED Bodies of IJVomen Are Found Crammed in Trunk. Bu United Press NEW ORLEANS, La., Oct. 28. Enraged by jealousy, Henry Moity, missing Acadian sign painter and former sailor, was believeed by police today to have slashed his wife and his sister-in-law to death with a machet—the sharp, heavy knife which is the weapon and the tool

■H How is the Time for Your Winter Potatoes |—= Potatoes—Apples—Cabbage 2tß.VSr ,^,Mh7u„r urday 230 VIRGINIA AVE. POTATOES , - Another Opportunity to ltuy Tho.e A I Genuine Red River Valley No. 1 Ohlos. ” I Potato, that will keep all winter. Per Bushel, 60 Pounds... A DDT DC GRIMES GOLDEN /\r rLEiO JONATHANS AND OtAhr'vARIETIES $ 1 .50 a $0 P,r "“"also sweet apple cider Cabbage for Kraut 11 / 0 VERY BEST HOLLAND SEED JL I Per Pound. In 50-Pound I.ots _ BRING YOl K SACKS, BARRELS AND BASKETS __ 0 rl Whole.nle and Retail Hamm pos 230 vir^nia Ave - S&mmJ&mmmmmak & 0 Frr | Kht station

'TEMPTING foods, deliciously prepared and appetizingly served as you ride along comfortably and speedily—that is the service UNION TRACTION offers you on the HOOSIERLANDS and Wabash Valley Flyers between Indianapolis and Fort Wayne.

f The HOOSIEHL ANIJS leave Indlnnnpolla { ; ; H | :H* c for Ft. AVnyne vln Miinele ut •7i(>o n. m.. ;Hi • ItOO p. ni. nnd •r.HM) p. m. The Wnhnah \ alley Flyeru - .n I -H; : for Ft. Wayne vln Peru leave Indlnnnpolla nt Otao : 1 rlf ; a. ni.. *11:20 n. in., *l*oo p. m. nnd 7tOO p. m. I; J I Jj I • Trains carry parlor-bnffet cars.

PAGE 29

of the South American. The dismembered, beheaded bodies of the two women were found stuffed into separate trunks in their French Quarter home here. There were signs of a violent struggle. Authorities based their belief that jealousy was the motive upon the statement of Joseph Moity, brother of Henry and husband of one of the slain women, who said both women had been friendly with other men. Meanwhile, a search extending throughout the South and to the ships in the Gulf of Mexico was under way. Five ships in the gulf have reported by radio that no one resembling Henry Moity was aboard. Two other vessels were queried, and were expected to report today.