Indianapolis Times, Volume 39, Number 213, Indianapolis, Marion County, 13 January 1928 — Page 20

PAGE 20

STOCKS OPEN FEATURELESS INJOf YORK Leaders Recover Small Losses After Start in Wall Street.

Average Stock Prices

Average of twenty industrials Thursday was 198.35. up .92. Average of twenty rails was 138.75. off .05. Average of forty bonds was 99.46, up .04. Ru United Press NEW YORK, Jan. 13.—Stocks failed to develop any definite trend in the early dealings today on the stock exchange. Leaders opened with small losses, followed by slight recovery, but mixed movements continued in the general list. U. S. Steel opened off Vs at 147% and then moved up to 14774, while General Motors after an initial sale at 133%, off Vs, rose to 134%. Montgomery Ward was off a full point on the opening, later rising % in the trading to 123%, which was off % from the previous close. N. Y. C. rose Vs to 161 and then fell back to 160 Ts. Oils Strong Some of the oils, particularly Marland were strong. Collins and Aikman rose IVi points to 106 and Packard, selling ex-dividend, gained a point at 58%. Good gains also were made by American Sugar. American International, Allied Chemical and Bethlehem Steel. Describing the market, the Wall Street Journal's financial review said: ‘'Despite the rise in brokerage loans to anew record high as of Jan. 11, stocks maintained a strong tone in the early dealings. The increase of less than $10,000,000 during the last week was regarded as moderate and was offset by the gain in the reserve ratio of both the New York Federal Reserve Bank and the Federal reserve system.” Gains at Noon Good-sized gains took place in various departments toward noon. However, operations for the rise were conducted in restrained fashion with none of the excessses which accompanied the bullish demonstrations over the end of the year. Reinvestment funds continued to flow into the market in steady volume, converging largely on standard rails such as Nickel Plate, New York Central and Canadian Pacific. Collins & Aikman ran up more than 5 points to 109%. As one of the large producers of upholstery for motor cars its prospects have been brightened by the outlook for record auto production this year. They expected to benefit considerably by General Motors’ prosperity.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today W'ere $4,634,000; debits were $7,296,000. CHICAGO STATEMENT B-y United Press CHICAGO. Jan. 13. Bank clearings today were $119,700,000; clearing house balances, $10,000,000. NEW YORK STATEMENT Pi! United Press NEW YORK, Jan. 13.—Bank clearings, $1,234.000 000; clearing house balance, $117,000,000; Federal reserve bank credit balance, $108,000,000. FOREIGN EXCHANGE By United Press NEW YORK. Jan. 13.—Foreign exchange opened irregular. Demand sterling. $4.87%: francs. 3.93 c. off .00%; lira. 5.28%c, off .00Va: Belga, 13.95 c, up .01; marks, 23.81%c, up .01. TREASURY STATEMENT By United Press WASHINGTON, Jan. 13.—The Treasury net balance for Jan. 11 was $195,335,820.16. Customs lecetpts this month to Jan. 11 ■were $13,761,184.32. LIBERTY BONDS By Times Special NEW YORK, Jan. 13.—Liberty third 4%s opened at 100.19. off 1; fourth 4(45. 103.37, off 1; Treasury 4%5, 115.26, off 3; 4s, 110.27, off 2.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Jan. 13.—The most Important thing worthy of mention this morning is that Which did not happen. For several days a good many took great pains in passing word that the rediscount rate was to be advanced. This destructive propaganda is something that you must count on, as we expect to run across it week after week. In some mysterious way word is passed and it doesn’t take long until it gets across the country. My idea on the money subject is that while we all must admit that the loans are very big, at the same time the bigness of it is its own safety. We can’t imagine people in responsible positions doing anything that is calculated to force liquidation. We hate to think of the consequences. We are, therefore, more inclined to the belief that these ractions, such as we have had and what w T e are likely to get, will gradually cure what ills there may be in the market, and at the moment, with money again easy, the recovery that set "in should extend further, but with the same irregularity. OUTLINE LEGION PLAN Committee to Be Named to Form “Emergency” Program. Appointment of a committee to arrange plans for the emergency service program outlined by National Commander E. E. Spafford was asked in a resolution adopted by the American Legion national executive committee today. The plan would provide emergency units in each American Legion post to serve in time of serious disaster An active campaign to obtain the National Legion convention in 1929 for Louisville, Ky., was started by Kentucky legionnaires. The committee was addressed today by Mrs. Irene Walbridge, national auxiliary president, and St. George Pelham Bissell, national “40 and 8” president.

New York Stocks (By Thomson As McKinnon)

-T-Jsn. 13— Railroads— Prev. High. Low. 12:00. Close. Atchison 192 % 192 192% 192% Atl Coast L 185 184% 185 185 B & O 115% ... 115% 116% Can Pacific 211% 210% 211% 210% C & O 201 ... 201 200% C&NW 85% OHI4P 109% 109% 109% 109 Del & Hud 180% Del & Lack ... 135 ... 134% 134% Erie 63% ... 63% 64 Erie Ist pfd 62% Gt Nor pfd 96 ... 96 95% Lehigh Val 1% K C Southern .. 60% ... 60% 60 L* N 152% ... 152% 151% MK & T 39% ... 39% 39% Mo Pac pfd ... 113% ... 113% 113% N Y Centra ; • 161 % 150"a 161 160% NYN H & H.. 62% 62 62% 62% North Pacific.... 96% ... 96% 96 Nor <S % West ••• 187 J / • • 187% 186% Pere Marq .... 127 ... 137 127 !nsy 69% ... 64% 64% Reading ... ini a.. Southern Ry ... “ 144 Southern Pac.. 122 ... iii% 121% St Paul 19% ... 19% ■‘for? itL*U p # ••• ?$,- ••• 35 ’* ■ ft l &IfV.:;: 77 * ••• 77V * S h pac .::::. lB ®’ i Wabash pfd ”** §4,^ Rubbers— }? 12% 12% 12% Goodrich ••••” 91% 90% 90% of’ 4 Goodyear 69 o.v Kell.v Spgfld ... 23% Vi 23% 24 * U S Rubber .... 62% 61% 62% 61% Equipments — Amer Loco P .. ”. 106,i 107 \" MoS*:;:: 3* £ p Llma EleC . 134 133V * 132% N Y Airbrake".'. 45% 'ikn, Pres Stl Car new 26 25% 25 7 * 44 Pullman 3% S21 4 n?r Wsth AB . 52% 23 ??■* Elec 92% §5.; Sl'i 92' 4 Steels—Gulf St Stl 5i% "* ?? ? Inland Stl 51% ms* fi? phu r c & 1.. S8 “ S2“ IM I '.'.'.'.'.'.'." 6 ° 3 * , % Steel 148 i47% 147% 147% Vanadium 62% '62% sa% 61% Motors—chandler-;:::::: 2134 20,4 a???♦i * ???♦ Chrysler 58 '57% '5737 i4 5 ,* Con Mo ! 10% .* 7# Hi* Godge 20% 20* 20% 20% Gabriel 26 26 26 1 * gen Mo 134% 1331/, J®,; J| T , Jt",::::::.: ? 2 *■ !l Mack 102 . 1011/. infi ™’° w C 35% 34% 34% 35% Nash 93% 92% 93'", 92% Packard 59% 58% 59 58 Peerless 18% . is’i lav. Pierce Ar 13% ... 137, issf SfndebV.r 59% 58% 58% 58% Stew War ... 81 T a Jjmken 130% ... i30% 131 Willys-O •18% ... 18% 18% White Mo 38 ... 38 38V, Mining— Am Sm 177% 176% 177% 178% Anaconda 57% 55% 57% 55% Cer De Pas ... 67% 67 67% 67 Chile 42% 41% 42% 41% Green C 143% 140% 143 140 Int Nlc 94% 91% 94% 991% Kennec 84 83 83% 82% Magma 52% 51% 52'% 51 % Tex G & Sul 77% 76% 77 76% U SSm ....... 41 40% 41 41% Oils— At Ref 107% ... 107% 107% Cal Pete 28 % ... 26 26 Preep Tex 106*% 105% 106 107% Houston 150% ... 150'% 148% Indpt, OU 27% 27% 27% 27% Marland C 36% 36% 36% 38% Mid C Pete 29 ... 28% 28% Lago 34% ... 34% 34% Pan-Am P <B).. 44% 44% 44% 44% Pro & Refg ... 25% Phil Pete 42% 42% 42% 42% Union Oil 44% 44% 44% 44% Pure Oil 26% 26% 26% 26% Royal Dutch ... 48% ... 48% 47% Shell 26% ... 26% 26% Sinclair 2074 20 % 20-% 20% Skellv 27% ... 27% 27% S O of Cal 56 ... 56 56 SOof N J 40% 4040 40% SOof N Y 31 Vs ... 31% 31% Texas Cos 54% 54% 54% 54% Trans Pete 9% ... 9% 9% White Eagle .... 23% ... 23% 24 Industrials— Adv Rumely .... 12 12 12 12 Allis Chaim 117% ... 117% 11674 Allied Chem 157 156% 157% 156% Armour (A) 12% 12 12% 11% Amer Can 74% 72% 73% 72% Amer H L 13% ... 13% 1374 Am H L-pfd 64 Am Safety R 56 Amer Woolen ... 21% ... 21% 21% Amer Linseed ... 58 57% 58 58 Coca-Cola 135 133 135 132% Cont Can 81% ... 81% 8174 Cert Prods 59% Dav Chem 4374 ... 4374 43% Dupont 316% ... 316% 316 Famous Players 115% 114% 115% 115 Gen Asphalt 89V* 89% 89% 89 Int C Engr 52% 51% 52 51% Int Paper 70 69% 69% 69 Int Harv 240% May D Stores 83% ... 83% 83% Mont Ward 123% 132% 123% 123% Nat Lead 129 Owen B< ttle .... 78 ... 78 77% Radio 100 Vi 99% 99% 99 % Real Silk 25'4 Rem Rand 34 ... 24 23% Sears-Roeb 8574 85 85'% 85% United Drug .. 197 ... 197 197 Un*v Pipe 25 2474 2474 24% US C I P .... 216 ... 215 211 2,8 It) A! 106% ... 106% 106% Woolworth .... 185% 184’% 18474 184% Utilities— Am T and T ... 179 ... 179 179 Amer Express. 173 ... 173 172 Am W W 59 58 58% 58% Brooklqn Man.. .. ... . 551/Col G and E ... 9174 ... 91% 91% Cons Gas 124 123 12374 122% Interboro 391/* No Am Cos 8074 59-ii 6074 597, Peoples G 185 164 164% 164 Pnila Cos .. ... . 151 St G and E 58% 58% 58% 58 Western Union. 171 ... 171 17? Shipping— Am Int Corp ... 86 84 86 83% Am Sand C ... 4 . 4 4 Int M M pfcl ... 41 $4 ... 4134 41!/ United Fruit ... .. ... ... 4 Fopds— A n ß r Su*f? r *••• 77% •” 771/8 76% Austin Nichols".*.:: ::: *■* I V 2 Beech Nut 73% ... '7314 7414 Calif Pack ..... 75% ... 757? ?i /a Corn Prods 70% 69% 70% 69% Cuba C pfd .... 32Vi 32 S,K Cuba A Bug ... 22% ... 2274 22% Jewel h Tca nn 69% ptou l Aiig “® ,/4 a** j| 1/4 Pobtum ...' 127 12674 127 Ward Bak B ... 29% 29 29 29% Tobaccos— Amer Sumatra Rn Amer Tob 173% 173 1731/, 171 Amer Tob B ... 173■* 172 1727s 171 Cons Cigars Lav Gen Cigars 70% ... '76% 70% UlKgett 118% ... ÜB% I,oa/ 4 Lorfllard 37% 37 ‘ ,2,7 R J Reyntlds .. 158% ... 158% 157& Tob Prod B ... no 109% no 109% u cig Stores .. 32% 32% 32% 33 Schulte R S .... 51 51 51 51%

Local Wagon Wheat

. grain elevators are paying $1 31 Births Harlen and Carrte°<?*op. 544 S. West Thomas and Hilda Fosnight. 106 Wallace Fred and Nellie Mvers, E. Taborf C ' t y A ? h£ and Gladys Wilson, 2204 E. Forand Leona Rodman. 1227 LexlngLeo and Helen Heiny. 1442 E. Eleventh man”* anc l Hie Eastridge, 1140 S. WarEdward and Gertrude Enders, 2623 E Michigan. Bruce and- Ella Dotts, 659 E. TwentySecond. J Harry and Myrtle Hood. 888 Fowler. Steve, and Vlssle George, 935 N Warman. Deaths Albert Combs, 76, 1608 W. Morris, carcinoma. Crawford Thomas, 74, 5008 Broadway chronic myocarditis. 3 Comer Kelley, 37, 974 Burdsal Parkway, tuberculosis. Marv Sansbury, 70, 714 Drake, myocarditis. John W. Perkins, 66. 330 E. Morris, acute cardiac dilatation. Joseph M. Mast, 79, 1403 Lexington, cerebral hemorrhage. Mattie Glass, 66. 756 N. Emerson, acute dilatation of heart. Florence Marsh, 65, 3501 E. Tenth, myocarditis. Margaret Ellen Stringer, 7 days, 2121 Clay, premature birth, Richard Williams, 53. Central Indiana Hospital, general paralysis. James M. Turner. 75, 2017 Langley, cerebral hemorrhage. Charles Jennings, 57, 988 Indiana, acute dilatation of heart.. Esther S. Smith, 80, 48 N. Bradley, chronic myocarditis. Frances Mathews. 67. 823 River, acute interstitial nephritis. Harry S. Romley, 57. 32 S. Bradley, myocarditls.S, Eva o:, Palmer. 28, 25 S. Harris, pulmonary tuberculosis. Y , : . Jij/

HOGS ADVANCE GENERALLY 15 TO JSJENTS Porker Top $8.75; Few Hogs Bring $9; Vealers Off $1 at Yards. —Hog Price Range— Jan. Bulk. Top. Receipts. 6. 8.25® 8.40 8.45 12.500 7. 8.25® 8.60 8.60 3,500 9. 8.50® 8.85 8.85 3,500 10. 8.50# 8.70 8.70 11,500 11. 8.25# 8.60 8.60 10.000 12. 8.25# 8.60 8.60 7.500 13. 8.50@ 8.90 9.00 6.000 Porkers advanced 15 to 25 cents on the hundredweight with low receipts at the Union Stock Yards today, 6,000 fresh animals being in the pens and 464 held over. A part of a load went at $9, but the practical top was $8.90. The Chicago market was fairly active at the opening and traders were bidding around 10 cents higher. The early top was $8.45. Receipts were estimated at 25,000, with 10,000 hold-overs. Calves were off $1 at the local market; sheep and lambs were lower and cattle weak to lower. Hog Price Range Heavy meat material in the 230-350-pound class were 25 to 40 cents, selling at $3.75@9, the practical top being $8.90, however. Material weighing 200-250 pounds was 15 to 20 cents higher at $8.74 @8.90 and middle weights. 160-200 pounds, brought $8.65 @8.75, up 15 to 25 cents. Light animals weighing 130160 pounds were [email protected]. up evenly 25 cents. Pigs, 90-130 pounds, sold at [email protected], 25 to 50 cents higher. Packing sows brought s7@B, up 25 cents. Beef steers were lower in the cattle division, others remaining unchanged. Steers went at slo@l4. Beef cows were s7@lo and low cutter and cutter cows, $5 @6.25. Bulk stock and feeder steers went at $7.50 @9, Receipts were estimated at 600. Tone, Weak to Lower Best vealers sold at sls@ 15.50, dropping sl. Heavy calves were unchanged at $6.50 @lO. About 600 were received. The market in the- sheep and lamb division tended lower, with the top quoted at $12.75. Receipts were low at 300. Bulk fat lambs were $11.50@ 12.50, off 50 cents, and culls were off 50 cents on the lew end of the range, selling at 57 @lO. Fat ewes were unchanged at $1.50 @6.50. —no**— Receipts. 6,000; market higher. 250-350 lbs $8.75# 900 200-250 lbs 8.75# 890 160-200 lbs 8.65® 8.75 130-160 lbs 8.25# 8.50 90-130 lbs 7.50 8.25 Packing sows 7.00® 8.00 -CattleReceipts. 600; market weak to lower. Beef steers $10.00014.00 Beef cows 7.00®10.00 Low cutters and cutter cow s .. 5.00® 6.25 Bulk stocker and feeder steers 7.50® 9.00 —Calves— Receipts, 600; market lower. Best vealers $15.00#15.50 Heavy calves [email protected] —Sheep and Lambs— Receipts. 300; market lower. Top fat lambs ....’ $12.75 Bulk fat lambs 11.50#12.50 Bulk cull lambs 7.00®10.00 Fat ewes 4.50® 6.50

Other Livestock By Timet Special LOUISVILLE, Jan. 13.—Hogs—Receipts, 1.200; market, 10c higher; mediums and heavies, $8.35478.75: pigs and lights, $6.35 4*7.60; throwouts and stags. $5.85476.60. Cattle—Receipts, 200; market, steady. Calves—Receipts. 200; market, steady; good to choice, sl2® 14; medium to good, $9.50 #l2; outs. $9.50 down. Sheep—Receipts. 50. market, steady: top lambs, $124*12.50; seconds, $74*9; sheen. $44*5.50. Thursday’s shipments: Cattle, 86; calves, none; hogs, 164; sheep, none. By United Prcts PITTSBURGH. Jan. 13.—Hogs—Receipts. 1,500: market. 154*25c up; 250-350 lbs., $9,104*9.20; 200-250 lbs.. $9.10®9.20; 160200 lbs.. $9®9.20; 130-160 lbs.. [email protected]: 90-130 lbs., sß@a.2s; packing sows, s74* 7.50. Cattle—Receipts, 20; calves, receipts 100; market steady; calves steady to 50c lower; beef steers. SI 1 ® 14.50; vealers. sl4 @l6. Sheep—Receipts, 1,000; market weak to 25c down; top fat lambs. $13.75; bulk taf lambs, $12.05013.50; bulk cull lambs, $8.50® 10. By United Pret EAST BUFFALO. Jan. 13.—Hogs Receipts, 5.600; holdovers 990; market steadv; 260-350 lbs., [email protected]; 200-250 lbs., $8.75 @9.05; 160-200 lbs.. $8,504*9.10; 130-160 lbs., [email protected]; 90-130 lbs., $7.5008; packing sows, $6,754*7.50. Cattle—Receipts. 100; calves, receipts 900; market setadv; calves steady: low cutter and cutter cow’s. $4.5006.50; vealers. $16016.50. Sheep— Receipts. 5.0C0; market 25c lower; bulk fat lambs, $13.50: bulk cull lambs, $10,50 @l2; bulk fat ewes, ss@7. Bu United Prett CLEVELAND, Jan. 13.—Hogs—Receipts. 2,000; market steadv to 10c up; 250-350 lbs., $8,854*9; 200-250 lbs.. $8.8509; 160200 lbs., $8.7509: 130-160 lbs., $7.7509.10; 90-130 lbs., $7,504*7.65; packing sows, $6.75 @7. Cattle—Receipts, 100. Calves—Receipts, 200: market, steady, slow; beef steers, [email protected]; beef cows. $6,504*9; low cutter and cutter cows, $4,504*6; vealers, sl3® 16.50. Sheep—Receipts, 1,000; market, steady, 25c down; top fat lambs, $13.50; bulk fat lambs. $13,254*13.50; bulk cull lambs, $10.50@12; bulk fat ewes, ss@7. Bn United Press * TOLEDO, Jan. 13.—Hogs—Receipts, 300; market, 10 to 15c up; heavies. $84*8.50; mediums, $8,504*8.75; Yorkers. [email protected]; good pigs, $74*7.50. Cattle—Receipts, 200; market, steady. Calves—Receipts, light; market, steady. Sheep and lambs—Receipts, light; market. 15c lower. B.y United Press EAST ST. LOUIS, Jan. 13.—Hogs Receipts, 11,000: holdovers, 2.789; market 154? 20c up: 250-350 lbs., $8,254*8.60 ; 200-250 lbs., $8.5008.75; 160-200 lbs.. $8,354*8.75; 130-160 lbs., $7.5008.60; 90-130 lbs., $6.50® 8; packing sows, [email protected]. Cattle Receipts, 809; calves, receipts 600: market, steers steady: beef steers. [email protected]; light yearlings and heifers, $84*10.50; beef cows, $74*9; low cutter and cutter cows, $54*6; vealers. sls: heavy calves, $7.50® 10.50: bulk stock and feeder steers, $7.50®9.75. Sheep—Receipts, 500; market, undertone weak: top fat lambs, sl3; bulk fat lambs. $12.75® 13; bulk cull lambs. [email protected]; bulk fat ewes, ss@6. TAX HEARING IS HELD Commissioners Asked to Allow Claims for Refund. Hearing on a petition of William Bosson, attorney, asking county commissioners to allow claims filed for refund of horizontal taxes collected in 1919-20-21, was held this afternoon. The Indiana Taxpayers’ Association is resisting the move. The illegally collected amount to about $6,000,000. The Supreme Court last year held these taxes illegal. Needy Miners Get Aid Bu Times Special CLINTON. Ind., Jan. 13.—Extent of destitution caused by idleness of coal mines in this field is shown in the report of James O’Brien, miners’ commissary treasurer, which lists 520 families with 2,225 dependents* being aided weekly.

THE E\ JjEEn xir ujuib TiELEb

In the Cotton Market

(By 'fhomson & McKinnon) NEW YORK, Jan. 13.—1 t Is a long time since you have seen the average daily spot sales run as high at Liverpool as they are now doing. January our current spot month, is flmly held. There was a big ItQuldatlon of long contracts at 19 cents oer May. All these facts warrant a further advance in price. B{/ United Press NEW YORK. Jan. 13.—Cotton opened lower. January. 19.12, oS .06; March, 19.15, off .03; Mav. 19.19. off .08; July. 18.95. off .09; October. 18.27. off .12.

Indianapolis Stocks

—Jan. 13Bid. Ask. Amer Central Life 500 Amer Cresoting Cos pfd 102% 104% Belt R R Com 67 Va 69 Belt R R pfd 59% ... Cent Ind Poiver Cos pfd 94 97 Cities Service Cos com 54% ... Cities Service Cos pfd 95 Citizens Gas Cos com 56% 57% Citizens Gas Cos pfd 105% 106 Commonwealth Loan Cos pfd... 99% ... Equitable Securities Cos com... 51 Hook Drug com -30 Indiana Hotel com (Clavpooli. .125 Indiana Hotel pid 100 104 Indiana Service Corp pfd 84 Indianapolis Gas com 60 62% Indpls <s Northwestern pfd ... 48 55 Indpls P & L 6%s pfd. $4 103% 105 Indpls P & L 7s 101 102 Vi Indpls Pub Wei Ln Ass'n 4714 ... Indianapolis St Ry pfd 35 38 Indpls water Cos pfd 103% ... Indpls Water Wks Sec Cos 98 Interstate P S pr lien pfd ...103% 105 Interstate P S ..s pfd 86% ... Merchants Pub Until pfd 101 North Ind Pub Service pfd... 100 102 Progress Laundry com 26 Rauh Fertilizer pfd 50 Real Silk Hosiery pfd 85 T H I & E com 1 T H I & E pfd 16 T H Trac and Lt Cos pfd 90 94 Union Trac of Ind com % Union Trac of Ind Ist pfd 1 Union Trac of Ind 2nd pfd % Union Title Cos com 80 Van Camp Pack Cos pfd 10 Van Camp Prod Ist pfd 97 100 Van Camp Prod 2d pfd 100 —Bank Stocks— Aetna Trust and Sav Cos 120 ... Bankers Trust Cos 150 ... Cttv Trust Cos 150 Continental National 121 ... Farmers Trust Cos 246 Fidelity Trust Cos 162 Fletcher American 178 Fletcher Sav and Trust C0...290 Indiana National Bank 264% 266% Indiana Trust Cos 238 255 Livestock Ex Bank 162 Marlon County Bank 216 Merchants Nat Bank 340 Peoples State Bank 250 Security Trust Cos 275 State Savings and Trust 100 Union Trust Company 490 Wash. Bank and Trust Cos. ...164 Bondi Belt R R and Stockyards 4s ... 90% ... Broad Hippie 5s 81 82% Central Indiana Gas 6s 98 Cent Ind Power Cos 6s 103 Chi 8 Bend & N Ind 5s 15 Citizens Gas Cos 5s 1C4% 105% Citizens 8t R R 5s 87 88% Gary 8t Ry 5s 89 91 % Home T&T of Ft. IVayne 6s. 103% ... Indiana Hotel 5s 100 Indiana Northern 2 5 Ind Ry and Lt 5s 96 Ind Service Corp 5s 96 Ind Union Trac 5s 2 Indpls Col & South 6s 98% 101 Indpls Gas Cos 5s 101% 102% Indpls <Sr Martinsville 6s .... 79 Indpls Northern 5s 12% 17% Indpls ds Northwestern 5s ... 79 Indpls Power and Lt Cos 5s ...100% 101 Indpls St Rv 4s 67 68% Indpls Trac and Term 5s 95% 97 Indpls Union Rv 5s 102% ... Indpls Water 5%s 104% 106 Indpls Water Ist 5s 99% ... Indpls Water 4%s 98 ... Indpls Water Wk Sec Cos 65... 102% ... Interstate Pub S 6s 104 ... Interstate Pub S Bs 6%s ....105% ... N Ind Pub Serv Cos 5s 100 T H I & E 5s 80 T H Trac and Light 5s 96% ... Union Trac of Ind 6s II 16 *Ex-dividend. —Liberty Bonds— Liberty Loan Ist 3%s 101.44 101.60 Liberty Loan Ist 4%s 103.24 103.42 Liberty Loan 3d 4%s 100.58 100 68 Liberty Loan 4th 4%s 103.64 103.90 U 8 Treasury 4%s 115.76 115.94 U S Treasury 4s 110.74 110.94 U. S. Treasury 3%s 107 88 108.06 U S Treasury 3 Vis 100.00 100.20 U S Treasury 3%s 102.80 103.00

In the Sugar Market

(By Thomson & McKinnon) NEW YORK. Jan. 13.—As the time for grinding approaches uncertainty Increases In the sugar market, through fear of pressure that might result from a rapid accumulation of sugar in the Interior. Private advices, from Havana report President Machado as uncertain as to whether he should or should not restrict the crop Inasmuch as influential groups are attempting to persuade him not to do so. Although conservative opinion Is that he will decree a 4,000,000 ton crop and a decision of that character is expected today. We think the distant positions should be accumulated on any declines. Bu United Press NEW YORK. Jan. 13.—Sugar opened off 1 to up 1 point. January, 2.68; March. 2.74; May, 2.82; July, 2.90.

Commission Row

PRICE TO RETAILERS FRUITS Apples—Fancy barrel apples: Jonathans $8.50©9; Bellflowers, $7.50; Grimes Golden, $9; R. I. Greenings, $8; Kings. SB. Barrel apples: Grimes Golden, $7.50; Bellflowers $6; Baldwins, $6: Wagners. $5.75©6: Jonathans. $5.50; Wlnesaps. $6. Box apples: Delicious, $4(34.75; Grimes Golden, $2.50# 3.50: Jonathans. $3.25: Btaymens. $3.75. Fancy basket apples (40-lb. baskets); Jonathans. $2.50©2.75; Grimes Golden, $2.75; Delicious. $3.25; Wolf River, $2.50; Senator. $2.50; Kings. $2.75; Northern Spy, $3; Baldwins. $2.50; Rhode Island Greenings. $2.75. Baske; apples: Grimes Golden, $2.50; B grade, $2.25; Staymens. $2.50; B grade, $1.75; Jonathans, $2.50: 20-ounce Pippin, $2.60; York Imperial. $2.25; cooking apples, $2. Bananas—6@Bc lb. Cranberries—sl4 one-half barrel. Grapefruit—Florida. $3.75©5.25. Grapes—California Emperors, $6 keg; California Malogas, $8.50 per keg. Kumquats—Florida. 25c quart. Lemons—California. $6.50©:7.50 crate. Limes—Jamaica, $3 per 100. Oranges—California navels, $4.75®7 crate: Florida, $5.75@6 crate. Pears—Washington Bose. $6 per box; Washington D’Anlous $8 box. Strawberries—Florida. $1.15 quart. Tangerines—Florida. [email protected] a crate. VEGETABLES

Artichokes—California. $2.25 per dozen. Beans—Southern. $3.75 hamper. Beets—sl.2s bu. Brussels sprouts—3oc lb. Cabbage—H. G„ 2(<iVhc lb. Carrots—sl.2s bu. Cauliflower— California. $2.75 crate. Celery—California, $6.50. 8. 9 and 10doz. crate*; Florida. $4 crate. Celery cabbage—sl.so doz. Cucumbers—Hothouse. $2.50 doz. Eggplant—H. G.. $2.50 doz. Endive—sl.2s doz. Kale—s 2 barrel. Leek—soc bunch. Lettuce—Arizona, head, $4.25@5 per crate: hothouse leaf. $2.40 15 lbs. Mushrooms—sl.so. 3 lbs. Onions—Spanish. $2,354*2.75 crate: Indiana white. $2.75 100-lb. bag; Indiana yellow or red, $2.50 cwt. Oysterplant—soc doz. Parsley—6oc doz. bunches. Parsnips—sl.so bu. Peas—California telephone. $9.50 hamper. Peppers—Florida mangoes, $4.50 crate. Potatoes—Michigan white. $3.10 150 lbs.; Minnesota Russets. $2.60 120 lbs.: Minnesota Red River Ohios, $2.40 120 lbs.; Idahos. $2.75 cwt; Texas Triumphs. $3.50 per hamper. Radishes—Hothouse buttons, $1.25 doz. Rutabagas—sl.7s per cwt. Shallots—7s® 85c doz. Spinach—H. G.. [email protected] bu. Sweet Potatoes diums, $2 bu.; Indiana Jerseys, $3 bu.; Nancy Hall, $1.75 hamper. . Tomatoes—Hothouse, $3.50 per 10 lbs.: California, s6@7. 6-basket crate; Cuban, $4 crate. Turnips—H. G.. 85c bu. MISCELLANEOUS Cider—New York. $5. 14-gal. keg: $4.50. 6-gal. case; $4.75 doz. Va-gal. jars. Cocoanuts—s6 per 100. Garlic—lsc per lb. Oysters—Standards. $2.50 gal.; selects. $3 gal. Squash—Hubbard, $4.50 barrel. GRAIN DEALERS ELECT Covington Man Renamed President at Closing Session. Walter Moore, Covington, was reelected president of the Indiana Grain Dealers’ Association, at the closing session of the twenty-seventh annual convention today, at the Board of Trade. E. E. Elliott, Muncie, was reelected vice president, and. Jesse Doaijt, Frankfort, and C. C. Cole, Bluff ton, directors.

GRAIN FUTURES FIRM, HOLD TO UPWARDJREND Wheat Up Nearly Cent De- ' spite Bearish Conditions. Hit United Press CHICAGO, Jan. 13.—The tone in all grains was strong, and large fractional advances were made at today’s session on the Chicago Board of Trade. Late in the day wheat was up nearly 1 cent, despite fundamentally bearish conditions; corn was continuing its steady upward trend, and oats was following the rise. Considerably higher foreign cables, combined wiyi reflected strength from corn's steady rise, sent wheat into an unexpected rally. Trading was light, despite the rise. Corn showed considerable activity, and gained steadily all day. Local professionals caused several temporary dips by profit-taking sales, but the trend was steadily upward. Oats showed considerable strength, aided by the rise in wheat and coni. Provisions advanced slightly. Chicago Grain Table —Jan. 13— WHEAT— Prev. Open High. Low. 12:90 close. March 1.29% 1.29% 1.29% 1.28% Mav 1.31% 1.30 1.31% 129% July 1.27 1.26% 1.26% 1.25% CORN - March 90% .89% .90% .89% May 92% .92 .92% .992% July 94% .93% .93% .93% OATS— March 54% .54% .54% .54% May .55% .53% .55% 55% July 52% .52% .52% .52% RYE— March 1.08% 1.08% 103% 108'% Mav 1.09% i 08% 1.09% 1.08% July 1.04% ... 1.04% l.Ot LARD— January ... 12.00 .... 12.00 11.92 March 12.12 12.10 12.10 12 07 Mav 12.32 12.30 12 25 July 12.50 12.50 12.45 RIBS ~ January 10.90 May 11.35 11.35 11.35 8 1/ Times Bverinl CHICAGO. Jan. 13.—Carlots: Wheat, 10; corn, 77; oats. 48; rye. 1.

Produce Markets

Butter (wholesale price)—No. X, 81# 53c; No. 2. 48# 49c. Butterfat (buying prices'—soc. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off. 30© 33c doz. Cheese (wholesale selling prices, per pound)—American loaf. 35®38c: plmentc loaf. 38©40c; brick -loaf. 35@33c; Swiss Ho. 1. 42®44c: Imported Swiss 62c: Wisconsin flat, mild and sharp. 32<3>34c: prints cream. 38®40c; flat display, 28®30c: Longhorn. 28®29c. New York limberger. 47® 44c. Poultry (buying prices)—Hens. 21©22c: Leghorn hens. 15©16c: spring, heavy. 20 (822 c: Leghorns. 14®15c; staggy young, springs, 14® 15c: roosters. 10©l2c; Leghorn stags. 10®12c: turkeys, young toms. 32c: voung hens. 32c: old toms, 22c; old hens. 22c; ducks. 15© 16c: geess, 13# 14c; young guineas, 50c; old. 35c. Bn United Press CLEVELAND, Jan. 13.—Butter—Extra ln tub lots, 49© 51c; firsts, 45%® 47%c; seconds. 42©44c; packing stock. 30©42c. Eggs Extras, 49c: extra firsts. 46c; firsts 44c; ordinary. 36c; pullet firsts, 29c. Poultry— Heavy fowls 28® 26c; medium. 26© 27c: Leghorns. 20#22c; heavy springers. 28©' 29c; Leghorn springers. 20c; ducks, 23© 25c; geese. 23@25c: old ccoks, 16#17c Potatoes—Round whites, 150-lb. sacks, New York, $3 23® 3.35; Maine. $3.40© 3.50; Ohlos, $3.15; Michigan. $3.20© 3.25: Wisconsin, $3; 120-lb. bags Minnesota. $2 40©2.50; 115-lb. bags Idaho russets. $2.60© 2.75- rurals, 2.40(V?2 50; selected stock, $3.75; 105-!b. bags Colorado Brown Beauties. $3.25©2.50; home-grown. bushel, $1.30: Florida triumphs, $2.75®3 per hamper. ftti United Press CHICAGO, Jan. 13—Butter—Receipts, 8,878; extras, 47c; extra firsts, 45©4Gc; firsts, 41Vafa'3%c; seconds. 33®40%c; standards. 45%c. Eggs—Receipts, 4,484; firsts, 42%©43c; ordinaries, 34®40c; seconds, 28@32c; extras, 35©35%c. CheeseTwins, 27c; young Americas. 2SVic. Poultry —Receipts, 7 cars- fowls, * heavy, 23c; small, 20c; springs, 24c; bucks, heavy. 22c: small, 18c; geese, 17© 18c; roosters. 18Vic; turkeys. 25©28c. Potatoes—Arrivals. 83; on track, 184; In transit. 102: Wisconsin sacked round whites. $1.50© 1.60, fancy a shade higher; Minnesota sacked round whites, russets and Red River Ohlos. $1.40 @1.55, mostly $1.45#1.50; Michigan sacked russets ana rurals, $1.50© 1.60; Idaho sacked russets, Burbanks No. 1. $1.75© 1.90: fancy shade higher; commercial pack. $1.50© 1.65; new potatoes, Florida, bushel crates bliss triumphs No. 1, s2© 2.25. Sweet potatoes—sl@3.

FIGHT ON SHRINE TITLES Seek to Prevent Negroes From Using Insignia of Order. By United Press WASHINGTON, Jan. 13.—Controversy between white and Negro Shriners over the right of the latter to use the characteristic Shrine titles, insignia and costumes, has been brought before the United States Supreme Court. Oral arguments were to be concluded today by Claude Pollard, Dallas, Texas, of the white organization, after which the question will be taken under advisement. MOTION PICTURES

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Circle the show place of Indiana

American Telephone and Telegraph Company BELL SYSTEM 153rd Dividend The regular quarterly dividend of Two Dollars and Twenty-Fiv'j Cents ($2.25) per share will be pain on Monday, January 16. 1928, stockholders of record at tne close <x business on December 20,1927. 'J H. BLAIR-SMITH, Treasurer.

THE CITY IN BRIEF

SATURDAY EVENTS American Legion national executive coinmitee meeting, Legion national headquarters, all day. Sigma Alpha Epsilon luncheon. Chamber of Commerce. Beta Theta Pi luncheon. Board of Trade. E. C. Atkins & Cos. Pioneers twentysecond annual banquet, 6:30 p. m„ Severin, 6:30 p. m. E. C. Atkins & Cos. Ladies’ Ten-Year Service Club banquet, Severin, 6:30 p. m. The American Insurance Union will hold a banquet and installation of officers tonight at Moose Hall, 135 N. Delaware St. Ladies of the First Ward Republican Club will entertain club members and friends at a dinner and euchre party tonight at Comp-4 ton Hall, 2001 Winter Ave. Prizes\ will be awarded winners. The Harris Motor Transportation Company, operating a freight line to Kokomo from Indianapolis todaypetitioned the public service commissioh for authority to sell its equipment and certificate of convenience to D. R. Dixon, also operating a line to Kokomo, for SI,OOO. Martin McDermott, president of M. Cune and Sons Company and secretary and treasurer of Clune Investment Company, was made a director of the Bankers’ Trust Company at the annual election Thursday. All officers and directors were re-elected Plans for the annual Realtors’ Home Show poster contest are being considered by a committee appointed by Emerson W. Chaiile, Indianapolis Real Estate Board president. First prize poster will be used in advertising the show, to be held April 7 to 14 at the Fairgrounds. Committee members are H. L. Richardt. chairman; Cornelius “Holloway and George W. Klein. L Louis Howland, editor of the Indianapolis News, has been named to a committee conducting a Na-tion-wide campaign for funds to complete the Washington (D. C.) Cathedral. ASKS LICENSE ARRESTS City Controller Says Business Men Are Slow This Year. City Controller Sterling R. Holt today asked police to enforce the license laws. All businesses requiring licenses should have them by Jan. 21, Holt said. There are 1,900 dog owners in the city who have not obtained city dog lisenses. Holt said.

MOTION MCTURES (INDIANA

Bellamy A DELIGHTFUL RO .lANCE O F E.USINESS AND STOCKINGS. MAURICE NEWS—NOVELTY

’MAN CRAZY "®k'MARCHIN' ON * Charlie Davis St^geßand

fe Week ai ike C I RCLE

LON CHANEY “London c4fter eMtdntght" Baffling, Chilling Mystery Overture—" DESSA vs. EDDIE” DOROTHY JOHNSON ' VITAPHONE •* NOVELTY ' NEWS

COMING TOMORROW LEWIS STONE MARIA CORDA “The Private USe of HELEN of TROY” The wisest wise-cracking comedy Overture, “ MIGNON” AL and JACK RAND ED RESENER, conducting Those Dancing Parsons Ruth Rainier Neoslcr, harpist Vitaphone—News

LILLIAN GISHJ wi,* NORMAN KERRY || ■CONNIE A band S I Hfl witm Jimmy Hattqn splotst jm ■LAST TIMES SAU.Y O'NEIL H TODAY OWE* MUOftE >W I

LAST TIMES TODAY JOHN GILBERT IN “ST. ELMO” fd/im/m STARTING TOMORROW MARION DAVIES AND CONRAD NAGEL In Sir James Barrie’s “QUALITY STREET” MACK SEXSETT’S COMEDY SPECIAL “THE GIRL FROM EVERYWHERE” With Daphne Pollard, Mack Swain and the Sennett Girls /

SEYEN YOUTHS ARE HELD FOR GRANJHURGRS All Accused of Crimes Carrying Long Terms in Prison. Seven youths between the ages of 18 and 22 were bbund over to the Marion County grand jury after arraignment in municipal court today on crimes carrying long prison sentences. In all .but one instance automobiles were involved, being either stolen or used to commit the felony. Most were captured by citizens in shooting affrays. Robert Cline, 20, of 2442 Daisy St.; t John Schelling, 18, of 1006 Cornell Ave., and James Dicke, 22, of 813 S. Missouri St., all face auto banditry and robbery charges growing out of the attempted hold-up of the Butter Crust Pie Company, 3510 Madison Ave., on the night of Dec. 23. Charles Manges, 21, of 445 Sanders St., and George Adams of 245 E. Minnesota St., were shot during the rqbbery by Walter J. Slate, 42, of 2901 Central Ave. They are still in the hospital. Arrest of the others followed capture of the two wounded. Oliver Lowden. 22, of 13 E. Adler St., faces auto banditry and robbery charges for attempted hold-up of a filling station at Troy and Madison Aves. Donald Davis, 18, was shot by the attendant, Earl Smith, and is still in the hospital. Lowden was said to be an accomplice of Davis. Lawrence Long, 19, Negro, 725 Hadley St., faces burglary charges. He was shot and captured by Earl L. Adams when robbing the Adams grocery at 411 Bright St., on the night of Dec. 18. Carl Weincke, 21, of 412 Spring St., is held for stealing the automobile of Luther Purdue of 335 Leeds Ave., Thursday afternoon. He returned from serving 180 days on the Indiana State farm Saturday. Willis Vinson, 22, Negro, 1137 N Tremont St., is held for car from the Ike Wolf Automobile Company. Ex-Aid to Lincoln Dies Ey United Press PASADENA, Cal.. Jan. 13.—Robert Safford Ewing, 87, once secretary to President Abraham Lincoln, died here Thursday.

PUBLIX. PRESENTS RAINBOWS CHARLIE DAVIS STAOE BAND PALL MALL LYNDOM and FARNUM FREDDIE and EDDIE STAGED BY BORIS PETROFF

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LINDY’S KIN STUDIES Cousin of Aviator Attends Aucttasi School at Decatur, Ind. By Times Special DECATUR, Ind., Jan. 13.—E. C. Burkhardt, Mazon, 111., a cousin of Col. Charles A. Lindbergh, noted aviator, is a student here in an auction school. Mothers of the two men are sisters. His relationship to Lindbergh was not revealed by Burkhardt, but “leaked out” among fellow students. Train Kills Section Hand Bet United Press GOSHEN, Ind., Jan. 13.—^William Alexander, 56, Goshen, employed as a section hand by the New York Central Railroad, was killed Thursday, when he was struck by a fast passenger train. Death Notices BEATTIE, ARTHUR B.—Died Wednesday. Jan. 11. Funeral at the home of his sister, Mrs. D. Branch. 1815 Southeastern Ave.. Saturday morning, Jan. 14, at 8:30 o’clock. Services at Holy Cross Church, 9 a. m. Friends Invited Funeral Directors W7T7 BLASENGYM Main office, 2226 Shelby St. Drexel 2570. KRIEOER, WM. E. '~ FUNERAL DIRECTOR. 1402 N. Illinois St. Main 1154. Res.. Bel. 5866-R ) George Grinstemer Funeral director. 522 E. Market Main 0808 J. c. WILSON: funeral parlors, ambulance service and modern automotive eoulprrent. Dr 0321 and Dr 0322 BERT S. GADD. 3130 PROSPECT ST DREXEL 5307 UNDERTAKERS. HISEY & TITUS 071 N n)avare LI- 3828 Lost and Found ARTICLES found on Indianapolis street cars yesterday 1 PURSE Main 2737 HOUND —FemaleT black and white, tyn markings, collar, name plate and short chain. Name Patsy. Reward. 11. ZINK, 2127 N. Illinois. Ta. 4994. PACKAGE—BowIing club paper® on N. East or Park. Reward. LI. 2321. POLICE DOG—Silver gray, 4 months old. lost neighborhood of Arsenal and Market. Reward. Lin. 6792. POLICE DOG—Male, full grown, tan and black markings white scar on end of nose, new brass mounted harness. Liberal reward for dog or information. LI. 3070. ~ AMUSEMENTS

English’s Mow | TWICE BAilY~27i 5-8:15 | Engagement Extended 4Sr SUNDAY NIGHT ENGAGEMENT ENDS WED., Jan. 18 Positively your last chance in Indianapolis this or next year to see tills picture of pictures. PATHE PRESENTB

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COMPANY'S OWN TOURING SYMPHONY ORCHESTRA OF 80 TVorld’a Greatest All-Star Cast. Seats Selling for All Performances. Ni-rhts 50c, 75c, sl.lO, f1.65 Matinees 50c, 75c, §l.lO

Thurs.-FVi.-Sat. /SX „'*• la-'a-si f ipyfo. v Matinee Saturday ,^'wi >*33? MOST .< ©y: t: M ■ pSIW^SHUBSM f H yi Musical i*otv a . i o? ms yeao. Mirremm cast AND CHORUS / OR t; aNO YOUTH I Prices NHe, *l.lO to $3.30 | Mats., 50c to $3.75 Seats Rtndy Monday I

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The Greatest Show' in Town NOW PLAYING BILLY HOUSE & CO. ASHLEY PAIGE RUBIO SISTFRS MARCUS SIS. & CARLTON BROS. OLIVE OLSEN VERA REYNOLDS IN “ALMOST HUMAN” NEW PRICES—NEW POLICY CONTINUOUS—I TO 11

sr - Jir/Yvg BEN BARTON and His Orchestra FLORETTY TRIO GILROY, COLE & HAINES DOTSON DIANA BONNAR NOLAN, LEARY COMPANY EXTRA ADDED FEATURE ROGERS AND DONNELLY Presenting “THE COUNT” Daily Pipe Organ Recital by Ruth Nollcr, starts 12:40 Noon, WFBSt Broadcasting. Doors open 12:30 o'clock.

■ ■ II M ■ V TONITE MURAT Return by Popular Demand anS i] lIIII] LI | g fi||i

SAME GREAT COMPANY Seats Now Selling Prices mT,”"'" 50c to sl.lO

i—MUTUAL— —| BURLESQUE THEATRE Red Hot Norma Noel WITH The Girls of the U. S. A. AND , GEO. CARROL A Shimming Shaking Chorus