Indianapolis Times, Volume 39, Number 217, Indianapolis, Marion County, 18 January 1928 — Page 12

PAGE 12

TRADING QUIET; PRICES IN LIST ARE IRREGULAR Steel Fractionally Higher; General Motors Sells Little Off.

Average Stock Prices

Average of twenty Industrials Tuesday was 195.35. off .06. Averaqp of twenty rails was 137.96, up .38. Average of forty bonds was 99.31, off .06. £,u United Press NEW YORK, -Jan. 18.—Prices moved irregularly in early dealings on the stock market. Trading continued on a quiet scale with tickers stopping occasionally and unusual occurrence so far this year. Leading issues moved slowly. United States Steel firmed up 14 to 144%, while General Motos sold off !4 to 131% and General Electric held firm at 131%, up ■%. Even the volatile Greene Cananea Was holding to a narrow rut around 137, off U. Northern Pacific was the biggest gainer in the rail section, rising a point to 95% in light turnover. Rails in general were disregarding the decrease shown in the weekly car loadings report. Describing the market, the Wall Street Journal's financial review today said: “Trading in the early dealings maintained the sluggish characteristics of Tuesday’s trading. Volume continued at the lowest levels for six months and price changes were narrow'.” Bearish professionals launched a drive on the high-grade rails around noon. New York Central, C. & 0., Canadian Pacific and Atchison were all forced down on the belief that they nursed many stale long accounts w'hich had growm impatient over the lagging tendencies of the carrier group. It was evident that some stop lose orders were caught by this attack which renewed the unsettlement in the W'hole market.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were *4,394,000. Debits were $8,470,000. FOREIGN EXCHANGE JRll United Press NEW YORK, Jan. 18.—Foreign exchange opened steady. Demand sterling. $4.87 3-16; francs, 3.92%c; lira, 5.28%c, up ,0014 c; marks, 23.81 c; belga, 13.94 c, up .01c. TREASURY STATEMENT L\u United Press WASHINGTON, Jan. 18.—The Treasury net balance for Jan. 16 was $159,625,116.45. Customs receipts this month to Jan. 16 were $21,169,386.66. LIBERTY BONDS By United'■ Press NEW YORK. Jan. 18.—Liberty 3d 44s opened at 100.19, unchanged; 4th 4145, 103.26, off 1.

In the Stock Market

(By Thomson & McKinnon* NEW YORK, Jan. 18.—“I suppose that if it were not for the tremendous speculation that we have witnessed in the market for so long a time, and the daily discussion of banks, loans, reserve banks and rediscount rates, most of us would be inclined to take a very friendly view of the stock market, even with the rather diminished yields of high grade stocks, because we have a better business outlook before us and I wouldn't be at all surprised, but that this view will be emphasized by the steel trade reviews to be published today. However, any bulge that will follow favorable trade news should be utilized by longs for reducing their lines because there can be no doubt that a general reduction of commitments is highly desirable and sooner or later must follow. An increasing short interest may be counted upon to give us the twosided market that we need.”

Produce Markets

Butter (wholesale price) No. 1, 50® ■2c; No. 2, 48®49c. Butterfat (buy '.ns prices)—49@soc. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off, 36@38c doz. Cheese (wholesale selling prices, per pound)—American loaf, 35®38c; pimento loaf, 38@40c; brick loaf. 35@38c; Swiss No. 1, 42*® 44c: imported Swiss. 62c: Wisconsin flat, mild and sharp, 32@34c; prints cream, 38@40c; flat display. 28@30c; Longhorn, 28®29c; New York limberger. 42® 44 Poultry (buying prices)—Hens. 21@22c: Leghorn hens. 15®16c: springs. No. 1. soft meated, 20 ©22c; Leghorns, 14@15c; stagey voung springs, 14@16c; roosters, 10®i2c; Leghorn stags, 10®15c: turkeys, young toms. 32c; young hens, 32c: old toms, 23c, old hens, 22c; ducks. 15©>17c; geese, 13® 14c; young guineas, 50c; old, 35c. £.y United Press CLEVELAND. Jan. 18.—Butter—Extra in tub lots. 48'.2(ti 50V2C; firsts, 44 l i@46>,2C; seconds, 4l>/H(43 1 /. ! c: packing stock, 30® 42c. Eggs—Extras, 50c; extra firsts. 47c; firsts. 45c: ordinary, 37c; pullet firsts, 30c. Poultry—Heavy fowls, 27@28c; medium, 25©>26c: Leghorns. 19@21c; heavy springers. 27@28c; Leghorn springers, 20®22c; ducks, 22©24c: geese, 18@20c; old cocks, 16®17c. Potatoes—Round whites, 150-lb. sacks. New York, $3.15; Maine. $3.25® 3.35; Ohio, $2.85423; Michigan. $3©'3.15: Wisconsin, $2.85@3; 120-lb. bags Idaho rurals, $2.50; 110-lb. sacks, bakers, $3.50. By United Press CHICAGO. Jan. 18.—Butter Receipts, 4.784: extras, 45VaC; extra firsts, 44® 44 tic: firsts. 40'2@42VaC; seconds, 33® 40c; standards. 44 Vac. Eggs—Receipts, 5,359; firsts, 42@42‘/ac: ordinaries, 35®40c; seconds, 28© 32c; extras, 35'/2©36c. Cheese •—Twins, 26VaC; Young Americas, 27440. Poultry—Receipts. 4 cars; fowls, heavy, 23'/ac; small, 20c; springs, 26c; ducks, heavy, 23c: small, 18c: geese, 17@18c; roosters, 18c; turkeys, 25@28c. Potatoes— Arrivals, 83: track, 237; in transit, 714; Wisconsin sacked round whites. $1.45® 1.60; Minnesota sacked round whites. Red River Ohlos and Russets, $1.40®1.50; Idaho sacked Russet Burbanks, $1.70®1.90; partly graded. $1.50®T.60; new potatoes. Florida, bushel crates and hampers. Bliss Triumphs, $2. Sweet potatoes—sl@3. 2?j/ United Press NEW YORK. Jan. 18.—Flour-Quiet and firm. Pork—Firm; mess. $33. Lard Steady; midwest spot. $12.40® 12.50. Sugar —Raw. dull; spot 96 test, delivered duty paid, $4.46c: refined, dull: granulated, 5.80 c. Coffee —Rio No. 7 on spot, 15c; Santos No. 4. 22®22'-c. Tallow—Dull: special to extra. B%@9c. Hay—Easy; No. 1. $1.05® 1.10; No. 3. 80©90c:- clover. 70c® 1 $1.05. Dressed poultry—Quiet; turkeys, 25 ®3Bc: chickens. 18®37c: capons. 30® 46c: fowls. 17@31e: ducks, 18©22c; ducks. Long Islands. 22©26c. Live poultry—lrregular; feese, i4®3lc; ducks. 16@33c; fowls. 23®’ sc; turkeys. 25©40c: roosters. 18c; chickens, 22©30c; capons. 35®40c; broilers, 35®42c. Cheese—Steady; state whole milk, fancy to specials, 29®28Vic; young Americans, 29©29’ic. Potatoes—Long Islands, $2®4.25: Jersey basket. 75c® $1: southern basket, $1#2.75: Maine. [email protected]; Bermuda, ss® 12. Sweets —Jersey basket, 50c @52.25; southern basket, [email protected]. Edgar H. Evans, president of the Acme-Evans Company, was reelected president of the Y. M. C. A. at the annual dinner of the board of directors, Tuesday night. Other officers re-elected: T. B. Lacock, and P. O. Ducan, vice presidents, and H. C. Atkins, treasurer. J. F. Habbe was named recording secretary, succeeding Dwight 6. Ritter.

New York Stocks . (By Thomson & McKinnon) ———

—Jan. 18 — Prev. Railroads— High. Low. 12:00. close. Atchison 19114 ... 18914 190% At Coast L 1841a ... 18414 185 B & 0 115 Can Pacific 20814 ... 20414 20714 C & 0 199 19714 198 200 C & N W 84% ... 84 85 C. R & P 110% ... 1094 11014 Del & Hud 18012 ... 17914 180% Del & Lack 13414 Erie 62% ... 6014 62 Erie Ist pfd 6114 ... 6114 6114 Gt, No pfd 96 9514 95% 9514 Lehigh Val 9514 9414 95 95 K C South 60% ... 6014 5914 L & N 150% ... 150% 150 M K & T 39 % 39 39 38% Mo Pac pfd ....113% 112 112 113 N Y Cen 160% ... 158% 161 NY. NH & H... 61% ... 59% 60% No Pacific 9514 ... 9414 9414 Nor Sc W 18514 ... 185 186 Pere Marq 126 Pennsy 65 64% 6414 64% Reading 102 ... 100% 10214 Southern Rv ....142% ... 142% 143 Southern Pac ..12115 ... 12114 121 St Paul 18 ... 1714 18 St Paul pfd 3414 ... 3314 34% St L & S IV 7614 ... 75 76% St L & S F....11414 ... 11314 114 Union Pacific ..189 ... 188% 190 l Wabash 65% ... 65 65 Wabash pfd 95 Rubbers— Ajax 12% 12% 12% 12% Fisk 16% ... 1614 1614 Goodrich 89% 89% 89% 89% Goodyear 67% ... 66% 6714 Kelly-Spg 24 2314 24 24 U S Rubber .... 59 58% 58% 5914 Equipments— Am Car &Fd 106% ... 106% 106% Am Loco 109% ... 109% 110% Am Steel Fd 66% 65% 65% 66 Bald Loco „ 250 Gen Elec 132',4 131% 131% 13114 Lima 59 ... 69 59 N Y Airbrake .. 44 ... 44 44 Pres Steel Car 2514 Pullman 82% ... 8214 82% Westh A B .... 50% 50% 5014 51 Westh Elec 9114 90% 91 9014 Steels— Bethlehem 56% ... 55% 56 Colo Fuel 77% ... 76% 77 Crucible 8614 86% 8614 87 Gulf St Stl 51 ... 51 51% Inland Steel .... 59 ... 58% 59 P R C Sc I 38 37*4 38 38 Rep Stl 59 ... 59 59 Sloss Sheff 121 U S Steel 145% 144 144% 144% Alloy 30 ... 29% 2914 Vanadium 61% ... 6114 61% Motors— Amer Bosch .... 20% ... 20% 21 Chandler 16% Chrysler 56% 55% 55% 56 Con Motor 10% 10% 10% 10% Dodge 19% 19% 19% 20 Gabriel 25% 25% 25% 2514 Gen Motors ... 132% 131 131% 132 Hudson 78% 77% 77% 77% Hupp 33% 32 32% 33 Jordan 9% ... 9% 9% Mack 101% 100% 101 100% Yellow C 34% ... 33% 33% Moon 6% . . 614 6% Nash 91% 91% 91% 91 Packard 58 ... 57% 57% Peerless 17% ... 17% 17% Pierce Arrow.... 12% ... 12% 12% Studebaker 57% ... 57% 57% Stew Warn 80% 80% 89% 80% Timken 129% ... 128% 128% Willys Over .... 1814 ... 1814 18% White Motor 371; Mining— * Amer Smeltg... 174 ... 174 174% Anaconda 55 5414 5414 54% Cer De Pas 67% ... 67% 66% Chile 40% ... <O% 40% Green C 138% 13414 134% 137% Int Nickel 92 91% 92 92 Kennecott 81% 81% 81*4 81% Magma 50% ... 50% 50% Tex G and S .. 76% 74% 76 74% U S Smelting... 41% 4014 40% 41 Oils— At Ref 108% .. 10614 107% Cal Pete 25 % 25% 25% 2514 Freeport Texas 1041* 102% 10214 102% Houston 147 145% 146 146% Indpt Oil 27% ... 27 26% Marland C 37% 3714 3714 37% Mid C Pete 28% ... 28% 29 Lago 84% ... 34 34% Pan-Am Pete 8.. 43% ... 4214 43 Pro & Refg .... 24% ... 34% 25 Phil Pete 42% ... 41% 42% Union Oil 1.. . 44U Pure Oil 2614 ... 26 26% R'.V'l Dutch .... 45% ... 45% 46% Shell 26 ... 26 26% Sinclair 20% 20% 20% 20% Skelly 28 S O of Cal ... 55% ... 55% 56 SOof N J 39% ... 39% 39% SOof N Y ... 30% 3014 30% 30% Texas Cos 54% ... 54% 54% Trans Pete 914 ... 9 9 Whi Eagle 22 ... 32 22 Industrials— Adv Rumly nu Allis Chaim 117% 117 117% 11514 Allied Chem ....155% 154 154% 154 Armour A 11% ... 11% 11% Amn Can 72 7114 7114 72 Am H-L 13% Am H-L pfd • 6214 Am Safety R 57 Am Wool 23 ... 23 2314 Am Linseed ... 6014 ... 60 61 Coco Cola 136% 135% 136% 135% Cont Can Bi% Cert Prods 58% Dav Chem 42% ... 42% 42% Dupont 314 ... 314 314% Famous PI 1127a 111% 112% 112% Gen Asphlt .... 90 89% 90 90% Int C Engr 51% 51 51% 51' Int Paper 68% 67*4 68% 67% Int Harv 234% 234 23414 234 May D Sta 82% Mont Ward ....121 ... 119% 119% Nat Lead 126 ... 126 127 Owen Bot 77 Radio 99% 97% 98% 98*4 Real Silk 26 25% 26 25% Rem Rand .... 2314 ... 23% 23% Sears-Roeb 83 82% 82% 82% United Drug 194% Univ Pipe 24% ... 24% 24 U S C t P 217 ... 217 219% U S In A1 104 103% 103 74 1 04% Woolworth 182 180 180 180% Utilities— Am T & T 178% 178% 17874 178% Am Express ....172% ... 172% 173 Am W W 58% 5674 58% 57% Brklyn Man 54% ... 54% 54% Col Oas &El 91% ... 91 91% Cons Gas 122% 12114 122 121 Interboro 30% 30% 30% 30% No Amer C 0.... 61% ... 60*4 60% Peoples Gas 163 161% 163 161% Phila Cos 151'

Indianapolis Stocks

—Jan. 18— _ . , Bid. Ask. Amer Central Life ...500 Amer Cresotlng Cos pfd 102 Va 104 Vi Belt R R Com 6744 69 Belt R R pfd 60 ... Cent Ind Power Cos pfd 94‘4 96 Cities Service Cos com 54 Vi ... Cities Service Cos pfd 94V4 ... Citizens Gas Cos com 56Vi 57'/a Citizens Gas Cos pfd 10544 106 Commonwealth Loan Cos pfd... 99V1 ... Equitable Securities Cos com... 51 ... Hook Drug com 30 ... Indiana Hotel com (C1ayp001)..125 Indiana Hotel pfd 100 103V4 Indiana Service Corp pfd 85 Indianapolis Gas com 60 62 Vi Indpls Northwestern pfd ... 48 55 Indpls P & L 6'/is pfd 104 105 Indpls P & L 7s 101 102 Vi Indpls Pub Wei Ln Ass'n 47'/a ... Indianapolis St Ry pfd 35 38 Indpls Water Cos pfd 103 Vi ... Indpls Water Wks Sec Cos 98 Interstate P S pr lien pfd 104 106 Interstate P S 6s pfd 86V4 ... Merchants Pub Until pfd 101 North Ind Pub Service pfd...100 102V4 Progress Laundry com 26 Rauh Fertilizer pfd 60 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 Union JTrac of Ind com V 4 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 97Vi 100 Van Camp Prod 2d pfd 100 —Bank Stocks— Aetna Trust and Sav Cos 120 Bankers Trust Cos 150 City Trust Cos 140 ... Continental National 121 ... Farmers Trust Cos 246 Fidelity Trust Cos 168 ... Fletcher American 179 ... Fletcher Sav and Trust Cos 295 Indiana National Bank 264 .26614 Indiana Trust Cos 240 255 Livestock Ex Bank 162 Marlon County Bank 216 Merchants Nat Bank 340 Peoples State Bank 255 Security Trust Cos 285 State Savings and Trust 100 Union Trust Company 496 ... Wash. Bank and Trust Cos. ...162 ... Bonds Belt R R and Stockyards 4s .. 91 Broad Ripple 5s 81 82Vi Central Indiana Gas 6s 98 Cent Ind Power Cos 6s 103 Cht S Bend & N Ind 5s 15 Citizens Gas Cos 5s 10444 107 Citizens St R R 5s 87'4 89 Gary St Ry 5s 90 91 <4 Home T &T of Ft. Wayne 65.103V4 ... Indiana Hotel 5s 100 Indiana Northern 2 5 Ind Ry and Lt 5s 97 Ind Service 'Corp 5s 97 Ind Union Trac 5s 2 Indpls Col & South 6s 98'4 101 Indpls Gas Cos 5s 101V4 10244 Indpls & Martinsville 6s .... 79 Indpls Northern 5s 1244 17 Indpls & Northwestern 5s ... 79 Indpls Power and Lt Cos 55.,..100'4 101 Indpls St Ry 4s 6644 6744 Indpls Trac and Terra 5s 96 97'4 Indpls Union Ry 5s 102V4 ... Indpls Water s<4s 104V4 106 Indpls Water Ist 5s 99>/ ... Indpls Water 4tps 98 Indpls Water wit Sec Cos 65... 102 Y* ... Interstate Pub S 6s 104 Interstate Pub S Bs B'4s ....105V4 ... N Ind Pub Serv Cos 5s 100 T H I & E 5s 85 T H Trac and Light 5s 96V4 Union Trac of Ind 6s 11 15 *Ex-dlvldend. —Liberty Bonds— Liberty Loan Ist 3V4s 100.40 101.60 Liberty Loan Ist 4V,s 103.20 103.36 Liberty Loan 3ds 4’is> 100.60 100.70 Liberty Loan 4th 4V4s 103.80 104.04 U S Treasury 414s 115.50 116.70 U S Treasury 4s- 110.50 111.70 U S Treasury 344s 100.00 100.20 U S Treasury 344s ........ 102.62 102.80 —Sales—--20 Shares Equitable Sec. com 51

S Oas &El 5974 69 59% 59 West Union 169 ... 169 169 Shipping— Am In Corn 86 84*4 84% 85% Am S & C 4 ... 4 4% Atlantic 0 41% In M M pfd .... 44% 43% 43% 44 United Fruit 138% Foods— Am Sugar 75 ... 75 75% A B Sugar 16% Austin N 5% Beech N 72 Calif Pkg 75% Corn Prods .... 68 67% 67% 67% Cuba Cpfd 31% ... 31% 31 Cuba A Sugar.... 22% ... 22% 22% Fleischmann ... 69% ... 69 69% Jewel Tea 80%.. . 80% 80 Nat Bisfiuit ....165 164% 165 164*, Punta Ale 32% Postum 12474 ... 124% 125 W Bk (B) 37% Tobaccos— Am Suma 60% ... 60% 60*, Am Tob 165 ... 165 168 Am T IB) 165 165% 166 168 Cons Cigars .... 81% ... 81% 82 Gen Cigars 68* ... 67% 68% Liggett 188% 118% 11874 118% Lorillard 37% 36% 36% 37% R J Rey 157 Tob P 181 108% ... 108% 108% U Cler Stores 32% Schulte R S .... 51% 51% 51*4 61

In the Sugar Market

(By Thomson & McKinnon) NEW YORK. Jan. 18.—The sugar Blanket continues to mark time awaiting definite official news from Cuba as to the restrictive measures on the new crop. Hope has practically been abandoned that agreement can be reached with German beet growers. These factors have had a restraining influence on the trade, although buyers appear willing to take substantial qualities of spot sugars at 2 11-16 cents. The demand for refined continues as satisfactory, no doubt the result of milder weather. The advantage still rests with the buyer of futures, in our opinion, and the slightest encouraging sign toward keeping production within bounds, should result in a slowly advancing market. liil United Press NEW YORK. Jan. 18.—Sugar futures opened 1 to 2 points lower. January. 2.62March, 2 66c; May, 2.73; July. 2.82 c; September, 2 89c; December. 2.94 c.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK, Jan. 18.—We think the market is due to go still lower. So much liquidation Tuesday the trade buying went unnoticed, but it was there in a big way Mills must have taken at least 100,000 contracts. The technical position is all right, but we are in for news about labor troubles and dull spot markets In the South. By United Press NEW YORK, Jan. 18.—Cotton futures opened higher. January. 18.61. up .1March. 52 ® 3 - u e & May. 18.72, up .3; July, 18.52, up .2; October, 17.98. December. 17.94. up .2.

Gone, but Not Forgotten

Automobiles reported stolen to police belong to: J. A. Thomas, 937 W. TwentyEighth St., Hupmobile. 511-247, from Indiana Ave. and Missouri St. Maudie Owens, 2835 Cornell Ave., Ford, 587-833, from in front of that address. C. P. Munsey, 327 S. Walcott St., Chevrolet. 506-466, from 434 N. Capitol Ave. Rupert J. Combs, 639 E. Market St., Ford, from rear of that address. Richard Hugley, 3720 N. Pennsylvania St., Ford, 582-883. from Seventeenth and Northwestern Ave. F. C. Osborn, 3354 Guilford Ave., Chevrolet, 511-568, from 201 N. West St. A. F. McClain, 1832 New St., Essex, 581-643, from North and Noble Sts. William Sturdevant, Tipton, Ind., Ford, 600-753, from Vermont and West Sts. Indiana Farm Bureau, 16 N. Senate Ave., Chevrolet, 512-443, from Capitol Ave. and Washington St. Paul Krause, 1903 Thallman Ave., Ford, from in front of that address. Coppock Brothers, 147 N. Meridian St., Chevrolet, 17-902, from Vermont and Pennsylvania St. Herman Sands, 2110 College Ave., Ford, 16-891, from Meridian and New York Sts. Albert L. Rust, 931 Eastern Ave., Chevrolet, 582-319, from Capitol Ave. and Washington St. Mrs. George Spindler, 4011 N. Meridian St., Stutz, from Sixteenth and Meridian Sts.

BACK HOME AGAIN

Automobiles reported found by police belong to: T. J. Stoaw, 1395 Hoefgen St., Chevrolet, at Delaware and South Sts. Charles Talbert. 217 Hiawatha St., Studebaker, at 423 N. Capitol Ave. Chevrolet sedan, license 19-112, at 1250 S. West St. Owen J. Bush, 207 N. Walcott St., Marmon, at 210 S. Arsenal Ave. Births Boys Charles and Jennie Lynn, 439 Madison Ave. John and Mary Mock, 421 W. FortyFirst. 1 Louis and Elizabeth Heck, 3420 N. Denny. Robert and Pauline Hughes, 2001 Hillside Ave. Harley end Jessie Smoot, 913 Pershing. Rollia and Bell Lasley, 1144 Madeira. Howard and Ima Sparks, 654 Exeter. Girls Judson and Willie Lewis, 1745 E. Forty. Sixth. Ralph nad Marie Harover, 2925 BetheV Ave. Herbert and Esther Hurt. 27 Schiller. Ross and Eunice Fitzpatrick, 6417 Bellefontalne. CUffton and Janie Majors, 744 Hadley. Deaths Cora Lee Corder, 1 month, 767 W. Twen-ty-Sixth, accidental. William Harbaugh, 52, 828 Bradshaw, acute toxemia. Elijah Froinan. 35, 712 N. Senate, pulmonary tuberculosis. Mary Nation. 36, Methodist Hospital, chronic nephritis. Josephine Zimmerman, 74, 118 N. Temple, apoplexy. William Wire, 46, Methodist Hospital, accidental. Emma Christian, 53, St. Vincent’s Hospital .coronary thrombosis. Permelia Calkins. 77, 606 N. Beville, cerebral hemorrhage. Georgiana Wlmmer, 65, Central Hospital. chronic myocarditis. Dorothy M. williams, 49, Methodist Hospital, fibroid tumor. Carrie Reese Kraupa, 68, city hospital, chronic myocarditis. Catherine Plogsterth. 97. 527 N. Davidson. cerebral hemorrhage. Virginia Brown. 70, 728 Indiana Ave., mltrat stenosis. Lydia P. Bucy. 76, 423 Hudson, bronchial pneumonia. Jesse J. Maratta. 49, 2917 S. Meridian, cerebral hemorrhage. Christian Henry Horstman, 1619 Woodlawn, carcinoma Samuel F. De Moss, 76. 938 N. Beville Ave., mitral stenosis. Building Permits Guy Aronholt, dwelling and garage, 1441 North Gladstone, $3,175. N °Gl V a<f to llh °'s3 ?75* ltng and Barage ’ Mrs. L. L.'McCoy', repairs, 2038 N. Meridian. SI,OOO. H. Urivlty, furnace, 1005 Union, $225. Brookslde Lumber Company, repair, 1415 Commerce. SIO,OOO. Ora Glunt. garage, 737 Burwick. $242. Mary E. McGuff, dwelling and garage. 490 Orion. $4,700. J. W. Wood, repair, 1231 Cornell, SI,OOO. N. C. Bird, dwelling and garage, 4505 Carrollton. $4,200. George Stamm, dwelling and garage, 1448 N. Euclid. $4,200. Klee & Schreiber Company, dwelling and garage, 314 Hoefgen, $2,200. Max Robbins, remodel, 3228 E. Michigan. $2,000,

THE INDIANAPOLIS TIMES

PORKERS JUMP UP AFTER TWO DIVESjN WEEK Some Weights Bring $8.75 in 20-Cent Upturn; Calves Off. —Hog Fricc Range— Jan. Bulk. _ Top. Receipts. 11. 8.25-3' 8.60 8.60 10,000 12. 8.25(ft 8.60 8.60 7,500 13. 8.50fi) 8.90 9.00 6.000 14. 8.50'2* 875 8.75 6.500 16. 8.2571 8.55 8.55 11.000 17. 8.254 8.45 8.45 13,000 18. 8.25® 8.65 8.75 10,500 After two successive dives Monday and Tuesday, sending prices down 30 cents on the hundredweight, porkers turned upward at the local yards today to a top of $8.75 and bulk price of $8.65. Receipts were approximately 10,500, with 592 holdovers. There were few early bids at Chicago, where 24,000 fresh hogs and 10,000 holdovers were in the pens. The market was steady, bidding around $8.25 @8.35 for choice heavy butchers. Vealers were around 50 cents lower on the local market and others were little changed. Lights Unchanged Heavy meat animals weighing 250-350 pounds, were up 20@35c at $8.50 @8.65, but material in the 200-250-pound class topped the market selling at $8,657(8.75, up Middle weights, 160-200 pounds, brought 20@ 25c higher prices at [email protected]. Light weight animals, 130-160 pounds, were unchanged at [email protected], as were pigs, 90-130 pounds, at [email protected]. Packing sows went up 25c to $7 @B. Beef steers were lower in price, but the general cattle market was steady to strong, according to quality of material received. Steers sold at [email protected] and beef cows brought s7@lo. Low cutter and cutter cows were $5 @6.25 and bulk stock and feeder steers went at $7,504 9. About 800 were brought to the yards. Calves Lower Best vealers sold 50c off at sl4® 15. with 800 animals in the pens. Heavy calves brought steady prices at $6.50 @lO. The sheep and lamb top advanced 25c to a quotable price of $13.25. Bulk fat lambs were unchanged at $12@13 and bulk culls were 50c off on the lower end at $7 @lO. Bulk fat ewes sold at unchanged prices, s4@ 6.50. Receipts were estimated at 800. —Hog— Receipts, 10,500; market, higher. 350-350 lbs $8.50% 8.65 200-250 lbs 8.65 ft/ 8.75 160-200 lbs 8.50® 8.65 130-160 lbs 8.007, 825 90-130 lbs. . 7.00® 7.75 Packing sows 7.00® 8.00 -CattleReceipts. 800; market, steady to strong. Beef steers .$11.004 13 50 Beef cows 7.00® 10.00 Low cutters and cutter cows . 5.00® 6.25 Bulk Stocker and feeder steers 7.50® 9.00 —Calves— Receipts, 800; market, lower. Best vealers $14.00® 15.00 Heavy calves 6.50® 10.00 —Sheep and Lambs— Receipts. 800; market, steady to strong. Top fat lambs $13.25 Bulk fat lambs 12.00413.00 Bulk cull lambs 7 00410 00 Fat ewes 4.00® 6.50

Other Livestock By United Press CHICAGO. Jan. 18.—Cattle—Receipts. 9.000; better grade fed steers almost at a standstill; lower grades getting moderate action at about steady prices; prospects weak to 25c lower; on minds of value to sell at sl4 up; largely a steer run; light kinds predominating; she stock and bulls, steady; vealers, 50c higher; largely $120113. trade to big packers; few. $13.50; outsiders. $14®15; low cutter cows. $5.75; strong weights. s6® 6.50. Sheep—Receipts. 16.000; market, fairly active all classes, fully steady with Tuesday: earlv sales choice. 79-82-lb. lambs. $13.40© 13.50; bulk 83-90-lb. weights. sl3® 13.35; good 93-96-lb. weights, largely $12.50® 13; extreme weights rejected from loads. $11.75© 12. largely: ight native throw-outs. $10.50© 11.50; good 85-lb. clipped lambs. $11.50: choice, 95-lb. yearlings held around $11.50: good 120-lta. ewes up to $7.25; feeding lambs scarce: few packages good feedsfc. sl2© 12.50: mixed fat and feeding lambs, scaling 76 lbs.. $13.25. Hogs—(Boft or oilv hogs and roasting pigs excluded)—Receipts. 24.000: market, generally steady lo strong: heavyweight, 250-350 lbs., medium to choice. $8 ©8.40: medium weight, 200-250 lbs., medium to choice. sß.lo© 8.40: light weight. 160-200 lbs., common to choice. $7.60© 8.40; light lights. 130-160 lbs., common to choice. $7.10 ©8.30; packing sows, smooth and rough, $6.75® 7.50: slaughter pigs 90-130 lbs., medium to choice. $6.50®7.75. B,n United Press CINCINNATI. Jan. 18.—Hogs—Receipts, 2.800: holdovers. 1,088; market steady to 25®35c up; 250-350 lbs., [email protected]: 200250 lbs.. $8,650)8.85: 160-200 lbs.. $8.50® 8.85; 130-160 lbs.. [email protected]: 90-130 lbs., $6.75® 8: packing sows. $6.50© 7. CattleReceipts. 500; calves, receipts. 400: market steady: beef steers. $10®13.50: light yearling steers and heifers. s9® 13: beef cows. $6.50®9; low cutter and cutter cows, ss®) 6: vealers. [email protected]: heavy calves. slo© 13; bulk stock and feeder steers. s9© 10. Sheep—Receipts, 225: market lambs. 25® 50c down: top fat lambs. sl4; bulk fat lambs. $11©13.75; bulk cull laßibs, $7 @9; bulk fat ewes, 4s@6. w Bn Times S'necial LOUISVILLE. Jan. 18.—Hogs—Receipts. 800; market 10c higher; mediums and heavies, $8.100)8.50; pigs and lights, $6.10 @7.35; throwouts and stags. $5.60®.6.35. Cattle—Receipts, 200; market steady. Calves—Receipts, 200: market steady; good to choice, $11.504i 13.50; medium to good, s9@ 11.50: outs. $9 down. Sheep—Receipts. 50; market steady: top lambs, sl2® 12.50; seconds. s7@9; sheep. s4@6. Tuesday's shipments: Cattle, 78; calves, 186; hogs, 517; sheep, none. Bu United Press EAST BUFFALO, Jan. 18 Hogs Receipts. 1,200; holdovers. 1.046; market steady to 15c lower: 250-350 lbs., $8.75© 8.85; 200-250 lbs.. $8.75®9.15: 160-200 lbs., $8.75® 9.25; 130-160 lbs.. sß@9; 90-130 lbs., $7.50@8; packing sows. $74(7.75. CattleReceipts, 100; calves, receipts 100: market strong; calves steady; vealers. sl6© 16.50. Sheep—Receipts. 1,200: market 25c up; top fat lambs. $13.75; bulk fat lambs, $13.50; bulk cull lambs, $10.50@12; bulk fat ewes. [email protected]. By United Press CLEVELAND. Jan. 18.—Hogs—Receipts. 3.500: market steady; 250 to 350 lbs., $8.75 @8.85; 200 to 250 lbs., $8,754(8.90; 160 to 200 lbs.. $8.75©8.90; 130 to 160 lbs., $7.00© 8.85; 90 to 130 lbs.. $7.254i7.50; packing sows. $6.75@7. Cattle—Receipts. 300; calves, receipts. 250; market steady: beef steers. [email protected]; beef cows. $6.55®9; low cutters and cutter cows. $4,504(6; vealers. sl4<!V 16.50. Sheep—Receipts. 750: market steady, 25c up; top fat lambs, $13.50; bulk fat lambs. sl3®> 13.25; bulk cull lambs, $10©12; bulk, fat ewes, ss@7. By United Press PITTSBURGH, Jan. 18.—Hogs—Receipts, 3,000: market steady to 10c up; 250 to 350 lbs.. sß.Bo® 8.90; 200 to 250 lbs., $8.90 @9; 160 to 200 Its., $8.90®9; 130 to 160 lbs., $8.25© 9: 90 to 130 lbs., $7.50&8; packing sows. $6.76.(7.25. Cattle—Receipts. 16: calves, receipt. 125: market steady and higher; beef ste<*s. $11.50® 15: vealers. $14.50# 16.50. sneep—Receipts. 200market strong to 25c up: top fat lambs, $13.50; bulk fat lambs, $12.50® 13.50; bulk cull lambs. s9@lo. >O. By United Press EAST ST. LOUIS. Jan. 18.—Hogs—Receipts. 18,000; holdovers, 2.350; market. 10c up; 250-350 lbs.. $8.10<g8.45; 200-250 lbs.. $8.30®8.50: 160-200 lbs.. $8.10®8.50: 130-160 lbs., [email protected]; 90-130 lbs.. [email protected]; packing sows, $6.75@>7.25. Cattle—Receipts. 3,300. Calves—Receipts, 1,200; market, steers, steady; beef steers. $11.50© 12.50: light yearlings and heifers. $8.50© 11; beef cows. s7® 9; low cutter anad cutter cows, $5.25© 6.25: vealers. $14.50: heavy calves, $7.50®10.50: bulk stock and feeder steers, sß®) 10. Sheep—Receipts, 750: market, indications steady: top fat lambs. $13.25: bulk fat lambs. sl3; bulk cull lambs, $9.50 @10; bulk fat ewes. ss© 6. Bji United Press TOLEDO. Jan. 18.—Hogs—Receipts. 1.000: market light. 10® 15c up. others steady; heavies, $8®8.25: mediums. $8.25®8.40; Yorkers. $8.50©e.75: good pigs. [email protected]. Cattle—Receipts, 100; market steady. Calves—Receipts, light- market steady. Sheep and lambs—Receipts, light; market steady.

Local Wagon Wheat

Local grain elevator* are paying $1.33 for No. 2 red wheat. Other grades are ourchased on their merits.

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. *B. Barrei aDples: Grimes Golden. *7.50: Bellflowers $6; Baldwins. *6: Wugners. $5.75® 6; Jonathans. $5.50; Wlnesaps, $6. Box apples: Delicious. $4®4.75: Grimes Golden, $2.50®) 3.50; Jonathans. *3.25; Rtaymens. *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. Basket apples: Grimes Golden. $2.50; B grade, *f2s; Staymens. $2.50; B grade. $1.75: Jonathans. *2.50; 20-ounce Pippin. $2.50; York Imperial. $2.25; cooking apples, $2. Bananas—6@Bc lb. Cranberries—*7.so quarter barrel. Grapefruit—Florida. *4.75® 3.50 crate. Grapes—California Emperors. *6 Keg: California Malagas, *8 per keg; $2.40 basket. Kumquats—Florida, 25c quart. Lemons—California, *647 crate. Limes—Jamaica. *3 per 100. Oranges California navels, *4.2586 crate: Florida. *4.50®5.50 crate. Pears—Washington Bose. *6.50 per box; Washington D AnJous. $6.50 per box. Strawberries—Florida. $1 quart. Tangerine*—Florida. *[email protected] a crate. VEGETABLES Artichokes—California. *2.25 per dozen Beans—Southern. $3.75 hamper. Beets—*l.2s bu. Brussels sprouts—3oc lb. Cabbage—H. G.. 2<ft2%c lb. Carrots—*l.2s bu. Cauliflower--California. $2.25 crate. Celery—California. $6.50. 8. 9 and 10doz. crates: Florida. *3.75 crate. Celery cabbage—*l.so doz. cucumbers—Hothouse. *2.50 doz. Eggplant—H. G . $2.2$ doz. Endive—sl.2s doz. Kale—s 2 barrel. Leek—soc bunch. Lettuce Arizona, head, *4B 5 per crate; hothouse leaf. 15c lb. Mushrooms—*l.so, 3 lbs. Onions—Spanish. $2.50® 2.75 crate: Indiana white. $2.75 100-lb. bag; Indiana yellow or red. *2.50 cwt. Ovsterplant— 50c doz. Parsley—6oc per doz. bunches; Southern. 90c. Parsnips—*l.so bu. Peas—California telephone. $9.50 hamper. Peppers—Florida mangoes. *4.50 crate. Potatoes—M.chlgan 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. *l.lO doz. bunches. Rutabagas—sl.7s per cwt/ Shallots—7sc doz bunches. Spinach—H. G., $1.2541.50 bu. Sweet Potatoes diums. *2 bu.; Indiana Jerseys. (3 bu.; Nar.cy Hall. $1.75 hamper. Tomatoes—Hothouse. *3.50 per 10 lbs.: California, s6@7, 6-basl:et crate; Cuban, 5 Turnips—H. G.. 85c bu. MISCELLANEOUS Cider—s4.so. 8-gal. case; $4.75 do*. %- gal. Jars. Cocoanuts—s6 per 100. Garlic—2oc per lb. Ovsters—Standards. $2.50 gal.; selects. $3 gal. | Squash—Hubbard. $4 @4.50 barrel. /?;/ United Press CHICAGO. Jan. 18.—Green fruits: Apples. s7® 11 per barrel; cranberries. $14815 per box.

$13,000,000 The Cleveland, Cincinnati , Chicago & St. Louis Railway Cos. REFUNDING AISD IMPROVEMENT MORTGAGE 4 1 A% GOLD ROADS, SERIES E Dated July 1, 1927 Due July 1, 1977 % Bearing Interest from January 1, 1028, payable January 1 and July 1 In New York City. NOT REDEEMABLE PRIOR TO JULY 1, 1047. /i\t l: unable as a whole hut not in part, at the company's option, on July 1, 1047, or on any interest date thereafter prior to maturity, at the following prices and accrued interest: from July 1, 1047, to January 1, 1067, inclusive, at 105 %; from July 1, 1067, to January 1, 1972, inclusive, at 102 % ; and from July 1, 1072, lo January 1, 1977, inclusive, at par. Coupon Bonds in denomination of SI,OOO. registerable as to principal and interchangeable with fully registered bonds. Fully registered bonds in denominations of SI,OOO, $5,000, SIO,OOO and $50,000. / The issue and sale of these bonds have been authorized by the Interstate Commerce Commission. GUARANTEE TRUST COMPANY OF XEW YORK, CORPORATE TRUSTEE Albert If. Harris, Esq., Chairman of the finance committee of the board of directors of the company, has summarized as follows his letter to us describing these bonds: PROPER!!' The Cleveland, Cincinnati, Chicago & St. Louis Railway Company operates 2,227 miles of railway, of which 1,605 miles are owned and 7>33 miles are operated under lease or contract. In addition it has 170 miles of trackage rights over other railroads. The company’s line from Cleveland to St. Louis is the main line of the New York Central system between those cities. Other lines give access to large traffic centers of the midtile West, and comprise an important part of the New York Central system. The New York Central Railroad Company owns over 84% of the company’s 5% preferred stock and over 91% of its common stock. earnings The company’s gross operating revenues, income applicable to fixed charges, total fixed charges and net income during the past five years, have been as follows: „ Income Applicable to Fixed Year Ended Cross Operat- Operating Total Net Dec. 31 ing Revenues Charges Charges Income 1923 $94,941,444 $19,200,598 $7,682,244 $11,617,354 1924 87,712,381 15,845,727 7,764,795 8,080,932 1925 92,061,070 20,156,869 8,749,344 11,407,525 1026 94,530,987 20,013,721 8,618,438 11,305,283 1927* 01,505,480 17,388,580 8,519,615 8,868,965 ♦December estimated. The company's income applicable to fixed charges was more than twice Its fixed charges in each of the years covered by the above table, and averaged for the five-year period 2.24 times such charges. SECURITY The refunding and improvement mortgage covers as a direct lien 1,695 miles of railroad owned, the company’s interest In 328 miles of railroad operated under lease or contract, and 146 miles of trackage rights, the total comprising 2,169 miles of railroad. After giving effect to the issuance of these series bonds, there will be outstanding In the hands of the public and francs 7,584,500 principal amount of bonds secured by this mortgage. EQUITY The company lias outstanding $9,998,500 5 per cent preferred stock and $47,028,700 common stock. Dividends are being paid on the common stock at the rate of 8 per cent per annum. The company’s Income for 1.927 (December estimated) applicable to dividends on Its common stock was equivalent to over $17.60 per share. THE FOREGOING IS SUBJECT TO THE MORE COMPLETE STATEMENTS CONTAINED IN THE LETTER, A COPY OF WHICH MAY BE OBTAINED UPON APPLICATION. THE ABOVE BONDS ARE OFFERED SUBJECT TO PRIOR SALE AND TO THE CONDITIONS STATED BELOW, AT 100% AND ACCRUED INTEREST. The right is reserved to reject any applications, and also, in any case, to allot a smaller amount than applied for. All orders will be received subject to the issue and sale of the bonds as planned, and to approval by counsel of the form and validity of the related documents and proceedings. The amounts due on confirmed sales will be payable at the office of J. P. Morgan & Cos., in New York funds to their order and the date of payment (on or about January 26, 1928,) will be stated in the confirmations of sale. Temporary bonds, exchangeable for definitive bonds when received, are to be delivered. • /. P. MORGAN & CO. FIRST NATIONAL BANK THE NATIONAL CITY COMPANY GUARANTY COMPANY of New York New York, January 18, 1928.

GRAIN SESSIUN BEARISH TUDAY IN CHICAGU PIT Heavy New Corn Movement Sends Futures Down; Others Follow. By United Brest CHICAGO, Jan. 18.—Reports of heavy Southwest movements of new corn sentences in that grain downward, and expressed wheat in sympathy at today’s session on the Chicago Board of Trade. Oats lost moderately. Wheat held within a range of about % cen t during the morning, and trading was dull. Export demand was flat. Liverpool and Buenos Aires were weak. Corn's temporary strength helped j firm wheat prices early, but when com declined, the only supporting j influence in the wheat pit was removed. Receipts here were ten cars, and cash wheat was unchanged. Southwest farmers took advantage of early prices to market their com. Sentiment turned bearish and many of Tuesday’s buyers sold, ■fearing a sudden flood of new com to principal markets. Receipts i totaled 79 cars, and cash com was unchanged to V- cent lower. Oats reecipts were 57 cars. Cash oats was unchanged. Provisions worked lower. Chicago Grain Table —Jan. 18— WHEAT— prev „ , High. Low. 12:00 close. March 1.29% 120 1.29% 1.29% May 1.30% 1.30% 1.30% 1.30% July 1.26% 1.26% 1.26% 1.27 CORN— March 91% .90% .90% 91% May 93% .92% .92% .93% July 94% ... .93% .94% OATS— March 55% ... .55% .55% May 56% ... .56 .56% July 52% ... .52% .52% RYE— March 108% ... 1.08% 1.08% May 1.08% 1.08% 1.08% 1.09 July 1.03% ... 1.03' < 1.03% LARD— January 11.87 11.85 11.87 11.85 May 12.17 12.15 12.15 July 12.35 .... 12.35 12.35 RIBS— January 10.90 May 11.40 B>’ Times Sue,-in! CHICAGO. Jan. 18.—Carlots: Wheat. 14; corn, 74; oats, 29; rye, 2.

Wise Dog Refuses to Ride With Master After Auto Wreck.

By Times Special \ TJICKNELL, Ind., Jan. 18.— Ewell Phillipe didn’t mind it so much when he paid the bill for damage done to his auto, wrecked when it went into a ditch after skidding oft slippery pavement. But what hurts is losing the confidence of his bulldog, Jeff. Jeff’s boss is night watchman at a mine and has taken Jeff along for company during the long night hours. But since the accident Jeff don’t want to go to the mine —at least; not as a passenger in Phillipe’s car. “It’s getting pretty bad when one’s dog refuses to ride with him,” Phillipe sighs. OBJECTS TO MERGER Expert Says Unbalanced Condition Would Result. By United Brest WASHINGTON, Jan. 18.—C. E. Oliphant, chief statistician of the Chicago, Milwaukee, St. Paul & Pacific Railroad, testified before the interstate commerce commission today that merger of the Northern Pacific and the Great Northern would give the combined system control of 70 per cent of the traffic in the Northwestern States. Oliphant was under cross-ex-amination today after giving similar testimony Tuesday to show a monopoly might result. Later today H. E. Byrain, chairman of the board of the C. M. St. P. & P. was to take the stand in opposition to the proposed merger. Attorneys for the two nor the.-' roads expected to subject him to severe cross-examination. Byram declared that merger of the two northern roads would ere • ate an unbalanced condition in competition. earning power and financial credit between the carriers of the Northwest.

JAN. 18, 1928

18 LIFERS TO ENTER APPEALS FOR CLEMENCY Two Marion County Slayers Among Those Who Will File Pleas. Eighteen murderers will seek pardons, paroles, or sentence commutation from the Indiana State Prison board when it meets Jan. 26, to sit as a pardon board at the Michigan City institution. All are serving life sentences. Three are new applicants for parole and the remainder are cases on rehearing. Two staking commutation from Marion County are Oldham Hayden, sentenced in Criminal Court here Oct. 11,1917, and Joseph Benson, sentenced Feb. 2, 1918. Among those on the list are: Edward Donahue, originally sentenced to hang in Lake County Feb. 23, 1905, whose sentence was commuted to life imprisonment by the late Governor J. Frank Hanley, with provision that he never was to be released. He asks parole. Henry Romine, Civil War veteran, who is paroled annually to attend the national G. A. R. encampment. He was sentenced in Bartholomew County March 5, 1913, and permanent parole repeatedly has been turned down. Charles Shepherd, sentenced in Jay County, June 27, 1902. He once escaped in a box car, but later was captured and returned and now is blind. •William A. Spores, sentenced in Scott County, Oct. 24, 1906, whose attorney was Jesse Hamrick of Indianapolis. now also in the penitentiary for arson. Don McCammon, serving life sentence for criminal assault, who was sentenced from Green County March 9, 1910, and was transferred fronj the reformatory to the prison, but later escaped and was captured, asks pardon or parole. Oscar Kalwa, sentenced in Lake County, Dec. 11, 1916, when under 16, and given life for criminal assault, asks parole. Marion County cases, other than murder, are Earl Boal, vehicle taking: Jefferson Elrod, robbery; Roy Lucas, robbery.