Indianapolis Times, Volume 39, Number 229, Indianapolis, Marion County, 1 February 1928 — Page 12

PAGE 12

STEEL RALLIES, MARKET PRICES ARE IRREGULAR U. S. Steel Moves Up After Opening One Point Off on Stock Market.

Average Stock Prices

Average of twenty industrials Tuesday was 198.59, up 1.02. Average of twenty rails was 137.18, up .06. Average of forty bonds was 99.34, up .03. Bit In it rd Prats NEW YORK. Feb. I.—Stock market prices were irregular at the outset of trading today with U. S. Steel off a point. Early dealings however showed that the market had amply discounted the unfavorable earnings statement of the U. S. Steel corporation and the market rallied with the stock of the latter company moving up fractionally with the remainder of the list. National Cash Register was among the new favorites rising to new high ground shortly after the opening. This stock was bid up to 52, up l'/s. People's Gas rose to a record at 185, tip 5 points, and other utilities were stronger. Pure Oil Loses Among the outstanding losses was Pure Oil, which broke to new low ground at the opening on a transaction of 10,000 shares at off 31s. Subsequently the issue recovered part of she loss. Mercantile and Mail order shares Improved. Mining issues continued to command attention while rails lagged and motors held steady to firm. General Motors opened off % fct 133% and then advanced to 134%. Describing the market, the Wall {Street Journal’s financial review today said: “Steel’s position after publication of the earning statement for the fourth quarter of 1927 was notably calm. “Although the balance for the common stock in the last three months of the year was $1.05 a share against dividend requirements for the period of $1.75 a share, offering of the stock in the early dealings were light and the price reImprovement Continues ceded only a point to 145%. “It was evident that the effect of the poor showing for the final quarter of 1927 was upset by rapidly expanding operations in the current three months.” Stocks continued to improve through the morning although dealings only were on a moderate active scale. Several new highs on the movement were scored by the more volatile issues while standard stocks moved up in response to the strength exhibited by United States steel common, the later regaining all of its early loss and raising % above the previous close to 14674. Rails strengthened under the leadejship of Texas & Pacific which spurted 4% points to 11%. Montgomery Ward and Sears, Roebuck advanced sharply on their statement of sales for January.

Banks and Exchange

FOREIGN EXCHANGE By United Press NSW YORK. Feb. I.—Foreii/n exchange opened Irregular. Demand sterling. $4.88 11-16; francs. 3.92%c: lira, 5.292 B c, up .00%c; belga. 13.91%c; marks, 23.811. TREASURY STATEMENT Bp United Press WASHINGTON, Feb. I.—The Treasury net balance for Jan 30 was $112,528,364.60. Customs receipts this month to Jan. 30 were *40.511.833.26.

Indianapolis Stocks'

—Feb. 1— Bid. Ask. Amer Central Life 500 Amer Cresotlng Cos pfd 104''i ... Belt. R R com 67 3 /4 69 Belt R R pfd 60 Cent Ind Power Cos pfd 95 Vi 98 Cities Service Cos com ....... 65*4 ... Cities Service Cos pfd 95 Citizens Oas Cos com 56 57 Ms Citizens Oas Cos pfd 106 106 >/a Commonwealth Loan Cos pfd.. 99 ! i> ... Kqmtbale Securities Cos com.. 47'/a ... Book Drug com 30>/a ... Indiana Hotel com (Claypool). 25 ... Indiana Hotel pfd 10114 ... Indiana Service Corp pfd 89 Indianapolis Gas com 6114 64 Indpls & Northwestern pfd Indpls P & L 6>/aS pfd 10414 106 indpls P & L 7s 100 Indpls Pub Wei Ln Ass'n 4714 .•. Indianapolis St Ry pfd 34 3714 Indpls water Cos pfd 10314 ... Indpls Water Wks Sec Cos 105 Interstate P S pr lien pfd... 10314 105 Interstate P S 6s pfd 87 Merchants Pub Until pfd 101 North Ind Pub Service pfd...102 103 Progress Laundry com 8614 ... ?auh Fertilizer pfd 50 .., H 7 & E com ... •T H I & E pfd V ... IT H Trae and Lt Cos pfd..... 91 ... Union Trac of Ind com 14 Union Trac of Ind Ist pfd 1 Union Trac of Ind 2d pfd 14 Union Title Cos com 85 Van Camp Pack Cos pfd 10 Van Camp Prod Ist pfd 9Y 100 Van Camp Prod 3d pfd 100 —Bank Stocks— Aetna Trust and Say Cos 120 ... Bankers Trust Cos 150 ... City Trust Cos 140 ... Continental National 121 Farmers Trust Cos 246 Fidelity Trust Cos 170 Fletcher American 179 185 Fletcher Sav and Trust Cos 295 Indiana National Bank 26214 266 Indiana Trust Cos 240 355 Livestock Ex Bank 162 Marion County Bank 216 Merchants' Nat Bank 340 Peoples State Bank 255 Security Trust Cos 300 State Savings and Trust 100 Union Trust Company 500 Wash. Bank and Trust C 0.... 162 Bonds Belt R R and Stockyards 45.. 92 Broad Ripple 5s 81 8214 Central Indiana Gas 6s 98 Cent Ind Power Cos 6s 104 Chi S Bend & N Ind 5s 15 Citizens Gas Cos 6s 105 Citizens St R R 5s 88 89'4 Gary St R.v 5s 90 9114 Home T & T of Ft Wayne 65.. 10314 ... Indiana Hotel 5s 100 ... Indiana Northern 2 6 Ind Ry and Lt 5s 97 Ind Service Corp 5s 97 Ind Union Trac 5s 2 Indpls Col & South 6s 9914 102 Indpls Gas Cos 5s 102 103 Indpls & Martinsville 6s Indpls Northern 5s 1214 16 Indpls & Northwestern 5s .... 75 Indpls Power and Lt Cos 5s 100'4 101 Indpls St Ry 4s 66>4 6714 Indpls Trac and Term 5s 9614 9714 Indpls Union Ry 5s 10314 ... Indpls Water 5 1 4s 10414 10614 Indpls Water Ist 5s 100 Indpls Water 4Hs 9814 100 Indpls Water Wk Sec Cos 65...10214 ... . Interstate Pub S 65.. 104 Interstate Pub S Bs 614s 10514 ... N Ind Pub Serv C<t 5s 100 T H I & E 5s .'. T H Trac and Light 5s 95 Union Trac of Ind 6s 11 15 •Ex-dividend —Liberty Bonds— Liberty Loan Ist 314s 101.72 101.86 Liberty Loan Ist 414s 102.94 103.08 Liberty Loan 3d 4 Vis 100.40 100.54 Liberty Loan 4th 414s .... 103.70 103.84 TJ s Treasury 414s 115.00 115.14 U S Treasury 4s 110.00 110.14 U 8 Treasury 34s 107.12 127.36 U S Treasury 3>4s 100.00 100.14 US Xxsum 314s ijfnt 403.60

New York Stocks (By Thomson & McKinnon) —Feb. 1— Prey. Railroads— High. Low. 12:00. close. Atchison 18848 187% 188 3 s 188 At Coast Line. .183'. ... 183 -183% Balt & Ohio 113% ... 113% 113% Canadian Pac ..207% 206 207% 205% Chysa Ac Ohio.. .196% 196 196% 196% Chi Ac Alton .... 6% ... 6% 6% Chi Ac N West.. 83% ... 83% 84 Chi Ort West 10% ... 10% 10% C R X Ac P 110 ... 109% 110% Del Ac Hudson ..175 ... 174% 175 Del Ac Lacka 133 Vs Erie 59% ... 59% 99% Erie Ist pfd ... 60 ... 60 60 Grt Nor pfd ... ... 95 111 Central 140% 140 140% 141% Lehigh Valley 90% Kan City South. .. ... ... 57% Lou Ac Nash 151 M K Ac T 36% ... 36% 36'% Mo Pac pfd ...non ... 110% no - N Y Central 159%. ... 159% 159% NY C Ac St L...132U ... 132 U 131% NY NH Ac H 65% ... 65% 65% Nor Pacific 95% Norfolk Ac West 186 185% 186 186 Pere Marauette. .. 129 Pennsylvania ... 64% ... 64% 65% P Ac W Va 133 Reading 100% ... 100% 1007a Southern Ry ... ... 143% Southern Pac ..120 119% 120 120% St Paul 16% ... 16% 16% St Paul pfd 31% ... 31% 31% St L Ac S W 73 ... 73 73Va St. L Ac S F 113 Texas Ac Pac ...119% 115% 119% 115 Union Pacific ..189 ... -JB9 189% West Maryland.. 45 44% 45 45% Wabash 62 ... 62 62 % Wabash pfd ... ... 89 Rubbers— Ajax 13% ... 13% 13% Fisk 16% 16 16%, 16% Goodrich 93 Va 92% 93 93 Goodyear 69’s 69 69% 69% Kelly-Spgfld 24% ... 24% 24% Lee .21 20% 21 20% United States... 597* 59 59% 59% Equipments— Am Car Ac Fdy. .110% 110% 110% 110% Am Locomotive 114% 113% 114% 113% Am Steel Fd.... 67% 66 67% 65% Baldwin Loco 250% General Elec ..131% 130% 131% 130% Gen Ry Signal. .116’'s 115% 115% 115% Lima Loco .... 60% ... 60% 61 N Y Airbrake.. 45% 46% 46% 46% Pressed Stl Car.. 24% ... 34% 24% Pullman 84% 84 84% 8 3 % Westingh Air B. . 55% ... 55 55% Westingh Elec.. 96% 95% 95% 95% Steels— Bethlehem 577a * 57% 57% 57% Colorado Fuel.. 84% 83% 82 84% Crucible 89 86’/a 9% 87% Gulf States Stl. 52 ...ft 52 52 Inland Steel ... 57% ... 57 57 Phil R C Ac 1.. 34% 34 34% 34% Rep Iron Ac Stl. 63% 62% 63% 62% Sloss-Sheff 127 U S steel 146’s 145% 146% 146% AIIOV 30% Youngstown 5t1.100% ... 100% 100% Vanadium Corp. 72% 72 72Vi 73 Motors— Ant Bosch M4g.... 79 Chandler 16% Chrysler Corp.. 58 57’, i 58 56% Conti Motors ... 11% ... 11 11 Dodge Bros ... 20% 20% 20% 20% Gabriel Snbbrs. 23% 23% 23% 22% General Motors. .134% 133% 134% 134% Hudson 88 86% 87% 87% Hupp 40% 39% 40 39% Jordan 10% ... 10% 11 Mack Trucks ..104'% 103 104 103'% Martin-Parry ..13 ... 13 12% Moon 6Va ... 5% 6 Motor Wheel .. 26% ... 26% 26% Nash 87% ... 87% 87% Packard 60% 58% 60% 58% Peerless 19% 18% 19% 19% Pierce Arrow.. .. ... ... 13% Studebaker Cor . 61% 59% 61 59% Stew Warner .. 83 ... 83 82% Stromberg Car 52 % Timken 8ear...129% 128 129% 128 Willys-Overland. 19% 19% 19% 19% Yellow Coach .. 34% ... 34Va 34% White Motor ..,37% ... 37% 37Vi Mining— Am Smlt Ac Rfg 176 175% 176 175% Anaconda Cop.. 56% 56Va 56% 56 Calumet Ac Ariz 107% 106% 107 107 Cerro de Pasco.. 65% ... 65% 65% Chile Copper ... 40% ... 40% 40% Greene Can Cop 1437s 143"% 143% 142% Inspiration Cop. 19% ... 19% 19% Int Nickel .* 98% 97 98% 97% Kennecott Cop. 83 82% 83 82% Magma Cop 52%, 51% 52 51% Miami Copper.. 18% 18 18% 18% Texas Gulf Sul. 74%, 74'V 74% 74’/. U o S, Smelt 42% 42% 42% 41% Atlantic Rfg 107 ... 103 107 Cal Petrol 26% 26 26 26 Freeport-Texas .102% 102% 102% 102V* Houston Oil 149 148% 149 147% Indp Oil Ac Gas 26% ... 26% 26% Marland OH ... 36 35% 36 36 Mld-Cont Petrol 27% 27% 27% 28 Lago OH Ac Tr.. 33% ... 33% 33% Pan-Am Pet 8.. 42% ... 42V. 42% Phillips Petrol... 41% 40% 41% 41 Pro Ac Rfgrs 23% ... 23% 24 Union of Cal 43% 43% 43% 43% Pure Oil 21 Vi 19 21 Vi 22% Royal Dutch 47% 46% 47V 46% Shell ........... 25V* 25 25'/* 25V* Simms Petrol 22 Sinclair Oil ... 19% 19% 19% 19% Skelly Oil 27 ... 26% 27 Std Oil Cal 54% 54% 54% 54% Std OH N J 39% 39% 39% 39% Std OH N Y.... 29% . . 29% 29% Texas Corn 53% 53 53'i 53Vi Transcontl 8% ... 8% 8% White Eagle 2 1% Industrials— AdV Rumely ... 13 ... 13 12’/ Allis Chalmers nr Allied Chemical 155% 154% 155% 155 Armour A 13% ... 13a, 13% Amer Can 76V* 75% 76 76VAm Hide Lea.... 13% ... 13% 13% Am H L pfd 65% 65'2 65% 66 Am Linseed 69% 68% 69 68 Am Safety Raz 57 Am Ice 3374 33% 33% 33 Vi Am Wool 22% ... 22% 22% Coca Cola 135% 134 135% 133% Conti Can 85% ... 85% 85% Certainteed 60% Congoleum 25% ... 25 Vi 25% Davison Chem.. 42% ... 42% 43 Dupont 315 Famous Players.ll2% ... 112’i 112% Gen Asphalt 85% ... 85% 85% Int Bus Mch. ... 126% 125% 126 1 2 125 Int Cm Engr ... 53% 52V* 53% 52 Int Paper 72 Vi ... 72 72 Int Harvester 237 Lambert 86 Loews ~ 61 Vi 60% 61 61 May Stores '... 82% Montgom Ward .131 129% 130% 129% Natl Lead 134% ... * 134% 134V* Pittsburgh Coal. 45 ... 45 44'i Owens Bottle 77 ' Radio Corp 101% 100’i 101 % 100% Real Silk 2774 27% 27% 28 Rem Rand 3Hi 30% 31 30% Sears Roebuck.. 84'% 84 84',i 83% Union Carbide ..142% 141 142 141 Unite dDrug 200 Univ Pipe 24% U S Cs Ir Pipe. .211 ... 211 210% U S Indus Alco 107 ... 107 106% Worthington Pu 32% ... 32% 33% Woolworth C0...18574 183% 185% 185 Utilities— Am Tel Ac Tel.. 179% ... 179% 179% Am Express 179 Am Wst Wks 59% Brklyn-Manh T. 59% ... 59% 59% Col G Ac E 97 V* 96% 97 96% Consol Gas 126% 186% 136% 12674 Elec Pow Ac Lt.. 33Vi 33 33% 33 Interboro 35% ... 3574 35% Nor Am Cos 61 ... 60% 6074 Man Elec Ry 44 V* Peoples Gas 185 179% 183% 179'% Phila Cos 163 Std Gas Ac Ei.... 63’/a 63% 63% Utilities Power /. ... 30 We*t Union Tel 170% Kh’pping— Am Inti Corp.... 79% ... 77% 79% Am Ship Ac Com 4% ... 4% 4% Atl Gulf Ac W X 43 Inti Mer M pfd 40 ... 39% 40 United Fruit ...139 ... 139 139 Foods— Am Sug Refg.... 72% ... 72% 73 Am Beet Sugar 1674 Austin Nichols ... 5Vi Beechnut Pkg... 81 ... 80% 8074 California Pkg.. 75% ... 75% 7574 Com Products .. 69% 68% 69% 69V* Cuba Cano Su p2B ... 37% 28% Cuban Am Sug. 21V* 21 21% 21 Vs Fleischmann Cos 72’% ... 72% 72% Jewel Tea 87 85% 87 87 Jones Bros. Tea. 37% ... 37V 36% Natl Biscuit ...17874 177 178% 176 Punta Alegre .. • 3174 Postum Cos 127 Ward Baking B 28 ... 27% 28 Tobaccos— Am Sumatra 6074 Am Tobacco 167% Am Tob B 167% Con Cigars 83% General Cigar... 72% ... 72% 72% Lig Ac Myers 118 Lorlllard 3874 3774 3874 3774 R J Reynolds 156% Tob Products B 10774 ... 10774 107 V, United Cigar St 3174 Schulte Ret Strs 5174 ... 5174 52

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. Feb. I.—ls the market has reallv discounted all the bearish news, and we think that may be the case, prospective buyers should come in on the quiet periods as the full benefits of an advance are then obtained. Early prices todav ought to be the Iwest, as we start with a poor Liverpool. SEEKS ACCIDENTTRIVER Injured Man Taken Home, Left to Faint of Injuries. Edward Nolan, of 1204 W. Washington .St., is seeking the persons in the automobile which knocked him to the pavement Sunday night. The aged man was injured while at W. Washington St. at Boulevard PI. Two men and a woman in the machine took him home, failing to leave their names and addresses. He was found shortly afterward on the floor, having fainted soon after arrival. Cuts and bruises were treated at city hospital, where he was taken by police.

PORKERS DROP 10 CENTS WITH HIGHRECEIPTS Some Hogs Steady, Cattle Strong, Calves Lower and Sheep Up. —Hog Trice Range— Jan. Bulk. Top. Receipts. 25. 8.357 c 8.55 8.a5 9.000 26. 8.25(ii! 8.45 8.45 9.000 27. 8.257() 8.45 8.45 12 000 28. 8.257' 8.40 8.40 4,000 30. 8.507 c 8.75 8.75 6.500 31. 8.60711 8.85 8.85 10.000 Feb. 1. 8.5071 f75 8.75 13,000 Hogs were generally steady to 10 cents lower on the local market today, the top being $8.75 and the bulk weighing more than 160 pounds selling downward from this figure to $3.25. Receipts were 14,000 and holdovers were 320. Calves dropped 50 cents, cattle were strong and sheep and lambs were higher. Receipts were fairly high throughout. The Chicago market opened very slow. A few bids on light hogs were 10 to 15 cent slower, with the best at 58.35. Receipts were estimated at 24,000. Hog Price Range Heavy butchers weighing 250-350 pounds sold at sß.2s'fi 8.50.T0 cents lower on the top. Middle weights, 200-250 pounds, were unchanged at sß.so'i 8.75, and lights in the 160-200-pound class were $8.60fa8.75, off 10 cents on the top. Light lights, 130-160 pounds, went at sß''<z 8.50, down 10 to 25 cents. Pigs, 90-130 pounds, were unchanged at $7 fa-8, as were packing sows, which brought $6.75^7.50. A strong tone was felt in the cattle market, although quality of material received did not justify higher prices. Beef steers sold off at $12.50 fa 14.25. Cows were unchanged at S7@ 10.25 and low cutter and cuttei cows brougnt $5.50fa6.75. Bulk stock and leader steers were also steady at $7.50va9. Receipts were estimated at 1,500. Calves Off: Sheep Up Part of Tuesday’s advance in the calf market was lost with the best selling at $16@17, off 50 cents. Heavy calves were unchanged at s6.sofa 10.50. About 1,000 animals brought to the yards. With 1.700 animals in the pens, the sheep and lamb market advanced 25 to 50 cents, the top soaring to sls, up 75 cents. Bulk fat lambs were $13.50fa 14.75, and bulk culls, $7.50fa11. Fat ewes were unchanged a tss.7s'ft 8.50.

5S. c £lE. ls i. 14 000; market steady to lover. lbs $8.25*7 8.50 202*250 lbs 8.50-1 8.75 JO-200 lbs 8.60'd 8.75 120,-16°, B.oo*i 8.50 90-1,39 lbs 7 007/ 8.00 Packing sows 6.75® 7.50 —Cattle— Receipts. 1.500; market strong. Beef steers $12.50*1 14.25 Beef cows 7.00® 10.25 Low cutters and cutter cows .. 5.50® e. 75 Bulk Stocker and feeder steers. 7.507$ 9.00 —Calves— Receipts, 1,000; market lower. Best vea.ers $16.00® 17.00 Heavy calves 6.50®10.50 —Sheep and Lambs— Receipts. 1,700; market higher. Top fat lambs sls 00 2. ii? fa f, , f mb s 13.50® 14.75 Bulk cull lambs 7.50*iT1.00 Eat ewes 5.75® 8.50 Other Livestock Bp Times Special i VI LVIV _ Feb. I.—Hogs—Receipts, 1.500; market steady; 250 lbs. up. $8 175-250 lbs., $8.60; 130-175 lbs.. $7.; 130 down. $6.20; roughs. $6.45; stags, $5.70. Cattle—Receipts. 100; market steady; good to choice. $12.50® 14.50; medium to good. $lO®l2.SO; outs, $lO down 50: mark< ‘ t steady; top *l2® 12.50; seconds. s7@9; sheep. s4*i 6. Tuesday's shipments: Cattle, 58; calves. 218; hogs, 489; sheep, none. Bp United Press , CLEVELAND, F , eb ' 1 - —Hogs—Receipts, 3 00°; market weak to 15c lower; 250-350 200-250 lbs.. *8.607/8.85; 160-200 lbs.. $8.85®9‘ 130-160 lbs.. $8,507/9; 90-130 lbs.. $8.25® packing sows. $77/ 7.23, Cattle-Receipts. 300; calves, relP.ts. f00: market steady: beef steers. $10.40*111.8.,: beef cows. $7*79; low cutter and cutter cows. $57/6: vealers, *l4® 17 Sheep—Receipts. 1.500; market, iambs 50c “P, : bulk f at lambs. $14.50® 15; bulk cull lambs, *7®12.50; bulk fat ewes. ss® 7.25. Bp United Press EAST BUFFALO. Feb. I.—Hogs Receipts. 1,800; holdovers. 985: market steady: 250-350 lbs.. $8.50®9; 200-250 lbs $8.90®9.25; 160-200 lbs.. $9®9.25; 130-160 lbs., $9®9.25; 90-130 lbs.. $8.857/9.25packing sows, $77/.8. Cattle—Receipts.' 150; calves, receipts 150; market steady; yealm-s. sl7® 17.50. Sheep—Receipts. 1.200; market 50c up: bulk cull lambs. sll s7@iso u k fat lambs ' sls: bulk fat ewes, Bp United Press PITTSBURGH. Feb. I.—Hogs-Receipts. 3,000; market steady to 10c down: 250-350 lbs., $8.257/ 8.85; 200-250 lbs., *8.65®9 35-160-200 lbs.. $9,257/9.35; 130-160 lbs.. *8.75 @9.35; 90-130 lbs., *8.257/8.75; packing sows. s7® 7.75. Cattle-Receipts. 25; calves, receipts 100; market steady, calves strong to 50c up: beef steers. $11.<07/14.35vealers. $15.50® 17.50. Sneep—Receipts, 200: market steady: top fat lambs. $14.75; b “l k J2U ambßl bulk cull lambs. sll® 12.50. Bp United Press FT. WAYNE. Feb. 1. Hogs-Receipts. 500; market steady to 5c lower; 180-210 lbs., $8.50: 210-250 lbs.. *8.35; 250-300 lbs.. $8.25; 300-350 lbs.. $8.05; 160-180 lbs. $8.35; 140-160 lbs.. *8: 110-140 lbs.. $7.50; 90-110 lbs.. *7; roughs, $67/7; stags, s4® 5.25. Calves—Receipts, 50; market. sl6 down. Sheep—Receipts. 150; market, iambs sl3 down. Y MAN JS SPEAKER Church Has Not Kept Pace, Disciples Are Told. “The church has not kept pace with the great powers of the universe,” said Robert E. Lewis, general secretary of the Y. M. C. A. of Cleveland, before the annual congress of the Disciples of Christ at the Central Christian Church Tuesday night. “Until we who teach the religions of Jesus are one, in personnel, properties, moneys and one in the spirit of Christ, we can not expect to bring the world to practical Christnaity.” Pastors and laymen from several States attended. Dr. Alva W. Taylor, secretary of the American Social Service Board, spoke at the afternoon session on “The Church and the Community.” Dr. Charles T. Paul, president of the Colleeg of Missions, and Dr. Ernest N. Evans, secretary of the Church Federation of Indianapolis, also spoke. The world conference on faith and order at Lausanne, Switzerland, was today’s topic, led by H. C. Armstrong, secretary of the A9ssociation for the Promotion of Christian Unity; Miner Lee Bates, president of Hiram College, and Mrs. F. E. Smith of Indianapolis. “Today and Tomorrow in World Relations” will be the subject of Dr. Albert W. Palmer of Oak Park, 211., at the closing session tonight.

THE INDIANAPOLIS TIMES

Loses Liberty * tmmmm

Harry Riggen, paroled prisoner, who was remanded to State prison to complete a life sentence for murder when Criminal Judge James A. Collins believed the story of two policemen that they found Riggen in possession of a gun.

GUN COSTS LIBERTY Paroled Convict Ordered to Resume Life Term. Harry Riggen, 46. of 1139 S. Meridian St., today for the second time faces life imprisonment in the State prison after he was ordered back to the institution by Criminal Judge James A. Collins as a parole violator. Riggen was arrested Saturday when detectives found a gun in his possession. Now Riggen will return to the prison to serve the rest of a life sentence for murder as one of five men who killed Mrs. Mary Nichols in March, 1909. Detectives Goltnisch and Feeney told the court Riggen worked daily since his parole. Riggen said he carried the gun to protect himself because he had been held up twice. Mrs. Allen Wood, 2502 N. Alabama St., who said she had investigated Riggen’s case, declared she would ask Governor Jackson to reduce the penalty and that she wculd try to interest several women's organizations.

THE CITY IN BRIEF

THURSDAY EVENTS Indiana Retail Hardware As*ociation convention. Claypool. all day. Producers' Commission Association meeting. Severin. 10 a. m. and l p. m. Traffic Club luncheon. Severin. Advertising Club luncheon, SpinkArms. Caravan Club luncheon. Murat Temple. Real Estate Board luncheon. Chamber erf Commerce. Indlapapolls Engineering Club luncheon. Board of Trade. Loyal Knights of the Round Table luncheon. Lincoln. Retail Credit Men's Association luncheon. Chamber of Commerce. American Business Club luncheon. Columbia Club. Irvington Commercial Welfare Association luncheon. 32 Lavman Ave Sigma Chi luncheon. Chamber of Commerce. Sigma Nu luncheon. Board of Trade. Indianapolis Power and Light Company cooking school. Meridian and Washington Sts. store. 2 p. m. Journeymen Barbers’ Union meeting. Severin. 8 p. m. Regular meeting of Bennett Circle, Ladies of the G. A. R., will be held Thursday at 2 p. m., at Ft. Friendly. 512 N. Illinois St. Sergeant Orel Chitwood today passed the word around police headquarters for his fellow policemen to be on the lookout for Pal, his female Boston tan brindle bulldog, who disappeared from his home Tuesday afternoon. Pal was wearing a studded harness, Chitwood said.

Commission Row

PRICE TO RETAILERS FRUITS Apples—Fancv barrel apples, seasonable varieties. $7.50@9; barrel apples, $6 50@9; fancy basket apples, seasonable varieties. $2.25<3>3.25 for 40 lbs.: choice box apples, seasonable varieties, $3.25(u:4.75. Cranberries—s7.so quarter barrel. Grapefruit—Florida. $3.50<ft5.50 crate. Grapes—California Emperors. $6 keg: California Malagas. $8 per keg. Kumquats—Florida, 20c quart. Lemons—California, $6.50®;9.25 crate. Limes—Jamaica, $3 per 100. Oranges—California navels. [email protected] crate: Florida, $3.50(5*5.50 crate. Pears—Washington D’AnJous, $6 box. W-shington D'Antous, $8.50 per box Strawberries—Florida. 85<ff90c quart. Tangerines—Florida, [email protected] a crate. VEGETABLES Artichokes—California. $2.25 or dozen. Beans—Southern, $7.50@8 hamper. Beets —$1.25 bu. Brussels sprouts—3sc lb. Cabbage—H. G., l'/a@2c lb.; Texas, 4c lb.; red, 32c lb. Carrots—sl.2s bu. Cauliflower—California, [email protected] crate. Celery—California, $6. 8, 9 and 10-doz. crates: Florida. $3 crate. Celery cabbage—s 2 doz. bunches. Cucumbers—lndiana hothouse, $3.75 for box of 1 doz. Eggplant—H. G.. $2.25 doz. Endive—sl.so doz. bunches. Kale—s2.so barrel. Leek—soc bunch. Lettuce —Arizona, head, $4®4.50 per crate: hothouse leaf, $2.55, 15 lbs. Mushrooms —$1.50. 3 lbs. Onions—Spanish. $2.75®3 crate; Indiana white. $3.25 100-lb. bag; Indiana yellow or red, $2.50 cwt. Oysterplant—4sc doz. bunches. Parsley—6oc per doz. bunches; Southern. 90c. Parsnips—sl.so bu. Peas—California telephone, $9 hamper, per. Peppers—Florida mangoes, $6.50 crate. Potatoes —Michigan white. $2.9053. 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, 85c dozen bunches. Rutabagas—sl.7s per cwt. Shallots—6sc doz. bunches. Spinach—Texas. [email protected] bu. Sweet Potatoes diums, $2 bu.; Indiana Jerseys, $3 bu.; Nancy Hall .$1.60 hamper. Tomatoes —Hothouse, $3.50 per 10 lbs.: California. $4.50<45.50. 6-basket crate; Cuban, Mexican, $1.60 hamper. SHUTS DOOR ON LOWDEN Norman Hapgood Says East Will Not Accept Illinois Man. By United Press OMAHA, Feb. I.—Former Governor Frank O. Lowden of Illinois is out of the presidential race, because he is unsatisfactory to the Eastern pow’ers, Norman Hapgood said in a speech here last night. Vice President Dawes or Herbert Hoover will receive the Republican nomination and A1 Smith will be the Democratic nominee, Hapgood predicted.

GRAIN FUTURES ARE FIRMER IN QUIETSESSION Wheat Prices Boosted by Unfavorable Conditions in Southwest. Bp United Press CHICAGO, Feb. I.—All grains were dull, but slightly stronger on the Chicago Board of Trade today. More unfavorable news from the Southwest winter wheat belt boosted prices in that grain, and corn and oats rallied largely on reflected strength. Late in the day wheat was up around % cent; corn and oats were a small fraction higher. Trading was light in all pits. The Southwest continues to report damage to winter wheat fields from cold, dry weather and lack of moisture. This had a bullish effect. Com was very quiet all day, with no news to prompt a decided change. Small export sales were reported, which helped the tone. Oats was dull and without feature. Fundamentally bullish conditions continue to be disregarded, and the market follows other grains. Provisions held fairly steady in a bull market. Chicago Grain Table • Feb. 1— WHEAT— Prev. High. Low. 12:00 close. March 1.30'* 129% 1.30'* 1.30 Mav 1.31 1.30 1.30% 1.30% July 1.28 1.26% 1.27% 1.27% CORN— March 89% .88% .39% .88% Mav 91% .91 .91% .91% July 93% .92% .93% .02% OATS— March s*-’* .54% .54% .54=8 Mav 55% .55% .55% 55% July 51% .51% .51% .51% RYE— March .... 1.03% 1.07% 1.08% 108 Mav 1.09% 108% 1.09'/* 108% July 1.03% 1.03 1.03% 1.03% LARD— March 11.60 11.57 11.62 • May 11.82 11.77 11.80 11.82 July 12.02 12.02 12.05 RIBS - May 11.45 Bp Times Special CHICAGO. Feb. I.—Carlots: Wheat. 11; corn. 444; oats. 50: rye, 2.

In the Sugar Market

(By Thomson & McKinnon I NEW YORK. Feb. I.—The sugar futures market reflects the pressure on the raw sugar market which is incidental to the starting of new crop grinding. There were numerous reports Tuesday of actual transactions at new low prices and an opinion froaently heard is that the price of raws will nettle to 2% cants before a turn for the better comes and In one or two q /arters a 2%-cent market Is considered not improbable In view of the threat of competition of Java with Cuba In the European markets. Llcht has revised his European beet crop estimate downward bv 60.000 tons to 8.068.000 tons. We are likely to encounter unsettled markets for the present, but think late months should be bought on the declines. Bp United Press NEW YORK. Feb. 1. -Raw sugar futures opened unchanged to 2 points higher. March. 2.58; Mav. 2.67; July, 2.76: September. 2.82; December. 2.91.

Local Wagon Wheat

Local irraiii elevators are paving $1.36 for No. 2 red wheat. Other Krades are purchased or. their merits.

Produce Markets

Butter (wholesale price) No. 1, 48® 50c: No. 2. 47&48c lb. Butterfat (buying price*—46<S47c lb. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off. 32<®33c 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; print cream, 38®40c: flat display, 28@30c; Longhorn. 28®29c; New York llmberger, 42® 44c. Poultry (buying prices*—Hens. 21®22c; Leghorn hens. 15'18c; springs. No. 1 soft ment.ed. 20® 22c; Leghorns. 13 <z 15c: ftaggv young springs, 13® 15c; roosters. 10® 12c: leghorn stags. 10® 12c; capons. 8 lbs. and over. 31® 32c; 7 to 8 lbs.. 29® 30c; 6 to 7 lbs.. 25(a27c: under 6 lbs. and slits, 22® 25c: turkeys, young toms. 32c: young hens, 32c: old toms. 23c; old hens. 22c: ducks, 15 ® 17c: geese. 13® 14c; young guineas. 50c; old. 35c. Bdf United Press CLEVELAND. Feb. I.—Butter—Extras in tubs. 49551 c; firsts. 45 3 4®.47 3 4c: seconds. 42 3 ffl’44 3 4C; packing stock. 30®32c. Eggs —Extras. 40c: extra firsts. 39c; firsts. 37’/*c: ordinary, 37c: pullet firsts. 32c. Poultry—Heavy fowls, 27® 29c; medium. 25 ®27c: Leghorns. 20®22c; heavy springers, 28® 29c; Leghorn (springers, 20rd22c; ducks, 22®24c; geese. 18®20c: old cocks, 16® 17c. Potatoes—Round whites, 150-lb. sacks. New York. $3®<3.25; Maine, $3.455i 3.50: Ohios. $3; Michigan. $3.15; Wisconsin, $3; 120-lb. bags. Minnesota, $2.35: 120lb. bags: Idaho Rurals. $2.50; Idaho Bakers, $3.50 per 110-lb. sacks: Florida Triumphs. $2.56 a hamper; Florida Cobblers No. 1, s9® 9.50 a barrel. Marriage Licenses Joseph K. Quatter, 23. of 546 N. Traub, laborer, and Alta A. Eckerty, 21. of 662 N. Traub. Thomas J. Tobin, 23. of 1209 N. New Jersey, clerk, and Gertrude Strange. 24, of 2802 Boulevard PI., nurse. John T. Hause, 21, of 527 Leon, elevator operator, and Almire McKee, 19. of 536 Leon, housekeeper. John J. Spotts. 31, of 5906 E. Washington. insurance claim manager, and Alpha E. Hensley, 28, of 1309 N. Pennsylvania, secretary. Births Boys Edward and Clara Johnston, St. Vincent's Hospital. Robert and Georgia Kennedy, St. Vincent's Hospital. William and Margaret Durkin, St. Vincent's Hospital. Curt and Regina Neldle, St. Vincent's Hospital. Stanley and Mattie King, 739 Va E. Georgia. Andrew and Grace Conrad. 945 English. Girls Jack and Janette Meiksner, St. Vincent's Hospital. • John and Anna Blackwill, St. Vincent’s Hospital. Edward and Anne Adams, St. Vincent’s Hospital. Edward and Louise Hansing, St. Vincent’s Hospital. Charles and Amelia Dare, Bt. Vincent’s H Gorckm and Katherine Dickie, 1211 N. Gale. David and Jewell Hawkins, 217 Gelsend°Ray and Dorothy Hutchison, 1531 MontCa George and Birdie McGuire, 702 Fulton. Fred and Louise Hauk, 1023 Hanna. Bedford and Ethel Ray, 225 S. Keystone. Deaths Nora Mae Thomas, 47. St. Vincent Hospital. chronic myocarditis. Ruth Wimberly. 28 aays, 2009 Highland PL. broncho pneumonia. . „ Hester Ann Lloyd,'6s, Methodist HosPi Ol l i've < r 0U C. S ' Hiatt, 84, 1327 N. Pennsylvania, hypostatic pneumonia. Margaret Sullivan, 61, S. Vincent Hospital, septicaemia. Joe Pryor. BT, 1828 N. Baltimore, acute dilatation of he&rt. Faustina W. Anderson, 28, city hospital, hypostatic pneumonia. Mary C. Healey. 78, 421 N. Noble, acute interstitial nephritis. Cecila Newbold. 78, 520 E. Vermont, chronic myocarditis. Mary J. Collette, 77, 2025 Ruckle, carcinoma. Raymond Ooley, 20, Methodist Hospital, general peritonitis. Charles M. Roth, 55, 2129 Martha, Intestinal obstruction. Catherine Egan. 74, 1829 W. Morris, chronic myocarditis. Eliza Shirley. 30. city hospital, myocarditis. James Kephart, 73, 417 Empire, acute dilatation of heart. Richard Tate, 73, Marion County Construction Company, acute dilatation of heart. Delaware Porter, 49. 722 Daraell, acute

Expert Bidding on Semi-Two-Suit Hand Shown in Bridge Game From WFBM

BRIDGE players who tuned in on the radio bridge game broadcast from Station WFBM, Tuesday nieht under auspices of The Times, heard an expert demonstration of how to bid a semi-two-suited hand to the best advantage. Wilbur M. Whitehead, who was the South player and dealer, held this semi-two-suitor: Spades, A, K, J. * Hearts, Q; Diamonds, 5,3, 2; Clubs, K, Q, J, 10, 9. Either of his long suits. Spades or Clubs, was a sound initial bid. Whitehead correctly bid the Major suit in preference to the Minor, although the Minor was longer and stronger. He said one Spade. J. H. Ballinger of Seattle, West, made a defensive bid of two Diamonds on this hand: Spades, 10, 5; Hearts, 9,6, 5: Diamonds. K, J, 10, 9, 7. 4; Clubs. A, 2. Had Whitehead passed. Ballinger also would have passed, as he lacked the two quick tricks necessary for an opening bid. Mrs. Helen M .Hubbard of San Francisco, North, passed. Her cards were: Spades, Q. 9,4, 2; Hearts, J, 8,7, 2; Diamonds, Q; Clubs, 8,6, 5, 4. With her holding of four Spades headed by a Queen, and a singleton, a raise was .tempting; but as her hand could not take a trick except in the Spade suit with Spades as trump, a first round pass was more conservative and would not mislead her partner. Milton C. Work, East, had support for his partner's Diamonds, but preferred to make a higher valued bid of two Hearts on: Spades, 7. 6,3: Hearts, A, K, 10, 4,3; Diamonds, A. 8,6: Clubs, 7. 3. Whitehead than went to three Clubs. Even had his partner assisted his Spades, and East had overcalled with Hearts. Whitehead would have bid his Club suit in preference to rebidding Spades, to provide his partner with an accurate picture of his holding. His handling of his hand was quite different from that formerly used with two-suiters. The old rule was: Holding a Major and a Minor suit, both sound original bids, bid the Major in preference to the Minor, even though the Minor be both longer and stronger. Asa corollary: If partner assist the suit first bid, continue with that suit without showing the second suit. However the old rule was based upon the assumption that the suit first bid was one of at least five cards; for. formerly, four-card suits were rarely bid initially in preferenc to a longer suit. u tt n MORE recent practice, however, when the hand contains a Major and a Minor, both sound bids, is to bid the Major suit in preference to the Minor, even though the Major ; suit be one of but four cards, and : the Minor one of five or possibly six. This necessitated a modification of the corollary of the old rule given above, as follows: If partner assists the suit first bid, and such suit is | one of but four cards, show the | Minor suit in order to inform partner that the suit first bid is either extremely weak in top honors or one of only four cards. Ballinger, West, after Whitehead s bid of three Clubs, went to three Hearts. Normal length of his Heait i suit, his supporting values in Diamonds and Clubs, and his two doubletons. justified his assist for his partner's Hearts. Mrs. Hubbard, North, then said three Spades. In view of her partner's showing of two suits, Mrs. Hubbard’s hand assumed a different aspect. With either Spades or Clubs as trump her hand should be good for at least three tricks, and since a two-suited hand played with one of the suits as trump may be considered worth a minimum of six tricks, Mrs. Hubbard was fully justified in her bid. Moreover, it requires less strength to raise a partner from two to three than from one to two.

WORK, East, bid four Diamonds. Having shown Hearts on the first round, this bid showed that his Heart suit was not particularly strong and that he could support Diamonds. Thus he painted for his partner a clear picture of his hand. If South passed the Diamond bid, then Work's partner, without increase of contract, could change to Hearts if he considered it the better declaration. Whitehead passed. Although his partner had given him a belated Spade assist, he had too many losing cards to warrant a bid of four Spades. Ballinger also passed. His previous assist of Hearts showed norma! support for that suit, and he interpreted his partner’s return to Diamonds as a clear statement that the hand would play better at Diamonds than at Hearts unless Ballinger held better than normal Heart support. Lacking this better-than-normal Heart support, Ballinger let the four Diamond bid stand. Mrs. Hubbard, North, bid four

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Feb. I.—The 1927 business reaction must have been more severe than many of us imagined, but it didn’t mean a thing to the enthusiastic bulls but as you see it means a great deal when translated into dollars and cents. Only yesterday buyers were still bidding for steel. Now we wonder if they will Jpe willing to follow up their buying this morning. However, these earnings statements represent the past. The big problem today is will buyers in the stock market appear in sufficient number to take the stock from those willing to sell at the higher prices. We doubt it. We believe if the real facts were known that it would appear that the short interest is responsible for many of these periods of strength. When the shorts are eliminated you will find that it is not so easy to dispose of your holdings except at concessions. Therefore we remain of opinion that as one group or another moves forward sharply take profits. IJ you are in doubt about the correctness of this, see the hundreds if issues that have slipped back during the present year and have not yet recovered.

Spades, a second assist which held the bid, making Whitehead the Declarer with his contract four Spades. Ballinger led the 9 of Hearts, the highest of three small cards of his partner’s suit. Mrs. Hubbard spread her hand for Dummy, and Whitehead played from it the 2 of Hearts. Work played the King, and Declarer his singleton Queen. This Queen showed Work that the Declarer could, if he wished, crossruff the hand, since Dummy held a Singleton Queen of Diamonds. With a two-suiter, however, Declarer’s stronger play might be to establish his second suit, Clubs, rather than to force himself with Hearts. In either case, however, the play of the hand must involve the ruffing of Declarer’s losing Diamonds. n u u WORK, therefore, at trick two led a trump, the 3 of Spades, as the best defense against either of Declarer’s probable schemes of play. Whitehead played the King: Ballinger played the 5; Dummy the 2. As Whitehead had to ruff two Diamonds in order to go game, he at once led the 2 of Diamonds to gain an immediate ruffing position. Ballinger played the King; Dummy the Queen; Work the 6. Ballinger, continuing his partner’s tactics, led another trump, the 10 of Spades: Dummy played the 4; Work the 6; and Declarer the Ace. Declarer, next led the 3 of Diamonds; Ballinger played the 4: Dummy trumped with the 9 of Spades: Work false-carded the Ace of Diamonds. Dummy led the 4 of Clubs, since Declarer's object was to ruff Diamonds and establish Clubs, not to double-ruff. Work played the 3 of Clubs: Declarer the 9; Ballinger the Ace. Ballinger led the 6 of Hearts; Dummy played the 7. Work the 10; and Whitehead trumped with the 8 of Spades. Whitehead led the 5 of Diamonds; Ballinger played the 7; Dummy trumped with the Queen of Spades; Work played the 8 of Diamonds. Dummy led the 5 of Clubs; Work played the 7; Declarer the 10, and Ballinger the 2. Declarer then led the Jack of Spades, taking out Work’s last trump, the 7. Ballinger discarded the 9 of Diamonds and Dummy the 6 of Clubs. Trumps having bean exhausted, Whitehead laid down three winning

AMUSEMENTS ENGLISK’S NOW Twice Daily a: 30-8:30 f (£. Last 8 Times 0? Engagement Ends Sat. Xite 3SA7S NOW SELLING SPECTACLE Os fill j^||j ALL SEATS r>cm - a \V RESERVED \ Mats., 30c to sl,lO JE*es. t 50c to $1.05 iy/’*’ J (Tax Included)

Seats Ready Tomorrow ’ Mon., Tups.. Well.—Feb. 6. 7. 8. J MAT. Ti’ED. #ll MRS. FI SHE AND OTIS SKINNER WITH HENRIETTA CROSMAN w IN SMAKESPEAREIS COMEDY I afieMERRy WIVES <fWINDSOR ,/ |g Nite, sl.lO to $3.85 I Mats., SI.IO to $3:30 |

KIITHS -

WEIR’S CARRY ELEPHANTS E ddy Presented . in hy A “HKVUIS Tom Veasey petite” BUD CARLELL “RYKER & MACK “Those Sinning Banjo Girls” Musical Comedy Highlights SIDNEY MARION Assisted by OTTALIE CORDAT —and—- “ Let ’Er Go Gallagher” with Junior Coghlan

sr*' (/?>.>*/> Sr 1 ’ ' T rfj'fyVss't£ DIRECT^from”ROXY, N. Y. Vitaphone Recording Artists ORIGINAL FOUR ARISTOCRATS The Mcßans Hall-Erminie & Brice Edwards & Morris Doran & Soper Bonair Troupe ADDED ATTRACTION THE FOUR FLASHES VaudeTille Starts 3:00,4:20,7:00.9:20

MUTUAL i BURLESQUE THEATRE “STOLEN SWEETS” “BIMDO” BEE DAVIS BELL 77SHARLI ?? See ’Em on the Runway

FEB. I, 1928

Clubs for the last three tricks, giving Declarer game, four-odd, in Spades, with 36 points for tricks and 40 for four honors divided. In the play of this hand, Whttfchead ran two risks; (a) that the last adverse trump would be In the hand with the Ace of Clubs; (b) that the adverse Clubs would prove to be divided 3-1 and that one of his good Clubs would be ruffed; but those chances he had to take.

MOTION PICTURES

“The Shepherd of the Hills by Harold Bell Wright A tremendous tale of LOVE -HATE -PASSION surging along that glamorous trail that is nobody know* how old. On the stage CARLO RESTIVO Accordionist and Whistler Overture “MEDLEY OF POPULAR HITS” ED RESENER, conducting with Fern Van Braner, jazz harpist Lupino Lane Comedy—Circle New*

Circle the Show place ol Indiana

" COMING SATURDAY Warner Brothers Production SEE AND HEAR AL JOLSON I In the Sweetest I Heart-Song! Ever Sung| “The Jazz Singer” I The Greatest I E ntertainer I of Them AU j WITH VITAPHONE

BINMM of the . Giants MILTON > SILLS A Stirring Two-Fisted Drama —Straight from the Mighty Pages of the Peter B. Kyne Story ft highlights! > v.'ith S Charlie Davis J \ Indiana Stag© Band ( * \ JOHN MURRAY ANDERSON | Revue With The FOSTER GIRLS i Maurice—Ko-Ko—New* COMING SATURDAY Emil Mannings I SUPREME AND ■ INCOMPARABLE IN HIS GREATEST ROI.E “THE LAST COMMAND.”

At BAIR'S Theatres Today ST.CLAIR r st w Norman Kerry in “THE IRRESISTIBLE LOVER” ORIENTAL Ted McNamara in “THE GAY RETREAT” STRAND William Boyd in “TWO ARABIAN KNIGHTS”

ife Now Playing ■ John Gilbert Renee Adoree H ■ THE BIG PARADE’ 1 Our Regular Prices Prevail Ej Scheduled Performances ■ '0:00; 12:00; 2:20; 4:40; 7:00; 9:20 ■ I CONNIE tag BAND I

apjiSt& The Great Dramatic Spectacle “CHICAGO AFTER MIDNIGHT” RALPH INCE AND AN ALL-STAR CAST Smith Comedy, Fox News, Abe Farb. Ray Witlings, Emil Seidel's Merrymakers.

“ISLE OF FORGOTTEN WOMEN” With CONWAY TEARLE and DOROTHY SEBASTIAN CHARLIE CHAPLIN In “THE RINK” New Prices: Mat., 15c; Nights, 25c. COLONIAL I c :i',7;