Indianapolis Times, Volume 39, Number 233, Indianapolis, Marion County, 6 February 1928 — Page 10

PAGE 10

STEEL DEMAND BOOSTS PRICES IN ENTIRE LIST Bethlehem Steel Rises More Than 3 Points: Vanadium Soars 7 to New High. Average Stock Prices Average of twenty industrials Saturday was 196,53, up .23. Average of twenty rails was 134.89. on .37. Average of forty bonds was 99.33, up .01. £i y United Press NEW YORK, Feb. 6.—Demand ! for Steel stocks featured the stock market as the new week got under way and the whole list responded to the higher prices in this section. Bethlehem Steel soared 3’s to ells on large transactions, while Vanadium Steel set anew mark at 94'i, up 7 \’i from the last price on Saturday. United States Steel common moved up IVs at 144%. Mining shares were also in urgent demand in several instances. Nevada, Chile and Anaconda were the features in this group, the first rising to anew high for the year at 23%, up 1%. Industrials Up Radio and Montgomery-Ward were strong in the industrial section. Sears-Roebuck also gained. Motor shares strengthened under the lead of General Motors, which moved up % to 13512. Studpbaker equalled its record at 63'i, up 1%. Hudson and Hupp were firmer. Public utilities continued to advance under the lead of Montana Power and Consolidated Gas; oils held about steady; rails were barely steady and quiet. Describing the market, the Wall Strget Journal’s financial review today said: “Action of the market in the > closing hours Saturday helped to j create a wave of optimistic sentiment which carried over into the I new week. What little news there was over the week end was of a j constructive character. The result was a strong opening this morning. Coppers Active Copper shares showed increased activity and advanced consistantly on the supposition that domestic consumers must buy copper in considerable volume in the next week or ten days. This would also bring in some foreign buying, with an increase in the price. Nevada was particularly active. The explanation of this seems to be that interests which were active some time ago in Greene-Cananea, Calumet and Arizona took a position in Nevada between 18 and 20. Banks and Exchange FOREIGN EXCHANGE By United Press NEW YORK, Feb. 6.—Foreign exchange opened steady. Demand sterling. $4.86%; franc'. 3.92%c: lira. 5.28%c; Belga 13.92 c, up .00%; marks, 23.84%c. LIBERTY BONDS Psj United Press NEW YORK. Feb. 6 —Liberty 3%* opened at 101.22. off 2; first 4Vs 103., unchanged; 3d 4'ts 100.13, unchanged; ith 414s 103.22, unchanged. TREASURY STATEMENT By United Press WASHINGTON. Feb. 6—The treasury net balance for Feb. 3. was $108,707,894.35. Customs receipts for this month to Feb. 3, were $4,791,173.10. CLOSE MIAMI BANKS Three Small Florida Institutions Taken Over. Pet United Press NEW YORK, Feb. 6.—Closing of three small Florida banks was reported today in a Miami dispatch to the Dow-Jones financial news service. The dispatch follows, In part: "The Southern Bank & Trust Cos. has been taken over by State Comptroller Amos at the request of president Lummus who says that the action is due to anonymous letters which have been circulated among depositors advising withdrawal of deposits. “President Lummus says that the bank has not borrowed money and that all of the bank’s assets except those required by law to protect public and trust funds are available for prompt payment to de* positors.” The other institutions named were Citizens Bank of Miami and the Bank of Allapatah, which “have closed their doors and are in the hands of the comptroller.’’ In the Stock Market (By Thomson A McKinnon) NEW YORK, Feb. 6.—Sunday and again this morning New York weather was worthy of Florida and California sunshine and just crisp enough to make people feel peppy and we imagine they will be down later ready to forget Saturday’s bank statement and think only of the short covering that took place during the later trading on Saturday, which gave the market a pretty good look. And since Federal Reserve officials did not work Sunday, we have no rediscount rates to report this morning so we would not be surprised if our friends when they do get down will not start in vociferously bidding for good sized blocks of their favorite stocks. Os course that doesn't mean that they want the stock because you know when they really want .to buy they don’t advertise it. They go about it quietly. However, this helps to keep up interest, but I’d rather keep in mind that we have lost a great friend when the reserve banks turned against us, and so I would like to repeat, word for word, what one old trader told his younger friend the other day, “the next time they bulge them hand them some.” Local Wagon Wheat Local grain elevators are paying $1.37 for No. 2 red wheat. Other grades are purchased ou their merits.

New York Stocks (By Thomson & McKinnon)

—Feb. 6 Prey. Railroads— High. Low. 12:00. close. Atchison -186% 186% 186% 187 At Coast Line... 181% ... 181 181% Balt <fc Ohio ...112 111 112 111% Canadian Pac ..204% ... 203% 204 Chesa & 0hi0... 193 ... 193 192% Chi & Alton 6% Chi & West 82% ... 82% 82% Chi Grt West 10% C R I & P 108% ... 108% 108 Del & Hudson .169 ... 166% 169 Del & Lacks ... ... 132% Erie 53% 53% 53% 53% Erie Ist pfd ... . . 88% Grt Nor pfd ... 94 ... 94 94 111 Central 138% ... 133 138 Lehigh Valiev .. 90% ... 89% 89 Kan City South. 55 ... 54 54 Lou & Nash ...147 ... 147 148 MK & T 35% ... 35% 35% Mo Pac pfd 108% ... 107% 107 N Y Central 158% 158 158% 158% NY C & St L 131 ... 131 130% NY NH & H 66% 66 66% 66% Nor Pacific 94 ... 93% 93% Norfolk & 'West. 183% ... 183% 183 Pere Maiq ~ 127 Pennsylvania .. 63% ... 63% 64 P & W Va 134 ... 134 134% Reading 98 97% 98 97% Southern Ry ..142% 142% 142% 142% Southern Pac .. .119 118% 119 119 St Paul 17% 16% 17% 16% St Paul pfd 31% 31 31% 30% StLASW..., 72% ... 71% 71% St L & S F 11l ... 11l 111% Texas & Pac ...117 ... 117 117 Union Pacific ..187% 187% 187% 187% West Maryland.. 41% 40% 41% 40% Wabash 59% ... 58% 58% Wabash pfd 91% Rubbers— Ajax 13 12% 12% 12% Fisk 16% ... 16% 16' ■ Goodrich 94% ... 93% 93% Goodyear 69 % 68 69 67 % Kelly-Spgfld .... 23% 23% 23% 23% Lee 21 ... 20% 20% United States .. 59% 58% 581% 587a Equipments— Am Car & Fdv.,109 108 109 108 Am locomotive .112% ... 112 111% Am Steel Fd 64% 6374 64% 63 Baldwin Loco 248 General Elec ...1297s 129 129% 129'% Gen Ry Signal . .113% 111% 112 113 Lima Loco .... 607a ... 607a 59% N Y Airbrake .. 45 ... 45 45% Pressed Stl Car.. 23% ... 23% 24 Pullman 82% 82% 82% 82% Westingh Air B. 53% 53% 53% 53 Westingh Elec. 953 g 95 95% 947* Steel*— Bethlehem .... 62 59 61% 5834 Colorado Fuel.. 81% 79% 81 79% Crucible 91 8934 90 8974 Gulf States Stl. 54% 53 54% 53 Inland Steel ... 54% 53 547* 5734 Phil R C & 1.. 32 32 32 33 Rep Iron & Stl. 67 64% 67 63% Sloss-Sheff 134 129% 134 129 U S Steel 144% 143% 144 143% Alloy 31 % 30% 31% 30 Youngstown Stl 100% 99% 1003s 99*4 Vanadium Corp. 947-2 8974 9474 87 Motors— Am Bosch Mag. 18% ... 18% 1834 Chandler 16% ... 163* 16 Chrysler Corp.. 58 5774 5774 57% Conti Motors.. 11 10% 1? 1034 Dodge Bros 2% 197* 20% 19% Gabriel Snbbrs. 22% 27 7$ 22 22 General Motors. 135% 135 135% 134% Hudson 85% 84% 85% 84% Hupp 39% 3874 38% 3874 Jordan 1074 10 1 074 1 0 Mack Trucks ..10234 1 0274 1 02% 101% Martin-Parry... 13% 13% 1334 13 Moon 534 ... 5% 5% Motor Wheel ... 26 ... 25% 26 Nash 8674 ... 8674 86% Packard 5974 5974 5934 594* Peerless. 17 ... 17 163* Pierce Arrow iosZ Studebaker Cor.. 64% 6274 64 61% Stew Warner .. 81% ... 81% 81% Stromberg Carb. 5174 ... 5174 52 Timken Bear 12674 12574 126 125% Wi lys-Overland. 19 18% 19 1874 Yellow Coach.. 3474 33% 84 33% ! White Motor... 34 34 3 4 34 % 34% ( Mining— Am Smlt & Rfg.l7s 17474 174% 17374 Anaconda Cop... 573* 57 5s Calumet & Ariz.lo6 105' 106 103% Cerro de Pasco.. 64% ... 54 64% Chile Copper.. 41% 41 41% 40% Greene Can Cop 139% 138% 139 138 Inspiration Cop. 19% ... 19.1/. iqi/Int Nickel .... 97% fl% p 6lj 95,/ Kennecott Cop.. 84% 83 84 8274 Magma Cop 49s£ Miami Copper.. 1934 ... mi I*% Sul. 73 72% 72% }?.- u s Smelt 41% ... 41% 41 Oils— Cal Petrol ..... 25% . . 25% 251$ Freeport-Texas.. 97% 96% 97 ” ogi? Houston Oil ....142 hi j-o' 3 Indp Oil & Gas 251-'-Marland Oil .... 3574 35 7* Mid-Cont Petrol .. . 39 251? Lago OH & Tr ,2,? Pan-Am Pet 8.. 4234 *2% '42U Ji’ Phillips Petrol.. 40% ... 391* “sPro & Rfgrs.... 22% ... 2234 32% Union of Cal... 43'% ... 431? A Pure Oil 21 20% 21 203/ Royal Dutch.... 46% , 4*l/. *2,? Shell 2474 24% 24 Simms Petrol 21% 2i% 21% onst Sinclair Oil .... ig% Jg.J 18% la Skelly Oil ..... 1 18 3 AS,, sw ou cai 54% ::: ’54% Std OU N J..., 39% ; 39% *9'* Std Oil N Y... 29% 29% 29% Texas Corp 52% 62% 52% 52 >? Transcont! .... 874 . si* White Eagle .... 32 ... 23 ... Industrials— Adv Rumely J 2% Allis Chalmers “ 12Allied Chemical. 15574 ... 155 15414 Armour A 13% 13% 1374 13% A me r Can 76% 75% 78 75% Am Hide Lea.... 1474 1 374 1 4 1374 Am H L pfd... 64% ... 62 62 Am linseed 73*4 7274 72% 71% Am Safety Raz.. 5674 ... SVI 56% Am Ice 3374 ... 33% 323* Am Wool 23 22% 22% 22% £oca Cola 13374 13234 133% 132% , Conti Can 89% ... 8834 88'4 Certainteed .... .. ... . 595-. Congoleum .>... 24=4 ... 24% 24% Davison Chem... $2% ... 427: 413/! Dupont 313% ... 313% 313% Famous Players. 113% 112% Gen Asphalt.... 82% * 81 82 82 Int Bus Mch....137=4 ... 137% 13834 Int Cm Engr... 5274 51 5134 50% Int Paper 7114 Int Harvester ..232 ... 232 23174 Lambert 84 Loews 60% 60 60*4 59% May Stores 8274 81% 82 82 Montgom Ward .13174 129% 131 12874 Natl Lead 134% ... 134% 13474 Pittsburgh Coal. 4374 ... 43 % 4334 Owen Bottle 771,4 Radio Corp ....10174 9934 100% 9974 Real Silk 27’* ... 2674 25% Rem Rand 30 29% 30 29 Sears-Roebuck... 84% 83% 8374 8374 Union Carbide ..141% 14174 14174 13974 United Drug ...19774 ... 197% 19674 Umv Pipe 33% U H Cs Ir Pipe 508 IT S Indus Alco 110 10774 110 107% Worthington Pu ... ... 31 Woolworth Cos.. 18474 18374 18434 183 Utilities— Am Tel & Te1...17974 1T 179 179% Am Express 180'4 Am Wat Wks... 56 ... 56 657a Brklyn-Manh T.. 5934 ... 59 59 Col O& E 94% 947i 94% 93% Consol Gas 129% 128 129 128=4 Elec Pow & Lt.. 32% ... 32% 32% Interboro 3734 ... 37 % 37% Nor Am Cos 60% 60% 60% 6074 Man Elec Ry 44=4 Peonies Gas ...18674 1 82% 185 182% Phita Cos ... 183 Std Gas A El.. 6274 62% 6274 6274 Utilities Power. . 30 ... 30 30 West Union Tel 170 15974 170 17174 Shipping— Am Inti Corp.... 80 79% 80 78% Am Shin A Com 474 ... 474 4% Atl Gulf *W I. 42% 41% 4274 41% Inti Mer M pfd.. 38% 3734 38 3774 United Fruit ..138 13774 138 137% Foods— Am Sugar Rfg... 73 7234 73 72 Am Beet Sugar.. 17 ... 17 1674 Austin Nichols ..5 ... 5 5 Beechnut Pkg 7774 California Pkg 74% Corn Products .. 69% 69 6974 68% Cuba Cane Su p 277 4 3774 3774 2J" Cuban Am Sue 20% Fleischmann Cos. 717* 71 7174 71% Jewel Tea 88 Jones Bros Tea 36% 36 3634 3334 Natl Biscuit ....174% ... 174 74 175 Punta Alegre .. 31 31 30 Postum Cos 12534 12474 125 126 Ward Baking B. 27 74 ... 37 74 27 Tobaceos— Am Sumatra ... 6074 60 6074 59% Am Tobacco 167 Am Tob B 1657 ... 167 167 Con Cigars ... 82 General Cigar.. 73 72% 7274 72 Lig A Myers , .... 112% Lortllard 39 74 38 % 38% 37% R J Reynolds ..1523* ... 152 153 Tob Products B 105% ... 10574 106 United Cigar St .. ... ... 21% Schulte Ret Strs 527* ... 527* 517* In the Cotton Market (By Thomson As McKinnon) NEW YORK. Feb. B.—So much cotton is wanted on the basis of 17 cents In New York that a trader is fully justified In buying at least a part of his line a little above that price. Without being fully posted as yet. Judging from what I sec in the papers and the early Liverpool cables, western rains did not amount to much. Pu United Press NEW YORK, Feb. 6.—Cotton futures opened higher. March 17.09. up .12: May 17.26. up .12; July 17.30. up .08; October 17.10, up .09; December 17.12, up .13; January 17.13, up .14. Receiver Buys Newspaper Bu . imes Snecial GREENSBURG, Ind., Feb. o. Announcement is made of the purchase of the Greensburg Democrat Company, publishing the Greensburg Evening Times, by Anderson Ketchum, who has been acting as receiver for the company.

SOME HOGS 60 LOWER DESPITE LIGHTRECEIPTS Best Porkers $8.55; Vealers Drop 50 Cents; Chicago Gets 95,000 Hogs. —Hog Price Range— Jan. Bulk. Top. Receipts. 30. 8.50® 8.75 8.75 6,500 31. 8.60 ft! 8.85 8.85 1 0.000 Feb. 1. 8.50® 8.75 8.75 13,000 2. 8.5047 8.75 8.85 10.000 3. 8.25® 8.65 8.65 11.000 4. 8.2544 8.60 8.6.4 4,500 6. 8.25® 8.55 8.55 5,500 Although receipts were light at 5,500 the market was steady to weak in the hog division at the Union Stockyards today. The top was down 10 cents on the hundredweight to $0.55. Calves were mostly 50 cents lower and other livestock was generally steady on the local market. Approximately 95,000 hogs were received at Chicago and this enormous figure tended to bring the market down 15 to 25 cents in a slow opening. The best early bid for 170 to 200-pound averages was SB.IO. Hog Price Range Heavy meat animals, which have been selling lower than lighter material, were up 5 cents at $8 @8.30, while the remainder <Jf the classes were steady to lower. Material weighing 200-250 pounds sold at $8.25 @8.45, off 10 cents on the top. Light weights, 130-200 pounds, were down 10 cents, selling at [email protected]. Light lights, 130-160 pounds, sold at [email protected], off 10 cents on the top. Pigs and packing sows were unchanged, the former bringing $6.50 @7.75 and the latter [email protected]. Cattle were mostly steady, with 700 animals received. Beef steers sold at $11.25® 13.50 and cows brought $7 @10.25. Low cutter and cutter cows were [email protected] and bulk stock and feeder steers brought $7.50@9. Calves Lower Best vealers were down 50 cents at sl6 @l7 and heavy calves were unchanged at $6.50@ 10.50. Receipts were estimated at 300. The sheep and lamb market remained unchanged, holding steady with the higher prices that came last week. The top was sls and bulk fat lambs sold at sl4 up. Bulk culls were $7.50@11 and fat ewes [email protected]. About 300 were received. Receipts, 5,500; market steady to lower. 250-350 lbs. .'. sß.oo® 8.30 200-250 lbs 8.25 ft 8.45 160-200 lbs 8.40® 8 55 130-160 lbs 8 00! 8.25 90-130 lbs 6.50® 7.75-' Packing sows ... 6.50® 7.25 —Cattle— Receipts, 700; market, 6teady. Beef steers $11.25013.50 Beef cows 7.000 10.23 Low cutters and cutter cows.. 5.50® 6.75 Bulk stocker and feeder steers 7.50® 9.00 •—Calves — Receipts. 300: market, lower. Best vealers $16.00®17.00 Heavy calves 6.50® 10.50 —Sheep and Lambs— Receipts. 300; market steady. Top fat lambs $15.00 Bulk fat lambs $14.00 0 15.00 Bulk cull lambs 7.50011.00 Fat ewes 5.75® 8.50 Other Livestock By United Press CLEVELAND. Feb. 6.—Hogs—Receipts. 6.000: market. 10®25c down: 250-350 lbs.. $808.33; 200-250 lbs.. $8.3508.60; 160-200 lbs., $8.6008.75; 130-160 lbs.. $808.75; 90130 lbs., $7.75®8; packing sows, $7®7.75. Cattle—Receipts. 1,000; calves, receipts. 650; market steers weak, 25c down; beef steers, $11012.25; beef cows. *7@9: low cutter and cutter cows. ss®6; vealers. $14.50017.50. Sheep—Receipts. 2,700: market lambs, 25c up; top fat lambs. $15.50; bulk fat lambs, $15015.50; bulk cull lambs. $11.50@13; bulk fat ewes, $5.5007.50. By United Press EAST BUFFALO. Feb. Hogs—Receipts. 14.500; holdovers. 1,060: market. 15 ®3sc lower: 250-350 lbs.. $808.60; 200-250 lbs.. $8.5008.75; 160-200 lbs.. $8.65 0 8.85: 130-160 lbs.. $8.5008.75: 90-130 lbs., sß® 8.50; packing sows, $707.50. Cattle—Reoepits. 2,000; calves, receipts, 1,800; market steadv to 50c down: calves, steady; beef steers, $12014.50: light yearling steers and heifers, $12®13.50; beef cows, $6.50# 9: low cutter and cutter cows. $4.50® 6.50: vealers. $17017.50. Sheep—Receipts, 7,500: market, steady to 25c up: bulk fat lambs. $15.50: bulk cull lambs, [email protected]; bulk fat ewes, $7.50®8.50. By United Press FT. WAYNE. Ind.. Feb. Hogs—Receipts. 800; market, steady to 25c lower; 180-210 lbs.. $8.15: 210-250 lbs.. $8; 250300 lbs., $7.85 : 300-350 lbs.. $7.65; 160-180 lbs.. $8: 140-160 lbs.. $7.75; 110-140 lbs.. $7.25: 90-110 lbs., $7: roughs. $506.50; stags. s4®s. Calves—Receipts. 150; market, sl6 down. Sheep—Receipts, 300; market, lambs, sl3 down. By Times Special LOUISVILLE. Feb. Hogs—Receipts, 2,000; market. 25c lower; 250 lbs., up $7.65: 175-250 lbs., $8.25; 130-175 lbs., $7.30: roughs. $6.10; stags, $5.35. CattleReceipts. 1.400; market, 25c lower. Calves—Receipts. 900; market, steady; good to choice, $13015; medium to good sll® 13: outs, sll down. Sheep—Receipts. 50; market, steady to 50c higher: top lamb3. $12.50ft13; seconds. $709; sheep. s4®6. Saturday’s and Sunday’s shipments Cattle. 194; calves, 693; hogs. 479; sheep, none. By United Pnss PITTSBURGH. Feb. 6.—Hogs—Receipts, 2,200; market. 250 30c down; 250-350 lbs., $8.2508.50: 200-250 lbs.. $8.5008.85; 160200 lbs., [email protected]: 130-160 1b5.,'58.25® 8.85: 90-130 ibs.. $7.7508.25: packing sows, $6.75(5)7.35. Cattle—Receipts. 700; calves, receipts, 800; market, steady; calves, steady; beef steers, $11.75014.35: light yearling steers and heifers. sll® 13; beef cows, $7.5009.75: low cutter arid cutter cows. $4.50®6.25: vealers, $15(5:17.50; heavy calves. $7014.50. Sheep—Receipts, 2.300; market, strong to 25c up; top fat lambs. $15.50: bulk fat lambs. $14.50® 15.25; bulk cull lambs, $11.50013. Produce Markets Butter (wholesale price)—No. 1, 49® 50c; No. 2. 47c lb. Butterfat (buying price)—46o 47c lb. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off, 28@30c doz. Cheese (wholesale selling prices, per poundl—American loaf, 35®38e; pimento loaf. 38®40c; brick loaf. 35@38c; Swiss No. 1. 42044 - imported Swi6s, 52c; Wisconsin flat, mild and sharp, 32@34c; print cream. 38®40c; flat display, 28@30c; Longhorn, 28®29c; New York limberger, 42® 44c. Poultry (buying prices)—Hens. 21®22c; Leghorn hens. 15 Ml Sc; springs, No. 1 soft meated, 20@22c: Leghorns, 13® 15c; stagey young springs, 13®15c; roosters, 10012 c; Leghorn stags. 10®12c; capons, 8 lbs. and over, 31032 c; 7 to 8 lbs., 29®30c; 6 to 7 lbs., 25 0 27c; under 6 lbs. and slits, 22 8 25c; turkeys, young toms. 32c: young hen/. 32c: old toms, 23c; old hens, 22c; ducks, 15 Sl7c: geese, 13@14c; young guineas. 40c; and, 35c. By United Press CLEVELAND. Feb. 6.—Butter—Extras in tub lots, 49051 c; firsts, 45%@47%c; seconds. 42%®44%e: packing stock, 30®32c. Eggs—Extras. 38c; extra firsts, 37c; firsts. 35%c; ordinary, 34%c. Poultry—Heavy fowls, 27@28c; medium, 25®26c; Leghorns. 20(522c; heavy springers. 270 28c; Leghorn springers, 20%M21c; ducks. 230 25c; geese. 20022 c; old cocks, 16@17c. Potatoes—Round whites. 150-lb. sacks, New York, $3®3.25; Maine, [email protected]; Ohio, $2.85®3; Michigan, $3®3.15; Wisconsin. $2.8503: 120-lb. bags, Minnesota, $2.40® 2.50; Maine. $2.8503: Idaho rurals, $2.50; 110-lb. sacks. Bakers, $3.50; home grown bushels. $1.35®1.40; Florida cobblers No. 1, $7.50@8 per barrel. While a yellow fringe on official flag is customary, there is no law forbidding or requiring it.

THE INDIANAPOLIS TIMES

In the Sugar Market

(By Thomson & McKinnon) NEW YORK. Feb. 6.—There seems to be a tendency on both sides to await new developments and at present values sentiment seems to be divided. It is thought in some quarters that the market has discounted many of the varied features while further advices relative to the action of the export committee in Cuba as well as the attitude of buyers in Europe are awaited with interest. There is a possibility that the March liquidation may cause some further unsettlement of the near position but we look for Improvement In the later deliveries. By United Press NEW YORK. Feb. 6.—Sugar futures opened unchanged to 2 points higher. March, 2.55: Mav. 2.64; July. 2.73; September. 2.83: December, 2.80; January, 2.87. KAHN TAILORING SHOWSBIG GAIN Better Sales Methods Bring 15 Per Cent Increase. A revision of selling methods accounts for a 15 per cent gain recorded in January in the business of the Kahn Tailoring Company, manufacturers of men’s made-to-measure clothing, with distribution throughout the United States as well as in other countries, according to Mortimer C. Furscott, vice president and treasurer of the company. The cultivation of the human factor in business has been the keynote of the changes in sales policy. “While the country has seen signal changes in manufacturing and distribution methods, it is our conviction that sales will always depend on dealer contact with the consuming public—on the cultivation of the human factor in business,” Furscott said. The company has 3,000 dealer outlets in the United States, with representation in every State. Asa step toward larger volume, a staff of fifty expert salesmen and merchandising specialists has been organized to visit dealers and help them develop and expand sales possibilities. “Individual ingenuity and foresight in meeting or anticipating changes in economic processes will have much to do with the future of American manufacture and distribution,” Furscott said. “Such change of selling policy as we have made in recent months places increased emphasis upon our recognition of the basic importance of the retailer.” The Kahn Company maintains six retail stores. Besides the one in Indianapolis and two in Detroit, it has stores in Cleveland and Dayton, Ohio, and Louisville, Ky. Indianapolis Stocks —Feb. 6 B:d. Ask. Amer Central Life 500 Amer Cresoting Cos pfd 104% ... Belt R R coni 67 3 4 69 Belt R R pfd 80 Cent Ind Power Cos pfd 95% ... Cities Service Cos com 55 Cities Service Cos pfd 95 Citizens Gas Cos com 56% 57% Citizens Gas Cos pfd 107 ... Commonwealth Loan Cos pfd..loo Equitable Securities Cos com ... Hook Drug com 30% ... Indiana Hotel com (Claypool). .125 ... Indiana Hotel pfd 101% ... Indiana Service Cerp pfa 89 Indianapolis Gas com 61% 64 Indpls Northwestern pfd Indpls P & L 6%s pfd 105 10(i% Indpls P & L 7s 100% 102% Indpls Pub Wei Ln Ass’n.... 47% ... Indianapolis St Ry pfd 35 36% Indpls Water Cos pfd 103% Indpls Water Wks Sec Cos 105 Interstate P S pr Hen pfd.... 104 Interstate P S 6s pfd 84 Merchants Pub Until pfd 101 North Ind Pub Service pfd... 102 103 Progress Laundry com 26% ... Rauh Fertilizer pfd 50 THlftt com 1 T H I & E pfd 16 T H Trac and Lt Cos pfd 92 Union Trac of Ind com % Union Trac of Ind Ist pfd 1 Union Trac of Ind 2d pfd % Union Title Cos com 85 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 130 ... City Trust Cos 140 ... Continental National 121 ... Farmers Trust Cos 246 ... Fidelity Trust Cos 170 ... Fletcher American 179 Fletcher Sav and Trust Cos 295 Indiana National Bank 263 255 Indiana Trust-Co 240 Livestock Ex Bank 162 Marlon 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 C0....162 Bonds Belt R R and Stockyards 45.. 92 Broad Ripple 5s 31 82% Central Indiana Gas 6s 98 Cent Ind Power Cos 6s 104 Chi S Bend & N Ind 5s 15 Citizens Gas Cos 5s 105 108 Citizens St R R 5s 88 89 Gary St Ry 5s 9g 91% Home T&Tof Ft Wayne 6s. .103% ... 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 99% Indpls Gas Cos 5s ~..102 104 Indpls & Martinsville 6s 75 Indpls Northern 5s 12% 17 Indpls & Northwestern 5s .... 75 Indpls Power and Lt Cos 5s 100% 101 Indpls St Ry 4s 67 63 Indpls Trac and Term 5s ... 96’;; 97 Indpls Union Ry 5s 102% ... Indpls Water &%s 104!* 100% Indpls Water Ist 5s 100 Indpls Water 4%s\. 98 . Indpls Water Wk Sec Cos 65... 1021.'* ... Interstate Pub S 6s 104 ... Interstate Pub £ Bs 6%s 105% ... N Ind Pub Serv Cos 5s 100 T H I & E 5s 16 T H Tree and Light 5s 95 Union Trac of Ind 6s 12 16 •Ex-dlvidend —Liberty Bonds— Liberty Loan Ist 3%s 101.66 101.82 Liberty Lo3n Ist 4%s 103.00 103.16 Liberty Loan 3d 4%s 100.40 100.56 Liberty Loan 4th 4',4S 103.70 103.86 U S Treasury 4%s 114.92 115.08 U S Treasury 4s 109.92 110.08 U S Treasury 3%s 107.08 107.22 U S Treasury 3'is 100.00 100.20 U S Treasury 3%s 102.30 102.46 BOGUS AGENTS AT WORK Warning to State Highway Employes Is Issued. Warning against bogus labor union agents and magazine solicitors, was issued today to all State highway employes by A. H. Hinkle, State highway department maintenance superintendent. Men purporting to t>e agents of a labor union of highway workers are attempting to collect $5 for dues in a mythical union. The magazine solicitors declare that workers who subscribe will get promotions. Pingpong Comes Back Bir Times Svecial WABASH. Ind., Feb. 6.—Pingpong, a popular game twenty-five years ago, has been revived by employes of a large manufacturing company here. A tournament has been arranged in which both singles and teams will be entered.

RAINS WEAKEN WHEAT;OTHER GRAINUOWER Corn and Oats Depressed in Sympathy With Major Grain Decline. Fy United Press CHICAGO, Feb. 6. —Rains over the Southwest winter wheat areas weakened wheat and depressed other grains in sympathy during today’s session on the Chicago Board of Trade. Late in the day wheat was around lc lower. Corn. ’:C or more lower, and oats, off about U to s vc. The first general rains for many weeks struck the winter wheat fields, which have been in dnager from excessiveness dryness. Import news aided in sending wheat down. No export business was reported. The undertone in corn was firm on warm, wet belt weather, tending to hinder marketing. The weakness in wheat, however, broke the corn market around mid-session, and all futures declined fractionally. Oats were very dull and showed no signs of independent activity. Prices followed other grains all day. Provisions worked lower. Chicago Grain Table - Feb. 6 WHEAT—- Prev. Hisrh. Low. 12:00 close. March 1 28% 128 128 129 May 128% 128% 128% 129% Julv 1.26% 1 26% 1.26 s * 1.27% CORN - March 89% .88% .88% .89 May 91 % .91 .91% .91% Julv "3% .92% 92% .93 OATSMarch 54% 54% .54% .54% Mey 55% .55 .55 .55% Julv 51% .51% .51% .51 % RYE— March 1.07 . 1.06% 1.07% May 108% 1.07 1.07 1 03V* Julv 1.02% ... 1.01% 1.02 LARD— March 11.00 11.00 11.12 Mav 11 25 11.05 11.22 11.35 Julv 11.47 11.30 11.47 11.57 RIBS - May 10.70 .... 10 70 11.00 July 10.95 .... 10.95 11 20 /?>/ Times Speriat CHICAGO. Feb 6—Carlots: Wheat. 10; corn. 397: oats, 72; rye, 2. Commission Row PRICE TO RETAILERS FRUITS Apples—F2!icv barrel epple'. seasonable varieties. $7.5009; barrel apples, $6.50 09: fancy basket apples, seasonable varieties. $2.2503.25 for 40 lbs.: choice box apples, seasonable varieties. $3.2504.75. Cranberries--$7.50 quarter barrel. Grapefruit—Florida. *3.50ft6 crate. Grapes—California Emperors. $5 keg: California Malagas. $9 per keg. Kumquats—Florida, 20c quart. Lemons—California. $6.500 9 25 crate. Limes—Jamaica. $3 per 100. Oranges—California navels. $4.2506.50 crate: Florida. $4.75®5 75 crate. Pears—Washington D’Anious. $6 box. Washington D'Anious. $6.50 ner hox Strawberries- Florida, $1.1001.15 quart.. Tangerines—Florida. $3.7504.25 a crate. VEGETABLES Artichokes—California. $2.25 n->- dozen Beans—Southern, s7.soft 8 hamper. Beets—sl.2s bu. Brussels sprouts—3sc lb. Cabbage—H. G„ !%®2c lb.; Texas, 4c lb.: red. 32c lb. Carrots—sl.2s bu. Cauliflower—California. 2 02.25 crate. Celery—California. $6. 8. 9 and 10-doz. crates; Florida. $3.50 crate. Celery cabbage—s 2 doe. bunches. Cucumbers—lndiana hothouse. $3.75 for box of 1 doz. Eggplant—H. 0.. $2.25 doz. Endive—sl.so doz. bunches. Kale—s2.so barrel. Leek—soc bunch. Lettuce—Arizona. head. $404.50 per crate: hothouse leaf, 12.55. 15 lbs. Mushrooms—sl.so. 3 lbs Onions— Spanish. $2.7503 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. $7.50 crate. Potatoes—Michigan white. $2.90@3. 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. Rut°bflgas—sl.7s per ea t. Shallots—Bsc doz. bunches. Spinach—Texas. S2O 2 50 bu. Sweet Potatoes diums. $2 bu.; Indiana Jerseys. $3 bu.; Nancy Hall .$1.60 hamper. Tomatoes—Hothouse. $3.50 per 10 lbs.: California. $4.500,3.50. 6-basket crate; Cuban. Mexican, SI,CO hamper. MISCELLANEOUS Cider—s4.so. 6-gal. case; $4.73 doz. %- gal. Jars. > Cocoanuts—sß per 100. Garlic—2oc per lb. Ovsters—Standards, $2.50 gal. Sauerkraut—sl2.so. 45-gal. bbl. Births Twins John and Mildred Hopper, city hospital, girls. • Boys Arthur and Teddy Moore. 553 Goodlet. Russell and Ethel Hipepnsteel, Coleman Hospital. Thurman and Ruby Rice, Coleman Hospital. Shirley and Demmie Dillon, 730 Grove. Orual and Edith Kelley, Methodist Hospital. Harry and Fanny Bluestein, Methodist Hospital. Elijah and Birdie Miles. 2315 Jackson. Claudes and Dora Graham, 4720 E. Sixteenth. Earl and Twelzie Biggerstaff, city hospital. Bruce and Gladys Stevenson, city hospital. Roland Viola Paicely. city hospital. John and Sesolle Faulk, city hospital. William and Mildred McCurdy, city hospital. .Everett and Mary Parks, city hospital. John and Hattie Matthews, city hospital. Algia and Georgia Green .city hospital. Walter and Jeanette Edwards. 329 N. Pine. Beniamin and Henrietta Biddle. 327 N. Oxford. Girl* Fmery and Nora Hommel, 1702 Linden. Harvey and Rose Allen, Coleman Hospital. Milton and Marie Russel. Coleman Hospital. William and Wilma Frink, Coleman Hospital. Lewis and Edith Barth, Methodist HosDitel. Charles and Juhar Jernukian. Methodist Hospital. Fred and Grace Kuhn, Methodist HosPi Mannie and Marie Furgcson, Methodist Hospital. Harvey and Mary Warnner. 826 N. Emerson. .. . ... Robert and A’.ma Brown, city hospital. Oliver and Anna Glaze'orooks, city hosP *Tjlther and Elizabeth Blair, city hosP Torrence and Gladys Mook, city hospital. Eugene and Elizabeth Cox. city hospital. Deaths Billie Leatherman. 1, 1314 Lawton, broncho pneumonia. Peter Ransdell. 83. 47 N. Tacoma, cardio vascular renal disease. Angeline West. 74, city hospital, angina Robbins. 81, Methodist Hospital, carcinoma. _ . ... Ella Lydia Grove, 42, city hospital, carcinoma. David Preston Hay, 39, Christian Hospital. uremia. . .. . , Donald Lee McAvoy, 4 months, •tiley Hospital, marasmus. m Mary A. Manley. 33, 617 N. Tacoma, peritonitis. Lizzie A. Berkey, 71. Methodist Hospital, chronic interstitial nephritis. Lucinda Downs. 82, 3032 Central, cardiac dllatatloh. Frances Avery, 32, Methodist Hospital, Fred Harris. 8 months. 1007 N. Pershing, broncho pneumonia. Anna Mosley, 57. 1020 Tuxedo, lobar pneumonia. Martha Elizabeth Kashner, 14 days, St. Vincent Hospital, meningitis. Hugh Lorn M'syers, 19, 542 N. La Salle, lobar pneumonia. James W. Plummer, 67, Methodist Hospital. acldental. Marv Jane Steel, 75, 2102 Eastern, chronic myocarditis.

Here Is First Chance to \ ■ Win Subtitle Race Prize

- * V 4 ';' 4 * * .

Clew—This scene shows Cyrus Townsend and his daughter. Alice, in a heated discussion relative to lier suitor, in “The Gorilla.”

Just Pick Snappy Heading and You'll Get Award in ‘Gorilla’ Conest. Here is the opening opportunity to win prizes in the “Gorilla Title Contest,” to continue for six days. Each day for five days The Times will publish a reproduction of a scene from the First National picture, “The Gorilla.” opening at the Indiana Theater Feb. 11 for a week's engagement. We have given a short description of the action surrounding this scene. Merely visualize it on the screen and think of some subtitle that might give a laugh or even a tear, during the sequence. All a contestant has to do is give a snappy and amusing subtitle for this scene. Needn’t Be Professional Professional subtitles really do not have the opportunity that the con-

n

Gorilla Title Contest Subtitle

Name Address City Mail or bring subtitles for each day's contest to “Gorilla” Editor, Indianapolis Times

City News Told Briefly

TUESDAY EVENTS Sons of the Revolution luncheon, Splnk-Arms. Rotarv Club luncheon. Claypool. Gyro Club luncheon. Splnk-Arms. Universitv of Michigan Alumni luncheon. Lincoln. Purchasing Agents’ Association luncheon. Severln. Mercator Club luncheon. Splnk-Arms. American Chemical Society luncheon, Chamber of Commerce. Universal Club luncheon, Columbia Club. Phi Gamma Delta luncheon. Chamber of Commerce. . _ . . Indianapolis Medical Society dinner. Chamber of Commerce, 6:30 p. m. C. N. Williams, president of the Farmers Trust Company of Indianapolis. will speak at the Indianapolis Real Estate Board luncheon at the Chamber of Commerce Thursday. He will discuss the condition and possibilities of farm properties. Old spirituals and other forms of Negro music will be sung by a chorus of 150 at Mt. Paran Baptist Church, Twelfth and Missouri Sts., Tuesday night as part of a nationwide observance of Negro History week. H. B. P: Johnson will direct the singers. He is director of the National Baptist Convention. Past Pocahontas, No. 1, will meet at 8 p. m. Tuesday at the home of Mrs. Nettie Morgan, 1045 W. Twenty-Eighth St. Mrs. Betty Remines, 73” E. Minnesota St., was injured when her automobile collieded with a car driven by Paul Rudbeck, 364 E. Morris St., at Leonard and Morris Sts., this morning. Chauffeur Arthur Baldwin had his Yellow cab stolen when he parked on N. Meridian St„ while he entered the Marott Hotel this morning. It later was recovered at Harding and Roach Sts., several miles away. Robert Fielder, 3737 Kenwood Ave., arrested Saturday night on a liquor transportation charge by Sergt. John Eisenhut and squad in front of 1128 E. Twenty-Second St„ veas held to the Federal grand jury under $2,000 bond, w’hich he provided. by Fae W. Patrick, United States commissioner, today. George L. Burke, 36, of 915 Eugene St., w'as arrested on a charge of driving while drunk after his automobile collided with an inbound T. H., I. & E. traction car at

testants of this contest will enjoy, inasmuch as they do not have cues to the scenes as are published here. It is tlieir job to create them. Here, you are asked to originate one to fit a particular scene. Remember, the shorter the better. Just thjnk up some short, appropriate title, write it on the coupon printed each day for your convenience, sign your name and address, and submit it to “Gorilla Subtitle Editor,” Indianapolis Times. Your answer must be in the mall not later than Tuesday midnight to be considered by the judges. Daily and Grand Prizes Each day’s contest is individual. That is. there are daily prizes as well as grand prizes. So send in vour replies, as many as you wish, each dav. The same person can win onlv one dally prize, but dailv prize winners will be eligible for the grand prize. Daily prizes are: First. $7.50: second. $5; third, five awards of $1 each: and fourth, ten awards of one pair of tickets to the Indiana theater. In addition to the daily prizes, there will be a grand prize of $25 for the best subtitle submitted during the six-day contest. a second prise of sls. and a third award of $5. This contest 4s open to everyone excepting emploves of The Indianapolis Times, the Indiana theater, and First National Pictures.

Twenty-Fifth St. and Northwestern Ave. He was treated at city hospital for cuts and bruises. The Rev. George S. Henningcr, pastor of the East Tenth Street M. E. Church, will be the principal speaker at a special Lincoln birthday service at Ft. Friendly, 512 N. Illinois St., at 2:30 p. m. Sunday. Henry Martindale, 41. Negro, 723 Hadley St., was found dead in bed by Patrolman Lambert Sunday morning. When he failed to answer the summons of Miss Lilly Lewis, Negro, who operates a boarding house at the Hadley St. address, she called police. Invitation to hold its next meeting in Indianapolis was extended at the Central States Association of Morris Plan Bankers today at Columbus, Ohio, by C. C. Ridge, assistant manager of the Indianapolis convention bureau. He was accompanied to Columbus by Paul M. Akin, secretary-treasurer of the Indianapolis Morris Plan Company. Padlock suit to close as a nuisance a poolroom at 502-4 Buchanan St. was filed in Superior Court today against Earl Phillips, owner, and Samuel E. Kaufman, lessee. Prosecutor William H. Remy alleged liquor law violations. Guy L. Pickett, Howard County farmer, filed a voluntary bankruptcy petition in Federal Court Monday, listing liabilities of $1,654 and assets of $487. James Burke, Toledo, arrested at Richmond, Ind., today was ordered removed to Cleveland. Ohio, to face charges of stealing $10,540 in postage stamps from the Lcrain (Ohio) postoffice, at a hearing before Federal Judge Robert C. Baltzell. Probe Darby Day. Jr. Death By United Press LOS ANGELES, Feb. 6. —An autopsy was to be performed today on Darby Day Jr., son of the millionaire Chicago banker, who died under an aneasthetic here. Three years ago his wife threw acid in his face. Subsequently she served a prison term.

.FEB. a 192S

LOVE BASIS OF NEW RELIGION, SAYS PASTOR The Test of This Is Its Efficacy in Real Service. “The new religion is not new at all.” the Rev. Fred A. Line of the Universaliot Church Sunday. “It is the religion of John and Paul and Jesus,” the Rev. Line said. “Wherever hearts give forth their message in deeds and the soul's hopes and desires and aspirations ccme to fruition in life, there we see in operation the new religion—new only to the experience of the individual life. “The fundamental principle and basis of this new religion is love, love to God and man, the love that finds expression in the childish laughter of the household’s most precious treasure; the love- that possesses the heart of the fond mother who lavishes her affection and bestows her life upon dear ones; the love that influences a Clara Barton, an Abraham Lincoln, a Maud Ballington, a Jane Adams, a Judge Lindsey, in their service of mankind. The product and instrumentality of the new religion is character. The motive of the old religion was to get men into heaven. The motive of the new religion is to get heaven into men. It is the business of the new religion to build character, to make men and women manly and womanly. Call the roll of the forces making for righteousness in the world today, 1 -and we find than they are not dead schemes and lifeless institutions, but living men and women who are filled with the spirit of the Christ and are putting it at work. “The test of the new religion is its efficacy in service. It demands the giving of self in the service of [others. It must need3 show its i fruits in the world’s growing life. ! The key to heaven is unselfish service, and the greatest service is rendered by the man who increases the stock of good will. “The watchword of this new religion is progress. The onward ; movements of an advancing world ! testify to its potency and power. The man who stands today where he stood yesterday is not a true disciple. Once in grace, always in grace, is an aphorism, the falsity of which jis apparent to the thinking man. The demand of a growing world is [ lor growing men. Aspiration and vision are essential factors of this j new religion. Every day must needs | be a day of relization,” he said. HUGE NEW ORGAN TO CONTAIN 12,000 PIPES New York Gets One of Largest Instruments in World. ST. LOUIS. Mo., Feb. 6.—Tlrou- ! sands of electro magnets and hundreds of miles of wire are included in the first section of the massive organ—one of the largest in the world—built here for St. Patrick’s Cathedral, New York City. The first section of the organ, shipped from St. Louis, requires four freight cars. Other sections will follow. The completed instrument will contain 12,000 pipes. It will have a special string section to give the effect of a large choir of violins, cellos and violas. Virtually every basic metal has gone into the construction of the instrument, as well as the hides of hundreds of calves and chamois. SUSPECT CHILD MURDER Chicago Heights Tot Found Dead of Burns in Parent’s Home. P.y United Press CHICAGO HEIGHTS, 111., Feb. (U —A murder theory was advancß today in connection with the of Beverly Hein, 4, who was dead in her parents’ h'l apparently a victim of l ..H ; Her parents, Mr. and ku. Hein, believed the child might hs|K been slain by a marauder who deavored to hide his crime by setting fire to the body. The child was found dead in the kitchen of the Hein home. Her dress and petticoat were missing and there were no indications that she had been playing with matches. The child's body may be exhumed today. TAKE OVER HOSPITAL Clark-Blakeslce Building to Be Enlarged by Osteopaths. Plans to take over the ClarkBlakeslee Osteopathic Hospital, 1116 N. Delaware St., have been announced by the Indianapolis Osteopathic Hospital Association. The building will be enlarged and new equipment purchased. Dr. C. B. Biakeslee, general manager, will be assisted by Dr. Paul Biakeslee. FORMER OFFICER DIES Body of A. Newby Being Returned Here From California. The body of Herbert A. Newby, former Indianapolis policeman, will be returned here for-burial Thursday. Mr. Newby died Friday at Los Angeles, where he had lived for some time. Funeral arrangements are being made by his brother, Capt. Robert M. Newby in charge of Fire Station 16. PLAN ANTI-FIRE DRIVE State-Wide Campaign to Prevent Blazes to Be Held. Plans for an extensive fire prevention campaign in Indiana during 1928 have been formulated by the Indiana district of the National Fire Waste Council, Thomas R. Djtigan, State agent of the FidelityPhoenix Fire Insurance Company, president, has announced.