Indianapolis Times, Volume 39, Number 235, Indianapolis, Marion County, 8 February 1928 — Page 12

PAGE 12

OTHER RESERVE BANKS ADVANCE RATESTUESDAY Stock Market Opens Today Unsettled After Boston, Dallas Banks Act.

Average Stock Prices

Average of twenty industrials Tuesday was 191.83. up .22. Average of twenty rails was 143.35, off 1.03. Average of forty bonds was 99.27, off .04. By United Press NEW YORK, Feb. B.—Announcement after the close Tuesday that the Boston and Dallas reserve banks had come into line of five other reserve centers with a 4 per cent rediscount rate further unsettled the stock market today. Early dealings were decidedly irregular, with pressure exerted on all vulnerable spots. Only five reserve banks—Philadelphia, Cleveland, St. Louis, Kansas City and Atlanta—now have the 3Vi per cent rate. These are expected to raise their rates shortly. Bears Attack Freeport Texas was again the object of bearish attack in the early dealings. It was forced down 6Vi points to 8 ;i. Other Sulphur is•ues were also sold heavily. United States Steel declined 1 to 144 and independents also declined. General Motors, which opened firm at 137V4, up %, quickly sold off to 136 %. Motor shares in general held about steady, with Studebaker a feature of strength. Metal shares dropped sharply, International Nickel losing 2 points, Nevada a point, Greene 3. Montana Power was weak. Rails were quiet and lower. St. Paul issues moved up against the trend. Market Comment Describing the market, the Wall Street Journal’s financial review today said: “Prices continued along the line of the previous close with Montgomery Ward, General Motors, American Can, A. M. Byers and Consolidated Gas fractionally highed. Studebaker attained anew high on the present advance. Pressure was relieved around noon and issues that have been strong recently moved higher. Consolidated Gas touched anew high at 133 and Montgomery Ward was notably strong.

Banks and Exchange

FOREIGN EXCHANGE B/j United Press NEW YORK. Feb. B.—Foreign exchange opened steady. Demand sterl ng, $4.86 13-16: francs, 3.92%c. off .00%: lira, 5.29 c; Belga, 13.92 c; marks, 23.84%c, TREASURY STATEMENT 'B.y United Press WASHINGTON. Feb. B.—The treasury net balance for Feb. 6 was $98,173,667.19. Customs receipt! this month to Feb. 6, were $8,696,205.83.

Produce Markets

Butter (wholesale price)—No. 1. 490 50c; No. 2. 47© 48c lb. Butterfat (buying price)—46 0 47c lb. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off, 26027 c doz. Cheese (wholesale selling prices, per pound i—American loaf. 35®38c; pimento loaf, 38©40c; brick loaf. 35038 c; Swiss No. 1, 42©,44c; imported Swiss. 52c; Wisconsin flat, mild and sharp. 32034 c; print cream. 38040 c; fiat display, 28®30c; Longhorn. 28©29c; New York limberger. 420 44c. Poultry (buying prices)—Hens. 21022 c; Leghorn hens. 15® 16c: springs. No. 1 soft meated. 20@22c: Leghorns. 13® 15c; stagey voung springs, 13015 c; roosters, 100:12c; Leghorn stags. 10©12c; capons. 3 lbs. and over. 30© 32c; 7 to 8 lbs.. 29© 30c; 6 to 7 lb'., 25®27c; under 6 lbs. and slits. 22© 23c; turkeys, voung toms. 32c: young hens. 32c: old toms. 23c; old hens. 22c: ducks. 15 ®l7c: geese, 13014 c; young guineas. 40c; old, 35c. Pjl United Press OIEVELAND. Feb. B.—Butter—Extra in tub lots. 48© 50c; firsts. 45©;47c; seconds, 42®44c; packing stock. 30032 c. Eggs Extras. 35c; extra firsts. 34c; firsts. 33c; ordinary. 32c. Poultry—Heavy fowls. 27©! 28c; medium. 23©26c: Leghorns. 20®22c: heavy springers. 27 0 29c: Leghorn springers, 20"/22c; bucks. 23(a25c% geese. 20©> 22c: old cocks, 16©%7c. Potatoes—Round whites, 150-lb. sacks. New York. $3®3.25; Maine. $3.5003.60; Ohio, $2.8503; Michigan. *303.15: Wisconsin. $2.85®3; 120-lb. bags Minnesota. $2.40©'2.60; Maine. $2.85 ©3; Idaho rurals. $2.50; 110-lb. sacks bakers, $3.50; homegrown, bushels, $1.35® 1.40: Florida cobblers. No. 1, $7.50®8 per barrel. Ry United Press NEW YORK, Feb. 8 —Flour—Quiet and firm. Pork—Dull; mess, $32. Lard Steady; Midwest spot. $11.40011.50. Su-gar-Raw dull: spot 96 test delivered duty paid. 4.24© 4.27 c: refined quiet; granulated, 5.70 c. Coffee—Rio No. 7 on spot, 14%c; Santos No. 4, 2144©22tic. Tallow—Weak: special to extra. 8%®8%c. Hay—Dull and weak; No. 1, $1.05; No. 3, 75®90c; clover, 65c® sl. Dressed poultry—Steady; turkeys. 30©48c; chickens. 18®37c; capons. 30 ©4Bc: fowls. 18©32c: ducks. 18©22c; Long Island ducks. 200 24c. Live poultry—Steady to firm; geese, 14®32c; ducks, 16©!33c; fowls, 27®29c; turkeys, 25©.50c; roosters. 18c: chickens. 22032 c; capons. 30®40c; broilers. 38® 48c. Cheese—Steady; State whole milk, fancy to specials. 29@29%c; Young America, 29© 29 %c. Potatoes Long Island, $2,25 0 4.90; Jersey, basket, 75c®$l; Maine. $3,104/4.15: Bermuda, s3® 10. Sweet potatoes—Jersey, basket, 60c© $2.50: Southern, basket. $1.3301.65. Butter—Steady: receipts. 9,407; creamery extras. 47c; special market. 47%©48c. Eggs —Weak: receipts. 21,917; nearby white fancy. 42 0 43c: nearbv State white, 38© 41c; fresh firsts. 35%©36c: Pacific coasts, 87!4 0 42c; western whites, 38039 %c. By United Press CHICAGO, Feb. B.—Butter—Receipts, 6.492; extras. 45c: extra firsts. 44@44%c: firsts, 41%@43c; seconds. 38©40%c; standards. 45c. Eggs—Receipts, 8.792; firsts, 31%® 32c: ordinaries, 30c; seconds. 29c. Cheese—Twins. 25%c: young Americas, 2i%c. Poultry—Receipts. 5 cars: hens, 23% ©26c; springs. 28c! ducks, heavy. 25c; small. 20c: geese. 20c: turkeys. 25© 28c; roosters. 20c. Potatoes—Arrivals. 76: on track. 166; in transit. 847: Wisconsin sacked round whites. $1.65© 1.75: Idaho sacked russet Burbanks No. 1. $1.7001.85: few fancy shade higher; commercials. $1.40 ©1.50; new supplies exhausted; inquiry Jood. Sweet potatoes—slo2.6s.

In the Sugar Market

(By Thomson & McKinnon) NEW YORK, Feb. B.—The market is *ery quiet but presents a steady underline partly on steadier European advices. Throughout Tuesday tlje futures market Showed a disposition toward Improvement on the slightest encouragement. Transactions, however, are likely to be of a routine character for the present and the actual market was very dull, but seems to be on a 2 9-16 basis. We think the tendency is toward increased steadiness. In United Press NEW YORK. Feb. B.—Sugar futures opened unchanged to 2 points lower. March, 2.53; May. 2.60: July. 2.70: September, 2.79; December, 2.87; January, 3.83. Confer on State Fair Exhibit Thomas N. Grant of Lowell, director of the Women’s exhibit building at the State fairground conferred with members of his committee today on plans for the 1928 fair. The suggestions will be presented to the board of agriculture Thursday, v *

New York Stocks (By Thomson & McKinnon)

—Feb. 8 - Prey. Railroads— High. Low. 12:00. close. Atchison 184% ... 184% 183% Atl Coast Line. .179'/a ... 179% 180 Balt & Ohio 109% 109 109% 109% Canadian Pac ..201 199% 2001a 200% Chesa & Ohio ..190 ... 189% 190!, Chi & Alton ... 5% ... 5% 6 Chi & N West.. 80% 79% 79% 80% Chi Ort West ..10 ... 9% 10 C R I <fc P 108!i ... 107% 107 Vi Del & Hudson ..184% 164 164!, 166 Del & Lacka 132 131 * a 132 133% Erie 51 50% 50% 50% Erie Ist pfd .... 55% 54% 55 55% Grt Nor pfd 93% ... 93% 93% 111 Central 137% ... 136% 136 Lehigh Valley .. 87% 84% 85 87% Kan City South. 51 49% 49% 51'% Lou & Nash 146 ... 146 148 MK & T 34% ... 34% 34% Mo Pac pfd ....106 ... 105% 107 N Y Central 157 ... 156% 157% N Y C & St L 131 NY NH & H .... 66 65% 65% 66% Nor Pacific 93 ... 93 93 Norfolk & West 181% ... 181% 181 Pere Marquette .125% ... 125% 125 Pennsylvania ... £3% 63% 63% P &*W Va 128% 126% 128 126% Reading 95 94% 95 95% Southern Rv 141 ... 140 141% Southern Pac ...118% ... 118% 118% St Paul . 17% 17% 17% 17% St Paul pfd 32% St L & S W 69 ... 69 70 St L& S F 109% ... 109% 109% Texas & Pac ...114% ... 114 V, 114% Union Pacific . ..188 ... 187!, 187 West Maryland. 35% 31% 32 36% Wabash 55 ... 54% 55 Wabash pfd .... 90 ... 90 88% Rubbers— Ajax 12% 12 12% 12% Fisk 16% ... 16 16 Goodrich 93% ... 92% 93% Goodyear 68 ... 67V, 68% Kelly-Spgfd 23 ... 22% 23 Lee 20% United States .. 58 ... 57% 58 Equipments— Am Car & Fd...107 106 107 108 Am Locomotive 110% ... 109% 110% Am Steel Fd.... 62% ... 62 64 Baldwin Loco ..247 ... 246% 249% General Elec ...129 127 127% 129 Gen Ry Signal .307'% 106'/, 107 107 Lima Loco ... ... 59 N Y Airbrake .. 46 45% 46 44% Pressed Stl Car. .. ... ... 23% Pullman 82% 81% 81’, 82% Westlngh Air B 52% ... 52 52% Westingh Elec.. 94% 92% 92% 84% Steels— Bethlehem .... 61% 60% 69% 61% Colorado Fuel.. 79% 78% 79% 79% Crucible 91 ... 88 91% Gulf States St!.. 55% ... 55 55% Inland Steel ... 58% 58 68% 58 Phil R C & 1.. 30% 30% 30Vi 80% Rep Iron <fe Stl.. 67% 65 67 67% Sloss-Sheff 130 U S Steel 144% 143 143% 145 Alloy 31 ... 30% 30% Youngstwn Stl.. 99% ... 99% 99% Vanadium Corp. 88 83 85 % 89% Motor,— Am Bosch Mag. 18% ... 18% 18% Chandler 15% ... 15% 16 Chrysler Corp,.. 59 57% 58% 57% Conti Motors ... 10% ... 10% 10% Dodge Bros ... 20 ... 19% 20 Gabriel Snbbrs.. 23 ... 23 23 General M0t0r5..137% 135% 136% 336% Hudson 84% 83 84 85 Hupp 38 37 37% 37% Jordan ... ... 10% Mack Trucks ...101% 100% 101 101% Martin-Parry 12% Moon 5% ... 5% 5% Motor Wheel ... 26 ... 28 25% Nash 86% ... 86, 86% Packard 60 58% 59 59% Peerless 17% Pierce Arrow... 12% ... 12% 12% Studebaker Cor.. 66% 65% 66% 65% Stew Warner.... 83 81'/a 82 82% Stromberg Cart 51 Timken Bear ...122 ... 121% 124 Wiliys-Overland. 19 . . 18% 19 Yellow Coach... 33% 32% 32% 33% White M0t0r.... 32% ... 32% S3 Mining— Am Smlt & Rfg.l73 ... 172 V, 174 Anaconda Cop.. 56 55V, 56 56% Calumet & Ariz. .101% ... 101% 102% Cerro de Pasco. 64 ... 64 64 Chile Copper... 40 ... 4040 Greene Can Cop. 134 130 130 135 Inspiration Cop.. 19% ... 19% 19% Int Nickel 94% ... 91% 95'% Kennecott Cop.. 83% 83 83 83 Magma Cop... 50% ... 50% 49% Miami Copper.. 19% ... 19!, 19% Texas Gulf Sul.. 71 Va 69% 70V, 71% U S Smelt 41% Oils— Atlantic Rig.... 99% ... 98% 99% Cal Petrol 25% ... 25% 25% Freeport-Texas.. 89% 81 84 89% Houston Oil 137% 134% 134% 138 Indp Oil & Gas 25% Marland Oil ... 35 ... 34% 35% Mld-Cont Petrol 29% ... 29% 26% Lago Oil & Tr 33 Pan-Ara Pet B. 41% ... 41% 41V. Phillips Petrol.. 40% 39% 40% 39% Pro & Rfgrs 22% 22 22% 22% Union of Cal... 43% ... 43% 43 Pure Oil 20% ... 20% 20% Roval Dutch ... 46% ... 46% 46'/, Shell 24% 23% 23 Vi 24% Simms Petrol .. 21 20% 21 21 Sinclair Oil 18% ... 18'/, 18'% Skellv Oil 26% Std Oil Cal 54% 54 54% 54% Std Oil N ...... 39 ... 38% 39% Std Oil N Y 29% ... 29% 29% Texas Corp .... 53% ... 52 52% Transcontl 7% ... 7% 7% Industrials— Adv Rumely 12% Allis Chalmers .120% ... 120% 120'% Allied Chemical 153% ... 152'% 154 Armour A 13% ... 13% 13% Amer Can 78’,a 77V, 77% 76 Am Hide Lea 14 Am H L pfd 60 Am Linseed .... 75% 75 75% 75% Am Safety Raz 56% Am Ice 32% ... 32% 32% Am Woolen .... 22Va ... 22% 22% Coca Cola 133 ... 133 132% Conti Can 88% ... 88% 88 Certainteed 59% ... 59% 59% Congoleum 23% ... 23% 23V, Davison Chem .. 41!, ... 40% 41% DUDOnt. 321 320% 321 320% Famous Players 113 ... 12% 113 Gen Asphalt ... 80% ... 78% 80% Int Bus Mch ..140% ... 139'% 139 Int Cm Engr 51 ... 50% 50% Int Paper 75 ... 75 72% Int Harvester ..230!', ... 230 229 Lambert 83% Loews 59% ... 58% 59 May Stores .... 80% Montgom Ward 142% 138% 140'/, 141% Natl Lead 133% ... 133% 134 Pittsburgh Coal. 41% ... 41% 41% Owens Bottle .. 77% ... 77'/, 76% Radio Corp .... 98% 96 96 98% Real Silk 26% ... 26 26% Rem Rand 28% ... 28% 28V, Sears-Roebuck .. 85% ... 84 84% Union Carbide. 140% 139% 140!, 139% United Drug ... 198'% ... 196% 196 Untv Pipe 23 ... 23 23% US Cs Ir Pipe. 309% ... 209% 209% U S Indus Alco 112% 110% 112 110% Worthington Pu 29 Woolworth Cos.. 184 ... 183 183 Utilities— Am Tel & Tel.. 178% ... 178% 178% Am Express 187 Am Wat Wks... 55 ... 54% 55% Brklyn-Manh T. . . 58 Col G & E 93% 92% 93% 93% Consol Gas .... 130% 129% 130 130% Elec Pow & Lt.. 31% ... 31% 31'/, Interboro 16% 36% 36% 35 Nor Am Cos .... 61 60% 61 60% Man Elec Ry 43 Peoples Gas ... 185% ... 185% 185% Phila Cos 163 Std Gas &El .. 61% ... 61% 62 Utilities Power.. .. 29V, West Union Tel 169% ... 169% 169% Shipping— Am Inti Corn... 77% 76% 77 77% Am Ship & Com 4 Atl Gif 4W I. 43% ... 42% 41% Inti Mer M pfd 37% ... 37% 37'/, United Fruit ... 137 ... 137 137% Foods— Am Sug Rfg ... 66 ... 66 67% Am Beet Sugar 17 Austin Nichols.. 4% ... 4% 4% Beechnut Pkg 81V California Pkg.. 73% 73% 73% 73% Corn Product-.. 68% ... 67V, 68'/, Cuba Cane 8u p >.. 26 Cuban Am Sug 21 Fleischmann Cos 71% 70% 70% 71 Jewel Tea 84 ... 84 83% Jones Bros Tea .32V, ... 32% 34 Natl Biscuit ...172% ... 172% 174!i Punta Alegre .. .. 29% Postum Cos 125 ... 124'/, 125% Ward Baking B 26% ... 28% 26V, Tobaccos— Am Sumatra 58% Am Tobacco ...165% ... 165'/, 165 Am Tob B 166% 165'/, 166 166 Co.i Cigars 81% General Cigar .. 72 71% 76 71 Llg & Myers 114% Lorillard 37V, ... 37% 37% R J Reynolds 149% Tob Products B 103 V, ... 103% 104 United Cigar St 31 ... 31 31 Schulte Ret Strs 51% ... 51% 51%

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. Feb. B.—At 17.75 for May the market met resistance Tuesday and there is probably more cotton for sale between that price and 18 cents than the trade requires for the time being. We think it's a trading market for a while in which the sale on hard spots looks best. In United Press NEW YORK, I*eb. B.—Ctton futures opened lower. March 17142, off 1; May 17.62, off 6: July 17.65. off 8: October 17.41, off 8; Decomber 17.44, off 5; January 17.47, up 1. Official Forced to Resign By Times Special DELPHI, Ind„ Feb. B.—John E. Ferrier, Republican, highway superintendent of Carroll County for ten years, has resigned and been replaced by a farmer Democrat, Charles Sanderson. Ferrier quit on demand of the commissioners, with two years of a four-year term remaining. Fifty-three persons applied for the place, but Sanderson was not among them.

HOGS SOAR 25 CENTS IN SOME WEIGHTS TODAY Best Sell at $8.75; Other Livestock Strong to Higher. —Hog Price Range— Feb. Bulk. Top. Receipts. 1. 8.50© 8.75 8.75 13,000 2. 8.50® 8.75 8.85 10.000 3. 8.25© 8.65 8.65 11.000 4. 8.25(3! 8.60 8.65 4,500 6. 8.25© 8.55 8.55 5.500 7. 8.35© 8.50 8.50 8.000 8. 8.40@ 8.75 8.75 7,000 Hogs soared 25 cents on the hundredweight today on the local market after slowly losing ground all week. Receipts have not exceeded 8,000 since last Saturday and today are estimated at 7,000. The top was $8.75. Cattle, calves and sheep and lambs were strong. Receipts in these divii ions were about normal. The Chicago market opened slow around 10 cents higher than Tuesday’s average. The early top was $8.35 with some choice middleweights held at $8.40 @8.50. Receipts were light at 20,000. Pigs Steady The top went up 25 cents to $8.75 in the 160-200 pound class, selling at $8.50 @8.75. Heavy meat animals weighing 250-350 pounds were up 10 cents on the top at [email protected]. Material weighing 200-250 pounds brought [email protected], up 10 to 15 cents. Light lights, 130-160 pounds, sold at [email protected], 15 cents higher on the top. Pigs were steady at $6.50 @ 8, as were packing sows, at $6.50 @ 7.25. The cattle market, was steady with beef steers strong, selling at sll @ls. Beef cows were s7@ 10.25 and low cutter and cutter cows brought [email protected]. Bulk stock and feeder steers were $7.50 @9. Receipts were approximately 800. Others Strong With calves numbering about 600, best vealers were strong at sl7@lß, 50 cents higher on the low end of the price range. Heavy calves were unchanged at $6.50@ 10.50. Sheep and lambs were strong. The top was quotable at $15.75, up 25 cents. Bulk fat lambs brought $14.25@ 15.50, 25 cents higher on the top. Bulk culls were unchanged at $7.50 @11.50 and fat ewes at $5.75 @ 8.50. There were about 300 animals brought to the yards. Receipts, 7,000; market steady to higher. 250-350 lbs $ B.oo© 8.40 200-250 lbs 8.35 (a) 8.65 160-200 lbs 8.50© 8.75 130-160 lbs B.oo© 8 50 90-130 lbs 6.50© 8.00 Packing sows 6.50® 7.25 —CattleReceipts. 800: market, steady to strong. Beef steers $11.00015.00 Beef cows 7.00© 10.25 Low cutters and cutter cows.. 5.50© 6,75 Bulk stockcr and feeder steers 7.50@ 9.00 —Calve,— Receipts, 600; market, strong. Best vealers $17.00018.00 Heavy calves [email protected] —Sheep and Lambs— Receipts. 300; market, strong. Top fat lambs $15.75 Bulk fat lambs 14.25©15.50 Bulk cull lambs 7.50011.50 Fat ewes 5.75© 8.50 Other Livestock By Times Special LOUISVILLE. Feb. B.—Hogs Receipts. 800: market 25c higher: 250 lbs. up. $8.05; 175-250 lbs.. $8.65: 130-175 lbs., $7.85: 130 lbs. down. $6.40: roughs, $6.50; stags. $5.75. Cattle—Rece.pts, 200: market steady; calves receipts 200; market steady; good to choice, $13@15; medium to good, sil@l3; outs. sll down. Sheep—Receipts. 50; market steady; top lambs. $12.50®13: seconds, s7®9; sheep. s4©6. Tuesday's shipments: Cattle, none; calves, 106; hogs. 146; sheep, none. By United Press CLEVELAND. Feb. B.—Hogs Receipts. 2.500: holdovers. 200: market steady to 10c up: 250-350 lbs.. $8.25418.50: 200-250 lbs., $8.50® 8.75: 160-200 lbs.. $8.75© 8.85: 130160 lbs., sß® ] B.Bs: 90-130 lbs.. $7,504/8: packing sows. $7®>7.25. Cattle—Receipts. 300; calves, receipts 350: market steady: beef steers, $11011.75; beef cows. s7©9; low cutter and cutter cows, ss©6; vealers, sl4® 17. Sheep—Receipts, 1.500; market steady; top fat lambs. $15.75: bulk fat lambs. $l.V5O© 15.75; bulk cull lambs. [email protected]; bulk fat ewes. $5.50®7.50. B,y United Press PITTSBURGH, Feb. B.—Hogs—Receipts. 2,500; market strong to 10c up; 250 to 50 lbs.. *8.2508.60; 200 to 250 lbs., $8.6008; 160 to 200 lbs., $8.9009; 130 to 160 lbs., $8.2509: 90 to 130 lbs., $7.7508.25; packing sows ,$6.75f15i7.35. Cattle —Receipts none; calves, receipts. 100; market steady; beef steers. *11.75014.35: vealers. $15.50® 17.50. Sheep—Receipts. 200; market strong to 25c up: top fat lambs, sl6; bulk fat lambs, $15.50® 16; bulk cull lambs. 412014. By United Press s EAST BUFFALO. Feb. B.—Hogs Receipts. 4,000; holdovers, 1,011; market steady to 10c up; 250 to 350 lbs.. $8.25® 8.65; 200 to 250 ibs., $8.604i9; 160 to 200 lbs.. $8.75®9; 130 to 160 lbs.. [email protected]; 90 to 130 lbs.. $7,754/8 50; packing sows. $7 0 7.50. Cattle—Receipts. 100; calves, recenpts, 200; market weak: calves steady; low cutters and cutter cows. $4.50©6.25; vealers. [email protected]. Sheep—Receipts, X,300; market 25c up: top fat lambs. $15.75; bulk fat lambs, $15.50© 15.75; bulk cull lambs, $12013.50; bulk fat ewes, $7.50® 8.50.

SHOE PRICES HIGHER Can't Buy Them as Low as Year Ago, Parley Told. “The retailer today who is offered shoes at prices as low as he paid a year ago, should be wary of the salesman,’’ said Herbert N. Lape, president of the Julian-Kokenge Company of Cincinnati, who is attending the annual Indiana Shoe Travelers Association convention at the Claypool. “The public can buy shoes at the old prices, but they can’t get the same quality merchandise. I know it is hard for the working man to pay more for his shoes when his income is inflexible, but he ought to know the truth.” EXCHANGE GAS STOCK Computation of New 5 Per Cent Issue Not Completed. Computation of the amount of old issue Citizens Gas Company preferred stock exchanged for the new 5 per cent issue was not completed today, although officials said that the exchange will probably total approximately $750,000 of the $1,000,000 issue. Stockholders who did not avail themselves of the opportunity to make the exchange roust turn ffi their shares by March 1, when the entire old 7 per cent issue will be redeemed at $106.75 a share. The untraded stock will be taken by Stone, Webster & Blodget, New York bond house, which bid 101 for the issue.

THE INDIANAPOLIS TIMES

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Feb. B.—The bull market is still on. Only 450 issues closed with losses Tuesday. You may think this is intended to be facetious, but we are really serious. The statement truly describes the state of the public mind. The fact that 450 issues lost from a fraction to a substantial number of points is as nothing compared to the fact that some 15 or 20 stocks advanced from 2 to 5 or 6 points. How much of the advance was due to short covering, no one can say, but we have no doubt that shorts were responsible for a goodly part of it. The entire situation is a sort of an enigma. Its weakness is its strength. A great many have seen the bearishness of the market’s position and have accordingly taken the short side. It looks as though they have even taken that side in Steel, notwithstanding the excellent improvement in business. At all events, we are left in this position—that the short interest is probably concentrated in such t moderate number of issues that they rise impressively, while the great body of stocks without the short interest is declining. At all events that’s the way the puzzle looks to us.

SINGER ‘GOES OVER' Grace Moore's Debut Called Promising by Critics/ Be/ United Press NEW YORK, Feb. B.—Grace Moore of Tennessee, who reached the operatic stage by way of a church choir and musical comedy stardom, learned today that in the opinion of New York’s music reviewers her debut was “promising.’’ The critic for the Morning World considered that Miss Moore had “added the most important vocal organ” to the Metropolitan Opera Company “since the first appearance of Rosa Ponsella.” The girl’s debut was made at the Metropolitan yesterday as Mimi in Puccini's “La Boheme.” In the audience were 125 well-wishers from Tennessee, including her parents, Col. and Mrs. R. L. Moore of Jellicoe. At the end of the performance, Miss Moore was called before the curtain a dozen times. Since the home folks occupied only three rows in the rear of the opera house, no claque was responsible for the ovation.

Indianapolis Stocks

—Feb. 8 Bid. Ask. Amer Central Life 550 Amer Cresoting Cos pfd 104% ... Belt R R com 67% 69 Belt R R pfd 60 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 jW6% ... Commonwa®th Loan Cos pfd. wo Equitable SRuritles Cos com... 45 55 Hook Drug com 30% .. Indiana Hotel com (Claypooli. .125 Indiana Hotel pfd 101% Indiana Service Corp pfd 89 Indianapolis Gas com 61% 64 Indpls & Northwestern pfd... 45 Indpls P & L 6%s pfd 105% 106% Indpls P & L 7s 100% 102% Indpls Pub Wei Ln Ass'n.... 47% ... Indianapolis St Ry pfd 34 35% Indpls water Cos pfd 103% ... Indpls Water Wks Sec Cos 105 Interstate P S pr lien pfd ... 104 ... Interstate P S 6s pfd 85 ... Merchants Pub Until pfd 101 North Ind Pub Service pfd... 102 ... Progress Laundry com 27 ... Rauh Fertilizer pfd 50 ... T H I * E 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 Trad of Ind 2d pfd % Union Title Cos com 83 Van Camp Pack Cos pfd 10 Van Camp Prod Ist pfd.... 97% 100 Van Camp Prod 2d pfd 100 —Bank Stocks— Aetna Trust and Sav Cos 120 Bankers Trust Cos 150 City Trust Cos 140 Continental National 121 Farmers Trust Cos 246 Fidelity Trust Cos 170 Fletcher American 180 Fletcher Sav and Trust C0....300 Indiana National Bank 263 266 Indiana Trust Cos 240 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 501 Wash. Bank and Trust C0....162 Bonds Belt R R and Stockyards 45.. 92 Broad Ripple 5s 81 82% Central Indiana Gas 6s 98 Central Indiana Power Cos 65..104 Central Indiana Power pfd 96% Chi 8 Bend & N Ind 5s 15 Citizens Gas Cos 5s 105 108 Citizens St. R R 5s 88% 89 Gary St Ry 5s 90% ... Home T&Tof Ft Wayne 65.. 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 102 103% Indpls & Martinsville 6s 70 Indpls Northern 5s 13 Indpls & Northwestern 5s 70 Indpls Power and Lt Cos 55....100% 101 Indpls St Ry 4s 67 % 68 Indpls Trac and Term 5s . ... 96% 97% Indpls Union Ry 8s ... 102% ... Indpls Water 5%s 104% 106% Indpls Water Ist 5s 100 Indpls Water 4%s 98 ... Indpls Water Wk Sec Cos 65... 102% ... Interstate Pub S 6s 104 Interstate Pub S Bs 6%S 105% ... N Ind Pub Scrv Cos 5s 101 T H I & E 5s 16 T H Trac and Light 5s 95 ... Union Trac of Ind 6s 12 17 •Ex-dividend —Liberty Bonds— Liberty Loan Ist 3%s 101.72 101.92 Liberty Loan Ist 4'4s 103.00 103.20 Liberty Loan 3d 4%s 100.40 100.50 Liberty Loan 4th 4%s ... 103.72 103.90 U S Treasury 4%s 115 10 115.30 U S Treasury 4s 110.06 110.20 U S Treasury 3%s 107.20 107.40 U S Treasury 3%s 100.00 100.20 U S Treasury 3%s 103.40 103.68 —Sales—--300 Liberty Bonds 4th 4%s 103.72

STEEL EARNINGS OFF Republic Iron and Steel Statement Shows Decrease in 1927. NEW YORK, Feb. B—Republic Iron and Steel Company earned $4.22 a common share in the year ended Dec. 31, its statement issued today showed. It compared with $11.05 a common share in the previous year. Net profit for 1927 amounted to $3,018,282 after taxes, interest, depreciation, etc., compared with $5,065,022 net in 1926. SAD LOOKING SON GONE Mother’s Description of Missing Crawfordsville Man. By Times Special CRAWFORDSVILLE, Ind.. Feb. 8. —Appealing to Indiana newspapers in an effort to find her missing son, Franklin M. Christy, Mrs. George W. Christy, this city, describes him as having “a sad look on his face.” The missing man is 29; 5 feet 8 or 9 inches tall; weight, 150; dark complexion; dark brown eyes and abundant dark brown hair.

WEAK TONE IN FOREIGN NEWS LOWERS WHEAT Corn and Oats Remain Near to Previous Close on Chicago Board. Bp United Press CHICAGO, Feb. B.—Continued weakness in Liverpool sent wheat prices sharply lower at today’s opening on the Chicago Board of Trade. Corn and oats were very near unchanged. Opening figures were: Wheat % to % cent lower; corn Vs cent lower to % cent higher, and oats unchanged to % cent lower. The world wheat situation remains overwhelmingly bearish. With the coming of rains to Southwest winter wheat fields, about the only bullish factor in the market has been removed. Good cash demand is likewise strengthening corn. Unsettled weather over the belt, and consequent delay in the country movement, also afford upward influence. Oats shows no signs of any independent movement. Provisions opened higher. Chicago Grain Table —Feb. 8— WHEAT— Prev. High. Low. 12:00 close. March 1.28% ... 1.28% 1.28% May 1.28% 1.28 1 28% 1.29 July 1.26% 1.26% 1.26% 1.27 CORN— March 89% .89% .89% .89% May 92 .91% .91% .91% July 93% .91% .91% .93% OATS— March 54% ... .54% .54=a May 55% .55% .55% .55% July 51% .51% .51% .51% RYE— March 1.06% 1.06% 1.06% 1.06% May 1.07% 1.06% 1.07% 1.07% Julv 1.01% 1.01% 1.01% 1.02% LARD— March 11.17 11.15 11.17 11.10 May 11.45 11.37 11.40 11.35 July 11.67 11.62 11.65 11.60 RIBS— May 10.77 July 10.95 Bn Times Speeial CHICAGO. Feb. B.—Carlots: Wheat. 22; corn. 306; oats, 62; rye, 3.

Local Wagon Wheat

Local grain elevators are paying $1.38 for No. 2 red wheat. Other grades are purchased on their merits. Births Girls Joe ana Wills Cox, 803 Torbett. Henry and Eertha Van Devanter, 822 S. West. Martin and Julia Shea. 628 N. Capitol. Cyrus and Clara Rader, 4504 E. TwentyFirst. Bert and Stela Poland, 1710 E. Raymond. Andrew and Myrtle Owens. 2SOI Annette. Russell and Vetha McMannis, 2353 N. Gale. Loy and Lyda Armstrong. 1414 S. New Jersey. Bud and Cordla Anderson. 417 W. Henry. Harold and Dorothy Neher, 529 £. Eleventh. Lee and Evelyn Jarrett, Methodist Hospital. Irvin and Frieda Duncan, Methodist Hospital. Edward and Doratha Hust, 1203 W. New York. Ingram and Lena Richardson, 2201 Valley. William and Alberta Woods, 1647 Alvord. Claud and Mettia Chastain, 203 Hiawatha. Roy and Gladys Bradley. 2147 Beilis. Edward and Josie James. 1244 Roache. Rvcl and Della Jones. 19 N. Bloomington. Herbert and Rose Taylor, 2416 E. Cornell. Rubin and Rose Green. 1833 S. East. Labe and Bertha Brooks. 1803 Wilcox. Earl and Mildred Crail, 3022 W. Vermont. Herbert and Elsa Jester. 2201 Morgan. Boys Newtcn and Myrtle Shepherd. 1003 Oliver. Louis and Ethe! Hoagland, 1125 W. Thir-ty-First. Winford and Lulu Bornman, 1810 Cottage. Orval and Mabel Murphy. 1816 Koehne. Charles and Beatrice Cohen, Methodist Hospital. John and Mildred Zeller. Methodist Hospital. Fred and Dorothy Orman, Methodist Hospital. William and Frances Lockett. 2402 N.~ Rural. Charles and Minnie Wilson. 2729 Columbia. Samuel and Anna Allen. 534 Blake. Benjamin and Philomena Connor, 219 Trowbridge. Vernon and Minnie Morgan, 542 Abbott. Luther ana Minnie England. 335 Blake. Ferdinand and Julia Williams, 943 Somerset. Hal and Edna Titus. 2525 E. Tenth. Joseph and Mary Foerdercr, 2616 E. North. Leo and Gertrude Prlller, 25 E. Minnesota.

Deaths Lulu Schon. 50. 623 N. Dearborn, cerebral hemorrhage. Fannie E. Mclntyre, 62. city hospital, cerebral hemorrhage. George F. Prlndlc, 49. 626 S. Meridian, acute dilatation of heart. August Brune. 83, 1112 Union, acute dilatation of heart. Orphah Sabina Harris. 42. Methodist Hospital, paralytic ileus. Robert Benson, 1 month. 1115 S. Illinois, hydrocephalus. Infant Watkins, 1 day, city hospital, premature birth. Francis Colder, 84, 2309 W. Morris, arteriosclerosis. Elnora Taylor. 27, 1217 E. Sixteenth, acute myocarditis. Egbert S. Dickerson, 54. Thirteenth and Lewis, accidental. John Gerren. 50. city hospital, chronic myocarditis. Henry McDlll Martindale. 40, 767 Hadlev. acute cardiac dilatation. Perry G. Heater. 54. 2412 Highland PL. acute parenchymatous nephritis. Robert J. Cottrell,. 37. Long Hospital, John Willard Robertson. 4. Riley Hospital. diphtheria. Elizabeth Loutt. 82. 1529 N. La Balle. hypostatic pneumonia. Marjorie Lois Fleury, 18, St. Vincent's Hospital, accidental. Isaac S. Harold. 76, 1701 N. New Jersey, cerebral hemorrhage. Helen M. Eichrodt. 57. 420 E. Fall Creek, cardiac asthma. Edward Rutherford Wright. 69. 3164 Kenwood, carcinoma. Mary Steck, 64, St. Vincent's Hospital, cholecystitis. Mattie Perry, 55, 120 W. Fourteenth, carcinoma. Foster Clark, 35. city hospital, accidental. Noah Dollarhlde, 78, 3453 Balem, broncho pneumonia. Henrv L. Shepherd, 76. 29 Norman Court, cardiac asthma. Olive Ann Smith. 61, 1831 Woodlawn, chronic myocarditis. Katie Miller. 69. 2510 N. Talbott, acute dilatation of heart. Woodford Ford, 58. 414 Blake, lobar pneumonia. Lillian Pipes. R months. 138 S. Sheridan, broncho pneumonia. Louis Coleman. 9 months. 1341 S. Tremont. broncho pneumonia. William Gregory. 40, 1419 Shepard, carcinoma. Luella Dillard. 37. city hospital, appendicitis. Irma M. Hederick. 17, Christian Hospital. hepatitis. Edward Franklin McCarmack, 64. Christian Hospital, duodenal ulcer. Building Permits Indiana Pythian building, elevator repair, Massachusetts and Pennsylvania. S2BO. T. J. Templeton, dwelling and garage. 405 E. Fifty-Second, $7,300. Aelina R. Crum, repair, 1410 S. Lee, SI,BOO. Mary E. Brown, garage, 941 N. Denny, S2OO. Emma Mayo, repair, 801 N. Alabama, $260. Wiliam F. H. Piel, steam plant, 5346 N. New Jersey. S6OO. George Gorbit, addition, 521 N. Elder, S6OO. Southern Building and Realty Company, dwelling and garage. 1322 N. Riley, $3,500. Southern Building and Realty Company, dwelling and garage. 6061 Lowell. $3,500. Joe Lentz, dwelling and garage, 1306 N. Euclid. $3,300. Garnitt Cooret, addition, 2155 Station, $350. -Bemis Bros. Bag Company, elevator shaftway. northwest corner Wabash and Blake. $4,000. Alvin W. Schreiber, garage. 936 N. Drexel. S2OO. W. F. Landis, repairs, 1832 N. Pennsylvania. S4OO. Hugh J. Baker & Cos., warehouse, 60 W. McCarty,- *5,000.

City News Told Briefly

THURSDAY EVENTS Indiana Brotherhood of Threshmen, Severln, all day. Mutual Insurance Companies' Union of Indana annual meeting, Denison, all day. Real Estate Board luncheon, Chamber of Commerce. Advertising Club luncheon, SplnltArms. Engineering Club luncheon, Board of Trade. Caravan Club luncheon. Murat Temple. Retail Credit Men’s Association luncheon, Chamber of Commerce. American Business Club luncheon, Columbia Club. Loyal Knights of the Round Table, Lincoln. Sigma Nu luncheon. Board of Trade. Sigma Chi luncheon, Chamber of Commerce. Panamoniam Chapter. D. R., luneneon, Severin. Veterans of Foreign Wars dinner. Claypool, 6:30 p. m. .... Indiana Section. Society of Automotive Engineers, dinner, Severin, 6:30 p. m.; meeting, 8 p. m. Thomas Snyder, president of the Motor Truckmen’s Association of Indiana, will leave Friday for Washington, D. C., to represent Indiana and Kentucky at an Interstate Commerce Commission hearing on placing of motor trucks, hauling for hire under the commission. Snyder, who was appointed at a luncheon Tuesday at the Chamber of Commerce, will oppose Government regulation. Essentials of business leadership were stressed by W. S. Elliott, G. &J. Tire Company, before the Stewards Club Tuesday night at White’s Cafeteria. The Central States Association, Phi Beta Pi, medical fraternity, will holds its convention in Indianapolis, March 9 and 10, Henry T. Davis, Inianapolis Convention Bureau manager, announced today. Herman Wolf of 3961 Guilford Ave. reported to police that thieves entered his garage Tuesday night, jacked up his car and took two rear tires. Mrs. Geo. Spindler, 4011 N. Meridian St., reported to police today that on Jan. 29 she lost a diamond bracelet valued at SBSO en route from her home to St. Vincent Hospital. The bracelet was set with forty diamonds, she declared. The Advertising Club will observe "Ladies day” at the Spink-Arms Thursday noon. Harry Boyd Brown of Philadelphia, advertising counselor to the Philadelphia Storage Battery Company, will speak on “Speeding Up Advertising.” “Farms” will be the subject of C. N. Williams, Farmers Trust Company president, at the Real Estate Board luncheon at the Chamber of Commerce Thursday. Police today are looking for a young woman who leaped through a window glass and escaped from a vacant house at 540 S. California St. They were called to the address late Tuesday by Mrs. Rolla Doolittle of 523 Kentucky Ave., who said she saw three men and two women enter the house. Later she heard one of the women scream and leap through a window. Police found no one. Hijackers,. or maybe just the exhaust of an automobile engine, brought police to the home of R. D. Williams of 826 E. Fifteenth St.. Tuesday night. Williams reported that two automobiles passed his house a short time before and that the passengers in the rear car fired several shots at the one ahead. No trace of the cars or bullets were found. Officials of the Indiana Travelers Assurance Company reported a substantial increase in business in 1927 at the recent thirty-eighth annual meeting of the company here. The company, organized in 1892. is the oldest mutual accident and health insurance organization in Indiana. Officers are: J. A. Cox, president, and D. G. Trone, Secretary-treas-urer. The officers and J. H. Newnam. J. M. Eldredge, R. D. Fielding and Riley Hunt are directors. Miss Georgia Madge, 24, of 284 Miley Ave. was injured slightly Tuesday night when an automobile in which she was riding was struck by another car. believed by police to have been stolen. The automobile was found a short time later wrecked at Senate Ave. and New York St., a block from the scene of the accident, Capitol Ave. and New York St. Police broadcast a request today to departments over the country asking that efforts be made to locate Harry Monroe Deck. He was last heard of in Denver, Colo. His mother, Mrs. Francis Deck Mein-

Commission Row

PRICE TO RETAILERS FRUITS Apples—Fancy barrel apples, seasonable varieties. $8.5041,9.50: barrel apples, $6.50 <iiS: fancy basket apples, seasonable varieties, $2.25(6 3.25 for 40 lbs.: choice box apples, seasonable varieties, $3,254*4.75. Cranberries—s7.so quarter barrel. Grapefruit—Florida. $3.50<36 crate. Grapes—California Emperors. $6 keg; California Malagas. $8 per keg. Kumquats—Florida, 20c quart. Lemons—California. $6.50(&9 crate. Limes—Jamaica. $3 per 100. Oranges—California navels, [email protected] crate; Florida, $405.75 crate. Pears—Washington D’Anjous, $6 box. Washington D'Anjous. $6.50 per box. Strawberries—Florida, $1.25 quart. Tangerines—Florida. [email protected] crate. VEGETABLES Artichokes —California, $1.75 dozen. Beans—Southern, $8 hamper. Beets—sl.2s bu. Brussels sprouts—3sc lb. Cabbage—H. G., l',i@2c lb.; Texas, 3',ic lb.: red. 3'sc lb. Carrots—sl bu. Cauliflower—California, [email protected] crate. Celery—California. $6. 8. 9 and 10-doz. crates; Florida, $3 per crate. Celery cabbage—s 2 doz. bunches. Cucumbers—lndiana hothouse, $3.25 for box of 1 doz. Eggplant—H. G., $2.25 doz. Endive—sl.so doe. bunches. Kale—s2.7s bbl.V Leek—soc bunch. Lettuce—Arizona, head, $4414.50 per crate; hothouse leaf, $2.15, 15 lbs. Mushrooms—sl.7s, 3 lbs. Onions —Spanish, $2.75®3 crate; Indiana yellow. $2.75 100-lb. bag; Indiana yellow or red, $2.50 cwt. Oysterplant—4sc doz. bunches. Parsley—6oc per doz. bunches; Southern. 90c. Parsnips—sl.so bu. telephone, $8.50 hamper. Peppers—Florida mangoes, $7 crate. Potatoes —Michigan wnlte. $2.90<53, 150 lbs.; Minnesota Russets. $2.60 120 lbs.; Minnesota Red River Ohios, $2.40 120 lbs.; Idahos, $2.75 cwt; Texas Triumphs, $3 per hamper. . Radishes—Hothouse buttons, 85c dozen bunches. Rutabagas—Canadian. $1.75 per cwt. Shallots—6sc doz. bunches. Spinach—Texas, [email protected] bu. Sweet Potatoes diums. $2 bu.; Indiana Jerseys. $3.25 bu.; Nancy Hall .$1.60 hamper. Tomatoes—California. $4.50415.50. 6basket crate; Cuban, $3.50®4.50 crate. MISCELLANEOUS Cider—s4.so. 6-gal. case: $4.75 doz. >,jKul. jars. Cocoanuts —$6 per 100. Garlic—2oc per lb. Oysters—Standards. $2.50 gal. Sauerkraut—sl2.so, 45-gal. bbl.

tyre, died at her home, 113 Greeley St., Tuesday night. Promising that the Winona Railroad Company can effect an annual saving of $12,000 if permitted to convert all of the cars operating between Peru and Goshen into oneman cars, the railroad has petitioned the public service commission to make the change. Howard K. Siscoe of Bloomington has made application to the public serivee commission for a certificate to operate a bus route between Bloomington and Terre Haute. Hearing on petition of the municipally owned water plant of Elkhart to issue $50,000 of 5 per cent bonds to defray erection of an elevated tank and make other improvements, was held today before Public Service Commissioner Howell Ellis.

CRASH VICTIM DIES OF INJURY Truck Driver Is Arrested After Accident. Robert Richart, 50, R. R. C. Box 116, struck by a truck on the -National Road near Ben Davis Monday night, died at Robert Long Hospital early today after being unconscious for twenty-six hours. Fred Linton, 52, of 2039 Mabel St„ truck driver for the Kroger Grocery Company, who was returning from Terre Haute at the time of the accident, was arrested. Lieut. Frank Owen of the Accident Prevention Bureau is investigating. John M. York, 77, of 2/35 N. New Jersey St., is in a serious condition at .city hospital.. He was struck by an automobile driven by John M. Cupp, 321 N. West St., at Central Ave. and Fall Creek Blvd. York suffered severe head and internal injuries. Other traffic victims: Mrs. Nathalia Ausmus, 28, of 158 W. Pratt St.; Ferdinand Norkus, 54, of 351 N. Jefferson St.; Miss Beatrice Neill, 33, of 730 N. Tibbs Ave.; August Karibo, 55, of 5590 Oxford St.

STATE SEARCH FOR FOUR MEN Officers and Prisoners Missing at Lafayette. By United Press LAFAYETTE. Ind., Feb. B. Search was made today for John T. Grove and Wallace McClure, Tippecanoe County deputy sheriffs, and Samuel Baxter and John Burns, convicted on robbery charges in the Tippecanoe Circuit Court and who have been missing since Tuesday. The quartet left here Tuesday for Pendleton, where Burns and Baxter were to begin the serving of sentences of five to twenty-one years in the State reformatory. Calls were made Tuesday night and today on A. F. Miles, superintendent of the reformatory, to learn whether the men had reached their destination, but nothing had been heard of them and a Sate-wide search was begun. C. M. Johnston, sheriff, is fearful his deputies have met with foul play, or that their automobile may have run off the road into a stream and all drowned.

FILE $1,000,000 BONDS TO GUIDE LILLY ESTATE Many Local Charities May Lose Bequests by Suit. Arthur V. Brown, president of the Union Trust Company, and John E. Hollett of the law firm of Walker & Hollett, 200 Indiana Trust Bldg., to-; day filed $1,000,000 bonds in Probate Court today as executors and administrators of the estate of the late James E. Lilly. The Union Trust Company was named executor in the Lilly will. Hollett is attorney for Mrs. Mary D. Lilly Kyle of Harrodsburk, Ky., a daughter of Mr. Lilly, who filed suit to break the will on Tuesday. Should the suit be successful, many local charities would lose thousands of dollars in gifts. FOUR BEGIN SENTENCES Convicted at Marion of Robbing in Three Counties. By Times Special MARION, Ind., Feb. B.—Four persons who for more than a year robbed stores and farm homes in Grant, Madison and Tipton Counties were taken to State institutions to begin serving five to twenty-one-year terms imposed by Judge J. Frank Charles in Circuit Court here Monday. Those sentenced are Frank Heater and his wife. Myrtle, Kokomo, and Edward Porter and Paul Massey, Elwood. Heater was taken to the State prison at Michigan City, his wife to the Indiana Woman’s Prison, Indianapolis, and Porter and Massey, both under 21 years of age, to the reformatory at Pendleton. PLAN MARINE MEMORIAL Gridley Midshipmen Will Take Part in Exercises Here. Midshipmen of Camp Gridley, summer naval training camp for boys at Riverside Park, will take part in memorial services Feb. 15, anniversary of the sinking of the battleship Maine, at the Denison, Lieutenant F. F. Knachel, commander, announced today. Knachel’s office, 1158 Consolidated Bldg., will be meeting place for the midshipmen who are asked to appear in white uniform. The service is sponsored by the United Spanish War Veterans and Veterans of Foreign Wars.

FEB. 8, 1928

BEECH GROVE TAX SALE ROW BELIEVED OVER Restraining Order Prevents Disposal of Property This Year. A row over payment of special assessment taxes of the city of Beech Grove, which entered Superior Court Five last week: in a suit for injunction, was believed at an end today, despite the fact that the questions involved are unsettled. County Treasurer Clyde E. Robinson is enjoined by an interloctory order of Superior Judge Joseph M. Milner from selling lots in Beech Grove, Monday, as set originally. If the lots, about one-fourth of all in the town, are not sold Monday, they cannot be sold for another year or until next year's date for delinquent tax sales. Talk of appeal from the order of Judge Milner subsided today, when it was learned that the Supreme Court hardly would have time to adjudicate the matter before the sale Monday. Work Done in 1923 Final settlement of the question in point, chiefly that of the authority of the town board to make the special street improvement assessment, and the manner in which the assessment was made, probably will take the form of civil suits by the town, for the collection of the delinquent taxes. The original total of the special assessment is approximated at $31,000, but property owners who paid the amount voluntarily have cut down the amount delinquent to about $6,000. The assessment was made to pay for street improvements at intersections, the abutting property having been taxed for the improvement directly in front of it. The improvement was made in 1923, but it was not until 1925 that the special assessment was ordered. County Attorney Clinton Givan, who defended Treasurer Robinson, attacked the authority of the board in making the levy, and the manner in which it was made. Relief for Year Judge Milner indicated the manner it was made is faulty. He did not, however, give a formal ruling on this from the bench, since the order issued settles the matter at least for the present. The interlocutory allows an appeal, while if it had been a temporary injunction, no appeal could be taken. Also, had it been a temporary injunction, a healing date would be set at which the Superior Court would be called upon to pass on the questions involved. Indications today are that this will not take place, since the halting of the sale gives relief for a year.

RELIEVE WATER LACK Patients May Be Back at Sunnyside This Week. Return to Sunnyside Tuberculosis Sanatorium of 151 patients, who were sent to their homes Sunday due to water shortage, may be possible by the latter part of this week, Dr. Harold S. Hatch, superintendent, said today. Workmen, attempting to recondition one of the three wells, expected to bring it in late today. If the water is found suitable and of sufficient quantity the patients will be allowed to return, Dr. Hatch said. Efforts to remedy the water situation permanently went forward Wednesday. Homer Rupard, engineer of the Indianapolis Water Company, was preparing a report on the situation for Dr. Alfred Henry, member of the board of managers, who In turn will submit it to the board of county ecumissioners. Rupard was asked to survey the situation as a disinterested engineer, and make recommendations toward preventing recurrence of the present shortage, which has grown more acute and subsided intermittently for more than a year. SET NEWBY LAST RITES Funeral for City Man Who Died in West Is Arranged. Funeral services for Herbert A. Newby, 36, of 418 E. Pratt St., who died Saturday in Los Angeles, Cal., will be held Thursday at 2:30 p. m. at the Hisey & Titus undertaking establishment. Raper Commandery, Knights Templar, will conduct the rites. Burial will be in Washington Park cemetery. Mr. Newby has been associated with Holcomb & Hoke Manufacturing Company as financial adjuster for five years. Surviving are the widow, parents, Mr. and Mrs. Harry Newby; two brothers, Harry B. Newby Jr., Milwaukee, Wis., and Robert M. Newby, Indianapolis, and grandmother, Mrs. Anna Newby, Indianapolis. Tax Board Authorizes New School Trustees and the advisory board of Union School Township, Fulton County, were directed today by the State tax board to advertise and receive bids for the erection of a $45.000 school building. •

P Everythin# / Nev in Motordom/ AUTO. BLDG. FAIR GROUND 102 AM TO/02PM DAILY