Indianapolis Times, Volume 39, Number 242, Indianapolis, Marion County, 16 February 1928 — Page 14

PAGE 14

LIST MOVES IN NARROW RANGE OPENINGTODAY Volume of Business Slows Down; Traders Await Loan Report.

Average Stock Prices

Average of twenty Industrials Wednesday was 197.59, off .34. Average of twenty rails was 134.01, off .45. Average of forty bonds was 99.40, off .05. By United Press NEW YORK, Feb, 16.—Price movements on the New York Stock Exchange were very narrow in the early trading today. Volume of business also slowed down and traders showed a disposition to await the report on brokerage loans to be issued after the close today. Utilities were firm with Electric Power, up 114 at 34, and Montana Power, up 2Vs at 156. American Power & Light gained 1% to 66% in moderate turn-over. Strength in this group followed passing by the Senate of the Walsh resolution for a utility inquiry with an amendment that the investigation be made by the Federal Trade Commission and zfbt by a Senate Committee. Railroad issues moved' narrowly in quiet trading, while the general run of industrials was irregular. U. S. Steel advanced Vs point to 144%, after an easier opening, while General Motors made up an early loss. Describing the market, the Wall Street Journal’s financial review today said: "The opening was little changed from the previous close and the volume of sales was moderate. The undertone was good with prices rallying fractionally in the early trading. Public utility shares were strojaer. A drive was concentrated oiPthc market in the second hour. There was some selling of General Motors and Steel, and prices receded. Support was forthcoming, however, and after the first shock, prices held and later rallied. Rails continued heavy.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $3,998.000. Debits were $7,442,000. TREASURY STATEMENT By United Press WASHINGTON. Feb. 16.—The Treasury net balance for Feb. 14 was $74,022,154.46. Customs receipts this month to Feb. 14 were $20,604,264.55. FOREIGN EXCHANGE By United Press NEW YORK. Feb. 16.—Foreign excfiange opened lower. Demand sterling, $4.86 15-16, off .00 3-32; francs. 3.92%c. off .00'',,: lira. 5.29’Ac. off ,00%; Belga. 13.90!ac. off .01%; marks. 23.84 c, up .00%.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Feb. 16.—This is the day when brokers loans will be one of the important topics of discussion. Many hope and anticipate a substantial decline. We don’t know whether the decline expected will be reported today or some other day, but that it will ultimately come we have no doubt whatever. You know one of the fundamental things to keep in mind is that there is no profit in getting into a heated argument with tne stock market or with the money market. Let them have their own way good naturedly, because they are going to have their own way anyhow. If liquidation is necessary in order to bring the stock market and the money market down to a safe level, its going to come whether you argue against its necessity, whether you argue against it’s advisability, or whether you try to check it individually or collectively. it’s a good deal like the law of nature that rules us all, and has its own way at the finish. We don’t think it is necessary to get into the old arguments indulged in by bulls and bears. It’s just a case of getting the house in order so let’s do it in an orderly fashion. Births Girls James and Viola Spears, 717 Elm. Henry and Mabel Guire. 1218 Orange. Elmer and Borotliy Wilkins, St. Vincent’s Hospital. Charles and Miriam Davis, St. Vincent’s Hospital. Dewitt and Doris Traylor. 1526 Linden. Virgil and Florence Colbert, 1125 McCord. Void and Ida Highbaugh, 220 Blake. Owen and Della Osborne, 510 W. Henry. Neil and Margaret Gushner, 3838 Fletcher. —■ Walter and Nancy Smith, 2812 McPherson. James and Emma Griffin. 509 Hiawatha. George and Bessie Key. 123 S. Noble. Virgil and Arloene Mombley, 2125 N. Wallace. Leslie and Leona Hatfield, 1305 E. Eleventh. Boys Neil and Hester Christensen, 173 E. Thirtieth. Meredith and Dorothy Snyder, St. Vincent’s Hospital. Paul and Marie Russe. St. Vincent's Hospital. Elmer and Beryl Davis, St. Vincent s Hospital. Fred and Edna Hohlweg, St. Vincent s Hospital. James and HaSel Baughn, 220 N. Hamllton. Cellon and Bessie Cullom, 2432 N. Rural. Robert and Elora Cross. 962 Roache. Ellis and Mildred Vaster. 236 Hanson. Harold and Janettte Alexander, 2407 Tandes. Wallace and Helen Vawter, Christian Hospital. Elijah and Helen Burke, 538 Arnolda. Cloyce and Wilma Molr, 836 N. Denny. Fred and Elsie Kennedy. 2307 Barrett. Emil and Jullk De Julio, 4001 E. Washington. Rex and Mildred Smith, Christian Hospital. Ellis and Mary Kauffman, Christian Hospital. Deaths Thomas Martin Smith, 73, St. Vincent's Hospital, carcinoma Homer M. Ogle. 52, Central Indiana Hospital, broncho pneumonia Ellen F. Pike, 76. 1423 Cruft, chronic myocarditis. Lowell R. Smalley, 30. 210 E. TwentyFifth. pulmonary tuberculosis. Alice Walters, 70. 961 N. Haugh, broncho pneumonia. Nora E. Heady, 58, 719 Carlisle Pl„ cerebral hemorrhage. „ Lunora Thornburg, 66, 34 N. Traub. diabetes. Eunice E. Hansing, 22, 1836 Barth, patent foramen ovale. Mary Blaine. 68. 630 Eugene, acute myocarditis. Peter J. Daniels, 63, 1206 Churchman, cerebral hemorrhage. Ann A. Mack. 89, 3642 Hemlock, chronic myocarditis. James Hook, 83. 1859 ','2 Shelby, chronic Interstitial nephritis. Albert Ross Lee. 7’, 1320 Pruitt, carcinoma. . Jess H. Moon, 33, Christian Hospital, meningitis. . . , Jacob Klrschoer, 56, city hospital chronic myocarditis.

New York Stocks (By Thomson St McKinnon)

—Feb. 16— Prev. Railroads— High. low. 12:00. close. Atchison 184% ... 1?3% 185% Atl Coast Line ... 178 Balt & Ohio ....11074 ... 110% 110% Canadian Pac ..202% ... 200% 202% Chesa & Ohio ..193 192 192 192 Chi & Alton 5% Chi & N West.. 80% ... 80% 80 Chi Grt West... 9% ... 9% 10% C R I & P 108% Del & Hudson... 165 ... 165 165 Del & Lacka ..130% ... 130 130'% Erie 51% bl'/a 51% 51% Erie Ist pfd 56% Grt Nor pfd 94% ... 94% 94% II! Central .....5% ..." 135% 135% Lehigh Valley ... 86% Kan City South 54% ... 5474 55% Lou & Nash .... 148 M K & 1 35 ... 35 35% Mo Pac pfd 107% ... 107% 10774 N Y Central 156% ... 156% 156% NYC & St L... 130% ... 130 NY NH H. ... 627a ... 61% 62 Nor Pacific 94'% ... 9414 94% Norfolk & West 182 ... 182 182% Pere Marquette 138 Pennsylvania ... 63% ... 6314 63% P & W Va 125% ... 125% 135% Reading 98% 98% 98% 26% Southern Ry ...143% ... 1i27 143% Southern Pac ..120% ... 120 130% St Paul 16% ... 16% 16% St Paul pfd .... 30% ... 29% 30% St L ft 8 W 70 ... 70 71% St L & S F 111% ... 111% 111 Texas & Pac ...117% ... 117 118 Union Pacific ..192% ... 192 193% West Maryland 36% Wabash 55 Wabash pfd 30 Rubbers— Ajax 10% 10% 10% 10% Fit* 15% ... 15% 15% Goodrich 87 86% 86=4 87 Goodyear 64% 63% 64 64 Kelly-Spgfd 20 19% IP"4 20% Lee 20% 1944 20% 19 United States .. 5244 5144 52 52 Equipments— Am Car <7j Fdy..107% 10714 107 107 Am Locomotive 109% Am Steel Fd.... 6044 60% 6044 6974 Baldwin Loco ...250 ... 230 2497 General Elec ...130% 12944 130% 129 7s Gen Ry Signal. .10844 ... 108% 109 Lima Loco 58 N Y Airbrake .. 47% 47Vi 4744 47Vi Pressed Stl Car 24% Pullman 82% ... 81% 82% Westingh Air B 52% ... 52% 52% Westingh Elec.. 9671 94% 95 96% Steels— Bethlehem 6014 59% 5944 60 Colorado Fuel .. 77 Vi ... 76 77'4 Crucible 8744 ... 8744 87% Gulf States Stl... 53% ... 53 53 Inland Steel ... 49% ... '49% 60% Phil RC & 1... 3574 34% 3444 33% Rep Iron & Stl. 62 61% 62 62% Sloss-Shcff - 131 U S Steel 144'4 ... 143% 144 Alloy 3074 30 Vi 30% 30% Youngstwn Stl ... 97% Vanadium Corp. 85 82Vi 83 Va 8214 Motors— Am Bosch Mag 17% Chandler 1574 ... 15% 1544 Chrysler Corp... 58’ 53V 58% 58% Conti Motors ... 10'% ... 10% 10% Dodge Bros 18% ... 18% 19 Oabriel Snbbrs.. 21% ... 21% 21% General Motors .137% 136% 136% 137% Hudson 83% ... 82% 83 m 10 ... 9% 9% Mack Trucks ...100% ... 99% 1004s Martin-Parry 13 Moon 6Vi ... 67i 6 Motor Wheel ... 26 ... 2544 26 Nash 85 % ... 84% 85% Packard 58% 68% 587s 5844 Peerless 17Vi 164 1644 17% Pierce Arrow 12% Studebaker Cor. 64 ... 62% 63% Stew Warner .... 82 ... 61% 81% Stromberg Cart 50 Timken Bear ...121% 120% 120% 121% Willys-Overland. 1844 ... 1845 18% Yellow Cffbch... 31 30% 30'i 31% White Motor ... 3144 31 31% 31 Mining— Am Smlt & Rfg.. 17844 ... 177 178% Ancadona Cop... 57% 57 57'% 5774 Calumet & Ariz. .102% ... 102% 102% Cerro de Pasco. 65 44 ... 65 % 65 Chile Copper .. 40% ... 407a 40% Greene Can C0p.133'.% 131'% 13275 132% Inspiration Cop 19% Int Nickel 9274 91% 91% 927i Kennecott Cop.. 84 8374 83% 83% Magma Cop .... 49% ... 49% 49% Miami Copper .. 1974 ... 19V4 18% Texas Gulf Sul. 72Vi'% ... 71% 714* U S Smelt 41% 41 41% 41 Oils— Atlantic Rfg 100 ... 99% 99% Cal Petrol 24% ... 24 75 24% Freeport-Texas .. 71% 7675 77% 80% Houston Oil ... 136 ... 13474 136 Xndp Oil & Gas 23% 23'% 23% 24 Marland Oil ... 33% 33% 33% 3344 Mid Cont Petrol 2674 ... 26 % 26% Lago Oil & Tr 3074 Pan-Am Pet B. 39% 3874 3874 39% Phillips Petrol.. 36 74 35 74 35 41 3674 Pro <fc Rfgrs .. 2144 ... 214a 21% Union of Cal .. 43 ... 43 43 ure Oil 20% ... 2074 2044 Royal Dutch 46*/a Bhell 24% ... 24% 24% Simms Petrol .. 18% ... 1844 1844 Sinclair Oil .... 18% 1844 18% 18 Bkelly Oil 2574 ... 25’% 25% Std Oil Cal 53% 5344 53% 5344 Std Oil N .J ... 38% ... 38 38% Std Oil N Y ... 2974 ... 29Vi 2974 Texas Corp 50% 5044 50% 50% Transcontl 744 ... 77 8 7% White Eagle 21 >% Industrials— Adv Rumely ... 13% ... 13% 13% Allis Chalmers.. 121 ... 119% 120 Allied Chemical 152 74 ... 151% 15244 Armour A 15 ... 14% 15 Amer Can 79% . . 7974 79f • Am Hide Lea... 1274 ... 127a 12% Am H L pfd ... 56 ... 56 57 Am Linseed 73% 71% 73 7244 Am Safety Raz 57 Am Ice . 32% ... 32% 32% Am Wool 24*4 ... 23% 24 Coca Cola 134 74 ... 134*4 134% Conti Can 91 9044 91 90% Certainteed ... ... 58', Congoleum 25% Davison Chem.. 40 ... 4040 Dupont 325 ... 325 324 Famous Players 115% 115% 115% 115% Gen Asphalt ... 76 757* 76 7574 Int Bus Mch .. 13974 ... 139 13874 Int Cm Engr... 50% 49% 50 74 50% Int Paper 75 73 7i 75 74 Int Harvester.. 2337s ... 23274 234*4 Lambert ... . g 4% Loews 62% 61% 62 61% May Stores ... ... 793Montgom Ward. 14574 ... 1441-4 145% Natl Lead ..... 13274 ... 132% 132% Pittsburgh Coal. 49% ... 49% 50 Owens Bottle .. 767i ... 76% 76tt Radio Corp .... 9U4 90% 9074 90% Real Silk 26 25% 26 26 Rem Rand 30 29 29 28% Sears Roebuck.. 89% ... 8874 89% ®n Carbide .139% 138% 138% 139% United Drug ...198 1977* 198 197 Univ Pipe 25 24 24% 25 U S Cs Hr Pipe 206% ... 202 206 US Indus Alco.. 114% 113 11374 113 Worthington Pu 2914 Woolworth— Cos.. .182*4 181% 182% 181% Am Tel & Tel... 178% ... 178% 17874 Am Express ... 190'4 Am Wat Wks... 5774 ... 5774 571? Brklvn-Manh T. 58 74 ... 58 Col G& E 94% 93 94 9374 Consol Gas 134% ... 134 134 fkec Pow & Lt.. 34% 33% 33% 33 Interboro .. . 3514 Nor Am C 0..... 62 61 74 61*4 61 74 Man Elec Ry... 43 ... 43 Peoples Gas' 181*4 18074 181 181% Std Gas & E 1... 6374 6174 62*4 61% Untllltles Power 29*4 29'/* 29% 2974 West Union Tel jgg “ Shipping— Am Inti Corp... 79% ... 78 79*4 Atl Guif ft W I 40 ... 4040 Inti Mer M pfd.. 36% ... 36% 36*4 United Fruit ..13874 138 138*4 138 Foods— Am Bug Rfg ... 57% 57% 57% 57% Am Beet Sugar 15% Austin Nichols 4% Beechnut Pkg 77 California Pkg 73% Corn Products.. 67% ... 67% 6774 Cuba Cane Su p. 25 24% 25 25 Cuban Am Sugar 20% ... 2074 20 Fleischmann Cos. 70% ... 59% 70*4 Jewel Tea 83 74 ... 83 74 84 Jones Bros Tea.. 3274. ... 32% 33*4 Natl Biscuit ...172 ... 170 ...' Punta Alegre 29% Postum Cos 123 74 .... 12314. 123 74 Ward Baking B 2674 ... 2674 267i Tobaccos— Am Sumatra... 5714 57*4 5714 58 Am Tobacco 16414 Am Tob B 162*4 ... 162 163 Con Cigars 83% ... 8314 83 General Cigar .. 70 7* ... 70 74 70% Lorlllard 38 7i 3714 38 37*4 R J Reynolds 15014 Tob Products B 113% United Cigar St 32% ... 32*4 337i Schulte Ret Strs 5174 ... 5014 5174 REAL ESTATE EXPERT TALKS TO CITY BOARD Belief That Values Constantly Rise Erroneous, Says Speaker. Belief that real estate constantly increases in value is erroneous, Arthur J. Mertzke, director of research and education for the National Association of Real Estate Boards, declared at the Indianapolis Real Estate Board weekly luncheon at the Chamber of Commerce at noon. * "In every town you will find some real estate steadily increasing in value, other remaining stable, and it is a very unusual town that doesn’t have some section in which property "values are declining. "Population alone is not an index of land values, for it Is true frequently that as population decreases land values rise. # "If the proposition were true, land values In the slums would be. higher than in sparsely settled, high class residential districts.”

HOGS FALL OFF GENERALLY 10 CENTSAT MART Vealers Take 50-Cent Increase After Falling and Rising. —Hog Trice Range— Feb. Bulk. Top. Receipts. 9 8.50(5) 8.85 8.85 5.500 10. 8.400 8.75 8.75 13.000 11. 8 35# 8.75 3.75 7.500 13. 8 250 8 65 8.65 5.500 14. 8.35® 8.75 8.75 5.500 15. 8.35® 8.75 8.75 10.000 M 6. 8.25® 8.60 8 60 9,500 After holding steady Wednesday, hogs fell off about 10 to 15 cents on the hundredweight at the Union Stockyards today. The top was down to $8.60. Receipts were about 9,500 and there were 535 holdovers. Calves were up 50 cents and all other divisions were steady with generally normal receipts throughout. Most early bids were 5 to 10 cents lower at Chicago in a slow opening. The top bid was around $8.20®8.30. Rccepits were approximately 53,000. Lights Unchanged Heavy meat animals were $7.90® 8.25, 10 cents lower and material* in the 200-250-pound class sold at [email protected], off 10 to 15 cents. The hog top remained in the 160-200-pound class, which brought $8.50® 8.60, 15 cents lower on the high end. Other classes were unchanged. 130-160 pounds going at sß® 8.50. ; pigs at $6.50® 8 and packing sows j at $6.50® 7.25. Cattle were steady, with the ex-! ception of beef steers, which were j weak at $10.50® 13.25. Beef cows brought s7® 10 and low cutter and cutter cows $5.50® 6.75. Bulk stock and feeder steers were $7.50® 9. About 700 head were received. Calves Up Again Best vealers sold at sl7® 18, up 50 cents to sl. after advancing and declining for three consecutive days. Heavy calves were unchanged at $6.50® 10.50. Receipts were about 600. Sheep and lambs were steady to strong, with 300 animals in the pens. The top remained quotable at sl6. Bulk fat lambs brought $14.50® 15.75, up 25 cents on the top. Bulk fat lambs were steady at $7.50 ® 11.50 and fat ewes advanced 50 cents on the top, selling at $6.50® 9.50. —Hogs— Receipts, 9,500; market lower. 250-350 lbs $7 90*7 8.25 200 to 250 lbs 8 25® 8.50 160-200 lbs 8.50® 8.60 130-160 lbs B.ooo* 850 90-130 lbs 6.50 V 8 00 Packing sows 6.50® 7.25 —CattleReceipts. 700: market steady to weak. Beef steers $10,504; 13.25 Beef cows 7 00010.00 Low cißters and cutter cows.. 5.500 6.75 Bulk Stocker and feeder steers. 7 50® 9.00 —Calves— Receipts, COO; market higher. Best vealers $17.00018.00 Heavy calves 6.50® 10.50 —Sheep and Lambs— Receipts. 300; market steady. Top fat lambs $16.00 Bulk fat lambs 14.504115.75 Bulk cull lambs 7.50® 11.50 Fat ewes 6.50® 9.50 Other Livestock By United Press FT. WAYNE. Ind.. Feb. 16.—Hogs—Receipts. 400; market 15c lower: 180 to 200 lbs., $8.35; 160 to 180 pounds. $8.25: 200 to 225 lbs.. $8.20; 225 to 275 lbs.. $8.05: 275 to 350 lbs., *7.85: 140 to 160 lbs , $7.85; 110 to 140 lbs.. $7.40; 90 to 110 lbs., $6.60: roughs. [email protected]: stags. $4 to *5. Calves— Receipts, 25: market $16.50 down. SheepReceipts. 100; marke. for lambs $14.50 down. Z\y United Press CLEVELAND, Feb. 16.—Hogs—Receipts. 2.000; market steady to 10c down: 250-350 lbs., $8.4041)8.60. 200-250 lbs., *8.6008.85; 160-200 lbs.. $8.7541.8.85: 130-160 lbs . $7.75 @8.85; 90-130 lbs., $7.500)7.75; packing sows, s7® 7.25. Cattle—Receipts. 150; calves, receipts 300: market steady; beef steers, *11011.75; beef cows. $709; low cutter and cutter cows. ss®6: vealers, sl6 ©18.50. Sheep—Receipts. 1.000; market lambs 254140 c down: top fat lambs, $16.25; bulk fat lambs, $15.75® 16; bulk cull lambs. SIB® - 13.50; bulk fat ewes, S6O 8. E,’i United Press PITTSBURGH. Feb. 16.—Hogs-Receipts, 2.000: market steady to 10c down; 250-350 lbs., $8,254(8.75: 200-250 lbs.. $8,704/9.10; 160-200 lbs., 5909.10: 130-160 lbs., $8.25® 9.10; 90-130 lbs., $7.7508.25; packing sows. s7® 7.50. Cattle—Receipts, none; calves, receipts 100: market strong to 50c up; beef steers, $11.75® 14.25; vealers. sl6® 18. Sheep—Receipts, 500: market. lambs steady; sheep 50c up; top fat lambs. $16.35; bulk fat lambs, $164(16.35; bulk c\ll iambs, sl2® 14. N By Times Special LOUISVILLE, Feb. 16.—Hogs—Receipts. 1,200; market, 10c lower: 250 lbs. up, $7.90; 175-350 lbs,. $8.50; 130-175 lbs., $7.70: 130 lbs. down. $6.15; roughs, $6.35; stags, $5.60. Cattle—Receipts, 200; market, steady. Calves—Receipts. 200; market, steady; good to choice. $134/15; medium to good. sll® 13; outs, sll down. Sheep—Receipts, 50; market, steady; top lambs. $134/ 13.50; seconds. sß® 10. Sheep—s4®)l7. Wednesday's shipments—Cattle, 64; calves, 210; hogs, 192; sheep, none. ' Bii United Press EAST BUFFALO. Feb. 16.—Hogs—Receipts, 1,500; holdovers. 2,606; market, steady to 10c down; 250-350 lbs., $8.15® 8.90 : 200-250 lbs., $8,754(9.10; 160-200 lbs.. $8.90®9.15; 130-160 lbs.. $8,350.9; 90-130 lbs.. $7,750)8.50; packing sows. $707.50. Cattle—Receipts, 150. Calves—Receipts, 100; market, steady; calves, steady; light yearling steers aand heifers. sl3; low cutter and cutter cows, $4 [email protected]; vealers. $17.50@>18. Sheep—Receipts, 200; market, steady to lower; top fat lambs, $16.25; bulk cull lambs, $12014; bulk fat ewes. sß@9.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. Feb. 16.—Cotton is strong and shows its reserve power in resistance to all pressure. We hear from Carolina that mill sales of goods have been excellent for the last two weeks. We are for buying on all setbacks. REALTORS CLASSIFIED First Steps Taken With Organization of Subdividers. First steps toward classification of membership was taken by the Indianapolis Real Estate Board at the Chamber of Commerce Wednesday when a subdividers’ division was planned and a committee appointed to complete organization. Such classifications are already maintained by The National Association of Real Estate Boards. The idea of the subdividers divisipn is to create good will between this real estate branch and to have mutual discussion of problems. Members of the committee charged with completing organization of the division are C. B. Durham, chairman; Henley T. Hottle, William Low Rice, Fred C. Tucker and William H. Cooper. DePouw In Debates Friday By Times Special GREENCASTLE, Ind., Feb. 16. The Miami debating squard will meet DePauw debaters here Friday, while another DePauw team goes to Indianapolis to argue with the Butler University team.

VHK iiSJJIAiNArUJLiiC) TJJihib

Produce Markets

Butter (wholesale price)—No. 1, 49® 50c; No. 2. 47®48c lb. ButterfaV ibuying price)—46c lb. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off. 24®25c dor. Cheese (wholesale selling prices, per pound' —American loaf. 35@38e: pimento loaf, 380 40c; brick loaf. 35®33c; Swiss No. 1. 42®44c; imported Swiss. 52c: Wisconsin Pat. mild and sharp, 32®34c; print cream, 380 40c; flat display. 28®30c; Longhorn. 28®29c: New York limberger. 42® 44C. w Poultry (buying prices)—Hens. 21©22c; Leghorn hens. I60I8C: springs. No. 1 soft meated, 20®22a: Leghorns. 13®16c; staggy young springs. 13®15c; roosters. 10®12c; Leghorn stags. 10® 12c: capons. 8 lbs. and over, 30032 c; 7 to 8 lbs.. 29®30c: 6 to 7 lbs.. 25®27c: under 6 lbs. and slips, 22 ®,25c; ducks, 15® 17c: geese, 13® 14c. By United Press CLEVELAND. Feb. 16.—Butter Extras In tub lots. 47%®49%c: firsts, 44®4$c; seconds. 41® 43c; packing stock. 30®32c. Eggs -Extras. 34c- extra firsts. 33c; firsts, 30%c; ordinary. 29%c.' Poultry Heavy fowls. 290 30c; medium. 27'/ 28c: Leghorns. 21©23c: heavy springers. 29 ft3oc; Leghorn springers. 204/22c: ducks. 230?.5c: jgeese. 210 23c: old cocks. 17®18c. Potatoes Round white. 150-lb. sacks /New York, $3.254/3.35; Maine. $3.6003.75,; Ohio. $2.85 03; 120-lh>. bags Minnesota. $2.40 S 2.50: Maine Green Mountain. $3,4/3.25; Idaho Rurals. $2.35® 2.60: 100-lb. sacks Bakers, $3; homegrown, bushels. $1:354/ 1.40; Florida. bushel crates. Rose, $2,254/2.50: Texas Triumphs. 100-lb. sacks. $4.750 5; Cuban, 52-lb. crates new "Reds.;.* sl. By United Press NEW YORK. Feb. I.—Flour Steady and unchanged. Pork-Dull; mess. $30.26. Lard—Steady; Midwest ,<pot, $11.600 11.70 Sugar—Raw easy: spot 96 test delivered duty paid. 4.31 c: refined quiet; granulated. 5.70 c. Coffee—R.j/A No. 7 on spot. 15%c; Santos No. 4. 21%0 22'iC. Tallow -Quiet; special to extra. 8%0 B%c. Hay- Dull: No. 1. $1.05 nominal: No. 3. 75® 90c; clover. 65c 0 sl. Dressed poultry - Steady to firm; turkeys. 300 47c: chickens. 184/ 46c; broilers. 45 0 60c; capons. 300 50c: fowls, 18® 32c: ducks, 18©22c; Long Island ducks. 200 28c. Live poultry—Steady to firm; gees? 110 25c: aucks. 16©33c: fowls. 26 0 27c; turkeys. 30®50c; roosters. 18c; chickens. 28 4 36c: capons, 304/ 40c: broilers, 420 52c. Cheese—Steady; State whole milk fancy to specials, 294/29%c; Young Amer‘ca. 290 29 %c. Potatoes—Long Island. *2.2(05 25: Jersey, basket. $1 1 1.25: Southern. crate. $2: State. $3.250 3.40; Maine, $3.250 4.35: Bermuda. $3 4 9. Sweet potatoes Jersey, basket, 75c0 $2 SO: Southern, basket. *1.7501.90 Butter-Receipts. 10,736; creamery extras. 45c: special market. 45% ©46c. Eggs -Irregular: receipts, '25.087: nearby white fancy, 40c; nearbv State white, 370 39c; fresh firsts. 35%®36c; P?cizc roasts. 37 " 40c; western whites, 37© 38c; nearby browns. 374141 c.

Commission Row

PRICER TO RETAILERS FRUITS Apples—Fancy barrel apples, seasonable varieties. *8.50®9: barrel apples. $74/8; fancy basket apples seasonable varieties. $2.25 4 3,40 lbs.: choice box apples, seasonable varieties. $3,254/4 75. Cranberries—s7.so quarter barrel. Grapefruit—Florida. *4ft;5.50 crate. Grapes—California Emperors. $b keg: California Malagas. $8 per keg. Kumquats—Florida. 20c quart. Lemons—California. $8 a crate. Limes—Jamaica. $3 oer 100 Oranges—California navels. $4©5.50 crate: Florida. *4.750 6.50 crate. Pears -Washington D'Anjous, $6 50 box Washington D'Anjous. *6.50 per box. Strawberries-Floria, 85c quart Tangerines—Florida, $3.7504.25 crate. VEGETABLES Artichokes—Callfornie. $1.75 dozen. Beans—Southern, $8 hamper. Beets—sl.2s bu. Brussels sprouts—3oc lb. Cabbage—H. G. t I%®2c lb.; Texas. 4c lb.: red. 4c lb. Carrots—sl bu. Cauliflower—California. 2©2.25 crate. Celerv—California. $6 per 8. 9 and 10doz. crates: Florida. $3 per crate. Celery cabbage—sl.so doz. bunches. Cucumbers—lndiana hothouse, $3 lor box of 1 doz. F.ggplant—H. G,. $2 doz. Endive—sl.so doz. bunches. Kale— $2.75 bbl. Leek—soc bunch. lettuce-Arizona, head 4 per crate; hothouse, leaf. $1 SO. 15 lbs. Mushrooms—sl.7s, 3 lbs. Onions—Spanish. *2.75’? 3 crate: Indiana yellow. $2.75 100-lb. bag; Indiana r'd. $2.50 cwt. Oysterplant—4sc doz. bunches. Perslev—6oc per doz bunches. Parsnips—sl.so bu. Peas—California telephone, $7 hamper. Peppers—Florida mangoes. $6 50 crate Potatoes- Michigan white. $3®3.35, 150 lbs.: Minnesota Russets. $2.60 )20 lbs.: Minnesota Red River Ohios, $2 50. 120 1b3.; Idahos. $2.75 cwt; Texas Triumphs. $3 per hamper. Radishes—Hothouse buttons. 75c dozen bunches. Rutabagas—Canadian. *1.75 per cwt. Shallots—soc doz. bunches. Spinach—Texas. $1.65 bu. Sweet Potatoes diums. *2 bu.: Indiana Jerseys. $3.50 bu.; Nancy Hall. *1.75 hamper. Tomatoes--California. ss® 6, 6-basket crate; Cuban. *3.50© 4.50 crate. MISCELLANEOUS Cider—s4.so. 6-gal. case: *4.73 doz. %- gal. Jars. Cocoanuts—s6 per 100. Garlic—2oc per lb. Oysters—Standards. $2.50 gal.

Vy United Press CHICAGO. Feb. 16.—Green fruits: Apples. *7O 12 per barrel: cranberries, *l4 ®l6 per box; strawberries, 65 0 70c per quart.

Local Wagon Wheat

Local Brain elevators are payiriß $1.39 for No. 2 red wheat. Other Kradcs are purchased or. their merits.

In the Sugar Market

(Bv Thomson Ss McKinnon) NEW VORK. Feb. 16.—Ltauiotetion by March longs has caused considerable unaettlement in the sugar futures market. For the moment there does not appear to be new outside buying interest, theishorts being the principal buyers in the liquidation movement now under way. Cuban producers appear more anxious to sell than thev have been of late. ce.uslng the actual market to go below 2% cents. This unsettlement is likely to continue for the E resent, but we believe late deliveries ought at these levels will show a profit. Building Permits State Auto Insurance Company, partitions. 122 E. Michigan. *1.200. Ella J. Vick, porch. 933 Spruce. *336. Mamie Smith, dwelling, 525-27 S. Arlington. 02.600. Max Kaufman, alterations, 1938 Central. $2,000. Zelda Smith, addition. 530 Arbor. *2OO. M. Mauer. furnace. 1322 Union. *325. Anna Kropp. garage, 1409-11 Ringgold. $250. Mrs. McCrea, repair, 2952 N. Illinois. $3,000. H. E. Twigg, garage, 851 S. Sheffield. 8225. Mrs. Maggie Potter, furnace, 273 E. Minnesota. S2OO. M. O'Neil, furnace, 709 E. New York, S2OO. Carr Tire Company, remodel, northwest corner Michigan and Delaware. $3,000. Charles R. Ettinger, dwelling and garage, 806 Berkeley. $5,800. Chester Cones, dwelling and garage, 6123 Primrose. $3,600. I. Sarfaty. furnace. 1006 S. Capitol, *260. J. M. Merklcy, furnace, 1118 English. *407.42. Edward W. Claffey, furnace. 965 English. $345. JNI. Liggnis, furnace, 2364 N. Oxford. $315. A. A. Grove, reroof, 1204 Tuxedo, *2lB. M. Goss, reroof. 25 N. Walcott, $264. C. F. Malev. reroof. 243 N. State. $229. O. H. Jackson, reroof, 1126 N. Beville. $220. Maurice Schwartz, repair. 2182-84 N. Talbott. S2OO. Maud L. Secrest, furnace, 204 N. Alabama, $1,085. Grlnslade Construction Company, dwelling and garage. 424 E. Southern. *2.150.

/ Buy and Sell Central Ind. Power Pfd. Newton Todd

415 Lemcke Bldg.

SAFE DEPOSIT BOXES The - Meyer-Kiser Bank 128 E. Washington St t 111

WALL PAPER WALL SILK FOR A VftlTG Interior Decorating JK Alla A 0 nOSER-ALLEM W Faint and Glass Cos. " S3 South Meridian Street

FOREIGN MARTS ADVANCE; GRAIN FUTURES GO UP / Wheat Leads Chicago Upturn and Corn and Oats / Follow. By United Press CHICAGO, Feb. 16.—A sharp advance in foreign markets and the report that . Russia was buying wheat at Winnipeg, sent wheat futures on the Chicago Board of Trade into a sensational upturn today. Com was boosted by a combination of bullish factors, and oats advanced in sympathy. Late in the day wheat was around 2 to 2% cents higher; com was around l’i to 2 cents higher, and oats had advanced a good fraction. Wheat's opening advance of 1 cent or more, sent all interests rushing to buy. Higher Liverpool cables prompted the early upturn. When reports of foreign buying, especially from Russia, came in, shorts began to cover fractionally and there was a general active scramble. All prices rose rapidly. The com pit saw another big market, with outside interest much larger than for some time. Higher Argentine markets, and impassable roads through much of the belt were the main bullish factors. Cash corn advanced 1 cent. Oats trade was moderate, all futures advancing with other grains. Provisions worked lower. Chicago Grain Table —Feb. 16WHEAT— prev. High. Low. 12:00 close. March 1.32% 1 31% 1.32’* 1 30% May 1.33*4 1.31% 133 1.30% JWy 1-30% J. 28% 1.30% 1.27% CORN— March .96 .94% .95% .94% Mav ,99% .98 99 ,98'i July 1.01 .99% 1.01 .99% OATS— March 55% .54% .55 .53 May 55% .551. .55% .55% Ju^' yF — i2 ’" -52% .52% March 1.10% 1.09% 110% 109 May 1.11% 1.10 111 1.09% July 1.05 1.03% 106 1.04% LARD— March li 20 May 11.47 11.43 11.50 July 11.75 11.70 11.77 RIBS— May 11.00 July 11.17 1117 11.30

$8,500,000 The E. W. Scripps Company (Controlling the Scripps-Howard Newspapers) Fifteen-Year 5%% Debenture Gold Bonds To be dated February 1, 1928, To mature February 1, 1941. It is calculated that the operation of the Sinking Fund will retire more than two-thirds of entire issue at or before maturity. Guaranty Trust Company of New York, Trustee. A letter from Mr. Roy W. Howard, Chairman of the Board of the Company, copies of which will be furnished upon request, has been summarized by him as follows:

History and Business The E. AY. Scripps Company, a corporation organized under the laws of the State of Ohio, operates and controls (through direct or .iudirect ownership of at least 51% of the voting stock) the various companies comprising the ScrippsHoward newspaper organization, which includes a chain of 26 newspapers located in important cities throughout the United States. The share of The E. W. Scripps Company in controlled properties has been Recently valued by an independent appraiser at more than $32,000,000. The Seripps-lloward organization began 'with the founding of the Cleveland Press by Mr. E. W. Scripps in 1878 and has subsequently been developed and expanded almost entirely from earnings. It has made profits and paid dividends without interruption for more than 40 years, lt now controls a larger number of newspapers than any similar organization here or abroad and occupies one of the leading positions in the newspaper field in this country. Provisions of Issue The Bonds are to be the direct obligations of The E. AV. Scripps Company. The Agreement under which the Bonds are to be issued will provide among other things, substantially, that the. Company (a) will not create any mortgage on any of its property without equally securing these Bonds, and will not permit any mortgage on the property of any subsidiary (as defined in the Agreement) unless the Company or another subsidiary shall acquire and hold such mortgage; such restrictions not to include purchase money mortgages or the refunding thereof or the refunding of the $4,300,000 present mortgages on subsidiary properties, or pledges of pei'sonal property by any subsidiary to secure loans of not more than one year made in the regular course of its business. (b) will not declare or pay any dividends (other than dividends payable in capital b? stock) except out of surplus earnings accumulated subsequent to January 1, 1926. Purpose of Issue The proceeds of this issue will be used principally to reimburse the Company for expendi-

Authorized 810,000,000. Presently to be issued $8,500,000. Coupon Bonds in denominations of SI,OOO and SSOO. Interest payable February 1 and August I. Principal and interest payable at (he Guaranty Trust Company of New York, Trustee. Redeemable, as a whole or In part, at the option of the Company at any time on 30 days notice, at 103% and accrued Interest, to and Including February 1, 1931, the premium thereafter decreasing Vn of 1% for each year or fraction thereof elapsed. Pennsylvania Four Mills Tax Refundable. 99 and interest, to yield about 5.60% When, as and if issued and received by ns and subject to the approval of connsel. All legal details ar# to bo passed upon for the Bankers by Messrs. Davis, PoUt, Wardwell, Gardiner A Reed, and for the Company by Messrs. Baker, Hostetler A Sldlo. I* Is expected that temporary Bonds will be ready for delivery on or about February 29, 1028. 4 Guaranty Company of New York Chemical National Bank of New York Sidlo, Simons, Day & Cos. The information contained in the above mentioned letter and summary has been accepted by ns as reliable, but does not constitute any representations on our part

City News Toldßriefly

FRIDAY EVENTS Auto Show, State fairground, all day. Disciples of Christ Commission on the Ministry meeting. Severin, all day. United Christian Missionary Society meeting. Severin. all day. Indiana Democratic Editorial Association meeting, Claypool, all day. Knights of Columbus luncheon. SpinkArms. Exchange Club luncheon. Lincoln. Altrusa Club luncheon. Columbia Club. Optimists Club luncheon. Claypool. Plii Delta Theta luncheon. Chamber of Commerce Master Painters’ Association luncheon. Chamber of Commerce. Delta Tau Delta luncheon, Board of Trade. Connersvllle Association dinner, Broadwav M. E. Church. 6:30 p. in. Indiana Stamp Club meeting. Chamber of Commerce. 8 p. m. Charter for the Waynetown State Bank, Montgomery County, has been renewed by the State Charter Board. Capitalization remains the same, $30,000; surplus is $45,000; resources are $400,000. D. C. Moore is president, and W. E. Riden, formerly State bank examiner, is cashier. David D. Morris, chief florist of the Indianapolis city park, discussed flower culture at the Garden Flower Society meeting in Cropsey hall. Indianapolis public library, Wednesday night. “Some Advertising Ideas’’ was the subject of W. D. Rogers, S. D. Warren Paper Company representative, in an address at the Advertising Club luncheon today at the SpinkArtns hotel. Joseph G. Brannum, president of Brannum-Keene Lumber Company, entertained about 140 members of the Indianapolis Home Builders’ Association and their friends, Wednesday night, at the Columbia Club. Downtown lire apparatus called to Meridian and Washington Sts., at midnight Wednesday found the automobile of Charles Shearer, 4715 N. Arsenal Ave.. burning. The blaze was extinguished with only small ioss. Police today are searching for Fred Beckwith, of 220 N. Senate Ave., who is alleged to have beaten J. E. Fettig with a baseball bat at 220 Osage St., Wednesday. W. D. Rogers of Boston, Mass., representative of the S. D. Warren Company, paper manufacturers, spoke at the Advertising Club luncheon at the Spink-Arms today. The club will have a George Washington Dance and Card Party Frolic,

at the Spink-Arms next Wednesday night. William A. Ireland, Columbus, Ohio, nationally known cartoonist, will fulfill the ambition of a lifetime Friday when he acts as engineer on "American.” Pennsylvania train, from Columbus to Indianapolis, arriving at Union Station at 11:30 a. m. Jack V. Hodges, 24, of 1134 Parker Ave., today surrendeed to Harry Wertz, deputy United States marshal, to face Federal charges of interstate transportation of a stolen automobile. He is charged with driving a stolen car from Chicago to Indianapolis. FIREMAN DIES IN WRECK Engineer Injured W'hen Kansas City-St. Louis Train Is Ditched. By United Press INDEPENDENCE. Mo., Feb. 16. W. P. Young, fireman of the Midday Limited, Kansas City-St. Louis train of the Chicago and Alton road, was killed and William Wetton, engineer, injured when the train was derailed near here last night. Young was pinned In the wreckage for several hours. It is believed the train struck an obstruction or that a rail was out of line. The engine and tender rolled down an embankment. No passengers were injured. FIRM SUES RAILROAD Contractors Ask $150,000, Claiming They Were Misled in Contract. Suit for $150,000 was filed in Superior Court Two Wednesday against the New York, Chicago & St. Louis Railroad by Addison F. Cohee of the A. F. Cohee Company, contractors. It is alleged that Cohee contracted to make a fill on the company’s lines near the Illinois State line, and that the plans and specifications on which the contract was awarded did not show true estimate of what type of soil and how much of each had to be moved. Cohee, one of the plaintiffs, is listed as the surviving member of the firm. The other plaintiff is Charles Betts, administrator of the estate of A. E. Betts.

tures made in the past in connection with starting new papers or purchasing established ones and for additional working capital. Earnings Consolidated income of The E. AV. Scripps Company and controlled companies for the* five-year period 1923 through 1927 (as reported by Haskins & Sells for the years 1923 to 1926, inclusive, and by the Company for" 1927) ars given below. The E. AV. Scripps Company’s share of consolidated net income based on stock holdings as of December 31, 1926, for the years 19231926, inclusive, and on holdings as of December 31, 1927, for that year have been as follows: Net Income Available for Subsidiary Companies* Dividends and Outside Interest The E. W. _ Expense of the Scripps Co.’s lcnrs Ended Gross E. W. Scripps Share of saek Dec. 81 Earnings Company net Income 1923 $20,904,206 $3,283,899 $1,638,460 1924 25,065,721 3,857,814 1,691,493 1925 28,539,397 3,778,063 1,548,225 1926. 32,192,384 3,975,391 1,602,285 •1927 35,779,026 4,206,739 1,811,639* *Not including results of operations of two properties recently acquired by The E. W. Scripps Company and now in process of development, which have been capitalized. In arriving at The E. AV. Scripps Company’s share of net income as above, there have been deducted dividends on certain shares of stock owned by the Company, which have been paid to the sister of Sir. Scripps by reason of a life interest reserved to her in the income from such shares. The Company’s share in net income before these deductions, averaged $2,022,344 for the fiveyear period ended December 31, 1927. The E. AV. Scripps Company’s share in such net income after the above deductions, averaged $1,658,420 for the above five-year period or more * than 31/3 times the maximum annual interest requirement on this issue. The Company’s share in such net income, after the above deductions, for the year ended December 31, 1927, amounted to more than 3.8 time* such interest requirement.

I’UiLi. i(j, ID-O

WINDUP TITLE PRIZE TO GIRL ‘Station FEAR* Gets First Award in ‘Gorilla’ Contest. Miss Gladys M. Burns, 706 ders St., annexed lirst place money in the final picture of the "Gorilla Subtitle Contest.” “Station FEAR” was her money-maker. "Station WHO” submitted by Bryant Gantz, Rural Route O, Box 52, Indianapolis, took the $5 second prize. Third prize winners of $1 are: Madge Campbell, 3028 Jackson St.; 1 Mrs. W. S. Van Hoosier. Jr., 324 Spencer Ave.; Mabel R. Barker, 6 Alexandra Apt.; M. Plunkett, 324 Spencer Ave.; Mrs. F. L. Orrell, 1262 Oliver Ave. Pairs of tickets to the "Gorilla” at the Indiana theater for fourth place were mailed to Elmer Bracken, 903 Pearl St., Columbus, Ind.; H. D. Rusie, 202 Parkview Ave.; Mrs. H. W. Garrett, 1358 N. Kealing Ave.; Percy D. Henry, 1924 Dexter Ave.; Dewey Wilson, 4016 College Ave.; Miss Edith Franklin, 1043 N. Berwick Ave.; Mrs. E. H. Biddle, 561 N. Hamilton Ave.; Carl Ritzi, 18 E. lowa St.; R. E. Cavanaugh, 3637 Kenwood Ave.; F. L. Duwe, 229 N. * New Jersey St. AUTO THIEVES~TRAILED Men Later Try to Entice Daughter of Owner Into Car. Police today are on the trail of three men who stole J. W. Cook’s automobile from in front of his home, 1728 College Ave., Tuesday, " and, attempted Wednesday to entice Cook’s daughter, Elizabeth, 14, Into another machine with them. Tuesday the girl saw the three men in her father’s stolen car at Nineteenth St. and College Ave., police were told. Wednesday as she was on her way home from school the same men,iifn f another machine, stopped her and’ asked her to ride with them. When she refused one replied, “You’ll be sorry. Your father never will get his car back now.”