Indianapolis Times, Volume 39, Number 249, Indianapolis, Marion County, 24 February 1928 — Page 23

FEB. 24, 1928_

RECEIPTS DROP AND NOGS RISE 30 CENTS HERE Porker Top $8.55, With Only 4.000 Fresh Arrivals —Calves Higher. —Hi Trice Ranee—-”-’b. Bulk Top Receipts. 17. 8.15*4 C. 50 8 58 10 000 IS. 8.29t0r 8.55 8.55 s'ooo 20 8.50® 8.75 8.75 5.000 21. 6.35® 8.60 8.60 15.000 22 B.lom 8.85 8.38 16.000 23. 7.75*0 3.28 3.23 10.500 24. 8.30®. 8.53 8.55 4,000 With receipts dropping oIT to 4,000 fresh animals, and 1.388 holdovers, the market soared at the Union Stockyards today about 30 cents on the hundredweight. The top was 58.55, paid for light material, 160200 pounds. Calves were around 50 cents higher; Jambs were little changed and the cattle market was steady and nominal. The Chicago market opened fairly active to shippers and traders with a 10 to 15-cent higher tone. Salesmen were asking around 15 to 25 cents higher. The early tep was ,-58.25. Receipts were 38,000 with 13,000 held over. ITog Price Range Heavy meat animals weighing 250350 pounds were up 25 to 30 cents selling at $7.75 'u 8.30 and material in the 200-250 pound class was evenly 30 cents higher at $8.25(0 8.50. The lop advanced 30 cents in the 160200 pound class to $8.55 with the material selling at up. Light lights, 130-160 pounds, were $7.75 @ 8.35, and pigs, s6® 7.75. Packing sows were up 25 cents on the top at s6® 7.25. Beef steers were nominal in the cattle division and beef cows sold at s7® 10. Low cutter and cutter cows were unchanged at $5.50®6.75 as were bulk stock and feeder steers at $7.50 @9.50. Receipts were 400. Calves Higher Best vealers sold at a top of SI7 with most going at sl6@ 16.50. Heavy calves brought steady prices at $6.50 <@10.50. About 500 animals were received. Sheep and lambs were steady with 200 animals in the pens. The top was $15.75. Bulk fat lambs brought sl4@ 15.75, and culls, [email protected]. Bulk fat ewes were [email protected]. —Hoes— Receipts, 4,000: market higher. 250-330 lbs $7.75® 8.30 200-230 lbs B.2s iff 8.50 160-200 lbs 8.25*i 8.55 130-160 lbs 7.75® 8.35 90-130 lbs 6.00@* 7.75 Packing sows 6.00© 7.25 -CattleReceipts. 400: market steady, nominal. Beef steers $10.50® 12.75 Beef cows 7.00*; 10.00 Sid cutter cows.. 5.50® 6.75 id feeder steers.. 7.50® 9.50 *, —Calves—- ; market strong to higher. I .$16,000 17.00 —Sheep and Lambs— Receipts, 200; market steady. Top fat lambs $15.75 Bulk fat lambs 14.00® 15.75 Bulk cull lambs 7.50*311.50 Fat ewes 6.50® 9.50 Other Livestock Bn United Press EAST ST. LOUIS. Feb 24.—Hogs- Receipts. 12.000: holdovers, 4,391: market. 25® 30c higher: 250-350 lbs., $7.75® 8.20; 200-250 lbs.. $8®8.40; 160-200 lbs.. $8.35® 8.55: 130-160 lbs.. $7.25*8 8.50: 90-150 lbs., $5.73®7.50; packing sows, $6.50®7. Cattle . .n-ceipts. 800. Calves—Receipts, 750; market, steers, nominal; beef steers, $9.40 ® 12.(5: ngnt yearlings and heifers, s9® 11.50; beef COWS, $7.50*3 8.50; low cutter and cutler cows. ss*; 6.25; vealers. $15.50: heavy calves. $8.50® 10.90: bulk siock and feeder steers. $7.60® 10.60. Sleep—Receipts. 500*. market, steady: top fat lambs. $15.75; bulk fat lambs. $15.25® 15.75; bulk cull lambs, SIIQ. 12; hulk fat ewes, $8.50 <3,9.50. B" Times Special LOUISVILLE. Feb. 24.—Hogs—Receipts 800: market 25c higher*. 250 lbs. up, $7.90: 175 to 250 lbs.. $8.40;,130 to 175 lbs.. $7.80; 90 to 130 lbs.. $6.15; 90 lbs. down. $5.65; roughs, $6.25; stags, $5.65. Cattle Receipts, 200: market steady: calves, receipts. 200; market steady; good to choice. $11.50®T3.50; medium to good. $9.50 to $11.50; outs. $9.50 down. Sheep- Receipts, 50; market steady: top lambs, $13*313.50; seconds. sß® 10: sheep, s4*; 7. Thursday's shipments: Cattle. 31; calves none; hogs, 181; sheep none. Bn United Press EAST BUFFALO. Feb. 24.—Hogs Receipts. 6,000; holdovers. 2.161; market 10®* 15c up: 250 to 350 lbs.. $8.60; 200 to 250 lbs.. $8.50® 8.75; 160 to 200 lbs.. $8.60® 8.75; 130 to 160 lbs.. $8.25(8 8.75: 90 to 1.30 lbs.. $7.75®8.25; packing sows. $6.75*8 7.25. Cattle—Receipts. 100; calves, receipts 1.000; market steadv: calves 50c lower: vraierf. sl7® 17.50. Sheep—Receipts. 4,500: market steadv: bulk fat lambs, $16.50; bulk cull lambs, $12.50® 14.50; bulk fat ewes, $5 @9.50. B" United Press PITTSBURGH. Feb. 24.—Hogs—Receipts, 1.800; market 15® 25c up; 250 to 350 lbs.. [email protected]: 200 to 250 lbs., $8.50*88.85; 160 to 200 lbs.. $6.80® 8.90: 130 to 160 lbs.. $8.25 @8.85; 90 to 130 lbs.. $7.50® 8: packing sows $6.758 7.50. Cattle-Receipts. 25; calves, receipts. 110; market steady: calves strong: beef steers. $11.50@14; vealers. sl6 @17.50. Sheep—Receipts, 300: market strong to shade higher; top fat lambs. sl2® 14.50. Bi/ United Press TOLEDO. Feb. 24.—Hogs—Receipts. 1,000; market. 15@25c up; heavies, $7.50®8; mediums. [email protected]; Yorkers. $8,253(8.50; good pigs. $7(3*7.50. Cattle —Receipts, Tight; market, steady. Calves—Receipts, light: market, strong. Sheep and lambs— Receipts, light; market, steady. ISSUE U. S. SUBPOENAS Federal Trade Commission Calls for Utilities Briefs. Bn United Press WASHINGTON, Feb. 24.—Subpoenas requiring public utilities, corporations to produce information necessary in the Federal Trade Commission’s investigation of them were issued today. The commission decided to hold open hearings here as soon as it has enough information to proceed upon. Commissioner Edgar A. McCulloch will preside. OWEN IN RACE Bryan's Daughter Qualifies as House Candidate. Bn United Press TALLAHASSEE. Fla., Feb. 24. Mrs. Ruth Bryan Owen, daughter of William Jennings Bryan, has qualified with State authorities as a candidate for Congress from the Fourth district. Mrs. Owen lives in Coral Gables. Marriage Licenses Lewis F. Gorsick, 28, of 544 8. Warman Ave.. press operator, and Bertie Oliver. 19. of 233 Harrison Ave., power machine operator. Burns P. Willi a mis. 28, of 317 E. Thirteenth St., salesman, and Mildred Phillips, 22. of 1032 College Ave.. bookkeeper. Jasper E. Bagshaw. 25. of 2221 Kenwood Ave.. motorman. and Myrtle Marie Muller, 28. Delphi, waitress. Charles W. Westmoreland, 20. presscr, and Genevieve Jones. 17. John O. Vance. 30, metal finisher, and Uta Lee Meeker. 21. of 1124 Fletcher Ave. Earl Kuntz, 23. Manville. farmer, and Mildred Case. 27. of 1418 Oliver. James Ralph Haines. 19, Beech Grove, packer employe, and Leota Edwards, 18, Beech Grove, secretary. Dudley B. Parke. 23. of 923 Oakland Ave.. salesman, and Mildred C. Spinning, 19. of 1026 N. La Salic, secretary.

New York Stocks

“ißy Thomson A McKinnon) -

—Feb. 24Railroads— Pvev. High. Low. 12:00 close. Atchison 185**4 184 V( 183*4 1851 a Atl Coast Line.. .170 a /a ... 17014 170*8 Balt & Ohio ....Uo*)a ... 110’ B 110 Canadian Pac . .204*; s ... 204 203 Chcsa & Ohio .189 ... 189 189 Chi A Alton ... ;/% ... 5*% 5*4 Chi & N West... 81 ‘4 ... 81!* 811a cm Grt West.. 10 ... lu lo C K 1 & P 108 ... 103 108% Del & Hudson .167 ... 16/ 166 Del A Lacka 133 Erie 3114 ... 51 -9*% Erie 'si pfei 54‘4 Grt nor pfd 53*4 111 Central 136’j Lehigh Valley .. 88% . . 88% 36 4 Kan City South 5o 33% 55 ,54 Lou & Wash ... ... J 47 M K& T 30% 35 35 34*4 Mo Pay pfd ...105*o . 105 1 j 105% N Y Central 158 lol'/n 158 15i% N Y C & St L.. 130 . . 130 130 NYNH &H. . 61 60% bl 60% j Nor Pacific 93* t j Norfolk & West 182 Here Marquette .129 ... 129 129 I Pennsylvania ... 64*% 64 64*8 64 | P & W Va 134 I Reading 9813 ... 9813 97% Southern Ry ...143(8 ... 143% 143 I Southern Pac .118% ... 118*4 120% St Paul 17Vi ... 17*i 17 |StL *S W 69% 69 69% 68 ,; - ISt L & S F....U1s ... 111*8 Ill’s jTexas & Pac ...112% ... 1112 112'i | Union Pacific ...195% ... 195% 195% West Maryland. 35% 35% 35% 35*4 Wabash 60 55% 59% 55% Wabash pfd .... 91*7 ... 91 % ... 1 Rubbers— Alas 10% . . 10% 10% Fisk 15 ... 15 15*8 Goodrich 82*2 . 81% 81*4 Goodyear 60 59 59% 53* - Kelly-Spgfd 17% ... 17% 17% Lee 18*4 ... 18% 18*4 United States .. 48% 45*a 46% 48*8 Equipments— Am Car & Fdv.,105 ... 103 104* • Am Locomotive. .110'% ... 110% 110 Am Steel Fd... 57% 55% 56% 50% Baldwin Loco .253*% 253 253% 250 General Elec ...127% 126% 126% 127% Gen Ry Signal. 105% ... 104% 103 lima Loco ... ... 56% N Y Air Brake. 45% ... 45% 45% Fressed Stl Car 23% Pullman 80% ... 80*4 80% Westingh Air B. 51% ... 50% 50% Westlngh Elec... 93*8 91% 92*4 92% Steels— , Bethlehem ... 57*4 56% 57 57 Colorado Fuel.. 70% 69% 69% 69% Crucible 88 85% 86 86% Gulf States Stl.. #2% ... 52% 52% Inland Steel ... 48% ... 48% 49 Phil R C A 1.. 32% ... 32% 32 Step Iron A Stl.. 60% ... 60 60'i Sloss-Sneff 124 V S Steel 140*4 ... 139*3 140 Alloy 29*4 ... 29*4 28% Youngstown Stl 94% ... 94% 94% Vanadium Corp 81% 79** 80*4 80 Motors— Am Boscli Mag. .. 16% Chandler 5 Chrysler Corp.. 59 58 58% 58 Conti Motors... 10% ... 10% 10% Dodge Bros 18% ... 18% 13*4 Gabriel Snbbrs. 21% ... 21*4 20% General Motors 136% 134% 135'/ 135% Hudson 83 81% 81% 82% 37's ... 37 37% .n 10% ... 10*2 10% Mack Trucks .. 99% 98% 98*j 99% Moon ... ... 5% Motor Wheel .. 28% ... 28 28 Nash 85 84 84’ h 84 % Packard 58% ... 58 58 Peerless 17% ... 17% ... Pierce Arrow* 11% Studebaker Cor. 62 61% 61% 61% Stew Warner ..81 ... 81 80% Strombcrg Carb 45*2 ... 45*2 45% Timken Bear ...118% ... 117*4 117% Wlllys-Overland. 18*4 ... 18% 18% Yellow Coach.. 29% ... 29% 29*/s White Motor .. 30% ... 30% 30% Mining— Am Smlt A Rfg.l72 171'% 17!% 171% Anaconda Cop.. 55% 55 55% 40% Calumet A Ariz. 94% ... 93% 93*4 Cerro de Pasco. 63% ... 63% 63% Chile Copper .. 38*4 38% 38*4 38% Greene Can Cop 124 118% 120 121% Inspiration Cop.. 18% ... 18*2 13*2 Int Nickel 77*4 75% 75% 76% Kennecott Cop.. 82 ... 81% 81% Magma Cop .... 46% 46% 46% 46 Texas Gull Sul. 71*8 70% 71% 71% U S Smelt 40% ... 40% 40% Oils— Atlantic Rfg ...100 99% 100 100 Cal Petrol 25Vi ... 25% 23 Freeport-Texas.. 70% 68% 69% 69% Houston Oil ...130 ... 127*4 129% In dp Oil & Gas 24% ... 24% 24% Marland Oil 34*4 ... 34% 34% Mid-Cont Petrol 27% ... 27% 26'4 Lago OH A Tr 29% Pan-Am Pet B 40% 39% 39% 39% Phillips Petrol.. 37% 36% 36% 36% Pro & Rfgrs.... 19*2 ... 19% 19% Union of Cal... 44% ... 44% 45 Pure Oil 20% ... 20% 20*4 Royal Dutch ... 46% ... 46% 46*4 Shell r. 25% ... 25% 25*4 Simms Petrol .. 20 19% 20 19% Sinclair Dil .... 20% ... 19% 19% Skelly Oil 26 Std Oil Cal 53% ... 53% 53% Std Oil of N J.. 38% ... 38*4 38% Std Oil N Y 29% ... 29% 29% Texas Corp 51% ... 51% 51*, Transcontl 7% 7% 7% 7% | Industrials— Allis Chaumers 117 Allied Chemical 148% I Armour A 14% ... 14% 14% I Amer Can 77% 75% 76 77 I Am H L pfd ... .. 56% Am Linseed ... 70% 68% 70 69% | Am Safety Raz 56% Am Ice 31% 31% 31*i 31 Am Wool 23 ... 23 33 Coca Cola 130 ... 130 129 Conti Can 89% ... 83 89% Certainteed 58% Congoleum 24% ... 24% 24V 4 Dpv*lon Chcm... 36% 36% 36% 36% Dupont 321 ramous Players.. 115% ... 115% 115 Gen Asphalt ... 74% ... 74% 73% Int Bus Mch ...131 .. 130% 131 Int Cm Engr.... 48% 47 48% 47% Int Paper 69% 69 69% 68% Int Harvester ~232% ... 232 232V'4 Lambert 85% 85 85% 85 Loews 59% 59% 59% 60 May Stores 78% .. . 78% 79 Montgom Ward .135% 133% 133% 134 Natl Cash Reg. . . 50% 50 50 Pittsburgh Coal. 45 .... 45 45 Owens Bottle 76 % Radio Corp .... 92% ... 91% 90% Rem Rand 28% 27% 28 28 Real Silk 27% Sears Roebuck.. 84% 84% 84% 84% Union Carbide .137% ... 137% 136% Univ Pipe 23 U S Cs Ir Pipe..2oo ... 200 200% U S Indus Aico 109% ... 108*4 109% Worthington Pu 28 Woolworth C0...179% ... 178 178% Utilities— Am Tel & Te1..177% ... 177% 177% Am Express ....182 ... 182 183 Am Wat Wk! 55% ... 55% 55% Col G A E 92% 91% 91% 91% Consol Gas 132% ... 131% 131% Elec Pow & Lt. 33 ... 32% 32% Interboro ... ... 34% Nor Am Cos 60% ... 60% 60% Peoples Gas 173 172 173 172 Std Gas & El 61 ... 61 61 Utilities Power .. 22 ... 29 28% West Union Tel 165 Shipping— Am Inti Corp ... ... 74 Am Ship A Com 4% ... 4% 4% Atl Gulf cte W 1 41 Inti Mcr M pfd .. 36% United Fruit ...137% ... 137 137% Foods— Am Sug Rfg.... 58’% ... 58% 58% Beechnut Pkg ..75 ... 75 75% California Pkg.. 74% ... 74% 74% Corn Products.. 67% ... 67 67 Cuba Cane 8u p 25% Cuban Am Sug. 20 ... 20 19% Fleischmann Cos. 08% 68% 68% 68% Jewel Tea 82 Jones Bros Tea 33% Natl Biscuit 166% ... 165% 165 Punta Alegre ... 28% ... 28% 28% Postum Cos 120% ... 120%* 120% Ward Baking B 24% Tobaccos— Am Sumatra .. 49% ... 49 48 Am Tobacco ....161 ... 160% . Am Tob B ' 159% Con Cigars 80 General Cigar.. 70% ... 70% 70 Lig & Myers ...107% ... 106% 107 Lorillard 36% ... 36% 36% R J Reynolds ..140% ... 140 140 Tob Products B 108% 108% 108% 108% United Cigar St .. 32 Schulte Ret Strs 50 ... 50 50%

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Feb 24.—The reduction of brokers’ loans reported Thursday afternoon should be well received. It speaks well for the market to have accomplished that much in a brief space of time and in a fairly orderly manner. But more must be accomplished in this direction. Therefore we remain of opinion that our bulges will be the result of periodic short covering and each bulge will attract further liquidation, not necessarily in the entire stock list, because we must bear in mind that we have a gcfed many excedingly high grade issues that are well held and constantly sought by investors. But we have many hundreds of issues that are today, as they have been for a long time, in the speculative class, that have been advanced by purely speculative efforts, and in the end they will all seek and reach a level more consistent with real value and earnings. Because of the varying degree of merit in the list we look for what may best be described as highly irregular markets rather than the old-fashioned bear market.

SELLING STOPS UPTURN CAUSED BY LOAN DROP Decline in Brokerage Loans Surprises Wall Street; Advance Hit.

Average Stock Prices

Average of twenty industrials Thursday was 193.09, up .28. Average of twenty rails was 134.03, ira .23. Average of forty'bond3 was 99.13, off .08. Eii United Press NEW YORK. Feb. 24.—The decline of more than $91,000,000 in brokerage loans announced after the close Thursday was far beyond expectations of Wall Street and brought large amounts of buying orders iwtp the market over night. Asa result opening prices were higher all around. The advance was only temporary, however, for selling cropped out in the first fifteen minutes of trading, opening gains being shaded or entirely wiped out in many issues. United States Steel and General Motors both advanced fractionally at the outset, but shortly afterward sustained losses. Freeport Texas, after a gain in the opening, dropped back to a loss of more than a point. Describing the market, the Wall Street Journal’s financial review today said: “Stocks rallied in the early dealings in response to the reduction in brokerage loans, which was taken as evidence of the extent of the recent liquidation and improvement in the technical position. Speculation sentiment was also encouraged by the strengthening of the reserve ratio of the local Federal reserve bank.”

Banks and Exchange

TREASURY STATEMENT By Tin ited Press WASHINGTON. Fzb. 24.-The Treasury net balance Feb. 21 was $66,385,867.08 Customs receipts this month to Feb. 21 were $30,943,572.40 FOREIGN EXCHANGE By United I‘rcss NEW YORK. Feb. 24.—Foreign exchange opened steady Demand sterling $4.87%. off .00 1-16: francs. 3.83%c: lira. 5.29%c: Belga 13.91%c, off .00%; marks 23.86 c, up .00%. NEW YORK STATEMENT En t nited Pres3 NEW YORK, Feb. 24.—Bank clearings. $1,322,000,000. Clearing house balance $150,000,000.

Produce Markets

Butter (wholesale price)—No. 1. 48® 50c: No. 2. 46®47%c lb. Butterfat (buying price) -45®46c lb. Cheese i wholesale selling prices, per pound'—American loaf, 35®38c; pimento loaf, 38®40c; brick loaf. 35®38c: Swiss No. 1, 42®44'*’ Imported Swiss. 52c; Wisconsin flat, mild and sharp. 32®34c; print cream. 38® 40c; flat display, 28® 30c; Long horn.. 28ti29c; New York limberger. 42® 44c. Eggs—Buying prices: Fresh, delivered at Indianapolis. loss off, 23® 24c doz. Poultry (buying prlcesi- Hens. 21<a22c: Leghorn hens. 15® 17c: springs. No. 1 soft meated, 20® 22c: Leghorns. 15® 17c; young springs, 13® l&*; roosters. 16® 12c: Leghorn stags, 10®12C; capons, 8 lbs. and over. 31® 32c; 7 to 8 lbs.. 29® 30c: 6 to 7 lbs.. 23® 28c. under 6 lbs. and slips. 22 ®2sc; ducks. 15 ® 17c; geese, 13® 15c: guineas, old 35c: young 50c. By ( nited Press CLEVELAND. Feb. 24 - Butter Extras in tub lots. 49(351c: firsts. 45%®47%c: seconds. 42%@44%c; packing stock. 30®32c Eggs—Extras. 32%c; extra firsts. 31%c; firsts. 29%4/30c: ordinary. 29c. Poultry— Heavy fowls, 28® 30c: medium. 28® 29c: Leghorns. 23@25c: heavy springers. 29/./ 30c:30c: Leghorn springers. 20® 22c; ducks. 24® 26c: geese, 23® 24c: old cocks. 174/ 18c. Potatoes—lso-lb. sacks, round whites. Maine. $3.80® 3.75; Minnesota. s3® 3.10; New York. $3 65; Michigan. 53.35; Wisconsin. 63.1563.25: 120-lb. sacks Minnesota. $2.404f2.50; Maine green mountain. $3.25; Idaho rural Burbanks. $2,654/ 2.75; 110-Ib. sacks, $2.35: 50-lb. boxes Idaho bakers. $2.50: Florida bushel crates spalding rose. $1.75; Texas 100-lb. sacks, triumphs, $4.75; home grown bushel sacks. $1.35; Cuban, 52-lb. cummer crates reds, $4. By United Press NEW YORK. Feb. 24.—Flour—Quiet and steadv. Pork—Steadv; mess. $30.50. Lard Easy; midwest spot. $11.45® 15.50. Sugar —Raw, firmer: spot 96 test, delivered duty paid. 4.24 c: refined steady; granulated. 5.60 c. Coffee—Rio No. 7 on spot. 16%c: Santos No. 4. 22%®22%c. Tallow—Dull; special to extra, 8%4/B%c. Hav—Quiet: No. 1. $1.10: No. 3. 60®85c: clover, 65c® SI. Dressed poultry-Steady; turkeys. 30 @4oc; chickens. 21® 46c: broilers. 45® 60c; capons. 304/46c: fowls. 18@30c: ducks. 16 ®2lc: ducks. Long Island, 20® 22c. Live poultry—Steady to firm; geese,l4® 24c; ducks, 16@33c; fowls, 26@27c; turkeys. 25 @soc; roosters. 18c: chickens, 25® 36c; capons. 30®;45c: broilers. 40@58c. Cheese —Quiet; state whole milk, fanev to specials. 294/ 29lie; young America, 29®29%C. Potatoes —Long Island. $3(25.40: Jersey basket. 75c #51.25- state. $3.25® 3.40: Maine. $3.35(8)4.60; Bermuda, s3@9. Sweet potatoes—Jersey basket. [email protected]: southern. basket. 75c®$2. Butter—Firmer: receipts. 16.497: creamery extra. 46c; special market. 46%®47c. Eggs—Easier: receipts. 51,318: nearby white fancy. 38®,37c: nearby state whites. 32®35c: tresh firsts, 29% ®3oc; Pacific coasts. 32%©36c; western whites. 33@33%c; nearby brown. 32®34c.

In the Cotton Market

(By Thomson A McKinnon) NEW YORK. Feb. 24.—There Is nothing at the moment that is likely to bring a large public following Into the cotton market. but there seems to be a degree of firmness that is not to be ignored, and is undoubtedly resting on a sound spot situation: therefore, notwithstanding that no important move is in sight. It will be good policy to maintain a friendly attitude toward the market and to take advantage of the dips to make purchases. Later on. as is usual, there will be plenty of crop scares to give us a bigger market. FIGHT SHOPLIFTERS Merchants Take Steps for More Protection. Decision to increase scope of the work of the Stores Mutual Protective Association in protecting the stores against shop-lifters and fraud was reached at the annual meeting of the association Thursday night at the Columbia Club. Details of the plan were left to a special committee. President Arthur L. Strauss of the L. S. Strauss & Cos. outlined the protective work of the past year, commending the police department and courts for their cooperation. H. M. Gay, Pettis Dry Goods Company; V. C. Kendall, L. S. Ayres & Cos., and Erwin Vonnegut, Vonnegut Hardware Company, were re-elected directors for two-year terms. Holdover directors arfe President Strauss and Snm Goldstein of Goldstein Brothers. The directors will elect new officers. W. E. Balch is executive secretary of the association. At Grunberg, Germany in the same parallel of latitude as Newfoundland, are the most northern vineyards in the world.

THE INDIANAPOLIS TIMES

Commission Row

TRICE TO RETAILERS FRUITS Apples—Fancy barrel apples, seasonable varieties. $8.50@9; barrel apples. s7®B: fancy basket apples, seasonable varieties. $2.25@3. 40 lbs.: choice box apples, seasonable varieties, [email protected]. Cranberries—s7.so quarter barrel. Grapefruit—Florida. $4®5.75. Grapes—California Emperors. $6 keg: California Malagas. $8 per keg. Kumquats—Florida, 20c quart. Lemons—California. $8 a crate. Limes—Jamaica. $3 per 100. Oranges—California navels, $4416.50 per crate; Florida. $4.50®,6 crate. Pears—Washington D’Anlous, $6.50 box. Washington D’Anlous. $6.6u per box Strawberries—Florida. 75c quart. Tangerines—Florida. $3.7542.4.25 crate. VEGETABLES Artichokes—California. $1.75 dozen. Beans—Southern, $8 hamper. Beets—sl.2s bu. Brussels sprouts—3oc lb. Cabbage—H. G.. 1%3 2c lb.; Texas, 4c lb.: red. 4c lb. Carrots—st bu. Cauliflower— California. 2412.25 crate. Celery—California, $7 per 8. 9 and 10doz. crates; Florida. $3.25 per crate. Celery cabbage—sl.so doz. bunches. Cucumbers—lndiana hothouse. $2.50@3 for box of 1 doz. Eggplant—H. G.. $2 doz. Endive—*l.so doz bunches. Kale—s2.so barrel. Leek—soc bunch. Lettuce—Arizona, head. $4 per crate; hothouse, leaf. SI.BO, 15 lbs. Mushrooms—sl.7s, 3 lbs. Onions—Spanish. $2.75®3 crate; Indiana vellow, $3. 100-ib. bag; Indiana red, $2 50 cwt. Oysterplant—4sc doz. bunches. Parsley—6oc per doz bunches. Parsnips—sl.so bu. Peas—California telephone. $7 hamper. Peppers—Florida mangoes. $7 crate. Potatoes -Michigan white. *3.30® 340 150 lbs.; Minnesota Russets. $2.60 120 lbs.; Minnesota Red River Ohtos. $2.50. 120 lbs.: Idahos. $2.75 cwt: Texas Triumphs. $3 j>er hamper; Florida Triumphs, $4.50. 50 Radishes—Hothouse, button. 90c per doz Rutabagas—Canadian. $2.50 per cwt. Shallots—soc doz. bunches. Spinach—Texas. $1 [email protected] bu. Sweet Potatoes diums. *2 bu : Indiana Jerseys. $3.50 bu.; Nancy Hal!. 51.75 hamper. Tomatoes—California. $5.50® 6, 6-baskct crate; Cuban. $3.5G(d4.50 crate. MISCELLANEOUS Cider—s4.so. 6-gat. case; $4.75 doz. %- gal. jars. Cocoanuts—s6 per 100. Garlic—2oc per lb. Oysters—Standards. $2.50 gal. Bn United Press CHICAGO, Feb. 24.—Green fruits: Apples. s7® 12 per barrel; strawberries. 604/ 65c. per qt.

Local Wagon Wheat

Local grain elevators are paying *1.43 for No. 2 red wheat. Other grades are purchased on their merits.

THE CITY IN BRIEF

SATURDAY EVENTS Beta Theta Pi luncheon. Board of Trade. Sigma Alpha Epsilon, Chamber of Commerce. Religious Week, interrienominal service, Roberts Park M. E. Church. 5 p m. Rons of the Revolution dinner. Indianapolis Athletic Club, 6 30 p. m. Two traveling bags of clothing, worth $l5O, were stolen from his parked auto at Capitol Ave. and North St.. Fred Forbes, Elkhart, Ind., told police. The seventy-sixth anniversary of Phi Kappa Psi fraternity will be observed with the annual Founder's day program in charge of Indianapolis Alumni at the Columbia Club tonight. William L. Taylor, local attorney, will be the principal speaker. Officers for the coming year will be elected. Dr. Franz Berthold, secretary of the German Association of Municipalities, and Dr. Helmuth Westphal, an association member, will be in Indianapolis Saturday to study county and city governments. Chamber of Commerce staff will conduct the visitors on a tour. E. B. Oscars today was the new president of the Indianapolis Tire Dealers’ Association. Other officers installed Thursday night at the Elks Club include: W. C. Boettcher, vice president; Andrew Trieb, treasurer; O. J. Conrad, recording secretary, and William H. Flanders, executive secretary. Mrs. Amanda Lane, 42, of 226 Lexington Ave., suffered a dislocated shoulder and body bruises when she slipped and fell on the icy pavement at Maryland and Delaware Sts. late Thursday. Police took Mrs. Lane to the city hospital for treatment. The Rev. William S. Rothenburger, pastor of the Third Christian Church, spoke at the Exchange Club luncheon at the Lincoln today in connection with observance of Religious Life Emphasis week. Immediate incorpration was decided upon at a business meeting of the Indiana Canners’ Association following the monthly luncheon at the Claypool Thursday. The announcement was made by Carl Scudder, Windfall, president. “The Meaning of a Liberal Education,” was the subject of an address at the winter’s night college of the First Baptist Church Thursday night by Dr. Homer P. Rainey, president of Franklin College. Monthly seminar of the Indiana University School of Medicine and hospital will be held at 8 tonight in the auditorium of the new medical school building, 1047 W. Michigan St. Results of the study and treatment of cases in the Robert W. Long, James Whitcomb Riley and William H. Coleman Hospitals will be presented. A social hour will follow. Razing of two old apartment houses at 412 N. Alabama St., to clear the site for the new threestory, thirty-six apartment house, has been started. The new structure will cost approximately $160,000 and will be fireproof and modern. The structure is designed by the Moynahan Properties Company, owners and operators of several houses.

In the Sugar Market

(By Thomson A McKinnon) NEW YORK. Feb 24.—The whole complexion of the sugar market has apparently changed now that the remainder of the 600|000 tons held by the Cuban sugar export association has finally been disposed of for consumption abroad. Refiners re-entered the raw market on a liberal scale and although Thursejy was first notice day on March contracts less than one hundred were in circulation. Spot raws appear to be firmly established on a 2% cent basis and a corresponding advance in refined should materialize within a day or two. With the generally brighter outlook we anticipate that Investment buying of the spring and summer options will show a slow but steady Increase. Plan l/os Angeles Flight By United Press WASHINGTON, Feb. 24.—The dirigible Los Angeles will make a training flight to the south coast of Cuba when in all respects ready and weather permits, the Navy Department announced today.

BULLISH TONE ADVANCES ALL 6RAINJFUTURES Wheat and Corn Make Good Gains, and Oats Follows in Sympathy. By United Press CHICAGO, Feb. 24.—Strength at Winnipeg caused a rally in wheat on the Chicago Board of Trade, today, and early losses were recovered. Corn strengthened with wheat and advanced a fraction despite heavy receipts. Oats was slightly higher late in the day. Wheat opened a fraction lower, on the bearish world situation and I weakness at Liverpool. There was fair buying on the dip, however, and when Winnipeg prices started upward, all futures firmed. Most traders awaited developments and the session was quiet. Receipts were 16 cars and the cash market i held unchanged. Receipts of 512 cars of corn gave that market an early weak tone. Most traders are inclined to buy. however, and when wheat firmed, the recovery in corn was easy. Cold weather over the belt was expected to increase the marketing movement. Cash declined '.zc on that factor. Despite low farm reserves and the visible supply of only half last year’s figure, oats continued dull. Prices followed the upturn in other grains slightly. Receipts were 42 cars, and cash oats were unchanged. Chicago Grain Table —Feb. 24WHEAT— Pro**. High. Low. 12:00 close. March 133% IS?'/ 133% 133’, Mav -.34% 1.33% 1.34 1 33% Julv 1.32 131% 1.31% 1.31*a Dorn March .94% .94% .94% .94% Mav .98% 17% .97% 98*. Julv LOO*, .99*8 1 00 1 00% OATS - March 54% .54% .54% .54% Mav 56 551a .56 .55% ! July 52% .52% .52’, ! Rye - March 1.11% 1.11 MPa 1.11% I Mav 112% 111% 112% 111% Julv 1.07 1.06% 1.07 1.06* 2 LARD—'March 11.10 11.05 1110 11.02 Mav 11.37 11 30 1137 11 30 Julv 11.65 11.57 11 65 11 57 i September 11.82 RIBS Mav 10.92 July . 1117 Bn Times Sperinl CHICAGO, Feb 24.—Carlots; Wheat. 16; corn. 503; oats, 119: rye. 2

Indianapolis Stocks

—Feb. 24Bid. Ask. Amer Central Life 550 Amer Crezoting Cos pfd 104% ... Belt R R com 68 69 Belt R R pfd 60 Cent Ind Poaer Cos pfd 99 100 Cities Service Cos com 54% ... Cities Service Cos pfd 95% . . Citizens Gas Cos com 56* * 57*, Citizens Gas Cos pfd 106% ... Commonwealth Loan Cos pfd.. 100 ... Equitable Securities Cos com.. .. ... Hook Drug com 30*a ... Indiana Hotel com (Claypool) .123 Indiana Hotel pfd 101% ... Indiana Service Corp pfd .... 89 ... Indianapolis Gas com 62 64 Indpls A Northwestern pfd.... 40 Indpls PAL 6%s pfd 106% 107 Indpls P t L 1> 102*i ... Indpls Pub Wei Ln Ass'n 47% ... Indianapolis St Ry pfd 31* a 38 Indpls Water Cos pfd 104 Indpls Water Wks Sec Cos 105% ... Interstate P S pr Hen pfd.. .103 Interstate P S 6s pfd 92 Merchants Pub Until pfd . ..101 North Ind Pub 8-rvlce pfd 102 104 Progress Laundry com ....... 28% ... Raun Fertilizer pfd 50 Real Silk pfd 90 . . THUE com 1 T H I & E pfd 14 19 T H Trar and Lt Cos pfd 93 P 8 Union Trac of Ind com % Union Trar of Ind Ist pfd 1 Union Trac of Ind 2d pfd % Union Title Cos com 82 Van Camp Pack Cos pfd 10 Van Camp Prod Ist pfd 97% 100 Van Camp Prod 2d pfd 100 Bonds Belt It R and Stockyards 45.. 92 Broad Ripple 5s 81% ... Central Indiana Gas 6s 98 Central Indiana Power Cos. 65.. 104 Central Indiana Power pfd.. . 96',i Cht S Bend & N Ind 6s 17% ... Citizens Gas Cos 5s 105 107% Citizens St R R 5s H 9 92', Gary St Ry 5s 91 % ... Home T & Tof Ft Wayne 6s. 103% ... Indiana Hotel 5s 101 Indiana Northern 2 tnd Rv and Lt 5s 98 Ind Service Corp 5s 98 Ind Union Trac 5s 4 Indpls Col A South 6s 99% Indpls Gas Cos 5s 102 103% Indpls A Martinsville 6s 60 Indpls Northern 5s 13 17% Indpls A Northwestern 5s ... 60 Indpls Power and Lt Cos 55....101 103 Indpls St Ry 4s 67’, 68% Indpls Trac and Term 5s .... 96% 97% Indpls Union Rv 5s 102% ... Indpls Water 5%s 104% 106% Indpls Water Ist 5s 100 Indpls W'ater 4%s 98 Indpls Water Wk Sec Cos 65..102% ... Interstate Pub S 63 104 Interstate Pub S Bs 6%s ....105% ... N Ind Pub Serv Cos 5s 101 T H I A E 5s 70 T H Trac and Light 5s 95% ... Union Trac of Ind 6s 12 17 ‘Ex-dividend. —Liberty Bonds— Liberty Loan Ist 3%s 101.50 101.76 Liberia Loan Ist 4%s 102.00 103.10 Liberty Loan 3d 4%s 100.36 100.50 Liberty Loan 4th 4%$ .... 103.70 103 84 U S Treasury 4%s 115.26 115.34 U S Treasury 4s 110.26 110.48 U S Treasury 3%s 100.00 100.20 U S Treasury 3*,s 102.70 102.90 Building Permits Irvington Presbyterian Church, wreck building. Johnson and Julian. S3OO. Allen Webb, reroof. 5907 Broadway. S2OO. Grinslade Construction Company, dwelling and garage. 4005 E. Eleventh. $3,150. Grinslade Construction Company, dwelling and garage. 1305 W. Thirty-Fifth, $2,000. William S. Green, dwelling and garage. 3441 W. Twelfth, $2,000. Mrs. H. Marsh, aaddltion, 2118 Morgan. S6OO. William Low Rice, dwelling and garage. 5415 N. Capitol, $6,350. Purity Baking Company, stokers, 900 W. New York. $2,000. Nisley Shoe Company, alterations, 44 N. Pennsylvania. $3,000. _ , H. E. Totten, basement. 1305 S. Sheffield. SSOO. Robert M. Collier, dwelling and garage. 4910 N. Illinois, $7,500. „ „ . E. C. Stout, dwelling. 921 N. Traub, * l E° l <?. Stout, dwelling and garage, 919 N. Tr E. U C. Stout," dwelling, 1209 Haugh, $1,500. J. K. Lilly, repair, 4050 Washington Blvd., $1,500.

GUARANTEE TIRE & RUBBER CO. Everything for the Car for Less

EDISON Phonographs, Records, Repairs CARLIN MUSIC CO. 143 East Washington

3-Pc.Bed Outfit Woodtone Bed, coni- <T < f* CA fortablo Spring and *r I Cotton Mattress, \J rnmplete W*|. furniture w est oiae company 438 WEST WASHINGTON ST.

POTATO DIET PROLONGS LIFE, DOCTOR CLAIMS Danish Food Expert Urges Substitute for Meat. By United Press CHICAGO, Feb. 24.—Substitute potatoes for meat as your principal food, if you would prolong life from ten to fifteen years, is the advice of Dr. H. Hindhetc. the “Herbert Hoover of Denmark.” Hindhetc, food administrator of that country, addressed a group of physicians here today, “The Danish people do not overcat,” Hindhete declared, “and this promotes the general health of the nation. Practically the entire population uses oleomargarine in place of butter. They find that this food, with potatoes and meat in moderate quantities increases health and happiness.” RULE IN TERMINAL CASE C., I. & W. Must Pay Two Tariffs for Use of City Terminal. Federal Judge Smith Hickenlooper, Cincinnati, Ohio, has ruled the C., I. & W. Railroad Company must pay two tariffs for use of the Indianapolis Union Railway Company terminal, according to word received here. The C., I. & W. in 1314 purchased the Cincinnati, Hamilton &, Indianapolis Railway, operating from Hamilton, Ohio, to Intdianapolis, and also the Indianapolis. Decatur & Western Railway, operating from Indianapolis to Sprinfield, 111. The two roads were combined, extending from Hamilton to Springfield. through Indianapolis, and C.. I. & W. officials contended only one tariff should be paid since (hey operated only one railroad. The C.. I. &; W. recently was purchased by the Baltimore & Ohio Railroad Company.

$1 Per Month^l^i f V? I

CLOTHING ON CREDIT ASKIN & MARINE C£>: ■' tj* .v *'j, ; vv AbHiNGTONe’v^V

Indianapolis Automobile Club Marlon Cos., Inc. 24-Hour Service Free to Members Dues $7.30 Per Year DRKXFI, 3770

SPECIAL WINDOW SHADES 38-Inch 041 OPAQUE SHADE ODC W. R. BEARD & CO. 453 E. Washington St.

REPLACEMENT PARTS KITCHEN KOOK NEW PERFECTION PURITAN FLORENCE Also Wicks for Various Makes of Oil Stoves. VONNEGUT’S E .

Ford and Chevrolet Batteries _ £HH**ce PUBLIC SERVICE TIRE CO t/8 E.NM YORK SI. t

The Home of Good Furniture Sander & Recker Meridian at Maryland

First Mortgage Loans No Inspection Fee The Meyer-Kiser Bank 128 East Washington St.

Men’s Work Socks 6c Men’s Handkerchiefs 4c Men’s Slip-On Sweaters.69c Underselling Store "4 West Maryland St,

MONEY TO LOAN —ON—MORTGAGES STATE LIFE Insurance Cos. U 35 STATE LIFE BLOG.

CLOTHES CLEANED min w K AT Belmont 4600 Belmont 4601 2216 WEST MICHIGAN

OPEN SHOW MARCH 3 Merchants Join for Event in Loew’s Theater. Opening of the Loew Palace Theater, March 3, is to be made a gala event by Pennsylvania St. merchants. Plans for the occasion were outlined at a meeeting of the Pennsylvania Street Merchants Association Thursday night at the SpinkArms. Isidor Kornblum, president of the association, introduced C. L. Winston, publicity man for the theater, who outlined plans for bringing the finest stage and screen presentations to the city for the newly remodeled theater. Plans were made for all mer-

it

The E. W. Scripps Cos. Fifteen-Year 5 x /z% Debenture Bonds Due 19^3 Price: 99 and accrued interest to yield 5.60% THESE arc the bonds of the Company controlling the Scripps-Howard newspapers, an organization which is comprised of a chain of twenty-six newspapers located in important cities throughout the United States. The Indianapolis Times is one of the Scripps-Howard papers. The assets of the Company are appraised at more that* $32,000,000 and the annual average earnings for the last five years have been mor than 3J4 times the maximum interest re* quirements on thesi Debentures.

hteiiarui's JCorge.Pll:: rest men t Houses

H letcfeer American Cos. Affiliated with the FLETCHER AMERICAN NATIONAL BANK

See Europe Ist If IS Do you know that you may see the Incomparable sights of Europe for an amazingly reasonable amount of money? Perhaps less than you have spent on previous vacations. Nowhere else may so much of beauty and interest be seen as in Europe. Before you plan your vacation may we show you how really little such a trip costs? Sailing lists for 1928 are now available. Write, phone or call for one. Richard A. Kurtz, Manager Travel Bureau The Leading Travel Bureau of Indianapolis t"UNION TRUSTS 1 120 E. Market St. Main 1576

THE ORIGINAL

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Payments as Low as SI.OO Per Week THE UNION TIRE CO. GEO. MEDLAM, Pres. Open Till 8:00 P. M. Main 6273 Cor. S. Illinois & Georgia Sts.

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Take On A New Assistant for 1928 People are using the telephone to buy and sell more than ever, because it’s the most efficient way for buyer and seller to get together. Telephone service today is fast, dependable and low in cost—your first assistant. Let it help you make 1928 a year of better; business. It's a matter of having enough telephone equipment to give prompt service and using it. Any facilities you jvant can be quickly installed. INDIANA BELL TELEPHONE CO.

chants to attend with their families, each store to have special lighted window displays from March 2 for three days, 100,000 small announcement slips to be put Into packages, cardboard pennants to be hastened to light poles and the event to be advertised by radio and through the newspapers. Buys Ticket; Robs Theater Cashier By United Press PUEBLO, Colo.. Feb. 24.—A man bought a ticket to a theater here, entered and then held up the cashier. He escaped with SSO, all In quarters and half-dollars. Quilt Completed in 150 Years By L nited Press DENVER. Feb. 24.—Mrs. F. C. O Kelly has just completed a quilt, on which the first stitches were taken 150 years ago by her great-great-grandmother In Saugerties. N. Y.

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