Indianapolis Times, Volume 39, Number 254, Indianapolis, Marion County, 1 March 1928 — Page 12

PAGE 12

STOCK UNEVEN; MAJORITY OPEN HIGHERINMART Utilities Strong; Continental Baking A and B Drop to New Low.

Average Stock Prices

Average of twenty industrials Wednesday was 194.78. up .84. Average of twenty rails was 134.36, off .42. Average of forty bonds was 99.13, up .07. A’v United Press NEW YORK, March I.—March began with prices irregular on the stock exchange. Trading was more active, several issues turning over at a rapid rate. Utilities exhibited group strength, while pivotal shares maintained a strong position. Continental Baking A and B dropped to new low ground for the year, the A selling down 3% at 36% and the B off % at 4%. Jones Tea spurted 2 6 s to 35Vi. General Motors rose Ts to 137% at the start and held around this figure, while United States Steel common was firm at 139%, up %. Radio Corporation was very active on further buying based on its annual report issued Wednesday. Rails picked up in activity. Seaboard continued under pressure. Describing the market, the Wall Street Journal’s financial review' today said: “Strength continued in many sections of the list in the early dealings, reflecting favorable over-night trade news. Reports from merchandising and automobile centers indicated high public purchasing power despite unfavorable weather conditions. Trading quieted down toward noon, but prices held firm in the majority of issues. General Railway Signal, after touching par for a loss of 5 points, rallied 2 points. Continental Baking A also rallied from its early low of 36%. Selling went ahead in issues like Freeport Texas, Gold Dust, Bethlehem Steel, Canadian Pacific, Mack Trucks, United States Rubber and Texas Gulf. Rails were mixed with Atchison advancing fractionally and Texas & Pacific rising 2% points to - 115%, while New Haven held steady. Baldwin at one time spurted to 258%, up 3%, and then lost a point.

Banks and Exchange

INDIANAPOLIS STATEMENT Local ban’.: clearings today were 14,531.000; debits were $11,423,000. CHICAGO STATEMENT By United Press CHICAGO March 1 —Bank clearings today were $126,600,000. Clearing house balance was $171,000,000. NEW YORK STATEMENT By United Press NEW YORK. March I.—Bank clearings, SI.559.000.000; clearing house balance. $141,000,000. TREASURY STATEMENT By United Press WASHINGTON. March I.—The Treasury net balance for Feb. 28 was $63,931,909.63. Customs recelots last month to Feb. 28 were $40,087,128.31. FOREIGN EXCHANGE T ANARUS./ United Press NEW YORK. March I.—Foreign exchange opened steadv. Demand sterling, $4.87%: francs. 3.93%C, off .00%: lira. 5 28’/ec; Belga. 13.93 c; marks. 23.87 c. off .00%. MBERTY' BONDS By United Press NEW YORK. March I.—Liberty 3'is, opened at 101.17. off 2: Ist 4%5, 102.29. off 1: 3d 4%s 100.15, unchanged: 4th 4%s 103.23. off 1; treasury 3%s 102.26, unchanged. Births Girls Vester and Emma Smith. 1205 Pleasant. Spiros and Elaine Holevas, 218 Douglas. •less and Mary Brown. 4920 Schofield. „ Laurine and Lydia Andrews, 5940 Bellc-xo-italne. West and Bertha Tabor, 2354 Yandes. Thomas and Georgia Scott, 2367 N. Oxford. and Mollic Shuman. Methodist Hospital. Peter and Ida Alexander. 1411 N. Senate. William and Edna Gardner. 1118 Deloss. Joseph and Hazel Hanselman. 1004 Churchman. Paul and Flossie oHldcr, 1329 Hiatt. Boys Albert and Gertrude Hussung. 641 Rochester. Carl and Bertha Schnitker. 1040 King. Albert and Tna Steck. 55 E. Raymond. Roy and Martha Jones. 1432 Barrow. Robin and Georgia Martin, 622 W. Thirteenth. Floyd and Addie Fruits, 1522 W. Vermont. Clarence and Geneva Carrell. Methodist Hospital. John and Thelma Mason, Methodist Hospital. Fritz and Mary Parcel, 3919 Spann. Twins Ellis and Gertrude Lones, 1439 N. Capitol, boy and girl. Deaths Albert R. Smith. 62. 408 S. Dearborn, chronic myocarditis. Louise M. Skibbe, 40, 610 E. lowa, acute myocarditis. Minnie Luesson, 77, 1802 Singleton, arteriosclerosis. Helena Welcher, 2, city hospital, diphtheria. Frank Overturf. 79, 110 N. Bosart, chronic myocarditis. Katherine Stewart. 46. St. Vincent’s Hospital. acute myocarditis. Dale Morris Jones, 4, 1908 Orange, diphtheria. Ophelia Barr, 32. city hospital, general peritonitis. John L. Jameson, 72, 520 E. Vermont, arteriosclerosis. Infant McDorvel, 2511 Turner, premature birth. George W. Smith, 66, 3708 W. Tenth, chronic interstitial nephritis. James Henry Strange. 68. Long Hospital, chronic myocarditis. Abraham Levenson, 69, 1127 S. Capitol, chronic myocarditis. Jesse Jackson. 60, 2930 Martlndale, accidental. Arthur Sayce, 70. 1126 W. Twenty-Sev-enth. cerebral apoplexy. Anna M. Whiteman. 71, Christian Hospital. lobar pneumonia. James Mapp, 58. city hospital, acute endocarditis. Joseph Schurbrock. 60. city hospital, lobar pneumonia. George W. Dick, 73, 3002 Ruckle, myocarditis. Building Permits Bridges <fc Graves Cos., garage, 3131-33 College, $250. F. L. Palmer, dwelling and garage, 5651£7 Guilford. *6.500. New- Wrecking Company, wreck building, 82-36 S. Meridian. *B,OOO. The Smith Agriculture, boiler, 1850 Kentucky. SSOO. Universal Theater Corporation .boiler, Virginia and Woodlawn, $2,500. Methodist Episcopal Hospital, boilers. Seventeenth and Senate. $25,500. Russell G. Mack, dwelling, 2625 Applegate, 63.500. Ella Willis, reroof. 1057 N. Belle Vieu. S3OO. McWorkman Realty Company, alterations, 2002 W. Washington. SI,OOO. Zoo Director Knows His Toads By United Press WASHINGTON, March I.—Director Mann of the Washington Zoo says somebody In the west offers to sell him horned toads for $1.50 since horned toading became popular. He declares, however, he knows where he can get them for 25 cents.

New York Stocks (Bv Thomson & McKinnon) "" —March 1— Railroads— Prev. High. Low. 12:00. close. Atchison 184 ... 182% 182% Atl Coast Line. 169% ... 168% 169% Balt & 0hi0... 111% ... 11l 111 Canadian Pac. 203% ... 203% 204% Chesa & Ohio.. 190'% 190 190 190 Chi & Alton .... 6% ... 6% 6% Chi & N West 81% Chi Grt West... 11% ... 11% 11% CRI&P 109% Del & Hudson.. 165 164% 164% 164% Del <fe Lacka... 133 ... 133 132 V, Erie 53% 52% 52% 52% Erie Ist pfd 55 ... 55 55 Grt Nor pfd 94% ... 94% 94 111 Central 135% Lehigh Valley 80% Kan City South. 54 ... 54 54 Lou & Nash ... ... 146 MK & T 36% 36% 36% 36 Mo Pac pfd ... 107% ... 107% 107% N Y Central ... 161 Vi 159% 161 160 N Y C & St L 129 NINHSH... 61'i ... 61% 61% Nor Pacific 94% ... 94% 94% Norfolk & West 178% ... 178% 179 Pennsylvania ... 65% 65 65V4 64% P&W Va _ 129% Reading 98% ... 98% ... Southern Ry ... 144% 143% 144 Vi 143% Southern Pac .. 118’;! ... 118% 118% St L & S W 72% St L& S F 113% 112% 113 112% Texas & Pac .. 115% 113 115% 113 union Pacific .. 192 191 192 193% West Maryland. .. 40% Wabash 01% ... 61 Vi 61 Vi Rubbers— Alax 10% ... 10’i 10% Fisk lo>4 ... 15Vi 15% Goodrich 82% ... 80 Vt 82 Goodyear 62% ... 59% 62 Kelly Spgfld ... 18% ... 18% 18% Lee ... ... 19 % United States .. 48 ... 46% 47% Equipments— Am Car & Fdv. 106% ... 106% 106 Am Locomotive 110% ... 110% 110% Am Steel Fd .. 56% ... 56 56% Baldwin Loco . 204 ... 254 General Elec .. 129% ... 128 123% Gen Rv Signal.. 105 100% 101% 105 Lima Loco 55 N Y Air Brakes 45% ... 45% 45 Pullman 81'4 ... 81% 81% Westingh Air B 50% ... 50% 50% Westingh Elec.. 92% ... 92% 92% Steels— Bethlehem 58% ... 58 58% Colorado Fuel .. 68% ... 6i% 68 2 Crucible 86% ... 86% 864* Gulf States Stl 51% Inland Steel ■ Jp* Phil R C & I 33 ... 33 33 Rep Iron & Stl. 60% ... 60% 60. Sloss-Sheff ••• U S Steel 139% 139 139% 139% Alloy 29 ... 29 28% Youngstwn Stl. 94 ... 93% 84 Vanadium Corp 79% <B% 78 78% Motors — Am Bosch Mag. 17% ... JJ}* Jp 3 Chrysler Corp.... 58% ... 57% 58 Conti Motors ... 10% ... 10% 10% Dodge Bros .... 18% 18 18 18 Gabriel Snbbrs. 20% 19% 20% 18% General Motors .137% 136% 137 136 % Hudson 7 85% 84% 85 i 85_* Hupp 39% 38% 39 Vi 38 a Mack Trucks ... 94 91% 92 93% Martin-Parry .. 12% ... 12/a 12 4 Moon 7Vi ... 7 7% Motor Wheel ... 28 27% 28 27% Nash 86’ a ... 86% 80% Packard 60% .■• 60'a 60 4 Peerless 18% ... J” 8 ••• Pierce Arrow' ... 11% ••• i* * Studebaker Cor. 62% ... 62 a 62 a Stew Warner ... 81% 80% 80% 80 % Stromberg Cart. .. ... ••• *.•? Timken Bear ...118 IJB 118 4 Willvs-Overland. 18% ... ', 18% Yellow Coach... 28% 28% 28% 28% White Motor ... 34 33% 33% 34 Mining— Am Smlt & Rfg. 173V4 172% 173 172% Anaconda Cop.. 5a ... 54 a 54 2 Calumet & Arlz 95 ... 85 9o Cerro de Pasco. 63V4 ... 63 1 63 Chile Copper ..... • Greene Can Cop. 121% 119% 120 120 ,e Inspiration Cop. 18% ... 18% 18% cbp.v |. • ; * Te a xlTcFu°l? Sul 72% 'mi 71% 72% U S Smelt 108 /a 40 Oils— Atlantic Rfg •••103 ... 102% 102% Cal Petrol 26% ... 26 26 Frceport-Texas.. 71VI ... JO 71 Houston Oil 133% ... 132/a 133 Indp Oil & Gas. 26% 26 *6 Marland Oil .... 36 3o .a 36 35 a Mid Cont Petrol. 27% 27% 27/i 27 Lago Oil & Tr. 31% 31 31% 31,1 Pan-Am Pet B. 44-a 43% 44% 43,2 Phillips Petrol.. 39% 39 39 i 38 a Union of Cal 45% ... 45 44% Pure Oil 21% 21 Vi 21% 21% Roval Dutch Simms Petrol .. 2W ... 21V, 21 Vi Sinclair Oil 20% 20 Vi 20% 20% SkeilV Oil 25% ... 2a% 26 Std Oil Cal 04% 54% oVA 54 1 Std Oil N J ... 39% ... . 39 38% Rtd Oil NY ... 30 U 30 ** 30% 30 Texas*Corp .... 53% 53% 53% 53% Transcontl .... BVs 8 8 a o Industrials— Allis Chalmers.. .120% 120 120 118% Allied Chemical. 150% ... 150 150 5 Armour A ... >4 2 Arner Can 7% 77% 77V, 76:* Am H-L Dfd 55% Am Linseed ••• 70% Am Safety Raz. 59 58 V 2 59 08 Am Ice 32% ... 32;a 32 Am Wool 22% ... 22-a 22% Coca Cola 132% ... 132% 132% Conti Can 90Vi 89% 90 88% Certain-teed , ... .■• 5|% Congoleum 24% ... 24% 2 '•% Davison Chem.. .. ..... 37 Dupont 326 320® 326 327 Famous Players. 116% ... 116 lt fi % Gen Asphalt.... 79 78 78% Int Bus Mch.. .127% 127 127% 128% lilt Cm Engr .. *B% ... 47% 48'Int Paper 72% ... 72 71* 1 Int Harvester.. .233% ... 233 232% Lambert 88% 87% 88 87% Loews 60'i ... 60 59',2 May Stores .... 79 ... 78% 79 Montgom Ward.. 131% 130% 130% 131 Vi Natl C R 5IV* ... 51 51 Pittsburgh Coal.. .. ... ... 48-, Owens Bottle ... <6% Radio Corp 95% 93 v 95 Vi 95 Real Silk , ... ... 28Vs Rem Rand .... 27% ... 271$ 27 Sears Roebuck.. 86% 85% 86 86% Union Carbide. 142 1401a 141 Vi 140% UniV Pipe 22* U S Cs Ir Pipe 196 U S Indus Alcho 110% 109% 110 109 % Worthington Pu .. ... .. 28% Woolworth Cos.. 181 ... 179\ 18074 Utilities— Am Tel & Tel 180 179% 180 180 Am Express , l** Am Wat Wks... 55 ... 54Va o4Bi Brklvn-Manh T. bO'a ... 60 Oo;,i Col G& E 91V* ... 91V* 91V* Consol Gas .... 132% 130V4 131 131 Elec Pow & Lt.. 34V* ... 34% 34% Interboro •••_. 3?% Nor Am Cos .... 61% 61% 61V* 61V* Montana Power. 161 160 V, 161 160% Peoples Gas , ..... 169 Std Gas Jk E 1... 61% 61 Vi 61% 61% Utilities Power.. 30% ... 30% 30% West Unino Tel 166 ... 166 166 Shipping— Am Inti Corp 70% Am Ship & Com 5 4% 5 4% Atl Gulf & W 1 38% United Fruit... 139% ... 139% 140 Foods— Am Sug Rfg ... 62 ... 60V* 61% Am Beet Sugar. .. ... ... 16% Austin Nichols ... 5% Beechnut Pkg... 77 ... 77 77% California Pkg 73 V* Corn Products.. 67% 67Vi 87Vi 67 Cuba Cane Su p 28% 28V4 28'% 28'% Cuban Am Sue 21% Flelschmann Cos 68% ... 68 Vi 68% Jewel Tea ... 80 Jones Bros Tea.. 35% 33% 35 32% Natl Biscuit... 166 ... 166 165 Punta Alegre ... 31'% Postum Cos 121% ... 120'% 121% Ward Baking B. 23% ... 23 23% Tobaccos— Am Sumatra .. 49% ... 49'% 49 Am Tobacco 165'% Am Tob B 164% Con Cigars 84% 83 Vi 84 83 V 4 General Cigar .. 71% 70'% 71 Vi 70 Lig & Myers.. 107 ... 107 107 Lorillard 38 ... 37% 38% R J Reynolds ..142 ... 141 141 Tob Products B 107 106% 107 106*4 United Cigar St 31% Schulte Ret Strs 50% ... 50% 50%

In the Stock Market

(By Thomson & McKinnon) NEW \ YORK, March I.—The allotment of the New York City 4 per cent bonds Wednesday and which had been awaited with much interest because of the possible bearing the price to be obtained might have on the money look, was gratifying, since the premium offered fixes the lowest return to the investor of any New York loan for nearly twenty years. This indicates a healthy money market. Furthermore, disbursement of large amounts of dividends and interest by corporations is being reflected In demand for investment securities. The welcome change in the stock market's attitude toward oils is due to expectations that there will be a gradual improvement in conditions affecting the petroleum industry. And yet the belief persists that the major part of the recovery in quite a number of the other groups is being negotiated at the expense of the short interest. That Is why we still suggest that long holdings should be reduced oh bulges.

MARKET HIGHER ON RECEIPT OF S'OOOPORKERS Hogs Advance Generally 10 to 15 Cents; Calves Strong to Higher. Feb. Bulk. Top. Receipts 23. 7.75® 8.25 8.25 10.500 24. 8.30® 8.65 8.55 4,000 25. 8.35® 8.65 8.65 2.500 27. 8.35® 8.60 8.60 7,500 28. 8.25® 8.55 8.55 9.500 29. 8.35® 8.65 8.65 8,000 Mar. 1. 6.25® 8.80 8 80 5,000 With receipts down to 5,000 the hog market advanced 10 to 15 cents on the hundredweight at the local yards today to a top price of SB.BO. The bulk ranged from $8.25 up. There were 1,033 holdovers. Calves were strong to higher, and cattle, sheep and lambs steady. Receipts were fairly light. Salesman were asking 10 to 13 cent shigher on tht Chicago market and most sales were up 10 cents. The top was $8.40, paid for 160-210-pound weights. About 35.000 were received and 11,000 held over. Lights Unchanged Heavy meat animals, 250-300 pounds, advanced 1,5 to 25 cents to [email protected] and material in the 200-250-peund class was up 10 to 15 cents at $8.50® 8.70. Lights, 160-200 pounds, sold at $8.50478.80, 15 to 25 cents higher. Others were unchanged: 130-160 pounds. $7.50®8.25; pigs, $6 7.50. and packing sows, [email protected]. Cattle were steady, although slightly irregular. Beef steers were off at $10.50® 13. Cows sold at $7 @10.25, unchanged. Low cutter and cutter cows brought [email protected], up 50 cents on the low end of the range. Bulk stock ana feeder steers were unchanged at [email protected]. Receipts were 600. Calves Strong Best vealers sold at sls® 16.50. up 50 cents on the top. Heavy calves were unchanged at $6.50® 10.50. Receipts numbered about 500. Sheep and lambs held steady with 200 animals in the pens. The top was sl6 and the bulk fat lambs sold at sl4® 15.50, down 25 cents on tne top. Bulk culls brought $7.50® 11.50 and fat ewes went at $6.50 @9.50. —Hors— Receipts, 5,000; market higher 950-350 lbs $8 00® 3 50 200-250 lbs 8.504, 8.70 160-200 lbs 8 50® 880 ljlo-}6O Ibs 7.50® 8.25 90-120 lbs 6.00® 7 50 Packing sows 6.00® 7 25 -CattleReceipts. 600; market, steady Beef steers $10,503,13 00 Beef cows 7.00® 10 25 Low cutters and cutter cows... 5 50® 675 Bulk Stocker and feeder steers 7.50®; 9.50 —Calves— Receipts. 500: market, strong to higher Best vealers $15.00® 16.50 Heavy calves 6 50® 10.50 —Sheep and Lambs— Receipts. 200; market, steady. Too fat lambs $16.00 Bulk fat lambs 14.00® 15.50 Bulk cull lambs 7.50011.50 Fat ewes 6.50® 9.50 Other Livestock By Times Special LOUISVILLE. March I.—Hogs— Receipts. 1,000: market uneven: heavies, mediums and lights 15® 20c higher: pigs 40c lower; roughs and stags steadv; 250 lbs. up, $8.15; 175 to 250 lbs., $8.65: 130 to 175 lbs.. $7.60: 90 to 170 lbs.. $5.75; 90 lbs. down. $5.25; rough:, $6.25; stags, $5.65. Cattle—Receipts. 200; market for bulls 50c lower; others steadv. Calves—Recelt-ts. 200: market steadv; good to choice. $11®; 13: medium to good. s9® 11: outs, $9 down. Slieep—Receipts. 50: market steady; top lambs, $13.504>'14: seconds. sß®li: sheep. $5.50® 750 Wednesday's shipments: Cattle none: calves. 245; hogs. 448; sheen none. By United Press CLEVELAND, March I.—Hogs Receipts. 2.000; holdovers. 700; market, steady to 10c up: 250-350 lbs . $8.35® 3.60; 206-250 lbs, $8.50® 8.85: 160-200 lbs.. $8.7508.85: 130-160 lbs.. $74*8.85; 90-130 lbs., $6.75; packing sows. $6.50®6.75. Cattle—Receipts. 150 Calves—Receipts. 200; market, dull weak calves, steadv; beef steers. $10.50® 12: beef cows. $7®8.75: low cutter and cutter cows. ss® 6; vealers, sl4® 16.50. Sheep - Receipts. 600; market, steady; top fat lambs. $16.50: bulk fat lambs. sl6® 16.50: bulk cull lambs, sl2® 14.50: bulk fat ewes. s7®9. By United Press EAST BUFFALO. March I.—Hogs-Re-ceipts. 1.200: holdovers. 2.255: market. 10® 13c up: pigs, slow; 250-350 lbs.. $8.65® 8.85; 200-2*o lbs.. $8.75® 9.10; 160-200 lbs., *8.90 ®9.15; 130-160 lbs.. sß®9; 90-130 lbs., $6 75 (08 packing sows. $6,754/ 7.25. Cattle—Receipts. 200. Calve*—Receipts. 100; market, steady. Sheep—Receipts, 1.000; market, strong to 15c up: bulk cull lambs, $12.50® 14.50; bulk fat ewes. $8®9.50. By United Press FT. WAYNE. Ind„ March I.—Hogs-Re-ceipts. 400; market steadv lo 20c higher; 180-200 lbs.. $8.50: 160-180 lbs.. $8.35; 200225 lbs., $8.35: 225-275 lbs., $8.15: 275-350 lbs.. $7.90: 140-160 lbs., $7.75; 110-140 lbs.. $6.75; 90-110 lbs.. $6.25; roughs. $6®6.50; stags. $404.50. Calves—Receipts. 25: market, $15.50 down: sheep, receipts 200; market. lambs $14.50 down. By United Press PITTSBURGH. March I.—Hogs—Receipts. 1,200: market, steadv to 10c up; 250350 lbs.. $8.2508.75; 200-250 lbs.. sß.6o®' 9; 160-200 lbs.. $8.90®9; 130-160 lbs., $8.25 ®9; 90-130 lbs.. s7®9; packing sows. $6.50 ®7.25. Cattle—Receipts. 40. Calves—Receipts, 75: market, unchanged; calves, strong to 50c up: beef steers, vealers, sls® 16.50. Sheep—Receipts, 25: market, steady; top fat lambs, ,*16.50; bulk fat lambs, $16016.50; bulk cull lambs. [email protected]. By United Press, TOLEDO. March I.—Hogs—Receipts. 1,000; market. 15@25e up; on heavy lights, slow; heavies. $7.754j8.25: mediums, $8.60 ® 8.75: Yorkers, $8.60478 75: good pigs, $6.5007. Cattle— light; market, steady.l Calves—Receipts, light: market, steady. Sheep and lambs—Receipts, light; market, steady. SUGAR OPENING By United Press NEW YORK. March I.—Sugar futures opened higher. March. 2.69, up .4; May, 2.69. up .2; July, 2.78. up .2; September. 2.87. up .3; December, 2.95. up .2; January, 2.93. up .2. BARES KIDNAP RUSE -i Mother Pleads Ignorance of Law Violation. Admitting that a letter which she wrote, indicating that she was kidnapped and held prisoner at Union City, Ind., was a ruse to mislead interested relatives and friends, Mrs. Ella Kracke, 23, explained that she didn’t know she was breaking any laws when arraigned for child abandonment in juvenile court today. State Police - Charles Bridges brought the woman back from Union City, where she was found in a hotel. She left her two children, Sarah Catherine, 6, and Lama, 3, at the home of her father, Phillip Capen, 4049 E. Twenty-First St., Feb. 18. Today she said she had received money from Borin Hatfield. 63, of Gettysburgh, Ohio, to go there and enter partnership with him in a restaurant. Her husband swore out a child neglect warrant, but she was released on her own recognizance.

THE INDIANAPOLIS TIMES

In the Cotton Market

(Bv Thomson & McKinnon) NEW YORK. March I.—The advance during the last hour Wednesday convinces us that the maiket Is all right. The news for the day favored the bears to a slight degree but the market itself favored the bulls. The demand for cotton is running ahead of the supply - Just now. and the natural result should be higher pricts. By United Press NEW YORK. March I.—Cotton futures opened higher. March. 18.46, up .7; May. 18.65. up .8; July. 18.54. up .4; October. 18.22, up .2; December, 18.17. up .5; January. 18.12. up .2. STANDARD OIL NET EARNINGS DOWN IN 1927 Indiana Division Profits Are Cut Neariy in Half, Is Report. By United Pri ss CHICAGO. March I.—Demoralization of the oil industry in 1927 cut the net earnings of the Standard Oil Company of Indiana almost in half, the annual report of the board of directors to the stockholders revealed today. The report was read by Col. Robert W. Stewart, chairman of the board, at the annual stockholders’ meeting at Whiting, Ind., a suburb, this afternoon. Net earnings, before tares, in 1927 amounted to $33,197,456 in 1927 compared with $62,593,764 in 1926. the report showed, although the company sold 1.586.271 barrels more petroleum in 1927 than in 1926, and employed 2,600 fewer persons. Despite reduced earnings and the frankly recognized demoralization of the industry, “the present position of the company is exceptionally strong,” the report said.

THE CITY IN BRIEF

FRIDAY Indiana Jersey Cattle Club convention Severin. all day. Central W. C. T. U. anniversary meeting. Roberts Park M E. church, all day and evening. Altrusa Club luncheon. Columbia club. Exchange Club luncheon. Lincoln. Master Painters Association luncheon. Elks Club. Knights of Columbia luncheon, Spink Arms. Optimists Club luncheon. Clavpool Phi Delta Theta luncheon. Chamber of Commerce. Indianenolis Pure Food and Household Appliance Show Cadle Tabernacle. 1 p. m. to 10 p. m. Police have been asked to search for Clarence Coovert, 37. of 257 Minkner St. A brother told police that Coovert left Mayor, Ky„ but failed to arrive here. “Business needs the human quality of sincerity,” declared Dr. Henry McLean, of Greencastle, before the Kiwanis Club, at luncheon Wednesday. McLean urged sincerity, sympathy, service and spirituality as foundation stones of character. Employes of the Sanders System will be the guests of the Christian Men Builders. Inc., at the Third Christian Church Sunday morning. Merle Sidener, teacher of the class, will speak „n “Money.” There will be piano solos by Robert McNealey. An indoor circus entertained the Indianapolis Real Estate Board members at their luncheon today at the Chamber of Commerce. Joseph J. Argus was ringmaster. Marion Stump and D. A. Coulter made speeches. Aubrey Dunham presented slight-of-hand tricks and the colored Y. M. C. A. quartet sang. Vice President E. Kork McKinney presided in the absence of President Emerson W. Chaille. Ross Coffin, City Trust Compand insurance department manager, was appointed receiver for the ClarkTodd. insurance agency, 302 State Savings and Trust Bldg., by Superior Judge Byron K. Elliott Wednesday. Funeral services for Elmore Johnson, an inmate of Julietta county hospital, were held at the Salvation Army Industrial Home, 127 W. Georgia St. Wednesday. The home took charge of the funeral service and burial because Johnson had been a resident of the homo before his removal to Julietta, two years ago. He had no relatives. Incorporation papers for the Citizens Life Insurance Company were filed at the Statehouse Wednesday. The company proposes to conduct an assessment plan insurance business here. Incorporators are Archie Greathouse, Ruth E. Chamblez, Robert W. Chamblee, Henry Brown and Thomas M. Sellers. A total of $200,000 insurance has beeen subscribed by some 200 persons, who will become members of the corporation, the petition said. The Indianapolis Office Furniture Company was awarded the contract to furnish 280 document files for the office of county asssessor Wednesday by the board of commissioners. The bid was $596. The Star Discount Company, to operate a discount business here, was incorporated Wednesday by George J. Potts, Walter C. Kimler, Leonard Tanner, William K. Hankinson, William C. Quinn and Robert M. Collier. Capitalization Is $25,000. Attorney Alva J. Rucker will speak before Indianapolis Teachers’ College students Friday at 1 p. m. on “The Indiana Lincoln Memorial,” Mrs. Gary Winders, in charge of the program, announced today. Camp No. 3 P. O. of A., will have a regular business meeting Friday at 8 p. m. at 2914 S. Delaware St. Marriage Licenses Marlon Hamilton Jordan, 25. of 1025 Vine St., seatman. and Ruth Marie Lee 21 of 4162 Winthrop Ave.. clerk. Chester Jordan. 25. of 930 Senate Ave . ffarage employe, and Leota Murphy. 18. of 1026 N. Fayette, maid. . Cecil P. Scott. 21. R. R. K. Box 231. farmer, and Mary Alice Shields. 20. Oaklandon. Walter D. Patton. 20. of 435 N. Blackford. shoemaker, and Juanita G. Miller. 17. of 43a N. East St. Joseph R. Heath. 47. Anderson, trucker, and Irene A. Webber. 32. of 1935 Ralston Ave.. housekeeper. John William Heaton. 56. of 323 E. North St., salesman, and Anna Laws. 59, of 434 Harvard PL, housekeeper, knitter, and Gladys A. Moorefleld. 22, Mars Hill, hosiery worker. Kieth Commons, 36. of 2005 N. u'inois St., collector, and Doris Mae Wright. 30. ol 2005 N. Illinois St., saleswoman. 4 Walter O. Teifert, 22, ol 12 E. Schiller,

CROP ESTIMATE FAILS TO PUSH FUTURES HIGHER Gains Are Irrelevant in Chicago Pits Following Private Reports. By United Press CHICAGO, March I.—Private crop and farm reserve estimates failed to provide the startling effects expected on the Chicago Board of Trade today, and although the reports were bullish, gains were irrelevant. Private estimates on wheat reserves on farms were about as expected and the market sold off slightly, following their announcement. After a midsession rally the market sank into dullness. The only news was the lack of moisture In the Southwest. Receipts were twenty-three cars, and cash was unchanged. The same situation existed in the corn pit as in wheat. Tradeers considered the bullish estimates had already been discounted and the market declined I to rally slightly late. Heavy receipts of 530 cars depressed the cash market, which was offi % cent. Oats estimates placed farm reserves at the lowest figure in years and the commodity held its gains fairly well. Receipts were sixty-six cars; cash market unchanged. Chicago Grain Table —March 1— WHEAT— Prcv. High Low. 12:00 close. March 1 34% 1.a% 1.34 1.33 3 i May 135% 1.34% 1.34% 1.34% July 134 1.33 1 a 1.33',* 1.33% CORN— March 95% .94%. .94% .95% Mav . .99% .97% .98 .98% July 101% 1.00 1.00% 1.01 OATS— March 57 ... .56% .56% Mav 58% .57% .57% .57% July 54% .53% .53% .53% RYE— March 1.15% 1.14% 1.15 1.13% Mav 1.14% 1.14 1.14% 1.13% July 1.09% ... 1 09 1 08% LARDMarch 11.40 11.32 11 40 11.27 May 11 70 11.62 11.65 11.57 July 11.97 11.90 11.85 September .. 12 25 .... 12.12 12.07 RIBS Mav 1127 July 11.50 By Times Bpeeiat CHICAGO. March I. Carlots: Wheat, 21; corn. 433, oats. 38; rye. 3. By Times Special CHICAGO. March I.—Primary receipts: Wheat. 883.000, against 661,000; corn. 2 - 105.000. against 867,000: oats. 294.000. against 264.000 Shipments: Wheat. 574.000, against 415.000: corn. 857.000. against 297.000: oats. 340.000, against 317.000.

Produce Markets

Butter (wholesale price'—No. 1. 49& 51c; No. 2. 48049 c lb Butterfat (buying price)—47® 48c lb. Cheese (wholesale selling prices, per pound'—American loaf. 35®38c: pimento loaf. 384/ 40c: brick loaf, 35® 38c: Swiss No. 1, 42 / 440: Imported Swiss. 52c; Wisconsin flat, mild and sharp. 32®34c; print cream. 384/40c; fiat display. 284/30c: Long horn., 28®29c; New York limberger. 42® 44c. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off. 220 23c doz. Poultry (buying prlcesi—Hens. 21®22c; Leghorn hens. lettHc: springs. No. 1 soft meated. 20 4/22c: Leghorns. 154/17c; young springs. 14® 16c; roosters. 10012 c: Leghorn stags. 10®12c; capons. 8 lbs. and over, 30ii 31c; 7 to 8 lbs . 28 '/ 29c: 6 to 7 lbs. 25® 26c; under 6 lbs. and slips, 23 ff23c: ducks. 15017 c: geese. IS® 15c; guineas, old 35c; young 50c. By United Press CLEVELAND. March I.—Butter—Extras. In tubs, 50%4/'52%c: firsts. 46%</48%e: seconds, 43 1 2® 45 1 *c.; packing stock. 30 o 32c. Eggs—Extras, 30c% extra firsts. 29c; firsts. 2/%c: ordinary. 27c. Poultry Heavy fowls. 27'/29c; medium. 27029 c: Leghorns. 234/ 25c; heavy springers. 25'/ 28c; Leghorn springers. 20®22c: ducks. 25 ® 28c; geese. 22® 24c: old cocks. 17® 18c. Potatoes—lso-lb. sacks round white Minnesotas. $3.50: Michigan. $3.75; Wisconsin. $3.75® 3.85; 120-lb. sacks Minnesota. $3 a 3 25: Maine Green Mountain. $3,65; Idaho Rural Burbanks. $3; 100-!b. sacks Texas Triumphs, *4.75®5; Cuban. 45-lb. crates Reds. $3 75®4. Bil United Press NEW YORK. March I.—Flour Steadv and unchanged. Pork—Easier; mess. S3O. Lard—Steady; Midwest spot, $11,554/ 11.65 Sugar—Raw firm; spot 96 test delivered duty paid. 4.40 c; refined firmer; granulated, 5.650 5.75. Coffee—Rio No. 7 on spot. 17c; Santos No. 4. 20®23%c. Tallow —Weak: special to extra. 8%®8%c. Hay —Dull: No. 1. $1.10: No. 3. 60®85c; clover. 65cu*l. Dressed poultry' —Quiet: turkeys, 304/46c; chickens. 184/46c: broilers. 35® 55c: capons. 304748 c: fowls. 180 30c: ducks. 160 20c; Long Island ducks. 18®’22c. Live poultry—Steady: geese. 14®23c: ducks. 16 4<33c: fowls. 25® 27c: turkeys. 35® 50c; roosters. 18c; chickens. 264i36c: capons. 30 ®4sc; broilers, 40®55c. Cheese-Steadv; State whole milk fancy to specials. 29® 29‘re; Young Americas. 29%c. PotatoesLong Islands. $2 2505.70; Jersey. $101.75; Slate, *3.60®3.75; Maine. $3.75475; Bermuda. $3.50 68. Sweet potatoes—Jersey, basket. 75c® $2.85: Southern, basket, *1.75 ®2.70. Butter—Firm: receipts. 12.733; creamery extra. 49c; special market. 49% ®soc. Eggs—Steady: receipts, 24.286; nearby white fancy, 35® 37c; nearby State white. 31®35c: fresh rsts, 28%28%c; Pacizc coasts. 31037 c; western whites, 30@ 32c; nearbv browns. 32®34c.

Local Wagon Wheat

Local grain elevator* are paving $1.45 for No. 2 red wheat. Other grades are purchased on their merits

GIRLS! Indianapolis is to have a dancing ensemble of its very own, composed of Indianapolis girls who will be trained to rival the dancing groups of The Leading Broadway Shows Open to any Indianapolis girl. Please report to INDIANA BALLROOM JP. M. Today, Friday or Saturday'

CHARLIE DAVIS WILL BE AT THE INDIANA BALLROOM TONITE

CHILDREN STILL GOOD SPELLERS; LISTPROVES IT Interest Grows in State Contest Which Begins March 9. Back in the old days when pupils carried their lunch to school and played “Andy over” during recess and the noon hour, the principal subjects were the three R’s, reading, Titing and ’rithmatic. And spelling came in for a goodly share of instruction time, too. Perhaps the three R’s are not stressed so much today, and may he spelling has declined. At least the mothers and fathers of today say they are better spellers than their children. But the children have protested and compiled a list of words that 100 per cent of parents will fail to spell. Try These on Your Friends Anyway, here is the list. Try them on your friends; they will fail to spell most of the words. liquefy paraffin diphtheria supersede naphtha picnicking kimono tranquillity rarefy separate sacrilegious battalion vilify ecstasy It is lots of fun to fool your friends, and even the boss himself flunks out on the majority of the words. But the Indiana Spelling Bee will be even more fun than this when the first line of spellers faces the pronouncer in the room contest March 9. Thousands of school children have entered the spelling bee sponsored in Indiana by The Indianapolis Times and already have started studying for the event. Bee Is National Event The spelling bee is a national contest among students in the fifth, sixth, seventh and eighth grades of public and parochial schools. Contests are held in each room of every school building in the county and one champion is selected. Then on March 16 the room champions meet and are eliminated to one for each building. These building champions meet again March 30 when one champion is selected in Marion County outside Indianapolis and eight winners are named in zones in Indianapolis. Then on May 4 the eight Indianapolis champions and the champion from each county meet for the State contest in Indianapolis. The winner is crowned Indiana champion and sent to Washington, D. C.. with all expenses paid by The Times, to compete in the national contest, about May 22. The national champion and runner-ups are eligible to $2,500 in cash prizes. Many Prize Awards Miss Flora E. Drake, assistant superintendent of Indianapolis schools, is in charge of the local contest, and Lee V. Swails, Marion County suAMUSEMENTS ENGLISH’S S , CHARLES DILLINGHAM Presents HUE ir > 3 New Musical Comedy SSS 2 CRISSCROSS STONE DODOTHy STONE 100—PERFORMERS—100 16 Tiller Girls--Troupeof Arabs ALL NEXT COM. 11011 C th week mon. IT!on. Jin Matinws —IVo/lnps/la.v ntul .Saturday See the Vanishing Whippet Car and 10 Beautiful Girl* THE WONDER SNOW OF TNE UNIVERSE! THURSTONffiJ ■ THE GREAT MAGICIAN I IUUJ Prime- Mte* and Sat. Matinee, rriccs. 50c to 65 Wed. Mnt., BOe to *l.tO SEATS SEEDING CHARLOTTE & MARY Radio Stars from IVMV, Cincinnati, IN PERSON Kerr & Watson, Sid Denis. Carlena Diamond, Jutta Valey & Cos., McDevltt, Kelly & Qnlnn. NEXT WEEK Speeinl Vaudeville Engngament of the World-Famous San Antonio’s SIAMESE TWINS DAISY AND VIOEET JIII.TON Born Joined Together Thursday—Friday—Saturday DAILEY PASKMAN RADIO MINSTRELS of Station WGBS 20—Stage and Radio Stars —20 Lang & Haley j Louis & Cherie Others—and “PAJAMAS” With Olive Borden T.BEHN'u/.r.Frl. Night, Mar. 9 300 VOICES—3S MUSICIANS ZION CHOIR —AND ORCHESTRA— From Zion, 111, —Radio Station WCBD In a Gigantic Choral Conrert Reserved Seats, SI.OO, 75c—On Sale at Clark & Cade Claypool Hotel Drug Store GENERAL ADMISSION* 6,000 SEATS AT 50c MUTUAL —j BURLESQUE THEATRE OH BOY See LENA DALEY WITH BARE FACTS

perintendent, will conduct the contest outside Indianapolis. The school superintendent of each county entered is in charge of his county with the assistance of the leading newspapers in the county. The Times is spbnsoring the contest in Boone County with the assistance of C. O. Capplinger, Lebanon, Boone County superintendent. Prizes will be awarded room winners in Marion County, and later the winners in each county will be given prizes. All. awards will be announced later in The Times. ENDS HALF CENTURY AS PENNSY EMPLOYE T. J. Maidens Retires as Conductor; Honored on Last Trip. Fifty years of railroad service terminated for T. J. Maidens, 836 Oxford St., conductor on the Pennsylvania railroad, at 8 a. m. Wednesday, He left Columbus, Ohio, at 4:30 a. m. in charge of the recently christened Spirit of St. Louis, which under it’s original name he has been in charge of for the past eighteen years. Maiden began as a brakeman on a wood-burning engine in the Columbus yards. He was honored with a special breakfast in the dining car of the train and was met at Indianapolis by Mrs. Maidens and a group of railroad men who presented him with flowers, a traveling bag and a pipe. He will continue to make his home MOTION PICTURES Gene Stratton-Porter’s “HARVESTER” I I*lll v .Dooley Comedy |jg I CONNIE ms* BAND |

1 DIDN’T KNOW GUN WAS LOADED’—CRIES SLAYER “Most Beautiful Murderess" Crumples in Trial for Slaying Sugar Daddy Languishing in the county jail is Roxy Hart, “Chicago’s most beau!iful murderess,” whewshot her lover, whom she at first insisted was a burglar. It is expected that a bitter legal battle will be waged to save the jazz woman from the penalty of the law. Her husband, who was absent from home at the time of the crime, has engaged Flynn, the famous criminal lawyer, to defend his faithless wife. This situation is evolved in “Chicago,” the screen version of the famous play by Maurine Watkins. Phyllis Haver, Victor Varconi, Robert Edeson and T. Roy Barnes are chief in the cast, “CHICAGO”

Circle L the show place of Indiana^

Coming Saturday

HIS Best/ His Best! JOHN BARRYMORE and DOLORES COSTELLO “WHEN A MAN LOVES” Immoral? Immortal? Who Is to judge? Their only sin was THEY LOVED! VITAPHONE * CIRCLE ORCHESTRA ' NEWS

AMUSEMENTS PMACE Will You Be FIRST or Last? The first patrons of the new Locw’s Palace Theatre —those who attend the opening performance on Saturday morning, March 3 (day after tomorrow), will get the REAL thrill. For they themselves will be the FIRST to see the marvelous transition that has taken place within the walls of this popular playhouse. So it’s surely worth while being at the big opening, Saturday at 11 A. M. MARY PICKFORD never appeared in a better picture than “MY BEST GIRL,” the initial screen presentation at the opening of the Palace. And Charles (Buddy) Rogers is in the big cast. You’ll Jove this one. ‘‘DREAM GARDEN” will dazzle you with its elaborate scenic displays, the gorgeous costumes and wondrous atmosphere. The great cast of players, all coming direct from the Capitol Theatre in New York, will present John Maxwell, George Lyons, Ella Dagnova, the Sixteen Chester Hale Dancing Girls, Lloyd and Brice and others. You’ll gasp at the beautiful scenes. EMIL SEIDEL will direct the grand concert orchestra. Lester Huff is to preside at the giant Wurlitzer and Dusty Roades will sing some popular numbers. The surprise feature will present TEDDY JOYCE, late of the Capitol Theatre, who comes here to direct our jazzy stage band and preside as master of ceremonies. TEDDY should be a knockout from the start. Be one of the first to see this great show!

.MARCH 1, 1028

in Indianapolis, but will leave soon with his wife to make a tour of the West. MOTION PICTURES IINDIANAj DOLORES COSTELLO in “The College Widow” George Ade’s Classic CHARLIE OAYIS INDIANA BAND in A Publix Revue “HAVANA” with Wally Jackson Dorothy Berke PETROFF GIRLS Geo. Dewey Washington and Many Others Maurice—lndiana News OttSLMS> GEORGE BANCROFT “THE SHOWDOWN” WITH EVELYN BRENT, NEIL HAMILTON *• • • Our Gan it Comedy Fox New* Ray Wining* Versatile Trio

Coming Saturday