Indianapolis Times, Volume 39, Number 269, Indianapolis, Marion County, 7 March 1928 — Page 14

PAGE 14

GENERAL MOTOR SHARES ABOVE TUESDAYCLOSE Open on New York Exchange This Morning at New High Record.

Average Stock Prices

Average of twenty industrials Tuesday was 199.51, up 1.71. Average of twenty rails was 135.37, up .11. Average of forty bonds was 99.01, up .02. By United Press NEW YORK, March 7.—The first sale of General Motors made today on the New York Stock Exchange was at 150-i, anew high record and % of a point above the previous close. The issue later advanced to 150%, and then sagged to 149*4 in modrate profit taking. In general the stock market presented a highly irregular appearance in the early trading. A long list of issues declined a point or more with selling converging on Tuesday’s best gainers, such as Greene Cananea, Gold Dust, International Nickel and MontgomeryWard. International. Harvester, which reported record earnings in 1927, sold down 6% points to 237 on the good news. U. S. Steel Off United States Steel, winch was estimated today to be producing at 89 per cent of capacity, compared with 90 per cent a week ago, declined % to 141%. Westinghouse Air Brake. Westinghouse Electric and American Steel Founries were especially strong on buying based on rumors that Cutten & Fisher interests were planning a huge community of interest in these concerns. Describing the market, the Wall Street Journal’s financial review today said: “Significance was added to recent gains in the industrial leaders by indication of business improvement in various sections of the country. Secretary of Labor Davis reported increasing employment, while President Parsons of Woolworth said that the outlook for spring trade was particularly promising. Both President Gray of the Union Pacific and President Donnelly of the Northern Pacific reported favorable conditions in their territory with prospects of improvement in earnings in the first six months of 1928. Quiet at Noon Trading quieted down around noon, but prices held steady despite heavy profit-taking in the leaders. Both General Motors and Steel held fractionally below their previous closes and other leaders were proportionally lower. Greene Cananea continued in demand, a large short interest being thrown in retreat by a sharp advance of more than six points. The United States Rubber issues were under pressure and Dupont sold off. Establishment of Rock Island on a $6 annual basis against $5 previously paid, caused little excitement on the rail group and Rock Island itself sold off after the announcement. G. M. C. Sells Off By United Press NEW YORK, March 7.—General Motors soared to another high record in the early stock market today, but later sold off on renewed profit taking. Tire initial sale was 5,0J0 shares at 15014, up % from the previous close. After moving up to 150%, large selling orders were executed, forcing it back to 149, off 1 point net. U. S. Steel common also lost a point as did American Can. Chicago, Rock Island & Pacific was a strong point, rising more than a point on expectation of an increase in' the dividend rate at the meeting today. International Nickel was under severe pressure following publication of It seamings statement showing 1927 earnings equal to $3.30 a share, compared with $3 a share in 1926.

Banks and Exchange

INDIANAPOLIS STATEMENT local bank clearings today ware $3,827,000. Debits were $6,706,000. NEW TORK STATEMENT By United Press NEW YORK, March 7.—Bank clearings, $1,232,000,000: clearing house balance, $114,000,000. FOREIGN EXCHANGE By United Press NEW YORK, March 7.—Foreign exchange opened steady. Demand sterling. $4.87%; francs, 3.93‘/ac; lira 5.28%c, up .00%; Belga, 13.93 c; marks. 23.83 c. TREASURY STATEMENT By United Press WASHINGTON. March 7.—The 'treasury net balance for March 5. was $60,489,198.31. Customs receipts this month to March 5, were $7,485,298.17.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, March 7.—Here we are in the early days of March with a real bull market on. Can it be that the people that buy stocks have became so cold and calculating as to proceed without the advice and consent of those supposed to be the powers of American finance and politics, ignoring not only what was supposed to be a warning, but ignoring what is supposed to be an investigation? It’s a fact. It’s all being ignored, and we think we know the reason why. The army of people who have bought stocks just said to themselves “We were not given any warning when we were buying, so it must have been all right, so why should it became wrong after we bought?” And as for the congressional investigation, it can’t present anything new unless the investigators call the banker from out of town—the source of the money for brokers’ loans. This sort of investigation will disclose the fact that the money comes here because they get the best security in the world and can get the money back when they want it. It appears to us that the market is getting into old stride again. ,

New York Stocks

"(By Thomson & McKinnon)'

—Mrech 7 Prev. Railroads— High. Low. 12:00. close. Atchison 183% ... 183% 184 • Atl Coast Line .172 ... 172 171=4 Balt & Ohio. ...111% 111% Ill'll 111 % Canadian Pac ..208 ... 208 206'. Chesa & Ohio ..191% ... 191% 181% Chi & Alton 6'j Chi & N West... 81% ... 81% 81',a Chi Grt West... 10% ... 10% 11 C R I& P 111% 111 111% 110% Del & Hudson 166% Del & Lacka.. .134% 133% 134% 134 Erie 52=4 Erie Ist pfd 53% ... 54% 55% Qrt Nor pfd .... 94% ... 94% 94% 111 Central 136 Lehigh Valley 87% Kan City South.. 53% ... 53% 53 Lou <fe Nash 147 MK & T 33% ... 35% 35% Mo Pac pfd ...108% ... 108% 108% N Y Central 162 N Y C & St L 130 NY NH & H.... 62% ... 62% 62% Nor Pacific 95 Norfolk <& West 182 ... 182 182 Pere Marquette 129 ... 129 129 Pennsylvania .. 66 ... 66 66 P & W Va 127 ... 127 128 Reading 98% ... 98% 98% Southern By 143% ... 143% 143% Southern Pac ..118% ... 119=! 119% St Paul 22% ... 22 22% St Paul pfd 37% ... 37% 37% St L& 8 W.... 72 ... 71% 71 St L & S F....114% ... 113% 113% Texas & Pac....116% ... 115% 116 Union Pacific ..192 ... 192 192% West Maryland. 41% ... 41% 31 Wabash 62 ... 62 62 Rubbers— Ajax „10 ... 9% 10% risk 14% ... 14% 14% Goodrich 81% .. 79% 81% Goodyear 30% 19'% 19% 58 Kelly-Spgfld 18% ... 18% 21 Lee 18% ... 13% 19 United. States .. 41% 40 41 43 Equipments— Am Car & Fdy..105 ... 105 103"% Am Locomotive 111% Am Steel Pd.... 62 61% 62 60% Baldwin Loco 256 General Elec... 131% 129% 130 131% Oen By Signal .. 90 98 % 99 99% Lima Loco 55 ... 53 55% N Y Airbrake .. 45 ... 45 44% Pressed Stl Car. 26 26 26 2% Pullman 83 82% 82% 83 Westlngh Air B 53 51% 03 51 Vi Westlngh Elec.. 97 9a 97 94% Steels— Bethlehem 58% ... 57% 58% Colorado Fuel... 73% 71% 72% 72% Crucible 87% ... 37% 87% Guif States Stl "... 54% Inland Steel... 46% ... 46% 46% Phil R C & I 311 31 31% 31% Rep Iron & Stl 60 ... 60 60V* Sloss-Sheff 128% U S Steel 142% 141'i 141% 142% Alloy 30% 20% 30 29 % Youngstwn Stl. 89 ... 88% 89 Vanadium Corp. 80% 79 80 80% Motors— Am Bosch Mag 19% ... 19% 19% Chandler 1512 ... 15% ... Chrysler Corp.. 61% 61 61% 61% Conti Motors .. 10% 10% 10% 10% Dodge Bros .... 18% ... 18% 18% Gabriel Snbbrs 19% General Motors. 150% 148% 149% 150 Hudson 88% 87% 88% 87% Hupp 41% 41 41% 41 Jordan 11% ... 11% 12 Mack Trucks... 94% 93% 94% 93 Moon 7 ... 7 6% Motor Wheel .. 28% 28% 28% 28% Nash 88% ... 88% 83= 9 Packard 65 ... 64% 64V' Peerless 20% ... 20% ... ' Paige 19 18% 18% 19 Reo 24% 24'% 24% ... Studebaker Cor. 64% 63% 63% 63% Stew Warner... 93% ... 93 93% Stromberg Cart. 50%. 49% 50% 43% Tinmen Bear ...117 ... 116 117% Willys-Overland. 21 % 20% 21 21% Yellow Coach... 30% 29% 30 30% White Motor 32% Mining— Am Smlt & Rfg.173% ... 172% 173% Anaconda Cop.. 55% 55 55% 55% Calumet & Ariz 97 ... 95% 96 Cerro de Pasco. 62% ... 62% 62% Chile Copper... 38% ... 38% 38% Greene Can Cop. 130 125% 129 124% Inspiration Cop. 18% ... • 18% 18% Int Nickel 84% 83% 83% 85% Kennecott Cop.. 81% ... 81% 81% Magma C'op 46% Texas Gulf Sul 72% ... 72 71% U S Smelt 39% 39U 39% 40 Oils— Atlantic Rfg 102% Cal Petrol 25% 25% 25% 25% Freeport-Texas.. 78% 77V 77% 77% Houston Oil ... 133% 132% 133 133 Indp Dil & Gas 25% ... 23 25% Marland Oil ... 33% ... 35% 35% Mid Cont Petrol 26% ... 26% 27 Lago Oil & Tr 30 Pan Am Pete B 42% ... 42% 42% Phillips Petrol. 38% ... 38% 38% Pro Rfgrs 19% Union of Cal .. *5% ... *3% 45 Pure Oil 21% ... 21% 21% Royal Dutch 45% Shell 25% ... 25% 25% Simms Petrol 21 % Sinclair Oil 19% 19% 19% 19% Skellv Oil 25% Std Oil Cal 54% ... 54% 54% Std Oil N .T 39 ... 38=1 39 Std Oil N Y 30% ... 30% 30% Texas Corn .... 52% ... 51% 51% Transcontl 8% 8% 8% 8% Industrials— , Adv Rumely 14 Allis Chalmers.. .. ... ... 121 Allied Chemical 150% ... 150% 151% Armour A 14% ... 14% 14% Amer Can 81% 80% 81 81% Am Hide Lea .... ... ... 13 Am H L pfd 57% Am Linseed 73% .•. 73% 73 Am Safety Raz 60% Am Ice 32% ... 32% 33% Am Wool 23% C oca Cola 139 ... 139 139 Cont! Can 90% ... 89% 90 Certainteed ... ... 58% Oongoleuri 24% 24% 24% 25 Davison Client.. .. ... ... 37” Dupont 343 342 342 345 Famous Plovers 1'9% lia% 118% 119% Gen Asphalt ... 78% 77% 73 77% Int Bus Mch 131 Tnt Cm Engr ... *B% ... -<B% 48% Int f’apcr 71 Vi ... 71 % 7'% Tnt Harvester .. 239 237 239 244% Lambert 94% ... 94% 94% Loews 61% ... 61% 6174 Mav Stores Monteom Ward 135 ... 133% 135 Natl C R 50 ... 50 50'% Pittsburgh Coal. . . 47 Owens Bottle .. 77% ... 77% 77% Radio Corp 98% 97% 97% 98% Real Silk 26 ... 26 26 Rem Rand 27% ... 27% 27% Sears Roebuck.. 87'% ... 87 87% Union Carbide. 1433% ... 142% 143% United Drug 23'% Univ Pipe 24% ... 24V4 24% 0 8 Cs Ir Pipe. 203 ... 200 201% U 3 Indus Aleo 110 Worthington Pu. .. 29% Woolworth Cos . 183% 183',i 133% 184% Utilities— Am Tel & Tel.. 180% ... 180 180% Am Express 184 Am Wat Wks... 54% 54 54% 54% Brklvn Manh T. 6314 ... 62% 62% Col G & E 91 ... 91 90 Consol Gas .... 134% ... 134% 134% Elec Pow & Lt. 36% ... 36 36 Interboro 35 ... 35 35% Nor Am CO .... 60 ... 59=4 60 M Power 163% 162 163 16.3% Peoples Gas ... 167 ... 167 167 Std Gas ft El .. 62% ... 62% 62% Utilities Power.. 33% 32% 33% 32 West Union Tel 73 Shipping— Am Inti Corp... 78% ... 773/* 77% Am Ship & Com 4% ... 4% 4% At! Gulf ft W 1 40% Inti Mer M pfd. . 39% 38% 3814 39 United Fruit ... 138% 13814 138% 140 Foods— Am Sug Rfg ... 61% ... 60 61 Beechnut Pkg... 77% 77% 77% 77% California Pkg.. 74 73 74 73 Corn Products . 72% 71% 72% 71 Cuba Cane Su p 27% ... 2714 27% Cuban Am Sun. 20 ... 20 20 Fleischmann Cos. 70% 70% 70% 70'% Jewel Tea 81% 81% 81% 81 Jones Bros Tea. 33% ... 33% 33 Natl Biscuit ... 171 ... 171 171 Punta Alegre ... 30*4 ... 30% 29 Postum Cos 121% Ward Baking B 24% ... 24% 24 Tobaccos— Am Sumatra 50 Am Tobacco ... 169% ... 169% 169 a 4 Am Tob B 169% 169% 169% 169 Cor. Cigars 87% ... 87% 87% General Cigar . 71% ... 71% 71% Lig ft Myers .. 113% ... 112% 111% Lorlllard 44 42V4 43 43 R J Reynolds . . 145% ... 145% 145% Tob Products B 109% 109 109% 109=4 United Cigar St 31% ... 31% 31% Schulte Ret Strs 52'4 52 % 52% 52 RUBBER FUTURE DROPS New York Prices Fall in Sympathy With Foreign Markets. By United Press NEW YORK, March 7.—ln sympathy with the weakness in London and Singapore markets, crude rubber futures on the local rubber exchange dropped 230 to 280 points in the early dealings today. Selling was exceptionally heavy. As an avalanche of selling orders poured into the market and started stop-loss order prices reached to new low records since the rubber exchange was founded two years ago. By United Press LONDON, March 7.—Spot rubber sold at 24.5 cents a pound today, the lowest price it had reached since the middle of 1924. Earlier it had sold at 26 cents. Last night’s closing price was 27% cents.

LIGHT PORKERS STRONG TO UP; SOMEDECLINE Hog Market Is Irregular as Receipts Jump to 9,500. Feb. Bulk Top. Receipts. 29. 8.35® 8.65 8.65 8,000 Mar. 1. 8.25® 8 80 8.80 5.000 2. 8.25@ 8.80 8.80 6.500 3. 8.25® 8.65 8.65 4,000 5. 8.25® 8.60 8.60 3.000 6. 8.40® 8.70 8.75 6.000 7. 8.25® 8.70 8.75 9,500 While light hogs were strong to 10 cents higher on the hundredweight, other weights were weak to lower on the local livestock exchange today. About 9,500 hogs were received at the yards and there were 366 held over. Calves were considerably lower and other livestock was mostly steady. Receipts were heavy except in the sheep and lamb division. The Chicago market opened slow, around steady with Tuesday's averages. The top was around $8.40. Receipts numbered 21,000 and there were 15,000 holdovers. Top Price Unchanged Heavy meat animals sold in a wider range at SB7) 8.60, down 10 cents on the low end of the range and up 10 cents on the top. Material weighing 200-250 pounds went at $8.50@>8.70, up 10 cents on the low end. Lights, 160-200 pounds, sold at $8.25418.75, 15 cents lower to unchanged on the top. Light lights, 130-160 pounds, were down evenly 15 cents at $7,507)8.25, and pigs brought $6.25 Tv 7.50, off 15 cents on the top. Packing sows were unchanged at $G.25'5 7.50. Beef steers were weak in a generally steady cattle market. Receipts were the same as Tuesday at 1,000. Steers went at $M@ 12.50 and beef cows brought s7® 10. Low cutter and cutter cows were $5.50® 6.75 and bulk stock and feeder steers, $7.50® 9.50. Calves Drop $1 Declining 50 cents to $!, best vealers sold at sls® 16, today, after moving up and down every day this week as in weeks past. Heavy calves were unchanged at $6.50® 10.50. Receipts were considerably higher at 1,100. Sheep and lambs were unchanged again today with receipts the same at 200. The top was quoted at $16.25. Bulk fat lambs sold at sl4® 15.50, and culls at $7.50® 11.50. Bulk fat ewes went at $6.50®9.50. —Hors — Receipts. 9,500; market Irregular. 250-350 lbs sß.oo® 8.60 200-250 lbs 8.50® 8.70 160-200 lbs 7.50® 8.25 130-160 lbs 7.50® 8.25 90-130 lbs 6.25® 7.50 Packing sons 6.25® 7.50 —Cattle— Receipts. 1,000; market, steady. Beef steers slo.oo® 12.50 Beef cows 7.00®10.00 Low cutters and cutter cows ... 5.50® 6.75 Bulk Stocker and feeder steers 7.50® 9.50 —Calves— Receipts. 1.100: market, lower. Best vealers $15.00®.16.00 Heavy calves 6.50® 10.50 —Sheep and Lambs— Receipts. 200; market, steady. Top fat lambs $16.25 Bulk fat lambs 14 00® 15 50 Bulk cull lambs 7.50 ft 11.50 Fat ewes 6.50® 9.50 Other Livestock By United Press CLEVELAND. March 7.—Hogs—Receipts. 1,700: holdovers. 1.800; marxet, steady; 250-350 lbs.. sß.3sft 8.50: 200-250 lbs., *8.60 ft 8.85; 160-200 lbs., $8.75*18 85: 130-160 lbs., $7®8.85: 90-130 lbs . $6.75ft 7; packing sovfp s6.soft 6.75. Cattle—Receipts. 200. Calves—Receipts. 350; market, steers dull, steady, weak; beef cows, $6.75ft 8.50: low cutter and cutter cows. $4.75® 6; vealers, $14®17. Sheep—Receipts. 1.500; market, steady; top fat lambs. $16.65; bulk fat lambs, $160716.50; bulk cull lambs, sl2® 14.50; bulk fat ewes. s7®9. Bet United Press PITTSBURGH. March 7.—Hogs—Receipts, 2,500; market steady to 10c down; 250-350 lbs., $8.35®8.85: 300-250 lbs.. $8 75 ft; 9: 160-200 lbs.. $8,954)9; 130-160 lbs., $8,254:9; 90-130 lbs., $6.75413: packing sows. $6.75477.50. Cattle- Receipts. 30. Calves —Receipts. 125; market, steady, calves, slow; beef steers. $11,504)13 85: vealers. sls ft 16. Sheep—Receipts, 250; mraket. steady; top fat lambs. $16.75; bulk fat lambs. sl6 @16.50; bulk cull lambs. $11.50014.50. By Times Special LOUISVILLE. March 7.—Hogs-Receipts. 1.000; market for pigs 20c lower: others steady: 250 lbs. ud. $8.10; 175 to 250 lbs.. $8.60; 130 to 175 lbs.. $7.55; 90 to 130 lbs., $5.50; 90 lbs. down. $9; roughs. $6.20; stags. $5.60. Cattle—Receipts, 200: market steady; calves, receipts, 200; market steady; good to choice, $11®13; medium to good. s9® 11; outs. $9 down. Sheep—Receipts, 50: market steady; top lambs. $13,500) 14; seconds, $8@11; sheep, $5.50ft;7. Tuesday's shipments: Cattle. 191; calves, 220; hogs. 941; sheep none. Bn United Press EAST BUFFALO, March 7.—Hogs—Receipts, 2,500; holdovers. 1,354; market, steady to 10c up: 250-350 lbs . $8.400 8.90; 200-250 lbs., sß.7sft 9.10; 160-200 lbs.. $8.85 ft 9.20; 130-160 lbs., $7.50®,9: 90-130 lbs.. $6.75417 25; packing sows, $6.75®7.25. Cat-tle-Receipts, 300. Calves—Receipts. 300; market, steady; calves, steady; beef steers, sl3; low cutter and cutter cows. $4.25® 6.25; vealers, sl6 50017. Sheep—Receipts, 400; market, steady; bulk fat lambs, $16.50; bulk cull lambs, $12®14.50; bulk fat ewe3, $8®9.50.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. March 7—With good cables to work on we will probably see a strong cotton market all day. We see Liverpool says contracts are scarce. The same is true here, especially new crops.

Local Wagon Wheat

Local grain elevators are paying $1.50 for No. 2 red wheat. Other (trades are purchased on their merits. Births George and Clara Beasley, 1010 Harrison. Bruce and Doris Lambert. 2025 Nowland. Joseph and Marguerite Gatto, 3314 E. Michigan. Paul and Ophelia Corbin, 526 S. Holmes McKinley and Hazel Downs, 337 N. Walcott. Charles and Carrie Schuester, 105 N. Elder. Ambrose and Violet Raney, 1020 River. Emanual and Mary Smith. 3831 E. Eleventh. Marcus and Carmen Dunkerson, 518 N. Noble. ■ ..vde and Mary Miller, 440 Division. Oscar and Nannie Williams, 621 'a N. California. Ralph and Opal Abther, 1036 W. Morris. George and Mary Relf. 1756 Holliday. Martin and Dortha Middleton, 1110 E. Vermont. Boys William and Shirley Fenwick, 1603 Broadway. Homer and Roslna McClung, 2504 Columbia. Ira and Ethel Williamson, 635 Warren. Joseph and Nola Haynes, Provident Sanitarium. Walter and Theresa Kowley, 2422 Hover. Charles and Alice Massin'gale, 3612 E. Twenty-Eighth. Logan and Ruth Tinder, 431 S. Ritter. Lester and Lillian Welcher, 1138 Kentucky. George and Helen Rice, 821 Chase. August and Thelma Cummings. 258 N. Lynn. Dudley and Magdaline Storms, 410 W. Twenty-Eighth. Carme and Lizzie Carter. 637 Coffey. Grover and Myrtle Williams, 1411 S. Illinois John and Annie Tharp. 1115 Troy. Clive and Alma Drake, 1614 W. New York.

THE INDIANAPOLIS TIMES

Produce Markets

Butter (wholesale price) No. 1, 51® 53c; No. 2. 49®50c lb. Butterfat (buying price)—4B@49c lb. Cheese (wholesale selling prices, per pound)—American loaf, 35®38c; pimento loaf, 38®)40c; brick loaf, 35®38c; Swiss No. 1. 423 44c; imported Swiss. 52c: Wisconsin flat, mild and sharp. 32®34c: print cream. 390,40 c; flat display. 28®30c: Longhorn.. 28®29c; New York llmberger. 42® 44c. v Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off, 23®34c doz. Poultry (buying price)—Hens. 19®21c: Leghorn hens. 14@loc: springs. No. 1 soft meated, 19021 c; Leghorns, 12®15c; voung springs. 144716 c; roosters. 10ft.}2c; Leghorn stags. 10@12c; capons. 8 lbs. and over. 30 a 31c; 7 to 8 lbs.. 28®29c; 6 to 7 lbs., 25® 26c; under 6 lbs. and ellpg. 34 r33c: ducks. 15017 c; geese. 13® 15c; guineas, old 35c: young 50c. By United Press NEW YORK, March 7.— Flour—Steady and quiet. Pork—Quiet: mess, S3O. Lard —Dull; midwest spot. $11.75011.85. Sugar —Raw. steady: spot 96 test, delivered duty paid. 4.40; refined, dull; granulated, 5.70 ©5.75. Coffee—Rio No. 7, on spot. 17c; Santos No. 4, 23©23%c. Tallow—Firmer; special to extra. 8%®8%c. Hay—Steady: No. 1. $1.10: No. 3.75 ft 85c; clover. 65cft. sl. Dressed poultry—Quiet; turkeys, 30®. 46c; chickens. 18ft 40c; capons, 32047 c: broilers. 25355 c: fowls. 180310: ducks. 16 ft 20c; ducks. Long Island. 20®22c. Live poultry—Steady to firm; geese. 14®23c: ducks. 16® 30c; fowls. 24 026 c; turkeys. 25 ®soc: roosters, 18c; chickens. 23®35c; aepons, 30ft'50c: broilers, 404: 50c. Cheese — Firm; State whole milk, fancy to specials, 29:929%c; young Americas, 29%®30c. Potatoes—Long Island, $2.255 5.90; Jersey, $1 ft 2: southern. $4.5007; State. $3.75:<:9; Maine, $3.75075.15; Bermuda. $3.500 9. Sweet potatoes—Jersey, basket, 75c® 3; southern, basket. $1®2.15. Butter Firmer: receipts, 11.045; creamery extras, 51c; special market. 51%552c. Eggs—lrregular; receipts, 27,079; nearbv white fancy, 35ft36%c: nearbv State whites, 30 @34c: fresh ftrsta. 28%ft29%c; Pacific coasts. 31©37c: western white, 30032 c; nearby brown. 320 34c.

Commission Row

TRICE TO RETAILERS FRUITS Apples—Fancy barrel apples, seasonable varieties. s7®9i fancy basket apples, seasonable varieties, $2.25ft3 25 40 lbs.; choice box apples, seasonable varieties. $3.2504.75. * Grapefruit—Florida. $3.50®5.75. Grapes—California whites. $7 50 keg. Kumquats—Florida. 20c quart. Lemons—California, $6.50® 7.50 crate. Limes—Jamatca. $3 per 100. Oranges—California navels. ss® 7 crate; Florida, $55 6.50 crate. Pears—Washington D'Anjous. $3.50 half box. Strawberries—Florida. 65®70c quart. VEGETABLES Artichokes—California, $1 75 dozen. Asparagus—California, $1 50 doz. Beans—Southern, $6 hamper. Beets— Texas. $3 bu.: home grown. $1.50. Broccoli—Texas, $3.50 bu. Brussels Sprouts—3oc lb Cabbage—Holland seed. 2c lb.; Texas, 4c lb.: red, 4c lb. Carrots—Cal.. $4.75. 5-doz. crate; homegrown. sl. Cauliflower—California. $2 2 50 crate. Celery—California. $7.50 pc ind 10doz. crates: Florida. $3.75 pc. to. Celery Cabbage—s2.2s doz. b hrs. Cucumbers—lndiana hothouse. $2 50®3 for box of 1 doz. Eggplant—H. G.. $24:2.50 doz. Endive—sl.7s doz. bunches. Escarole—Louisiana, $1.25 bushel. Kale—s2.7s barrel. Leek—Sue bunch. Lettuce Arizona, head. $404.23 per crate: hothouse, leaf. SI.BO 15 lbs. Mushrooms— $1.75. 3 lbs. Onions—Spanish. $3.50 crate; Indiana yellow. $4 100-lb. bag; Indiana red. $3.75 cwt. Ovsterplant—4sc doz. bunches. Parsley—6oc doz. bunches; Southern, :5c bunch. Parsnips—sl.so bu. , .... Peas California telephone, $6.50 hamper. Peppers—Florida mangoes. $8 crate. Potatoes--Michigan white. $3.85 150 lbs.; Minnesota Russets. $4. 150 lbs.: Minnesota Red River Ohlos. $3. 120 lbs ; Idahos, $3.25 cwt.: Florida Triumphs. *4, 50 I'os. Radishes—Hothouse, button. 90cft*l. Rutabagas—Canadian. $2.50 per cwt. Rhubarb—Hothouse, 60 0 75c 5 lbs. Shallots—7sc doz. bunches. Spinach -Texas. $1.35 bu. Sweet Potatoes—lndiana Jersey mediums. $2 75 bu.; Indiana Jerseys. $4 bu.; Nancy Hall. $2.25 hamper; Porto Ricans. $2 25 bu. Tomatoes—California, $7.50®9, six-bas-ket crate. MISCELLANEOUS Cider—s4.so, 6-gal case: $6.50 doz. halfgal. Jars. Cocoanuts—s6.so per 100. Garlic—2oc per lb. Ovsters—standards, $2.50 ea!. Sassafras—2sc doz. bunches. SEED STOCK Onions—White sets. $3.75, 2 bu.: yellow or red, $4.75, 1 bu.: Bermuda plants, white or yellow. $4.50 crate of 6.000. Potatoes—Main cobblers, $5. 150 lb : Red River Ohtos, $3. 120 lbs.: Minnesota Triumphs. $3.75. 150 lbs. S veet Potatoes - Selected Indiana Jerseys $3 bu.: Indiana Jerseys. $2.50 bu.

Indianapolis Stocks

—March 7 Bid. Ask Amer Central Life 550 ... Amer Cresoting Cos pfd 104’ ... Belt R R com 68 70 Belt R R pfd 60 •Cent Ind Power Cos pfd 98 Circle Theater Cos com 102‘4 ... Cities Service Cos com 57 3 -4 ... Cities Service Cos pfd 98H ... Citizens Gas Cos com 56‘a 58 Citizens Gas Cos pfd 101 104 Commonwealth Loan Cos pfd.loo ... Equitable Securities Cos com . 45 Hook Drug com 301a ... Indiana Hotel com (Claypoo!) .I*s ... ludiana Hotel pfd 101V* ... Indiana Service Corn pfd 94 Indianapolis Gas com 62 61 Inripls <fc Northwestern pfd.... 40 •Indpls P& L 6 Vs B pfd 105 106 Indpls P & L "s 102 Indpls Pup Wei Ln Ass'n... 47V4 ... Indianapolis St Ry pfd 33 36 Indpls Water Cos pfd 103 ... Indpls Water Wks Sec Cos 105'i ... Interstate P S pr lien pfd ...105 Interstate P S 6s pfd 96 100 North Ind Pub Service pfd...102 103 Progress Laundry com 28',a ... Ranh Fertilizer pfd 50 ... Real Silk pfd T H I <fe E com 1 T H I & E pfd 14 18 •T H Trac and Lt Cos pfd .... 92 Union Trac of Ind com *4 Union Trac of Ind Ist pfd 1 Union Trac of Ind 2d pfd 1* Union Title Cos com 82 Van Camp Pack Cos pfd 10 Van Camp Prod Ist pfd 97 Va 100 Van Camp Prod 2d rfd 100 Honda Belt R R and Stockyards 45.. 92 Broad Ripple 5s 81',4 ... Central Indiana Gas 6s 98 ... Central Indiana Power Cos 65..104 Central Indiana Power pfd.. .. 96',4 Chi S Bend & N Ind 5s 17',4 . Citizens Gos Cos 5s 105 107 Citizens St R R 5s 89*4 92 Gary St Ry 5* 92 Home T & T of Ft. Wayne 65..103 ... Indiana Hotel 5s 101 ... Indiana Northern 3 ... Ind Ry and Lt 5s 98 Ind Service Corp 5s 98 3 i ... Ind Union Trac 5s 4 Indpls Col & South 6s 100 102',a Indpls Gas Cos 5s 102'.'a 105 Indpls & Martinsville 5s 60 ... Indpls Northern 5s 13 Indpls & Northwestern 55... 60 Indpls Power and Lt Cos 55...101 102 Indpls St Ry 4s 67% 69 Indpls Trac and Term 5s 96'/. 9714 Indpls Union Rv 5s 102',4 ... Indpls Water s'/sS 104% ... Indpls Water Ist 5s 100 ... Indpls Water 4',4s 98 ... Indpls Water Wk Sec Cos 65.. 10211 ... Interstate Pub S 6s 104% ... Interstate Pub S Be 6 ! is 105', 3 ... Merchants Public Utilities .....101 ... Northern Ind Pub Serv Cos ss. 101 ... T H I & E 5s 65 T H Trac and Light 5s 95 Union Trac of Ind 6s .13 17 •Ex-dividend. —Liberty BondsLiberty Loan Ist 3'4s 101.40 101.60 Liberty Loan Ist 4'As 102.80 103.10 Liberty Loan 3d 4'.s 100.30 100.44 Liberty Loan 4th 4>As 103.60 103.80 U S Treasury 4‘/4s 115.20 115.50 U S Treasury 4s 110.30 110.54 U S Treasury U S Treasury 314s 100.00 100.20 U S Treasury 3%s 102.80 103.08 Deaths Anna Florence Brown, 57, city hospital, chronic myocarldtis. John Lavery, 94, 1430 Marlow, lobar pneumonia. Henry A. Harmon, 60, 5239 Central, chronic myocardltiß. Frances B. Garrett. 27. 809 E. St. Clair, pulmonary tuberculosis. Isabella M. Hollowell, 70. 904 N. Belmont. chronic bronchial asthma. Cynthia King. 75. 2166 N. Gale, chronic nephritis. Jennie Roach. 42. 1631 Cornell, chronic Interstitial nephritis. John D. Odom. 12. Riley Hospital, acute dilatation of heart. James E. Haught, 1 month, city hospital. marasmus. Archie Bowman. 25, 1710 N. Arsenal, pulmonary tuberculosis. Margaret Ann Morrison, 87, 4210 Carrollton. carcinoma. Orange S. Julian, 59, 4151 Boulevard PI., lobar pneumonia. Myrtle Smartt, 29, 924 Paca, lobar pneumonia. Amanda Clarke. 63, 1843 N. New Jersey, broncho pneumonia. Amanda Bell Kennedy, 48, Methodist Hospital, carcinoma. Clemina M. Hubbard, 76, 619 Hamilton, chronic interstitial nephritis.

CORN ADVANCES EIGHTH CENT IN OPENINGPRICES Wheat Holds Steady; Oats Turns Upward With Yellow Grain. By United Press CHICAGO, March 7.—With indications still pointing to a decrease in country marketings, corn advanced J c at today's opening on the Chicago Board of Trade. Oats opened %to l ic higher Kith corn, but wheat held unchanged. Provisions opened practically unchanged. Corn sentiment is moderately bullish. While bdlt weather is still generally cold and clear, country reports indicated that the movement will slow up before the end of this week. Most traders look for a steady upturn. Chicago Grain Table —March 7 WHEAT— Prev. High. Low. 12:00. close. Mar 1.37% 1.37 1.37% 1 36% Mav 1.38% 137 138 1.37% Julv 136% 1.35% 1.36% 1.35% CORN— Mar 95% .94% .95% .95 May .98% .97% 98% 98% Julv 1.01 1.00% 1.01 1.00% OATS— Mar 57% 57 .57 Mav 57% .57% .57% .57% July 53'/. 53% .53% RYEMar 1.17 Mav 1.17 1.16% 1.17 1.16% Julv 1.10% 1.10% 1.10% 1.11 LARD— Mar 11.50 . .... 11.47 11.52 May 11.80 11.78 11 80 11.80 July 12 07 12.02 12.07 12 10 Sept 12.30 12.30 12.32 RIBS Mav 11.45 July 11.70 By Times Ppcclnl CHICAGO. March 7.—Carlots: Wheat. 26: corn. 304: oats. 70; rye. 2. ±

An American Institution

4800

THE CITY IN BRIEF

THURSDAY EVENTS Indiana Republican Editorial Association meeting. Columbia Club, all day. Caravan Club luncheon, Murat Temple. Advertising Club luncheon, SpinkArrns. American Business Club luncheon, Columbia Club. Loyal Knights of the Round Table luncheon. Lincoln. Engineering Club luncheon. Board of * Trade. Retail Credit Men's Association luncheon, Chamber of Commerce. Sigma Chl luncheon. Chamber of Commerce. Sigma Nu luncheon. Board of Trade. Indiana Section, Society of Locomotive Engineers, dinner and meeting. Severln, 6:30 p. m. Dr. Clarence A. Barbour, president of Rochester Theologcal Seminary and pastor of the Lake A veftue Baptist Church, Rochester, N. Y., will speak at the closing session of the fifty annual midwinter’s night college at the First Baptist Church at 7:30 p. m. Thursday. His subject will be “Bunyan, the Man Who Lived His Dream.’’ John Paver of Chicago, manager of the Outdoor Advertising Association of America spoke to the Indiana Outdoor Advertising Association of America, Tuesday, at the Severin. He stressed cooperation of the State group in the five year advertising campaign. Chrles Edwin Berov, 11, son of County Presicutor William H. Remy, was convalescing today at his home, Fifthy-Fourth and Meridian Sto, after suffering a broken arm Monday. E. M. Claypool of Chicago, representative of the Kimberly Clark Company, will speak on “Rotogravure. an Advertising Medium,’’ at the Advertising Club luncheon at the Spink Arms Thursday. Monthly meeting of the court of honor of the Indianapolis Boy Scout council will be held tonight in the Cropsey room at the Indianapolis Public Library. Awards will be made by Irving Williams, who will preside. f

RUMOR GIGANTIC RAILJOMBINE Reported Merger Involves $600,000,000. Bn United Press CHICAGO, March 7.—Rumors of a proposed merger of six railway equipment manufacturing corporations, involving $600,000,000, persisted here today, despite denials by officers of the concerns mentioned in the rumor. It was reported Arthur W. Cutten of Chicago and the Fisher Brothers Company of Detroit, stock market operators, had proposed to use the large amount of stock which they hold in the Baldwin Locomotive Corporation, Westinghouse Electric Company and Westinghouse Airbrake Company as a foundation for a large holding company. Otlier corporations mentioned in the rumored merger were the American Steel Foundries, American Rolling Mill and the Standard Steel Car Company. Cutten refused to make any definite statement about the reports. “I believe there is something to it,” he said, “but I can't say anything about it.” Samuel Vauclain. president of the Baldwin Locomotive Works, denied knowledge of the proposed merger.

In the Sugar Market

(By Thomson & McKinnon' NEW YORK. March 7.—Apparently well I founded reports that the shorts in March sugar affected a settlement on the basis of 2.78 Tuesday has removed some of the tension in the sugar market. The steadiness of the distant options in the face of a sudden break in the Marcn was rc- I garded as a distinctly encouraging sign. Refiners have bought considerable quantl- ! ties of actuals and as yet there is nothing to indicate that this buying movement has been completed ar.d we therefore continue to favor the constructive side ol the futures market.

The Standard Oil Company (Indiana) is a thoroughly American institution—American in its methods, American in its ideals and in its practical way of carrying them out. It has been said that; “Our individualism (in America) differs from all others because it embraces these great ideals: that while we build our society upon the attainment of the individual, we shall safeguard to every individual an equality of opportunity to take that position in the community to which his intelligence, character, ability, and ambition entitle him; that we keep the social solution free from frozen strata ai classes; that we shall stimulate effort of each individual to achievement; that through an enlarging sense of responsibility and understanding we shall assist him to this attainment; while he in turn must stand up to the emery wheel of competition.” All individuals in the Standard Oil Company (Indiana) have equal opportunities. Effort is stimulated and effort encouraged among all employes of the Company by the knowledge that each individual may achieve the position “to which his intelligence, character, ability and ambition entitle him.” No man is hindered by an insignificant beginning. No man is helped by power or place his father may have won. Positions in this Company are open to the men best qualified to fill them. Promotion is gained in only one way —it must be earned. The Standard Oil Company (Indiana) has shown an “enlarging sense of responsibility and understanding” in assisting each individual to his highest attainment. Numerous measures have been instituted for the benefit of employes. Through the Industrial Relations Plan, employes have a voice in regulating their affairs. They are provided for in old age by the Annuity Plan. The Death Benefits give further assistance in time of need. Employes are aided in achieving financial security by means of a Stock Purchasing Plan which allows them to purchase Company stock on generous terms. 16,267 men and women are now purchasing stock under this Plan. \ In providing equality of opportunity for thousands of men and women—in maintaining a warm spirit of friendliness and mutual helpfulness throughout its organization—the Standard Oil Company (Indiana) is expressing American ideals in the large terms of a large business. Standard Oil Company (Indiana) General Office: Standard Oil Building 910 So. Michigan Ave., Chicago, ID.

MARCH 7, 1928

Glasses For N r y Kyigji I r mr 1 * 18 133 N - Penn.

RAG RUGS 1 Popular Hit and nn Miss Patterns wC Each ECONOMY RUG CO. | S£2 213 Eaftt Washington Si. ■■

REPLACEMENT PARTS KITCHEN KOOK NEW PERFECTION PURITAN FLORENCE Also Wicks for Various Makes of Oil Stoves. VOHHEGUT'S , &■&„.

3-Pc. Bed Outfit Woodtone Bed, com- C "fl C A sortable Spring and V B h*"" Cotton Mattress, complete West Side F COMPANY E 438 WEST WASHINGTON ST.

fOSKINI * Clothing on Credtr 131 W.WASHINGTON ST

DOG FEED \ Champion ■] • Miller's A-1 2 M Thorobred V Old Trusty Everitt’s Seed Store 227 IV. Wash. St. B N. Ala. St

TRY A WANT AD IN THE TIMES, THEY WILL BRING RESULTS.