Indianapolis Times, Volume 39, Number 271, Indianapolis, Marion County, 9 March 1928 — Page 25

MARCH 9, 1928.

GENERAL MOTOR STOCK REACHES IS3,HIGH MARK Stocks Soar „as Wall Street Recovers From Brokerage Loan Surprise.

Average Stock Prices

Average of twenty industrials Thursday was 198.26, up .78. Average of twenty rails was 135.27, off .03. Average of forty bonds was 99.11, up .09. B,y United Press NEW YORK, March 9.—General Motors, in a burst of activity soared to new high ground above 153, the outstanding feature of a sharply higher stock market in today’s early trading. Wall Street was literally taken off its feet by the decline of $28,125,000 in the brokerage loan account for the week ended March 7, and buying orders came in hordes over night. U. S. Steel soared to 144, up 2-is and held around that level. Radio Corporation opened at par and then spurted to 101%, up 3% points. American Power and Light rose to 75, up 2; Commercial Solvents to 178, up 5%; Hudson Motors, to 92. up 2%; Dupont to 345, up 3%, and American Can to 82, up 1%. Sinclair at New High Sinclair Oil made anew high record at 22Vi, up following rumors of a merger with Marland. The latter stock gamed 1% to 36*4. Describing the market, the Wall Street Journal's financial review today said: “Wall Street was pleased over the reduction of $26,125,000 in brokerage loans reported for the week ended March 7, as this was a period of rising prices. It was concluded that the buying was better than the selling. “The liquidation reflected in the Tower collateral borrowings evidently was absorbed by people well able to take up their commitments or to deposit substantial margins. This indication of the improved technical position in the general list was reflected in sharp advances in principal trading stocks at the opening.’’ • Impressive strength in General Motors stimulated the whole market and bullish demonstrations went ahead throughout the industrial list around noon. American Can Up American Can reflected important action which has been in progress for several weeks, rising to anew high since the six for ono splitup two years ago. . Hudson reached its best price for some years while Radio Corporation ran up sharply. Recently strengthening in Utilities Power and Light has been accompanied by reports that the company would enter a large merger in the power field. Some selling, however, came into the stock from Chicago when the management took occasion to issue a denial. Rumors that Utilities Power and Light is being acquired by any other company is absolutely false,” said President H. L. Clark of the company. “Utilities Power and Light directors have no intention whatever of selling control or combining the company with any other.” Move at Rapid Pace With five stocks accounting for one-third of the day’s transactionindications were that the 3,000,000 mark would be exceeded in sales today. General Motors w r as the bulk of the market, turning over at a tremendous rate and selling at anew high record for all time at 157, up 6Vj points from Thursday’s close. Sales of General Motors to 1 p. m. amounted to 265.000 shares; Radio. 197,600; Hudson Motors. 131.200; United States Steel, 68.000; American Can. 1)3,000. The total of these five reached 671,100, or about one-third of the sales of the entire market up to 1 p. m. During this period 2,161,800 shares turned over or at the rate of 3,633,000 for a full five-hour day. G. M. C. at All-Time Record l!n ’’nited Press NEW YORK. March 9.—General Motors made another spurt in today’s trading on the stock market. The first sale was at 152, up 1' j and this gain was expanded at 11:30 a. m. to 15614 anew record for all time. United States Steel’s initial sale was at 144, up 2% from Thursday’s last price. This issue declined later to 142% and then recovered partially. Oils, motors and special issues were exceptionally strong and the entire list was carried higher.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $3,192,000. Debits were $5,800,000. FOREIGN E&CHAXGE P, ■ 1 Hi ted Press NEW YORK. March 9.—Foreign exchange opened irregular. Demand sterling $4.87%, off .00 1-32: francs 3.93V 4 c, up .00'a: Belga. 13.93 c; lira 5.28',ic. off .00%; marks 2Jeß'/2C, off .01. TREASURY STATEMENT P,n United Press . WASHINGTON, March 9.—The treasury r.et balance for March 7. was $04,784.237.45. Custom receipts this month to March 7. Were $9,994,476.76. FAIL TO BAN TIPPING Sleeping; Car Porters Lose Fight Before U. S. Commission. By United Press WASHINGTON, March 9.—Efforts of the Brotherhood of Sleeping Car Porters to outlaw tipping failed today when the Interstate Commerce Commission dismissed a complaint against the Pullman Company The brotherhood had filed the complaint in an effort to substitute increased wages for tips. The complaint charged tipping violated the Interstate Commerce act, but it was dismissed on the ground of lack of jurisdiction Killed In Stairway Fall II u f'nitrd I'ichs WARSAW, Ind„ March 9 Stricken suddenly ill a t the top of a stairway at his home today, Jacob Mon tel, 70, plunged to his death over a banister. He fell approximately fifteen feet, receiving a broken neck. J

New York Stocks (By Thomson tc UcKlnnon)

—March 9 Railroads— Prev. High. Low. 12:00. close. Atchison 183% 183 183% 183 Atl Coast Line. 17114 ... 17114 171 Balt ft 0hi0... 11l ... 110 3 / 110% Canadian Pac.. 208% ... 208% 208 Chesa ft Ohio.. 189 ... 189 187% Chi ft Alton 6% Chi & N West . 80% ... 80% 80% Chi Grt West... 10% ... 10% 10% C R I & P 109% ... 109% 10914 Del & Hudson 166 Del & Lacka... 134% ... 134 13411 Erie 523. Erie Ist pfd ... 55% ... 55% 55% Grt Nor pfd 95 ... 95 94% 111 Central 135% ... 135% 135% Lehigh Valley .. 86% 86% 86% 86% Kan City South. 53% ... 53% 52% Lou & Nash ... 145% ... 145% 147 MK & T 35% ... 35% 35% Mo Pac Dfd ... 107% 107% 107% N V Centra! 162% 161% 16214 161% N Y C & St L 128% N Y N H & H.. 61% ... 61 61%’ Nor Paciffc 94% ... 94% 94% Norfolk & West . . . 182 Pere Marquette 131 Pennsylvania .. . 06% C 6% 66% 66% P&W Va 1251a ... 125% 1241% Reading ...: 973* Southern Ry . . . 143 .. 143 142% Southern Pac .. 119 % . 119% 119% St Paul 23% 23% 23% 23% St Paul pfd .... 40 ... 39% 39% St L S W ! 72% St L S P 114% 113% 114% 11314 Texas ft Pac 115% Union Pacific .. 191% ... 191% 19134 West Maryland.. 31 ... 31 39 * Wabash 61% ... 61% 60% Rubbers— AJax 10 ... 9% 41% Fisk 14% ... 14% 14% Goodrich 81% ... 80% 81 Goodyear 56% ... 55% 55% Kelly Spgfld ... 20% .. 20% 20% Lee 18% United States .. 44 42% 42% 43 Equipments— Am Car ft Pdy. 105 ... 105 104% Am Locomotive 11l Am Steel Pd ... 62% 62% 62% 62 Baldwin Loco 256 General Elec .. 132% 131% 132% U 1 Gen Ry Signal.. 99 ... 98 98 Lima Loco ... ... 54% N Y Air Brake. 44% 44% 44% Pressed Stl Car. 26 26 20 26 Pullman 82% 82% 82% 82% Westiugh Ai B . 53% 52% 53% 52% Westingh Elec .. 96% 9j h Uj-% 93-/4 Steels— Bethlehem 58% 57% 58% 57% Colorado Fuel... 72% 71% 74% 70% Crucible 88% ... 86% 86 Gulf States Stl.. 54 ... 54 54 Inland Steel ... 51% ... 51% 50% Phil R C & I . . 30% ... 29% 20% Rep Iron ft Stl.. 60% ... 60% 60 Sloss-Sheff 128%. U S Steel 144 142% 144 141% Alloy 30% Youngstown Stl.. 87% . 87% 87% Vanadium Coro 81% 80% 80% 79 Motors— Am Bosch Mag.. 19% ... 19% 19% Chrysler Corp.. 61% 60% 61% 60% Conti Motors .. 10% 10% 10% 10% Dodge Bros ... 18% ... 18% 18% Gabriel Snbbrs.. 18% ... 18% 18% General M0t0r5..156% 152 155% 150% Hudson 92% 91% 92 89% Hupp 41% 41 41% 40% Jordan 12 . . 12 12 Mack Trucks ... 95% 94% 94% 93% Moon 6% .. . 6% 6% Motor Wheel .. 30% ... 30% 30 Nash 87-% 86% 87% 86% Packard 65% 64% 65 64 Peerless 21% ... 21% ... Pierce Arrow 18% Studebaker Cor. G 4 63% 83% 63% Stew Warner... 84% ... 84% 83%. Stromberg Carb 84% 84% £4% Timken Bear.. 117% 116% 117 115% Willys-Overland. 21% . . 21 20% Yellow Coach.. 30% 30 30 30 White Motor... 33Va ... 32% 32% Mining— Am Smlt ft Rfg.l73 172% 173 172 Anaconda Cop.. 55% 55% 55% 55 Calumet ft Ariz. 96 ... 95% 95 Cerro de Pasco.. 62% . . 62% 62% Chile Copper . .. 38% 37% 38% 38% Greene Can-Cop 133 ... 131% 130% Inspiration Cop 18% ... 18% 18% Int Nickel 84% ... 82% 81 3 1 Kennecott Cop.. 81% ... 81% 81 Magma Cop .... e 6% ... as 453^ Miami Copper.. 18% . 18% 18 Tfcxas Gulf Sul.. 73 72% 72% 71% U S Smelt 41 . . 41 40 oilAtlantic. P.fg 109 107% 103% 107% Cal Petrol 26%, 28% 26% 26 Freeport-T-xas.. 80% 79 79% 78% Houston Oil -...139% . . 1.78 136% Indp Oil ft Gas 26% 26 26% 26 Marland Oil ... 38% 35 36% 35% Mia-Cont Petrol 28% . . 28 27 Lago Oil ft Tr 32', ... 32% 31% Pan-Am Pet 8.. 43V, . 43 431,; Phillips Petrol. 39% 39% 39% 39% D ro ft Pfgrs. .. . 20-1 ... 20% 20 Union of Cal... 49% 48 49 471; Pure Oil 27% ... 22 22 Royal Dutch . . 45% ~ . 457; 4537 Shell 25% . . 25% 25% Simms Petrol... 31% . 21 21% Sinclair Oil ... 22', 22% '27% 2! 3 , Skelly Oil 27 26% 27 26% Std Oil Cal... 56 55% 56 55% Std Oil N J .... 39% . . 391', 39 Std Oil N Y 30% 30i„ 30 Texas Corp 52% 52*4 52% 52% Transcontl 8% 8% ,8% 8% Industrials— Ariv Rumely ... ... 131.4 APIs Chalmers ..120 . . 126 37% Allied Chemical. 151%, ~ 151% 150% Armour A 1414 Amer Can 82 31% 81% 80% Am H L pfd..., 57% Am Linseed ... 76% . . 76 74 Am Safety Raz. . 62 61% 62 61% Am Ice 32 ... 32 32% Am Wool 22% .. . 227* 22% Cent Leather 59 Coca Cola !37 136% 137 137 Conti Can . .92 90 91% 89% Certainteed 58% con®o%um .... 21% 24% 24% 24% Daviton Chem.. ... ... 37'', -' • 31 s 13,4.14 Famous Players.l2o 119% 119% 119% -P -1 0 < 80 80% 78% Tot Bus Mh ..131% .. 13'% 130% T -t r ’m Eng... *-3 a% 48 47 fnt Paper ... . 75% 71 7’% 7j.% T nt nr-vester .24' '. 211 2*1% 239 Lambert per, o, i . ’ news . : Cl% 61 61% 60 VMav Stores 31 Mo'itgom Ward.l3'.', isa% 135 J 39% Nall C r 50 49% 50 .60 ~ Pittsburgh Coal ... -*3% Owens Bottle .. R'% 83% 84% 83 Radio corp ....101% 99% 100 96'4 Real Silk ... .. 26 Rem Band . .. 28% ... 28% 28 .Sears Roebuck.. 87', . 87 86% Union Carbide ..143% 143% 142% Univ Pipe 24% ... 24% 24% U S Cs Ir Pipe. .202 198 202 200 U S Indus Alco. .114% ... 1141:. 113% Wonlwnrth Cos.. 183 182'% 183 * 181% Utilities— Am Tel & Tel. .180% ... 180% 180 Am Express 180 Am Wat Wks.. 55 54% 55 54' "- Brklyn-Mann T. 64% 63% 64 64 Col Gft E 90% 90% 90% 90% .Consol Gas ....136 134% 135% 134% : Elec Pow & 1,t.. 38% 37% 37% 37% I 'nterboro 36% ... 36 37 Nor Am Cos 61% 61% 61% g]i/ 4 Peonies Gas 171’i 170% 171 171 Phila Cos ... 47 Std Gas ft El 62% ... fl?% 62% Utilities Power.. 33% 33% 33% 34 West Union Tel 169% Shinning— Am Inti Corp.. 78 ... 73 76% Am Ship ft Com 4% ... 4% 4% Atl Gulf ft W 1.. 445, ... 4414 431!. Inti Mer M pfd.. 33% ... 33% 33% ! United Fruit ..138% ... 133% 133 Foods— Am Sug Rfg.,.. 60% ... 60% 60 Austin Nichols .... ... . 5 Beechnut Pkg .. 80 ... 79% 79% California Pkg .. 73 s '* 73% 73% 73% Corn Products .. 72% 72 72% 71% Cuba Cane Su p 28% ... 26% 26‘A Cuban Am Sug.. .. ... ... 20 " Feisehmann Cos.. 70% 70 70% 70 Jewel Tea 82 3 1 . . 82% 83% Jones Bros Tea 32% Natl Biscuit 169 Punta Alegre 30% Postum Cos 122% 122- 122% 121% Ward Baking <B) .. . ... 27% Tobaccos— Am Sumatra .. 51% 51 51% 50V> Am Tobacco ...170% 170 170 169% Am Tob IB) 171% . . 171% 170*% Con Cigars 87% .. 87% 87 General Cigars.. 71% ... 70% 71% Lig & Myers 110% Lorillard 42%, 41 s * 42% 42 R J Reynolds .145 144% 145 144% Tob Products B 109% ... 109 - 109'-. United Cigar St 3]% Schulte Ret Strs 52 ... 52 51%

Local Wagon Wheat

Local grain elevators are paying $1 51 tor No. 2 red wheat. Other grades are purchased on their merits. . Former Jugo-Slav Bill By United Press WASHINGTON. March 9.—The $68,000,000 Jugo-Slavian debt settlement was reported favorably to the Senate today by the Finance Committee. The bill was killed in the filibuster at the close of the last session of Congress. U. S. Girl Ready to Wed Rajah Bp United Press LONDON, March 9.—Miss Nancy Miller, the American girl, who soon will marry the former Mahrajah of Inore, is expected to arrive at Nasik Sunday of the Daily Mail said. The conversion rites will be Tuesday. Other Livestock /V/ United Press FT. WAYNE. March 9.—Hogs—Receipts, 800; market, steady to 15 cents lower; 90110 lbs., $6.25; 110-120 lbs.. $6.75; 120130 lbs., $7; 130-150 lbs.. $7 50; 150-160 lbs., $8: 160-180 lbs.. $8.50; 180-200 lbs.. $3.60: 200-225 lbs.. $8.40: 225-275 lbs., *8.15; 275-325 lbs.. $8; 325 lbs. upw’ard $7.85; roughs. $64/6.50: stags. $4®4.50. CattleReceipts, 175 Calves— Receipts, 75; market, $15.50 down. Sheep—Receipts, 200; market, lambs, $14.50 down.

PORKERS STILL WEAK IN MART; DOWNS CENTS Top Unchanged at $8.65: Other Livestock Generally Steady. Mar. Bulk. Top. Receipts. 2. 8.25®; 8.80 8.80 6.500 3. 8.25® 8.65 8.65 4,000 5. 8.25® 8.00 8.80 3.000 6. 8.40® 3.70 8.75 6.000 7. 8.25® 8.70 8.75 9,500 -1. 8.25® 8.65 8.65 7,000 0. 8.25@ 8.,65 8.65 6.500 Hogs were steady to 5 cents lower on the local livestock market today with 6.500 animals in the pens. There were 439 holdovers. The top was unchanged at $8.65 and most material sold in the bulk at $8.25 and up. Other livestock was little changed. The Chicago market opened slow around steady with Thursdays close. Around sß.2s'h 8.30 was paid for material in the 180-210-pound class as the high. Receipts numbered 38,000 and there were 12,000 held over. Most Weights Unchanged Material in the heavy meat class, 250-350 pounds, sold at unchanged prices, $8*18.50. The 5 cents drop came in the 200-250-pound class which sold at lower on the top. Others were steady; lights. IGO-200 pounds, bringing $8.254?8.65; 130-160 pounds. and pigs and packing sows, $6.25® 7.50. The cattle market was generally steady, althougn beef steers sank slightly, selling at $10.50® 13.50. Cows were unchanged at $7 @lO 25; low cutter and cutter cows, $5.50® 6.75. and bulk stock and feeder steers, $7.50® 9.50. Receipts numbered about 600. Others Steady The calf market was the same as Thursday, even in the number received, which was 800. The best brought $15.50® 16.50 and heavy calves went at $6.50® 10.50. Sheep and lambs were steady with 300 in the pens. The top was quotable at $16.50 and bulk fat lambs sold at sl4® 15.50. Bulk culls brought $7.50*/'11.50 and bulk fat ewes, $6.50® 9.50. —Hogs— Receipts. 6,500; market, steady to lower. 250-350 lbs sß.oo® 8.50 200-250 lbs 8.40® 8.00 160-200 lbs 8.254/ 8 65 130-160 lbs 7.30® 8.25 90-130 lbs 6.23® 7.50 Packing sows 6.25® 7.50 —Cattle— Receipts, COO: market, steady. Beef steers $10,504* 13.50 Beef cows 7.00® 10.25 Low cutters and cutter cows . . 5.50® 6.75 Bulk stacker and feeder steers 7 504 P 9.50 —Calves— Receipts. 800; market, steady. Best vealers $15.501,16.50 Heavy calves 6.50® 10.50 —Sheep and I.ambs— Receipts. 300; market, steady. Top fat lambs $16.25 Bulk fat lambs 14.00® 15.50 Bulk cull lambs 7.50® 11.50 Fat ewes 6.50® 9.50 Other Livestock Pei United Press CHICAGO. March 9—Cattle—Receipts. 2.000: general trade, largely nominal, about steady: lower grades, all classes predominating; most fat steers. sl3 down to 5t1.50; good action on springing of light heifers: most fat cows. s7'/,8.50: few. $9; low cutters. $5.504,5.65; not enough bulls here ttf'make a market: undertone dull, trade very weak; light vealers. $13®15.50: few, sl4: choice kinds with weight up to sls. Sheep—Receipts. 6.000: fat lambs, fairly active: bunk, 15® 25c higher on paper: actually, 10% 15c ut>. quality and lighter weights considered; handy weights with finish absent: good to choice, medium weights. sl6 15; bulk wooled lambs, $15.75 ® 16: 90-95 lbs, Colorados, sls 75® 15.85; sheep and feeding and shearing lambs, scarce and strong: good fat ewes. $94, 9.25: few medium to good feeding lambs, $14.25® 14.50: common kinds around. $13.50. Hogs—(Soft or oily hogs and roasting pigs excluded!—Receipts. 38.000; market, mostly steady with Thursday's best: heavyweight. 250-350 lbs., medium *to choice. $7.75® 8.20; medium weight. 200250 lbs., medium to choice. $84,8.40; light weight. 160-200 lbs., common to choice, $7,754/3.40. light lights. 130-160 lbs., common to choice. $6.60® 9.40: packing sows, smooth and rough. $6,75®7.50: slaughter pigs. 90-130 lbs., medium to choice. $6.10® 7.35. Slauaghter cattle and calves—Steers, 1500 lbs. up. good and choicp. sl4 25® 16 25; steers. slo® 15; choice. $14.754116; good. $13.50® 15.50; steers. 1100 lbs. down, choice $14.50®15.25; good. $13®14.75; medium. sll® 13.50; common, $8.75® 11: light yearling steers and heifers, good and choice. 850 lbs. down. sl2 754/ 15; heifers, good and choice. 850 lbs. up. $9.7541)13.25; common and medium, all weights. $8.25® 11.75; cows, good and choice. $8 25®. 11,50; common and medium. $6,354* 8.25; low cutter and cutter. $5.50® 6.35; calves medium to choce, $94111; vealers, cull to choice, sß® 15.50; feeder and stock cattle, steers comomn to choice, $8.254412.50. Slaughter sheep and lambs—Lambs, light and handy weight. 92 lbs. down, medium to choicp. $14.254116.50; cull and common, all weights. $12,254,14.25: ewes, medium to choice, $7.25® 9.75: ewes, cull and common. $34,7.65. Feeding lambs—ißange stock): Feeding lambs, medium to choice. $13,804, 15.50.

By Times Special LOUISVILLE. March 9.—Hogs—Receipts, 1.300; market steady; 250 lbs. up. $8: 175 to 250 lbs.. $8.50: 130 to 175 lbs.. $7.45; 90 to 130 lbs.. $5.40: 90 lbs. down. $4.90; roughs. $6.10: stags. $5.50. Cattle Receipts. 100; market steady; calves, receipts. 200; market steady; good to choice, sll4/ 13; medium to good, $94111; outs, *9 down. Sheep—Receipts. 50; market steady.-* top lambs. $13,504/ 14; seconds. $8(011; sheeD, $5.50®7.50. Thursday's shipments: Cattle. 56; calves none; hogs. 149; sheep none. By’t United Press CLEVELAND. March 9.—Hovs—Receipts. 1.600: market, steady: 250-350 lbs.. $8.35 4/8.60: 200-250 lbs., $8.60®3.85: 160-200 lbs. $8.75418.85: 130-160 lbs.. S7(O 8.85: 90130 lbs.. $6,754/7: nsekiff" sows $6,504/ 6.75. Cottle—Receipts. 100: calves, receipts. 200 Vi market,, cattle slow. siea/> -/■ beef steers. $lO4/11.50: beef steers, $lO 4/11.50: beef cows. 56.754i8.50- low cutter and cutter rows. $4.75416: vealers. *144717. Sheep—Receints. 1,000- market, 25c up; ton fr.t lambs. $16.75: bulk fat lambs, $16,504/' 16.75: bulk cull lambs, [email protected]; bulk fat ewes, $7(0:9. By United Press PITTSBURGH. March 9.—Hogs—Receipts. 1.000; market, steadv: 250-350 lbs.. $8.4047 8.90: 200-250 lbs.. $8.75®9: 160-200 lbs., $8.90419: 130-160 lbs.. $8.25®9: 90-130 lbs.. $6,754/8; packing sows, $6,754/ 7.50 Cattle —Receipts. 25: calvesc. receipts, 60; market. steadv to s'ow: beef steers. $1,504/ 13 05: vealers. *154/'l6. Sheep—Receipts. 200; market, strong to shade higher; top fat lambs. $16.75- bulk fat lambs. sl6(f/. 16.50: bulk cull lambs. sll@l4. By United Press TOLEDO. March 9.—Hogs—Pecelofs 500market. stead' - to 10c up: heavies. $84i!8.25; mediums. $8,304/ 8 50- Yorkers $8‘*04i8.65; •mod pigs. $6,354/6.75. Cattle —Receipts, light; market, slow; calves, receipts, light; market, steadv. Sheep and lambc Receipts, light; market, steady. Ry Untied Press CINCINNATI. March 9.—Hogs—Receipts, 3.000: holdovers. 1.929: market steadv: 250350 lbs.. $8.15(8 8.65: 200-250 lbs.. $8.50(8 8 75; 160-200 lbs.. $3.25478.75: 130-160 lbs., $7.255'8.35: 90-130 lbs., $5.75417.35; packing osws. $6.25417. Cattle—Receipts. 250; calves, receipts 500: market, top veals 50c up; beef steers. slo® 12.50: light yearling steers and heifers. $9.50(811.75; beef cows. $789: low cutter and cutter cows. ss® 6 25; vealers. $9815: heavy calves. $947 12: bulk stock and feeder sters. $lO4/11. Sheep—Receipts. 75: market steadv: top fa* lambs. sl6: bulk fat lambs. $134/ 15.50b"ik cull lambs, s9® 11; bulk fat ewes. $5 87. Pet United Press EAST 4BUFFALO. March 9.—Hogs—Receipts. 3.200: holdovers 1.534: market steady: 250-350 lbs.. $8,354/ 8.85; 200-250 lbs., $8.2589: 160-200 lbs.. $8.85479.10: 130160 lbs., $7,504/8.90- 90-130 lbs.. $787.50; packing sows. $6.75/77.50. Cattle—Receipts, 50: calves, receipts 800: market steady, calves steady; vealers. *16.50817. SheepReceipts, 1,500: market 25c up: bulk fat lambs, $16.50® 16.75; bulk cull lambs, $H.50@15; bulk fat ewes, $8®;9.50.

THE INDIANAPOLIS TIMES

Commission Row

PRICE TO RETAILERS FRUITS Apples—Fancy barrel apples, seasonable varieties, S7®9; fancy basket apples, seasonable varieties. $2.254,3.25 40 lbs.: choice box apples, seasonable varieties. [email protected]. Grapefruit—Florida. [email protected]. Grapes—California whites. $7.50 keg. Kumquats—Florida. 20c quart. Lemons—California, $64*6.50 crate. Limes —Jamaica. $3 per 100. Oranges—California navels. ss@7 crate; Florida, $54*6.50 crate. Pears—Washington D’Anjous, $3.50 half box. Strawberries —Florida. 604*65c quart. VEGETABLES Artichokes—California. $1.75 dozen. Asparagus—California. $1.50 doz. Beans —Southern, S6 hamper. Beets—Texas, $3 bu.: home grown. 51.50. 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; homesrrown. sl. Cauliflower—California. $2.2502.50 crate. Celery—California. $7.50 per 8. 9 and 10doz. crates; Florida. 53.75 per crate. Celery Cabbage—s2.2s doz. bunches. Cucumbers—lndiana hothouse. $2.50413 for box of 1 doz. J Eggplant—H. C-. $24*2.50 doz. Endive —$1.75 doz bunches. Escarole —Louisiana. $1.25 bushel. Kale—s2.7s barrel. Leek—soc bunch. . Lettuce Arizona, head. s4® 4.2a per crate: hothous*. leaf, SI.BO 15 lbs. Mushrooms —$1.75. 3 lbs. Mustard—Southern. $2.75 bu. Onions—Spanish. 53.50 crate; Indiana yellow. $4 100-Ib. bag: Indiana red. $3.75 cwt. Ovsterplant—4sc noz. bunches. Parsley—€oc doz. bunches: Southern. 75c bunch. Parsnips— $1.50 bu. Peas California telephone. $6.50 hamper. Peppers—Florida mangoes. *5 crate Potatoes—Michigan v-hitc, $4. . 150 lbs ; Minnesota Russets. $!. 150 lbs : Minnesota Red River Ohios. $3. 120 lbs.; Tdahos. 53.25 cwt.; Florida Triumphs. $4. 50 lbs. Radishes—Hothouse, button. 90c® sl. Rutabagas—Canadian. $2 50 per cwt. Rhubarb—Hothouse. 60 a 75c 5 lbs. Shallots—7sc doz. bunches. Spinach—Texas, $1.35 bu. Sweet Potatoes—lndiana Jersey mediums. $2 75 bu.: Indiana Jersey3. $4 bu.; Nancy Hall. $2.25 hamper: Porto Ricans. $2 25 bu. Tomatoes—California. $7.004,9. six-bas-ket crate. MISCELLANEOUS Cider—s4.so, 6-gal case: $6.50 doz halfgal. Jars. Cocoanuts—s6 50 per 100. Garlic—2oc per lb. oysters—Standards. $2.50 rI. Sassafras—2sc doz. bunches. SEED STOCK Onions - White sets. $5.75. 2 bu.: yellow or red. $4.75. 2 bu.: Bermuda plants, white or yellow. $4.50 crate of 6.0C0. Potatoes—Main cobblers. $5. 150 lbs.: Red River Ohios. $3. 120 lbs.; Minnesota Triumphs. $3.75, 150 lbs. Sweet Potatoes—Selected Indiana Jerseys. $3 bu.: Indiana Jersevs. $2.50 bu.

ORGANIZE mm FIRM Harry W. Ruby, New York, Heads Local House. Ruby & Cos., with offices in the Guaranty Bldg., has been organized under the Indiana law for the purpose of engaging in a general securities business. The nature of the business will differ from that of the average securities house in that Ruby & Cos. will deal in all types and kinds of stocks and bonds appearing on the market. The sales organization will cover the entire Slate. Harry W. Ruby, president of the new company, is formerly of Munds & Winslow, members of the New York Stock Exchange. He has also served as general manager of the house of Claude Meeker of Columbus and New York, and district manager of Henry L. Doherty & Cos., New York. William P. Anderson, 111, formerly of the Globe-Wernicke Company of Cincinnati, is vice president.

Produce Markets

Butter i wholesale price) No. 1. 52'S' 53c: No. 2. 50® 51c lb. Buttcrfat (buyinp; price)- 48®49c lb. Cheese (wholesale seilinq prices, p-r poundi—American loaf, 35®38c: pimento loaf. 38®40c: brick loaf. 35%38c; Swiss No. 1. 42® 44c- importe-i Swiss. 52c: Wisconsin fiat, mild and sharp, 32 / 34c; print cream. 39®40c; flat display, 28® 30c; Lono;horn.. 28®29c: New York limbercer. 42 'u> 44c. Exgs—Buvinsr prices: Fresh, delivered at Indianapolis, loss off. 22® 23c doz. Poultry (buying pricei Hens. 19®20c: Leghorn liens. 14® 15c sprintrs. No. 1 soft moated. 18®20c Leghorns. 12® 14c: voting springs, 14® 15c; roosters. 10 312 c: Leghorn stags. io®l2c: capons. 8 lbs. and over. 30® 31c; 7 to 8 lb.. 28® 29c: 6 to 7 lbs.. 25®26c: under 6 lbs. and h'ips. 22 41230: ducks. 15® 17c: eccse. 13® 15c: guineas, old 35c: young 30c. Pei United Press CLEVELAND. March 9. Butter Extra In tub lots. 51' v/53' c: firsts. 48' , 50'. ( c: seconds, 44%® 46%c; packing stock. 30® 32c. Eggs Extras. 31c: extra firsts ,30c; firsts. 28%c: ordinary, 27'.-c. Poultry Heavy fowls. 26® 27c: mediums, 26** 27c: Leghorns. 22®34c: old cocks. 18® 19c; stags, 20® 22c: heavy springers. 26® 27c; ducks. 25® 28c: geese, 20'/* 22c. Potatoes 150-lb. sacks, round whites. New York. $3.90® 4: Minnesota. $3.75; Michigan. $4, Wisconsin. $3.75® 3.85; 120-lb sacks. Maine Green Mountain. $3.65: Idaho Russet Burbanks. $8; Colorado Rurals. $3: Florida No. 2. barrel, $10.50® 11; No. 3. $8®8.50. P>!l United Press NEW YORK. March 9.—Flour—Dull, but firm. Pork—Dull: messK S3O. Lard Easier: Midwest spot, >11.554*11.65. Su-gar-Raw firm; spot 96 test delivered duty pcfrl. 4.40; refined dull: granulated. 5.70® 5.75 c. Coffee—Rio No. 7 on spot, 17c: Santos No. 4. 23®23%c. Tallow Slcadv: special to extra, 8%®8%c. Hay Steady; No. 1. $1.10: No. 3. 75® 85r; clover. 65c® $ I Dressed poultry—Dull; turkeys, 30® 46c; chickens, 18'//46c: broilers. 35® 55c: capons. 30®48c: fowls, 18®31c: ducks. 16',*20"; Long Island ducks. 18® 22c. Live poultry -Steady: geese. 14® 23c: ducks. 16® 33c; fowls, 20® 25c: turkeys, 25® 50c; roosters, 18c: chickens. 23® 25c; capons. 29®50c: broilers, 40® 50c. Cheese Firm: State whole milk, fancy to specials. 29®29%c: Young America. £9%® 30c Potatoes Long Island. $2.25® 6: Jersey, $14*1.75; southern. s3®6: State. $3,754*4: Maine. $3.85® 5.25; Bermuda. $4 4*lo. Sweet potatoes—Jersey, bosket, 75c®$3; southern, basket, 66-c® $2.15. Butter—Easier; receipts. 8.189: creamery extra. 50c; special market, 50% in 51c. Eggs—Firm; receipts. 27,458: nearby white fancy. 34®36c: nearby State white. 294*33c; fresh firsts, 28 3 *®29%c; Pacific coasts. 30%/® 37c: western whites, 304* 31c: nearby browns, 324* 34c,

1 In the Stock Market

'By Thomson & McKinnon! NEW YORK, March 9.—Forecasting one day and explaining the next is one of the favorite pastimes on Wall Street. Everyone maked ! his guess the day before a report is published and then has an interesting- time trying to figure out the difference between the guess and the report. Why are the brokers loans down when there was insistence that they would have to show an advance? -How do brokers leans decline? Did you ever stop to analyze it? You know there is only one way and that is by paying *off all or part of the loan. That’s simple isn’t it? All other explanations must fit in finally in the simple process of payment. A sale by one individual carrying an account on margin to another individual carrying a similar account would not serve the purpose, would it? Therefore, there i3 just one explanation in the stock market for the decrease. Stocks carried in loan accounts were sold and the stocks must have been purchased bv cash buyers. You cant get - round that at all. And if this did not occur iy the stock market, then it will be found that bonds carried in loans were distributed and the loans paid. Whichever one of those two explanations you accept the net result is satisfactory.

CORN ESTIMATE PROVES BULLISH AS PRICES RISE Yellow Grain Deficit Shocks Trade: Wheat, Oats as Expected. Pet United Press CHICAGO. March 9.—Thursday’s Government report on farm reserves of corn proved to be very bullish, and corn futures advanced % to % cent at today’s opening on tj?e Chicago Board of Trade. In the absence of definitely depressing news, wheat and oats followed the upturn, wheat advancing % to •% and oats % cent. Provisions opened weak, and slightly lower. The Government reports indicated total farm reserves of com were around 14,000,000 bushels lower than the average of private -reports issued a week ago. This deficit proved a shock to the trade, as the private figures were through extremely low. The news, combined with wet and unsettled belt weather, and expected small receipts made early sentiment strongly bullish. The Government reports on wheat and oats were about as expected, and were not looked upon as influential factors in today's trade. Wheat estimates were very near the average level of last week's private reports. Oats estimates showed farm reserve supplies to be 8,000,000 bushels larger than the average of the private reports, or around 45,000,000 bushels less than a year ago. Chicago Grain Table —March 9 WHEAT— Prev. High. Low. 12 m. close. Mar. 1.39% 1.38% 1.38% 1,38'. Mav 1.38% 1.37% 1.37% 1.37% Julv 1.30% 1.354, 1.36 1.35% CORNMar 96%. .95% .96 .95', Mav 1.00 .98% .99% .98% Julv 1.02% 1.01% 1.01 s * 1.00% OATS Mar .57% .56% :56 s * .57 Mav .... 57% .57 .57% .57% Julv 53 .52% .52% .52% RYE - Mav 1.17% . 1.17% 1.17 July 1.18 1.17 1.17% 1.17% Scot 1.11% 1.11% 1.11% 1.11 LAUD - Mar n.35 M-v 11.62 11.57 11 60 11.62 Julv 11.90 11.85 11.90 11.87 Sen' 12.17 12.12 12.15 12.15 RIBS May n.30 Julv n.57 rtn 77m*** Special CHICAGO. March 9,—Carlots Wheat, 2*: corn. 23!: oats. Ill; rye. 4

Indianapolis Stocks

—March 9 Amer Central Life 550 d AslC Amr Cresotiog Cos pfd 104% Belt R R com 68 70 Beit R R pfd gp Cent Ind Power Cos pfd 98 100 Circle Theater Cos com 102% Cities Service Cos com 57% Clt.es Service Cos pfd 98 s , Citizens Gas Cos com 57 58'• Citizens Gas Cos pfd 101% 103 Commonwealth Loan Cos pfd. 100 Equitable Securities Cos com.. 45 Hook Drug com jo% * Indiana Hotel com (Clavpooli 125 Indiana Hotel pfd 101% Indiana Service Corn pfd 94 Indlanapoits Gas com 62 64 luripls ft Northwestern pfd .. 40 Indpls P ft L %s ptd 104 106 Indpls P ft I. 7s 102 Indpls Pup Wei Ln Ass'n... 47% Indianapolis St Ry pfd 33 36 Indpls Water Cos pfd 103 Indpls Water Wks Sec Cos 105% Interstate P S pr Hen pfd.. 105 108 Interstate P S 6s pfd 95 100 Merchants Public Utilities lot Noitlf Tnd Pub Service pfd .102 101 Progress Laundry com 28' Rauh Fertilizer pfd 50 Real Silk pfd T IT I ft E com 1 T 11 I ft E pfd 14 18 T H Tree and Lt Cos pfd .... 93 Union Tree of Ind com ■' Union Trac of Ind Ist pfd ... . 1 Union Trnc of Ind 2d pfd .... % Union Title Cos rom 32 Van Camp Pack Cos pfd .... 10 Van Camp Prod Ist pfd ... 90 10() Van Camp Prod 2d pfd 100 Bonds Belt R R and Stockyards is.. 92 Broad Ripple 5s .81% Centra! Indiana Gas 6s 98 ... Central Indiana Power Cos 65.. 104 Central Indiana Power pfd . 96% Chi S B"nd ft N Ind 5s 17% Citizens Gas Cos 5s 103 107 Citizens St R R 5s 90 92 Gary St Ry 5s 92% ... Home T ft T of Ft. Wasne 6s. 103 . . Indiana Hotel 5s 101 ... Indiana Northern Ind Ry and Lt 5s 98 Ind Service Corp 5s ... 98 s . Ind Union Trac 5s Indpls Col ft South 6s 100% Indpls Gas Cos 5s . 102% 105 Indpls ft Martinsville 5s 60 ... Indpls Northern 5s 13 Indpis ft Northwestern 55... 60 Indpls Power and Lt Cos 55... 101 102 Indpls St Rv 4s 67% 69 Indpls Trac apd Term 5s 96'„• 97% Indpls Union Rv 5s 102% ... Indpls Water 5%s 104% ... Indpls Water Ist 5s 100 ... Indpls Water <%s 98 Indpls Water Wk Sec Cos 65..102% ... Interstate Pub 6 6s 104% Interstate Pub S Be 6%s 105% ... Northern Ind Pub Serv Cos ss. 101 T H I ft E 5s 65 T H Trac and Light 5s 96 Union Trac of Ind 6s 13 18 "Ex-divldend. —Liberty Bonds Liberty Loan Ist 3%s 101.30 101 60 Liberty Loan Ist 4%s 102.60 102.90 Liberty Loan 3d 4%s 100 30 100.60 Liberty Loan 4th 4%s 103.50 103.80 U S Treasury 4%s 115 40 115.70 U S Treasury 4s 110.40 I'o 70 U S Treasury 3%s 107.70 108.00 U S Treasury 3%s 102.70 103 00 —Sales—s2,ooo Citizens St. Ry 5s 90

EXPECT SAFETY DRIVE TO REDUCE ACCIDENTS Improvement in City Conditions Predicted in First Year, Accidents should be reduced 15 per cent in Indianapolis it* the first year of the Indianapolis Safety Council educational campaign. Director Harry M. Franklin declared at a meeting of the board of control of the council at the Chamber of Commerce today. Franklin reported on the recent National Safety Council at the meeting he attended. Short talks on safety and organization were made by Frederick E. Schortemeier, president of the board, and Vice Presidents Claude M. Worley, Dickson H. Bynum, Wallace O. Lee and Clarence L. Kirk. The executive committee, composed of Robert I. Todd, R. H. Losey, Paul H. Krause, Chapin F. Green, E. G. Ralston and W. B. Harding, chairman, also met with the board of control. Permanent headquarteTs of the Safety Council were opened today at 833 Meyer-Kiser Bank Bldg. ASKS TO SELL ASSETS Referee Seeks to I>i c Dose of Properly of Defunct Newspaper. Petition for sale of physical assets of the defunct Indianapolis Post Publishing Company was filed with Carl Wilde, referee in bankruptcy, today by Obie J. Smith, trustee. Physical assets are listed at approximately $57,000.

Many Art Treasures in Theater

Mp* <* : ' - fy i*f* : ' ;

This picture gives a good idea of one nook in the lounge of Loews Palace Theater which opened last Saturday. The lounge is on the second floor. The fireplace is from the home of the late Judge Gary. A gold clock can be seen on the mantlepiece.

HOOSIER, AUTO FARMERS FOES PIONEER. DIES OF BORER FOND

J. D. Maxwell One of Three Oppose $10,000,000 ApMaking First Car. propriations at Auburn.

By Times Special KOKOMO. Ind., March 9.—Jonathan Dixon Maxwell, associated here with Elwood Haynes and Elmer Apperson in building the machine preserved at the Smithsonian Institute, Washington, D. C„ as the first automobile, is dead at Worton. Md. Funeral services were held today at the Maxwell home in Worton. Burial will be made Saturday at Peru, Ind. Maxwell was born in Indiana in 1864. At one time he was Apperson's partner in a bicycle repair shop here. He was head of the company which for several years manufactured an automobile bearing his name and also served as vice president of the United States Motor Corporation. He retired fifteen years ego.

In the Sugar Market

(By Thomson ft McKinnoni NEW York. March 9. -Tbs probability of an over production of sugar this year Is decreasing as the prospects of the Cuban commissions negotiations with foreign interests to dispose of its surplus holdings become brighter. With, refiners more aggressive buyers of actuals at advancing prices, the trade is beginning to take more seriously the prediction of 3cent sugar. We continue to, favor the long side of the market, particularly on moderate reactions.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. March 9. Spinners are buying the new crop at IS cents. It gives you h comfortable feeling to be long of something for which you know there is a good demand. That la the reason v.e think so well of buying cotton Marriage Licenses James Mathew Boltinghouse. 23. of 973 Elm St., chauffeur, and Lucille Agnes Jones. 19. of 525 Warman Ave.. clerk. Kenneth James Gardner. 29. of 2637 Burton Ave., truck driver, and Emma Magendanz. 19. R R. 4. Box 659. William C .Batchelor. 19. of 648 E Twen-tv-First St , dining ear steward, and Dottye Lucille Wheeler, 19, same address, saleslady. Edward Albert Schlecker. 27. of 1834 Commerce Arc., barber, and Catherine Bernice Wren, 23. of 295 Cornell Ave., telephone operator. PJmes M Reed. 47. of 535 E. Market St., coal wagon driver, and Leeonnta Freeman. 30. 5.3;/ E. Market 81. Donald Britt. 28*1 of 940 Indiana Ave., porter, and Louise Havden, 28, of 29 E. Thlrtv-Seventh St., maid. Charles Leander Stanford, 22. of 425 S. Holmes, end Evelvn Pearl Davis. 19. of 3311 W Market St. Births ItOTS Charles and Pearl Walls. 5226 E. North. Carl and Marv Bernltt, 2102 Eastern. Elbert and Esta Herron, Methodist Hospital. Charles and Carrie Mosley. 124 W. Twenty-Eighth. Girla Maurice and Verna Kiphart, 146 W. Eighteenth. Earl and Luella Durbin. 1302 Congress. Robert and Pauline Brookie, Methodist Hospital. Saa’ and Hattie Silbermann. Methodist Hospital. Erie and Helen Rau. Methodist Hospital. Chester and Marie Monroe. 930 Albany. Richard and Margaret Rosa, 802 E. North. Deaths Josephine Wurtz, 72, 210 Wisconsin, angina nectoris. Leila Bartholomew. 63. 712 E. TwentySecond. acute dilatation of heart. Alden M. Conner, 42. 539 S. Illinois, carcinoma. Benaldine App. 14. St. Vincent's Hospital, acute mastoiditis. Johanna Llndbloom. 66, 1116 N. Capitol. Influenza. Eliza Moss. 74, 3326 N. Capitol, carcinoma. Bertha Woolen. 30. Christian Hospital. Intestinal obstruction. William H. Speer. 69, Christian Hospital, chronic myocarditis. Frederick K. Rattler, 62, St. Vincent's Hospital, myocarditis. William Eastrldge, 55. city hospital, cerebral hemorrhage. Melvin Githens, 47. 1004 S. Sheffield, diabetes mellitus. Infant Holton, 1 day, Coleman Hospital, premature birth. Ida Alice Dale. 46, 2340 Bellefontaine, carcinoma Bessie Sharp Arbaugli. 51. 3051 Ruckle, carcinoma. Stanley G. Poole. 4, St. Vincent's Hospital. tuberculous meningitis. Mary Becker. 60. 1515 N. Beville. hypostatic pneumonia. Elsie May Carter. 67, 137 Kansas,-myo-carditis. May Rhorcr. 38, Methodist Hospital, exophthalmic goiter.

Buiiding Permits W. F. Seyfried. dwelling and garage, 1508 N. Drexel, $5,800. Charles Tyre, garage. 2743 N. Olney, S2OO. Frank E. Scheldmeier, addition, 1151 W. Thirty-First, SBOO. O. F. Mann, storeroom. 512 N. East. $2,500. O. F. Mann, repair, 512 N. East, $1,500. J. H. Mauer, rcroof, 542 Indiana. $4Ol. Finn Bros., repair ,1639 N. Meridian. SSOO. Standard Oil Company, tanks. 6542 Cornell. *3,200. S. W. Goldsmith, tanks, 8. Neal and Big Four Railroad, *SOO. Henry H. Ranje, dwelling, 1724 Woodlawn. *6,000. Forest Cleaners and Dyers, boiler, 24 S. Forest. SI,OOO. O. C. Gasklll. dwelling and garage, 5335 Central. $12,000. Mamie Smith, dwelling. 525-27 S. Arlington, *2.800. , ... E. J. Graston. building, 5492 Brookville. $250. Guv G. Aronhalt. dwelling and garage, 1314 N. Colorado. $3,000. C. W. Henry, dwelling, 464 N. Concord, $2,000. Sarah J. Kiefer, reroof. 1255 Congress, $294. C. F. Schering, reroof. ?4 N. Randolph, S2OO. Robert Hackney, rcroof. 1474 N. New Jersey. S2OO. E. G. McCrearey. dwelling and garage, 315 W. Forty-Fourth. *5,150. Western Oil Refining Company, rooms, corner Washington ana Layman, $6,600. Miss Frieda Herbst, garage, 862-64 N. Belle Vieu, *3OO. Newark Shoe Store, store front, 164 N. Illinois. SI,OOO. Addle Holmes, remodel, 405 N. Beville. S2OO. Addie Holmes, dwelling, 401-03 N. Beville. *3.200.

fly Times Special AUBURN. Ind.. March 9.—Farmers in the corn borer infested region of Indiana at a meeting here adopted a resolution strongly opposing appropriation by Congress of $lO,000,000 to fight the crop pest, with an amendment reading, "if such an appropriation is made the farmers receive 95 per cent of this appropriation for their work.” William H. Settle, Indiana Farm Bureau Federation president, who called the meeting here, was told that no Adams County farmer will aid in the borer clean-up campaign and that 90 per cent of those in Wells County will refuse aid. Heckling presented an address to the meeting Dy Paul Ullman, in charge of the borer campaign in northern Indiana.

BUSINESS BUREAU PICKS BOARD OF DIRECTORS Seven Chosen for Three-Year Terms. Seven directors were elected for three-year terms at the annual Better Business Bureau luncheon today at the Lincoln Hotel. Directors named were: Emerson W. Chaillie, Real Estate Board president; Charles R. Yoke, Fletcher Avenue Savings and Loan Association; Thomas Coffman, J. H. Aufderheide Investment Company; Jesse E. Hanft, Oval & Koster Company; Frank Flenner, Flanner & Buchanan; Frank Hatfield, Frank M. Hatfield Company, and Clerence L. Kirk, Citizens Gas Company. The bureau adopted an amendment providing for a representation on the board of any business classification having ten members in the bureau. Officers will be elected later by directors. REPAIRS ARE ORDERED ON BUTLER BLEACHERS Stands to Be Made Absolutely Safe for Basketball Tourney. Structural supports which will make the temporary bleachers at Butler University field house absolutely safe for the State basketball tourney. March 16-17, were ordered installed Thursday by the board of safety at a special session to investigate the fall of a section of seats when the mammoth gym was opened Wednesday night. Heavy mud sills, heel braces and two extra rows of supports were orered by the safety board's building department. Butler officials agreed to comply' with the order. PREDICTS 2-CYCLE CAR Louis Schwitzer Addresses Group of Automotive Engineers. Use of superchargers on passenger automobiles, busses and trucks soon will be nation wide, in the opinion of Louis Schwitzer, Indianapolis auto parts dealer. Schwitzer predicted development of a two-cycle automobile motor in the near future before the Indiana section, Society of Automotive Engineers at the Severin Thursday night.

/s >/ \ Ruby & Company • announce the opening of offices at 106 Guaranty Building, Indianapolis , where they will conduct a complete service in the sale and purchase of all classes of securities.

TELEPHONE LINCOLN 1507

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STATE SCHOOLS FOR TEACHERS ARE ASSAILED Too Many Being Trained, Purdue President Tells Board. Too many teachers are beingtrained in Indiana teacher train- 31 mg schools, President Edward Elliott of Purdue University told the State board of education today. He inquired if the training schools are keeping a record of the efficiency of their -graduates at their teaching jobs. “If the institutions simply are going through the form of training teachers, we ought to know about it,” President Elliott declared. The board decided to discuss the problem at its next meeting. The session today was to approve textbooks for use in high schools. Fifty-three books for twenty-eight subjects were to be listed on the approval list for the next five years. Discuss High Prices Decision on the majority of the books on the list, it was understood, was reached at a secret session Thursday night in state Superintendent Roy P. Wieheart’s office. The closed session discussed complaints that prices of books on the list are too high, not having been cut incc war price days, it was believed. After some discussion today, the board decided to approve only one book for the subjects of English grammar and composition and composition and rhetoric, instead of four for each subject. The book selected for grammar and composition was “Our English,” by Denny, puhlished by Scribner's, and for composition and rhetoric was “Written and Spoken English,” by Clippingter, published by Silver. Cost of the first book is 90 cents and the second $1.14. Textbooks Adopted In general history the SI.BO book on the old list “Modern Times and the Living Past,” by Elson, published by the American Book Company, was approved. Anew United States history book, “History of the United States,” by Beard was chosen. The book costs $1.47, 9 cents more than the old book. Anew civil government text, “Government in the United States,” Indiana edition, by Smith, published by Laidlaw. to cost $1.20, 15 cents less than the old book, was approved. The old books were retained for most of the sciences.

SEEKS CONGRESS BERTH Nathan J. Lane of Darlington First to File for Representative. Nathan J. Lane of Darlington, a Republican, was the first candidate for the Indiana House of Representatives to file at the secretary of State's office today. Lane came to Indianapolis Thursday and filed his petition for a place on the Republican ballot in Montgomery County one minute after midnight. Time for filing for President. Governor and United States Senator expired at midnight and the filing season for candidates for the Indiana House of Representatives. State Senate, national House of Representatives, comity judges and prosecutor opened. The new set of candidates have until April 7 to file.

DELICIOUS Home Cooked Food At Claman’s Dairy Lunch 5J> Kentucky Ate.

Rent a New Ford Drive It Yourself SAUNDERS SYSTEM 39 Kentucky Ave. R 1.2233

GOLDFISH!

Bring Happiness to Children and Invalids. Mauy Varieties, 10c up. Folder of Instruction Given FREE. Bowls. Stands and Aquariums Priced Low. Food and Remedies for all Pets. Everitt’s Seed Store* 5 X. Ala. St. 227 W. Wash. St.

American Telephone and Telegraph Company 154th Dividend ®The regular quarterly dividend of Two Dollars and Ttventy-Fivc Cents ($2.25) per share will be paid on Monday, April 16, 1928, to stockholders of record at the dose of business on March 15, 1928. H. BLAIR-SMITH, Treasurer.