Indianapolis Times, Volume 39, Number 280, Indianapolis, Marion County, 20 March 1928 — Page 10

PAGE 10

RADIO SOARS IN ACTIVE DEMAND! G. M. C. SPURTS Radio Corporation Advances 15 Points in Wild Rampage. Average Stock Prices Average of twenty industrials Monday Was 203.66. off .37. Average of twenty rails was 140.30, off .62 Average of forty bonds was 89.33. up .01. by United Press NEW YORK, March 20.—Rubber and utility stocks continued to lead the stock mancet today with the remainder of the list highly irregular in the early dealings. A recovery set in after the opening. Rumors that negotiations were nearing completion toward merger of International Telephone and Telegraph and Mackay companies brought further buying into these issues, sending the Mackay stock to anew record at 131 h. Radio Corporation also was in active demand again, spurting 2 points to 139. In the utility group, Standard Gas spurted two points, and North American reached anew 1928 high at 64%. Goodyear, Goodrich and U. S. Rubber were bid up further. G. M. C., Steel Off General Motors and United States Steel eased off fractionally and losses were noted in a long list of stocks. Describing the market, the Wall Street Journal’s financial review today said: Steel common sold off 1U points to 144% at the opening on the news that the Duponts had disposed of 114,000 shares bought for a temporary investment. However, the best opinion was that the stock was sold, owing to the Federal Trade Commission inquiry rather than because of any doubt over the long pull attractiveness of steel. Other industrial leaders continued a corrective reaction which developed on the previous clay.” Radio and G. M. C. Spurts Radio Corporation was the outstanding feature of the list, rising 35ti points to 152%'. The movement was paralleled by a rise hi General Motors to anew record at 173, up 5 points, a rise in U. S. Steel, a sharp break in Mackay Companies and a heavy buying in rails. The latter was stimulated by advices from Washington which stated that President Coolidge has received assurances that Congress will take tip the Railroad Consolidation bill and probably pass it. The outlook for railroad legislation as seen by the President w r as disclosed at the White House without further comment. Radio on Rampage r.'t United Press NEW YORK. March 20.—Radio Corporation started on another rampage on the Stock Exchange today with the buying inaugurated with a block of 10,000 shares changing hands at 140. up 3 points from Monday's close. Long strings of the issue then appeared on the tape, harking back to the sensational spurt of two weeks ago. The price rose steadily with the increased volume of dealings until 152 was reached in the early afternoon. That represented a gain o t 15% points from the previous close of 137. General Motors ran second in point of advance, but it scored anew high record for the present shares at 173, up 5 points. Information from Wilmington that. Dupont interests had disposed of the 114,000 shares of U. S. Steel held for tire Dupon company brought a sharp drop in Steel in the early dealings, but the stock quickly recovered. Stocks of Mackay companies and International Telephone and Telegraph Company advanced in early dealings but lost all the gains subsequently’, Mackay declining 6 points from the previous close to 125 after having touched 134.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $3,396 - COO. Debits were $7,414,000. NEW YORK STATEMENT .TV; United Press NEW YORK March 20.—Bank clearings today were $1,776,000,000. Clearing house balance was $187,000,000. FOREIGN EXCHANGE £,y United Press NEW YORK. March 20..—Foreign exchange opened steady. Demand sterling. *4.87%; francs, 3.93%c; lira, 5.28 c; belga. 13.93 c; marks, 23.90%c. LIBERTY BONDS r,7 United Press NEW YORK. March 20. Liberty 3%s opened at 101.8, off 2; 3rd 4%s 100.i2; 4th 4%s 103.18. up 1. TREASURY STATEMENT by United Press WASHINGTON, March 20.—The Treasury net balance for March 17 was $438,572.477.50. Customs receipts this month to March 17 were $27,322,299.36. In the Stock Market (By Thomson & McKinnon) NEW YORK, March 20.—1n the majority few of us are ever satisfield. We go to extremes. When the market is boiling over and on its upward trend, there is no roof to it. and when a recession appears few of us think there is any bottom. Moderation in the stock market, as well as ill personal affairs, most often leads to larger profits In the end, for, like Washington, he who runs lives to buy another day. Just at the present moment the issues offering the most satisfactory trading possibilities are those recognized as having a long and substantial earning power and which are operating in Industry and enjoying prosperity above the average. In this category are found the motors and trunk line rails, both a necessity to public welfare and each dependent upon the other to a considerable extent.

Local Wagon Wheat

Local grain elevators are paying $1.53 for No. 2 red Other grades are purchased on tketr lEarits.

New York Stocks (B? Thomson & McKinnon)

—March 20— Railroads— Prev. High. Low. 12:00 close. Atchison 190! 2 188-8 190% 188% Atl Coast Line.. 181 ... 181 183 Balt & Ohio ...115% U5 s a 115% 116-4 Canadian Pac ..213-4 2X1 1 a 213'2 213% Chesa & Ohio ~197'2 ... 195*a 197 1 a Chi & Alton... 7% 7% 7% 7% Chi & N West.. 85*2 ... 85'- 86 Chi Grt West... 12*4 ... 12 12 C R I & P Hl',4 ... Ill'4 111% Del & Hudson 170 Del & Laclia ...144 s * ... 144 145% Erie 5714 37% 57% 57-/, Erie Ist pfd 58 ... 58 5814 Grt Nor pfd.... 99 ... 99 99% 111 Central 138*4 ... 138*4 13914 Lehigh Valley 94% Kan City South 57 36% 56 • 57*4 Lou & Nash 152% M K & T 39 ... 38-4 39 Mo Pac pfd 112 . . 112 111 N V Central 170*4 169% 170 171 *4 N Y C & St L. .135'4 ... 135*4 135% N Y N H & H 61 7 r 61 1 2 61% 62% Nor Pacific .... 97*8 9G 7 S 97 98 Norfolk & West 190 Pere Marquette. .130 ... 130 129 Pennsylvania .. 67% 67% 67% 67 P & W Va 126% Reading 10414 103% 104 105 Southern Rv ... ... 147 Southern Pac .120% 120 120% 120% St Paul 25% St Paul pfd ... 41% 41 41% 41-4 St L & S W... 83 ... 83 82% St. L & S F. .. 115% 115-b 115% 115 Texas & Pac ...123 122 123 121 Union Pacific ... 193-4 .. 193% 194 West Maryland . 46% ... 45% 45% Wabash 70% ... 70 70% Rubbers— Alax 11% 10% 11% 10% Fisk 16*4 ... 16 15% Goodrich 86 % 85% 86 84% Goodyear 59% 58% 59 56% Kelly-Spgfld 22% 21% 21% 21% Lee 19% 18% 19 39 United States .. 48 47zz 48 46% Equipments— Am Car & Fdy.lo9 106% 108% 106 1 ' Am Locomotitvc. 112-4 110% 112% 109’ Am Steel Fd.... 64% ... 64% 64% Baldwin Loco .... ... 272 General Elec . .140% 137% 140% ’38% Gen Ry Signal.. 100% 99% 100 100% Lima Loco 56% 54 56% 53 N Y Air Brake.. 46% 45*4 49% 45% 1 Pressed Stl Car . . ... . 24% Pullman 88% 87% 88 87 Westingh Air B. 53% 52 % 53 52' . I Westingh Elec.. 101% 100% 101% 100% ■ Steels— Bethlehem 60% ... 60 60% I oiorado Fuel 79% 78% 79% 79% Crucible 86% ... 86% 86% 1 Culf States Stl.. .. .!. . . 55% Inland Steel 51 I Phil RC & I 32% 31% 32 32 % Rep Iron & Stl. 60% 60% 60% 60-/a I S'.oss Shell 127% U S Steel 146 144-4 145% 146 I Alloy 30 ... 30 29-4 Youngstown Stl. 87 . 85% 37% I Vanaalum Corp. 91% 89 90% 90 Motors— Am Bosch Mag.. 21% 21% 21% 21 Chrysler Corp... 63% 63 63% 63% Conti Motors .. 10% ... 10% 10% Dodge Bros 20 •... 19% 20% Gabriel Snbbrs. 17% ... 17% 17% General Motors 173 167 -173 168 Hudson 94 91 93 % 91% Hupp 44-4 44% 44% 44% Jordan ... ... 11 % Mack Trucks .. 94 92% 93*4 93% Moon 7 ... 7 7 Motor Wheel .. 32 31-4 32 32% i Nash 86=4 ... 86-4 86% 1 Packard 65% ... 65% 65% Peerless 22% ... 22% ... Paige 25 22 21% 17% Studebsker Cor. 63% 63% 63% 63% Stew Warner .. 91% 90% 91 91% Stromberg Carl.. 54 ... 54 53% Timken Bear .. 125% ... 123% 125% Willys Overland 23 22* 8 22% Yellow Coach.. 33 32% 32% 32% White Motor .. 33% 33 33% 31 | Mining— Am Smlt & Rfg. 175 174 174% 175 j Anaconda Cop.. 55% ’... 55% 53 Calumet & Ariz 93% ... 93% 93% Cerro de Pasco. 63% ... 63% 63% Chile Copper ... 38% ... 38% 33 1 4 Greene Can Cop 126% 122% 126% 123 Inspiration Cop ... 18% Int Nickel 91 90 % 90% 91 Vb Kennecott Cop.. 81% ... 81% 81% Magma Cop 43% Miami Copper . 18 ... 18 18 Texas Gulf Sul. 76% 75% 75-4 75% U S Smelt 40 Oils— Atlantic Rfg ... 107 ... 107 107% Cal Petrol 25% Freeport Texas. 83% 81% 83% 82** Houston Oil ....146% ... 145% 146% Indp Oil & Gas. . ... ... 25% Marland Oil .... 35%33 7 % 85% 35% Mld-Contl Petrol 27% 27 27% 25 7 a Lago Oil <fc Tr 31 Pan-Am Pet (B> 43 42% 42-4 42 s * Phillips Petrol .. 38% ... 33% 39 Pro & Rfgrs 20-4 ... 20-4 20% Union of Ca 1.... 50 ... 49% 50 Pure Oil 21% 2114 21-4 21% Royal Dutch .... 48 ... 46 46 Shell 23 * % Simms Petrol .. 19% ... 19 7 4 19% Sinclair Oil 24% ... . 4 24% Skelly Oil 26 ... 26 24-% Std OH Cal 56% ... 53 5.V% Std Oil N J 39% 38% 39 39 Std Oil N Y 30-8 ... 30% 30-4 Texas Corp .... 52 51 % 52 51-4 Transcontl 8% ... C% 8% Industrials— Adv Rumeiy ... ... 12-4 Allis Chalmers . .120-4 ... 120-4 120% Allied Chem ...161 159 : % 160 160'% Armour A 14 ... 13% 14% Amer Can 83-4 83 83% 83% Am Hide Lea... 12 ... 12 11-4 Amer H L pfd 54 Amer Linseed .. 94 S3 94 94 Am Safety Raz ... ... 60% Amer Ice 33'4 33-4 33% 33% Am Woolen 22% ... 22*4 22% Curtis 66% ... 66 6-4-/a Coca Cola 133% ... 138% 138% Conti Can 95=4 94% 95 % 95 % Certalnteed ... ... 56-a Congoleum 257* ... 25 7 4 25% Davison Chem 37 % Dupont 354-4 352 359-4 356 Famous Players 116 115% 116 115% General Asphalt 85!4 84% 85 85% Int Bus Men 129% IntCra Engr.... 50% 49% 50 50 Int Paper 7275 ... 72 7 5 72% Int Harvester ... ... 242% Lambert 97% 97% 97 % 97 LoeW3 68% 67% 08% 68 % May Stores 81% 80% 91% 81 Montgom Ward. 138 136'% 138 137 Natl C R 53% ... 53% 53% Pittsburgh Coal. 50 49-4 50 49% Owens Bottle ■ . .. 82% Radio Corp 149 137 149 138 Real Silk 25 Rem Rand 28-5 ... 27% 28 Sears-Roebuck .. 90 88!j 90 89% Union Carbide.. .143 147% 148 140% U 3 Leather 26 ... 26 25% Unlv Pipe 24 ... 24 237* U S Cs Ir Pipe.. 235 230 232 235 U S Indus A1c0.,120 119% 120 119*5 Wright 88 ... 35% 85% Woolworth Cos ..186% 18575 186% 186 Utilities— Am Tel & Tel. ..180% ... 180-5 180*4 Am Express ;...178 ... 178 179 Am Wat Wks 60% ... 59% 59 Brklvn-Manh T 67 ... 66% 67=4 Col G& E 94 93% 94 92% Consol Gas 140 ... 139% 140% Elec Pow & Lt.. 39=4 38% 39 39% Interboro 39% ... 3974 40% Nor Am CO 65 6474 65 64% Montana P 163*5 162*4 162% 163 Peoples Gas 174 So Calif 47% 47% 47'4 47% Std Gas & El.. 647* 64% 64% 63% Utilities Power.. 32*4 32 32 32% West Union Tel. 165% ... 165 165 Shipping— Am Inti Corp... <574 85 85% 85 7 4 Am Ship & Com .. 4-4 Atl Gulf & W I 40*5 ... 4040% Inti Mer M pfd.. .. 37% United Fruit.... 138 ... 138 137% Foods— Am Sug RfgN44 6675 66 6674 66-,4 Austin Nichols.. .. 4% Beechnut Pkg .. 8174 7974 81% 78% California Pkg 73% Corn Products.. 76*4 75% 76 76% Cuba Cane Su p 28-4 38 28*4 28% Cuban Am Sug.. 23% 22 22% 22 Fleisehmann Cos. 70% ... 70% 70 Jewel Tea 8174 Jones Bros Tea 32*4 Natl Biscuit ...172 17174 172 173 Punta Alegre ... 30-4 ... 30% 30% Postum Cos 12174 ... 121-4 12174 Ward Baking 8.. 24 ... 24 24 Tobaccos— Am Sumatra ... 5675 5674 56% 5574 Am Tobacco 16674 Am Tob B 167*4 ... 166% 167 Con Cigars .... 84 74 ... 8474 8 5 General Cigar .. 70 ... 70 69 7 4 Lorillard 41% ... 41=4 41% R J Reynolds... .146*4 ... 146% 146 Tob Products B. .11074 ... 110% 110% United Cigar St 3174 ... 31 3175 Schulte Ret Strs 52 ... 52 52

In the Cotton Market

(By Thomson & McKinnon) NEW YORK, March 20.—The ginning figures will show about 12,900,000. If they run higher and cause any setback in price we would buy immediately as the effect will be only temporarily. The heavy sales at the close Monday were contracts bought last week on which a good profit was made. It will be repurchased on any decline.

In the Sugar Market

(By Thomson & McKinnon) NEW YORK. March 20.—Despite unwillingness on the part of refiners to buy on a rising market, holders of the raw seemed entirely indifferent to the situation. This action Is prompted no doubt by the belief that available supplies will be taken by Europeans or operators. Supplies of duty free tn prompt position are limited. Prices show strengthening tendencies. and with sellers li> a strong position a further advance can be looked for. Disease Fatal After Wound WALLONIA, Ind., March 20. Mrs. Nera H. Holmes, 53, who was wounded during a hold up of the Medora bank three years ago, is dead at her home here, a victim of heart disease.

HOGS CONTINUE MONDAY’S DROP AT STOCKYARDS Best Porkers Sell at $8.65 in 25-Cent Lower Market. Mar. Bulk Top. Receipts. 13. B.2sfit: 8.85 8.85 7.000 14. 8.25 ft/: 8.85 B.SO 8,500 15. 8 OOfrr 8.80 8.85 5,000 16. B.oofit 8.75 8.80 6.000 17. 8.254/' 8.90 9.00 2.000 19. 8.25i> 8.90 8 90 5.000 | 20. B.oofil 8.65 8.65 6,000 Continuing the decline, started Monday, hogs dropped off 25 cents on the hundredweight at the Union Stockyards today, the best selling at $8.65 and the bulk upward from SB. Receipts numbered 6,000 and there were 752 holdovers. Other material at the local yards was mostly steady, with higher receipts. Salesmen at Chicago were asking around steady prices, with Monday’s best mostly bid. Few sales were around 10 cents lower and $8.30 to $8.40 was paid for the Receipts were estimated at 30,000 and 20.000 were held over from Monday’s high figure. All Weights Off 25 Cents All classes were evenly 25 cents lower. Prices ranged as follows: 250350 pounds. s3"u 3.50; 200-250 pounds $6.45''.* 3.65: 160-200 pounds, $8.25 ft’ 8.65; 130-160 pounds, $7.50' '3.25: pigs, 90-130 pounds. s6.soft 7.50, and packing sows, $6.7557 7.50. A steady tone prevailed In the cattle market with 1.300 animals received. Beef steers sold at $10.25 ft 13 and cows, $74110. Low cutter and cutter cows went at $5.50C*6.75 and bulk stock and feeder steers brought $7.5077 9.50. Others Steady Best vealers sold at $147714.50 in a steadv market. There were 800 animals on hands. Heavy calves brough: $6 50 7110.50. Sheep and lambs held steady with 200 brought to the yards. The top remained quotebn at *16.25. Bu’k fat JarnM were $1477*5 and bulk cid’s. 57.50fi777. Fat ewes brought $6.5047 9.50. —Hots— Receipts, 6.000: market, lower. 2SI-3.V) *b $3 00'" 8 50 200-260 ’bs 2-64/ 865 J 60-200 lbs 8 vsee p 65 130-160 *bS 7.500 8 25 00-130 lbs 6 SOfl) - 50 Packing sows 6.751 k 7.50 —e-r-tt'e Receipts. 1.300; market steady. R“ef steers $1035471300 Reef COWS 7 00% 10 01 7 o'-- cutte-i and cutte- caws .. 5.504/ 675 Bulk Stocker and feeder steers 7 504; 950 —ffalves— Receipts. 800: market sterdv. Rest vealers <14.007714.50 Heavy calves 6.59fi. 10.50 —Sheep and Lambs— Receipts. 200: market steed". Top fat lambs sl6 25 Bulk fat lambs 14 007(15 00 Bulk cull lambs 7.501: 11 00 Fat ewes 6.504i'9.50 Other Livestock P,n United Press PITTSBURGH. March 20 Hogs P.oceipts, 850: market, generally steadv: 250350 Ihs., $8,407/9: 200-250 lbs.. *3.757/9.10-160-200 lbs . $9-/ 9.10: 180-100 lbs . $8 50 '.' 9.10; 90-130 lb;- 1 .. $7.50 "3.50. packing sows, $77/7.50. Cattle - Receipts, none; calves, receipts 30: market firm: beef steers. sll 7/13.65: vealers. $14416 Sheep—Receipts. 600: market strong, top clipped lambs. 514.23.

By Times Ppeeial LOUISVILLE. March 20.-Hogs—Re-ceipts, 800. market. 10c lower; heavies and mediums. 175 lbs. up. $8 257/3.65: lights and pigs, 175 lbs, down. $5.60®. 7.60; throwouts and stags, $5.65® 6.25 CattleReceipts. 100; market, strong; prime heavy steers. sl2l/12.75: heavy shipping steers. slOl/12: medium and plain steers. $94/10; fat heifers. SB7/11.50; good to choice cows, SB7/9: medium to good cows. $5.50® 8: cutters. $5.254. 5.50; canners, $4.50 1/5: hulls. sl4/9; feeders. sß.£o® 11.25: Stockers, $74/11. Calves—Receipts. 200: market, steady: good to choice. $10.50® 12.50; medium to good, $8 50® 10.50; outs. $8.50 down. Sheep- Receipts, 50; market, steady; top lambs. $13.50® 14; seconds. $8 0(11: sheep. $5,504/ 7. Monday's shipments; Cattle, 320; calves, 517; hogs. 431; sheep, none. P%y United Press EAST BUFFALO, March 20.—Hogs—Receipts. 1.600; holdovers, 2,662: market. 10 Of2sc down: 250-350 lbs., $8,254/8.80: 200250 lbs.. .*8.804/8.90: 160-200 lbs.. $8.50 / 3.90: 130-160 lbs.. $8.25® 8.73: 90-130 lbs . SB4/8.25: packing sows. s7l/7.50. Cfctt’e —Receipts. 109. Calves—Receipts, 200; market steady; calves, steady; vealers, $15,501/16. Sheep—Receipts. 100; market, quotable steady; bulk fat lambs, quotable. $16,754/ 17; bulk cull lambs. $12®15; bulk fat ewes, [email protected]. Pet United Press FT. WAYNE, Ind., March 20.—Hogs—Receipts, 800; market, steady to 35c, higher; 90-110 lbs., $6.75; 110-130" lbs.. $7.25; 130150 lbs., $7 50; 150-160 lbs., $7.85; 160-180 lbs., $8.20: 180-200 lbs., $8.3; 200-225 lbs.. $8.40; 225-275 lbs.. $8.25; 275-325 lbs., $8.25 up to $7.90: roughs. $6(36.75; stags, $44/5. Cattle—Receipts. 150. Calves—Receipts, 100; market, $14.50 down. Sheep—Receipts. 200; market, lambs, $15.50 down. Pet United Press CLEVELAND. March 20. Hogs Receipts. 3.500; market steadv to iOc down: 250-350 lbs.. $8.65® 8.90; 200-250 lbs.. $3.75 ® 8.90; 160-200 lbs.. $3.90® 9; 130-160 lbs., sß®9: 90-130 lbs., $7,751/8; packing sows, $74/7.25. Cattle—Receipts, 250; caives, receipts 400; market steadv; beef steers, sll 4/11.25; beef cows. sS.7sft/8.75: low cutter and cutter cows. ss® 6; vealers. sl3® 17. Sheep—Receipts. 600: market steady to 25c up; top fat lambs. sl7; bulk fat lambs. sic.solfl7; bulk cull lambs. $13314.50: bulk fat ewes. $739.50. Pjl United Press TOLEDO. March 20.—Hogs—Receipts. 800; market 104/15c down: heavies. $7.90® 8: mediums. $8,854/8.50; Yorkers. sß.4oftc 8 60; good pigs. $737.50. Cattle—Receipts. 50; market slow 1 ; calves, receipts light; market steadv. Sheep and lambs —Receipts, light; market steady. Bjj United Press ST. LOUIS. March 20.—Hogs—Receipts, 17.500; holdovers. 2.506: market slow to 10c under Monday's average; 250-350 lbs.. $7.65 ®8.25: 200-250 lbs.. $8.1038.55; 160-200 lbs.. $8.15® 8.55: 130-160 lbs.. $7®8.35: 90-130 lbs.. $5.50477.25; packing sows. $6.75®7.10. Cattle—Receipts. 3.500: calves, receipts 1.500: market, steers steadv to 15c, off; beef steers, $11,504/12.50: light yearlings and heifers. $9.50® 12.50: beef cows, $7,503 9.25; low cutter and cutter cows, $5.25® 6.50; vealers. sl3 75: heavy calves. SB4/10; bulk stock and feeder steers. $8,504/ 10.50. Sheep—Receipts. 1,500; market, lambs 25c up. sheep nominally steady: top fat lambs. $16.75; bulk fat lambs. $16316.75; bulk culi lambs. sll.soft/.12.50; bulk fat ewes. $8.50 39.50. Dupont Sale of Steel Uneffected Pej United Press WASHINGTON. March 20.—Sale by the E. I. Dupont de Nemours Company of 114,000 shares of United States Steel common stock will have no effect on the Federal Trade Commission’s pending investigation into an alleged “community of interest” among the Dupont, General Motors and Steel Corporations, Chairman W, E. Humphrey said today. He pointed out that no violation of the law had beeen charged and that the investigation was solely on economic grounds. Investigators have now nearly complettd their work. Iloosiers Eligible to Club By Times Special KOKOMO, Ind. .March 20.—Alt Seiberling, now a resident here, is eligible to membership In the Fifty ' Year Club, Akron, Ohio, open to persons who lived in tJe Ohio city fifty or more years

THE INDIANAPOLIS TIMES

Produce Markets

Butter (wholesale price) No. 1, 627* 53c: No. 2. 507/51c lb. Butterfat (buying price'—soc lb. Cheese (wholesale selling prices, per pound—American loaf. 321/35c: pimento loaf. 34®37c: brick loaf. 327/ 35c; Swiss. 394/ 42c: Wisconsin fiat. 27® 30c: print cream, 251/ 27c; flat display. 26® 27c; Longhorn. 26%((/27c; New York limberger, 33 fit 32c lb. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off. 234124 c doz. Poultry (buying price 1 Hens. 19® 21c; Leghorn hens. 14® 16c: staggy young springs, 13®15e: old roosters. 10® 12c; ducks. 12#15c: geese, 131/16c; guineas, old 35c. young 50c. Bjf United Press CLEVELAND March 20.—Butter Extras. In tub lots. 51-4® 53%c; firsts. 43%1< 50%c: seconds. 44*,47/ 16%c; packing stack, 30® 32c. Eggs-Extras, 30%c: extra firsts. 30c: firsts, 30c: firsts, 27%c; ordinary, 27c. Poultry—Heavy fowls. 277/28c; medium. 27 ft/28c: Leghorns. 22® 24c; old cocks. 167/ 17c; stags. 21® 22c: heavy bioi’ers. 501/55c; Leghorns, 404145 c; geese. 204/ 22c; ducks. 284130 c. Potatoes —150-lb. sacks round whites. New Vork. $1.25® 4.50; Minnesota, $3,857/ 4; Michigan. $3,857/4: Petoskev. $4,151/4.25: Wisconsin. $3,851/4: 120-lb. sacks Minnesota. S3 25® 3.40; Maine Green Mountain $3,754/3.85; Idaho Russet Burbanks. $3.50: homegrown, bushel racks. $1.60® 1.75: Florid; l ba-rels, Hastings No. 1. $12,750( 13; No. 2. $10,50. Py United Press NEW YORK. March 20.—Flour—Quiet and firm. Pork—Quiet. Mess—s3l. Lard —Steady: midwest spot. $11,854/ 11.95. Sugar—Raw, firm; spot 96 test delivered duty peid. 4.58 c: refined, firm; granulated, 5.801/ 5.85 c. Coffee—Rio No. 7 on spot, 16%®16\c; Santos No 4. 22%M23c. Tal-low-Dull: special to extra. 8 %/B%c. Hav —Dull and easy: No. 1. $1.10; No 3. 751/ 00c; clover. 65c ®$ 1. Dressed poultry— Firm; turkeys. 304/46c; chickens. 18® 45c: broilers, 354/ 55": e~pons. 30'Mfjc: fowls, 13i>30c; ducks, 154/20’; ducks. Long Island, 17® 21c. Live poultry—Dull: geese, 144/ 20c: ducks, 164/30c; fowls. 23®'23c; turkevs. 254/50c; roosters. 16c; chickens. 29® 35c; capons, 29® 50c: broilers, -04/ 50c. Cheese —Firm: State whole milk, fan-v to specials 29®29%c; young Amcri-a. 30:31c. Potatoes—Long Island. $2 504/6: Jersey. sl4* 2 25: southern barrels. $9,504/ 10; State. $3.7577 4: Maine. $4 254/5.50: Bermuda. $8 50 1*13: Pennsylvania. s3® 4.25 Sweet pout'es—Jersiv. basket, 75c® $3 . southern b-sket., *l4 2 25: southern barrel.-,. ssl/ 4 50. Butter-Firmer: receipts, 12 287; r—eam-rv extra. 494/50c: special ma’-ket. 50* ;4/ 51 c. Eggs • state white. 28® 3V; fresh firsts. 28% 4/29c; Pac V coasts, 294/ 37%c; west-rn white, 294/31%c; nearby brown, 23w® 35c. IS G.Y’OIOATE Dr:. J. R. Ncrrel Enters Race for Congress. Dr. James R. Norrel, Negro, of Indianapolis, today announced his candidacy for the Republican nomination for Congressman from the Seventh District (Marion County) Dr. Norrel was one of five candidates in the 1926 pirmary race for the senatorial nomination, polling 16.155 votes, 2,718 of which came from Marion County. Arthur Robinson won the nomination with 230,091 votes. “I have consented to be a candidate in order to do my bit in cleaning up Updike (Congressman Ralph E. Updike) and the remnant cf the Ku-Klux K’an,” Dr. Norril said in a statement accompanying his annonneement. The candidate said he favored modification of the Voltsead act, an anti-lynching bill, and a ‘ bill to enforce the Thirteenth, Fourteenth end Ffteenth Amendments to the Constitution which have been violated for over half a century.” WHOLESALE PRICES UP Index Figure Shows Slight Advance in Past Four Months. I’jl t nited Press WASHINGTON, March 20. Wholesale prices have advanced slightly for each of the past four weeks, according to the index compiled by the National Fertilizer Association. The advance last week was only one-tenth of 1 per cent and was due largely to textiles and foods. Based on 449 commodities and 1926 as 100. the index stood at 5.4 per cent for the week ended March 17. Building Permits _ 42 D j r ohnsom SmS!' * nd RaraßC ' s3l0 ISene Oolay ’ Kara * e ' 1510 Prospect, Puritan Finance Company, repair. 1031 W. Twenty-Seventh. S3OO. William P. Jungclaus, storeroom. 841-51 Massachusetts. $4,001. F. B. Grace, dwelling and garage. 716 N. Arlington. $5,500. W. B. Rossetter. stove front, 3764 N. Illinois. $5,000 W. S. Blue, dwelling and garage. 4236 Gra/eland. $2,500. W. C. Richardson, tank and pump. 32024 E. Market S3OO. Klee & Schrciber. dwelling and garage. 5644 Washington Blvd.. *6.300. Sam Reed, furnace. 1648 Columbia. $350. John Daugherty, furnace, 1337 Olive, $454. James Alby, dwelling and garage. 5852 N. New Jersey. $6,300. Edith D. Venn, dwelling and garage. 5220 Kenwood. $8,500. George w. Price, garage. 41 N. Webetsr, 5350. W. G. Miller, repair. 2402 N. Delaware, M. L. Bowlby, addition, 75 N. Whittier. SSOO. Sinclair Refining Company, shed. 325 W. Pratt. S3OO.

Lauds State for Literary Men, Not for Night Dances

Nicholson Recalls 'Golden Age of City’ in Talk to Men’s Club. Meredith Nicholson, noted Hoosier author, would have been a great maritime lawyer if Indianapolis hadn't been so far from the sea. At least that is what he told members and guests of the Men’s Club of St. Paul's Church in a lecture in the church hall Monday night. The subject of the writer’s discourse was "The Golden Age of Indianapolis.” That was in Nicholson's youth when the city was full of poets and statesmen. Nicholson traced his career from the time he arrived here from Crawfordsville, through his graduation “from the fourth ward,” into law, journalism and literature. The contacts that he made he used to give his audience a glimpse of the “Giants of those days.” Gained Fame Before 1900 “It is erroneous to suppose that Indiana gained fame for literary attainment only in the last thirty years,” he said. “There has always been great writers in the State. In the post Civil War days apd later there were poets and newspaper men of first rate accomplishment.’James Whitcomb Riley, his personal friend for twenty years, he left as the last to whom to pay tribute. He recalled vividly the great Hoosier poet, both on and off stage. “There should be a law preventing anyo.:T<j from reciting Riley's poems

PROFIT-TAKING KILLS UPTURNS IN GRAIN MART Prices Depressed to Level of Previous Close on Chicago Board. P4l United Press CHICAGO, March 20. Heavy profit-taking kilted early rallies in all grains on the Board of Trade today, and depressed prices to arouncV Monday’s closing level. Stronger foreign cables, and reports of export business sent wheat into its early bulge. Profit-takers immediately assaulted the market, however, and a wave of sales killed the rally. After the first heavy selling good support developed, and tho undertone continued firm. Fine weather over winter wheat fields was a strong factor in the decline. Reports ot export business in corn caused the early upturn in that grain. Commission house buying supported the bulge for a time, but realizing sales soon broke the rally, and depressed all futures. Oats rallied early in the day. but sold off readily with other grains. Reports continued of seeding large abandoned winter wheat fields to oats. Chicago Grain Table —March 20— W'HEAT— Prev. High low. 12:00 close. Mr 7 1.30% 1 38% 1 38% 1.38% July 1.36 1.35% 1.35% 1.35% September ... 1.34% 1.33% 1.33% 1.33% CORN— Mav 1.01% 100% 1.00% 101 July 103% 102% 103 1.03% September ... 101% 103% 1.04 1.04% OATS— Mnv .53% .53 .57% .58'* July 53% .52% .52% .53 September ... .47 1 a ... .46% .47% RYEMzv 1.21% 1.20% 1.20% 120% July 1.15 % 1.14% 1.14*8 1 14'4 LARD— March .... 1147 Mav 11 80 11.77 11.77 July 12 10 12 07 12.05 Sept~ r "ber .. 12 35 .... 12 35 12.32 RIBS - Mev 11 67 .... 11.67 11 50 July 12 00 11.95 11.30 By Times Spreinl CHICAGO. March 20—Carlots: Wheat, 71; corn. 280. oats. 81. rye. 5. JEWELERS AT PARLEY City Firms Weil Represented at Chicago Convention. Indianapolis jewelers are represented at the second annual convention of the National Association of Credit Jewelers which will close tonight at the Drake Hotle, Chicago. Indianapolis men attending the meeting are Maurice Tavel, president of the Crown Jewelry Company; Leonard Frankel, the H. H. Mayer Company; Leon Levy, the Kay Jewelry Company; Aaron Drosdiwitz. Dee Jewelry Company; Elmer Sussman, Sussman Jewelry Company; Adolf Blickman, Rogers & Cos.; J. F. Huffman. Craft Manufacturing Company; Kurt Schmidt, Dennison Manufacturing Company; Jacob Goodman and Buster Goodman. DRAW SCHOOL PLANS Architects for Four New Buildings Instructed to Proceed. Architects selected for four new school buildings and additions have been notified by Albert F. Walsman. school business director, to proceed with plans and specifications. The State tax board last week issued tentative approval of a 5600,000 bond issue for the buildings, with the provision plans and specifications call for open bidding on heating and ventilating. Architects’ fees will be transferred from the new building fund. Architects are Donald Graham, School 47; Harrison & Turnock, School 66; Robert Frost Daggett, School 43, and McGuire & Shook. School 80. Proposes Purchase of Railroad Vy l nited Press WASHINGTON. March 20.—The Great iNorthern &; Northern Pacific Railways which are seeking Federal authority to unify their systems today submitted to the Interstate Commerce Commission proposals for purchase of the 1,627-mile line of the Minneapolis <fc St. Louis Railroad by the proposed Great Northern Pacific Company.

before persons who have heard the great poet himself recite them,” he asserted. “He had a gift of making his poems live as no one else will ever be able to do.” Praises Riley, Mark Twain Pointing out that his own formal education was slight, Nicholson asked the question : “I wonder what would have happened to Riley or Mark Twain if they had gone all the way through the schools? “Mark Twain’s college was the Mississippi River and he took all the courses. “It is a sad commentary that after all the thousands of dollars that we in Indiana have spent for our schools that our people should strike the slump that they did a short time ago and forget their own great heritage. Deplores Bed Clothes Parade “Despite their education they got up at night and putting on the bedclothes went out dancing in cornfields trying to scare somebody. It would have been better if they stayed home and studied the Constitution and the Bible. “I have never heard of either of these teaching us to hate neighbors who differed with us in rade, color or creed.” In closing the speaker expressed great hope for a revival of genuine learning and culture in Hoosierdoom. based on the splendid traditions of its “golden age.” “Here in this State we have intelligence enough if applied, to make it a groat testing laboratory for democracy. Should we fail, the democratic experiment will receive a tremendous setback.”

Commission Row

TRICE TO RETAILERS FRUITS Apples—Fancy barrel apples, seasonable varieties, SBCq)U; fancy basket apples, seasonable varieties, $2.25<fi3.25 40 lbs.; choice box apples, seasonable varieties. $3,254/5. Grapefruit—Florida, $3.75®6.50. Grapes—California whites. $7.50 keg. Lemons—California. $5.50/;6 crate. Limes—Jamaica. $3 per 100. Oranges—California navels, [email protected] crate; Florida. $5.25®7.50 crate. Pears—Washington D’AnJous. $3.50 half box. Pineapples—Cuban, $9 crate. Strawberries—Florida. 50ftt55c quart. . VEGETABLES Artichokes—California. $1.75 dozen. Asparagus—California, 90c doz. Beans—Southern, $6 hamper. Beets—Texas. $3 bu.: home grown. $1.75. Broccoli—Texas. $3.50 bu. Brussels Sprouts—3si/40c lb. Cabbage—Holland seed. 2(5 2%c lb.; Texas. 4<ft,4%c lb.; red. 4@4%c lb. Carrots—Cal.. $4.50 5-doz. crate; homegrown, $1: Louisiana, $1.75. Cauliflower -California. $2.25®2.50 crate. Celery—California, $7.50 crate; Florida. $3.75 per crate. Celery Cabbage—s2.2s4l2.so doz. bunches. Cucumbers-Indiana hothouse, $2.25'u3 for box of 1 doz. Eggplant—H. G.. $2(82.50 doz. Endive—slso® 1.75 doz. bunches. Kale—s34/3.25 barrel. Leek—7sc bunch. Lettuce Arizona, head. $3.75®4 per crate; hothouse, leaf, $1.50 15 lbs. Mushrooms—sl.7s. 3 lbs. Mustard—Southern. $2.50 bu. Onions—Spanish. $3.50 crate; Indiana red or vellow, $5®5.50 100-lb. bag Ovsterplent—is*doz. bunches. Parsley—6oc doz. bunches: Southern 75c bunch. Parsnips—sl.so bu. Peas—California telephone, $7 hamper. Peppers—Florida mangoes. $5.50 crate. Potatoes—Michigan white. $4.25. 150 lbs.: Minnesota Red River Ohios, $3.35, 120 Iks.; Idaho. 53.25, 110 lbs.: Florida Triumphs. s4® 4.50. 50 lbs Radishes—Hothouse, button. 90c® sl. Rutabagas—Canadian. S3 per cwt. Rhubarb—Hothouse, 65®85c 5 lbs. Shallots—6ol/65* doz bunches. Spinach—Texas. $1.25 bu. Sweet Potatoes—lndiana Jersey mediums. $2.75 bu.: Indiana Jerseys. $4 bu.; Nancy Hall, $2; hamper; Porto Ricans, $2 bu. Tomatoes—California, sß® 9 six-basket crate. MISCELLANEOUS Cider—s4.so 6-gal. case; $4.75 doz. halfgal. lars. Cocoanuts—s6.so per 100. Garlic—22c per la. Ovsters—Standards. $2.50 gal. Sassafras—2s® 30c doz. bunenes. SEED STOCK Onions—White sets. SB. 2 bu.: red. SB. 2 bu.. yellow. $6, 2 bu.; Bermuda plants, white or yellow. $4.50 crate of 6,000. Potatoes—Main coblers. $5.50 150 lbs.; Red River Ohios. $3 40 120 lbs.: Minnesota Triumph//. $4.10; 150 lbs. Sweet Potatoes—Selected Indiana Jerseys. $3 bu : Indiana Jersevs. $2.50 bu

THE CITY IN BRIEF

WEDNESDAY EVENTS Outdoor Advertising Association TriStnte meeting. Sever)n. all day. Indiana Hexail Club convention. Claypool. all dav. Kiwanls Club luncheon. Clavpool. Junior Chamber of Commerce luncheon. Chamber of Commerce. L/ons Club luncheon. L.tncoln. Purdue Alumni Association luncheon, Severin. Lambda Chi Alpha luncheon. Board of Trade. Indianapolis Round Table luncheon. Lincoln. American Plasterers' Association luncheon. Severin. Indianapolis Credit Men's Association, iron, steel and building supply gioup meeting. Severin. 4 p. m.: dinner. 6 p. m. Bible Investigation Club dinner, Y. M. C. A.. 6:15 p. m. National Association of Cost Accountants dinner. Chamber of Commerce. 6:30 P. m. Master Barbers' Association meeting, Severin, 8 p. m. Fast Pocahontas Association No. 1 will meet at 8 tonight, at the home of Mrs. Harley Hopkins, 328 Bright St. Harry Thompson of I.awrenceburg, Ind., wanted on a Federal charge of stealing from an interstate freight car shipment, is in the Marion County jail awaiting hearing. He was returned from Covington, Ky., where he recently finished serving a liquor sentence. He is alleged to have stolen cigarets and other merchandise worth slll from a Big Four freight car. The fifth annual pre-Fastcr banquet and evangelistic service of the Third Christian Church, held each year to arouse interest in Easter observance, was attended by more than 800 persons, Monday night. William E. Bell was toastmaster and the devotional service was led by the Rev. Thomas W. Grafton, former pastor. Addresses were given by the Rev. William F. Rothenburger, pastor; the Rev. William A. Shullenberger, pastor of the Central Christian Church, and Evangelist Jesse M. Bader of St. Louis, Mo. Sutherland Players, members of the Sutherland Presbyterian Church, will present a three-act comedy entitled “Oh, Kay,” at the church, Twenty-Eighth and Bellefontaine Sts., tonight and Wednesday night. Norman Green directs the cast. President G. M. Williams, of the Marmon Motor Car Company, will speak at the weekly luncheon of the Indianapolis Real Estate Board, at the Chamber of Commerce Thursday noon. The Rev. Homer Boblitt of Linwood Christian Church will tell of his experiences in Russia with the American Army during the World War at a meeting of the Bible Investigation Club Wednesday at 6:20 p. m., at the Y. M. C. A. Births Girin Harry and Gertrude Mason, Methodist Hospital. Arthur and Mae Grelg. Methodist Hospital. William and Esther Maschmeier. 2205 Winter. Polk and Freida. Crane. Coleman Hospital. Lois and Gertrude Starks. 2401 N. Arsenal. John and Cecil Whalin. Christian Hospital. Lotus and Pearl Rice. 1103 Ewing. Boys Harry and Anna Zemer, Methodist Hospital. Earl and Esther Myers, Methodist Hospital. Robert and Emma Burnett, Coleman Hospital. cLon and Inez Shepherd, Coleman Hospital. Alonzo and Beulah Roush, Methodist Hospital. William and Ruth Ktngery, Methodist Hospital. Sam and Ethel McNutt. 1012 W. ThirtyFifth. Ance and Sallie Williams. 452 Agnes. Carl and Henrietta Hofmelster, Methodist Hospital. Reasel and Lizzie Ashmore. 2326 Bellefan taine. Wilbur and Ida Rusie, 5737 Ratvles. Deaths Henry Kelly, 71, 520 E. Vermont, arteriosclerosis. Ellen Wallace. 58, 520 E. Vermont, lobar pneumonia. Leo Faulhaber. 61, 1135 Pleasant, carcinoma. Stephen Hawkins, b 5, Long Hospital, chronic myocarditis. Caleb Mann. 25, 2221 Lexington, lobar pneumonia. John M. Updike, 72, Central Indiana Hospital, chronic myocarditis. Irene Mildred Foster, 22. Christian Hospital. acute dilatation of heart. Margaret A. Chase, 73, Methodist Hospital. accidental. Reuben Washington. 21 929 W. Eleventh, acute cardiac dilatation. Clara L. Chavis, 65. Central Indiana Hospital, broncho pneumonia. Lawrence Duffv, 50, Central Indiana Hospital, cerebral hemorrhage. Nannie English Baker. 78. 860 College, Burt J. Gilmore, 64, Methodist Hospital, acute cardiac dilatation. Cora E. Betty, 11, city hospital, meningitis. William Carl Roberts 47, city hospital, ac"*“ nep v '"'t.is. Arvine Habaush, 4, 1608 W. Riverside Dr., meningitis. James Wesley King. 1 month, city hospital. broncho pneumonia. Oather Willie Eosey, 32. City hospital, lobar pneumonia.

COTTON OUTPUT LOWERINI927 Census Ginning Figures Report Smaller Crop. Pit United Press WASHINGTON, March 20.—The Census Bureau today reported 12,777,505 running bales of lint cotton ginned and to be ginned from the crop of 1927, against 17,755,070 bales ginned from the crop of 1926, and 16,122,516 from the crop of 1925. Ginnings for the season are 12,950.473 bales of 500 pounds gross weight which compares with the final crop estimate of the Department of Agriculture of 12,789,000 bales. Production in the 1926 season was 17,977,374 bales of 500 pounds gross and in 1925 it was 16,103,679. According to the census bureau there remained 161,473 bales to be ginned according to ginners’ estimates after the March canvass, against 234,041 bales trom the crop of 1926 and 80,882 from the crop of 1925. Corrected ginnings to Jan. 15 were as follows: Alabama, 1,169,237; Arizona, 81,201; Arkansas, 940,717; California, 80,096; Florida. 17,278; Georgia, 1,103,583; Louisiana, 540, 799; Mississippi, 1,328,162; Missouri, 105,042; New Mexico, 64,195; North Carolina, 857,697; Oklahoma, 979, 279; South Carolina, 730,036; Tennessee, 339,962; Texas, 4,130.660; Virginia, 28,445; all others, 5,456. Total 12,501,845 bales.

MOTION PICTURES

SSKOURAS • PUBUX~THEATRE_Sig f? T* R-R-Rah’. \ J L L- Ji Collegiata / T hQ if Joy and Jazz'. k £ J? Charlie Davis Vi £ ff “Campus | J Jaxx” fr Hr Hey! Hey! Dancing |£ Freshmen! Prancing £ V/ Sophs! Beautiful Co- *"< j eds! And REAL Acts! V I On tho Screen / H! “High \\ School fi 1 Here'” Jj T /> ThrlUa! if . C s°h n % Z' jj * SC jjjj §! CHANEY * 4, Tlie Man of a Thousand Jj L A Fa* 's” In another triumph— [, H“Tfee / BIG CITY” p A vivid drama of human 1, hearts! You'll thrill to .> G” 7 the whirl and peril of \ . night life In a great rlty f r- —grim, mysterious, bnt . Ne human! |L Where the Shamrock* Yw / Grow. L “Irish Rhapsody” -Y KD RESENER DESSA BYRD^ yJ^PARROTj Mand His Bond H Jimmie Hatton (what%Dl&c V Soloist.

n/imm Wallace Raymond BEERY & HATTON "PARTNERS IN CRIME” * • • • Hal Roach Comedy Fox News

AMUSEMENTS —MUTUALBURLESQUE THEATRE THE BIG REVIEW WITH “JERRY” The Shimmy Shaking Girl With TT”

-MARCH 20,1928

AMUSEMENTS

I ENGLISH’S [ sl.lO BEST SEATS sl.lO ■©> ROBERT B. * GENEVIEVE ■%. (MKTEIi! HAMPER Tonight. "Hamlet" (Conventional). Wed. Matinees, “A* You Like It.” W'ed. Night, "Julius Caesar." Thurs. Night, "Richelieu." Fri. Night, "Macbeth.” Sat. Matinee. "Julius Caesar.” Sat. Night, "Merchant of Venice.” Prices All Performances: Orch., $1.10; Bale., sl.lO A 15c; Gallery, 50c.

Com. SUNDAY NIGHT Twice Daily Thereafter at 2:15 and 8:15 SEATS READY THURSDAY SPECIAL RETURN ENGAGEMENT of the Supreme Dramatic Spectacle Immense Symphony Orchestra 100 Great Sets 18 Stellar Players 590 Name Parts 5,000 Extra People Cost $2,300,000 Eves., 50c to $1.65 Daily Mats., 50c to sl.lO

PASXCE Penn. St. Continuous at Market. tl a. m. to 11 p. m. h. EXACTLY O AS WE SAID! Q jSARVELGUS! | Hi JOHN —- = GILBERT = AND GRETA “ = GARBO = Zm IN THEIH LATEST = ‘LOVE’ = i~*~' AND ON TILK STAGE fZZ “ST ARLAN TV’ ——• FROM CAPITOL THEATUU, N. V. ~ TEDDY = MJOYCE □ fr ROME & BUNN 3 SI 11 GPS AND GYPSY WILL BYRNES CRiSS CROSS 9 r M I giddy GIRLIES ■ PALACE CONCERT H ORCHESTRA T-l ■ EMIL SEIDEL ■ Lester Huff at the [I H These “Locw" Prices JSS ■ J 1 u. ill. Ito oto I V ■ tgi 6 p.m. Close !■ b 2t)C 3oc )Gc ) jtjj ■ J Ni *mi Tri ■

STAR of STAGE and SCREEN Mabel Taliaferro IN PERSON Presenting ‘The Women I Might Have Been’ Shriner & Gregory Five Cardinals Irving & Chaney Bud Snyder & Cos. Winchester & Ross Special Added Feature OLD FIDDLERS VS. JAZZ PRICES Evenings. Sundays Matinee a,,d Holidays Until 6P. M. Low " Flo0 r r n and Boxes, 50c All Seats, 25c Balcony, 25c

HEITHSI

Tuesday and Wednesday Only MISS PATRICOLA “The Scintillating Melodist” In a Cycle of Character Nongs MIACAHCA HARRIS & PEPPER ANDERSON & GRAVES GERBER GAIE lES Other Features and “MIDNIGHT MADNESS” With JACQUELINE LOGAN CONTINUOUS 1 TO 11

MURAT T ,r“„ The Smurt Musical Comedy | Julia Sanderson—Frank Crumit I and the Gamby-Halo Girls Nltes, $3.30 to sl.lO. Sat. Mat., I

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