Indianapolis Times, Volume 39, Number 299, Indianapolis, Marion County, 11 April 1928 — Page 15

AJ/iiiL 11, ijjo.

SPECIALS SGORE GAINS; LEADERS DECLINE IN LIST Call Money Drops to 5 1-2 Later in Day; Stocks Make Comeback.

Average Stock Prices

Average of twenty industrials Tuesday was 209.23. off 2.30. Average of twenty rails was 142.14. off .84. Average of forty bonds was 99.32. off 03. Jill T'nited Prim NEW YORK, April 11.—Leading issues felt further pressure in today's early stock dealings, the decline led by Steel common and Radio, while further gains were scored by special issues in various sections of the list. The selling was orderly and did not at any time take the form of liquidation. Dealings were still on an active scale although there is a tendency to await the outcome of the recent money stiffening. U. S. Steel turned over in large blocks, losing a point to 145 U. Later, however, it rallied sharply to 145%. Wright Aero sold down 1 : H to 1201a. General Motors held strong at the opening with a gain cf % at 190%, but it latter sagged to 190, where it held steady. Other motor shares were mixed. National Biscuit Strong National Biscuit was a strong spot, rising 4TA to 174 7 A. American Drug Snydicate rose % to 15 in active turnover. Oils were firm, while rails were quiet. Tobacco issues under the lead of American Tobacco were higher. Describing the market the Wall Street Journal's financial review said today: "Continuation of Tuesday’s selling movement was influenced in the early dealing by nervousness over credit conditions, and disappointed over the fact that weekly car loading figures reflected no improvement in general business. “Some necessities liquidation also took place as a result of the previous day's declines and the leaders generally showc drecessions on initial transactions. Steel sold off a point to 145 Vi: Montgomery Ward, 1-"A to 139%; International Nickel, % to 88 %, and General Electric, % to 152.” Call Money Drops Easier call money, the rate dropping to 5% per cent from the renewal figure of 6 per cent as large supplies flooded into the market caused a sharp i-ally in the late morning in stocks. General Motors led the market with a gain of 4 points to 194, and other issues made corresponding recoveries. Radio was up 414 at 180%; Timken Roller Bearing up 4 at. 132; Montgomery Ward up 1 at 141 Ts; Mack Truck 2,atDl%; Biscuit 4% at 174%, ar.d Edison up 7 at 258. Local Traction issues were bid up sharply with I. R. T. rising 3 points to 53, and Brooklyn Manhattan Transit 4 points to 73 i. Buying in the latter issues was based on the expectation of a 7-cent fare for the roads.

Banks and Exchange

INDIANAPOLIS STATEMENT local bank clearings today were $1,157,000. Debits were $7,130,000. CHICAGO STATEMENT Bn rifrd Prraa CHICAGO. April 11.—Bank clearings today were $127,000,000. Clear house balance was $19,700,000. FOREIGN EXCHANGE Bn i'nited TV. *s NEW YORK, April 11.—Foreign exchange opened steady. Demand sterling. $4.87 13-16. off .001-32: francs. 03.93'ic; lira. 05.27%: belga, 13.96'ic, up .OO'/ac; marks. 23.90',ic. LIBERTY BONDS Bn I nitrd Press NEW YORK. April 11.—Liberty. 3 1 bs opened at 5101.6: Ist 4Us, $102.16: 3rd 4Vis. $100.12, Off 1; 4th 4',s. $103.12, up 3. TREASURY STATEMENT B n 1 nitrd Prrsa WASHINGTON. April 11.—The Treasury net balance for April 9 was $411,569,401.31. Customs receipts this month to April 9, were $14,458,664.00. ADMITS CAFE HOLDUP Greensburg Youth Involves Pal in Kcrcashcff Robbery, Police held two 21-year-old Greensburg youths, Earl Davis and Joseph Porter, on robbery charges today. Davis has confessed that he acted as chauffeur Sunday night while Porter and another youth held up the Kercasheff restaurant, 341 Virginia Ave., and the Great Eastenr Hotel, 460 E. Washington St, Detectives Englebright and Hubbard said. Davis was arrested later driving a stolen automobile the wrong way around Monument Circle. He wore a holster without a gun.

DANIELS ||As|iClsy PT sTock sale Everything Must Be Sold to the Bare Walls! 500 Pairs Men’s Good quality, everyday socks. Better come early—while they last STOREROOM COR. WASHINGTON AND DELAWARE STS.

New York Stocks

—April 11— Railroads— Prcv. High. Low. 12:00 Close. Atchison 191 .... 191 196 Balt & Ohio ..117 116% 117 117% Can Pac 2091i 209% 209 Chi & Alton .. 71a 7'a 7% Chi & N West.. 86 .... 86 86 Chi Grt West.. 12'/a .... 12% 12Vi C R I & P.... 115 .... 1141a 114% Del & Hudson.. 18 Hi ... 180% 181 Erie. 58% 58fc 58% 58% Erie Ist pfd .. 58% .... 58% 58% Grt Nor pfd....100% .... 100 100% Lehigh Valley .. 96% .... 96% 97 K C South ... 59's 58Va 58% Lou & Nash 151 M K & T 37% .... 37% 57-% Mo Pac pfd.. .112 112 112 IN Y Central.. .177% 177 177 N Y C & St L.. 140 139 140 139 NY NH & H 62% 62% 62% Nor Pac 99 V.i 99 99% Nor & West 187% Pere Marq ...146 140 142 DP’s Pennsylvania .. 69% 69% 69% 69% P & W Va .... 150% Reading 110 109% HO 110% South Ry 146% .... 146% 146% South Pac ....122% 122% 122% 121% St Paul 32% 32% 32% St Par] pfd 44 44 44 St L & S W... 83% 83% 83% St L & S P 118 Texas & Pac 135% .... 135% 138% Union Pac .... 195% West Maryland.. 48 .... 47% 48% Wabash 78 .. 77% 77% Wab pfd ' 95 Rubbers— Aiax 10% 10% 10% Fisk 15% 15% 15% 15% Goodrich 82 . 81% 82 Goodvear 52% .... 52% 53% Kelly-Spgfld ... 21% . .. 21% 22 lee 18% United States 44% 43% 44% 43% Equipments— Am Car & Fdy..losU 105% 104% Am Loc 108% . ... 108% 108% Am Stl Fd 64 63% 64 64% Bald Loco 273 Gen Elec 153 151 152% 152 Gen Ry Signal.. 97% 96 97% 96% Lima Loco .... 56 .... 55% 55% N Y Air Brake.. 46% 45% 45% 45% Pr Stl Car 22% Pullman 83% ... 85% 65% Westingh Air B. 51 . . 50% 51% Westingh Elec ..104% 103 101%; 103% Steels— Bethlehem 53%' ... 58% 53% Colorado Fuel.. 74% ... 74% 74% Crucible 37 .. 37 86% Gulf States Stl.. 58% 58% 58% 58% Inland Steel 52 Phil R C & 1 31% Rep Iron & Stl.. 60% ... 60 60 Sloss-Sheff 118% U S Steel 146% 145% 146% 146% Alloy 30 29% 30 30 Youngstown Stl.. 86% ... 86% 88 Vanadium Corp 87 Molars— Am Bosch Mag.. 26% ... 23% 26 Chandler ....... 17 17 Chrysler Corp.. 71% 70 70% 70 Conti Motors.. 12% 12% 12% 12% Dodge Bros 20% 20% 20% 20% Gabriel Snbbrs. . 19% 13% 19% 18% General M0t0r5..194 139% 194 190 Hudson 91% 90% 91% 9t Hupp 54% 53% 54% 54 Jordan 12 Mack Trucks. .. 91 89% 91 39% Moon ... ... 6% Motor Wheel... 31% ... 32% 32% Nash 88% .. 37% 00% Packard 70% 69% 69 70% Paige 33% 32% 33% 32 stuae Cor 66% 65% 66 66% Stew Warner.... 89% ... 88% 89% Stromberg Cart.. 60 .. 60 61% Timken Bear.. . 127%. 127 127% 128 Wlllys-Over 27' 27 27% 27 Yellow Coach.. 21% ... 31% 31% White Motor... 34% ... „ 34 34% alining— ' Am S & Rfg. .186 ... 185% 185% Anaconda Cop.. 70% 69% 70% Cal & Ariz 101%. 101 101% 100% Cerro de Pasco 68 67% 67% 67% Chile Cop 42% 42% 42’-. 42% Greene C Cop. .130% . 129% 129’, Insp Coo 23% 23 % 23’. 22% Int Nickel 89% 88% 39% 89 Kenne Cop 86% 86% 86% 86% Magma C0p.... 50% . 49% 49% Miami Con. . . 19 ', 19% 19% 19% Texas Gulf Sul 74% 73% 74 73% U S Smelt.... 42% .... 42 42% Oils— Atl Rfg 121 120% 121 120% Cal Petrol 27% 27% 27% 27% Freeport-Texas.. 83% 32% 83 " 83% Houston Oil 152% 151 152% 152% Todn Oil A- Gas 27% ... 27% 27% Marland 0i1... 40% ... 40% 40% Mid-Cont Petrol 28% ... 28% 28':. Lago Oil Ar Tr ' 31% Pan-Am Pet 'B I 45% 45% 45% 46 Phillips Petrol .. 40% . . . 40% 40% Pro & Rfgrs. .. . 21% ... 21% 21% Union of Cal... 50% 50% 50% 50% Pure Oil 23% ... 23% 23% Royal Dutch . 43% 45', 45% 45’, Sho'l 27 ... 27 27% Simms Petrol.. 23 ... 23 22% I Sinclair Oil .... 27% ... 26% 26% Skelly Oil ... 30’, . . 30% 31 Std Oil Cal 53% 58% 58% 58% Std Oil N J..,. 40’, ... 40% 40% | Std Oil N Y.... 30% .... 30-% 30% Texas Corp ... 54’, 54% 54’, 54% I Transconi,l .... 9’, B’, 9% 8% 1 Industrials— Adv Rumelv ... 19 ... 19- 18% Allis Chalmers .121 ... 121 121 Allied Chemical 157% .. 156’ • 157 1 Armour 1 A) . .. 13% 13% 13 v 3 Amer Can 85 84% 85 85 * Am Hide Lea 14% Am H L pfd 56 Am Linseed ...101% 97% 101% 101% Am Safety Raz.. 66 ... 64 65% Am Ire 38% 36% 36% 35’, Ora Wool ... ... 22 ' - Curtis 73% 72’, 73 73% Coca Cola 156% .. 165% 156% Conti Can 108 106’, 101 107 Certain-teed 55% Congoleum .... 27% ... 26% 27 Davison Chem.. 45% 44% 45% 44V, Dupont 279 . * 279 281'% Famous Players.l29ii , . 119% 120 Gen Asphalt . . 86' 85 86% 87% Int Bus Meh... 128% 128% 126% 126% Int Cm Engr.. 49% ... 49% 49% Tnt Paper 76'% ... 76% 77 Tnt Harvester.. .247 . 247 247 Lambert 109’, 108% inn% ior% Loews . 70 ... 70 70 Kelvinator 21 20% 21 20'!: Mortpom Ward. DO ... 139% 140% Natl C R 56’, 56% 56’, 56% Pittsburgh Coal. 45’% ... 45% 45 Owens Bottle 84% Radio Corp 177 173 176% 176% Real Silk 28% ... 28 27% Rem Rand 27% .. 27'', 27-% Peers Foph"rk.. 09% on% 88% 100 Union Carbide .151 150’:, 151 149% U R leather ... 32% 32% 32% 33% tlntv Pi”" 23% .... 23% 23% Tt 8 Cs Ir Pine .266 265 266 261 IT S Indus Alco .115 115 115'', Wright i29% 126% non 122'', Weoh-nrth Cos ..189% 189% 186% Utilities*— Am Tel & Tel .. .131 V, . .. 181%, lat Am Express , 181 - Am Wat wks .. 57% 56'. 57% 57 Prkvn-Manh T. 73% 70% 73 69% Uni <r? A- E 96 95% 96 95% Consol Gas I*2 Elec Pow & Lt... 37% 37% 37% Tnterboro 50% RO 50’, 50 Nor Am Cos. ... 65% 65 65% 65", Montana 165’', .... 165% 165 Peoples Gas . . 169 168 169 168% So. Calif 45% 45% 45% Sid Gas *E! .. 64% 64% 64% 64% Utilities Power. 31% 31% 31% West Union Tel. 163 Shinping— Am Inti Com 94 Atl Gulf & W I 42% 41 % 41% 41 Am Ship As Com 7% .... 7% 7% Int! Mer M pfd 40% 39% 40% 39 United Fruit 140 Foods— Am Sug Rfg.... 70 ... 70 70 Austin Nichols.. 5% 5% 5% 5% Beechnut Pkg ... ... 80 California Pkg.. 75’, ... 75% 75% Corn Products' .. 76% ... 76% 76".; Cuba Cane Su p*26% ..: 26 26% Cuban Am Sug. .. ... ... 26V, Fieischmann Cos. 73 72% 73 73% Jewel Tea 84V, ... 8411 84% Jones Bros Tea. .. 28 Natl Biscuit 171% 170 171% 169 Postum Cos ...123% ... 123% 123% Ward Bak IB) 21% ... 21% 22 Tobaccos— Am Sumatra... .. ... ... 55 Am Tobacco ...171% 169% 171% 167’4 Am Tob (B) ....171V, 167% 171 167 V Con Cigars .... 86% ... 86'% 86 General Cigar 70%

(By Thomson & McKinnon)

Lig & Myers ..106% ... 106% 106'4 Lorlllard 42 41 %• 42 4191 R J Reynolds ..141% ... 141% 141 Tob Products B 1121% ... 112 112', United Cigar St 31 ... 31 30% Schulte Ret Strs 63% ... 63 63%

Produce Markets

Butter (wholesale price)—No. 1, 4851' 49c; No. 2. 4647,47 c lb. Butterfat 'buying price)—46c lb. Cheese i wholesale selling prices, per pound—American loaf, 32w 35c: pimento los\f, 344t37c; brick loaf. 324/Ssc; Swiss. 39 w 12c: Wisconsin flat. 274/ 39 c; print cream. 25@27c; flat display. 26f27c: Longhorn. 26%®27c; New York llmberger. 30% 4?.32c. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off, 24©25c. Poultry (buying price) Hens. 224)24c: Leghorn hens. 15 i 17c: 1928 spring. 1% to 1% lbs.. 3547 38c; 2 lbs. and up. 40c: Leghorns, 309 33c: old roosters. 12 9 13c; ducks. 15k/16c; geese. 804.10 c; guineas, old. 33 v.35c; young, 50c. till I nil'll Prru.i CLEVELAND, April 11.—Butter—Extra in tub lots. 46%'"48%c: firsts. 43%f.(45%c; seconds. 39% v4l %c: packing stock, 30 <in 32c. Eggs—Extras. 32c; extra firsts, 30c; firsts. 27%c: ordinary. 27c. Poultry Heavy broilers. 48 "50c: Leghorns, 38 40c: heavy fowls, 304/ 31c: medium stock. 299;31c; Leghorns. 244/26c; old roosters. 174? 18c; heavy spring ducks, 37 1/ 40c. Po-tatoes—lso-ib. sacks, round whites. Minnesota. Wisconsin and Michigan, $3.65./ 3.75; 120-lb. sacks Idaho russet Burbanks, $3.75: Texas triumphs. 100-lb. sacks. No. 1, ■55.75&6: Florida, barrels. Hastings. sl2.

NEGRO KILLED; DRIVERJS HELD Passenger of Auto Dies of Crash Injuries.

Melvin Hayes, 33. Negro, ol 1423 N. Talbott Ave., is held at the city prison today charged with involuntary manslaughter, and driving an automobile while intoxicated. Walter Porter, 25, Negro, of 721 Drake St., passenger in Hayes’ car when it struck a truck at 544 Muskingum St. Tuesday night died at CityHospital. Police found Porter unconscious in the wrecked automobile at Eleventh and Muskingum Sts. Hayes called police. He said his car had been stolen from Roanoke and Michigan Sts. and he was walking home when he found his car wrecked and the unconscious man in the rear seat. Later he admitted being the driver cf the car when it struck the truck owned by J. D. Clark, 543 N. Senate Ave. Walter Smith. 6, of 419 S. Alabama St., was cut about the face and head late Tuesday when he ran into the street and was struck by an automobile driven by Hugh Goble, 1343 N. Gale St. John Reddington, 11, of 1456 S. Belmont Ave., was cut about the face when an automobile in which he was riding with his brother, Bert Reddington, collided with a car driven by A. M. Gilligan. 1110 S. Richland St., at Oliver and Kentucky Aves. CENTRAL INDIANA 1927 NET INCOME INCREASES Sale of Indianapolis Properties Brings Decreased Revenue. LI it Timm Rpreial CHICAGO, April 11.—Central Indiana Power Company and subsidiaries, with transmission lines throughout the State, report consolidated operating revenues of $6,418,543 for year of 1927, compared with $8,616,310 in 1926, the reduction being the result of the sale of the company’s Indianapolis properties. The funds derived from tnis sale were applied to reduction of funded debt, resulting in an increase in net income available for dividends, this figure being $1,181,584 in 1927, compared with $1,169,834 in 1926. Detailed income statement follows: 1927 1926 Gross earnings $6,418,543 $8,616,310 Operating expenses and taxes 3.770,435 5.339,571 Net operating earnings $2,648,108 $3,276,740 Other income 200,033 309.168 Gross incme $2,848,141 $3,585,908 Interest charges 1,450.148 2.097.831 $1,397,992 $1,488,027 Amortization, etc. ... 216,408 318,192 Net income $1,181,584 $1,169,834 Dividends on preferred Stock 539,357 543.031 Balance $642,227 $ 626.803

. © Behind an investment in the Cities Service organization are total assets of more than $650,000,000. Os this amount: more than $550,000,000 is in plants, equipment, etc. In the last 12 years Cities Service Company's annual net earnings available for common stock and reserves have never been less than 13% on the average amount of common stock outstanding.

HENRYL. DOHERTY & CO. 428 Merchants Bank Bldg. T—4ll I Seod copy of your book "Serving J.OOu j Communities" and information about , Cities Service investment securities. I Name • I N Address j

WHEAT PRICES SHOOT UPWARD IN PITS TODAY Major Grain Soars Above 3 Cents at One Time; Corn, Oats Lose. till Ini ted Press CHICAGO, April 11.—Wheat futures shot into a spectacular upturn on the Chicago Board of Trade today, boosted by bullish government reports Tuesday on the winter wheat situation. Cora and oats followed the bulge. Tuesday's Government report, placing condition of the winter wheat crop at 68.8 per cent of normal, where 73.7 had been expected took the trade by sui prise. The opening developed into a mad scramble for wheat, led by frantic shorts who were taking it easy, believing they had doped the situation correctly from the recent mildly bullish private reports. The bulge was aided by cables that Liverpool had taken the reports seriously and had advanced sharply. Chicago prices soared 3% cent at one time, shorts snapping up enormous profit-taking offerings. A flood of buying orders from all parts of the country prevented a slump. Corn advanced sharply early in the day, in sympathy with wheat, but profit-taking cut down the gains. There were light receipts and strong cash demand from industries. Oats advanced with wheat, but sold off when corn dipped. Reports of damage from freezing weather aided the bulge. Chicago Grain Table —April 11WHEAT— Prcv. High. Low. 11p.m. closr. Mav 1.46' ■ 1.47% 1.47% 1.43' Julv .. 1.45% 1.44% 1.45% 1.42% Scot. 1.43% 1.42% 143 "a 1.10%. CORN— Mav 99% .99 99% .98% Julv 1.02% 1.02 1.01% Sept 1.03% 102 a 1.02% 1.01 ’a OATS - Mav 57% .57% .57 t .57’., J'llv 51'. 51% .50’* Sent. . 48% :45% .46% RYE— Mav 1.22% 122 1 22%. 1.21% Julv 1.1')% 1.17% 1.18% 1.16' . Sent. 1.12 ... Ill", 1.09 s i LARD— Mav 11.80 1177 11.75 Julv 12.07 12.07 12.07 Sent 12.40 .... 12.37 12 35 : RIBS ~ Mav 11.70 Julv 11.72 tin Time* Speeinl CHICAGO April 11 Cariots. Wheat. 209; corn. Ill; oats. 57; rye. 0.

ißy Thomson & McKinnon I NEW YORK. April 11. Cables are very strong this morning. The weekly weather report should lie Dullish. Nineteen and oiie-tmlf cents for October is a point at whirl; it is natural to expect profit. V.'c prefer to cal! it a trading market at. that level rather than get too enthusiastic. Births Bovs Rov ar.d Gladys Esarey. 4213 Sana-’cr Marcus and Belle Woodruff, Provident Hospital. Girls Gcorsc and Ruth Burrlow 1411 N. Ewing. Deaths Emma C Kitzstclner. 58. 850 E. Morris, hypostatic pneumonia. Marv E Dunn. 76. 925 N. De Quincy, chronic myocarditis. Samuel M. Mauck. 72. 109 W. Maple Rd . acute cardiac dilatation. Elkana J. Wright. 64. 1222 Folk, influenza Martha J Lester. 68. Centra! Indiana Hospital cerebral hemorrhage. Ciariee Harmon. 4 months. Riley Hospital. broncho pneumonia Urc Elizabeth Hardin. 51. 1021 W. New York, broncho pneumonia. Charlotte McGee. 15. 1227 Massacliusctt.. lebar pneumonia. lames Collier. 1. 317 Blake, broncho pneumonia. John Moore. 42. citv hospital acute parenchymatous nephritis. Itenrv R Klntmar, 82, 1613 Montcalm, chronic myocarditis. Mabel Vaughn Butler. 42, 144 Berkley Rd.. acute dilatation of heart. Wood O. Corv. 57. 127 W. Twenty-Sev-enth. cirrhosis of liver. Forest A. Newton. 43. 1003 Bellefontnine, diabetes Elizabeth Wolfhorst 15. Rilev Hospital, meningitis. Azalec Grav. 19. 433 W. Sixteenth, pulmonary tuberculosis. William Gllgour, 86. 2040 Ruckle, chronic nephritis. William E. Hardy. 70, Christian Hospital, carcinoma John Silburnagel. 69. 1431 S. Talbott, cardlo vascular renal disease Henry Losche, 77. 3112 S. Meridian diabetes mellitus. I .ester Cevats. 1 month. 201 N. Davidson, broncho pneumonia. Margaret Tittman. 74. 409 Villa, cerebral hemorrhage Charles Harlan Dcitchman. 63, 853 E. Morris, cerebral hemorrhage. Arthur C Rabourn. 45. 1274 W. TwentyNinth. pulmonary tuberculosis.

- Strolling on Easy Street

THE IxMJIAxNAi'ULiiS TiMEiS

In the Cotton Market

A LL other things being equal, a man can walk A through life on Easy Street once he has acquired the habit of building up an independent income through careful investment. You make your investment dollars work harder when you put them into Cities Service common stock which, at its present pri*e, yields you a net income of more than 8%. One thousand dollars invested in this security when first issued—seventeen years ago—with stock dividends re-invested monthly, would now be worth $13,400, and at the present dividend rate and price would give an income of $1097 a year—greater than the amount of the original investment. HENRY L. DOHERTY & CO. 428 Merchants Bank Bldg. Branch Offices in Principal Cities

Commission Row

rRKE TO RETAILERS FRUITS Apples—Fancv barrel apples, seasonable varieties. $74)9: fanev basket app'es, seasonable varieties, $2,754/3.25 40 lbs.; choice box apples, seasonable varieties. $3.50'.)4.75. Grapefruit—Florida. >3.50(3.6.75 crate. Grapes—California whites. $7.50 keg. Lemons—California, $5,504/ 6.50 crate. Limes—Jamaica. $3 per 100. Oranges California navels, $537 crate: Florida. $5.50'" 6.25. Pears—Washington D’Anious $3 75 halt box: Washington Sickle. $3.50 half box. Pineapples—Cuban, $9 crate. Strawberries—Alabama. $7.50. 24-quart case; Louisiana. $4.503 4.75. 24-pint crate. VEGETABLES Artichokes—California, $1.50 dozen. Asparagus-California. s4'" 6 per crate. Beans—Southern. $54/5.50 hamper; Texas stringless, $53 5.50 hamper. Beets—Texas, $3 bushel: home grown. 51.75. Broccoli—Texas. $3.50 barrel. Brussels Sprouts—3s4/ 40c lb. Cabbage—Texas. 4%4/ 5c lb. Carrots—California. S4 five-doz. crate; home-grown. $1: Louisiana. SI 75 bu. Cauliflower California. $2.50 "2.75; Oregon. $2.50 cralt. Celery Florida, $3,754)4 crate; California. $3.75 crate. Celerv Cabbage $2.2547 2.50 Cucumbers—lndiana hothouse. $2,25@3 for box of 1 doz Eggplant IT. G. $1,754/2 doz. Endive -$1.50 do/, bunches. Kale—s3.so barrel. Leek—7sc bunch. Lettuce -Arizona, head. sl4/4.50 per crate: hothouse, leaf, Si 35 15 lbs. Mushrooms—sl.7s. 3 lbs. Mustard Southern. $2 bu. Onions—lndiana red or yellow. $5 100-'b bag; Texas yellow. $4 cwt.; red, $5 cwt. Ovsterplant—4sc rioz. hunches. Parsley—6oc doz. bunches; Southern. 65c bunch. Parsnips-'Home grown. $1.25 bu Peas California telephone, $04)6.50 hamper. Peppers Florida mangoes. $5," 5.50 crate. Potatoes- Michigan white. $3.75 1.70 lbs : Minnesota Red River onios. $3.35. 120 lbs.. Idaho. $3.25, 110 lbs.; Texas, new. $6 cwt. Radishes—Hothouse. button. 90c35l South-rn long red. 25c. Rutabagas—Canadian. $3 per cwt. Rhubarb—Ca.Gorilla. $24/2 25, 20 lbs. •Shallots—6oc doz. bunches. Spinach I>exas, $15031.65 bu. Sweet Potatoes—lndiana jersey mediums. $2 75 bu.: Indiana Jerseys, SI bu.; Nancv Hall. $2- 2.25 hamper. Tomatoes—Calilornia, 56.50u7.50 SiXbasket crate. MISCELLANEOUS Cider--$4.50 0-gal. case. $1.75 doz. halfgal. jars. Garlic -22 c per lb. Sassafras— 253 30c doz. bunches. SEED STOCK Onions--White rets. $7.50. 2 bu.; red. $7 50. 2 bu.; yellow. $5.50, 2 bu.: Bermuda plants, white. $3.25 per crate oi 6.000;, yellow. $3. crate o! 6.000. ■ Potatoes- Malt) '■omer.''. $1.50 150 lbs ; Red River Ohios. $3.50. 150 lbs.; Minnesota Cobblers. $4.25. 150 lbs.: Earl" Rose. $4. 150 lbs ; Cer.ifled Red River Chios. $3.75, 120 lbs. Sweet Potatoes— Selected Indiana Jersevs. $3 bu.: Indiana Jerseys. $2 75 bu.

Indianapolis Stocks

—April 11— Bid. Ask. Amer Central Life 600 Belt R R Si S Yds com .... 69 72 Belt It R A- S Yds pfd 60 Cent I net Power Cos pfd .... 99% 101% Circle Theater Cos com 101 3 i ... i Cities Service Cos. com .... 56 Cities Service Cos pfd 99% . . I Citizens Gas Cos com 56% Citizens Gas Cos pfd 102 103% I Commonwealth Loan Cos pfd..lol Equitable Securities Cos com.. . Hook Drug Cos com 30% ... Indiana Hotel Cos com 125 Indiana Hotel-Co pfd 101% . . Indiana Service Corp ptd . . . 93% . Indianapolis Gas Cos coin 62 | 1 ndpis A: Northwestern pfd . 20 1 Indpls P L 6%s pfd 105% IQ7 ! Indpls P At L 7s 103 Indpls Pub Yrl Ln Assn.. .. 47%. Indpls St Ry Cos pid . 32 33% Indianapolis Water Cos pfd .103% interstate P S pr lien pfd. .105% 108 Interstate P S C 6,s pfd. 96 100 Merchants Pu Utilities C'o pfd. 101 North Ind Pub Serv Cos pid.lo2 1 104 Northern Ind Pub S Cos 7s ...112% Progress Laundry Cos com 28% ... E liitugh & Sons Fcrt Cos pfd. 50 Real Silk Hos Cos Pfd | Standard Oil of Indiana .. . 77% T H I A. E Trae Cos com 1 T H I fc E True Cos pfd .. % , T H True A-. Lt Cos pfd 93 95 ; Union Trac Cos com % ; Union Trae Cos Ist pfd 1 Union Trac Cos 2nd pfd % Union Title Cos com 82 Van Camp Pack Cos pfd 10 i Van C amp Prod Ist pfd . 9K 109 \nn Camp Prod 2nd pfd ... i/0 100 •Ex-dividcnd. Bonds—- ! Belt R R A SI): Yds Cos 4s 92 Broad Ripple Trae Cos 5s ... 8! Central Ind Ga.- Cos 5s . . 98 Central Ind Power Cos 6s ... lot Chi S B A N Ind Ilv ss. 17% Citizens Gas Cos 5s 105 106' chiton St R rt 5s 89%: 92% Gary St. Rv 5$ 92% 91 Home T & T of Ft Wayne 6s . 103 Indiana Hotel Cos 5s 101 Ind Northern Trac Cos 5s . . 6 Ind Rv A Lt Cos 5s *98% ... Ind Service Corn 5s 99 Indpl- Power A It Cos 5s .. 101 % 102% Ind Union Trac Cos 5s .4 Indo's Col A So IVac 6s 101 t 1"3 Indpls Gas Cos 6s 102% 103% Indpls A Martins Trac Cos ss. 33 Indpls North Trac Cos 5s ... 11 Indpls A Northw Trac Cos 55.. 35 Indpls St Rv 4s 67 65 Indpls Trac A Term Cos 5s 96% 9/ w Indpls Union Rv 5s 102% Indpls Water Cos 5%s .... 104 105% Indpls Water Cos Ist 5s .... 100 Indols Water Cos 4%s 96% Indpls Water Sec Cos 5s 98'.: 99% Interstate Pub S Cos 4' s 94' ■ Interstate Pub S Cos 4%s .... 94 s ; ... Nor Ind Pub Serv Cos 5s 103 T H I A E Trac Cos 5s 75 T H Trac A Lt Cos 5s 97 Union Trac of Ind Cos 6s .... 14 15

—Liberty Bunds— Liberty’ Loan I.M. 3' s 101 !0 101.30 Liberty Loan Ist 4-%s 102.30 102 50 Liberty Loan 3rd 4'.is 100.20 100 44 Llberi v Loan 4ll> 4%s 103 26 103 44 U. S. ‘Treasury •(%& 115,40 115,62 U. H Treasury 4s ..4. 110.11 UP. O2 U S Treasury 3%s 107.60 ;07.R4 Li 8 Treasury 3%s 100.00 130.30 U. S. Treasury 3’as 102.51 102.72 —Sales—--20 shares Indpls St Rv pfd 32% $2.000 Indpls P J- L Cos 5s , 102

PORKERS SHIFT DOWNWARD TO $9 TOP TODAY Hogs Drop 25 Cents With 7,500 Received; Calves 50 Cents Up. April Bulk Top Receipts 4 8.15'" 885 ’ 885 7.500 5. 8.004/ 8 75 8 75 7.003 6. 8.254/ 8.75 8.75 6.509 7 8-003 8.65 9.00 2.000 9. 6.254) 9 25 9.25 1.000 10. 8.254/ 9.25 9 25 3.009 11. B.oo® 9.00 9.00 7.500 After holding a top of $9.25 for two days, hogs dropped 25 cents on the hundredweight at the Union Stockyards today and the best sold at $9. Animals in the bull: sold upward from SB. Receipts were estimated at 7,500, and there were 1,481 holdovers. Calves were strong to 50 cents higher, and other material was mostly steady. Sheep and lambs were scarce. A fairly steady tone featured a slow market at Chicago, where a few sales of good 180-200-pound weights brought $9% 9.05, slightly above the local market. Some choice kinds were held at $9.15. Receipts numbered 18,000 and there were 10,000 holdovers. All Ilogs Gd Down Heavy butchers, 250-350 pounds, told at $3.50’" 8.85, losing evenly 25 cents, as did material in the 200-250-pound class, selling at $8.85% 9. Lights, 160-200 pounds, brought $8.75'% 9. down 15 to 25 cents. Light light weights, 130-160 pounds, went at sß'" 8.75, 15 to 25 cents lower, and pigs were $7 ■ 7.75, off 25 cents. Packing sows sold at $7% 8, dropping a quarter. Cattle were mostly steady, with I, head in the pens. Beef steers were f 12% 14 and cows $8 "10.50. Low cutter and rutter cows sold at $5.50% 7 and bulk stock and feeder steers at $6.50" 10. Calves Gain .50 Cents, Calves were 50 cents higher in the better class, selling at $14.50% 15.50. Heavy calves brought $6.50 " 10. Receipts were estimated at 1.000. Sheep and lambs were steady, with receipts at 100. The top was $16.50 and bulk fat lambs sold at $14% 15.50. Bulk culls were $7.50" 11. and fat ewes went at $6.50" 9.50. Receipts. 7.500: markrt lo\vrr. 250-350 lbs sß.f>o> 8.85 200-250 lbs. 8.75 'n 9.00 160-200 11 8.759 00 120*160 lbs 8 00'ri 8.75 PO-180 lbs 7on 6. 775 Tack..tc; sows 7.00'w 0.00 —Cattle— Receipts. 1.200; market, stcoriv to wrnk. Href steers sl2.oo'<i 14.00 FWf rows 8 00 10.50 Tow cutters juhJ rutter cows . 5.50 b/ 7.00 Ikilk stock and feeder steers. 0.50 y 10.0 k Receipts \ealcrs. 1.000; market, htsher. $ •; Ilcavv calves 6 50 f >j 10.00 Sheep and I.a mbs— Receipts. 100; market steady Ton In* lambs $16.50 Hulk fat lambs 11.00 m 15.50 Hulk cull lambs 7.50-/11.50 Fat ewes fi.so(f/ 9.50 Spring lambs 18 OOv 20.00 Other Livestock ti" r nit.-d Press PITTSBURGH. April 11. Hogs— Re. ii‘ipls. 1 390: mark/". ?tradv. 239-390 Ibf . 3’ 60 /9.33: 200-230 Ibx.. *1.154/9 00: 160200 lbs . ss9 50 "9.60: 130-160 lbs.. $9,504? 9.60; 90-130 lbs. $6 75 7/8,50 packirtß sows. $6.73 "7.50. Ctattlr Rec/’ipts. non/ : calif's, receipts 150: market, slow: beet steers. $11.50'" 13.65; \ eaters. sl4/16 Sheep Receipts. 400. market strone: top fat lambs, sls; bulk tat lambs. $134/1.3; bulk rull lambs. s9l/12; bulk spring iambs, sl7'" 20. II" I "Hi il I’n ss CLEVELAND. April 11. Hogs- Receipts 2.500; market sieariv to 10c down; 250-350 fits.. $94/9.35; 200-250 lbs . $9.25/ 9.35- 160200 ilts., $9.254/9.35: 130-160 lbs.. $7 50 "

I ‘ —=rr-,“' - '--. ' M, ; ...... ,7'--"r

The Indiana National Bank Indianapolis

In the Stock Market

/By Thomson A McKinnont NEW YORK, April 11.—At the present moment there are signs that public participation in the market is becoming wary and credit has already reached a subnormal stage. This latter factor is well proved by a 6 per cent money rate, a rate which has made its appearance but twice in the past five years. To my way of viewing the situation there are now in the making the very opposite factors which precipitated the spectacular advahee in trading and prices and, unless due recognition is given this situation, some very unsatisfactory results may make their appearance. In these few words we are endeavoring to point out the dangerous possibilities which are ahead and which can become immediate actualities unless a more conservative attitude is generally employed. There is only one way which traders can meet contingencies which face them and that is to immediately adopt a very conservative policy. 9.35: 90-130 lbs.. $7.25477.50: packing sows, $7,254/7.50. Cattle- Receipts. 200; calves, receipts 600: market weak to 2ftc down: cows, steady: beef steers. $11.254112; beef cows. *74/9.50: low cutter and cutter cows, $5.25'" 6.50; vealer.s, sl2 "16. Sheep - Receipts. 1.200: market steady; top fat "ambs, $15.25; bulk fat lambs. $14.7547 15.25; buik cull lambs, slOl/12.50; bulk fat ewe.;, s6'" b. tin Times Special LOUISVILLE. April 11.—Hogs Receipts. 900; market 10c lower: heavies and mediums. 176 lbs. up. $8.70%!).10: lights and pigs. 175 lbs. down. $5,654/ 8.05: throwouts and slags. $6,104/6.70. Cattle -Receipts, 200: market steady: prime heavy steers. $12.50 "13.50: heavy shipping steers. sll e 12.50: medium and pain steers. $9.50 /11; fat heifers, $8.50 i: 12.50; good to choice eons, $8.504/10; medium to good cows. $6,504/8.50: cutters. $5,504/ 6; eanners. $4.5047 5: bulls. s6’/8.75: feeders, 53.50" 11.50: Mockers. $7.50 /11.50. Calves - Receipts. 200; market 50c lower; good to choice. $10" 12; medium to good. $8" 10; outs. $8 down. Sheep- Receipts. 00: market steadv: top lambs. sl4 50 "15: seconds. sß'//11: sheep. $5.50 "7. Tuesday's shipment. : Cattle, 67; calves. 71. hogs, 151: sheep, none. tin I nit) il Prrs* EAST BUFFALO. Ap.il 11-Hogs—Re-ceipts. 2.100; holdovers. 1.500; market strong to 10c up: 250-350 lbs.. $94/9.50: 200-250 bs.. $9.40" 9.65: 160-200 lbs.. $9 25 4/ 9.75; 130-160 lbs.. $7,754/ 9.50: 90-130 lbs.. $7.25'" 8.25. packing sows. $7.50'" 7.75. Cattle Receipts, 400: market sow. Sheep Receipts none; top fat iambs, $17.25: bulk fat lambs. $16.75 "17; bulk rtili lambs. $8,504/ 12.50: bulk fat ewes. $94/10.

Local Wagon Wheat

Local grain elevators are paving $1.62 for No. 2 red wheat,, otner grades arc purchased on their merits. DEATH ENDS ROMANCE Funeral at Washington Today for Man Who Planned Remarriage. 7!," Times Spi rial WASHINGTON. Ind., April 11.— Funeral services were held here today for Jules Valin. 42, killed while en route to his home in Benton. 111., after visiting his former wife here and arranging a remarrriage. His death resulted from his automobile being struck by a Chicago & Eastern Illlinois train at a crossing in Vincennes. Valin and his wife were divorced. She married another man, but was freed from him by divorce. Valin had planneed to return here within a week to set a date for his second wedding.

/n / Are you sure you hold the right securities? We buy nnd sell all issues of till bonds and stocksOur opinions arc wholly unbiased. Ask RUBY c CO. Lincoln 1507 406 Guaranty Building.

Experience, conndence, facilities and vast resources, augmented by our policy of safety and conservatism, enable us to promptly offer constructive, cooperative banking service.

IMS

PAGE 15

BYRD NAMES ! PART OF CREW Many Old Shipmates to Make South Pole Dash. till t llilrd Pri es NEW YORK. April 11.-Coni-mander Richard E. Byrd has named part of the crew of fifty-five men who will accompany him on his aerial expedition to the south pole. When the party starts out in September, at least twenty members will be old shipmates of Byrd, some of them veterans of the north pole and trans-Atlantic flights. Bvrd will be in command with Flovr! Bennett as second in command and chief pilot. Others will be Prof. L. L. Gould of the University of Michigan, geographer; Dr. Francis E. Coman of Johns Hopkins, physician; Bernt Balchen, second pilot; Isaak Isaakson. ice pilot: C. F. Gold, carpenter, Joseph De Granahl, reserve pilot; Thomas B. Mulroy, chief engineer; Lloyd K. Granlie, assistant radio operator; William C. Haynes of the United States weather bureau, meteorologist; Arthur T. Walden, in charge of sleds and dog teams; C. L. Kessler, fireman: Charles E. Lofgren, head of the commissary department. Wilmer Stultz is tentatively connected with the expedition as relief pilot. FLIERS LEAVE CALCUTTA Frenchmen Expect to Complete World Hop at Paris Friday. CALCUTTA, April 11.—Dicudonne Costes and Joseph Lcbria, French world fliers, departed at 2:20 a. m. today (Indian time) for Jodhpur, on the next part of their flight; from Tokio to Paris. Before departing they indicated (hey desired to make a non-stop flight to Karachi and hoped to be in Paris by Friday—thus completing a tour around the world.

(ESSENTIAL SERVICE 1 m IN 19 STATES '

IMiddle'West Utilities Company Notice of Dividend on Common Stoc-k The Board of Director* of Middle West Utilities Company has declared a quarterly dividend of One Dollar and Seventy-Five Cents ($1.75) upon cacli share of the outstanding Common Capital Stock, payable May 11028,. to all Common stockholders of record on the Company’s hooks, at the close oi business at 5:00 o’clock P. M., April go, 1928. LUSTACE J. KNIGHT. Secret nr*.