Indianapolis Times, Volume 39, Number 300, Indianapolis, Marion County, 12 April 1928 — Page 14

PAGE 14

STEEL SPURTS AS PRODUCTION FIGURES GO UP Stock Rises Nearly 4 Points in Opening List Today; G. M. C. Higher.

Average Stock Prices

Average of twenty industrials Wednesday was 212.46. up 3.23. Average of twenty rails was 143.56. up 1.42. Average of forty bonds was 99.23. off .09. £,// United Press NEW YORK. April 12.—Steel production reported holding at the record March total with prices strong brought a deluge of buying orders into the market for United States Steel today. The initial sale was for 35,000 shares at a range of 153 Vi to 154, up 3U to 4 points and a new record for the year. Later prices were slightly under the opening figure. General Motors opened 15,000 shares at 198 to 197’a, up 2 to IVa points, and held strong. The entire list was lifted higher toy strength in the leaders with independent steels,' motors and utilities in demand. Prospects of easier money conditions were bringing a flood of outside buying. Others Open Higher Principal trading in addition to the foregoing was done in National Power and Light, up is at 2914; Consolidated Gas, up 2Vi at 149%; Graham-Paigs, up 11s at 39%; Bethlehem Steel, up 7 s at 65%; Sears-Roebuck, up 1 at 104%. Oils were strong. Radio Corooration eased % to 176%. Describing the market, the Wall Street Journal’s financial review' today said: “Wednesday’s vigorous advance carried the industrials used in DowJones averages to anew high on the movement and a fresh record high for the rails. This simultaneous demonstration of strength in the railroad and industrials stimulated bullish enthusiasm and leaders pushed ahead in the early dealings on buying from all parts of the country.” Tickers Behind Time Tickers were running more than half an hour behind the market. Sales in the first two hours were 1,904,800 shares, compared with 1,599,500 in the same period Wednesday or at a rate of nearly five million shares for a full five-hour day. Prices continued to mount higher through the morning with new highs scored by a long Ust of issues. Gains ranged from a point to more than 3 points. Some selling cropped out on the advance with radio the heaviest loser. That stock sagged 5 points to 17216, while New York Central, Allied Chemical, Nickel, Chrysler, Interboro and Schulte Stores were off fractionally. General Motors and United States Steel held strong but failed to break through their opening highs.

G. M. C., Steel Lead Em T'nitrd Press NEW YORK. April 12.—General Motors and United States Steel Corporation stocks took the lead today in a revival of wild speculation which has charatcerized Stock Exchange dealings in recent weeks. Radio Corporation lost some of its popularity, although virtually the entire market participated in the advance. The steel gain was aided by the heavy production of steel which was reported in the weekly reviews. United States Steel opened on a transaction of 35,000 shares at a price range of 15311: to 154. It was a gain of 314 to 4 points and a new high price for the year. Trading tickers were twenty-four minutes behind the market. General Motors started with a deal of 15,000 shares at 198 to 19714 and then advanced to 198'4. That was a gain of 2 to 114. Its record high is 199. A similar demonstration of strength was given on the curb market. Wire Wheel soared to a new high on the strength of the preliminary injunction granted to the company Wednesday against the Overland Motor Company in Chicago. Industrial Rayon went up after the announcement that the voting control would be vested with stockholders. The election of W. C. Durant to the directorate and plans for the construction of anew factory in Virginia also contributed to the progress of the stock.

Banks and Exchange

NEW YORK STATEMENT Bu United Press NEW VORK, April 12.—Bank clearing. *1,300,000.000; clearing house balance. $125,000,000. TREASURY STATEMENT Bn United Press WASHINGTON. April 12.—'The Treasury net balance April 10 was $406,773,266.84. Customs receiots for the month to April 10 were $15,553,292.80. FOREIGN EXCHANGE Bn United Press NEW YORK. April 12.—Foreign exchange opened irregular. Demand sterling. $4.87%; francs. 03.93 9-16 c, up .001-lec; lira. 05.2714 c. off .0014 c; belga, 13.96 c, up .OO’/ac; marks. 23.90':!, off .00'Ac. LIBERTY BONDS By United Press NEW YORK. April 12.—Liberty Ist 414s opened at $102.15, off 3; 3rd 4t4s. slOO.ll. HELD IN HOSPITAL Man Beaten in Brawl Charged With Vagrancy. Albert Moore, 28, of 31 W. Twenty-Second St., is held in the detention ward at City Hospital today charged with intoxication and vagrancy, while police attempted to apprehend three assailants who beat him up at Michigan and Ogden Sts., Wednesday night. Moore refused to tell police who his enemies were. Lutherans Meet at Ft. Wayne By Times Special FT. WAYNE, Ind., April 12. Professors, pastors and teachers to the number of 118 are here attending the spring pastoral and education conference of the northeastern Indiana division of the Missouri Lutheran Synod. The sessions, which opened Wednesday, will close Friday.

New York Stocks

'(By Thomson * McKinnon)’

—April 12Railroads— Prev. High. Low. 12:00 Close. Atchison 193% ... 192% 193% Atl Coast Line. .162% ... 182% 182 Balt & 0hi0... 119% 119 119% 119% Can Pac 212% 212% 212% 212 Chesa & 0hi0..199% ... 199% 199% Chi <fc Alton 7% Chi & N We3t 88 Chi Grt West 12% C R I & P 115% ... 115% 115% Del ic Hud 183 ... 183 182% Del & Lacka... 147% 147 147% 146% Erie 59 ... 59 59 Erie Ist pld 58% Grt Nor pfd 101% ... 101% 100% Til Central 141 Lehigh Val 101 100 101 100% K C South 59% ... 57 59% Lou & Nash ... ... 151 M K & T 38% ... 37% 38% Mo Pac pfd 114 ... 113% 113% N Y Cent 181% 180 180 181% N Y C & St L.,141% 141 141% 140 NY NH & H.... 63% ... 63% 63% i Nor Pac 99% ... 99% 100% Norfolk A; W ... 189 j Pere Marq 142% Pennsylvania.... 69% ... 69% 69% P & W Va... .152% 152% 152% 152 Reading 110 ... 110 112 South Ry 148% ... 148% 148 i South Pac ... 123 St Paul 34% ... 34% 34% St Paul pfd 47 ... 46% 46% St L <fc S W. ... 85 ... 85 84% St L & S F ... 118% ... 118% 119%. Texas & Pac 137% Union Pacific... 195% ... 195% 197 West Mary 50 49% 50 50 Wabash 81% 81% 81% 81% Wabash pfd 97 Rubbers— Ajax 11 ... 10% 10% Fisk 15% 15% 15% 15% Goodrich 86% ... 85% 84% Goodyear 54% 54 54% 53% Kelly-Spgfd 21 % 21% 21% 23 Lee 19 1 % 19Vb 19% 19% United States.. 45 44% 44% 44% Equipments— Am Car & Fdy..105 ... 105 105% Am Loco 109 108% 109 108 Am Stl Fd 66% 65% 66 66 Bald Loco 2.0 Gen Elec 157% 155 157% 154 Gen Ry Sig 97% ... 97% 96% Lima Loco 57 N Y Air 8r... 46 ... 46 45% Pr Stl Car 24 23 24 22% Pullman 86% 86% 86% 86 West Air 8.... 51% ... 51% 51% West Elec 105 % 105 105% 104% Steels— Bethlehem 66 Vi 64 r } 65 (XU Col Fuel 60. \9\b 6UU 78va Crucible *2 s#oVa MU (jrUlf St Stl. ... 63 ... 1)3 up., j imand Stl 54* Phil HO Ji 1.. 32% 32% 32% 32% P I 8 64% ... 61 63% Sloss-Sheff las . U S Steel 154 131% 152% Ij2 ' Alloy .. 30% ... 30% 30% Young Stl 89% 88% 89% 8/% I Vana Corp 89% 88% 83% 87% I Motors— Am Bosch Mag.. 27% ... 27% 27% I onanaler •, uy, n> t if i enrys corp ,2 u vi% COU Li Mot 13-,. 12% Id 12% Doage Bros 22',a 22% 24% 2.% uaouel Snbors.. 19% ... 4 y% 2y uen Motors laav. lytj lj 0 lab Hudson Us 74 93 as 93% Hupp oj 54% 54% 53 a ooroan 12% ... 12 12 Mack Trucks... 91 90% 91 911% Martin-Perry ,3 “ I Moon 7% 6% /■% I Mot Wh 37% 23% 34% 3a% *<ash 89 88% 89 89 i Packard.,.., 71% 7i ( l% 70% Peerless 21% ... 21% ... I Raige 39 % 39 39% 30 1 Stuue Cor ‘ 67% ... 60% b 1 i Stew Warn 91% 91 91% 91 Strom cart 62 ! Timken Bear 133 132% 13J ldpu Wiliys-Over 2i% ... 27% 27'- * Tenow Coach.. 33 ... 33 33 I White Mot 34% ... 34% 34 I Alining— Am Smlt & Rfg .. ... . 1187% ■ Ana Cop 70% 70 i'o% 70% i Cal 6s Arid 103% ... loj 102 I Cerro de Pasco. t>o% 98 08% 68% Chile Cop 42% ... 42 42% i Gr Can cop 130 ... 123% 129% Xnsp Cop 23 ... 23 23 I Xnt Nick 93% 92% 93% 93 I Kenue Cop 86% 86% 86% 86% I Magma C0p.... 50% 49 t oO .i9',,l Miami Cop 19% ... iy% i„i, Tex Gulf du1.... 74% 74% 74% 7414 U S Smelt 42 ... 42 41 Oils— Atl Rfg 125% 125 125% 124 cal Petrol 2<% Freeport-'lex 85 ... ’jiy, g, " Houston Oil 157% la 7% 25 c, 2 l„ti% Indp O & G.... 28% 28Va 28% 28 Mar OU 40% 40% 40% 40% Mid-Cont Pet... 28 a 28 a 28 a 26., Lago Oil & Tr 31 £ Pan-Am Pet 8.. 46% 4b 46% 46 Phillips Pet 41% ... 40% 40% Pro & Rfgrs 22 Union of cal.. 50% ... 50% 50% Pure OU 23% ... 23% 23% Royal Dutch 45% ... 45% 45% fJU 27% 27% 27% 2i% Simms Pet 23% Sinclair Oil 27% ... '2/14 gy.i? Skelly Oil 31 ... 31 .ns. S.d OU Cal 58% ... 58% 58% Std Oil N J.... 41 ... 41 40% Std OU N Y.... 30% ... 30% 30-J Tex Corp 55% 63% 55% 55Transconti 9% s% g% gyj Industrials— Adv Rum 23 ... 23 22% Allis Clial 13 Allied Chem ...162% 16i ibi% 160% Armour A 14 ... 14 13m Anier Can 86% ... 86 86% Am H Lea ... 14 Am H L pfd... 56% ... ‘i<j% 56 A L 1"... 103%. 103 103% 105% Am Sat Raz 64% Am Ice 37% ... ‘3774 37% Am Wool 22% ... 23% 52% Curtis 77% 76% 7 , % 7 Coca Cola 160 ... 160 * 158% Conti Can 113 112% 113 112 Certain teed 50 y Cong 27% ... *37% 27 Dav Chem 46 ... 45% 44% Dupont 389% ... 339% 33314 bam Play 120'% 120% 120% 121% Gen Aspn 88% ... 88% 88 Int B Mch ... . 0 4 326% Int Cm Engr 51 60% 50% 51 Int Paper 77% ... 77% 78 Int Harv 250 249 250 248 Vi Lambert 117 116 117 118 Loews 70% 70% 70% 70% Kelvinator 21V2 ... 21% 21% Mont Ward 145% 144% 145 144% Natl C R 57% 56% 57 57 Pitts Coal 86% ... 86% 48 Owens Bot 86% ... 86% 86% Radio Corp 177 175 175% 177% Real Silk 28% ... 28% 28% Rem Rand 27% ... 27% 27% Sears Roebuck...lo6% 104% 106 103% Union Car 162% 159% 160 159 U. 8. Leath 34% ... 34% 34% Unlv Pipe..... .. 25% 25 25% 24 % U S Cs Ir P... .279 ... 275% 275 U S Ind A 120% 118% 120 120 Wright 133 130 132 128% Wool Cos 188% 188% 188% 187% Utilities— Am T & T 181% ... 181% 181 V. Am Exp 181 180 181 181% Am Wat Wks... 59% ... 59% 68 Brklyn Man T... 74% 74 74% 73% Col G E 98% 97% 98% 96% Con Gas 151 148% 150 149% Elec P & Lt 39 ... 39 38% Interboro 53Vi ... 53V* 53% Nor Am Cos 67 ... 67 68V. Montana P 165% ... 165 Vi 165% Peop Gas 169 ... 169 168% So Calif 45% 45 Vi 45% 45% std G& El 65Va C 4% 65 M% Ml Tow. 32% 32 32% 32 West U Tel 164 163 164 163 Shipping— Am tot Corp.... 97Vi 97 97% 95% Am 5 & C .. ... . 4 1 0 Atl G& W 1.... 44% 44 44% 43% tot M M pfd.... 42 41% 42 41 United Fruit.... 140% ... 140% 140% Foods— Am Sug Rfg.... 72% 71% 72 71% Austin Nich 6V ... 6% 6% Beech pkg...:.:. 4 ; : D ' 4 7 s,;* Cal Pkg 77% 76% 77% 76% Corn Prod 78% 77% 73:4, nhif. Cuba CSu p.. 26 ... * 26 26 Cub Am 5ug..... 20 . 2? Fieisch Cos 74% 73% *74 731/, Jewel Tea 85Vi ... 85% 85 Jones Bros Tea.. 29% ... 29% 29% Natl Bis 174 . 174 1731'* Nat Dairy 82% ‘Bl% 82% 81% Postum Cos 125% ... 125 124 v Ward Bak B 25% 24% 25 J 4& Tobaccos— 4 4 Am Tob , igojA Am Tob B 170' 4 Con Cigars 86% ... 's6% 86'/ 4 no" Jr iZL 70 4 Llg cc Mcy 106Vo Lorillard 42% ... 42% 4?% R J Rey........ 141 ’* 141 14114 Tob Prod 8....113% ..I 113 IX3 • 4 Unit Clg St 30% ... 30% 30% Schulte Rt Sa... 66 ... 65% 66

CRIME CALLED WASTE Should Be Handled on Business Basis, Says Schortcmeier. By Times Special HAMMOND, Ind., April 12.—“ We should look upon crime as economic waste and handle it upon a business basis,’’ declared Frederick E. Schortemeier, secretary of State and Republican gubernatorial candidate, addressing the Tenth District, Law Enforcement League here Wednesday night. “Crime has come to be one of the most serious commercial problems, as well as a moral and social issue and must be more intelligently and drastically handled,” he said.

PORKERS GO UP 15 GENTS WITH LIGHTRECEIPTS Wednesday’s 25-Cent Loss Partially Recovered: Calves Higher. April Bulk Top Receipts 5. B.oofe 8.75 8 75 7.000 6. 8.25 fd 8.75 8.75 6,500 7 B.oo® 8.65 9.00 2,000 9. 8.25<(i 9 25 9.25 i.OOO 10. 8 25® 9.25 9 25 8.000 11. B.oo® 9 00 9.00 7.500 12. 8.15® 9.15 9.15 4,500 Hogs advanced 15 cents on the hundredweight at the local stockyards today after dropping a quarter Wednesday. The top was $9.15 and material in the bulk sold at $8.15 and higher. Receipts numbered 4,500 and there were 1,492 holdovers. Calves were strong to 50 cents higher and other material was mostly steady. The Chicago market moved very slowly around steady with Wednesday’s average. The top price was $9, paid for choice material in the 200-220 pound class. Some strictly choice animals were held at $9.10. There were 28,000 animals received and 9,000 held over. Packing Sows Steady Packing sows held unchanged as other classes advanced. Heavy meat animals were up 15 cents to sß.6s'''? 9 and material in the 200-250 pound class advanced 15 to 25 cents to $97i9.15. Lights, 160-200 pounds, sold at [email protected], up 15 cents. Light lights. weighing 130-160 pounds, went at s3.ls''t 8.90. 15 cents up, and pigs, 90-130 pounds, sold at [email protected], 15 cents higher on the top. Cattle were mostly steady with beef steers weak on the lower end of the range at $11.50® 14. Cows were unchanged at sß® 10.50 and low utter and cutter cows brought $5.50 @7. Bulk stock and feeder steers sold in a more narrow range at [email protected]; 700 were received. Calves Go Higher Best vealtrs sold at sls® 15.50, advancing 50 cents. Heavy calves were unchanged at $6.50® 10. Receipts numbered 900. Sheep and lambs were quotably steady with receipts remaining at the low figure of 100. The top was $16.50 and bulk fat lambs were sl4® 15.50. Bulk culls sold at $7.50® 11.50 and fat ewes at $6.50® 9.50. ' —Hox— Receipts. 4,500; market, higher. 250-350 lb.- *8.65' 900 200-250 lbs 9.00® 9.15 160-200 los 8.90< 9.15 130-160 lbs 8.15*11 8.90 90-130 lbs 7.00® 7.90 Packing sows 7.00® 8.00 —Cattle— Receipts. 700; market, steady to weak. Beef steers *11.50qT4.00 Beef cows B.oo® 13.00 Low cutters and cutter cows . 5.50® 7.00 Bulk stock and feeder steers.. 7.50® 9.50 —Calves— Receipts, vealers, 900; market, higher. Best vealers $15.00@ 15.50 Heavy calves 6 50®10.00 —Sheep and Lambs— Receifts. 100; market steady Top fat lamas $16.50 Bulk fat lambs 14.00® 15.50 Bulk cull lambs 7.50®11.50 Fat ewes 6.50® 9.50 Spring lambs 18 006*20.00

Other Livestock By Times Special LOUISVILLE. April 12.—Hogs Receipts. 1,800: mancet, steady; heavies and mediums 175 lbs up. sß.7o®* 9.10: lights and puts 175 !bs. down. $5 65 68.50; throwouts and stags. $6.10®6.70. Cattle—Receipts. 100; market, steady: prime heavy steers. $12.50® 13.50; heavy shipping stters, $11®,12.50; medium and plain steers. $9.50® 11; fat heifers. sß® 12.50; good to choice cows $8.50® 10; medium to good cows, $6.50®,8 50, cutters, $5.50*3*6; canners. $4.50@*5; bulls. $6®8.75; feeders. $8.50® 11.50; Stockers. $7.50® 11.50 Calf—Receipts, 300; market, steady; good to choice. slo® 12; medium to good, sß®: 10; outs $8 down. Shcem—Receipts. 50; market, steady; top lambs, $14.50® 15; seconds. sß® 11; sheep. ss.so®*. Wednesday's shipments: Cattle, none; calves, 210; hogs, 301; sheep, none. Bu United Press EAST BUFFALO. April 12^— Hogs—Receipts. 700; holdovers. 1.907: market, steady; 250-350 lbs., $8.75®9.d0: 200*250 lbs.. $9.40® 9.65; 160-200 lbs ' *9.25®9.80. 130-160 lbs.. $7.75® 9.50 : 90-130 lbs.. $7.25® 8.25: packing sows. $7.50®7.75. Cattle - Receipts. 50; calves, receipts. 100; market, steady; calves steady; vealers, sl6® 16.50. Sheep—Receipts. 500: market, strong to 25c up: too fat lambs. $17.50; bulk fat lambs. $17*@17.50; bulk cull lambs, s9@ 13; bulk fat ewes. $9®10.50. Bn United Press „ CLEVELAND. April 12.— Hogs—Receipts, 2,400; market, steady: 250-350 lbs s9® 9.50: 200-250 lbs.. $9.25® 9.85; 160-200 lbs.. $9.25©9.35: 130-160 lbs.. $7.25® 9 35; 90-130 lbs. [email protected]; packing sows, $7.25(37.50. Cattle—Receipts, 150; calves, receipts 450: market, slow, steady; beef steers, $11.35®) 11.50; beef cows. $7.26®9.50; low cutter and cutter cows, $5.50(ff6.50: vealers. sl2 *ff*l6. Sheep- Receipts. 11300; market, steady; top fat lambs. $15.25; bulk fat lambs. $14.75® 15.25; bulk cull lambs. slo® 12.50: bulk fat ewes. s6@B. Bu United Press PITTSBURGH. April 12.—Hogs Receipts. 1.500; market steady to 10c down: 250-350 lbs.. $8.50*89.25: 200-250 lbs.. s9® 9.50: 160-200 lbs.. [email protected]; 130-160 lbs., $8.50®9.50: 90-130 lbs., $7*58.50: packing sows. $6,750)7.50. Cattle—Receipts, none; calves, receipts 200: market fully steady: beef steers. $11.50® 13.65: vealers. $14*816. Sheep—Receipts. 700; market steady to strong: top fat lambs. sls; bulk fat lambs, $13®15; bulk cull lambs. sß<S>l2; bulk spring lambs, $178*20. Bv United Press , TOLEDO, April 12.—Hogs—Receipts, 650; market steady; heavies. [email protected]: mediums. $8.50 8 9.10; Yorkers. $8.7588.90: good pigs. $7*87.50. Cottle—Receipts, light; market slow; calves, receipts light; market 50c off. Sheep and lambs—Receipts, light; market steady. By United Press „ „ FT. WAYNE, Ind., April 12.—Hogs—Receipts. 300; market steady to 10c higher; 90-110 lbs.. $6.75; 110-130 lbs.. $7.25: 130140 lbs.. $7.65: 140-150 lbs.. $7.90; 150-160 lbs.. $8.25; 160-170 lbs., $8.60: 170-200 lbs.. $8.85: 200-225 lbs.. $9: 225-275 lbs.. $8.85; 275-350 lbs., $8.60; roughs, [email protected]; stags, s4® 5. calves—Receipts, 25: market, sls down. Sheep—Receipts, 25; market. lambs sls down.

Gone, but Not Forgotten

Automobiles reported stolen to police belong to: Carl Thome, 352 Harlan St., Chevrolet, from the Indiana State fairground. Howard Philllips, 4557 Winthrop Ave., Pontiac, from 4846 Carrolton Ave. Mina House, 1240 W. New York St., Chevrolet, from that address. Allen-Thomas Cleaners, 1122 W. Thirtieth St., Ford truck, from garage in rear. Morris Silvey, 5712 E. Washington St., Ford, 444-017, from Audubon Rd. and Washington St. Cecil Byrne, 1525 Barth Ave., Ford, 610-660, from Twenty-Second and Delaware Sts. Lawrence Doyle, 1653 N. New Jersey St., Ford, 657-498, from Noble and North Sts. E. F. Goward, 2155 N. Illinois St., Ford, 628-446, from that address. Russell Stubbs. 1129 N. Alabama St., Essex, 627-447, from Twelfth and Alabama Sts. Ruth Buckler, 1507 W. New York St., Chevrolet, 634-818, from Senate Ave. and Ohio St.

THE INDIANAPOLIS TIMES

Produce Markets

Butter (wholesale price)—No. 1. 48® 49c; No. 2. 46<-,/47c lb. Butterfat (buying price'—46c lb. Cheese (Wholesale selling prices, per pound- American loaf. 32(<i35c: pimento loaf. 34®37c; brick loaf. 32®35c: Swiss, 39®42c: Wisconsin flat. 27(39c; print cream. 25®27c: flat display. 26@27c: Longhorn, 26%®27c; New York limoerger. 30V. (H’32c. Eggs—Buying prices; Fresh, delivered at Indianapolis, ioss off. 24®25c. Poultry (buying price) Hens. 22®24c; Leghorn hens. 15® 17c; 1928 spring. 1* to 1% lbs.. 350 r 38c; 2 lbs. and up. 40c; Leghorns. 30® 33c; old roosters. 12® 13c; ducks. 15W 16c; gerse, 8®; 10c; guineas, old. 33®3Sc; young. 50c. lly United I’n ss CLEVELAND. April 12.—Butter- Extra in tubs, 45% t 47%c; firsts. 42% (.* 44%c; seconds. 39%(;40%c: packing stock. 30® 32c Eggs—Extras. 32c: extra firsts. 30c. firsts, 27%®28c; ordinary. 27c, Poultry Heavv broilers. 45® 48c: Leghorns, 38® 40c; heavy fowls. 28® 30c; medium stock, 284* 30c; Leghorns. 22®25c; old roosters. 17®' 18c. Potatoes—lso lbs. sacks round white Minnesota, Wisconsin. Michigan. *3.50® 3.65; 120-lb sacks Idaho Russet Buroauks. $335; Florida barrels Hastings. Sl2. By United Piths NEW YORK. April 12 -Flour—Quiet an dfirmlv hell. Pork—Dull: mess *31.50. Lard—Quiet; Midwest spot. $11.95® 1 . Sugar—Raw. easier: spot. 96 test, delivered duty paid. $4.46; refined, dull; granulated, $5.95®6. Coffee- Rio No. 7. on spot. 15c; Santos No. 4. 22®22%c. Tallow Steady; special to extra, 8%®8%c. Hay -Quiet, No. 1 $1.15® 1.20; No. 3.85 c osl. Clover—70c® $1.05. Dressed poultry—Quiet: turkeys. 30®,45c; chickens. 18®43c; broilers. 40®’53c: capons. 36® 52c: fowls. 16® 32c: ducks. 15® 19c: ducks. Long Island. 19 *< 22c. Live poultry Dull and nomlna ; geese. 10® 12c: ducks. 15®'24c; fowls, 23® 2(*c: turkevs. 35®45c; roosters. 13c; chickens. 22® 33c; capons 26® 55c broilers. 45® 50c. Cheese—Firm: State whole milk fancy to specials. 29® 30c; Young America. 30® 31c. Potatoes- Long Island. $2.25® 5. *5; Jersey, basket. sl® 1.25: Southern, *s® 11; State. $3.50® 3.75: Maine. $3.25® 4.85; Bermuda. s6® 12; Pennsylvania. $3.60® 3.65. Sweet potatoes—Jersey, besket. 40c * $3.10; Southern. basket 75c® $2.25. ButterEasier: receipts. 9,257: creamery, extra. 44%® 45c: special market, 45%® 46c. Eggs —Firm: receipts. 38.952: nearbv Sta‘e white. 28u 33c: fresh firsts. 27®28%e: Pacific coasts. 29® 30c; western whites, 29 <m3l%c: nearbv brown. 29® 34c.

THE CITY IN BRIEF

FRIDAY EVENTS Realtors home show. State fairgrounds ail day. Indiana Federation of Music Clubs convention. Lincoln, all day . Indianapolis Athletic Club duplicate auction bridge tournament, all day. Chamber of Commerce Open Forum, luneneon. Chamber of Commerce. Knights of Columbus luncheon, Spir.k Arms. Altrusa Club luncheon. Columbia Club. Exchange Club luncheon, Lincoln. Optimists Club iuneheon, Claypool. Master Painters' Association luncheon. Elks Club. Phi Delta Theta luncheon. Chamber of Commerce. Central W. C. T. U. meeting, Fletcher American National Bank. 2:30 p. in. Marion County Rainbow Division Veterans' Association meeting Armory. * p. m. Ladies’ Auxiliary Hotel Greeters of Indiana. Sevcrln. 7:30 p. in. Psi lota XI meeting. Sevcrin, 8 p. m. First Ward Republican Club meeting, Compton Hall, e p. m. Seventh annual convention of the Central States Association of Morris Plan Bankers, will be held Monday at the Indianapolis Athletic Club. Vice President R. B. Umberger of the Chicago Morris Plan Bank will preside. The Indianapolis Morris Plan Company will be host to the bankers. Nineteen central States banks will be represented. Fifty Indianapolis contractors and architects attended a joint meeting and dinner at the Chamber of Commerce Wednesday night. Clark C. Weight of the architectural firm of Nimmons, Carr & Wright of Chicago, talked on the need of cooperation between architect and contractor on building projects. “Advertising—Or What Have You?” was the subject of Maxwell Droke. Millis Advertising Company vice president and head of the Business Letter Institute, at the Advertising Club luncheon today at the Spink-Arms hotel. Droke is former president of the club. Other former presidents were honor guests. Malcolm M. Stewart, Cincinnati, chairman of the Middle West Foreign Trade Committee, will speak on “American Merchant Ships in Every Port” at the Indianapolis Chamber of Commerce open forum luncheon Friday. Two revolvers and 130 gallons of alcohol were confiscated by police when they raided the home of Carl Cox. at 1733 Olive St., Wednesday night. Cox w'as charged with operating a blind tiger.

Commission Row

TRICE TO RETAILERS FRUITS Apples—Fancy barrel apples, seasonable varieties. s7@9: fancy basket apples, seasonable varieties, $2.75413.25 40 lbs.; choice box apples, seasonable varieties. $3.5004.75, Grapefruit—Florida. [email protected] crate. Grapes—California whites. $7.50 kee Lemons—California. $5.5006.50 crate. Limes—Jamaica. *3 per 100. Oranges—California navels. [email protected]. crate: Florida. $5.50®6.25. Peanf—Washington D'Anious $3.75 half box; Washington Sickle, $3.50 half box. Pineapples—Cuban. $9 crate. Strawberries—Alabama. $7.50. 24-quart case; Louisiana. $4.50®4.75. 24-pint crate. VEGETABLES Artichokes—California, $1.50 dozen. Asparagus—California. s4@6 per crate. Beans—Southern. $54>:5.a0 hamper; Texas stringlesa. $505.50 hamper. Beets—Texas. $3 bushel; home grown, $1.75. Broccoli —Texas, $3.50 barrel. Brussels Sprouts—3s®4oc lb. Cabbage—Texas. 4‘/a445c lb. Carrots—California. $4 flve-doz. crate; home-grown, $1: Louisiana. $1.75 bu. Cauliflower—California. [email protected]; Oregon. $2.50 crate. Celery—Florida. $3.75@4 crate; California. $3.75 crate. Celery Cabbage—s2.2s®2.so. Cucumbers—lndiana hothouse. $2.25@3 for box of 1 doz Eggplant—H. G. $1.75©2 doz. Endive—sl.so doz. bunches. Kale—s3.so barrel. Leek— 1 75 c bunch. Lettuce—Arizona, head. $404.50 per crate: hothouse, leaf, $1.35 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 doz. bunches. Parsley—6oc doz. bunches; Southern. 65c bunch. Parsnips—Home grown. $1.25 bu. Peas California telephone, [email protected] hamper. Peppers Florida mangoes. [email protected] Potatoes—Michigan white. $3.75 150 lbs.: Minnesota Red River Ohios. $3.35. 120 lbs.; Idaho. $3.25. 110 lbs.; Texas, new, $6 Radishes—Hothouse. button, 90c@$l. Southern long red, 25c. Rutabagas—Canadian, $3 per cwt. Rhubarb—California. $24; 2.25. 20 lbs. Shallots—6oc doz. bunches. Spinach—Texas, [email protected] bu. Sweet Potatoes—lndiana Jersey mediums, $2.75 bu.: Indiana Jerseys. $4 bu.; Nancy Hall, $2®2.25 hamper. Tomatoes—California. 56.50<g.7.50 sixbasket crate. MISCELLANEOUS Cider—s4.so 6-gal. case: $4.75 doz. halfgal. Jars. Garlic—22c per lb. Sassafras—2so3oc doz. bunches. SEED STOCK Onions—White sets. $7.50, 2 bu.: red, 57.50, 2 bu.; yellow. $5.50, 2 bu.; Berihuda plants, white. $3.25 per crate of 6,000; yellow, $3. crate of 6,000. Potatoes—Mam coolers. $5.50 150 lbs.; Red River Oblos, $3.50, 150 lbs.; Minnesota Cobblers. $4.25. 150 lbs.; Early Rose. $4, 150 lbs.; Certified Red River Chios, $3.75. 120 lbsSweet Potatoes —Selected Indiana Jerseys, $3 bu.; Indiana Jerseys. $2.75 bu. By United Press CHICAGO. April 12.—Green fruits: Apples. sß®ll per barrel; strawberries. $4 @4.50 per 24 pts. Three Sets of Twills Lose Father By Times Special DELPHI. Ind., April 12.—Andrew Delaney, 69, father of three sets of twins is dead here. Besides the twins, there is another child. He had spent -his entire life here.

WHEAT PRICES CLIMB WILDLY HIGHER IN PITS Major Grain Adds More Than One Cent to Extreme Wednesday High. II v l nitnl P rest a CHICAGO. April 12— In another wild and rapid market on the Board of Trade today, wheat futures again shot sharply higher, adding gains of more than 1 cent to Wednesday’s spectacular 5 cent bulge, but corn and oats failed to keep the pace, and prices in both grains sold ofi fractionally. Trading m all pits was very active. The opening was quiet, with most traders busy getting their balance after the sensational upheaval Wednesday. Shortly after the opening orders started coming in from all over the country, and by midsession brokers were swamped. Prices advanced steadily, the May reaching anew high on the movement, and deferred deliveries selling at highest prices on the crop. Shorts who were scared badly Wednesday, covered frantically, and snapped up offerings on the little dips. Export business in Du rums was reported with Italy, and Greece was said to have bought Manitoba wheat. Corn followed the advance ol wheat early in the day. but neavy profit-taking soon developed, and the bulge was killed. Reports of heavy freezing damage to new oats, gave a firm undertone to that market. Chicago Grain Table April 12— WHEAT— Prrv Hlph. Low. 11 ii.n. clofic. Mav 1.49% 1.47% 1.49% 1.48 ,I'jlv ... 1.49' 8 1.47% 1.49 1.43 Sept. 1 47*, 1.46 1.47% 1.46% CORN— Mav 1.00% .99% 1.00 1 00*8 Jillv 103% 1.02% 1.02% l (13% sept. 1.04% 1.03% 103®, 1.04 OATS— Mav 53% .57'i .57% .57’ Ju’.v 51 % .51 .51 51% Sept 47 .48% .46% .46% RYE— Mav 1.24 133% 1.23% 1.23% Jlilv 1.20% 1.19% 1 19' • i 19**8 Sept 1.15% 114 1.14% 1,14 LARD— Mrv 11,82 .... 11.80 11.80 July 12.12 13 10 12 10 Sept. 12.42 12.37 12.40 12 40 RIBS - JulV 11.75 It v Times Sprrial CHICAGO. April 12 Carlots: Wheat 13 corn. 50; oats. 31: rve, 3. 11/1 Times Sprrial CHICAGO. April 12 Primary Receipt Wheat 501.000. against 50.).000. rori: SOI--000 against. 356.000; oats 450.000. atainst 2481.000. Shipments Wheat 568 000 ne-ip'st 589.000; corn 763.000, nqainst 365 000, oat 493,000. against 312.000. COTTON OPENING */ Unitnl Press NEW YORK. April 12.—Cotton futures opened steady. Mav. 19 70 up .01; July. 19.50. off .04. October. 19.36. off 03 December. 19.25. off .02; January, 19.19. off .05; March. 19.20. off .04. SUGAR OPENING Bi< /Hited Press NEW YORK. April 12 -Sugar futures opened 10-er Mav. 2 67. off 01 July. 2 80. off .01: September. 2 89, off .01; December. 2 95. oil .02: January, 2.86, off .01; March, 2.79. off .01.

In the Stock Market

<Bv Thomson & McKinnon) NEW YORK. April 12.—Speculation continues at a great pace despite the fact that few' of authoritative opinions are wilhng to express decided views on the future trend o f the money market, a factor which sooneror later dominates all markets. This condition shows, we believe that traders of today care little or nothing about economic conditions or other basic factors, but only look for some leader who by dint of power can force price levels to move one way or another, in spectacular fashion. Public participation in the stock market has become more than a habit, it upsets all precedents and in all probability will continue to upset them until those responsible for the movements in various stocks have either sold out their holdings or retired for other reasons. When either of those conditions occur, is of course, unknow'n, but they have always occurred before and without giving much notice therefore we exhort some conservatism in stock market trading.

LAKE COUNTY HOOVER VICTORY IS PREDICTED District Gave Watson Majority to Defeat Stump in 1926. Lake County, which gave Senator James E. Watson the 12,000 plurality he needed in 1926 to defeat Albert Stupmp for the senatorship, will go overwhelmingly for Hoover in the May 8 primary, is the prediction of J. Glenn Harris of Gary, State Representative. Harris advised Hoover headquarters here that numerous polls taken in the Calumet region showed Hoover far out in front. The Cabinet member was accorded better than a two to one favorite in a farm poll, Harris said, while polls of business men and workers ran ten to one and higher for Hoover. Two other legislators actively are supporting Hoover’s candidacy in Lake County—Senator William F. Hodges of Gary, Lake County Hoover chairman, and Senator C. Oliver Holmes, Gary, Indiana Bankers’ Association president. Appointment of J. E. James of Kokomoas Howard County manager for Hoover, was announced from State headquarters at the Claypool today. DURANT DIRECTOR Stockholders of Rayon Corporation Given Controlling Vote. By United Press NEW YORK, April 12.—Stockholders today were given voting control of Industrial Rayon Corporation and it was announced that William C. Durant, automobile manufacturer, was made a director. The company also reported plans under way for construction of anew plant at Covington, Virginia, with an annual manufacturing capacity of 6,000.000 pounds of rayon. It is expected the new plant will begin commercial production about the middle of 1929.

Mammoth New Fun House Built at Riverside Park

* .•••.• a houser,” .j, f J, by various names such as "Cuckoo K : * Catacombs.” "Looney Labyrinths,” ff 1$ -■£-7’ "Hilarity Hotel.” "Funland” and p *:■ other appellations suggestive of # 1 N| 'O-fT . SMBRC-' m mystery, thrills and fun. >/. YS At present the two men are '* : - supervising the construction of frjtsf •' what is claimed to be the largest V#|| /’( and most modern of these attrac- ' jIIP^ in charge of th" installation of l H9Pf^jji4 electrical and mechanical devices. \ while Brentlingcr is the scenic 1 artist. .? 1

Robert Thomas (left) and J. S. Brentlinger 'right), shown here, are perhaps responsible for more squeals of joy. more howls of glee and more shivers of excitement than any other two men in the country. They build those massive structures in modern amusement parks called “fun houses,” denominated by various names such as "Cuckoo Catacombs.” “Looney Labyrinths,” “Hilarity Hotel.” “Funland” and other appellations suggestive of mystery, thrills and fun. At present the two men are supervising the construction of what is claimed to be the largest and most modern of these attraction.; at Riverside amusement park, shown above). Thomas is in charge of the installation of electrical and mechanical devices, while Brentlinger is the scenic artist.

Adams Answers Dry Quiz by Questions of His Own

States Enforcement Stand in Reply ta Shumaker Questionnaire. Declaring that lie thinks "it is only fair that candidates make public answers to questions.” Thomas H. Adams, Vincennes editor, corruption crusader and candidate for the Republican nomination for Governor, today replied to the Anti-Saloon League questionnaire for candidates. He also formulated a quiz for Secretary E. S. Shumaker, convicted head of the Indiana league. One of the questions Adams asked was: "Are we not all anxious to know' the truth?” He was referral gto the Squibbs liquor steal and Jack Daniel cases in which the Shumaker forces were inactive. Virtue in Enforcement The Squibbs liquor was worth SIOO,OOO and was stolen from the Federal Bldg., three Negroes serving time for the offense. It since has been rumored that it was used in part by certain Republican politicians in the campaign that year. "I received your letter asking information concerning my stand on the Eighteenth Amendment and temperance." Adams wrote. “I refer to my position on this subject as it relates to all classes of temperance legislation for many years. My newspaper has been active in movements against lawlessness and vice and perhaps has been as forceful a factor for lawenforcement as any temperance society, because newspaper work brings us in close touch with infractions of the law. Three or four of the big raids in Indiana were partly directed by my newspaper. "In my work as an investigator of political wrongs, I have needed the support and aid of the church anti-vice and anti-saloon societies. Cases Were Side Tracked “In my research work I found prosecuting departments surrounded by evil political influences that tended to overthrow law enforcement and I am puzzled to understand why such flagrant violations as the Squibbs whisky and Jack Daniel cases were sidetracked with the great temperance societies waiting for action from law officers. “Recently I asked Senator Capper to ask Congress for a congressional investigation and in my six points related to him I included the Squibbs whisky report of the department investigators. In this matter I was greatly in need of the influence of your organization. Are we not all anxious to know the truth? “It must be apparent that law enforcement is almost nullified. How can you expect anything else w-hen gang rule dominates court procedure and law enforcement agencies. “In my exposure of fraud and corruption I think it is your paramount duty to aid and help me.” Commenting on Adam's reply, Shumaker said today, “I would be glad to render every aid and cooperation in my power toward the arrest, prosecution and conviction of all parties guilty of milking the Daniels and Squibb distilleries. “Os course, we are ready to lend our aid toward any movement for liquor law enforcement.”

M. E. GROUP ELECTS Officers and Council Members Chosen for Connersville District. By Times Special MORRISTOWN. Ind., April 12. Officers elected at the closing session of the Connersville district conference of the Methodist Episcopal Church here Wednesday night are: Dr. J. T. Scull, Rushville, president; the Rev. C. M. Reed, secretary: the Rev. R. R. Cross and the Rev. R. O. Pearson, reporters. The following were chosen area council members: Ministers, Dr. Scull, Dr. J. S. Ward, Dr. L. T. Freeland and Dr. H. O. Kistner; laymen, Morris Clark. George E. Bennett, J. H. Scholl, W. A. Raider and E. J. Hancock.

Local Wagon Wheat

Local grain elevators are paying $1.62 for No. 2 red wheat. Other grades are purchased on their merits.

CIViL WAR VETERAN CLAIMED BY DEATH Zachariah Scott. 86, Lived in City Last 25 Years. Zachariah Scctt. 86. Civil War veteran and resident here for the last twenty-five- rears, died Wednesday night at thV home of his son. Clarence A. Scott, 2831 N. Denny St., following a short illness. He suffered a stroke of paralysis Sunday. Mr. Scott was born in Ohio and moved with his parents to Charleston. 111.. He served in Company I. Sixtieth Illinois Infantry during the war and was a member of Gordon Post, G. A. R.. and the Victory Memorial Methodist Protestant Church. Surviving are two daughters, Mrs. Ed Munson and Mrs. Charles Wilson, and two sons, Fred and Clarence Scott, all of Indianapolis.

New in Council

W ■<**** i '

Herman P. Lieber of H. Licbcr & Cos., chosen councilman to fill the seat of Claude E. Negley, resigned. C. A. Earl to Succeed Freshman By I nitrd Prws NEW YORK, April 12.—Clarence A. Earl, former first vice president of the Willys-Overland Company, has been elected president of Charles Freshman. Inc., to succeed Charles Freshman, who becomes chairman of the board.

FASTER SHIPMENTS

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.APRIL 12, .1028

USE AIRPLANES TO HUNT SUGAR CANE IN WILDS Scientists Sail Today for New Guinea in Quest of Sturdy Plant. BY GEORGE M. ROMMEL (Written for The Times and Science Service) NEW YORK, April 12.—Flying over the land of the head hunters and exploring in a few hours jungle country that would take months to traverse on foot, a United States department of agriculture expedition to New Guinea this summer will search for wild varieties of sugar cane that may bring added wealth to America’s sugar planters. The party, led by Dr. E. W. Brandes, in charge of the Government's sugar plant investigations, will include Dr. Jakob Joswiet of the University of Mageringen in Holland, who for fifteen years was in charge of the cane improvement division of the experiment station for the Java Sugar Industry; E. C. Pemberton, an entomoligist on the staff of the experiment station of the Hawaiian Sugar Planters’ Association, and Richard K. Peck, airplane pilot who is a veteran of a previous aerial expedition to the wilds of the East Indies. Louisiana Lane Dying Back of the sailing today from San Francisco of these saccharinebent aviators lies a story of agricultural romance that has few counterparts in history, if any. Until two years ago, the Louisiana sugar canc industry was slowly dying of wasting diseases. The sugar cane mosaic, carried from plant to plant by the corn aphid, had spread over the entire canc area . A root-rot complex (plants have complexes, like human beings) added to the misery of the Louisiana planter. The only way known to combat these diseases was by thorough "roguing” of the fieldss. but what help was that if entire fields were affected? One might as well dig it all updid dig it up often—and start all over again with a whole year lost. Import Sturdy Variety Then came the “P. O. J." canes, first brought in by Dr. Brancles and his associates in the Bureau of Plant Industry from Argentina, where they had been imported from the “Proofstation Cost Java,” whence the name. These canes had shown a disease resistance that was far superior to that of the varieties commonly grown. They get the mosaic, but it does not affect tlic-m. They may not produce quite as much sugar per ten of Cane, but luey produce so much cane per acre that the net sugar production is much larger. Asa result of Brandes’ study of the various “P. O. J.” canes, three varieties, “P. O. J.” 36, 213 and 234, were recommended for trial in Louisiana, and planted in April, 1922, by Elliott Jones, field manager of Southdown plantation, Homer, Louisiana.

Save “P. O. J." Type And now the romance. The flood threatened Southdown plantation in 1927. Here by this time was the largest nursery of P. O. J. 234 in Louisiana. The “Sugar Bowl” was given up to the flood, and with it most of the acreage of the old, susceptible varieties. If Southdown and its P. O. J. canes were saved, the whole “Sugar Bowl” could be replanted to the disease-tolerant cancs. Would the planters below Southdown consent to the cutting of the levees, so that the P. O. J. canes on Southdown could be saved, even at the expense of overflow of their own lands? They would and they did. Asa result practically all of the sugar district in Louisiana is now growing P. O. J. canes, largely from seed saved by this remarkable demonstration. Anew page lias been turned on which is being written the story of the comeback of an industry which had almost been given up as hopeless. The flood of 1927 was made to serve a useful end. Survives Injuries Ten Hour* TERRE HAUTE, Ind., April 12. George Seldomridge. 67, lived ten hours after suffering a crushed head, several broken ribs, fractured pelvis and mangled left hand at the Dresser coal mine, where he was employed.

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