Indianapolis Times, Volume 39, Number 313, Indianapolis, Marion County, 27 April 1928 — Page 29

APRIL 27,1928.

BUYING SWEEPS MART AS RATE IS HELDSTEADY Retained 4 Per Cent Rate, arid Slight Brokerage Increase, Factors.

Average Stock Prices

Average of twenty industrials Thursday was 210.18. up 1.22. Average of twenty rails was 144.80, up 1.19. Average of forty bonds was 98.92, off .08. By United Press NEW YORK, April 27.—Retention of the 4 per cent rate by the New York Federal Reserve Bank Thursday and the small increase of $15,000,000 in brokerage loans brought a tremendous wave of buying into the stock market today. Railroad shares continued to feature, led by New York Central, which soared to 89, up 3%; Atchison, at 197, up 2%; Texas & Pacific at 144%, up 4, all of them new high records. Buying in the rails was paralleled by a sharp recovery in the industrial list. American Can spurted more than 2 points to 84%; General Electric, 2% to 166; General Motors, 2% to 190; United States Steel, VA to 146%, and Radio, 2% to 18114. Consolidated Gas Up Consolidated Gas featured the utilities, rising to 162 on the initial sale for a gain of 4 points. Ludlum Steel shot up 6 points to 59, anew high, and Victor Talking Machine gained 3% to 90%. Describing the market, the Wall Street Journal’s financial review said today: Stocks moved ahead vigorously in the early dealings, stimulated by the continuation of the local rediscount rate at 4 per cent and by the comparatively small increase in brokerage loans. “Rails were buoyant, reflecting the satisfaction created by the announcement of the sale of Delaware & Hudson’s holdings of Lehigh Valley and Wabash to Pennsylvania.” Trading Speeds Up Stock tickers were forty-one minutes late at noon with dealings at the rate of 5,000,000 shares for the full session. Prices maintained a strong tendency, showing sharp advances in all sections. Consolidated Gas soared to anew high at 165, up 7 points anct a gain of 4 points was made by Brooklyn Elison, the buying based on the belief these companies would merge shortly. Curtiss Aero spurted 4% points to 90%, while Wright Aero was up 5% to 151%. Orders from all sections of the country were coming in for these issues. General Motors gained 4% to 191% and U. S. Steel 1% to 146%.

Banks and Exchange

FOREIGN EXCHANGE By United Press NEW YORK, April 27.—foreign exchange opened higher. Demand sterling $4.87%, up .00 1-16; francs 3.93 5-16, up .00 1-16: lira 5.5.26%c, up .00‘/a; marks 23.91, up .OO'/a; Beiga, 13.96 c.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, April 27.—Trader’s belief that no change would be made in the New York discount rate, coupled with news that a solution was found to end intercompany disputes in the eastern railroad consolidation plans, fired bullish sentiment and developed the broadest market on record. The lack of action on the discount rate gives rise to the question whether or not the Reserve Bank is actually determined to halt speculation as we have been given to believe various press reports. Certainly it is obvious that if the Reserve Board was anxious to accomplish their supposed aim, more drastic pressure could be brought to bear than the renewed selling of Government bonds. The new feature in the market is traders interest in railroad shares and as many of these issues were behind the market indications are that bullish sway will continue. Marriage Licenses Vernon Mason Boson, 28, Milton, farmer, and Elteabeth Arleen Tmplin, 20. of 5109 W. Sixteenth St., stenographer. James William Cornelison. 24, of 322 Indiana Ave., stret car conductor, and Margie New-bold, 35, of 515 N. Capitol Ave., saleslady. Kenneth Ray McCormick. 29. Columbus, Ohio, salesman, and Dorothy M. Kroger, 21, of 411% N. Illinois St., beauty operator. Robert Marvin Wright, 35. of 1624 Boulevard PI.. Janitor, and Desdemona Underwood, 33, of 1731 Bouevard PI., housework. Building Permits 0. D. Borig. dwelling and garage, 5811 Beechwood, $4,150. Frank T. Woolling, dwelling and garage, 3044 Brookside Dr.. $3,000. Mose Rabb. repair, 1311 Ninon, $3,000. R. L. Brokenburr, porch, 2066 Highland PI.. S3OO. E. H. Ehlers. dwelling and garage, 4720 E. Ewelfth. $3,150. Puritan Finance Company, dwelling and garage. 1530 E. Finley, $2,150. Puritan Finance Company, dwelling and garage. 1534 E; Finley. $2,i50. Puritan Finance Company, dwelling and garage, 2256 N. Oxford, $1,950. Hurt & Stow, garage, 235-37 Leeds. S2OO. T. E. Grlnsrade, dwelling and garage, 3537 Wilcox. $1,650. ‘ T. E. Grinslade Construction Company, dwelling- and- ga-arge; 427- N.- Exeter. $1,950. Jose Baltz Company, steam heat, 5536 N. Delaware, S4OO. One Spree Too Many By Times Special GARY, Intf., April 27.—“One time too many,” City Judge C. M. Greenlee remarked while hearing a charge of drunkenness against Stanley Kosera, who had told the court, "it was thfe first time in fourteen years.” The judge added, “ten dollars and costs.” Disgusted Pastor Quits NOBLES VTLLE, Ind„ April 27. “Getting no better fast,” expressed the sentiments of the Rev. R. L. Emery, resigning the First Baptist church pastorate here. The pastor declared that despite his best efforts the congregation continued to dwindle.

O. E. S. Off icers

'

Mrs. Blanche Regett Mrs. Blanche Regett, Clark’s Hill, past worthy grand matron, elected grand secretary of the Indiana Grand Chapter, O. E. S., to succeed Mrs. Nettie Ransford, v resigned.

V )*>'

Mrs. Martha McAdams Zcercher. Past worthy grand matron and editor of the Eastern Star, the official publication of the. order, founded by Mrs. Nettie Ransford.

Funny Art

Rogues’ and Candidates’ Pictures Hang Together.

Hi/ Times Special KOKOMO, Ind„ April 27,-An unidentified person with a sense of humor did some “art” work in the city hall here that did not get even a smile from several candidates. Placards bearing pictures of aspirants for various political offices paper the walls of a city hall corridor. The joker found some pictures from a rogues’ gallery, and placed one beside each candidate’s placard. Flanking the likeness of a candidate crying for “anew deal,” was notice of a man wanted as a “card shark.” A seeker of the sheriff’s office had as a companion a placard concerning “Gyp the Blood,” who had a SSOO price on his head. Another candidate stressing that he was “a friend of the people,” was beside a notice concerning an escaped lunatic described as having a delusion that -he was Mark Hanna. EVERYBODY VOTE~is~ SCHORTEMEIER’S PLEA Those Who Refuse to Go to Polls Branded Slackers. By Times Special VALPARAISO, Ind„ April 27. “Only one-third of the 1,200,000 voters in Indiana took the time and troubleto go to the polls in the 1924 primary,” said Frederick E. Schortemeier, Secretary of State, and Republican gubernatorial candidate, in an address here today, contending “we have government by default.” “How can we expect to have good government if our good citizens are not interested?” said Schortemeieu, bemoaning the fact that only half of the people vote in the general election. “A man or woman who does not vote is a ‘slacker,’ ” he declared. “The person who accepted the privileges of American citizenship without accepting its responsibilities, is not worthy of citizenship. I hope we can have a State-wide movement in Indiana during the next ten days to bring out the largest vote in the history of the State.” ESCAPES HORSEWHIP Wife Beater Sentenced to Jail at Hard Labor. SALT LAKE CITY, Apr. 27.—The beating of his wife and the chasing of her and their six children from home almost cost G. C. Brown a horsewhipping when he was brought before the court of Judge John Morgan here. Passing sentence on the case, the judge said, “A severe horsewhipping should be imposed, but as the law does not grant me that power, I sentence you to serve six months in the city jail at hard labor.”

PORKERS HOLD STEADY TREND AT MART HERE One Load of Choice Hogs Bring $10.75; Calves Drop 50 Cents. April Bulk Top Receipts 20. 9.25(f( 10.40 10.40 5,500 21. 9.50#10.50 10.50 2,500 23. 9.75G/T0.55 10.55 3,500 24. 9.75(?i 10.70 10.70 7.500 25. 9.75( 10.70 10.70 7.000 26. 9.75/<( 10.70 10.70 6.000 27. [email protected] 10.75 7.500 Calves dropped 50 cents or more on the local livestock market today, while hogs were virtually steady. One load of choice porkers sold at $10.75, but the practical top remained at $10.70. Receipts in that division were estimated at 7,500 and there were 557 holovers. Other material was mostly steady. The Chicago market opened around steady with Thursday’s best. Choice material, weighing 180-250 pounds, sold at $10.504110.60. There were 21,000 hogs received and 9,000 held over. All weights in the hog division on the local market were steady today. Quotations are as follows: 250-350 lbs., $10,254? 10.70; 200-250 lbs, $10,604(10.70; 160-200 lbs, $10,257/ 10.65; 130-160 lbs, $9.754i> 10.25; 90130 lbs, $8.2544 9.50; and packing sows. $8,254/9.25. Beef material was weak to lower in the cattle market. Steers sold at $10.50@13, off 50 cents to $1.50, and cows brought 884/11, 25 cents to $2 lower. Others were steady, low cutter and cutter cows selling at $5.50 @7.25, and bulk stock and feeder steers, $7,504? 9.50. Receipts were about 600.

Calves Drop 5 Cents Best vealers sold at $13.594114.50 dropping 50 cents on the hundredweight. Heavy calves were unchanged at $6.504110. Receipts were estimated at 1200. Sheep and lambs were steady with 200 animals in the pens. The top was sl7 and bulk fat lambs sold at sl4@ 15. Bulk culls went at $7.50 ' 1150 and fat ewes brought $6.50 @0.50. —Hoe— Receipts. 7.500; market steady. 230-250 lbs 510.257(10.70 200-250 lbs 10.60// 10.70 ISO-200 lbs 10.25 •( 10.65 130-160 lbs 9.75 /10.25 90-130 lbs 8.25® 9 50 Packing BOWS 8.25 s 9.25 -CattleReceipts. 600; market steady to lower. Beef steers $10,505(13.00 Beef cows 8.007/11,00 Low cutters and cutter cows, . 5.507/ 7.25 Bulk stock and feeder steers. 7.50 ij> 9.50 —Calves— Receipts, 1.200; market lower. Best vealers $13,504(14.50 Heavy calves 6.50>5i.10.00 —Sheep and lambs— Receipts. 200; market, steady. Top fat lambs $17.00 Bulk fat lambs 14.004{16.00 Bulk cull lambs 7.504/11.50 Fat ewes 6.507(> 9.50 Springers 20.00 Other Livestock By Times Special LOUISVILLE, April 27 —Hogs—Receipts 1,100; market steady; best medium and heavy hogs, 175 lbs. up. $lO4/ 10.75; lights and pigs. 175 lbs. down. $8.104'9.85; throwouts and stags. $7,754/8.35. CattleReceipts. 100; market steady; prime heavy steers. $12.504113.50; heavy shipping steers, $114(12.50; medium and plain steers, $9.50 5/11; fat hifers. $8,504/13; good to choice cows. $8,504/ 10.50; medium to good cows, $74/8.50; cutters. $5,504/6.50; canners, $54/ 5.25; bulls. $67/9; fedrs. $8,504/11.50; Stockers, $7,504( 11.50. Calves—Receipts, 200- market steady; good to choice. $10.50 /(/12.50; medium to good. $8,504/ 10.50; outs, $8.50 down. Sheep—Receipts, 50; market steady; top wool lambs, $14.505715; seconds, SB4/11; spring lambs. sl-8; shep, *5.50 4/7. Thursday's snipmen*": Cattle, none; calves, 103; hogs, 334; sht p, none. By United Press PITTSBURGH, April 27.—Hogs Receipts. 1,600; market strong to 10c up; 250-350 lbs, $10,507/11.10; 200-250 lbs, $10,907/ 11.25; 160-200 lbs, 511.154411.25; 130-160 lbs.. $10,754/11.25; 90-130 lbs, $9.75 4/1.75: packing sows, SB4/9.15. Cattle Receipts. 20; calves, receipts, 100; market steady, calves 50c up: bes steers, $11.5047 13.85; light yearling steers and heifers. $lO 4/13; beef cows, SB4/10; low cutter and cutter cows. $5,504/7.50; vealers, $13,507/ 16; heavy calves, $94/14. Sheep—Receipts. 750; market strong; top fat lambs, sl6 50; bulk fat lambs, $134(16.25; bulk cull lambs, $104712.50; bulk fat ews, $6.5043/9.50; bulk spring lambs. $174720.

POWER LOBBY’S HAND REVEALED Utilities Chiefs Opposed to Anti-Injunction Bill. (By Scripps-Howard Newspaper Alliance) WASHINGTON, April 27.—The power lobby is opposed to the Shipstead anti-injunction bill as well as to legislation directly affecting the utilities industry, Josiah Newcombe, of the joint committee of national public utilities, revealed in questioning before the Federal trade commission yesterday. The Shipstead bill is designed to protect labor against the abuse of power by Federal Courts. Newcombe explained members of his organization thought the bill would deprive Federal Courts of the right of summary action and therefore be out of line with the “due process” clause of the Constitution. Newcombe, cross-examined by Judge Robert E. Healy, chief counsel for the commission, revealed also the joint committee is opposed to government operation of power plants at Muscle Shoals and Boulder Dam, to Federal regulation of the power industry, and is interested in taxation and the development of power in navigable streams. SPEAKING OF DAWES At Mention of Hoover Applause Stops Address. By Unitcd.Press NEW YORK. April 27.—The presidential candidacy of Secretary of Commerce Hoover was boosted during a speech in behalf of Vice President Dawes Thursday night before the Young Republican Club. Thomas C. Desmond, president of the club and a Dawes supporter attempted to make a speech at the club’s dinner, but was forced to halt when he casually mentioned Hoover and the cheering made it impossible for him to proceed for two minutes. I Desmond’s speech for Dawes then was completed.

THE INDIANAPOLIS TIMES

Fund Head

11. McK. Landon

Hugh McK. Landon was elected president of the Community Fund, Thursday at a luncheon of the board of directors at the new Indianapolis Athletic Club. Landon is vice president and chairman of the executive committee of the Fletcher Savings and Trust Company and has been affiliated with the fund since its inception in 1920. Other officers elected: Walter C. Marmon, first vice president; Leo M. Rappaport, second vice president; Herman P. Lieber, treasurer.

Commission Row

PRICE TO RETAILERS FRUITS Apples— Fancy barrel apples, seasonable varieties. $6,504/11; fancy basket apples, seasonable varieties. $2.75 i 3.50, 40 lbs.; choice box apples, seasonable varieties. $3,507/5. Grapefruit—Florida. $3417. crate. Lemons —California. $6//6.50, crate. Limes—Jamaica. $3 per 100. Oranges -California navels. $5,757(8.50. crate: Florida. $64/8. crate: California Valencias $4.50 /7. crate. Pears—Washington D'Anious $3 75 half box: Washington Sickle. $3.50 half box. Pineapples—Cuban. $9 crate. Strawberries—Alabama, $6.5037. 24-quart case. VEGETABLES Artichokes—California. $1.50 dozen. Asparagus—California. $5,501/7 crate. Hcans Southern. $4,504/5 hamper: T as strlngiess. ss';/ 5.50 hamper. c.ts—Texas, $3 bushel; home grown. Broccoli—Texas, $3.50 barrel. Brussels Sprouts—3s7/40C lb. Cabbage—Texas. 7@7%c lb. Carrots—California. $4 five-doz. crate: home-vrown. $1: Louisiana, $4 crate. Cauliflower—California. $2 754/ 3 crate. Celery Florida. 53.757/4 crate; California. $3.50473.75 crate. C'elerv Cabbage—s2.2s472 50. Cucumbers—lndiana hothouse, $2 50 for box of 1 doz. Eggplant—H. G. $1.50 do i. Endive—sl 50 doz. bunches. Kale-$1.50 barrel. Leek—7sc bunen. Lettuce—Arizona, head. $44(4.50 per crate; hothouse, leaf. $1.50, 15 lbs. Mushrooms—sl.so47l.7s, 3 lbs. Mustard—Southern. $2 bu. Onions—Home grown, green. 50c doz.; Indiana red and vellow. $4.50 cwt.: new Texas yellow. $3.25 crate; Texas chrystal wax. $4.50 crate. Gvsterplant—4sc doz. bunches. Parsley—6oc doz. bunches; Southern. 65c bunch. Parsnips—Home grown, $1.25 bu. Peas California telephone, $636.50 hamper. Peppers—Florida mangoes. $4.5035 crate. Potatoes —Michigan white, $3,504/3.75, 150 lbs. Minnesota Red River Ohlos. $3.35. 120 lbs.;. Idaho. $3. 110 lbs.; Texas, new $6 Radishes—Hothouse. button. 90c351. Southern long red. 25c. Rutabagas—Canadian. $2.50 per cwt. Rhubarb— Home grown. 50c doz. Shallots—6oc doz. bunches. Spinach—Texas. $1.50 bu. Sweet Potatoes—lndiana Jersey mediums. $2.75 bu.; Indiana Jersey. $3.50 bu.; Nancy Hall. $2 hamper. Tomatoes—s6,so7; 7.50. repacked 6-basket crate; originals. $3,754/4.75. 30 lbs. MISCELLANEOUS Cider—s4.so 6-gal. case: $4.75 doz. halfgal. jars. Garlic—22c per lb. Sassafras—2sl/30c doz. bunches. SEED BTOCB Onions—Red sets, $6.50, 2 bu.: yellow'. $5.30, 2 bu.: Bermuda plants, white. $3.25 per crate of ,6.000; yellow. $3. crate of 6.000. Potatoes—Mam coolers. $5.50 150 lbs.; Minnesota Triumphs. $3.75. 150 lbs.; Red River Ohios, $3 50. 150 lbs.; Certified Red River Ohios. $3.75, 120 lbs. Sweet Potatoes—Selected Indiana Jersceys, $2.75 bu.; Nancy Hall. $2.25 bu.

Produce Markets

Butter (wholesale price) —No. 1, 48® 49c; No. 2. 46® 47c lb. Butterfat (Buyin* price)—47®4Be lb. Cheese (wholesale selling prices, per pound—American loaf. 32® 35c: pimento loaf. 34®37c; brick loaf. 32®35c: Swiss. 39® 42c; Wisconsin fat, 27(®39c; print cream. 25®27c; flat display, 26®27c: Longhorn, 26'2(d27c: New York limberger. 30', j if 32c. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss oil. .26® 21c doz. Poultry (buying price) Hens, 23®24c lb.; Leghorn hens, 19®21c; 1928 spring, 1U to 1% lbs., 35 '<i 38c: 2 ibs. and up, 40®> 42c; Leghorns, 30® 33c: old roosters, 12® 13; ducks, 15c; geese, 8® 10c; guineas, old 33i535c, young 50c. By United Press CLEVELAND. April 27.—Butter—Extras in tub lots, 474i®49%: extra firsts. 44'is #46*/2C: seconds, 40V 2 ®42Vic. Eggs—Extras, 33c: extra firsts, 31c; firsts, 2816® 29c; ordinary. 2716 c. Poultry—Heavy, broilers, 45®50c; Leghorns. 37® 42c: heavy fowls. 304731 c; medium stock, 28®30c; Leghorns, 24®26c; old roosters, 17® 19c. Po-tatoes—lso-lb. sacks round whites, Ohio. Minnesota, Wisconsin and Michigan, $3.40 ®3.50; 120- lb. sacks, Minnesota, $2.40® 2.50; Ohio. $2.50®2.75; 110- lb. sacks, Idaho Russet Burbanks, $2.50®2.65; Flordia Hasting. slo® 10.25 per barrell; Texas, 100-lb. sacks new reds. $4.85@5.

Local Wagon Wheat

Local grain elevators are paying $1.91 for No. 2 red wheat. Other grades are purchased on their merits. FATHER MONAHAN TALKS Lafayette Pastor Addresses Kiwanis Club at Claypool. The Rev. Lawrence Monahan, Lafayette, addressed the weekly luncheon of the Kiwanis Club in the Riley room at the Claypool on the importance of religious training for the young. Father Monahan, who is pastor of St. Mary’s Catholic Church, pointed out the fact that Catholic schools are maintained at a sacrifice, to assure this training for Catholic youth. The Rev. M. W. Lyons, pastor of Our Lady of Lourdes Catholic Church, presided at the “Catholic day” ceremonies. The Rev. E. F. Mellen of the Catholic community center sang a group of songs. Vincent Barnett, comedian with Earl Carroll's Vanities, at the English Opera House this week, also entertained the club with impressions of a cabaret waiter, and humorous stories. Seymour Merchant Dies By Times Special SEYMOUR, Ind„ April 27.—John W. Conner, 79, a merchant here forty-two years, is dead after a two weeks illness of heart disease. He was the father of John H. Conner, Seymour newspaper publisher. Funeral services will be held Saturday afternoon.

WHEAT FUTURES OPEN HIGHER IN GRAINPITAGAIN Major Cereal Soars Nearly 2 Cents, With Corn and Oats Up. By United Press CHICAGO, April 27.—Wheat futures soared into another sharp advance at today’s opening on the Board of Trade. Much-needed rains over the southwest winter wheat failed to materialize and the situation theie is extremely dangerous according to reports. Com and oats followed wheat with fractional advances. Wheat opened 1 to 1% cents higher; com % cent lower to % cent higher; and oats, unchanged to % cent higher. Provisions slumped sharply. Kansas and Nebraska wheat fields are still in acute drought, danger and reports indicate there is no sign of relief. Unexpected strength developed at Liverpool and the general tone in world markets was strong. The trade Is awaiting private winter wheat reports to be released next Tuesday. These reports are expected to be very bullish. Com receipts are holding fairly large, but cash demand from industries continue strong. There is nothing of great importance in current com news. Light stocks and unfavorable growing weather for the new crop are the strengthening influences in wheat. By Times Special CHIC AOO April 27.—Carlots: Wheat, 15; com. 155; oats. 77; rye. 1. Chicago Grain Table . —April 27 Wheat—- Prev. High Low. 12:00 close. May 1.63 I.CO', 1.63 1.59’* July 1.62% 1.59% 1.62% 1.59 September ... 1.59% 1.56% 1.59% 1.55 3 * Corn— Mav 1.07% 1.06% 1.07% 1.06% July 1.10% 109% 1.10% 1.09 5 , September ... 1.10% 1.09% 1.10% 109% OATS— May 65% .63% .64% .63% July 58% .57% .58% 57 s * September .... .49’, .48% .49% .48% RYE— Mav 138% 1.37% 1.38 1 37% JulV 134% 132', 134 1.32% September ... 1.22 1.19% 1.22 120% LARD — Mav 12.27 12.17 12 27 12 27 July 12 57 12.50 12 57 12 60 September.. 12.87 12.80 12.87 12 90 RIBS— Mav 11.85 11.85 11.90 July 12.32 12 32 12 27

How the Price of Wheat Was Fixed Government Records Prove That the Fair Price Commission Named by the President Fixed Wheat Price HERBERT HOOVER Had No Part in This Action

IF ever the American farmer needed a friend it was during the World War, with world markets at first disorganized and afterward controlled by European purchasing agencies. The record shows that it was largely due to the efforts of Herbert Hoover that the American farmer was saved from ruinous price depreciation during the later stages of the war, and after the armistice from bankruptcy threatened by the withdrawal of foreign orders for American food stuffs. _ Hoover Protected the Farmer^ Fortunate it was for the American farmer that during these crucial periods Herbert Hoover stood in a position of world-influence where he could circumvent tendencies which would have broken the back of American agriculture. Herbert Hooverduringthe World War stood firmly and squarely for the protection of the American farmer and it was through his intercession that steps were taken to safeguard the interests of American agriculture. The Allies had been able, finally, to buy in the Argentine and in Australia all the wheat they believed they required at $1.50 a bushelandsoinformed the United States that is all they would pay for American wheat. Thereupon, at the suggestion of Mr. Hoover, the administration informed the Allies that if they bought their wheat of other nations at that price, they need not depend upon American boats for the shipment of other supplies. That ended that. But, to protect the American farmer against speculators who had been able at one time to run wheat prices up to $3.30 a bushel after paying the farmers about $1.30, it was necessary for the government to fix an equitable price.

Hoover today is the one man pledged to the Coolidge program Vote for Hoover for President at the Primary, May Bth (Paid Political Advertisement)

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. April 27.—Some sort of a reaction would be the natural thing In the cotton market. We expected it Thursday. It may come today. The market will disappoint the bears, however. As soon as they get their cotton sold we expect a quick change and another upward movement.

Indianapolis Stocks •

—April 25 Bid. Ask. Amer Central Life 600 Belt R R & S Yds com .... 69% ... Belt R R & S Yds pfd 60 Central Ind Power Cos pfd ..100 102 Circle Theater Cos com 102% ... | Cities Service Cos com 58Vi ... Cities Service Cos pfd 100V4 ... Citizens Gas Cos com 56% 57% Citizens Gas Cos pfd 102 103 V* Commonwealth Loan Cos pfd.. 102 Equitable Securities Cos com.. 45 50 Hook Drug Cos com 30% .. Indiana Hotel Cos aora 125 ... Indiana Hotel Cos pfd 101% ... Indiana Service Corp pfd .... 93% ... I Indianapolis Gas Cos com 62 Indpls & Northwestern pfd Irdpls P and L 6 Vis pfd 106 107 Indpls P & L 73 103 Indpls Pub Yel Ln Assn 47% ... Indpls St Ry Cos pfd 32'% ... Indianapolis Water Cos pfd... 103V* ... Interstate P S pr lien pfd 105'% ... ! Interstate P S C 6s pfd 97% 100 Merchants Pu Utilities Cos pfd. 101 ... North Ind Pub Sorv Cos pfd...103 103% Northern Ind Pub S Cos 75.... 112 Progress Laundry Cos com .... 29 E Raugu & Sons Fert Cos pld. 50 ... Real Silk Hos Cos pfd Standard Oil of Indiana 78% ... T H I Ac E Trac Cos com 1 ... T HI 4 E Trac Cos pfd 12 ... T H Trac & Lt Cos pld 83 ... Union Trac Cos com Vi Union Trac Cos Ist pfd 1 Union Trac Cos 2nd pfd % Union Title Cos com .. 82 Van Camp Pack Cos pfd 7 Van Camp Prod Ist pfd 98 101 Van Camp Prod 2nd pfd ... 90 98 •Ex-divldend. —Bonds— Belt R R & Stk Yds Cos 45.... 92 Broad Ripple Trac Cos 5s ... 81 Central Ind Gas Cos 5s 100 ... Central Ind Power Cos 6s ....104 ... Chi S B & N Ind Rv 55....17% ... Citizens Gas Cos 5s 105 citizens St R R 5s 90 92 Vi Gary St Rv 5s 91'% 93 Home T&Tof Ft Wayne 65.. 103% ... Indiana Hotel Cos 5s 101 Ind Northern Trac Cos 5s 6 Ind Rv A; Lt Cos 5s ..... 98% ... Ind Service Corp 5s 98 Indpls Power and Lt Cos 55.. 101 Vi 102 Ind Union Trac Cos 5s ... Indpls Col & So Trac 6s 102 Indpls Gas Cos 5s 102% 103% Indpls & Martins Trac Cos 55.. .. Indpls North Trac Cos 5s ... 14 Indpls At Northw Trac Cos 5s Indpls St Rv 4s 67 Vi 68% Indpls Trac & Term Cos 55... 96% 97% Indpls Union Ry 5s 102% ... Indpls Water Cos 5%s 104 105 Indpls Water Cos Ist 5s 100 Indpls Water Cos 4%c 98% 99% Indpls Water Sec Cos 5s 98 99% Interstate Pub S Cos 4%s 94 Interstate Pub S Cos 6%s 105 Vi ... Nor Ind Pub Serv Cos os 103 ... T H I & E Trac Cos 5s .... 75 T H I Ac E Trac Cos 5s Union Trac of Ind Cos 6s 13Vi 14 —Liberty Bonds— Liberty loan Ist 3%s 101.20 101.20 Liberty Loan Ist 4%s ...... 101 88 101.98 Librt Loan 3d 4%s 100.24 100.34 Liberty loan 4th 4%s 102.76 102.84 ; U S Treasury 4'is 114.72 114.82 U S Treasury 4s 109.66 109.74 ! U S Treasury 3%s 106.86 104.93 | U S Treasury 3%s 101.90 102. —Sales—- ! 10 sh. T H Trac A: Lt pfd 93% ; 10 sh. North Ind Pub See 103% 1 $2,000 Citizen Street R. R 90

President's Fair Price Commission To find out what price would be fair to the fanner the President named the Fair Price Commission for wheat, 1917 crop, which after careful and exhaustive deliberations during August 17-30, 1917, recommended to the President that the price for No. 1 Northern spring wheat be fixed at $2.20. Since then the Farm Representatives on the Commission have issued a state 1 - ment which included: The minutes of the committee’s deliberations, August 17-30, 1917, acer- - tified copy of which was delivered to each member before the final adjourq- , ment, evidence the care taken by the committee to prevent outside interference. After many formal and informal ballots it was voted unanimously to recommend to the President that the price- • for No. 1 Northern spring wheat be fixed at $2.20. Only members of the committee were admitted after balloting began; all were present except Mr. Rhett, and none left the room until a statement addressed to the President had been prepared and approved by the committee. The conclusions of the committee were not made known to Mr. Hoover until after this statement had been approved. In reaching its conclusions the committee kept constantly in mind the three following factors, as stated in its report to the President: the fact that the United - • States was at war; the need of encouraging the producer, and the necessity of preventing speculation and profiteering. In accepting the recommendations of the Fair Price Committee the President issued a statement August 30, 1917, in the course of which he said: “The price now recommended by that committee, $2.20 per bushel at Chicago for the basic grade, will be rigidly adhered to by the food administration. Mr. Hoover, at his express wish, has taken no part in the deliberations of the committee on whose recommendation / determined the government’s fair price, nor has he

EDITORS FAVOR HOOVER Poll of Newspapers Taken by National G. O. P. Magazine. By Times Special WASHINGTON, D. C.,-April 26. Republican editors throughout the country favor Hoover as the next President, according to a poll of newspapers conducted by the National Republican Magazine. A Hoover preponderance as first

Delicious FriedChicken that satisfies your longing for “the kind that mother used to make” — now being served on Monon dining cars to Chicago*

MONON ROUTE

FRANK V* MARTIN Gen. Agt. Pass. Dept." 114 Monument Place Indianapolis HO4O

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HERBERT C. HOOVER Born in the corn belt, the son of a village blacksmith. Orphaned at an early age he was reared by relatives on a farm.

in any way intimuted an opinion regarding that price." (Signed) Charles Barrett L. J. Taber E. D. Funk W. J.SIIORTniLL Hoover Urged Fanners' Protection Harry G. Garfield, Chairman of the President’s Fair Price Commission, is authority for the following / statement: hiade in a letter under date of October 18, 1927, to the Kansas City, Mo., Star; “I am the more willing to reply to your,letter in view of the persistent misstatement that Secretary Hoover determined the price. Mr. Hoover had ah solid cfy no p‘art in the matter other than to urge upon President Wilson that some action be taken to protect the American farmer. Mr Hoover was not . . a .member of the commission and took no part in its deliberations or conclusions.” Farmers' Tribute to Hoover Few indeed are the men found in the service of this country who possess the administrative and organization capacity, and the ability to achieve great things, to the extent that Herbert Hoover possesses them. His valuable services to agriculture and the farmer; his marked and outstanding characteristics making for success; have won for him the approbation of farmers everywhere and the following tribute expressive of a multitudinous opinion, was published in the Saturday Evening Post, issue of April 14, 1928: “Had he been made Secretary of Agriculture he would have done for the farmers even more than he has done for the manufacturers and business. Friends of the farmer openly lament that they could not draft his constructive leadership for the cause of agriculture. No other man in America could have done so much to put American farming on a sound basis of deserved and permanent prosperity."

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or second choice is shown, it is as~ serted, in every State except) Missouri. Republican editors lined up as follows: Hoover, 1,085; Lowden. 884; Coolidge, 226; Dawes. 144; Curtis, 133; Norris, 85; Watson, 52; Borah, 23; Hughes, 18, and scattered 11. Richmond Home Telephone Company yesterday petitioned the public service commission for increased rates on hotel phones.