Indianapolis Times, Volume 39, Number 322, Indianapolis, Marion County, 8 May 1928 — Page 14

PAGE 14

RADIO SOARS TO RECORD HIGH II (MG TRADES Westinghouse and General Electric Stock Carried Up With Leader.

Average Stock Prices

Average of twenty industrials Monday ■was 219.51. up 1.85. Average of twenty rails was 146.35, up .49. Average of forty bonds was 99.02. off .05. Bn Inited Press NEW YORK. May B.—Radio Corporation soared to anew high at 206 in the early dealings on the stock market today and took with it the companies owing large amounts of the stock—eneral Electric and Westinghouse Electric. The market in general was irregular with a considerable amount of profit-taking going on. Steel Common sold off 1% to 146 it. General Motors dropped 314 to 20514. Curtiss Aero soared 214 points to 12514, anew high record. Standard Gas led the utilities, rising to anew high at 74% up %. American Telephone & Telegraph also was strong, gaining 14 to 19816, Others Move Up Victor Talking Machine moved up 1% to 9918, while International Combustion gained 314 to 6414. Rails were strong under the leadership of Union Pacific. Rock Island, Canadian Pacific and Missouri Pacific made new highs. Describing the market, the Wall Street Journal’s financial review said today: “Monday’s sweeping advance in the main body of stocks carried both the industrial and Railroad averages as compiled by Dow, Jones „ & Cos. to further record hghs. With the whole market showing indications of powerful buying, speculative enthusiasm continued undiminished and leaders pushed ahead !n the early dealings on large transactions.

Moves Irregularly The market moved irregularly in the late morning. Profit-taking went head in several of the leaders, notably General Motors, while U. S. Steel and several of the issues bid up Monday were under pressure. At the same time new highs were made in several groups, including such issues as Pathe Exchange and the A stock, Continental Motors and Curtiss Aero, the latter at on? time being up 10 points at 133. Electric Auto Lite, after reaching anew high at 211%, fell back to 209, off % net. Canadian Pacific continued to lead the rails, rising to anew high at 223, up 1%.

Banks and Exchange

\EW YORK STATEMENT Bn I iiitcd Press NEW YORK. May 8. -Bank clearings today were $1,487,000,000. Clearing house balance was $130,000,000. CHICAGO STATEMENT B" t iiited Pr< ss CHICAGO, Fla” B.—Bank clearings today were 5162.800.000. Clearing house balance was $"6,300,C00. FOREIGN EXCHANGE Bn < nit cl Pr>-xs NEW YORK, May 8. Foreign exchange opened steady. Demand sterling, $4,87 s a. on .00 1-16 c: francs. 3,93%c: lira. 5.26%c: belea. 13.96'': marks. 23.99%c, off .00'ic. TREASURY STATEMENT Bn l niteet Pr sn WASHINGTON, May B.—The Treasury net balance for May 5 was 117,225.026.95. Customs receipts this month to May 5. were $7,736,794.96. LIBERTY BONDS Bn l. nr ted Press NEW YORK. May 8. -Liberty 3%s opened at 101.9. up 3; Ist 4Us. 102.4, off 2; 3rd 4*4s, 11.8; 4th 4%5. 102.37.

In the Stock Market

ißv Thomson & McKinnon) NEW YORK, May 3.—A feature In the market ot the moment is the list of securities leading the advance. These issues are, in the main, those which were holding firmly to their previously best prices and are representative of dominant factors in their - particular line of endeavor. This brings to mind the possibility of more activity and an advance in the market valuation of other stocks in similar position, but In industries where improvement is due such as Sugars, Rubbers, Oils. With the Delaware and Hudson meeting scheduled for today some official news as to the distribution of the receipts from the sale of Wabash and Lehigh Valley may be made and at the same time a clear idea as to whether Pennsylvania is to hold or distribute part of the ownership to the other Eastern Trunk lines. With the stock markets of New York, London and Paris, sustaining new record volume and prices, speculators are being treated to a spectacle never before witnessed. That this condition can exist in face of repeated effort on the part of Central Banking Agencies to curb the fervor is eloquent proof of confidence by the trading public and except for temporary breathing spells now and then, this confidence gives no sign of abatement.

Locai Wagon Wheat

Local grain elevators are paying $1.93 for No. 2 red wheat. Other grades are purchased op. their mer'ts. SUGAR OPENING Bn United Press NEW YORK. May B.—Sugar futures opened lower. May. 2.62, off .02; July 2.76, off .01: September. 2.86. off .02; December. 2.93, o .03: January. 2.85, off .03; March. 2.79, off .03. Dies of Alcoholic Poisoning Bn Times Sped at NEWCASTLE, Ind., May B.—Earl Sample, 52, former judge of Hancock Circuit Court, Greenfield, is dead here of poisoning from drinking denatured alcohol. His body was found in his room at a hotel here. Sample came here recently with the intention of opening a law office. He had practiced in Indianapolis, Gary and Greenfield.

We loan money at 8%. repayable in weekly Installments over a period of a year. SCHLOSS BROS. Investment Cos. 123 Pembroke Arcade

New York Stocks

“ (By Thomson & McKinnon)

—•May 8— _ Railroads— Prev. High. Low. 12:00 close. Atchison 195 194 Vs 195 19* Atl Coast Line 191 Vi Balt & Ohio HI , Canadian Pac ..22344 222% 223% 22114 Chesa & 0hi0...20114 it 30114 20114 Chi & A1t0n.... 13la ™. 1314 1314 Chi &N West... 91 % ... 91% 921a Chi Grt West... 14% ... 14% 1414 C R I & P 11814 117% 118% 117 Del <Sc Hud50n...212% ... 21214 213% Del & Lacka 143 Erie 59% ... 5914 69Vs Erie Ist pfd , 58Vs Grt Nor pfd ....105% 105 105% 105 111 Central 143 Lehigh Valley ...102% ... 102 102% Ken City South 57 4 Lou & Nash ....153% ... 153% 15314 M K & T 38 Mo Pac pfd ....119% 118% 119 119 N Y Central ....186 185’% 185% 185% N Y C & St L.. 138 ... 138 136 NYNH&H... 66% ... 65% 67 Nor Pacific 102 ... 102 10214 Norfolk & West.l9o% ... 190 191 Pere Marquette .140 139 140 140 Pennsylvania ... 67% 6714 67% 68 P & W Va 152% Reading 113% 113 113% 112% Southern Ry 165 Southern Pac ...125% ... 125% 125% St Paul 38% ... 38Vs 38% St Paul pfd ... 49Va ... 49% 50 St L & S W 85Va ... 85Va 85% St L & S F 120% ... 120% 120% Texas & Pac 141 Onion Pacific ..202% ... 202% 202 West Maryland.. 52 50 52 50 Wabash 87% 87V* 87V4 87 Wabash pfd 99 Rubbers — Ajax 10% ... 10V4 10% Fisk 16 ... 15% 16 Goodrich 9T 92% 93 92% Goodyear 54% 54% 54% 54% Kelly-Spgfld .... 22 21 22 21 Lee 22*4 ... 22 % 22% United States ... 44% ... 43% 43% Equipments— Am Car & Fdy .. 105 ... 104% 105 Am Locomotive.. .. 107 Am Steel Fd ... 65 ... 64% 65 Baldwin Loco ..26014 ... 260V4 260 General Elec 174 170% 173 168% Gen Ry Signal.. 91 ... 90% 92 Lima Loco 5814 ... 58Vi 59Vs N Y Air Brake.. 45'% ... 45 44% Pressed Stl Car 24 Pullman 89'% 89 89V4 89*4 Westingh Air B. 50 ... 49Vi 49% Westingh Elec..llo 108% 109 103 Steels—

Bethlehem .... 62% 61% 62 62 Colorado Fuel.. 75 74% 75 74% Crucible 86% ... 86 88 Gulf States Stl 66% Inland Steel 56*4 Phil RC & I .. 31% ... 31% 31% Rep Iron & Stl. 60% ... 60% 60 Sloss-Sheff 119 u S Steel 147V4 146V4 146% 14f-,a Alloy 35% ... 35 35 Younstown Stl.. 89% ... 89% 89% Vanadium Corn.. 91 89% 91 88 Motors— Am Bosch Mag. 35 33% 34 31% Chandler 19% 19 19% ... Chrysler Corp. 74% ... 73 Va 74% Conti Motors.. 14 13% 14 13% Dodge Bros .... 18% ... 18% 19 Gabriel Snbbrs. 17% ... 17% 18% General Motors. 208 205V* 205% 208% Hudson 91 Hupp 57% 57Vs 67Vi 57% Jordan 12% ... 12 12 Mack Trucks.. 88% ... 88 88% Martin-Parry... 17 ... 17 Moon 10% 10 10V4 10 Motor Wheel .. 35% 35% 35% 36 Nash 91% 91% 91 Vi 91 Va Packard 71% ... 71% 71 Vi Peerless 21 ... 21 Paige 36U ... 35% 36% Studebaker Corp 68% ... B'i 634* Stew Warner.. 95% 95 95% 94% Stromberg Carb. 69% ... 69% 69 Timken B’~r.. 128% ... 128 128% Willys-Overland 25% 25 25 25% Yellow Coach.. 39% ... 39 1 4 39% White Motor.. .36% ... 36% 36 Mining— Am Smlt & Rfg 192 ... 191 = 4 192 Anaconda Cop. 72 71 Va 72 71*4 Calumet fz Ariz.lo2% ... 102% 104 Vi Cerro de Pasco. .. ... .. 69% Chile Conner.. 42% ... 42% 42% Greene Can Cop 119% ... 119% 118% Inspiration Cop. 22% ... g 22 22 Int Nickel 95% 95 r 95 U 94*i Kennecott Cop. 88% ... 88% 88% Magma Cop 49% 49% 49% 49% Miami Copper. 19 '4 ... 19% 19 Texas Gulf Sul. 72% ... 72% 73 U S Smelt 45 ... 44% 45 Oils— Atlantic Rfg... 133% .... 133 134% Cal Petrol 3Jli i Frecnort-Texas. . 74=4 74 74 74% ! Houston Oil 141 146% 147 146*., I Indn Oil & Gas 28% ... 28% 28% Mariand 0i1... 41% 40% 41 41% Mtd-Cont Petrol 31% 31 31'4 31U Lago Oil & Tr.. 36% ... 36% 36% Pan-Am Pet B. 51% 51 51% 52 Phillios Petrol. 42 ... 41% 42% Pro & Rfgrs ... 24% . . 24% 23% Union of Cal... 53Vi 53 53V* 53% Pure Oil 25 ... 25 25 Royal Dutch ... 54% 54% 54% 54% Shell 30 29% 30 30 Simms Petrol .. 23% ... 23% 23% Sinclair Oil 28'. 27% 27% 28% Skeilv Oil 31 % ... 31=4 31% Std Oil Cal 61% ... 61% 62 Std Oil N J 45*4 ... 45'i 45'. Std Oil N Y... 37% 37V* 37f. 37*4 Texas Coro .... 62% 62'/* 62% 62Vi Transcontl .... 8% ... B*4 B*4 White Eagle .... 24*4 ... 21*4 ... Industrials— Adv Rumelv 33*4 ... 33% 34 Allis Chalmers . .129% ... 129 128 Allied Chemical 165** 165% 165*4 165 Armour <A> .... 16*4 ... 16% 16% Amer Can 93 92% 92% 93 *4 Am H L pfd • 53 Am Linseed .98% ... 98% 98% Am Safety Raz.. .. ... ... 62*4 Amer Ice 39% ... 30% 40 I Amer Woolen . 22% . . 22% 22% i Curtis 132 125 *4 129 123 j Coca. Cola 163% Conti Can 11l ... 11l 112 Certainteed . .. 60 Congoleum .... 28% 28% 28% 28% Davison Chem.. 53 ... 53 53 Dupont 400 Famous Plavers 128% ... 128*4 129% Oen Asphalt ...89% ... 89% 89% Int Bus Mch .. . . 130% Int. Cm Engr.. .. 65 62% 63 60% Int Paper 79 78% 79. 78% Int Harvester... ... 258 Lambert 116% ... 116% 116% Loews 74% Kelvinator 20% 20V* 20% 20% Montgom Ward. 139*4 138% 139*2 138% Nat! C R .59% 59 59% 59% Pittsburgh Coal 46 Owens Bottle ... 88 % Radio Corp 209 203 206*'• 2% Real Silk 28% 28 28*4 27% Rem Rand ... 31% 30Vi 31% 31% Sears Roebuck ..10174 ... 101 101% Union Carbide. .157 V, ... 157% 157% U 8 Leather ... 5074 ... 5074 50. Unlv Pipe 25% ... 25% 25% u 8 Cs irH .he ... r.,rrl'e&SA LEc U 8 Cs Ir Pipe 269*4 U S Indus A1c0.115*4 ... 114% 116% Wright 164 163 164 163% Wool worth C0..189*4 189*4 189*4 189 Utilities— Am Tel <& Te 1.198% ... 198*4 198V* Am Express ...192*4 ... 192*4 191 Vi Am Wat Wks .. 68 ... 67% 68 Brklvn-Manh T 72 ... 72 71% Col G & E 114% ... 114 115*4 Consol Gas ....167% 166% 167 168% Elec Pow <fc Lt. 47% 47*4 47% 47*4 Interboro 53% ... 52% 5334 Nor Am Cos .... 77% ... 77 77% Nat Power 36*4 ... 36% 36 Peoples Gas ...178*4 ... 177% 179 So Calif 51% ... 51% 51% Std Gas &El .. 74*4 74*4 74*4 74 Utilities Power. 38% ... 38*4 38% Shinning— Am Int Corp .. 96% 98 96*4 94*4 Am Ship & Com 5*4 ... 5% 5*4 Atl Gulf &W I. 48% ... 47% 47*4 Inti Mer M pfd 43% 42% 43 4134 Foods— Am Sug Rfg 74% Am Beet Sugar .. ... ... 15% Austin Nichols.. 634 8% 6% 6*4 California. Pkg. 77% 77% 77% 77%

Produce Markets

Butter (wholesale price) No. 1. 46@ 48c: No. 2, 440*450 lb. Butterfas (buying price)—46c lb. Cheese (wholesale selling prices, per pound)—American loaf, 32®35c; pimento loaf. 34037 c; brick loaf, 32<g35c; Swiss. 39® 42c; Wisconsin fat, 27®32c; print cream, 25@27c! flat display, 26®27c; Longhorn, 26’/z(B>27c; New York limberger, 30Y2 ®32c, Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off, 26@27c doz. Poultry (buying price)—Hens, 21@23c lb.; Leghorn hens. 18020 c; 1928 spring, l'/t to 1% lbs.. 32'535c; 2 lbs. and up. 35®37c; Leghorns. 28@30c; old roosters, 10® 12c: ducks, 15c; geese, 8@10c; guineas, old 33® 35c, young 50c. By United Press NEW YORK May B.—Flour—Dull and unchanged. Pork—Firm. Mess —$32.50. Lard—Steady: midwest spot, $12.15012 25. Sugar—Raw, quiet; spot, 96 test, delivered duty paid, 4.49 c; refined, quiet; granulated, 5.95®6c. Coffee—Rio No. 7 on spot, 1514 c; Santos No. 4, 22 3 ,4®,23 , 4c. Tallow —Steady: special to extra. BH@8 3 /c. Hay —Firm; ho. 1. [email protected]<n No. 3, 70 095 c; clover, [email protected]. Dressed poultry— Steady to firm; turkeys, 30®46e; chickens, 24®53c; broilers. 40®54c; capons, 38@53c; fowls, 15032 c; ducks, 15@18c; ducks, Long Island, 21® 22c. Live poultry—Steady; geese, 10c: ducks, 15®24c; fowls, 26®27c; turkeys, 200 25c; roosters, 16c; chickens. 20@33c; broilers, 25®55c. Cheese—Steady; State whole milk, fancy to specials. 29Vi® 30Vic; young America, 25 1 /i@26c. Potatoes —Long Island, s2® 5.10; Jersey, basket, 75c 0/ si; Southern, $205.50: Maine, $2.50® 4.25; Bermuda, $4(@>5.50. Sweet Jersey, basket. 60c®53.50. Butter—Steady; receipts, 17,365; creamery, extra, 44>/hc; special market, 45@45’/aC. Eggs—Firm; receipts, 61,359; nearby white fancy, 35® 37c; nearby State white, 30@34>/ic; fresh firsts. 29 3 /4'®3o%c; Pacific Coast, 29® 38c; western white, 29@32V4c; nearby brown, 30Y2@36 ! /3C. By United Press CLEVELAND, May B.—Butter—Extra in tub lots, 46‘/a@4B ! .ic; extra firsts, 43Vi0 45Vic: seconds, 39 , i@41 , /zC. Eggs—Extras, 33®33Vic; extra firsts, 32c; firsts, 29Vi(ffi 30c; ordinary, 26c. Poultry—Heavy broilers, 45#48e; Leghorns, 37040 c; heavy fowls, 27®28c; medium stock. 270 29c: Leghorns. 23@24c; old roosters, 16@17c; ducks. 25 0 28c. Potatoes —150-lb. sacks, round white, Ohio, Wisconsin, Michigan, $3 1"® 3.25; Mlnesota, $3; 110-lb. sacks, Idaho Russet Burbanks, [email protected]; Florida, Hastings. [email protected]; Texas, 100-lb. seeks, red, $3.75@4.

Corn Products. 78% ... 77% 78% Cuba Cane Su p 29*4 29 29*4 30*4 Cuban Am Sug. 21% ... 21% 213* Floischman Cos. 75 V 475 75 V 475 Jewel Tea 95 ... 94 94 Jones Bros Tea. 31*4 ... 31*4 31*4 Natl Biscuit ..170% ... 1709a 170% Nat Dairy .... 839a ... 8234 83*/ a Postum Cos ....123*4 ... 1233a 123% Tobaccos— Am Sumatra 58 Am Tobacco 166% ... 16634 167 Am Tob B 1659a ... 165% 16534 Con Cigars 86*4 ... 86% 87V* General Cigar .. 67 ... 67 67 Lig & Meyers ...102 101 Vi 102 101% Lorillard 33*4 ... 33*4 33% Tob Products 8.114% ... 114*4 11434 United Cigar St. 30*4 ... 30'i 30 Schulte Ret Strs 6434 64*4 64*4 64% WHEAT FUTURES SLUMP SHARPLY IN OPENING PITS Corn and Oats Follow Leader in Downturn on Chicago Board. Bn United Press CHICAGO, May 3.—Weaker Liverpool quotations and favorable weather reports sent wheat into a sharp slump at the opening on the Board of Trade today. Prices were off % to 1 cent, with no quotation for May.

Corn was also off at the opening. M to % cent and oats were down Vs to Vi cent. Provisions were sharply higher. Bearish reports featured wheat. Liverpool prices were lower than expected and weather reports were favorable. The general belief of traders is that the heavy selling Monday has taken the edge off the market for the present. Good absorbitive power was shown. Com sentiment is mixed and there is much selling on the bulges. There is a liberal short interest in this grain, however, and hedge sales are easily absorbed. The cash demand for oats continues good and the market generally shows strength. Reports from the field indicate that the crop has a poor start. Stocks here are small. Chicago Grain Table —May 8— WHEAT— Pr-v. High Low. 12 00 rlo -. May 1.60% 1.58% 1.60 !.: Julv 1.60*4 Isß*a 1.60 i.ea September .. 1.59 1.56*4 1.59 1.58*4 CORN— May 1.08*4 1.07 4 1,07** 1 08% Julv I.ll*B 1.10% 1.11 1.11% September .. 1.11*4 1.10% 1.11 1 11% OATS- i Mav 64*4 .83% ,64% .64 Julv 58% .57% .58*, .58'4 September .. .48’ a .48 .43% .48Va RYE— Mav 1.36 1.34*4 1.35 137 Julv 1.31*4 1.30*4 1.30*4 1.32 V, September .. 1.20% 1.19% 1214 LARD — Mav 12.02 12 00 Julv 12 32 12 27 12 22 September ..12 65 12.62 12.55 October 12 80 ..... 12.70 12 70 RIBS— July 12.35 12.35 12.30 Bn Times Spec in l CHICAGO. May B.—Carlots: Wheat. 352; corn, 563; oat3. 123: rye, 3. Bn Times Special CHICAGO. May B.—Frimarv receipts: Wheat, 878.000, against 533,000; corn. 1,264.000, against 353.000; oats, 412,000, against 370.000. Shipments: Wheat. 624.000. against, 657.000: corn. 968.090. against 324.000; oats. 1,004,000, against, 409.000.

The City in Brief

Miss Vera Verry, 16, who was taken from her room, 325 S. Noble St., to city hospital after she drank poison in a suicide attempt Monday night, was reported recovering today. She had written to her father at Vincennes, *nd., saying that she was tired of Hung. An attempt to extort $2,500 from Otis C. Strickler, editor and publisher of the Middleton find.) News, has been admitted by James Barry, 24, Plaza Hotel, and Edward Reynolds, 28, of Y. M. C. A., who are held in jail in default of $5,000 bonds, detectives said.

Miss Margaret Shipp, manager of the safe deposit department of the Fletcher Savings and Trust Company, will depart from Indianapolis May 15 for New York City, to attend the national safe deposit convention May 18 and 19. The Salvation Army divisional conference closed with a dinner for officers at the Severin on Monday night. Sixty-five officers from twenty-seven posts attended the sessions. Twenty-seven volunteered for work and will be sent to the training school in Chicago. All officers of the Indianapolis Christian Church Union were reelected at the May meeting at the Board of Trade Monday noon. They are James H. Lowry, president; James A. Stuart, vice president; Walter L. Shirley, secretary; O. R. Burgess, financial secretary, and Charles E. Hill, treasurer. Indianapolis Association of Western Union' Employes will have a special program in honor of the birthday of Samuel F. B. Morse, Inventor of the telegraph, at their regular meeting Wednesday night at the Denison Hotel. Entertainment was planned by Mrs. Robert Schwarzer, assisted by Mrs. Robert Clegg and Mrs. Paul Brown. Boys Given Seed Com By United Press RUSHVILLE, Ind., May B. Nearly a hundred Rusn County boys attended the fourth annual boys’ com club project here and received fifteen pounds of tested corn for the project this year. The boys, accompanied by their fathers and' their sponsors, met in the courthouse where the seed was distribubuted.

Ustes Plane to Get News By Times Special LAFAYETTE, Ind., May B.—An airplane was used at Purdue University for news gathering by W. Floyd Keepers, Chicago, managing editor of the Prairie Farmer. Keepers and his pilot, M. D. Altor, flew here from Chicago in an hour and forty-five minutes. The plane was purchased by the farm publication for use in gathering news in Illinois, Wisconsin and Indiana.

THE INDIANAPOLIS TIMES

HEAVY PORKERS STRONG TOIO CENTSUP HERE Receipts Mount Throughout Market; Hog Top Stands at $10.60. May Bulk Top Receipts 1. 9.40@>10.30 10.40 6.000 2. 9.25®10.40 10.15 7.000 3. 9.25® 9 50 9.90 5,500 4. 9.00:® 9.10 9.90 4.000 5. 9.00® 10.15 10.25 1.500 7. 9.25f10.75 10.90 2.500 7. 9.254110.70 10.75 2,500 8. 9:25®10.60 10.60 5,500 Middle and heavyweight hogs were strong to 10 cents higher than Monday’s average price at the Union Stockyards today, although the top of $10.60 was lower than the $10.75 peak of Monday. Material weighing less than 170 pounds sold off about 25 cents. Receipts were higher at 5,500 and holdovers numbered 315. Cattle and calves were strong to higher p.nd sheep and lambs were slow to lower. Receipts mounted throughout the market. The Chicago market opened 10 to 15 cents higher than Monday’s best prices. Choice 180-250-pounders sold at $10.307710.40. There were 14.000 animals received and 10,000 held over. Lightweights Lower. Material in the heaviest class, that of 250-350 pounds, dropped about 10 cents on the top and sold rt $10.25W 10.60. as did animals in the 200-225-pound class, which sold at $10.50® 10.60. Lights. 160-200 pounds, that sold mostly for $10.50 Monday, brought slo® 10 60 today. Light lights, 130-160 pounds, fell off 25 cents on the top at $9.25® 9.75. Pigs were down a quarter on the high end at $9.25®9.75 and packing sows held unchanged at sß® 9. Cattle prices were higher, with 850 head in the pens. Beef steers sold at $11.50® 13.50, advancing 25 cents to sl. Cows brought sß®il, up 50 cents on the top. Low cutter and cutter cows went 25 cents higher for the best at $5.50®7.50. while bulk stock and feeder steers sold at $7.50®9.50, unchanged.

Calves Higher Best vealers went at $13.50® 15. up 50 cents, and heavy calves advanced 50 cents to sl. selling at $7 ®ll, in the calf market, which was supplied with 700 animals. The sheep and lambs division moved slowly, with bulk fat ewes selling 25 cents lower at s7® 9. Others were unchanged, quotations running: Top, $15.50: bulk fat lambs, sl4® 15. and bulk culls. sß® 11.50. Receipts were up to 250. —Hoes — Reco.pts 5.500; Market, irregular 250-350 ibs $10.25-1 10.60 200-250 lbs 10.50® 10.60 160-200 lbs 10.00® 10.60 130-160 lbs 9.25®. 9.73 ! 90-130 ibs 8.00 / 9.00 : Packing sows B.oo® 9.00 i —Cattle— Receipts. 850; market, higher. Beef st.eers $11.50 </ 13.50 Beef cows B.no® 11.00 Low cutters anc! cutter cows. 5.50® 7.50 , Bulk stock and feeder steers.. 7.50'a 9.50 —Calves — Receipts, 700; market, hicher. Best vealers sl9 9 0 15.00 Heavy calves 7.00(0 11.00 t —Sheep and Lambs— Receipt:, 250, market, slow to lower. Ton l'at lambs sls 50 Bulk f2l lambs 14.00® 15.00 Bulk cull lambs B.oo® 11.50 Fat eves 7.00® 9.00 Other Livestock B ’ United Press PITTSBURGH. Mav 8 Hocr Receipts. 500: market, steady to 5c up; 250-350 lbs, $10.26®. 10.65; 200-250 lbs. $10.65® 10.80; 160-200 lb',. $10.55® 10.80; ' 130-160 lbs, $9.50® 1* r 5. 30-1.30 lbs, sß*3 9.50: packnFr sows. $7.75® 8.50. Cattle—Receipts. 10; calves, receipt . 200; market steadv; calves steadv: beef steers, sl2-1/14: light yearling steers and heifers. $10.50 rl2 23; beef cows. sß® 19.50: low cutter and cutter cows. s6® 7.50; vealers. $13,504/15; heavy calves. s9®>l3. Sheep—Receipts. 800; market steadv: top fat iambs. $16.25; bulk fat lambs $12.75® 13: bulk ruil lambs, S9v Ut.so: bulk far, ewes. $6.50-39: bulk spring lambs. slß'g2o. Bn Times Special Louisvn-LE. Mav 8 Hoe—Receipts. 300: markp*. 20-1/23c higher; best st r adv and medium hogs 175 lbs. up. $9.854/10.60; pigs and lights 175 lbs. down. s7® 9.50; throwouts and stags. $7.60-/3 20. Ca'tic -Receipts. 200; market, steadv; prime heavy steers. sl2® 13; heavy shipping steers. sll® 12: medium, plain steers, $9.50 C-ill; fat heifers, $8.50® 13; good to choice cows, s9'*i’lo.so: medium to good cows. $7 f'T-9; cutters. $5.50@7; canners, $5®5.25: bulls. s6®:9; feeders. $9©>11.50: Stockers. $8.50(911.50. Calf—Receipts. 300; market, steadv: good to choice. $10'd)12; medium to good. $84*10: outs, $8 down. Sheep— Receipts. 50; market, steadv; spring lambs. $16®18; best fed lambs. sl4-3)15: seconds, $8 <B/11; sheen, .$6®8.50. Monday s shipment: Cattle. 258; calves, 626; Hogs. 324; sheep. 658. Bn United Press hAST BUFFALO. May B.—Hogs—Receipts. 400: holdovers. 1.205: market. 15® 25c up: 250-350 lbs, Sld.so®' 10.85; 200-250 lbs, $10.65@U: 160-200 lbs, $10.50® 11; 130-160 lbs, $9.50® 10.50: 90-130 lbs, $8.75 ®9.6G, packing sows, 58.25®>8.75. Cattle —Receipts. 50. Calves—Receipts. 50: market. steadv: calves, steadv: beef steers. $11.50®.13.75: beef cows. $7.50® 9.50: lowcutter and cutter cows. ss®9: vealers. $14.50®)15. Sheep—Receipts. 500: market, steady; bulk fat lambs, sl6; bulk cull lambs. $11®:13: bulk fat ewes. [email protected].

Bv United. Press CLEVELAND. May B.—Hogs—Rpceipts, 1.800: market. 15®25c up; 250-350 lbs. $10010.75: 200-250 lbs.. $10.50 0 10.75; 160200 lbs.. $10.50® 10.75: 130-160 lbs., $8.70 0 10,55: 90-130 lbs.. $8,509: packing sows, SBO 8.50. Cattle-~ Receipts, 150: calves receipts. 350; market, steady; beef steers. $11012: beef cows. $7.5009.50: low cutter and cutter cows. [email protected]: vealers, sl3® 15.50. Sh“ep—Receipts 1.000: market, steady to weak: ton fat lambs, sl6: bulk fat lambs, $15.50®>16: bulk cull lambs, $11(3)13; bulk fat ewes, $6.5008.50. Bo United Press TOLEDO. Mav B.—Hogs—Rec pts, 500; market. 20c up: heavies. $9.50010: mediums. $10.25010 50: Yorkers, $10.25010.50; good pigs, $8.2508.75. Cattle—Receipts. 30: market, slow: calves, receipts, light; market steady. Sheep and lambs—Receipts. light: market, slow. I. U. Junior Honored BLOOMINGTON, Ind., May B. Ira Anderson, Mentone, junior at Indiana University here, has been elected to membership in Betta Gamma Sigma, honorary commerce fraternity, at the university. Anderson, who is a member of the Alpha Kappa Psi, professional fraternity, received the Beta Gamma Sigma scholastic trophy which is awarded annually to the junior in the commerce school who completes his work with the highest average. Father Sues Son for SIO,OOO By Times Special PERU, Ind., May B.—Walter Butt, Miami County farmer, has sued his son, Earl Butt, for SIO,OOO damages as a result of injuries suffered while riding in the son’s auto. It is recited by the father that his son carried insurance covering injury to passengers, but that the company refuses to pay because the person hurt in this instance was a relative of the driver. 14,000 Chicks Die in Fire By Times Special DARLINGTON, Ind., May B. Fourteen thousand baby chicks perished when fire destroyed the Wilbur Wheeler hatchery, three miles soufh of here.

Commission Row

PRICE TO RETAILERS FRUITS Apples—Fancy barrel apples, seasonable varieties, s6@lo; fancy basket apples, seasonable varieties, $2 250 3.25; 40 lbs.: choice box apples, seasonable varieties, $3,750)4.75. Cherries—California, $4.50, 8 lbs. Grapefruit—Florida. $4.75®7.50 erte. Limes—Jamaica. $3 per 100. Lemons—California, $6.25®7 crate. Oranges California navels, $5.75®9 crate; Florida, ss©9, crate; California Valencias. $4.50®7, crate. Pineapples—Cuban. $5®>5.50. crate. Strawberries Alabama. $5.50®,6. 24quart case. VEGETABLES Asparagus—Gren, sl4/1.25 doz. bunches. Beans—Southern, $3,254/3.50 hamper. Beets—Texas, $8.50 bushel; home growiu $1.75. 8 Brussels Sprouts—3s®4oc lb. Cabbage—Alabama, $6 crate. Carrots—Home grown. $1; Louisiana, $2 crate. Cauliflower—California. $2.50@3 crate. Celery—Florida. $5®5.50 crate. Cucumbers—lndiana hothouse, $1.75 for box of l doz. Eggplant—H. G, $1.50 doz. Endive—sl.so doz. bunches. Kale—Spring. $1.75 bu. Leek—7sc bunch. Lettuce—Arizona, head. $4 crate; hothouse, leaf. $2.55, 15 lbs. Mushrooms—sl.so® 1.75. 3 lbs. Mustard—Southern, $1.90 bu. Onions—Home-grown, green. 35c doz.; new Texas yellow, $2.50 crate: Texas crystal wax, $2.75 crate; Texas Berumdas, $2 50 crate. Parsley—soc doz. bunches. Parsnips—Home grown. $1.25 bu. Peas—Mississippi Telephone. $2.50® 2.75 crate. Peppers—Florida mangoes. ss® 5.50 crate. Potatoes —Michigan, white. $3.50 150 lbs, Minnesota Red River Ohios, $3.25 120 lbs : Idaho. $2,754/3 120 lbs.; Texas, new, $4.50 cwt.: Florida Rose, $6.75 bu. Radishes Hothouse, button. 90c@$l; southern long red. 30c. Rutabaga—Canadian, $2 50 per cwt. Rhubarb—Home grown. 35c a doz. Shallots—soc doz. bunches. Spinach—Texas. $1,354/ 1.50 bu. Sweet Potatoes—Porto Ricans. $2.50 hamper. Tomatoes crate; originals. $3®4.50. 6-basket crate. MISCELLANEOUS Cider—s4.so 6-gai. case; $4.75 doz. halfgal. jars. Garlic—22c per lb. Sassafras—2s® 30c doz. bunches. SEED STOCK Potatoes—Maine cobblers. $4.25 150 lbs.: Minnesota Triumphs, $3.50 150 lbs.; Red River Ohios, $3.25. -■ Bn United Press CHICAGO. Mav B—Apples. SBOIO per bb!.: strawberries. $3.500 3.75 per 24 ts.

In the Cotton Market

i ßv Thomson <Sr McKinnon) NEW YORK. Mav B.—You have probably noticed that some of the most SDectacular buying this spring has been on days when the weather was not particular bad. Monday was a case in point. It represents a confident belief on the part of the public that the crop Is not doing we!! Ordinarily we don’t like to sav buy It on advances, but there is more to this market than shows on the surface. rill United Press NEW YORK. Mav B.—Cotton futures opened higher. Mav 21.65. up .18: July 21.45. up 22: October 21.43, up .21: December 21.31. up .25; January 21.25, up .27; March 21.25. up .27. Building Permits A E. Williams, garage, 3837 Central, $350. C. 8. Clifton & Sons, dwelling and garage. .3903 E Sixteenth. $2,500. Associated Cleaners and Dyers, tanks and rumps, 2251 Alvord. $2,500. R.ciiard Jones, dwelling. 2509 Sangster, $3,500. Sinclair Refining Company, tanks. Kentucky Ave. and Hardin and Miller. s2.so'* Herbert G. Sobering, reroof. 29-31 N. Tacoma. S3OO. J. A. Reutsch, storeroom. Tenth and Oxford. $4,800. Ov en Quigley, garage. 1313-14 W. Morris. S2OO. Charles Tuckett. reroof. 3310 Broadway, SSOO. Richard Madden, addition. 3362 Carrollton. S2OO, Jemima Brock, garage. 925 King SIOO Warfleigh Ra!tv Company. wreck dwelling. 1434 N. Delaware. S3OO. J F Hlckev. repair. 1022 Bates. $250. George Bruce, dwelling and garage. 4703 E. Twenty-First. $2,500. George Bruce, dwel’irg and garage, 4625 E Twenty-First. $2,500 M. Ernest Cookev. repair. 1320 N. Parker. S4OO. John Pulling, garage. 2834-36 E. Washington. $220. \V. V. Thomas, dwelling. 938 Luett, $3 200. F L. Palmer dwelling and garage. 2362 N. LeGrande. $3,200. J A. Foxworthv. reroof. 45 N. Bolton, $220. T M. Johnson, reroof, 120 Johnson. $216. L R Sccrest. dwelling and garage. 1424 N. Euclid. $4,000. W. D. Pratt, dwelling and garage. 5760 Broadway. $9 000. w. w. Richardson, garage, 1022 Roache, S2OO. Leon Joyce, repair. 0!8 N. Alabama. J3.CCO. Edwin E Thompson, repair. 14$ W. Nineteenth. $1,395. Charles Watkins, repair. 3110 Park. SBOO. Fred Kruar. gar3ge. 33-10 E Twe ltieth, $289. Albert Huff, garage. 1933 Parker. S3BB. $554. Rov E. Frazier, garage. 1515 N. Ciinev. $358. William F. Maioy, reroof. 1417 N. New Jersey. $252 Delia Wise, reroof. 2317 E. Riverside drive. $253. Mary A. Graney. reroof. 3443 Guilford. $273. James O. Pratt, reroof. 5548 Guilford, $220. James A. Lynch, reroof, 755 N. Wallace. * Mrs. M. Hedegard. reroof. 950 Oriental, * 3 ivirs C. E. Pfau. garage. 1026 Churchman. $395.

$50,000,000 Commonwealth of Australia 4y 2 % COLD BONDS EXTERNAL LOAN OF 1928 Dated May 1. 102* DHC Interest Payable May 1 and November 1 Redeemable, at the option of the Commonwealth, as a whole or in part, upon 60 days’ notice, on any interest payment date, at 100 % and accrued interest. Coupon bonds in denomination of SI,OOO. Principal and interest payable in New York City, at the office of J. P. Morgan & Cos., or at the principal office of the National City Bank of New York, or at the office of the Commonwealth Bank of Australia * in the city of New York, in gold coin of the United States of America of the present standard of weight and fineness, without deduction for any Australian taxes, present or future. Further particulars in regard to this issue are contained in a statement made on behalf of the Commonwealth of Australia by Sir Granville Be Launo Ryric, K. C. M. G., C. 8., the high commissioner for the commonwealth of Australia in London. Copies of this statement may be obtained upon application. r— • THE ABOVE BONDS ABE OFFERED FOR SUBSCRIPTION , SUBJECT TO THE CONDITIONS STATED BELOW, AT 92i/ 2 PER CENT AND ACCRUED INTEREST, TO YIELD 5 PER CENT TO MATURITY, Subscription books will be opened at the office of J. P. Morgan & Cos., at 10 o’clock X if., Tuesday, May 8, 1928, and will be closed in their discretion. The right is reserved to reject any and all applications, and also, in any case, to award a smaller amount than applied for. Subscriptions will be received subject to <£ue delivery to us of the bonds, and to approval by counsel of the form of the bonds and of the relevant ; documents, proceedings and authorizations. The amounts due on allotments will be payable at the office of J. P. Morgan a Cos., in New York.funds, the date of payment (on or about May 22, 1928) to be stated in the notices of allotment. Temporary bonds or interim receipts will be delivered, pending the preparation and delivery of definitive bands. J. P. MORGAN & CO. THE NATIONAL CITY COMPANY FIRST NATIONAL BANK, New York GUARANTY COMPANY OF NEW YORK BANKERS TRUST COMPANY, New York HARRIS TRUST & SAVINGS BANK TEE, lIIGGINSON & CO. BROWN BROTHERS & CO. KIDDER, PEABODY & CO. Wan Vnrh ft 1 Q9ft

‘CLEAN HOUSE,’ BUSINESS MEN ABE EXHORTED Speaker at National C. of C. Convention Inveighs Against Fraud. Bn United Press WASHINGTON, May B.—Judge Edwin B. Parker, prominent leader in the United States Chamber of Commerce, today exhorted organized business to clean house of disleputable elements. Speaking before the Chambers sixteenth annual convention, he asked for outlawry of those “whose ruthless methods tend to discredit all business” and of “those pirates whose acts bring business generally into disrepute." Referring to “recent conspicuous examples of individuals, prominent in big business, becoming intoxicated with power and involved in transactions tainted with fraud and corruption,” Parker declared such persons bring down upon business “the thunderbolts of public wrath.” This in turn results in legislative and governmental regulation of business, placing upon it an undue rein, he said. Unscrupulous business men, he said, must be branded as “social outlaw’s;” stockholders profiting from shady deals cannot escape (he moral stigma .adhering to such profits. Congressional investigations, he suggested, are proper unless business investigates itself and is frank with the public. Today's session developed considerable comment against the

AMUSEMENTS

Where the C rotvdst Go

A COMEDY SENSATION Curley Burns & Cos. ‘COOKOO CHARLEY’ DIXON RIGGS TRIO ROWLAND & JOYCE “The Eighteenth Hole” MACK & TIVOLI "Divorce” LT.S JARDT S, tho “Human Fan” NOLA & WYNN ST. CLAIR in “Tli* Same Old Story’* NEIL KIRK “The Scotch Comedian With a Voire” Oman Recital by RUTH NOLLER, 12:40 P. M. Hoorn Open 12:30 I*. 31.

“Wfry May 2” The Pulitzer Prise IMay Nightly at 8:30 At Ktdth'A Theatre 31 atinee Tomorrow, 2:30 THE >TI ART U ACKER C OMPANY With tieorjre C>aul. Marie Adels. Earr.v Fletcher PRICKS EOWKR FLOOR (Nile) *!.50-sl.lo Ha Irony f>flo I/ORCs 7.ic. Gallery 25c Mntlneen I.ower F100r... 75e Wed. & Sat. } 'l'"* 0 * - : "® Gallery 25c

ENGLSSH’S*B:"l T 5 V Matinee Tomorrow BERKELL t PLAYERS ".'r “The Barker” MTES: 25c-50e-990 MATS.: 25c-35c-50c Next Week, *‘Kast Sifle, Went Side”

Government in business. Samuel Dunn, editor of the “Railway Age,” Chicago, suggested American Railway service will be inadequate and unsatisfactory within a few years unless governmental regulation policies are altered to permit railroads to make fair returns on their investments. President Matthew S. Sloan of the

MOTION PICTURES

NOV) PLAYING Gloria Swanson IN “Sadie Thompson” with Lionel Barrymore United Artists Picture ON STAGE “The Nite Club” with JIMMY SAVO, ZELAYA, Joe Roberts, Lucille Benstead, Emil Seidel, Hoosier Rockets, others. NEXT SATURDAY D. W. GRIFFITH’S “DRUMS OF LOVE” Harry Fox on the stage

COLONIAL Last Four Days Showing to WOMEN ONLY 1928 SEX DRAMA “PITFALLS OF PASSION” and Dr. Wayland Villiers on “Sex Psychology”

All the Time 1-11

5.6 1 g K • M ] 2. BIG- j S /tAOHTTK beue sennett * f ■@ t TO J " NOW FLAYING oJLJ i'

NOTHING LIKE IT IN INDIANAPOLIS

“IT’S THE TALK OF THE TOWN” A DOWNTOWN THEATRE WITH A DOWNTOWN SHOW AT FOUNTAIN SQUARE—PLENTY OF PARKING SPACE | ON THE STAGE | | ON THE SCREEN | Every Night and Sunday Matinee TODAY WEDNESDAY, CONNIE’S BAND THURSDAY tllmmip Hutton. Soloist MLLE. THEO, HEWES DOUGLAS FAIRBANKS MAsrirmSl: “ THIE GAUCHO” With Anollo Reprogram* Os It GANG COMF.DV SKINNER TWINS M . mT rTThe n* ws | West Masters-Juanita Brown—Organists | MATINEE EVERY DAY 20 c le’l 30 c 40° toges Children 10c Children 15c | Bring the Family ]

.MAY 8, IU2B

Brooklyn Edison Company declared, “Government ownership and Wlr regulation threaten all industries dealing directly with natural resources.”

MOTION PICTURES

OfSKOURAS PUSLIX THEATRES Hi fer ~ ~ :r - SPRING SONGS ou,t Cheer ItolHcklng; bodie hMiPARDO v W/spriwm&uß' / Richard o, / L / Silverman’s **r. * I Thrilling Fashion Comedy tpSHEAREK V/fe Latest / i from. Paris" i GEORGE SIDSF4 BI IS RALPH 1 On the Stage Another great Joy-tour Charlie Davis \ m and his band In “ABABY” fpj. Big Ptihlix Produetlon Direct from New York \

The Hilarious Yitaphono Comedy Hit “HAM AND EGGS AT THE FRONT” With Tom Wilson, Ilolnle Conklin and Myrna Loy VITA I* HONE VAUDEVILLE Movietone News Extra—Movietone Special See and hear Frank Lockhart in hi* Stutz Hlack Hawk race car just, before ho met ills tragic death in a daring endeavor to smash the world's speed record.