Indianapolis Times, Volume 40, Number 6, Indianapolis, Marion County, 18 May 1928 — Page 37

3VIAY 18, 1928.

MARKET SAGS 1 AFTER OPENING ; STRONG, HIGHER List Buoyant at Start Despite Rise in Brokerage Loans, Bank Rate.

Average Stock Prices

Average of twenty industrials Thursday ■was 218.76. up 2.11. Average of twenty rails was 144.48. off .63. average of forty bonds was 98.76, ofT .16. By United Press NEW YORK, May 18.—After 6howing remarkable strength at the opening despite the rise to anew record in brokerage loans and the rise in the New York rediscount rate tp 4'- per cent, the stock .market sagged in many sections, and early prices were highly irregular. Dealings were lighter than any day for more than a week. General Motors was selling ex-dividend 52 extra and $1.25 regular quarterly. It opened at 197, which allowing for the dividends, was a net loss of 1% from the previous close. Later the issue sold down to 198. International Harvester was a feature of strength, rising 3% points to anew high at 272. Studebaker was very active. Trucks rose more than a point. American Telephone & Telegraph was dull, declining a point to 207 U. Describing the market, the Wall Street Journal’s financial review today said: “Stocks gave the advance in the New York bank rate of 4% per cent, a notally calm reception.” Impetus was added to the selling movement in the main body of stocks in the late morning by further firmness in the time money rates. Quotations for most maturities was advanced to 5% to 5% per cent, against a rate of 5 1 * to 5% per cent on Thursday. This emboldened bears and operations for the decline were pushed with increasing aggressiveness. Copper shares received good support on a scale down.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings today were $4,081,000. Debits were $8,025,000. NEW YORK STATEMENT Jin United Press NEW YORK. May 18.—Bank clearings ioday were $1,676,000,000. Clearing house balance was $145,000,000. 4 — CHICAGO STATEMENT Jly United Press CHICAGO. Mav 18.—Bank clearings today were $136,200,000. Clearing house balance was $91,000,000. FOREIGN EXCHANGE Bit United Press NEW YORK, May 18.—Foreign exchange opened lower. Demand sterling $4.87 19-32, off .00 5-32: francs 1f193'/4C; off .00'i; lira, 5.26%c: Belga, 13.95 c; marks 23.91%c, off .00%.

In the Stock Market

(Bv Thomson & McKinnon* NEW YORK, May 18.—The advance of the New York Federal Reserve discount rate to 4*% per cent adds official confirmation to the fact that money conditions are unsatisfactory. The era of speculation which we have been witnessing, has carried prices beyond reasonable bounds, and led many to forget that stock market prosperity is not possible without full cooperation from the money market. An adjustment is essential to meet changed conditions and can only be effected by a downward revision in stock market values.

Indianapolis Stocks

—May 18Bid. Ask. | A.mer Central Life 600 Belt R R & S Yds com 70 73 Be't R R & S Yds pfd 60 Central Ind Power Cos pfd....100% 102% Circle Theater Cos com 102% 110 Cities Service Cos com 69' i Cities Service Cos pfd 103 *4 •Citizens Gas Cos com 66% 57% •Citizens Gas Cos pfd 101% 102*2 Commonwealth'Loan Cos pfd.. 102 Equitable Securities Cos com.. 45 50 Hook Drug Cos com 31 Indiana Hotel Cos som 125 Indiana Hotel Cos pfd 101'/ ... Indiana Service Corp pfd 94 Indianapolis Gas Cos com .... 62 Jndpls & Northwestern pfd... 15 Indpls P and L ,6s pfd 107 108 Indpls P and L 7s 102 102'% Indpls Pub Yel Ln Assn 47% Indpls St Ry Cos pfd 33 35% Indianapolis Water Cos pfd...103 Interstate P S pr lien pfd... 106 108 Interstate P S C 6s pfd 97*2 100 Merchants Pu Utilities Cos pfd. 101 North Ind Pub Serv Cos pfd.. 102 104 Northern Ind Pub S Cos 75....112 Progress Laundry Cos com 30 E Raugh & Sons Fert Cos pfd. 50 Real Silk Hos Cos pfd Standard Oil of Indiana 78% ... T H I As E Trac Cos com 1 T H I & E Trac Cos pfd 11% ... T H Trac & Lt Cos pfd 92*2 98 Union Trac Cos com % Union Trac Cos Ist pfd 1 Union Trac Cos 2nd pfd .. % Union Title Cos com 70 Van Camp Pack Cos pfd 7 Van Camp Prod Ist pfd 98 101 Van Camp Prod 2nd pfd ... 90 98 •Ex-dividend. —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 Ry 55.... 17% ... Citizens Gas Cos 5s 105 107% Citizens St R R 5s 89% 91*2 Gary St Ry 5s 90 93 Home T & T of Ft. Wayne 6s. .103 Indiana Hotel Cos 5s 101 Ind Northern Trac Cos 5s 6 Ind Rv & Lt Cos 5s 98 Ind Service Corp 5s 98 Indpls Power and Lt Cos 55...100% 101% Ind Union Trac Cos 5s 3 Indpls Col & So Trac 6s 102 106 Indplp Gas Cos 5s 102% 106 Indpls & Martins Trac Cos 55.. 38 Indpls North Trac Cos 5s 14 Indpls & Northw Trac Cos ’s.. 38 Indpls St Ry 4s 67% 68% Indpls Trac & Term Cos 55.... 96'2 97 Indpls Union Rv 5s 102% ... Indpls Water Cos 5%s 104 ... Indpls Water Cos Ist 5s 100 Indpls Water Cos 4%s 98 100 Indpls Water Sec Cos 5s 98 99% Interstate Pub SCo 4%s 92% ... Interstate Pub S Cos 5s 99 Interstate Pub S Cos 6%s 105% ... Nor Ind Pub Serv Cos 55...... 102 ... T H I & E Trac Cos 5s 60 T H Tr & Lt 5s 98 Union Trac of Ind Cos 65..... 14 15% —Liberty Bonds— Liberty Loan Ist 3%s .... 100.44 100.56 Liberty Loan Ist 4%s ..... 101.80. 102.00 Liberty Loan 2d 4%s 99.90 100.10 Liberty Loan 4th 4%s 102.30 102.50 U S Treasury 4%s 114 20 114.40 U S Treasury 4s 109.20 109.40 U S Treasury 3%s 106.26 106.46 U S Treasurp 3%s 101.62 101.72 10 Shares Indpls. P & L 6s 107 % 5 Shares Indpls. P & L 7s 102%

Local Wagon Wheat

Local grain elevators are paig $1.77 lor No. 2 red wheat. Other smdes arq purchased on their merits. ■

New York Stocks (By Thomson & McKinnon)"—

Railroads—• Prev. —May 18— * High. Low. 12:00 close. Atchison 198% ... 191% 193% Atl Coast Line 184 Balt & Ohio 115 ... 115 116 Canadian Pac .. .214% 212 213 215'i Chesa & Ohio .. .197 ... 195'!t 197 1 2 Chi & A1t0n.... 11 ' 8 ... ioi 11% Chi <te N West.. 89 ... 87' • 90 Chi Grt West.. 13 12% 13 " 12% C R I <fc P 117*4* ... 117% 117 W Del & Hudson . .10644 104% 106 103 Del & Lacka ...142 1 , ... 142% 142% Erie 58 57) 2 57% 68-* Erie Ist piri 37 ... 57 57'* Grt Nor pid ...104% ... 103'a 104% 111 Central 142 U Lehigh Valley . .106 s * ... 105% 153% Kan City South. 58% ... 58 1 a 59 Lou & Nash ...153 ... 153 153", MK & r 37 1 i 36% 37 37 Mo Pac pfd .... 1184a ... 118 .* 117% N Y Central .. .185 ... 181 " 185 N Y C & St L.. . . ... . . 137 NYNH&H... 6144 ... 61% 61% Nor Pacific 102% ... 101% 102 Norfolk & West .189 ... 189 189'3 Pere Marquette 140 * Pennsylvania ... 67'* ... 66% 67% P&W Va 155% ... 155 154% Reading 113 Va ... 112 114 Southern Ry ...163 162% 163 162 I Southern Pac ...125% ... 125% I26 3 i .St Paul 36% ... 35*a 36 7 a St Paul pfd .... 47 % ... 47 471, St L & § W. .. 86*a ... 86 1 2 86% St L ft 8 F 1174a ... 117% 118 Texas & Pac 138'3 ... 136' 2 135 Union Pacific ..199*2 ... 198% 200% West Maryland.. 51% ... 50 50% Wabash 92% ... 90*:. 92>“ Wabash pfd roi Rubbers— Aiax 9% ... 9% 93. Fisk 14% ... .14% 15 Goodrich ........ 89*4 88 89 90 Goodyear 52% 52% 52% 53 Kelly-Spgfld ... 20% 20’ 2 20% 21*4 Lee 21 ... 21 22 United States .. 44% 42% 42% 4244 Equipments— Am Car & Fdv.,103% ... 103*. 104 Am Locomotive 106% ... 106 106% Am Steel Fd... 61% ... 60% 61% Baldwin Loco .. ... 257*. General Elec ...165 ... 160*2 1641, Gen Ry Signal.. 91% ... 91 92% Lima Loco ... . 59 N Y Air Brake.. 44% ... 44% 43% Pressed Stl Car 23 Pullman 90% 90 90' 1 90% Westingh Airb.. 50% ... 49% 491, Westingh Elec 103% 1002*2 102 3 , 104% Steels— Bethlehem 63% ... 61% 63% Colorado Fuel. 73 72% 72% 72% Crucible 864* ... 86% 85% Gulf States Stl 65% Inland Steel 58*2 57 57* '. 56'2 Phil RC & I 32% 32*4 32% 33 Rep Iron & Stl 59 Sloss-Sheff 116 U S Steel 147 143% 144 146% Alloy 37% 37 37* i 36% Youngstwn Stl.. 88% 88% 88% 88* • Vanadium Corp 84*4 ...• 83*2 84 * Motors— Am Bosch Mag. .'29*2 ... 29*4 29% Chandler 21% 2044 21% 21% Chrysler Corp.. 77% 76 76% 77% Conti Motors .. 13% 13 13% 13% Dodge Bros .... 19% ... 19*4 19% Gabriel Snbbrs,. 21% 20% 21 20% General Motors .197% 191'.. 192 201% Hudson 91% 90*2 90*2 90% Hupp 56*2 554* 56 56% lordan m, Mack Trucks .. 91*4 ... 89% 90*a Martin-Parry ... . 17% Moon 10'* 9% 10% 10% Motor Wheel ... 35*2 ... 351., 351, Nash 93% 92*4 92'2 93', Packard 76% 75% 76 77% £?* 35% 34 34 34% Pierce Arrow .. 14% ... 14% 14> Studebaker Corp 79% ... 76*. 79 Stew Warner ... 97*2 93% 93% 94% Stromberg Carb. 62% Timken Bear ..125'i . 125 127 Willys-Overland. 25% 24% 25 25% Yellow Coach... 37% 36*4 37% 37% White Motor .. 36% 35% 36% 36 Mining— Am Smlt & Rig. 192% 189% 190'% 192% Anaconda Coo .. 70% ... 68% 46% Calumet & Ariz 103% ... 103'a 102 Cerro de Pasco. 70 ... 68*2 68*4 Chile Copper ... 42% . 42% 42% Greene Can Cop 123 120*4 123 123 Inspiration Cop. 23 ... 22% 22% Int Nickel 91*2 90% 91% 92% Kennecott Cop.. 90 89% 80 90% Magma Cop .... 55 53% 55 54 Miami Copper . . 20% 20% 20% 20% Texas Gulf Sul. 71% 71% 71', 72% U S Smelt 474, ... 47% 47% Oils— 4 ‘ /4 Atlantic Rfg ....127% 125% 12544 128 Cal Petrol 32% Freeport-Texas.. 71 ... 71 71% Houston Oil 145 ... 143*', 144 Indp Oil & Gao 28 ... 27% 28 Marland Oil ... 39% ... 39 39% Mid-Cont Petrol 31 ... 31 3H a Lago Oil & Tr. 36 ... 36 38 Pan-Ant Pet B. 50% ... 49% 50% Phillips Petrol.. *l% ... 41% 42 Pro & Rfgrs ... 23% ... 23% 22% Union of Cal... 52 ... 51% 52*4 Pure Oil 24 ... 24 24‘a Royal Dutch ...53*4 ... 53 53% Simms Petrol. 22*2 22% 22*'- 22% Sinclair Oil 23 27% 27% 27% Skellv Oil 3ist Std Oil Cal 60 ... 5914 60 i Std Oil N.l .... 45% ... 44% 45% Std Oil N Y ... 37% ... 36% 38 Texas Corp 65 63% 63% 65 Transcontl 3% ... 8% 8% White Eagle ' 24 Industrials— Adv Rumely .. 36*4 36 36*4 36% Allis Chalmers. .. 124% Allied Chemical 168% ... 168*168*4 Armour A 16% ... 16% 16*a Amer Can 92 ... 90*2 92', * Am Hide Lea.. 124* ... 12% . 1 Am H L pfd 53 I Am Linseed . ..105 100 103 104*4 Am Safety Raz 62% Ant Ice 38% 38% 38% 39 Am Wool 22% ... 22*4 22*2 Curtis 160% ... 142 159*4 Coca Cola 173 ... 173 173 Conti Can 103% ... 107% 109 Certain teed ... ... 51% Congoleum 27%. 27*4 27*4 28 Davison Chem .. 53% 53% 53% 53% Du Pont 400 ... 400 397 Famous F!ayersl2l% 126 127 126% Gen Asphalt ... 87% ... 87*2 88*/4 Int Bus Mch ...127 ... 127 126% Int Cm Engr... 60 ... 57% 59*Int Paper 80 7 4 79% 80 80 Int Harvester . 269 268 269 268*2 Lambert 115% ... 115% 116% Loews 73% 72 73 71 3 4 Kelvinator 19', 18% 19 19 Montgom Ward .149% ... 148% 149% Natl L R 60% 58% 59% 59*4 Pittsburgh Coal 78% Owens Bottle 87 Raab.o Corp 191 187 187 190% Re# Silk 26% ... 26 26''a Rem Rand 30% ... 30% 31 Sears-Roebuck .104% 103*4 103% 104% Union Carbide ..153% ... 151% 152% U S Leather 46 ... 45% 45% Univ Pipe 23 22% 23 22% U S Cs Ir Pipe.2s9 ... 259 259 U S Indus Alco. .115% ... 114% 115 Wright 2*o ... 198 219 Woolworth Cos ..190*4 ... 189*4 190 Utilities— Am Tei & Tel ..207'% 207*4 207". 20814 Am express 187 186% 187 187 Am Wat Wks.. 63*4 ... 63*4 63*4 Brklyn-Manh T 70 ... 69',4 70% Col G A: E 115’, 115 115% 116 Consol Gas 157% 157*4 157*4 159 Elec Pow & Lt.. 41% 41*4 411/4 42% Interboro 51% 51 51 Nor Am Cos 7444 ... 74',4 75% Nat Power 33% 33% 33% 34% Peoples Gas 175 U ... 175',4 176 So Calif E 51 ... 50% 50% Std Gas fc El.. 70% 70 70 71*4 Utilities Power.. 42 41*4 41*4 40% West Union Tel ... 160 Shipping— Am Inti Corp ..121 118 119 122% Am Ship & Com 5 ... 5 5% Atl Gulf &W r I 56% 56% 56% 57% Inti Mer M pfd 41 ... 41 41*4 United Fruit . ..141% ... 141% 142 Foods— Am Sug Rfg.... 73*4 72% 73*2 73*4 Am Beet Sugar. 18% ... 151,4 15a. Austin Nichols.. 7% ... 7% 8 Beechnut Pkg.. .. .. , 771/ California Pkg.. 75% 75% 75% 76*, Corn Products.. 78% 78% 78*4 79% Cuba Cane Su p 28*2 28 28% 28% CuHan Am Sug.. 21 ... 21 21* Fleischmann Cos 73% 73% 73% 73.% J e ’*’el Tea 103 ... 103 103 Jones Bros Tea **4 Natl Biscuit ... .165 ... 165 Nat Dairy .... 84 s * ... 831* 04s" Poetum Cos 122 ... 122 122-*> Ward Bakinpfcß.. .. ... ** 04 2 Tobaccos—' Am Sumatra ...54% ... 54 5414 Am Tobacco 158 ... 153 1571“ A™ Tob B ...,157*4 156% 157*4 157% Con Cigars 86 ... 86 86*4 Cigar .. 67',4 ... 67'a 67 Llg & Meyers.. .. .. 0734 Lorillard/ 31*, 31*1 '3.7- .%? H J Reynolds... 13 1 '4 ... 131% 13134 Tob Products 8.. 110 */4 ... 110*4 111.4 United Cigar St 29% ... 29% 29% Schulte Ret Strs 61% 61 61 60%

Deaths Jane Ellis. 77, 2507 E Eiehteenth hypostatic pneumonia. ' Rnteenth, Willidm Darby. 74. 409 s. Arlington chronic interstitial nephritis. ArllnKtonpneumonia Mi6rS ’ 68 ’ 1510 Barth - broncho bronchopneumonia*” 10 m °" 622 StevenspSnffnterS' 67 ‘ 2443 Pierson ' ><* pneumonia Kindler ' 68 • 1344 Sheldon, lobar piSd. r °encephaHtis HeSS ’ 25 ’ Methodist HosJacob Smith, 68. city hospital, chronic nephritis. Paul Mosley 1 hr., 1422 Marlowe, premature birth. Minerva Crosley, £2, 118 N. Noble, arterio sclerosis. , Betty, Mae Frick. 1. 343 N. Bradley, tuberculous meningitis. Lena Belle Tones, 28. 226 Sanders, influenza . Mary Griffith. 33. 335 West Sixteenth Place, aertic stenosis. Beulah Fisher. 41, 1025 N. Illinois, general tuberculosis. Geraldine Reed, 2, city hospital, broncho pneumonia. John Robinson. 42. 707 N. California, lobar pneumonia. John H. Rivers. 50, 1827 N. New Jersey, acute myocarditis. I.udy Wiley Tuggle, 11. 1926 Darwin, broncho pneumonia. Anna C. Mitchell, JM 2038 N. New Jersey, cerebral hem^Kiage.

HOGS SOAR 45 CENTS; LIGHTS GO 75JIGHER Top Reaches $10.15; Calves Advance $1: Other Divisions Steady. May Bulk Top Receipts 11 8.75®'10.10 10.10 5,500 *2' 3.7541 10.10 10.15 2.500 14 8.73® 10.20 10.20 5.000 15 8.50® 9.75 9.85 8.500 16. 8.50® 9 80 9.85 7.000 17. 8.50® 9 80 9.90 5,000 18. 9.00010.25 10.25 5,500 Hogs soared generally 35 to 45 cents on the hundredweight at the local stockyards today to a top price of $10.25. Pigs and underweights were up 25 to 75 cents. Animals in the bulk weighing 170 pounds and up sold at $10.15 and higher. Receipts were 5,500 and there were 445 holdovers. Calves were $1 higher and other material was virtually steady The Chicago market opened slow to 10 to 15 cents higher than Thursday’s best prices. The top was $9.80, paid for choice 250-pounders. There were 12,000 hogs received. All Weights Up Heavy butchers, 250-350 pounds, sold at $lO7/10.25 on the local market, advancing 35 cents. Material weighing 200-250 pounds went up the same, selling at Lights, 160-200 pounds, sold at the same top, ranging from $9.75, 25 to 45 cents higher. Light lights, 130160 pounds, were up a half dollar at $9 @9.75, and pigs advanced 25 to 50 cents, bringing $7.50®>8.75. Packing sows went at [email protected], a quarter on the top. Cattle were slow and steady, with receipts at 550 and good material scarce. Beef steers brought sll @> 13.25 and cows sß@ 11. Low cutter and cutter cows were $5.75@*7.50, while bulk stock and feeder steers sold at [email protected]. Calves SI Higher Best vealers sold at $15.50@ 16.50, $1 up, and heavy calves were unchanged at s7@ 11. Receipts were 1,000. The sheep and lamb market was unchanged, with 2CO animals on hand. The top was sls and bulk fat lambs brought Bulk culls went at $8 @ll and fat ewes at $6,507/8.25. —Hosts — Receipts. 5,500; ma’kct higher. , 250-350 lbs $10,004/ 10.25 i 200-250 lbs 10.15® 10.25 160-200 lbs 9.754/10.25 130-160 lbs 9.00® 9.75 90-130 lbs 7.50® 8.75 Packing sows B.oo® 9.25 -CattleReceipts, 550; market steady. Beef steers .311.00® 13.25 Beef cows 8.00(811.00 Low cutters and cutter cows. 5.75(// 7.50 Bulk stock and feeder steers.. 7.50@ 9.50 —Calves — Receipts, 1,000: market higher. Best vealers $15.50® 16.50 i Heavy calves 7.00®11.00 —Sheep and Lambs— Receipts, 200; market, steady. Top fat lambs j Bulk fat lambs 13 S2? H ™ I Bulk cull lambs B.oo® 11.00 1 Fat ewes j_. • • • • 6.50® 8.25

Lincoln Message Is Read to City School Children

Superintendent Explains Purpose of Drive: Asks Pupils to Give. Superintendent Charles F. Miller ordered this message about the Lincoln Memorial movement read to every school child in Indianapolis this week: “One hundred years ago today there lived in the southern part of our State a tall, gaunt boy. In the woods around his humble cabin, which had been his Indiana home since he was a small boy, he split rails to make fences and plowed the ground to raise grain for food. “Sometimes when he was not busy doing this work he walked many miles to go to school, or to borrow a book from some far off neighbor. These books he read at night before the open fireplace in the rude cabin. Other times he walked sixteen miles to watch the boats pass up and down the Ohio River, or to help row people out to some boat that had stopped in the middle of the stream; and sometimes he climbed a hill near his home to sit beside the grave of his mother, who had died when he was 9 years old. “Later, when he was a full grown man, he left his Indiana home and moved to Illinois with his father and stepmother. Because when he was a boy in Indiana he had learned to be honest and intelligent, and had grown strong and considerate of other people’s feelings, he became a great leader and was finally elected President of the United States. “All over the world nations honor this great man. M9numents and statues have been erected everywhere to pay tribute to him, everywhere, except in Indiana, where he was reared. That man was Abraham Lincoln. “Now, in order that the place where Lincoln lived and where his mother lies buried may be reclaimed from its poor surroundings, and a shrine erected to mark the site, the school children all over Indiana are trying to raise money, and every child in Indianapolis who wants to give a little to this fund can sign his or her name on a page of the Gold Book that will be placed in the beautiful memorial building. “No child will be permitted to give more than 25 cents. When you are told where to pay your money, remember that some day you will visit the place where Lincoln lived in southern Indiana, and you will be proud to know that you helped to build the beautiful buildings and to buy the ground where the Lincoln cabin stood. “Respectfully yours, (Signed) “CHARLES F. MILLER, • “Superintendent} of Schools."

THE INDIANAPOLIS TIMES

Produce Markets

Butter (wholesale price)—No. 1. 47@48c; No. 2. 45®46c lb. Butterfat (buying price)—4sc lb. Cheese (wholesale selling prices, per pound i —American loaf. 32® 35c: pimento loaf. 34® 37c: brick loaf. 32® 35c; Swiss. 39® 42c: Wisconsin fat. 27®)32c; print cream. 25® 27c; fiat display. 26®27c: Longhorn. 26%@27c; New York limberger. 30% <&32c. Errs —Buyinß prices: Fresh, delivered at Indianapolis, loss off. 25c doz. Poultry (buyinß price)—Hens. 21<S22c; lb.; Leghorn hens. 18c; 1928 spring, IV4 to 1% lbs.. 32c; 2 lbs. and up. 35c; Leghorns. 30c: old roosters. 10® 12c ducks. 15c: geese, 8@10c; guineas, old 33 4435 c young 50c. • By United Press NEW YORK. May 18.—Flour—Unsettled and nominal Pork—Steady. Mess—s32.so. Laid —Firmer; mid-west spot. 512.354/12.45. Sugar—Raw, quiet; spot 96 test, delivered duty paid. 4.40 c; refined, quiet; granulatecl. 5 95tfi 6c. Coffee —Rio No. 7 on spot, 16%c; Santos No. 4. 24®24Vic. TallowDull; special to extra, B*i®B%c. HayQuiet; No. 1. $1.25; No. 3, 85c®.51.05, clover. 75c® sl.lO. Dressed Poultry—Quiet; turkeys, 25®47c; chickens, 26®.45c; broilers 40®50c; capons, 36®53c; fowls. 13® 3%- ducks. 15® 18c; ducks. Long Island, 22c. Live poultry—Quiet and steady: geese, 10c; ducks. 15®24c: lowls. 22®48c: turkeys. 15®30c; roosters. 13c; broilers. 20 ®soc. Cheese—Firm; State whole milk, fancy to specials, 29%®31c; young America fresh, 25 , 2 C. Potatoes —Long Island, $1754, 3 75; southern. *2.25® 4.50; Maine. $2.25® 3.35; Bermuda ,s4®6 Sweet potatoes —Jersey, basket. $lO 3.50. Butter —Firm- receipts. 12,139; creamery extras. 464/ 46%c; special market, 46%4/47%c. Eggs —Steady: receipts, 34.696; nearby white fancy, 34'.a®36c; nearby State white. 30® 34c: fresh firsts, 284/29c; Pacific Coast, 234,38 c; western white, 30@32c; nearby brown, 29® 36c.

STOCK MARKET FRENZY IS LAID TO EUROPE AID Cheap Money to Help Gold Standard Abroad Starts Record Boom. BY DEXTER M. KEEEZER WASHINGTON, May 18.—A period of wold stock market speculation, outdoing in many respects any in history, is the price the United States is paying for aiding Europe to get back on the gold standard. That is the burden of much of the testimony now being given before the House Banking and Currency Committee on proposed legislation directing the Federal Reserve System to exert its power to keep prices o nan even keel. A year ago when the heads of the central banks of Europe came to the United States on a secret mission, the testimony indicates, they convinced the Federal Reserve Bank authorities that commercial interest rates in this country should be kept low so that funds might be attracted to Europe by highf* interest rates. They argued that would aid Europe in getting firmly back on the gold standard by reducing the threat of the drainage of gold to the United States, according to testimony. After the European financiers made their visit the Federal Reserve authorities ordered a cut in reserve bank rediscount rates, ushered in a period of cheap money, and set the ball rolling for a grand and glorious outing by the stock speculators, it is asserted.

PREDICTS WAR IN 1936 Visitor at Brazil Declares World’s Population Will Be Menaced. Bit Times Special BRAZIL, Ind., May 18.—Edward Brown, who describes himself as preacher, prophet, prospector, traveler and trapper, perdicts a great war will begin in 1936 in which most of the earth’s population will be eliminated. Traveling on a bicycle, with two dogs accompanying him, Brown stopped over here en route from Eden, Ariz., to his old home thirtysix miles north of Lansing, Mich., to be with his father who is eightyfour years old.

The City in Brief

State charter board has granted a charter to the Gwynneville bank of Shelby County, which is succeeding the recently closed Gwynneville State bank. The new institution is capitalized at SIO,OOO. “The Guggenheim Safety Competition and Recent Developments in Aeronautics,” will be the subject oof Maj. William A. Be van of the United States reserve air corps and assistant professor of aeronautics at Purdue University at the Scientech Club luncheon at the Chamber of Commerce, Monday. The State board of agriculture ha secured Duncan Marshall of Toronto, Canada, to speak at a dinner of county form agents and vocational education teachers at Purdue University, June 20. The meeting has been called to a - ouse interest in the State fair. Marshall is manager of the Montreal fair. Members of the Camera Club have been invitted to a Nature Study Club breakfast to be held at 5 a. m. June 10, at Woollen’s Gardens, northwest of the city. Samuel E. Perkins 111, Nature Study Club president, extended the invitation at a Camera Club dinner at the Spink Arms, Thursday night. The Indiana Stamp Club will meet tonight at the Chamber of Commerce. Student Program Tonight TERRE HAUTE, Ind., May 18.— Annual stunt night of Indiana State wil be held tonight in Normal Hall with these organizations presenting fifteen minute stunts: Psi Theta, Lambda Delta Phi, Pi Zeta. Alethenai, Alpha and Omega Sigma Chi. Stunt night is given yearly under auspices of the school Y. W. C. A. Mrs. Audrey Pittman, Greencastle, president of the Y, is in charge. The winning organization will receive a felt blanket bearing its insignia. , „

FOREIGN PRICES SEND FUTURES HIGHERIN PITS Liverpool Quotations Strong at Opening Today; Wheat Leads. Bn United Press CHICAGO, May 18.—Stronger Liverpool quotations sent all grain futures sharply higher at the opening on the Board of Trade today. May wheat led the upturn. Corn and oats followed. Opening prices: Wheat up 174 @3%c; corn, higher; and oats, %@ % c up. Provisions were also higher. Liverpool quotations on wheat ware stronger than expected this morning and lt was reported that large lines bought for Eastern interests had been sold out. Rains were reported over the Northwest and lowa, Illinois and Indiana received heavy rains during the night. There was no precipitation in Missouri. Progress of the new 7 corn crop continues good. Stocks are dwindling rapidly. Corn held gains well Thursday in spite of breaks in other grains. Liquidation in oats has been about completed, but there was no other news of significance. Chicago'Grain Table —May 18— WHEAT— Prev. High. Low. 12:00. close. Mav 148% 1.47% 1 47% 145% Julv 1.50% 1.48 3 i 1.49 1.47% Sept 150% 1.49*. 1.49*2 1 48% CORN— Mav 1.04*2 1-03% 1.03*4 1.03'a Julv 1.07% 106 106 106 Sept I.oß‘a 1.07 1.07'i 1.07% OATS— May 64% .63*8 .63*2 .63% Julv 55% .55*4 .55'4 .55 Sept 47% .47*4 .47*4 .47*4 Mav' 133 1.32 1 32% 1.31 Julv 1.29% • 129 1 27*4 Sept 1.21 1.20 1.20*2 1.19% LARD— Mav 12 22 12.20 12.20 12.10 Julv 12.37 . 12.32 12 25 Sept 12.72 12 65 12.70 12.60 Oct 12.80 12.80 12.72 RIBS— Mav 12.10 July 12.25 12.22 12.25 12.20 By Times Special CHICAGO. Mav 18.—Carlots: Wheat. 17; corn. 92; oats. 88: rve. 2.

ROCKEFELLER IS BIGGESTWER John D. Jr. Has 15 Per Cent of Indiana Standard. John D. Rockefeller Jr., who recently asked Col. Robert W. Stewart to resign as head of the Standard Oil Company of Indiana, holds 15 per cent of the company stock, a survey published in the current issue of Barron’s Financial Weekly shows. The Standard of Indiana owns extensive interests in Indiana, principally the enormous refineries at Whiting and has a large branch in Indianapolis. Headquarters are at Chicago. Practically all oil companies operating in Indianapolis set their filling station prices on gasoline in accordance with Standard of Indiana prices. Within a few hours of every Standard price change almost all other filling stations in Indianapolis conform. According to Barron’s Rockefeller’s interest is still the largest in Standard Oil of Indiana, though it says, “the total of 1,392,040 shares held, just about 15 per cent, is smaller than the 24.8 per cent of all Standard Oil held by John D. Rockefeller Sr., at the ttime of dissolution." As to the company, Barron’s says, “Standard Oil of Indiana is not only, the biggest refiner of gasoline in the world, but operates directly in the biggest consuming center of the country, eleven central States, while subsidiaries market n Rocky Mountain, southern and southeastern districts.

■ r Births -Y Girls EBrl and Alice Shores. 330 W. Forty-First. Carson and Irene Anderspn, Coleman Hospital. John and Katherine Henenssey, Coleman Hospital. Edward and Madeline R-aub, Coleman Hospital. Harrv and Jeanette Blake, 817 Grant. Joseph and Edna McCurdy, 1007 N. Rtlev. Wilbur and Katherine Robbins, 2450 N. Dearborn. Kenneth and Gretchen Smith, 4029 Bowman. Chester and Maude Robertson, 301 Lynnhurst Drive. Boys Lowden and Beulah Mowry, Coleman Hospital. Deane and Ruth Horton, Coleman Hospital Zedic and Ruth Lacefield, Coleman Hospital. Peter and Nettie Young, 2325 Northwestern. Piercy and Fannie Westerfleld, 364 S. Laclede. William and Ruth Souders, 3615 E. Walnut Oliver and Mary Webb. 2501 Cornell.

Middle West Utilities Company 7\otice o] "Dividend on “Trior £ien Stock The hoard of Directors of Middle West Utilities Company has declared a Quarterly dividend of Two Dollars ($2.00) upon each share of the outstanding Prior Lien Stock, having a par value of SIOO a share, and One Dollar and Fifty Cents ($1.50) upon each share of the outstanding $6 Cumulative Non Par Prior Lien Stock, payable June 15, 1928, to the holders of such Prior Lien Stock, respectively, of record on the company's books at the close of business at 500 o’clock P. M., May 31, 1928. EusraotJ. Knight, Stcrrtmjt

Commission Row

PRICE TO RETAILERS FRUITS Apples—Fancy barrel apples, seasonable varieties, $5.50® 10.50; x'anev basket apples, seasonable varieties. $2.25®3: 40 lbs.; choice box apples, seasonable varieties, S3® 4.75. Cherries—California. $3.50®4.25, 8 lbs. Grapefruit—Florida. $4.50®7.50 crate. Lemons—California. $7.50@9 crate. Orances—California navels. $6®9.75 crate; Florida. ss® 9, crate; California Valencias, $5.50®8 crate. Pineapples—Cuban. $4®4.75 crate. Strawberries—Alabama, s4®6, 24-qt. crate; Tennesse, s4® 6. VEGETABLES Asparagus—Green, $1®1.25 doz. bunches, white. 40'// 60c. Beans Southern. $3.50® 4 hamper; Valentiens. $3 hamper. Beets—Texas. s2® 3.50 bushel. Cabbage—Mississippi. s3®6 crate. Carrots—Louisiana, $1.75 bu.: Texas, $4. 10 dozen crate. Celery—Florida. $5®5.50 crate. Cucumbers—lndiana hothhouse. $1.75 for box of 1 doz. Eggplant—H. G.. $1.50 doz. Kale—Spring. $1(511.25 bu. Leek—7sc bunch. Lettuce—California, $3.50®4 crate; hothouse. leaf. $1.65®1.80. 15 lbs. Mushrooms—sl. 1% lbs. Mustard—Southern, $11.25 bushel. Onions Home-grown, green. 30® 50c doz.; new Texas yellow. $2 25®2.50 crate; Texas crystal wax, $2.2502.50 crate; Texas Bermudas. $2.25 crate. Parsley—soc doz. bunches. Parsnips—Home grown. $1.25 bu. Peas Mississippi Telephone. $2 50 hamper. Early June. $2 hamper. Peppers—Florida mangoes. $3.50® 5 crate Potatoes—Michigan, white. $2.98® 3.10, 150 lbs.; Minnesota Red River. Ohios. S3 120 lbs.; Waho, $2.40 120 lbs.: Texas, new. 54.25 cwt.; Florida Rose. $6.25 bu.: Texas Triumphes, $6.50 bu.; Alabama Triumphs, $4 cwt. Radishes—Hothouse, button. 60®70c doz. bunches: southern long red. 30c doz Rhubarb—Home grown. 25® 35c dog Spinach—Kentucky, $1®>1.25 bu.. hamper Potatocs — Por t° Ricans. $2.25 Turnips—sl.sool.7s per hamper. MISCELLANEOUS Cider—s4.so 6-gal. case: $4.75 doz. halloa!. .jars. Garlic - California. 23e lb.

Through Public Co-Operation NATIONAL MUSIC WEEK Was a Great Success in Indianapolis U r p\|HE development of music by U jj a community means an advancement of culture in that community. The spontaneous acceptance of National Music Week and the propensity with which the general public entered into the spirit to make it a rousing success proves without doubt the high plane of our citizens. It was with great delight that The Indianapolis Music Dealers Association viewed the great interest taken by the citizens of Indianapolis in this national movement for the development of music and they take this opportunity to thank you one and all for the part you have played in making National Music Week a decided success. -f .j PEARSON PIANO CO. THE BALDWIN PIANO CO. H. T. ELECTRIC CO. THE STARR PIANO CO. FULLER-RYDE MUSIC CO. CARLIN MUSIC CO. CIRCLE SALES CO. CHRISTENA-TEAGUE PIANO CO. “Music for Everybody—Everybody for Music”

YOUR MOTOR JOYS WILL BE MORE COMPLETE WITH A TIRE* % /§/ 13 #r,loy trouble proof, they Br< guaranteed, they have all { IVj J °dvantages of any make tiro I I [ |M -I'*- our personal service. Credit Terms Select the tires or buttery you want—arrange with our salesman terms that are agreeable to you. Factory Supply & Tire Cos. 963 No. Meridian. Capitol and Maryland

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

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