Indianapolis Times, Volume 40, Number 13, Indianapolis, Marion County, 26 May 1928 — Page 15

2VIAY 26, 1928

BULLISH TREND IS RESUMED IN i STOCKMARKET Brokerage Loan Reduction i Restores Confidence in Trading Today.

Average Stock Prices

Average of twenty industrials Thursday ■was 217.53. up 2.08. Average of twenty lails was 143.50. up .20. Average of forty ponds was 98.29. up .01. JSjy United Press NEW YORK, May 25.—Confidence restored by a reduction ot 846,000,000 in brokerage loans due to the shake-out in prices earlier in the week and late last week, the stock market today resumed bullish demonstrations under the lead oi' an old favorite, United States Steei. Steel common was accumulated in a heavy . volume, the prices rising to 148, compared with its previous close of 145-/4. A few days ago it jvas selling below 143. Radio staged another of its pyrotechnical displays, rising from a gow of the day of 19314 to 205 in a row of advances in the afternoon. At the peak for the day, the issue Uvas up 12 points. Wright and Curtiss Aero also moved widely the latter at one time selling at 144%, up 44, ad Wright to 192, up 4. Both these issues lost Vbart of the gains in subsequent transactions. Coppers Buoyant Copper shares were buoyant due to a rise to 15 cent in the price of Export copper. Kennecott, Howe Sound, Greene £ananea, Magma, Inspiration and (American Smelting made the widest gains in this group. Studebaker featured the motors In activity and strength, rising to jthe highest levels in the history of ► the present stock. Reo also developed exceptional strength on Operations ascribed to pool activity. Mail order shares, particularly JVlontgomery Ward and Sear Roebuck spurted several points, while many special issues, including the Harvester shares and independent gteels, made good advances. Oils find rails were dull. Trading Not Too Active Trading was considerably more Active than Thursday, but the tape was able to keep pace with transactions. Describing the market, the Wall i Street Journal’s financial review said: “Further ammunition for the refcovery from the recent break was furnished by the decrease of approximately $46,000,000 in brokers’ loans during the week ended May 23. In conjunction with a,slightly stronger position in the reserve ratios of both the local regional banks and the system as a whole, this reduction stimulated demand for representative stocks. New highs on the rally were reached by trading favorites.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $3,379,COO. Debits were $7,909,000. NEW YORK STATEMENT B‘i United Press NEW YOFK. May 25.—Bank clearings today were $1,321,000,000. Clearing house balance was $135,000,000. CHICAGO STATEMENT sSy United Press CHICAGO. May 25.—Bank clearings today were $102,309,000. Clearing house balance was $7,900,000. FOREIGN EXCHANGE j!, l / I nited Press ’ NEW YORK. May 25.—Foreign exchange Closed steadv. Demand Sterling $4.87 1516. up ,001-16 c; francs. 03.93%c; lira. 05.26%c: belga, 13.95 c; marks, 23.93 %c; Montreal $.99,859,375. TREASURY STATEMENT T.n T nih il Press WASHINGTON. May 25.—The Treasury net balance Mav 23 was $84,941,307.88. Customs receipts for the month to May E3, were $31,560,494.06.

In the Stock Market

* (Bv Th/jmson &. McKinnon 1 NEW YORK. Jtfav 25.—Bullish activities were renewed this morning and if anything were more forcible than at anv time since the upward trend began on Wednesday. The advances were sharp, but the causes difficult to define as there were no new developments which would seem to Justify such activity. Radio, which staged the greatest advance, did so in face of a monopoly charge by the Federal Trade Commission while Schwab, who is usually a, proponent of extreme optimism, seemed lo temper his remarks bv qualifications and suggestions. It was only during the last few minutes of trading that stocks lost their buovanev. resulting in the wiping out of much, if not all. of the early gain. This condition, however, did not extend to the coppers and oils where basic, conditions are sound and show good promise of growing better. There was no change whatsoever in the money mavket ■where time and call funds .demanded 5% per cent and % per cent respectively. However, unless there is easement In this fundamental, it is quite likely that some filsturbing effect will develop. New York Curb Market —May 25 — American Gas ?5§! 3 Am R Mile 100% Continenta) Oil 'Jj'/z Humble Oil §3 Imp Oil of Canada 68 Int Pete -..A 41 7 /, Ohio Oil 64% Prairie Oil and Gas 52 Prairie Pipe Line 214 S O Indiana 79 S O Kansas 33 S O Kentucky 130 Vacuum Oil el% Mountain Prod 23% gait Creek Ford 28'A Durant Motors Del 11% Elec Bond and Share 110% Elec Investors 71'/, Ford of Canada 634 Natonal Leather 5 Serv El 15% Cities Service Com 68 Cities Service pfd : 103 Marmon 51% United L P A 25 ■Warner Bros B 30% Local Wagon Wheat Local grain elevators are paying $1.68 for No. 2 red wheat. Other grades are purchased on their merttsNew York Liberty Bonds • —May 25 Prev. Close. Close %s 100.9 100.9 Ist 4%s 101.26 101.23 3d 4%S 100.2 100.3 4th 4'As 102.3 102.5 Tr 4V.S 1952 114.1 114.4 Tr 4s 1954 109.2 Tr 3%s 106.8 NEW YORK COFFEE RANGE —May 25 — High. Low. Close. January 15.20 15.10 15.10 March 15,0.3 15.05 15.08 Mav 14 70 14.70 14.70 aJuly 14.90 14.80 14.88 |*‘Ptember 15.08 15.05 15.05 Kcccmber ............ 15.13 15.10 15.13

New York Stocks

(By Thomson & McKinnon)

—May 25 Prev. Railroads— High. Low. Close, close. Atchison 183% 191 i 191 Va 191 Vi Atl Coast Line 182 ! Balt &. Ohio 114% ... 114% 114 Vi (Canadian Pac ..215 213 1 i 214% 213% Chesa & Ohio. . 197!i 195% 195% 198% Chi & Alton ii I Chi & N West.. 89'i ... 87*4 88'/. I Chi Grt West... 12% 12% 12% 12% C R I & P 118% ... 117 3 4 117 3 4 | Del & Hudson. .211', ... * 210 211 Del & Lacka. . . .141% ... 140 s . 141% Erie 57% 57' s ■ 57' 4 57% Eric Ist pfd.... 561 a ... 56 56 s * Grt Nor pfd .... 103*2 ... 103 103 5 s [ 111 Central !45 144 144% 143* . Lehigh Valley .108 107’, 107’. 106% Kan City South 57 56% 56% 57 Lou it Na.h 153 M K A; T 35% . 35 35% Mo Pac pfd 114 117 -'8 118 119 N Y Central ...183% ... 181 18214 N Y C & St L.. 136 1 2 ... 13514 137 3 4 NY NH & H.... 62 ... 62 61'2 Nor Pacific 101 • 4 ... 100 100 Norfolk & West 187 1 187''. 188 3 4 Pere Marquette 140 139% 140 ' 140% Pennsylvania .. 66% 65% 66' a 66 P &/W Va 155 3 4 ... 153 155% Reading 11l . UO'i 111 7 -, Southern Ry ...161% 159% 160 161 Southern Pac ..126 125% 125'- 126 3 i St Paul 35 3 b ... 35>f 351/. St Paul pfd .... 46 7 o ... 46% 46% St L & C W 3611 St L At S F U9 7, a 119% 119% 120 Texas & Pac ...136% ... 136% 137 Union Pacific ..202 7 8 202 201 7 8 West Maryland. 49'j 48 3 /4 49'- 49% Wabash 91 ... 90 * 91', Wabash pfd ... 101 Rubbers— Ajax 9% 9 #% 9U P‘3k , 151a ... 14 7 ,15 V, Goodrich 88' ... 86'2 86% Goodyear 52'2 ... 52 'A 53 Kelly-Spgfld .... 2112 21 21' 2 21 Vi Lee 21 20U 21 21Va United States .. 43' 4 42' 4 42'j 42i Equipments— Am Car At Fdy.,104 ... 103’ 103 I '- Am Locomotive 1061 a . . 106 106 * Am Steel Fa 62% . . 81'2 82% Baldwin Loco . .252'2 . . 252% 250 General Elec ..163'.. 158% 159 162 Gen Ry Signal .. 92 7 * 91', 91 3 4 92 Gen lank 75% 75 75 74 s . Lima Loco 61 ... eo 58'-. N Y Airbrake. 43’s 43!, 43!. 43' Pressed Stl Car 22 3 4 Pullman 891 ... 89 89% Westingh Air B . 49:, 48'. 48'2 49 i - Wstingn Elec... 105 4 ... 1034 1034 Steels— Bethlehem .... 63'. 624 624 624 Colorado Fuel.. 77’. ... 76 4 76 Crucible 854 *54 854 85 7 Gulf States Stl. 66 4 66 664 65 Inland Steel ... 60 . . 57 so'. Phil RCAs I .. 334 32'. 33 32\ Stl 61 • • 60 4 60 Sloss-Sheff 11/4 U S Steel 148 146' a i46 7 145 s . AIIOV 394 38 s a 38 : 4 394 Youngstown Stl. 884 ... 88 s . 884 Vanadium Corp. 87 844 854 84Motors— Am Bosch Mag. 404 384 39 38 ! Chandler 204 184 18'• 204 Chrysler Corp. 80 4 79 79 78'• Conti Motors.. 134 13‘ 134 13 * Dodge Bros .... 20 4 194 19". 194 Gabriel Snbbrs. 194 194 19 s , 194 Gardner 13 x ,e ” 13 General Motors. 1944 1904 19I'. 193 HUPP 56 s . 55 4 56 58 Jordan 13 . 124 124 Mack Trucks . 914 894 T 90' Martin-Parry .. 214 19 214 jq% Moon 10 94 io 9.; Motor Wheel .. 394 ... 38'. 384 £ asi 93 4 92 92 914 P a 9 ka rd 77 4 75 4 75 4 76 Pf‘e33s,4 5 , 33 4 34 4 34 4 Pierce Arrow.. 16' ... 15 s , 154 geo. 304 294 304 284 Studebaker Cor. 82 3 80 804 81' Stew Warner 95", . 944 94 Strombere Carb fil 60 4 61 60 1 7, n , 1 , ken P°a, r •: 128 126'. 127', 126 ! WUlvs-Overland 26 ... 25 s , 26 4 Yellow Coach.. 37 36'• 364 36' - White Motor... 354 ... 354 36 ' Mining— Am Smlt A: Rfg 1954 1914- 1934 1914 Anaconda Cop.. 73 704 724 70'. Calumet & Ariz 1074 1044 106 s . 1044 Cerro de Pasco. 75 4 734 744 70 v 1 Chile Copper ~ 44'. 43 4 44 ' 434 Greene Can Cop 127 1254 1254 124 Inspiration Cop. 25' 24 4 254 244 Int Nickel .... 994 954 95*" og ’ Kennecott Cop. 94 4 914 94 91 Magma Cop... 56 4 54 4 554 544 Miami Copper . 214 21'. 214 21 * Texas Gulf Sul. 73 s , 724 7*"* 72 4 I U Oils—el 1 48 '-’ 49 T ANARUS 484 ) srEo^.-v 128 ••• mi * Freoport-Texas . 72 4 704 '-ii'. 71 >4 Houston Oil ... . 155 7 a 149 4 149' . 153 Indp Oil & Gas 27 4 274 27 4 27' . Marland Oil ... 394 384 394 70% Mid-Cont Petrol 32 . 311’, 3? 1 Lago Oil & Tr 35'.. 35 4 35 4 35 SSP.IA"* Pc'- B. 50 48 4 50 494 Phillips Petrol. 41% 414 414 41% Pro & Rfgrs ... 24 ... ’ 23 4 2*" Union of Cal .. 514 51 514 514 Pure Oil 24 . 23 4 234 Royal Dutch ... 52 5 . 524 52'. 52 Shell 28 27 s , 28 274 Simms Petrol ... 22'!- ... 224 224 Sinclair Oil ... 27 264 20 4 26 4 Skelly Oil 31 . . 304 304 Std Oil Cal ... 60'.; 59 4 60 4 59 4 Std Oil N J ... 4 6 '. 44 4 46 4 444 Std Oil N Y ... 37 s , 36’, 374 364 Texas Corp ... 654 64 4 644 65 Transeontl .... 84 ... 84 84 White Eagle ~ 244 ... 24’. 24 Industrial,— Adv Rumely ... 354 ... 35 34% Allis Chalmers . 1244 ... 124 1234 Allied Chemical.l64 ... 1624 164 Angour A 164 ... 164 164. Arne? Can 924 904 92 914 Am Linseed ... 1054 102 s , 105 1024 Am Safety Raz. 674 ... 66 4 6' Am Ice 39 s . .. 384 ;9 Am Wool 22 4 22 22 4 214 Curtis 1444 137 1374 1404 Coca Cola 173 1634 173 169 Conti Can 1074 107 107 4 1074 Certain teed ... 454 41 s , 44 40% Congcleum .... 274 ... 27 274 Davison Chem.. 534 ... 52'., 52% Du Pont 393 394 393 Famous Players. 1264 1254 1254 126 Gen Asphalt ... 88 87 4 87 4 874 Int Bus Mch ...1264 ... 1264 125 Int Cm Engr ... 584 574 574 584 Int Paper 79 4 77 4 78 4 78 4 Int Harvester ..270 266 270 2664 Lambert 115% 114% 1144 1144 loewes 734 ... 72 % 724 Kelvenator .... 204 19% 20 204 Montgom Ward 151 146 1474 1474 Nat C R 63 s , 62% 62', 63 Pittsburgh Coal. 47 5 . 47 47 4 46Vi Owens Bottle ... 87 s * .. 87% 87 Radio Corp .... 204 1934 203 193 Real Silk 28 4 28 4 28 4 284 Rem Rand 334 31 s . 33 314 Saers Roebuck .107% 105 1074 107 Union Carbide ..153'. . . 151'a 1014 U S Leather... 46 4 45 4 45 5 , 46 Univ Pipe 22% 22 4 224 224 U S Cs Ir Pipe 249 U S Indus Alco..Us'i 115 1154 1144 Wright 191 1844 186 4 188 Woolworth Cos ..191% 1894 189% 188% Utilities— Am Tel At Tel ..202% 2014 201 4 2024 Am Express .. .1894 ... 188 188 Am Wat Wks... 63% ... 62 4 624 Brklvn-Manh T. 644 64 844 Col G & E 1134 111% 111'/* 112'/a Consol Gas . .158% 1554 155 s . 154 Elec Pow As Lt 424 414 41% 414 Interboro 40 4 37 V* 384 40 Nor Am Cos 741* 73 4 74Vi 73% Nat Power 34% 33% 34 34 Peoples Gas ....175 ... 175 175 So Calif E 50% 49% 50% 49% Std Gas & El.. 70 .. 69 70 Utilities Power.. 42 414 414 41 West Union Tel. 157% 156 157% 156V4 Shipping— .... Am Inti Corp ...114 ... 110', 1 111 1 4. Am Ship & Com 5% s'i 5% 5% Atl Gulf & W I 584 ... 57 58% Inti Mer M pfd 42% ... 42 • 41% United Fruit ....141% ... 1404 141 Foods— Am Sug Rfg ... 74 5 ,73 Vi 73% 75% Am Beet Sugar.. 18 ... 17 s . 18 Austin Nifhols.. 8% ... 8 8% Beechnut Pkg ..77 ... 77 76 | California Pkg 754 ! Corn Products.. 784 ... 78% 784 Cuba Cane Su p 30% 29% 30% 29% Cuban Am Sug 24% 23 4 23 5 , 234 Fleischmann Cos. 73 72% 72% 72’i Jewel Tea 107 106 107 106% Jones Bros Tea.. 34'i ... 34'i 34 Kraft 73% 72 72 73 U Kroger 91% 89 s . 90% 91% Natl Biscuit ....174% ... 1704 172 Nat Dairv 84 83 'i 83 4 83U Postum Cos 1324 130% 132 130 Ward Making B 32% 32 22% 22% Tobaccos— Am Sumatra .. 55% . . 54 54% Am Tobacco ...160 159 160 158% Am Tob B 161% 159% 161% 159 Con Cigars 89 86% 83% 86 General Cigar.. 6\ 66% 664 66% Lig & Meyers.. 97\ 954 97 95% Lorilard 30% 30 30% 30% R J Reynolds . .133 ... 132 132 Tob Products 8.1114 . . 110% 110% United Cigar St 294 294 294 294 Schulte Ret Strs 64 63 634 61% Other Livestock P.ii United I'rcsß CLEVELAND, May 25.—Hogs—Receipts. 1.300: market, 10frcl5c up; 250-350 lbs.. $10.157710.50: 200-250 lbs.. $10.257710.50; 160-200 lbs., $10.15® 10.50; 130-160 lbs;, $8.50 (ii 10.40: 90-130 lbs., $8.50®8.75; packing sows. $a.25<fr:8.75. Cattle—Receipts. 50. Calves—Receipts. 250; market. steadv; calves. 50c down: beef cows. $7.50(fi10; low cutter arid cutter cows. $5.506 8.75; vealers, sl3® 16. Sheep—Receipts. 600: market, steady; top fat lambs. $16.50: bulk fat lambs. [email protected]: bulk cull lambs. $11.50 6.13.50: bulk fat ewes. $6.5067.50: bulk spring lambs. $17®20; bulk cull spring lambs. $14.50® 16. B.U United. Press PITTSBURGH. May 25.—Hogs—Receipts. 2,300: market mostly steady; 250-350 lbs., $107710.25; 200-250 lbs., [email protected]: 160200 lbs.. $10.40® 10.50; 130-160 lbs.. $9.50 610.50; 90-130 lbs.. $8.506 9.50; packing sows. $868.50. Cattle—Receipts, none. Calves—Receipts, 225: market, steadv; beef steers. $126 13.75: light yearling steers and heifers. $10.50® 13.25; beef cows. $8.50® 10.50; low cutter and cutter cows. $6®7.50; vealers. $146 16: heavy calves. $9612.50. Sheet)—Receipts. 500: market, unchanged: top fat lambs. sl6: bulk fat lambs. $12.50 ®ls; bulk cull lambs. $8.50®12; bulk fat ewes. $6.50® 9; bulk spring lambs, sl6®) 18.50.

HOGS 10 TOl5 CENTS HIGHER; RECEIPTS 9,000 Few Selected Porkers Bring $10.10: Calves Drop Half Dollar. May Bulk Top Receipts 18. 9.00610.25 10.25 5,500 19. 8.707710.00 10.00 5,000 21. 8.60® 9.85 9.85 7,000 22. 8.75® 9.90 9.90 7.500 23. 8.60® 9 90 9.95 5.500 24. 8 60® 9.90 10.00 6,000 25. 8.75®10.00 10.10 9,000 Hogs climber 10 to 15 cents on the hundredweight at the local stockyards today, although receipts were higher at 9,000 fresh animals and 335 holdovers. Material in 170-300-pound weights brought $lO and a few selected animals sold for $lO.lO. Cattle were steady to lower and j calves dropped 50 cents. Sheep and lambs opened weak with the trend pointing downward. Chicago hogs opened around steady with Thursdays best prices, j slO.l Obeing paid for choice 200- | 220-pound averages. Receipts num- ! bered 20,000. Pigs Up Quarter Heavy meat animals, 250-350 pounds, were up 10 to 15 cents on the local market, selling at $9.80 / vi’ 10.10, and material weighing 200-250 pounds, brought slo@ 10.10, up the same. Lights, 160-200 pounds, sold at s9.so'® 10, advancing 10 to 15 cents, while light lights, 130-160 pounds, went up 15 to 30 cents, to a range of sß.7s'® 9.40. Pigs sold at i $7.25® 8.25 and packing sows at $8.25 <a 9.25, both a quarter higher. Steers were steady and cows weak in the cattle market, which was supplied with 600 head. Beef steers brought $11.75*512.25, while cows sold at sßsll, off 50 cents on the lo wend of the range. Low cutter and cutter cows were 25 cents lower on the top at $5.75®7.50, while bulk stock and feeder steers were unchanged at $7.5059.50. Vealers Drop Half Dollar Best calves were off 50 cents in the vealer division, ranging sl4® ■ 15.50. Heavy calves were steady at S7®ll. There were 1,000 animals ! brought to the yards. Sheep and lambs were steady with 400 animals in the pens, mostly springers, which sold lower at $165 18. The top for fat lambs was ; sls. and bulk fat lambs brought $13®14.50. Bulk culls ranged SBS 11, and fat ewes were $6.505 8.25. —Moss— Receipts, 9,000; market, higher. 250-350 lbs $ 9.807/ 10.10 200-250 lbs 10 (H)7, 10 10 160-200 lbs 9,50610.00 1 130-160 lbs 8.757, 9.40 90-130 lbs 7.25® 8.25 • Packing sows 8.25® 9.25 i -CattleReceipts. 600; market, steady to lower. ■ Beef steers $11.756 13.25 1 Beef cows 8.00611.00 Low cutters and cutter cows . . 5.756, 7.50 j Bulk stock and feeder steers.. 7.50® 9.50 j —Calves— Receipts. 1,000; market, lower. Best vealers $14.006 15.50] Heavy calves 7.00®11.00 j —Sheep and Lambs— Receipts. 400; market, slow, weak. Tod fat lambs $15.00 Bulk fat lambs V 13.007/ 14.50 Bulk cull lambs ■ 8 006*11.00 Fat ewes 6.50® 8.25 Spring lambs 16.00®18.00 Other Livestock B// ( nited Press CHICAGO. May 25.—Hogs—Reoeipts. 20,000; market, slow; mostly steady to strong with Thursday’s average; spots, strong to 10c higher on choice. 200-230 lbs.; top. $10.15 paid for choice around 225 averages butchers, mediu mto choice. 250350 lbs.. $9.35® 10; 200-250 lbs., $9,507, 10.15: lou-209 lbs.. $8.6071 10.15; 130-160 dbs., 57.50 6 9.75: packing sows, $8.106 9.15: pigs, medium to choice, 9C-130 lbs., $768.25. Cattle—Receipts. 2,000. Calves—Receipts, 1.000: meager supply slaughter steers, mostly steady to strong: she stock, weak; calves, unchanged: bulls, weak to 25c lower; stockers and feeders at a standstill; slaughter classes, steers good and choice. 1300-1500 lbs.. sl2 75614.25; 11001300 lbs., $12.75® 14.25; 950,1100 lbs.. $12.75 614.50; common and medium, 50 lbs.. $lO ® 12.75; fed yearlings, good and choice. 750-950 lbs.. $12.756 14.50; heifers, good arid choice, 50 lbs. down, 512.507/ 14; common and medium. $8,756)12.50; cows, good and choice. $9®i1.75: , common and mediums, $7.756 9; low cutter and cutter, $6®7.75; bulls, good and choice, beef, $9 ®10.50: cutter to medium, 57.75®9: vealers, milk fed. good and choice. $13,507/ 16; medium. $11,506:13.50: cull and common, $8611.50; stocker and feeder steers, good and choice, all weights. $11.50® 12,75; common and medium, $9.506 11.50. Sheep —Receipts. 7,000; dependable steady strong trade on better grade clipped lambs and springers: lower grades sticky: about steady on better grade fat ewes. 140 lbs. down; lower grades and weighty kinds draggy. 25650 c lower: replacement supplv, very scarce; slaughter classes, spring lambs, god and chioce. $17.656 19; medium. $16.75® 17.65: cull end common, $13.75'-/ 16.25% lambs, good and choice. 92 lbs. down. $15.50® 16.85: medium. $14615.75: cull and common. $11.75614; medium and choice. 92-105 lbs. $13.25613.75: ewes, medium to choice, ISO lbs. down. $5,857/ 9; cull and common, $6.256.7.25. P.ii United Press EAST BUFFALO. May 25.—Hogs Receipts. 2,500; holdovers. 812: market 106* 15c up; pigs 256:50c up; 250-350 lbs.. $lO 610.60; 200-250 lbs., $10.406 10.65; 160-200 lbs.. $10.15610.65; 130-160 lbs., $9.25® 10.35; 90-130 lbs., $8.75®9.25; packing sows, $8.25® 8.75. Cattle—Receipts. 150; calves, receipts 1,000: market steady; beef steers, $11.50® 14; light yearling steers and heifers, $7,507/9: beef cows. $7,506*9; low cutter and cutter cows, $4 50 6 6.50; vealdrs. $16616.50. Sheep Receipts, 1,400; market strong to 25c up: bulk fat lambs. $16.50 6 17; bulk cull lambs, sl2® 13: bulk ®20 eWCS ’ * 7 ' so ® 9 ’ bulk spring lambs, sl7 By Times Speeial LOUISVILLE, May 25.—Hogs—Receipts, 1.000: market. 10c higher: best heavy and medium hogs. 175 lbs. up. $9,257/ 10: pigs and lights, 175 lbs. down. $6.15778.45; throwouts and stags, $77/7.60. CattleReceipts. 200; market, steadv to 50c lower; prime heavy steers. $127/13: heavy shinping steers. sll7/12; medium and plain steers. $9.50®11; fat heifers, s9@l3: choice fat cows. $97/10.50; medium to good cows, s7®9; cutters, $5.5067; canners. $57/5.50; bulls. $67/9.50: feeders, $97/ 11.50: stockers, 8.50®11.50. Calves—Receipts, 300; market, steady; good to choice. $11613; medium to good. s9®ll; outs. $9 down. SheepReceipts. 400; market, steady: spring lambs. $18; seconds. $127/15: sheep. $767.50: buck $4 down. Thursday’s shipments: Cattle, none: calves, 101; hogs, 501; sheep, 227. By United I'ress FT. WAYNE. Ind., May 25.—Hogs—Receipts. 550: market, steadv to 15c higher: 90-110 lbs.. $7; 110-130 lbs.. $7.50: 130-140 lbs., $8.50; 140-150 lbs.. $8.85: 150-160 lbs . $9.10: 160-170 lbs.. $9.50; 170-200 lbs.. $9.90; 200-225 lbs., $10; 225-275 lbs.. $9.90: 275.350 lbs., $8.60; roughs. $7 to $8: stags, $5 to $6. Cattle—Receipts. 125. Calf—Receipts. 125; market, sls down. Sheep—Receipts. 50; market. sl4 down. By United Press CINCINNATI. May 25.—Hogs—Receipts, 4.500: holdovers, 1.497; market, steadv to 10c up: 250-350 lbs.. $9,857/10.25: 201-250 lbs.. $10,107/10.25; 160-200 lbs.. $9.50® 10.25; 130-160 lbs.. $8.507/9.75: 90-130 lbs.. $67/ 8 75: packing sows. $7.50 6 8.50. Cattle— Receipts, 450. Calves—Receipts, 500; market, vealers. 50c up; beef steers. sll6 13.50: light yearling steers and heifers, sl2 ®13.50: beef cows. [email protected]; low cutter and cutter cows. $5.7567.75; vealers, sll7/ 15; heavy calves. $9612; bulk stock and feeder steers. $10.50® 11.50. Sheep—Receipts, 800; market, low, grade spring lambs, 50c down; top fat lambs, sl2, nominal; bulk fat lambs. $106*11; bulk cull lambs. s6®B; bulk fat ewes, $668; bulk spring lambs. 517ig.18.50; bulk cull spring lambs, $12.50® 15. B’i United Press TOLEDO. May 25.—Hogs— Receipts. 400; market, steadv: heavies. $9.50*99,75: mediums. $106*10.25; yorkers. $9.606 10; good pigs. $7.50 6 8.50. Cattle—Receipts, light; market, slow. Calves—Receipts, light: market strong. Sheep and lambs—Receipts, light, market, steady.

THE INDIANAPOLIS TIMES

Produce Markets

Butter /wholesale price)—No. 1. 47048 c; No. 2. 45646 c lb. Buttcrfat (buying price)—4s7/46C lb. Cheese (wholesale selling prices, per pound I—American loaf, 32®35c: pimento loaf. 34® 37c: brick loaf, 327/35c; Swiss. 396 42c: Wisconsin fat. 277/32c: print cream. 257/27c; fiat display. 264f27c: Longhorn. 27%c; New York limberger, 32c. Eggs—Buying prices; Fresh, delivered at Indianapolis, loss off. 23%@25c doz. Poultry (buying price)—Hens. 21®22c; lb.; Leghorn hens. 18c; 1928 spring, 1% to 1% lbs.. 32c; 2 lbs. and up. 25c; Leghorns. 30c; old roosters. 10® 12c: ducks. 11c: geese, 87/10; guineas, old 35c, young 50c. Bn United Press CLEVELAND. May 25.—Butter —Extra in tub lots. 46%648c: extra firsts. 43%6* 45', ic; seconds. 39%7/:4'hc. Eggs—Extras, 32c; extra firsts. 30c: firsts. 27%c; ordinary, 27c. Poultry-Heavy brokers. 407/45c: Leghorns. 33®07c heavy fowls, 286 29c; medium stock. 287 29c; Leghorns, 237/ 25c; old roosters. 15® 6c: old ducks. 217/24c: old geese, 16617 c. Potatoes—lso- - sack round whites, Maine. $37/3.25; Michigan. $2,507/2.65: Wisconsin. $2.5070 2.65: Minnesota. $2.506 2.65: 120-lb. sacks, Maine. $2,507/ 2.65: Minnesota. $1,856*2; 110-120-lb sacks, Idaho Russet Burbanks, $2,107/2.25: Florida Hastings. $5 a barrel; Florida. 150-lb. sacks. $4.25®4.50. Bn t nihil Press NEW YORK. May 25.—Flour—Quiet and steadv. Pork -Quiet. Mess—s3l.so. Lard —Steadv. Midwest 5p0t—512.307712.40. Sugar—Raw. easy, spot. 96 test delivered dutv paid. 4.46 c: refined, steadv; granulated. 5 957/6c. Coffee—Rio No. 7 on snot. 15 s ft5/15%c; Santos No. 4. 247/24’,.c. Tallow—Steadv: special to extra. 8V B%c. Hav —Firm; No. 1. $1.25: No. 3. 85c7/$1.05; clover. 75c'</Sl.lO. Dressed poultry—lrregular: turkeys. 257/ 47c: chickens. 267) 48c- broilers. 3077 48c! fowls. 14 /31c: ducks. Long Island. 22c. Live poultry—Steady; geese. 10@12c; ducks, 157724 c; fowls. 257/ 30c; turkevs, 15630 c: roosters. 14c; broilers. 207/53c. Cheese —Firm: State whole milk, fancy to specials, 29%®31c; young Americas, fresh 25!6c. Potatoes —Long Island, $1,507/3.25; Southern, $2,507/5; Maine, $2.256 3.35: Bermuda. $3.506 6. Sweet potatoes—Jersey, baskets. SI 7/3.50. Butter—Steady; receipts. 12.309; creamery, extra. 44' jc: special market. 457/45%c. Eggs—Steadv: receipts, 28.878: nearby white fnnev. 34%'/36c- neerbv State white. 306 34c: lresh firsts. 28 s 17/ 29 1 -c: Pacific Coast. 297/38c: western whites. 30% 7/32’jc: nearby browns. 29%636c. Bn t nited Press CHICAGO. Mar 25.- Butter Receints 13.722; extras. 42%e; extra firsts. 41%7i 42'1 c: firsts. 416 41%c: seconds. 387/ 40c; standards. 42%c. Eggs—Receipts. 30.794: firsts. 277/ 27%c: ordinaries, 25%7/ 26%c: seconds. 25c: extras. 30'*c. Poultry—Receipts. 3 cars fowls. 237/25c; Leghorns. 22'.-c: ducks, heavy. 18c; small. 16c; geese. 14c: turkevs. 20®25c: roosters. 16’ ic: broilers. 307/42c. Cheese—Twins. 23c; voting Americas 24c, Potatoes—Arrivals. 94; on track. 318; in transit. 959; Alabama and Louisiana sacked Bliss Triumphs. $2.40 7/2.75. according to quality and condition: Florida barrels. Soaulding Rose. $4 75'// 4 85: Wisconsin sacked round whites. $1.15 7/1.30: Minnesota sacked round whites. 75c7/$l 15: according to condition: Idaho sacked Russets No 1, $1.257/1.40: commercials. $1.1501.20. Sweet potatcos—No quotation.

Commission Row

TRICE TO RETAILERS FRUITS Apples—Faucv barrel apples, seasonable varieties. $7,506 10.50: fanev basket apnles. seasonable varieties. $2,756*3. SO lbs.: ehoice box apples, seasonable varieties. $2 757)4 75. Conteloupcs—California. $5.5077 6 crate. Cherries—California. $36 3.75, 8 lbs. Grapefruit—Florida, 546 6 crate. lemons—California. $869 crate. Oranges California navels, $3.500 4 crete: Floiida. $569 crate; California \elpncias. 55.5069 crat". Pineanples—Cuban. $3.506 4 crate. Strawberries Alabama, s3®4 24-qt. crate; Tennessee. $2 65. VEGETABI.ES Asparagus—Green, 90c doz. bunches, white, 75c. Beans—Southern. $2.5063 hamper; Valtntiens, $1.506 2 hamper. Beets—Fanev southern. 51.75 hamper. Cabbage—Mississippi, $2.7364.75; Alabama. $4.75 crate Carrots—Louisiana. $1 50 bu.; Texas, $3.50. 10 dozen crate. . Ce cry—Florida. $57/5.50 crate. Cucumbers—lndiana hothouse. !1.50@ 3.75 lor box of 1 doz Eggplant—H. G.. $1 doz. Kale—Snring. 75c®$l bu. Lcek--75c bunch. Lettuce—California. $3.50 crate: hothouse. leaf, $2.10 15 lbs.; 30®35c doz. bunches. Mushrooms—sl, 1% lbs. Mustard—Southern. Sl® 1.25 bushel. Onions Home-grown, grten. 35® 40c doz.: new Texas yellow, $2 crate; Texas crystal wax, $2.25 crate; Texas Bermudas, $2.25 crate. Parslev—loc doz. bunches. Parsnips—Home-grown. $1.25 bu. Peas —Mississippi Telephone. $2 hamper; Earlv June, $2.75 hamper. Peppers—F.orida mangoes. $6 crate. Potatoes—Michigan, white. $2.900 3.10, 150 lbs.; Minnesota Red River. Ohios, $2.75, 120 lbs . Idaho. $2.50. 120 lbs.: Texas, new. $4.25 cwt.; Florida Rose. $5.50 bu.; Texas Triumphs. $6.50 bu.; Alabama Triumphs. $3.75 cwt. Radishes—Hothouse, button. 60c doz. bunches: southern long red. 30c doz. Rhubarb—Home-grown, 25®35c doz. Spinch—Kentucky. 75c bu. Sweet Potatoes—Porto Ricans, $2.50 hamper. Tomatoes Repacked, $6.50, 6-basket crate. Turnips—sl 506 175 per hamper. MISCELLANEOUS Cider—s4.so 6-gal. case: $4.75 doz. halfgal. jars. Garlic—California. 20c lb. Rjf United Press CHICAGO. May 25.—Apples. $10612 per bbl.; strawberries. $2.50®3 per 24 quarts.

In the Sugar Market

(By Thomson As McKinnon) NEW YORK. May 25.—The slightly steadier market which developed around midday proved to be of temporary nature only. Future sales were made by operators with Cuban connections, but the support given was without significance as the buying was scattered. There only optimistic factor is in the belief that the refined sugar requirements arc not better than 60 per cent covered for the next 30 days. Hence anv change for the better in the weather should reflect in higher prices, for the raw. RAW SUGAR PRICES 1 High. Low. Close. January 2.33 March 2.78 2.76 2.76 Julv 2.74 2.72 2.12 September 2.84 2.82 2.82 December 2.92 2.90 2.90

In the Cotton Market

—May 25High. Lon 1 . Close Mav 20.50 20.28 20.40 July 20.47 20.08 20.41 October 20.29 19.90 20.23 December 20.25 19.87. 20.19 NEW YORK High. Low. Cose. January 20.53 20.17 20.53 March 20.50 20.15 20.50 July 20 65 20.27 20.62 October 20.74 20.37 20.72 December 20.60 20.24 20.57 CHICAGO High. Low. Cose. January 20.25 19.96 20.25 July 20.51 20.15 20.51 October 30.35 20.00 20.35 December 20.25 19.93 20 25 Chicago Stocks —May 25Open. High. Low. Close. Armour Del pfd 93’ 2 Armour Ills pfd 85 85 84 1 a 84'i Auburn Motor ..134 '4 135 134 135 Kraft Ohse 73 73 72'- 72'j Lib McN At L . l.'V. 10 3 , 10'* 10!i Middle West 153'/a 155 153',i 154 Swift A: Cos 134% 134% 133' 4 133' 4 Swift Inti 28 Vi 28% 28' 4 28% Wriglev 72 ... Borg & Beck .. 89 91 '4 89 90 Yellow Cab 33% 33% 33 33% Elec H H Util.. 261 4 27', 26 26 Gossard 57 3 * 57'> ST, 571, Monsanto 55'j .. Natl Std 47 ',4 37*'* 47 47 Natl Elec (A) .. 37V, 371* 37 37 Noblitt 38 '4 39 38 38 Unit Corpn ....33 3 , 35> 2 34'; 34 2 Decker & Cohn.. 32■;3332 3 32' 32', The Marion County Rainbow Division Veterans’ Association will elect officers tonight at its meeting at the Armory at 7. The organization also will decide concerning the Indianapolis delegation to the Rainbow Veterans national" convention at Oolumbus. The national convention of Foremen, meeting at Canton, has voted to hold its 1929 session in Indianapolis, according to Henry T. Davis, Convention Bureau manager, who returned today from Canton. G. C. Jose, 1128 Reid Sl„ reported his home entered by burglars Thursday night and S2OO worth of clothing taken.

HEAVY SELLING IN CORN SENDS WHEAT LOWER Oats Breaks With Other Grains on Chicago Board of Trade. iy/ / nited Press CHICAGO, May 25.—Heavy selling in corn carried wheat prices down on the Boar dos Trade today, although weather reports over the belt were unfavorable. Oats broke with other grains. At the close wheat was down l's to 2%c; corn was off 2% to 3; s c, and oats had lost % to 2%c. Provisions were sharply lower. Wheat was unsettled, in spite of unfavorable weather reports from the Canadian and American Northwest. Temperatures in the American Northwest were somewhat lower. The market was influenced by the break in corn and there was some uncovering of stop loss orders. No export business was reported. Corn broke early with heavy selling. Part of the belt received rains overnight and this aided the break. Oats declined with other grains. There was no news of significance. Chicago Grain Table „ May 25 WHEAT— Prov. Open. High Low. Close, close. Maw. 1.51% 1.51% l.*9'i J 49% 1.51% July.. 1.53 1.53'; l 50% 1.50% 1.53% Sept.. 1.53'. 1.53 5 . 1.50% 1.51 1.53', Doc 1.55'. 1.55% 1.53% 1.53% 1.55% CORNMav . 1.04% 1.05% 1.01% 1.01% 1.03% Julv.. 1.07 5 , 1.07% 1.03 5 , 1,03 s . 1.07 s , Sept.. 1.07 1.07% 1.04 s , 1.04 s , 1.07% Dec .92 .92% .89% .89 s . .91% OATS May.. .68 .08 .65 .65% ,68 Julv.. .57% .57% .56% .56% .57'. Scot.. ,47 s . .47 5 . .47 .47 .47' ■ LARD - Mav. 12.00 12.00 11 87 11. SO 12.00 Julv. 12.10 12 10 12.02 12.05 112 Sent.. 12.45 13 45 2.35 12,40 1J.45 Oct 12.50 12.50 12.47 12.50 12.57 FIBSMav. Nominal 12.37 12.22 RYE Mav.. Nnmina' 1.34 s . 1.35 5 '. July.. 1.30 1.30 1.27% 1.27 5 , l.SO’i Sept.. 1.21% 1.21% 1 9’. 1.19% 1.22 By Times Special CHICAGO. Mav 25.—Carlots: Wheat. 19 corn. 174 oats, 35; rve. 44. Bn 7 imrs Special CHICAGO. May 25.—Primary receints: Wheat. 901.000 against 699.000 corn. 738.000. against 694.000: oats. 367.000. against 320 000. Shipments: Wheat. 501.000 against 1.058,000: corn. 564.000. against 339,000: oats, 361,000. agatnst 594,000. Bjl United Press TOLEDO. Mav 25.—Close Wheat No. 2. $1.8361.84. Corn No. 3 $1.1001.11 Rve—No. 2. $1.42. Oats—No 2, 74%r,/ 76%c. Clover—Cash. $16.50; October. $17.75; December. sl7 £5: cash, imported. $12.60 Timothy—Cash. $2.25. Mav $2.25December. $2.65. Alsike—Cash. sl6. Butter— 480 49c. Eggs—2s327c. Hav cwt. But 11 iteit Press CHICAGO. May 25—Cash grain: Wheat —No. 2 hard, $1.5601.57: No 2 red. $1.76. Corn—No 2 vellow. $1.06', / 1 08. No. 3 $1.050 1.07 No. 4. 51.04%01 05%: No. 5, 51.03%0 1.04'i: No. 6. *1.00%® 1.02%: No. 2 mixed. SI 0601.08%. No. 3. slo4'. No 4. slol' )® 1.03: No. 5. $1.02' •; No. 6. sl® 1.01',: No. 2 white, $1.06' 1.06%: No. 3. 51..04%0105', ; No. 4. $1.040 1.04%; No. 5. $1.01%; No. 6. $1: sg„ 856 98' -e. Oats— No 2 white. 71673 s .c: No 3. 69% 6 72%-c; No. 4. 66 s . 671 ",c. Rve—No. 2. $136 Barley C10ver—519.25026.25.

Cash Grain

—Mav 25 The bids for car lots of grain at the call of the Indianapolis Board of Trade. *; q. b. shipping point, basis 41%c New York rate, were: Wheat—Easy: No. 2 red. $1.8101.83; No. 2 hard. $1.4601 48. Corn—East: No. 3 white. sl® 1,02: No. 4 white. 98c®$l: No. 3 vellow. $lO 1.02: No. 4 yellow. 98c® $1; No 3 mixed, 97%-®* 99%c: No. 4 mixed. 95%®97%c. Oats—Easy: No. 2 white. 67%068%c; No. 3 white. 66%067%c. Hav—Firm; No. 1 timothv. $15.50016; No. 2 timothv. sls " 15.50: No. 1 light clover mixed. sls® 15.50; No. 1 clover hav. $19.50520. —lnspections Corn—No. 2 white. 12 cars: No. 3 white. 3 cars: No. 4 white, 2 cars: No. owhite, 2 cars; sample white, 1 car; No 1 vellow.-, 6 cars: No. 2 vellow. 17 cars; No. 3 vellow. 7 cars; No. 4 yellow. 4 cars; No. I, vellow, 3 cars No. 6 ycilow, 7 cars; sample’vellow, 2 cars; No. 4 mixed. 1 car; sample mixed. I cars. Total. 69 cars. Oats—No. 2 white, 1 car; No. 3 white, 1 car; No. 4 white. 1 car; sample white. 1 car. Total. 4 cars. Rye—No. 1. I car. Total. 1 car.

Indianapolis Stocks

—May 25Bid. Ask. Amer Central Life 600 Belt RRfc S Yds tom 70', 73 Belt R R & S Yds pfd 61 •Central Ind Power Cos pfd ..99', ... Circle Theater Cos com 102' - 105 Cities Service Cos com 67 3 , ... Cities Service Cos pfd.., 103 Citizens Gas Cos com 56' 4 57'b •Citizens Gas Cos pfd 101 ’4 102 ‘4 "Commonwealth Loan Cos pfd.. 98' 4 ... Equitable Securities Cos com.. Hook Drug Cos com Si Indian Hotel Cos com 125 ... Indiana Hotel Cos pfd 101', ... Indiana Service Corp pfd 93'j ... Indianapolis Gas Cos com 62 Indpls <t Northwestern pfd.. 15 Indpls P k L 6s Pfd 107 '4 Indpls P and L 7a 101 102' 4 Indpls Pub Yel Ln Assn 3f 34 Indpls St Ry Cos pfd. 31 34 Indianapolis Water Cos pfd... 103 . . Interstate P S C 6s pfd 97 ion Interstate P s C 6s pfd 97'i 100 Merchants Pu Utilities Cos pfd. 101 . . North Ind Pub Serv Cos pfd..lol 104 Northern Ind Pub S Cos 75.... 112 Progress Laundry Cos com 30'4 ... E. Raugh <fc Sons Fcrt Cos pfd. 50 /.,. Real Silk Hos Cos pfd 92' . ... Standard Oil of Indiana .... 78' 4 ... TH I & E Trac Cos com 2 T II I & E Trac Cos pfd 12 T H Trac &Lt Cos pfd 92'i 97 Union Trac Cos com 'i 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 4s 91' j ... Broad Ripple Trac Cos 5s ... 81 Central Ind Gas Cos 5s 100 Central Ind Power Cos 6s .... 104 Chi S B 1* N Ind Rv 5s .... 17’i ... Citizens Gas C"> 5s 105 107 3 ', Citizens St R R 5s 89 3 ,. 91V. 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 Ac Lt Cos 5s 98 Ind Service Corp 5s 97 Indpls Power and Lt Cos 55... 100'- 101'* Ind Union Trac Cos 5s 3 Indpls Cos! Ac So Trac 6s 102', 105 Indpls Gas Cos 5s 102'i ... Indpls Ac Martins Trac Cos ss. 40 ... Indpls North Trac Cos 5s 14 Indpls Ac Northw Trac Cos 55.. 40 Indpls St Rv 4s 67 67", Indpls Trac Ac Term Cos 5s 96 97 Indpls Union Ry 5s 102 Indpls Water Cos 5’4S 103', j ... Indpls Water Cos Ist 5s 100 Indpls Water Cos 4'.*s 98 100 Indpls Water Sec Cos 5s 97' 4 99 '2 Interstate Pub S Cos 5', 2 s ... 92' 4 ... Interstate Pub S Cos 5s 99 Interstate Pub S Cos 6Vis ....105' 2 ... Nor Ind Pub Serv Cos 5s 101 Vs ... T H I Ac E Trac Cos 5s 74 ... T H Tr & Lt 5s 98 Union Trac of Ind Cos 65.... 14 —Liberty Bonds— Liberty Loan Ist 3' 2 s 100.16 100.36 Liberty Loan Ist 4', 5 101.84 102.04 Liberty Loan 2d 4%s 99.96 100.16 Liberty Loan 4th 4 3 ,s 102 04 102.24 U S Treasury 4%s 114.04 114,34 U S Treasury 4s 109.08 109.28 U S Treasury 3*‘,s 106.20 106.40 U S Treasury 3 3 *s 101.90 102.10 The First Ward Republican Club will meet tonight at 8 at Compton Hall, 2001 Winter Ave. Important business is to be discussed. President Ray Kclsay of the Metal Polishers’ and Buffers Union. No. 171, announced today that the ! twenty-sixth annual jubilee anniversary will be celebrated Saturday night at the Denison Hotel. I

Legionaires are invited to attend the dinner of the Eighty-Fourth division reserve officers at the Elks Club Saturday evening, whicli will be addressed by Gen. Dennis E. Nolan on “The Selective Service i Law,” it was announced today. Res- i ervations may be made by calling reserve headquarters, RI. 5533. Insurance Statements Statement of Condition of the ATLAS CASUALTY COMPANY Chicago. Illinois 29 S. La Salle St. On the 31st. dnv of December, 1927 W. D. HOLTERMAN. President. G. W. HOPKINS. Secretary. Amount of capital paid up ♦5200,000.00 NET ASSETS OF COMPANY Cash in banks ion interest and not on interesti SIOO 335.40 Real estate unincumbered.. 12.730,09 Bonds and stocks owned (market value 1 49,889.93 Mortgage loans on real estate (free from any prior incumbrance) 336,250.00 Accrned securities (interest and rents etc.) 5,942.25 Notes receivable with collateral 2,329,13 Premiums and accounts due and in process of collection . 81.150.60 Notes receivable 11,318.40 Total net assets $599,944.93 LIABILITIES Reserve or amount necessary to reinsure outstanding risks . $195,326.27 Losses due and unpaid 65.436.59 Bills and accounts unpaid . 1,812.61 Other liabilities of the company 28,782.97 Total liabilities $291,283.44 Capital 200,000.00 Surplus 108 676.49 Total $599,944.93 Greatest amount In any one risk ... $ 10,000.00 State oi Indiana. Office of Commissioner of Insurance. X. the undersigned, commissioner of insurance of Indiana, hereby certify that the above is a correct copy of the statment of the condition of the above mentioned company on the 31st day of December. 1927. as shown bv the original statement. and that the said original statement is now on file in this office. In testimonv whereof. I hereunto subscribe my name and uilix my official seal, tins lath day of April. 1926 (SEAL) CLARENCE C. WYSONG, ... . Commissioner. *lf mutual company so sta i. Slate of Conditioi of the * MASSACHUSETTS BONDING AND INSURANCE COMPANY Boston 14-20 Kilby S'. On the 31st day of December, 1927. T J. FALVEY. President. JOHN T. BURNETT. Setreiatv. Amount of capital paid uo ‘s3 000.000 00 NET ASSETS OF COMPANY Cash in banks (on interest and not on interesti. in offices and in transit $ 1,335.540.88 Real estate unincunibcied 3.233.34 Bonds and stocks owned (market value 1 12,644,507.38 Mortgage leans on real estate (free from any prior incumbrance 1 11,000.00 Accrued securities (interest and rents, etc.i 129.773 70 Other assets 185,965.00 Premiums and accounts due and in process of collection 1.506,418.86 Total ... $13,816,439.16 Assets not admitted 233.429.91 Less gross reinsurance . 541.730 07 Premiums due other companies 308.300.16 Total net assets $15,274,709.09 LIABILITIES Reserve or e.mount necessary to reinsure outstanding risksS 3.533.309.32 Losses unadjusted and in suspense 3,343,733.13 Bills and accounts unpaid . 24.441.47 Other liabilities of the company 883.409.85 Total liabilities 7.784.893.77 Capital 3.000.000.00 Surplus and undt'ided profits 4.489,815.32 Total $15,274,709.09 State of Indiana. Office of Commissioner of Insurance. I. the undersigned, commissioner of insurance of Indiana, hereby certify that (lie above is a correct copv of the statement of the condition of the above mentioned company on the 3!st dav of December. 1927, as shown bv the original statement. and that the said original statement is now on file In this office. In testimony whereof. I hereunto subscribe my name and affix my official seal, this isth day cf April. 1928. (SEAL) CLARENCE C. WYSONG. Commissioner. *Tf mutual company so state. Statement of Condition of the EXPORT INSURANCE COMPANY New York 80 Maiden Lane On the 31st dav of Decern er. 1927 DAVID G. BAIRD. President. F A O’KEEFFE, Secretary. Amount of capita) paid up. .*5600,000 00 NET ASSETS OF COMPANY Cash in banks ion interest and not on interesti $ 471.222.48 Bonds and stocks owned (market value 1 2,327,042.10 Mortgage loans on real estate ifiee from any prior incumbrance 1 25,000.00 Accrued securities (interest and rents, etc.i 7,781 97 Premiums and accounts due and in process of collection. 104.487.08 Other assets 114,305.05 Total net assets ....$2,840,864.92 LIABILITIES Reserve or amount necessary to reirsure outstanding risks $ 167.695.97 Losses adjusted and not due.. 249.194.53 Losses unadjusted and in suspense 173,978.46 Bids and accounts unpaid. 16,749.73 Other liabilities of tne comTotal liabilities 637,618.69 Capital 600,000.00 Surplus 1.603,246.23 Total $2,840,864 92 Greatest amount in anv one risk $30,000 00 State of Indiana. Office of Commissioner of Insurance. I. the undersigned, commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of the’ statement of the condition of the above mentioned company on the 31st dav of December. 1927. as shown by the original statement, and that the said original statement is now on file in this office. In testimony whereof. I hereunto subscribe my name and affix my official seal, this 15th day of April. 1928. (SEALI CLARENCE C. WYSONG. „ Commissioner. If mu Dial company so state Statement of condition of the NATIONAL ACCIDENT SOCIETY New York. N. Y. 320 Broadway On the 31st dav of December. 1927 F WARREN WEBB. President. ALFRED A. IVALLACE. Secretary. Amount of capital paid up ...‘None NET ASSETS OF COMPANY Cas hin banks ion interest and not on interesti ..$ 9,667.72 Bonds and stocks owned 1 market value) 96,515.50 Accrued securities (interest and rents, etc.) 1,318.52 Premiums and accounts due and i:i process of collection 20,575.07 Total net assets $128,076.81 LIABILITIES Reserve or amount necessary to reinsure outstanding risks $52,556.15 Losses unadjusted and in suspense 13,356.10 Bills and accounts unpaid 1,204.76 Total liabilities $67,117.01 Total $67,117.01 Greatest amount in any one risk. $10,000.00 State of Indiana, Office of Commissioner of Xnsurance. I. the undersigned, commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of the statement of the condition of the above mentioned company on the 31st day of December. 1927. as shown by the original statement, and that the said original statement is now on file in this office. In testimony whereof. I hereunto subscribe my name and affix mv official seal, this 15th day of April, 1928. (SEAL' CLARENCE C. WYSONG. Commissioner. Statement of Condition of the AMERICAN EXCHANGE UNDERWRITERS New York 123 William St. On the 31st. dav of December. 1927. WEED * KENNEDY. Attornev-in-Fart. Amount of capicni paid up “None . NET ASSETS OF COMPANY Cash in banks ion interest and not on interest) S 203,497.58 Bonds and stocks owned (market value 1 1,831,980.00 Accrued securities (interest and rents, etc.) 24,378.33 Premiums and accounts due and in process of collection. 36,378.34 Total net assets $2,096,234.25 LIABILITIES Reserve or amount necessary to reinsure outstanding risk..s 226,842.35 Losses due and unpaid 6.300.00 Bills and accounts unpaid.... 6.021.90 Other liabilities of company and reserves 246.729.88 Total liabilities $ 485.894.11 Surplus 1,610.340.14 Total $2.096,23L25 Greatest amount in any one risk $ 500,000.00 Greatest amount allowed bv rules of the company to be insured In any city, town or village no such rule Greatest amount allowed to be insured In any one block... .no such rule State of Indiana. Office of Commissioner of Insurance. I. the undersigned, commissioner of insurance of Indiana, hereby certify that the above is a correct copv of the statement of the condition of the above mentioned company on the 31st dav of December. 1927. as shown by the original statement, and that the said original statement is now on file in this office. In testimony whereof. I hereunto subscribe my name and affix my official seal this 15th day of April. 1927. (SEAL) CLARENCE C. WYSONG. „ , , „ Commissioner. ’lf Mutual Company so state.

Insurance Statements Statement of Condition of the INTER-SOUTHERN LIFE INS. CO. Louisville. Ky. Inter-Southern Life Bldg. On the 31st day of December. 1927. C. G. ARNETT, President. C. B. NOODEMANN. Secretary. Amount of capital/paid up ..’5750,006.00 NET AS3ETS OF COMPANY Cash in banks ion interest and not on interesti $ 610,701.64 Real estate unincumbered.... 3.860,893.24 Bonds and stocks owned (market value 1 2,330,954.21 Mortgage loans on real estate (free from any prior incumbrance) 4.130,381.32 Accrued securities (interest and rents, etc.l 135,388.05 Other securities collateral loans 114,424.65 Premium notes 101.766.24 Policy loans 2,814.417.4s Accident department . . . 17.233 88 Premiums and accounts due and in process of collection 76,163.53 Accounts otherwise secured accounts and notes secured unearned fire insurance premiums postage 340.191.19 Total net assets $14,616,515.43 LIABILITIES. Reserve or amount necessary to reinsure outstanding risks $12,719,233.85 Losses adjusted and not due 366,994.96 Losses unadjusted and in suspense 65,361.20 Bills and accounts unpaid... 183,734.41 Other liabilities of the company 197,049.87 Total liabilities 13,532.401.29 Capital 750,000.00 Surplus 334,111.14 Total $14,616,515.43 State of Indiana. Office of commissioner of insurance, I. the undersigned, commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of the statement of the condition of tlic above mentioned company on the 31st day of December, 1928, as shown by Ihe original statement, and that the said original statement is now on file In this office. In testimony whereof. I hereunto subscribe my name and affix my official seal, this 15th day of April, 1928. (Seal) CLARENCE C. WYSONG. , Commissioner. “If mutual company so state. Statement of Condition of THE FIDELITY MUTUAL FIFE INSURANCE COMPANY Philadelphia, Pa. The Parkway at Fairmount Ave. On the 31st dav of December. 1927. WALTER LEMAR TALBOT, President. R. F TULL. Secretary. Amount of capital paid up ‘Mutual Cos. ASSETS First mortgage on real 'state $34,119,306.51 Government. State, municipal, railroad and corporation bonds iamortized valuei ... 22,775,139.49 Real estate owned 2,571.165 46 Loans on policies 12,334.390 78 Loans on collateral 36,500.00 Bank and other stocks (market value. Dec. 31. 19271 452,055,79 Cash in banks aand in of- „ Ace 614,202.83 Premiums In course of collcctton. etc 2,471,732.34 Interest and rents due and accrued 1,158.135.02 Total $76,583,319.17 LIABILITIES Reserve to mature policy con- _ tracts $05,621,320.12 Reserve for policy claims • awaiting proof 336,546 08 Dividends payable to policyholders during 1928 3.153.949 60 Reserve for deferred dividend 781,031.32 Dividends due policyholders and left on deposit at interest 1,757,630.58 Premiums and interest pre- _ P, aid ,••••••■ 216,810.23 Federal and State Taxes accrued but not due 301,555 40 Miscellaneous liabilities . 103,791.33 Reserve for contingencies (surplus) 4,257,664.31 Total $76,583,319.17 Life companies Maximum risk written $125,000 Amount retained by company 62.500 .state of Indiana. Office of Commissioner of Insurance. I. the undersigned. Commissioner of Insurance of Indiana, hereby certify that the above is a correct copv of the state* pent of the condition of tha above mentioned company on the 31st day of December. 1927. as shown bv the original statement, and that the said original statement is now on file in this office. In testimony whereof. I hereunto sub?£T ibe ,='?L v name and affix mv official sea!, this 15th day of April. 1923. (SEAL) CLARENCE C WYSONG. . ■ Commissioner, ir Mutual company so state. o f Condition of the BENEFIT ASSOCIATION OF RAILWAY EMPLOYES Chicago. 11l 901 Montrose Ave _ On the 31st dav of December, 1927. ROBERT A LEITZ. President. G. M. CULVER. Secretary. Amount of Cznite.l paid up . NET ASSETS OF COMPANY Cash 111 banks ion interest and not on intenesti $ 41.271.67 Real estate unincumbered . 257 654 63 Bonds and stocks owned imarket valuei 1.218.480.00 Accrued securities (interest and rente, etc.) 19.016.51 Premiums and accounts due and in process of collection 23.360.87 Total net assets ... . . .$1,361,783.71 LIABILITIES Losses unadjusted and in suspense . . 242.464 84 Bills and accounts unnaid 1,939.42 Other liabilities of the company 212.710.67 Total liabilities $ 4,87.114.93 Surplus $1,104,668.78 Total .$*56L783/?X G'eatest amount In anv one • isk $ 7.500.00 State of Indiana, Office of Commissioner of Insurance. I. the undersigned, commissioner of Insurance of Indiana, hereby certify that the above is a correct copv of the statement of the condition of the above mentioned company on the 31st dnv of December. 1927. as shown by the original statement, and that the said original statement is now on file in this office. In testimony whereof. I hereunto subscribe my name and affix my official seal, this 15th day of April. 1928. (SEALI CLARENCE C WYSONG. „ Commissioner. •If mutual company so state. Statement of Condition of the FEDERAL INSURANCE COMPANY Jersey Cttv 1 Montgomery St. On the 31st day of December. 1927. PERCY CBUUBB. President. THOS. J. GODDARD. Secretary Amount of capital paid up .*51,500,000.00 NET ASSETS OF’ COMPANY Cash in banks ion interest and not on interest) . $ 1,034,781.34 Bonds and stocks owned (market, value) 9,860.138.50 Mortgage loans on real estate (free from anv prior incumbrance 1 21,000 00 Accrued securities 1 interest and rents, etc.) 86,628.95 Loans secured by collateral. 190,000.00 Premiums and accounts due and in process of collection 398,502.60 Losses due from reinsuring Cos 11.301.39 Total net assets $11,812,352.78 LIABILITIES Reserve or amount necessary to reinsure oustanding risks? 2,608,043.33 Losses due and unpaid 1,681.226.00 Bills and accounts unnaid 8.000.00 Other liabilities of the company 1.246.348.96 Total liabilities '$ 5.543.617.29 ! Capital $ 1.500.000.00 Surplus 4.768.735.49 Total 511.812.352.73 Greatest amount in anv one risk $ 150.000.00 State of Indiana. Office of Commissioner of Insurance. I. undersigned. Commissioner ot Insurance of Indiana, hereby certify that the above is a correct copv of the statement of the condition of the above mentioned company on the 31st day of December. 1927. as shown bv the original statement, and that the said original statement Is now on file in this office. In testimony whereof. I hereunto subscribe mv name and affix mv official seal, this 15th dav of April. 1928. (SEAL) CLARFNCE C. WYSONG. . Commissioner. •If_{nutunl company so state. Statement of Condition of the ATLANTIC MUTUAL FIRE INSURANCE COMPANY Philadelphia. Pa Franklin Trust Bldg.. Phila., Pa On the 31st dav of December. 1927, R A. DOWNES. President. D. R. FTELIS, Secretary. Amount of caoital paid up... ’Mutual 1 NET ASSETS OF COMPANY Cash in banks ion interest and not, on interesti $ 6,142.91 Bends and stocks owned (market value) 83,955.00 Accrued securities (interest and rents, etc.) 1.558.35 Premiums and accounts due and in process of collection 21.292.03 Total net assets .. $112,948.29 LIABILITIES Reserve or amount necessary to reinsure outstanding risks.. $ 43.829.03 Losses unadjusted and in suspense 600.00 Bills and accounts unpaid 500.00 Other liabilities of the company 13.000.00 Total liabilities $ 59.929.03 Surplus 53,019.26 Total $112,948.29 Greatest amount in any one risk $ 2,500.00 State of Indiana. Office of Commissioner of Insurance. I. the undersigned, commissioner of Insurance of Indiana, hereby certify that the above is a correct copv of the statement of the condition of the abote mentioned company on the 31st dav of De- | ceniber. 1927. ns shown bv the original statement, and that the said original statement is nqv.’ on file In this office. In testimony whereof. I hereunto subscribe mv name and affix my official seal, this 15th day of April. 1928. (SEAL) CLARENCE C. WYSONG. , Commissioner. *U Mutual Company $0 state.

PAGE 15

Insurance Statemento Statement of Condition of th> EMPLOYERS INDEMNITY CORPORATION Kansas City, Missouri, insurance Bldg. On the 31st dav of December. 1917. E C. TRIMBLE. President. S. W. IZARD. Secretary. Amount of capital paid up ... .*5700,000.09 NET ASSET3 OF COMPANY Cash in banks (on interest and not on Interesti $ 516.202.72 Real estate unincumbered 481.835.41 Bonds and stocks owned (market valuei . . 1,188,589.34 Mortgage loans on real estate (free from any prior incumbrance 1 935,379.73 Accrned securities (interest and rents, etc.) 39,172.55 Other securities . . 24.000.00 Due from authorized reinsurers on paid losses . . 155,000.00 Premiums and accounts due and in process of collection 433,492.60 ■ Total net assets . $3,773,672.40 LIABILITIES. Reserve ot amount necessary to reinsure outsendlng risks $ 941,328 49 Losses unadjusted and in suspense 1,445.735.14 Bills and accounts unpaid .... 5,000.00 Other liabilities of the company 170.832.60 Total liabilities $2,563.096723 Capital 700,000.00 Surplus 510,576.17 Total $3,773,672.40 Grenteast amount in any one risk $75,000.00 Great amount allowed by.rules of the company to be insured in any one city, town or village No limit Greatest amount allowed to be insured in any one b10ck.... No limit State of Indiana. Office of Commissioner of Insurance. I. the undersigned Commissioner of Insurance of Indiana, hereby certify that the above is a correct copy of the statement of condition of the above mentioned ?2?i banv P n tbe 31st Aoy of December, 192 J' .5 s sb °wn by the original statement and that the said original statement is now on file In this office. In testimony whereof, I hereunto sub- ’^ lb 2-l n u y . namP and affix my official seal, this loth day of April 1928. (SEAL) CLARENCE C. WYSONG. ... .. , , Commissioner , If Mutual company so state. Siat emeu! of Condition of (ho AMERICAN GUARRANTY CO. Columbus, Ohio. ,, 230 S. High St. On the 31st day of December, 1927. ; j. B. COAMB3. President. W. 8. LYNCH. Secretary. Amount of capital paid up *5215,000.00 ; NET ASSETS OF COMPANY Cash in banks ion interest and . not on interest) $ 30,608.13 | Rea! estate unincumbered 300.00 | Bonds and stocks owned imarket ! valuei 435,572.51 1 Mortgage loans on real estate j (free from any prior incumI , hrancei 1,850.00 Accrued securities (Interest and rents, etc.i 5.350.01 | Collateral loans 29 050 00 I Salvage ......... 13,439.00 Premiums and accounts due and In process of collection 41,018.53 Total net assets $557,188.18 LIABILITIES. Reserve or amount necessary to reinsure outstand risks $153,204.86 Losses unadjusted and in suspense 67,103.00 Bills and accounts unpaid 500 00 Other liabilities of the company 21,304.63 Total liabilities $242,111.49 I Capital 215,000.00 | Surplus 100.076.6i) ' Total $557,188 J 8 1 Greatest amount in any one „ nsk $192,000.00 State of Indiana. : Office ot Commissioner of Insurance, I. the undersigned, commissioner of In- ; surance of Indiana, hereby certify that the above is a correct copv of the stateI ment of the condition of the above men--1 ticr.ed comoanv on the . 31st dav of Dej eember. 1927. as shown by the original ] statement, and that the said original 1 statement Is now on file In this office. In testimony whereof, I hereunto subj scribe my name and affix mv official seal, i this 15th dav of April, 1928. ! (SEAL) CLARENCE C. WYSONG. ; w , Commissioner. ”If Mutual Company so state. Statement of Condition of the BOSTON INSURANCE COMPANY Boston. Massachusetts 87 Kilby Street On the 3tst dav of December. 1937 WILLIAM R. HEDGE. President. FREEMAN NICKERSON, secretary. 1 Amount of capital paid up .. ,*52,000,000.00 NET ASSETS OF COMPANY Cash in banks (on interest aand not on interest' $ 605.208.60 Real estate unincumbered 448.800.00 Ronds and stocks owned (market valuei 17,854,379.40 ] Mortgage loans on real estate (free from anv prior in- * cumbrancet 92,500.00 ] Accrued securities (interest aand rents, etc.) 80,206.33 Premium notes 60 045.81 Reinsurance received on account losses 12,380.83 j Premiums and accounts due j and in process of collection 1.277.015.01 Total net assets $20,430,536.0! LIABILITIES j Reserve or amount necessary to reinsure outstanding risks 6.380.577.98 Losses adjusted aand not due 161.588.25 Losses unadjusted and in sus- ' P p nse 1.835.455.83 Bills and accounts unpaid.. 362,354.95 Other liabilities of the comPanv 380,763.19 Total liabilities $ o.un^HoTss L aDi t al 2.000 000.00 Surplus 9.319.795.75 _ Total $30,430!t7e7bi amount in anv one ;••• • S 225.000.00 Greatest amount allowed bv rules of the company to be Insured In anv one citv. town or village Conditional Greatest amount allowed to be Insured In a™ p, ; ( ’ b '? c k Conditional State of Indiana, Office of Commissioner of Insurance. I. the undersigned, commissioner of Insurance of Indiana, herehv certify that the above is a correst copv of the statement of 1 the condil'on of the above mentioned cornua nv on the 31st dav of December. 1927. as shown bv the original statement, and that, the sa l{ j o--'ginal statement is now on file in this office. In testimony whereof.' I hereunto übsenbe my name and affix my official seal, this 15th day of Anrtl. 1928. (SEAL) CLARENCE C. WYSONG. ... , . Commlsisoner. | *lf mutual company so state. Statement of Condition of THE’ IMPORTERS AND EXPORTERS INSURANCE CO OF NEW YORK 47 Blare St New York Citv. N. Y. On the 31 st day of December, 1927 A. VAI.FN.SE. President. R. J. RICE, JR , Secretary. Amount of capita! p a id un. . .*51,000,000.00 NET ASSETS OF COMPANY Cash in banks ton interest and not on interfstl $ 287.M8,'46 Real estate unincumbered ... 244.728.82 Bonds and stock ownd (market value) 3,679.202.55 Aeerued securities (interest and rents, etc.' 26.738 22 Reinsurance due on paid losses 6.550.33 Premiums and accounts due and in process of collection. 710.94^03 Total net assets $4.955.51(f47 LIABILITIES Reserve or amount, necessarv to reinsure outstanding ri5k5.52,620,859 35 Lorres due and unpaid, losses adjusted and not due, losses unadlusted and in Mfapense. 456,203 00 Other liabilities of the company 40.964.95 | Total liabilities $3,127,027.39 Capital 1,000.090.90 Surplus 828.483.17 Total * $4,955^1(147 Greatest amount in any one risk $25,000 net State of Indiana, Offlc" 0 j commissioner of Insurance, I. the undersigned. Commissioner of Insurance of Indiana, hereby certify that the above is a correct conv of the statement of the cbnditinn of the above mentioned company on the 31st dav of December. 1927. as gliown bv tne original statement and that the said orlglnd statement Is now on ft'e in this office. In testimony whereof. I hereunto subscribe my name nd affix mv official seal this 15th dav of April. 1928. (SEAL 1 CLARENCE C. WYSONG. Commissioner. *lf Mutual company so state. Statement of Condition of the BROTHERHOOD ACCIDENT COMPANY Boston. Mass. 291 Washington St. On the 31st dav of Deecmber. 1927 CHARLES S. FAROUHAR. President,. CHARLFS M FSTABROOK. Secretary. Amount es esn’ta' paid up *5100,000.90 NET ASSETS OF COMPANY Cash in hanks (on interest and not on interest) .. $171,550.67 Bonds and stocks, owned (market value) 342 872.50 Mortgage loans on real estate (free from anv prior Incumbrance) 3.300.00 Accrued securities (interest and rents, etc.' 4,851.18 Mavket value bonds over book value 8.321.50 Total net assets $530,496.03 LIABILITIES losses d;>e and unpaid $ 60.510.00 Bills and accounts unpaid .... 19,500.00 Other liabilities of the company 103,832.75 Total liabilities $183,842.75 Oanltal 190.000.00 Surplus 246.653.28 Total 8530.843.75 State of Indiana, Office of commissioner of insurance. I. the undersigned, commissioner of Insurance of Indiana, hereby certify that the above is a correct copv of the statement of the condition of *he above mentioned eomoanv on the 31st dav of December. 1927. as shown bv the original statement. and twit the said eriginc! statement. Is now on file in this office. In testmonv whereof I hereunto subscribe ’"V name and affix my official seal, this 15th day of Anri!. *.928. (SEAL) CLARENCE C WYSONG, . , . Commissioner. .’lf mutual company so start.