Indianapolis Times, Volume 40, Number 22, Indianapolis, Marion County, 6 June 1928 — Page 16

PAGE 16

STOCKS NARROW DOWN, OPENING ON MARTTO3AY List Irregular; Allied Chemical Features Upside; G. M. C. Drops.

Average Stock Prices

Average of twenty Industrials Tuesday was 217.80. up 1.18. Average of twenty rails was 142.40, off .38. Average of forty bonds was 97.69, off .29. By United Press NEW YORK, June 6.—Stocks moved irregularly in a narrow range in early dealings today. Allied Chemical featured with a rise of 3 points to anew high at 178. United States Steel advanced nearly a point on reports of increased operations, but General Motors and several other issues gave ground. American Linseed and Gold Dust were prominent in the specialties, Linseed rising 2 V points to 110%, while Gold Dust rose % to 98% on heavy turnover. Oils showed an improved tone, particularly Richfield which moved up a point to 51. Texas Corporation also was in demand. Hupp moved up fractionally, while Wright Aero rose 1% and Radion a point. Coppers were steady, while sugars met better demand. Electric Lower General Electric, American Telephone and Telegraph and a few others gave ground. Describing the market, the Wall Street Journal’s financial review today said: “Freight traffic figures for the week ended May 26 increased 17,419 cars over the preceding week, demonstrating that general business was continuing on the upgrade, and strengthening the belief of railroad executives that loading would soon be running ahead of last year. “This outlook in conjunction with the substantial gains in sales of the leading chain store systems was taken to indicate that trade conditions were fundamentally sound, •and representative stocks were in good demand in the early dealings.” Stocks were heavily sold around noon on widespread reports that Federal reserve authorities were contemplating further steps to restrict speculation. These rumors had it that this action would take the form of an advance in the rediscount rate at Chicago to 5 per cent. Bears Resume Pressure Bearish professionals took advantage of this uneasiness to resume pressure on the principal industrials. However, heaviness was largely confined to issues against which short selling was directed and the main body of stocks was fairly steady. International paper has been under accumulation by houses with Boston connections on the understanding the new International Paper and Power Company, proposed holding company for International Paper and subsidiaries would soon be formally chartered. It is understood holders of International Paper common will receive three shades of stock in the new company for each share of International Paper held.

Banks and Exchange .

INDIANAPOLIS STATEMENT Local bank clearings today were $3,717,000. Debits were $6,429,000. NEW YORK STATEMENT Bp United Press NEW YORK. June 6.—Bank clearings today were $1,481,000,000. Clearing house balance was $132,000,000. Federal Reserve Bank credit balance was $120,000,000. CHICAGO STATEMENT Bp United, Press CHICAGO. June 6.—Bank' clearings today were $130,700,000. Clearing house balance was $8,700,000. FOREIGN EXCHANGE Bp Uuited Press NEW YORK. June 6.—Foreign exchange opened irregular. Demand sterling. $4.87 13-16. up .00 l-32c; francs, 3.93 c. off 00%c; lira, 5.26‘ic; belga, 13.94 tic; marks, 23.88 c, up .01c.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, June 6.—The leaders in finance, the men who control the destinies of the world from a financial standpoint, have given us many warnings, but every time the jnarket has attempted to correct itself along comes some man who has gained great popularity as a speculator and says everything is all right, don’t bother about the reserve board; there is plenty of money and stocks are going higher. Such a sentiment is immediately backed by a large following, and the result is that after a day’s liquidation the effect is neutralized the next day by a revival of spoculative buying. This situation has continued for quite a while. It is unhealthy. Sooner or later it will be thoroughly corrected, and we believe that the proper course Is to take advantage of such strength as these folks create and market some of your stocks.

Local Wagon Wheat

Local grain elevators are paving $1.56 for No. 2 red wheat. Other grades are purchased on their merits. COTTON OPENING ft,)/ hnitnl Press NEW YORK, June 6. Cotton futures opened lower. October, 20.78. off .01: December, 20.62. off .08: January. 20.54. off .05: March -20.52, off .03; May, 20.50, off ,04; July, 20.57, o .09. VOICE WORTH SIO,OOO Amos R, Woods, With Valuable Vocal Organs, Convention Announcer. Amos R. Woods, 1715 N. New Jersey St., the man with the SIO,OOO voice, took his position as announcer at the Democratic convention today, a Job he has held at every similar event since 1900. He was given the SIO,OOO title when Meredith Nicholson, author, told him he would give that much for a voice. In pre-convention days, Woods is M lumber salesman. He says he got early training for his announcing job down on the farm.

New York Stocks

—June 6—— Prev. Railroads— High. Low. 12:00. close. Atchison 190% ... 190% 190% Atl Coast Line. .180% ... 180% 180% Balt & 0hi0r...113 112% 113 112 Vi Canadian Pac ..212% 212% 212% 2U 7 /, Chesa Sc Ohio.. 193% ... 193% 193% Chi & Alotn 10% Chi & N West 85 Chi Grt West.. 12% ... 12% 13 C R I <fc P 116% Del & Hud50n..203% ... 203% 203% Del Sc Lacka 141% Erie 55 7 /, 55% 55 7 /a 55’/, Erie Ist pfd 54% Grt Nor pfd... 102 ... 102 101% 111 Central 145% ... 145% 145% Lehigh Valley ..109 108% 109 108'% Kan City South .. ... ... 53 Lou & Nash 150% MK Sc T 34% ... 34% 34% Mo Pac pfd ....119V, 118% 119 118 N Y Central ..181 s /, 180% 181% 180 N Y C Sc St L 134 NY NH & H ... 60% Nor Pacific 100%- ... 99% 99% Norfolk Sc West.lßs% ... 185% 185% Pere Marquette 136 Vi Pennsylvania .. 65% ... 65% 65% P Sc W Va 152 Reading 109% ... 109 108% Southern Ry 157% Southern Pac ..125% ... 125% 125 St Paul 35'A ... 35 34% St Paul pfd.... 45% 45'% 45% 45 St L & S W 88’/, ?t L & S F 116 exas & Pac 143 142% li3 142% Union Pacific ..197% 196% 197 198 V. West Maryland. 50 ... 48% 48 Wabash 87% 87% 87% 87% Wabash pfd 100 Rubbers— Ajax 9% ... 9% 9 Fisk 14% ... 14% 14% Goodrich 84Vi ... 84% 83% Goodyear 52Va ... 52Vi 52% Kelly-Spgfld ... .. 21'A Lee 21% 21% 21% 20% United Sttaes .... 42 Equipments— Am Car & Fdy 103 ... 103 102% Am Locomotive 105% Am Steel Fd.... 60% 60% 60% 60% Baldwin Loco 245 General Elec ..159% 156% 159 157% Gen Ry Signal.. 96% ... 95% 96% Lima Loco .... .. ... ... 57% N Y Airbrake.. .. ... ... 44% Pressed Stl Car 21% Pullman 87% ... 87% 87% Westingh Air B. 49 ... 49 49 Westingh Elec ..103% 103% 103% 103% Steels— Bethlehem 62 61% 62 61% Colorado Fuel .. 74 ... 74 73% Crucible 85 ... 85 85 Gulf States Stl 64 Inland Steel ... 57% ... 57 58 Phil Rc Sc 1... 32% 32% 32% 32 Rep Iron & Stl. 59% ... 59% 58% Otis Steel 24 23% 24 23% U S Steel 146% 144% 144% 144 Alloy 37 ... 37 36% Youngstwn Stl 88 Vanadium Corp 85% 84 85 83% Motors— Am Bosch Mag. 40 39'/a 39% 39 Chandler 19% ... 19% 18% Chrysler Corp.. 83% 82% 82% 82% Conti Motors... 13 ... 13' 13 Dodge Bros 16% ... 16% 16% Gabriel Snbbrs.. 18% ... 18% 19 General Motors .194% 190% 191% 193 Vi Hudson 89 Vi 88% 89 89 Hupp 64% 63Va 64 63% Jordan 12% ... 12% 12% Mack Trucks.,. 96% 95Vi 96 95% Martin. Parry ... 23% ... 22’/, 22V, Moon 10% 10% 10% 10Vi Paige 36 ...‘ 35% 35% Nash 92% ... 91 % 92 Packard 80% 78% 79 5 /* 77% Peerless 23% ... 23% 23% Pierce Arrow ... 16% 16% 16% 16% Studebaker Cor. 76% 75% 75% 76 Stew Warner .. 92 91% 92 92 Stromberg Cart. 71 ... 71 69V, Timken Bear ..127% 126% 127 126% Willy s-Overland 26 % 25% 26 25% Yellow Coach ..38% ... 38 ,37V, White Motor .. 40% ... 40% 40), Mining— Am Smlt & Rfg.201% 199 200 198 Anaconda Cop ..73% 73% 73% 73 Calumet & Ariz.lo4% ... 104% 183% Cerro de Pasco. 75 74% 75 74% Chile Copper .. 43% ... 43% 44% Greene Can Cop 122% 122% 122% 121 Va Inspiration Cop 24% Int Nickel 98% 97V, 98 99 Kennecott Cop.. 92% 92% 92% 92% Magma Cop ... 55% 55 55 54 1 /, Miami Copper .. 21% 21% 21V, 21% Texas Gulf Sul. 70% ... 70 69 7 / U S Smelt 51 50% 51 50% Oils— Atlantic Rfg 127 V, 127% 127% 127% Freeport-Texas. 70% 68 70 67 % Houston Oil 146 In dp Oil & Gas 27% ... 26% 26 Vi Marland Oil 38 ... 37Vi 38 Mld-Cont Petrol 29% ... 29% 29% Lago Oil & Tr.. 33Vi ... 33% 34% Pan-Am Pet IB) 48% ... 48% 48% Phillips Petrol.. 39% ... 39% 39% Pro & Rfgrs... 23% 23 23% 23% Union of Cal... 51% 51 51% 51% Pure Oil 23% 23 23% 23% Royal Dutch 51% Shell 27% ... 27% 26% Simms Petrol .. 22% ... 22% 22% Sinclair Oil ... 25V, ... 25% 25 Skelly Oil 30% Sid Oil Cal 58% ... 58% 58% Std Oil N J .... 44% 44% 44% 44% Std Oil N Y 36 ... 35% 36% Texas Ccrp 63% 62% 63 63 Transcontl 8% ... 8% 8% White Eagle 23% Industrials— Adv Rumely 46 Allis Chalmers .123% ... 123% 122 Allied Chemical 179 Vi 176 178 175 Armour A 21 20% 21 20% Amer Can 91% 91% 91% 91% Am Hide Lea 12% ... 12% 12% Am H L pfd 50% Am Linseed 112 108% 111% 108 Am Safety Rs.z 66% Amer Ice 39% Am Woolen 21% Curtis 129% 126% 129 126 Coca Cola 168 ... 168 167 Conti Can 106% 106 106% 105% Certainteed 49% Congoleum 27% ... 27% 27% Davison Chem 49% Dupont . . 399 Famous Players 129 7 /, ... 129 128V4 Gen Asphalt ... 85% ... 85% 84% Int Bus Mch 123 Va Int Cm Engr... 7iy 70 71% 71% Int Paper 77 ... 77 77V, Int Harvester ..284 ... 284 282 Lambert 110% ... 110 110% Loews 74% 73% 74% 72% Kelvinator .... 19% 19 19% 19 Montgom Ward .. ~. ... 152 Natl C R 63'/, 63 63 63 Pittsburgh Coal .. ... ... 45% Owens Bottle .... 84 Radio Corp ....202% ... 198 201 Real Silk 28% 28 Vi 28% 28% Rem Rand 32% 32 Va 32V, 32% Sears-Roebuck ..107% 107 107 107% Union Carbide ..152'% 150% 152% 149% U S Leather ... 45V, ... 45% 47% Univ Pipe 25% ... 24% 24% U S Cs Ir Pipe 26V, U S Indus Alco.lU 7 /, 111% 111% 111 Wright 188 Vi 185 187 175% Utilities— Am Tel & Te1..186% ... 186% 186% Am Express 206 205 206 203 % Am Wat Wks 61% Brklvn-Manh T 67V, ... 67'/, 67% Col G & E 113% 113 113% 113 consol Gas ....157 5 /, 157% 157% 157% Eler. Pow Sc Lt.. 39% 39% 39% 3974, Nor Am Cos 74% 73 7 /, 74 73 7 / Nat Power 35 34% 35 33% Peoples Gas 176 So Calif E 50 ... 50 50 Std Gas &El ... 69% 69 69% 68% Utilities Power.. 4t% 41% 41% 41% West Union Tel .153 152'% 153 152% Shipping— Am Inti C0rp..116 113% 114 114 Atl Gulf % W I 57 ... 56% 58% Inti Mer M pfd 39% ... 39% 39% United Fruit ...137% ... 136 V, 136 Foods— Am Sug Rfg ... 74Vs 74% 74% 74 Aid Beet Sugar 19 Austin Nichols 7% Beechnut Pkg.. 79 7874 79 77% California Pkg.. 74% ... 74% 74 Corn Products.. 76Vi 76 76 75Y, Cuba Cane Su 28

Commission Row

PRICE TO RETAILERS FRUITS Apples—Fanev barrel apples, seasonable varieties, fancy basket apples, seasonable varieties, $2.75473, 40 lbs.; choice box apples, seasonable varieties, $3,504(4.75. Apricots—ss.2s crate. Cantaloupes—California. [email protected] crate. Cherries—California, $2,254(3, 8 lbs. Grapefruit—Florida, S4rhß crate. Lemons—California, $747:9 crate. Limes—Jamaica, $3. 100 Oranges—Florida. s7@lo crate; California valencias, $6.75479.25 crate. Pineapples—Cuban, $3.25@4. Strawberries—Tennessee Aromas. $4. 24-qt. crate; Tennessee Klandikes, $3, 24qt. crake; New Albany. $3.50, 24-qt. crate. VEGETABLES Asparagus—Green, 90c do*, bunches, white. 65c. Beans—Southern. $3 hamper; Valentines, $2 hamper. Beets—Fancy southern. $1.50 hamper. Sabbage—Mississippi, $2.75; Alabama, $3 Carrots—Louisiana, 65c bu.; Texas. $3.50. 10 dozen crate. Celery—Florida. $5®5.50 crate. Sucumbers —Indiana hothouse, $1.50 box of 1 doz. Eggplant—H. G., $2 do*. Kale—Spring, 65c bu. ' Leek—76c bunch. Lettuce—California, $4 crate; hothouse, leaf. 75c 15 lbs. Mustard—Fancy, H. G., 65c bu. Onions Home-grown, green, 354740 c doz.; new Texas yellow, $1.75 crate; Texas crystal wax, $1.90 crate; Texas Bermudas, $1.90 crate. Parsley—sl doz. bunches. Parsnips—Home-grown. $1.25 bu. Peas—California Telephone. $4 hamper. Peppers—Florida mangoes, $6.50 crate; mangoes, $3.75 hamper. Potatoes—Michigan, white, $2.60, 150 lbs.; Minesota Red Rivor Ohios, $2, 120 lbs., Idaho. $2.25; 120 lbs., Texas, new $4.25 cwt.: Florida Rose. $4.75 toll.: Texas Triumphs, $6.50 bll.; Alabama Triumphs. $2 25 cwt. Radishes—Hothouse, button. 45c do*, bunches; southern long red, 30c doz. Rhubarbr-Home-grown. 30c doz. Spinach, Fancy Kentucky. 60c bu. Sweet Potatoes —Porto Ricans. $2.50 —Repacked. $5.25476.25; 6basket crate: fancy Florida originals. $4 @5. Hot-house, $2.75. 10 lbs. “Turnips—sl.so47)l.7s per hamper. MISCELLANEOUS Cider—s4.so 6-gal. case; $4.75 do*, halfgal. Jars. Garlic—California, 25c lb.

(By Thomson St McKinnon)

Cuban Am Sug. 22% ... 22% 22% Flelschmann Cos. 72 71% 72 71% Jewel Tea 109 Jones Bros Tea 32 Natl Biscuit ....171% ... 171% 172% Nat Dairy 83 Postum Cos 129V1 128% 128'% 128 Ward Baking B 23% Tobaccos— Am Sumatra .. .. ... .....54.. Am Tobacco ... . ... 159% Am Tob B 15974 ... 159% 160% Con Cigars .... 95 ... 95 95 General Cigar... 66V* ... 66% 66% Lig Sc Meyers... 95% ... 95% 95 Lorlllard 29% 28% 29 28% R J Revonlds ...133% ... 133% 1J3% United Cigar St. 30 29% 30 2j% Schulte Ret Strs 6274 6174 62% 61%

Indianapolis Stocks

—June 6 Bid. Ask. Amer Central Life 600 Belt RK & S Yds com 70V* 73 Belt R R & S Yds pfd 61 Central Ind Power Cos pfd... 99% 102 Circle Theater Cos com 102% 105 Cities Service Cos com 70% ... Cities Service Cos pfd 101 % ... Citizens Gas Cos com 57% ..._ Citizens Gas Cos pfd 101% 99% Commonwealth Loan Cos pfd.. 99% ... Equitable Securities Cos com Hook Drug Cos com 31% ... Indian Hotel Cos com 125 ... Indiana Hotel Cos pfd 101% ... Indiana Service Corp pfd ... 90 Indianapolis Gas Cos com .... 62 63% Indpls Sc Northwestern pfd.. 15 Indpls P Sc L 6%s pfd 106% 108% Indpls P & L 7s 101 Indpls Pub Yel Ln Assn 47% ... Indpls St Ry Cos pfd 31 33% Indianapolis Water Cos pfd... 103 Interstate P S C prior lien.. 106 108 Interstate P S C 6s pfd 97% 100 Merchants Pu Utilities Cos pfd.lol North Ind Pub Serv Cos pfd..lol 104 Northern Ind Pub S Cos 75....11l ... Progress Laundry Cos com 30% ... E. Raugh Sc Sons Fert Cos pfd. 50 ... Real Silk Hos Cos pfd Standard Oil of Indiana .... 76% ... Th I & E Trac Cos com 1 ... T H I & E Trac Cos pfd 12% ... T H Trac &Lt Cos pfd 92% 96% Union Title Cos com 78% Union Trac Cos Ist pfd 1 Union Trac Cos 2nd pfd % Union Title Cos com % Van Camp Pack Cos pfd ... 6 Van Camop Prod Ist pfd ... 98 102 Van Camp Prod 8d pfd 90 100 •Ex-dividend. —Bonds— Belt R R & Stk Yds 4s 90 Broad Ripple Trac Cos 5s .... 80 82% Central Ind Gas Cos 5s 99% ... Central Ind Power Cos 6s ....104 Chi S B N Ind Ry 5s Citizens Gas C os 105 107% Citizens St R R 5s 8974 91 Gary St Rv 5s 90 93 Home T & T of Ft. Wayne 6s. .103 Indiana Hotel Cos 5s 101 Ind Northern Trac Cos 5s 6 Ind Ry Lt Cos 5s 98 ... Ind Service Corp 5s 97 Indpls Power and Lt Cos 5s ... 99% 100% Ind Union Trac Cos 5s Indpls Col Sc So Trac 6s 102% 105 Indpls Gas Cos 5s 10274 105 V, Indpls Sc Martins Trac Cos 55.. 35 ... Indpls North Trac Cos 5s 35 ... Indpls Sc Northw Trac Cos 55.. 35 ... ' Indpls St Ry 4s 66 6674 Indpls Trac Sc Term Cos 5s .... 96 97 Indpls Union Ry 5s 101 Indpls Water Cos 574s 103 ... Indpls Water Cos Ist 5s 99 ... Indpls Water Cos 4%s 97 9974 Indpls Water Sec Cos 5s 97 ... Interstate Pub S Cos 5s 98 ... Interstate Pub S Cos 5s 99 ... Interstate Pub S Cos 474s 90 ... Interstate Pub S Cos 5s 97 ... T H Tr Sc Lt 5s 97 Union Trac of Ind Cos 6s .... 1374 ... N. Ind Pub Ser 5s 101 —Liberty Bonds— Liberty Loan Ist 374s 100.14 100.34 Liberty Loan Ist 474s ..... 100.90 101.10 Liberty-Loan 3d 4%s 99.90 100.10 Liberty Loan 4th 4%s 101.56 101.76 U S Treas 4%s 112.90 113.10 U S Treas 4s 108.02 108.22 U S Treas 3%s 105.20 105.40 U S Treas 3%s 101.02 101.22 —Sales— SI,OOO Indpls. Power Sc Light Cos 55....100 5 Shares Interstate Pub Ser 5s 97 NEW NAME GIVEN TO TRACTION FIRM Indianapolis & Cincinnati Now Indianapolis & Southeastern. The second step in the reorganization of the Indianapolis & Cincinnati Traction Company, recently purchased for $500,000 at a receiver’s sale in Louisville, has been made with the incorporation of the company under the new name of the Indianapolis & Southeastern Railroad Company witli a capitalization of 10,000 no par value shares. Incorporators are Charles T. Dehore of Cincinnati, Leroy E. Eastman of Toledo, Frederick D. Rose of Muncie, A. B. Miller of Rushville and Miss Theresa E. Reardon and Donald L. Smith of Indianapolis. The I. & C. has been in receivership for more than two years. Dehore, who has been named president, has been connected with the Toledo & Indiana Traction Company for many years. Rolling stock purchased at the receiver’s sale will be sold and re- i placed with new, lightweight, one-; man cars. I OPENS WAR ON RATS Expert Cooperates With Health Board in Downtown Stores. Oliver Behel, the “modem Pied j Piper,” has begun a campaign ■ against rats in downtown stores. Behel is cooperating with Dr. j Herman G. Morgan, city health board secretary, in the drive against j the local rodent colony, j Dr. Morgan said it is necessary to j wage war on rats from the health and economic standpoint. Births Girls Lee and Dorothy McKhohey, Coleman Hospital. John and Goldie Heck, Coleman Hospital. Fernando and Bernestine Kivett, Coleman Hospital. Estel and Arvllla Lynch, Coleman Hospital. Orvia and Geneva Grey. 840 Buchanan. Leo and Emma Greenwood, 566 Wilkins. Guy and Irene Perry. 722 Somerset. Oris and Edna Young, 1746 Madison. Carl and Cecelia Eschenbach. 1023 B, Raymond. Roy and Edna Morrison. 5648 Wlnthrop Boys Allen and Helen Johnson. 1256 W. Thir-ty-Fourth. Glen and Virginia Alston, 1639 Yandes. George and Beulah Corr.elius, Osteopathic Hospital. Glen ana Mildred Bracken, 1804 E. For-ty-Sixth. Conley and Mary Lowman, 1419 W. Thirty-First. Aaron and Malissa Wire, 1127 Central. George and Eunice Garven, 2845 Sherman Dr.

Deaths Marcella Teel, 16, Long Hospital, empyema. Henry Klepfer. 78, Methodist Hospital, chronic myocarditis. Ethyl Mitchum, 10, Riley Hospital, acute elukernia. Mary Ann Burke, 70, 737 Cottage, chronic myocarditis. Elibabeth Sadie Tomlinson, 51, city hospital, lobar pneumonia. Daniel Kerr, 62, Methodist Hospital, embolism. Rudolph J. Elmore. 30, 160 S. Bancroft, pulmonary tuberculosis. Helen P. Hiatt, 87, 2817 Robson, chronic myocarditis. George Powell, 49, Methodist Hospital, diabetes. James P. Sanderson, 60, Illinois and Pearl, chronic myocarditis. Malissa Epperson. 53, 2157 Northwestern, carcinoma. Martin T. Earl, 67, 1616 Prospect, carcinoma. Infant Garvin. 2845 N. Olney. premature birth. Robert Dale Tuttle, 1 mo., Riley Hospital. enlarged thymus. John C. Kord, 66, Christian Hospital, chronic myocarditis. Letha Shaw, 31, city hospital,, pelvic hemorrhage. Rosa Lee Hammond, 22. 2827 Highland PI., cardiac insufficiency. Mary Lucy Biggs, 18, 801 Division, nephritis.

THE INDIANAPOLIS TIMES

MOST PORKERS STEADY; SOME RISEIOCENTS Receipts 9,000; Top Goes Up to $10.10; Calves Decline. May Bulk Top Receipts 31. [email protected] 10.00 9,500 June 1. 8.50(7? 9.90 9.90 11.500 2. 8.50© 9.90 10.00 4,000 4. 8.75# 10.10 10.15 5,500 5. 8.50#9.90 10.00 11.500 6. [email protected] 10.10 9,000

Hogs were generally steady to 10 cents higher on the Union Stock Yards today with 5,000 fresh animals in the pens. There were 595 held. over. Most material was up 5 cents and the bulk of 170-250-pounders sold at $9.9010. A few choice 280-pound butchers brought $lO.lO. Cattle were steady to strong; vealers 50 cents lower, and sheep and lambs steady ln other divisions. The Chicago market opened strong with Tuesdya’s best prices. Several bids and a few sales in choice 190-270-pound weights were around $9.90@10. Others'were held higher. Lights, Pigs Steady Heavy meat animals weighing 250-350 pounds advanced 10 cents on the top to sell at $9.75@ 10.10, and material in the 200-250 pound class was up the same at $9.90 @ 10.10. Lights, 160-200 pounds, was 5 cents lower on the top bringing [email protected]. Other material was unchanged, quotations ranging, 130160 pounds. [email protected]; 90-140 pounds, $7.25 @8.25, and packing sows, [email protected]. Cattle were strong, beef steers sellin gat $12.65@14, and cows, $8.50 @ll. Low cutter and cutter cows brought $5.75 @7.50, while bulk stock and feeder steers sold for $7.50 @ 9.50. Receipts were figured at 1,000 head. Calves Lose 50 Cents Best vealers dropped 50 cents on the hundredweight and sold at $14.50@ 15.50. Heavy animals were unchanged at s7@ll. There were about 1,100 animals brought to the yards. Sheep and lambs were steady with 800 in the pens. The top was sl9, and bulk fat lambs brought sl6® 18.50. Bulk culls were $10.50 @l3, and fat ewes went at [email protected]. —Hojti— Receipts. 9,000; market, steady to higher. 250-350 lbs $ 9.75(7/10.10 200-250 lbs 9.90®10.10 160-200 lbs 9.50© 9.95 130-160 lbs 8.50# 9.25 90-130 lbs 7.35(8 8.25 Packing sows 8.25® 9 25 -CattleReceipts. 1,000; market, strong. Beef steers $12.65©14 00 Beef cows 8.50# 11.00 Low cutters and cutter cows.. 5.75® 7.50 Bulk stock and feeder steers.. 7.50® 9.50 —Calve*— Receipts, 1,100; market, lower. Best vealers $14.50® 15,50 Heavy calves [email protected] —Sheep— Receipts. 800; market, steady. Top fat lambs $19.66 Bulk fat lambs [email protected] Bulk cull lambs 10.50® 13.00 Fat ewes 6.00® 7.50 Other Livestock Bp Times Special LOUISVILLE. June B.—Hogs—Receipts, 900; market steady best heavy and medium hogs, 175 lbs. up $9.10® 9.85: pigs and lights 175 lbs. c’own. $6(88.30: throwouts and stags. $6.85(87.45. Catt%—Receipts. 200; market, steady prime heavy steers. sl2® 13: 1 eavv shipping steers. *ll ®l2: medium anl plain steers. $9.50(8 11: fat heifers. s9#l3: choice fat cows. $8.50 @10.50; medium to good cows, $6.50(8 8.50; cutters, 5.50®;6.50; canners. $4.50(85.25: bulls. s6® 9; feeders. [email protected]: stockers. [email protected]. Calf—Receipts. 300: market, steady, good to choice. $11.50(813.50; medium to good. $9.50® 11.50; outs. *9.50 down. Sheep—Receipts. 1.500: market lambs. 30c lower: sheep, steady; mixed lambs. $lB ewes and wethers. $18.50: seconds. $11.50: sheep. $7©7.50: bucks. $4 down. Tuesday’s shipments: Cattle. 48; calves. 200; hogs. 749; sheep. 2.200. Bp United Press FT. WAYNE, Ind.. June Hogs—Receipts. 400; market steady to 10c Higher; 90-120 lbs.. $7.25: 120-130 lbs.. *7.75: 130140 lbs.. *8.60: 140-150 lbs.. *8.70; 150-160 lbs.. $9; 160-170 lbs.. $9.40; 170-200 lbs., $9.80; 200-225 lbs.. $9.90; 225-275 lbs., $9.80; 275-350 lbs.. $9.50; roughs. s7® 8: stags. ss®6. Calves—Receipts. 50: market sl6 down. Sheep—Receipts, 50; market, lambs sls down. WOMAN KILLED AS SHE STEPS INTO TRAIN PATH Mrs. Martha Heaton, 55, Fatally Hurt In Dodging Another Engine. Leaping from the path of an outbound Big Four Chicago passenger train, Mrs. Maltha Heaton, 55, of 820 Goodlet Ave., jumped into the path of an inbound Chicago Big Four mail train Tuesday evening, at the Concord St. Big Four crossing, and was fatally injured. She was brought to Union Station on the train, and died a few minutes afterward in city hospital. A letter to a daughter in Chicago led to indentifleation. Mrs. Heaton, born in Bloomfield, moved here with her husband Dailey, Link Belt Company employe, ten years ago. Others survivors are: Daughters, Miss Fay, Mrs. Zona Hynes, Mrs. Mary Parrish, Mrs. Caroline Crickadonz, and Mrs. Lucy Bainaka of Indianapolis, and Mrs. Ona Aakes and Miss Hazel, Chicago; sons, Lester, Lee and Henry, Indianapolis, and Harrison, Bloomfield; sisters, Mrs. Eliza Sparks and Mrs. Jennie Bunch, and a brother, Charles Gobin of Bloomfield. COTTON WEATHER GOOD Week Fairly Favorable for Crop Over Southern Belt. Rp United Press WASHINGTON, June 6. The Government weekly weather report of cotton issued today follows in part: “The week was fairly favorable for cotton. While it was too cloudy and wet, especially the latter part, for best results in many sections of the cotton belt, the weather on the whole was fairly favorable.” House Contains No Wood By United Press GARY, Ind., June 6.—A house is under construction here which will not contain a single piece of wood. The framework is of angle-irons with a complete system of diagonal bracing. Both bolting and electric welding is used to fasten the metal together. Concrete is used in the foundation and for the floors, while stairs, sills and Interior trin are all steel.

Graduating Class at School 22

r i •<

These children will be graduated this week from School 22, at the annual commencement exercises: first row (left to right), James Mallow, Herman Lewis, Mildred Hapner, Philip Fogle, Sylvia Dlchner, Leslie Hendley, Rose Becker, Hugh Braughton, Kathleen Underwood, Bennie Dichner. Second row: David Nahmias, Sadie Zimmerman,

CERTIFICATES SOLD Treasury Announces Sale of $400,000,000 Series. By United Press WASHINGTON, June 6.—Secretary of Treasury Mellon announced today sale of two series of treasury certificates totaling $400,000,000. One series of $200,000,000 will be for six months, expiring Dec. 15, 1928, and bear 4 per cent interest The other series of $200,000,000 will bear 3% per cent interest and mature March 15, 1929. Proceeds from sale of the new securities will be used to retire outstanding certificates which mature June 15, Mellon said. He also announced* that the treasury expects to buy a large block of outstanding Third Libertyloan bonds this month on account of surplus money on hand.

Produce Markets

Butter (wholesale price)—No. 1. 47@48c; No. 2. 45® 46c lb. Butterlat (buying price)—4se lb. Cheese (wholesale selling prices, per pound)—American loaf. 34c; pimento loaf. 34@3Cc: brick loaf. 34c; Swiss. 39c: Wisconsin flat. 30c; prime cream. 25® 27c; flat daisy, 26®,27c; Longhorn. 26%@27%c; New York limberger, 32c. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off. 23c doz. Poultry (buying price)—Hens. 21@22c; lb.; Leghorn hens. 18c; 1928 spring. 1% to 1% lbs.. 32c: 2 lbs. and up. 33@34c; Leghorns. 29c; old roosters, 10c: ducks. 11c; geese. 8® 10c; guineas, old 35c. young 50c. HONOR SCOUT HEADS Gold Medals to Be Presented at Honor Court Tonight. James Biddinger, scoutmaster, and Clarence Wiggam, assistant scoutmaster, of Troop 69, will be presented with gold badges for ten years’ service at an honor court of the Boy Scouts at the Central Library tonight. Paul Richards, junior assistant scoutmaster Troop 69; George Curry, assistant scoutmaster Troop 29, and Lewis Scott, first-class scout. Troop 36, will be awarded five-year veterans’ badges. , Business matters of the local scout units will be discussed at the executive board meeting, at the Chamber of Commerce Thursday noon. Almus G. Ruddell, president of the board, will preside, MEEHAN TO GRADUATE City Boy At West Point Was Football Star. Cadet Arthur William Meehan, 3117 W. Michigan St., will be among the 261 who graduate from the United States Military Academy at West Point, Saturday. Meehan has been prominent ln athletics at the school and was quarterback on the Army team for the last two years. He was also among the best wrestlers in the 160-pound class. He is 190 on the graduate list. The graduate officer Is 24 and was appointed to the academy by Senator Watson in July, 1924. He has been cadet first sergeant of E Company for the past year.

/ Buy and Sell Indpls Power & Light Pfd. Newton Todd 415 Lemcke Bldg.

Special Train Indianapolis to Bloomington, Ind-, and Return Monday—June 11th Account Graduating Exercises of Medical and Dental Schools, Indiana University. Via ILLINOIS CENTRAL RAILROAD $3.00 Round Trip Tickets good only on special train. No baggage checked. Half fare for Children. SCHEDULE Lv. Indianapolis (Going) 10:30 A. M. Ar. Bloomington - (Going) 12:00 Noon Lv. Bloomington (Returning) 8:45 P. M. Ar. Indianapolis (Returning) 10:15 P. M. (Stops will he made in both directions at Stadium Platform.) Tickets on sale City Ticket Office, 114 Monument Circle, or Union Station. F. W. STEPHENSON. District Passenger Agent, 315 Merchants Bank Bldg.

Norma Deßruler, Lawrence McLaughlin, Freda Solotkin, Harry Harris, Celia Berman, Ralph Kottkamp, Ella Balay, Morris Singer, Edna Spangler, Lewis Crider. Third row: Jack Maurer, Sophia Brodsky, David Cohn, Fannie Zukerman, Clarence King, Pauline McGaughey, Joseph Bell, Alma Tuck, Jake Krasno,

News of City in Brief

THURSDAY EVENTS Teachers College of Indianapolis commencement. Cadle Taberracle, 10 a. m. American Business Clu j luncheon, Columbia Club. Indianapolis Association of Credit Men luncheon, Lincoln. Advertising Club luncheon, Spink Arms. Engineering Club luncheon. Board of Trade. Sigma Chi luncheon. Chamber of Commerce. Sigma Nu luncheon. Board of Trade. Caravan Club luncheon, Murat Theater. The Sons of the American Revolution will place the trophies, flags and works of art of the society in the Greeen room Spink-Arms, which will be used hereafter a sa meeting place. The action was decided at the monthly meeting of the board of governors Tuesday. Dr. William Quinn was elected president; Dr. C. A. Beck, third vice president, and Dr. C. F. Annan, fourth vice president, at the meeting oof the Central Indiana Chiropractors’ Association at the Lincoln Tuesday night. Dan W. Le Gore, realtor and builder, was elected a member of the Home Show committee of the Indianapolis Real Estate Board for three years by Real Estate Board directors Tuesday, He succeeds William Low Rice. Members of the Home Show committee whose terms continue are: M. M. Miller, J. F. Cantwell, Walter M. Evans and T. E. Grinslade. “What if Any, Are the Distinctions Which Separate the Republican and Democratic Parties from a National and International Point of View,” will be the subject of James M. Ogden, Republican candidate for State attorney general, at the Bible Investigation Club meet tonight at a Y. M. C. A. An old-fashioned bean supper will be served at 6:20. The National Association of Cost Accountants ninth annaul nation conference at New York next week will be attended by four epresentatives of the local chapter of the organization. They are: C. F. Eveleigh, William Baum, R. E. Guild and M. P. Sullivan. The use of metals in automobile construction havo been revolutionized by the late Elwood Haynes of Kokomo, discovered of stellite and chromolite, J. E. Patten, industrial chemist, declared at a talk at the Universal Club Tuesday on "Stainless Steel.” H. N. Tolies, president of the Sheldon school, will peak at the Indianapolis Real Estate Board luncheon, Thursday noon at the Chamber of Commerce. His subject will be “Salesmanship.” Instruction in various phases of home building will be continued at the biweekly meeting of the Indianapolis Home Builders’ Association at the Marott at 6:15 tonight, according to Fred L. Palmer, president of the association. Oriental stucco ahd plastine will be discussed

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In addition to the $800,000,000 assets of the Cities Service organization the stability of its securities is further strengthened by the fact that its securities is further strengthened by the fact that its 100 subsidiaries are engaged in three great industries serving the everyday needs of people in 3,000 communities throughout the cuontry.

HENRY L. DOHERTY & CO. T 66 " 428 Merchants Bank Bldg., Indianapolis, Ind. Send for booklet “TPO-112" describing; the investment possibilities of Cities Service Securities. Name . Address

and demonstrated by J. H. Conner, Chicago, representative of the United States Gypsum Company. William N. Fender of the Peoples Coal and Cement Company, local distributors, also will speak. Regular meeting of Rainbow Division veterans will be held at 7 p. m. Thursday at Room 1500 Fletcher Savings and Trust Bldg. Walter Koons, recently elected president, will preside and plans for the State convention at Ft. Wayne, June 9-10, and the national convention at Columbus, June 13-15, will be outlined. Dinner will be served before the meeting at Fletcher cafeteria. Three Indiana utilities today petitioned the public service commission for authority to issue securities. The Liberty Light and Power Company, Richmond, asked for a $153,800 bond issue; the Pike County Telephone Company for a $50,000 issue of 7 per .cent preferred stock, and the Rush County Power Company for a $50,000 stock issue.

Gone, but Not Forgotten

Automobiles reported stolen to police belong to: Helen Mix, 619 E. New York St., Ford, 635-606, from Meridian and Georgia Sts. D. S. Landrey, 610 Virginia Ave., Chevrolet, 637-929, from Woodlawn Ave. and Shelby St. Herman Meloy, Waterloo, Ind., Reo, from near city hospital. Leo F. Lipps, 2916 Highland PI., Essex, D-644, Ohio, from New York and Meridian Sts. Le Roy Butcher, 545 Patterson St., Ford, 20-274, from 600 N. West St. Frank Masterson, 923 N. Tacoma Ave., Ford, 19-396, from Michigan and Noble Sts. H. Mullally, 2618 N. Capitol Ave., ( Nash, 28-601, from Meridian and North Sts. Oren Medlin, 1162 W. ThirtySecond St., Chevrolet 638-110, from Caoitol Ave. and Market Sv.. K. L. Stewart, 3208 E. Michigan St., Ford. 641-459, from Market and Illinois Sts. Willis Kibum, 1268 W. Thirtieth St., Ford, 638-718, from Meridian and North Sts.

BACK HOME AGAIN

Automobiles reported found by police belong to: Frank Reid, 3104 Kenwood Ave., Ford, found at Capitol Ave. and Georgia St. Elige Carpenter, city, Studebaker, found at Tenth and Meridian Sts. SUGAR OPENING Bp United Pn ss NEW YORK, June 6.—Sugar futures opened higher. September. 2.69, up .02; December, 2.78, up .02: January. 2.75, up .02: March, 2.73, up .02; May, 2.80, up .02; July. 2.57, up .01.

The Test of Success "TF you want to know whether you are destined to be a success or not, you can easily find out,” said J. J. Hill, the late financial genius and railroad builder. "The testis simple and infallible. Are you able to save money? If not, drop out. You will lose. You may think not, but you will lose as sure as fate, for ths seed of success is not in you.” So great are America’s resources, and so widespread its prosperity, that almost anyone can have the good things of life today by properly regulating one’s income. The important thing is to acquire the habit of spending less than we make and investing the surplus in established enterprises. Three hundred and fifty thousand investors have found that by placing their surplus funds in the world-wide Cities Service organization, their personal and financial standing is amazingly strengthened. These investors include trust companies, banks, insurance companies and other financial institutions. HENRY L. DOHERTY & CO. 428 Merchants Bank Bldg. Indianapolis, Ind. Branch Offices in Principal Cities.

.JUNE 6, 192$

WHEAT REGAINSi TUESDAY LOSS.’ OPENSUP TODAY Corn Irregular, Oats Starts Session Lower on Chicago Board of Trade, j Bp United Press CHICAGO, June 6.—Recovering from the break of around 5c of Tuesday, wheat opened higher on the board of trade today. Corn was irrgular, while oats were down.

At the opening wheat was urtchanged to %c higher; corn ranged from Vac higher; and oats was unchanged to %c down. Provisions were unchanged. The break of around 5 cents in wheat Tuesday is believed by traders to have discounted all that Is bearish in the market at the present time. Liverpool was stronger this morning, but Buenos Aires was lower Tuesday. Thc-re was little change in weather overnight. The northwest belt received showers while the rest of the belt received rains. Spring wheat in the southwest promises a bumper crop. Corn held fairly strong Tuesday ln the face of weakness in wheat. Reports from the new crop continue favorable. Oats followed the break Tuesday, but reports are not as optimistic as in corn. The supply of old crop oats is small. Chicago Grain Table —June 6 WHEAT— Prtr. High. Low. 12 00 close. July 1.45% 1.43% 1.45 1.43% September ... 1.47 V, 1.45% 1.47 1 45. December ... 1.49% 1.47 1.49% 1.47% CORN— July 106% 1.04% 1.06 1.04% September ... 1.05 1.03% 1.05 1.03% December ... .89% .88', .89% .88% July 56% .55% .56% .56% September ... .46% .46 .46% .46 December ... .48% .47% .48% .48 Juh' YE ~! 1.2!) % 1.27% 1.29 1 25% September ... 1.23% 1.21 1.23% 1.19% December ... 1.23% 1.21 1.23 * 1.20% LARD— July 12.00 11.95 11.97 11.95 September .. 12.35 .... 12.30 12.30 October .... 12.45 ...., 12.45 12.42 RIBS— July .25 September .... 12.50 Bp Times Special CHICAGO. June 6 —Carlots: Wheat. Uj corn, 82; oats, 19; rye, 2. URGE LAWS TO PROTECT UNWED MOTHER, CHILD Critlenton Mission Selects Washington for Meeting in 1929. Resolutions advocating legislation in all States to protect the unmarried mother and her child by fixing support of the child on the father and licensing all who assist in birth and care of mother and child were adopted at the closing session of the annual Florence Crittenton Mission conference at the Marott Hotel Monday afternoon. The meeting was attended by representatives from the thirty-two Crittenton homes ih twenty-one States. Washington, D. C., was chosen for the 1929 meeting, after a close contest in which Denver, Colo., and Wilmington, Del., made strong bids for the meeting. GAS TAX YIELDS MORE $84,449 Increase Reported for MajJ in Indiana. Indiana gasoline tax collection increased $84,449.97 during May over the same month in 1927. Archie N, Bobbitt, State gas tax collector, announced today. May, 1928, collection totaled $918,263.38 and collections for May, 1927, totaled $833,813.41. Health Officials to Confer Health officials from eight Stated will confer Wednesday in Minneapolis on Great Lakes sanitation with Dr. William F. King, Indiana health board secretary, the presiding officer. Dr. King will report ot* the progress made in Indiana in disposing of sewage in the Calumett district. ■.