Indianapolis Times, Volume 40, Number 24, Indianapolis, Marion County, 8 June 1928 — Page 27

JUNE 8, 1928

HIGH BROKERAGE LOAN ESTIMATE LOWERSSTOGKS Majority of Shares Decline , From 1 to 2 Points; Few Specials Up.

Average Stock Prices

Average of twenty industrials Thursday was 215.08, off .43. Average of twenty rails was 140.93, off .58. Average of forty bonds was 97.49, off .03. By United Press NEW YORK, June B.—Worried by the increase of nearly $94,000,000 in brokerage loans, bringing the figure to anew high record, the stock market community sold heavily on the opening today, the majority of stocks declining from a point to ‘J points. Early dealings however, *,saw a steadier tone and only a few shares broke below their initial lows. A few special issues forced ahead. Among these was Loew’s Inc., which gained 1% points to 76. The heaviest losses were sustained by the rubber issues. United States Rubber and Goodrich both dropped to new low ground for the year, the fofmer losing nearly 2 points to 3914 and Goodrich 114 to 48. Radio lost 2% to 191 and then came back to 192; United States Steel gained a point to 14414 from its early low and held around that figure. Packard, Chrysler and Hupp declined sharply at the start and recovered partially. General Motors ruled more than a point /lower around 1901a after touching 189%. Describing the market, the Wall Street Journal’s financial review said today: • “A flood of selling greeted the opening, reflecting pessimism created by the increase of $93,776,000 in brokerage loans in the week ended June 6. This gain was substantially larger than had been expected in view of the irregularity of the main body of stocks during that time. Rubber Stocks Break By United Press NEW YORK, June B.—Rubber stocks broke sharply on the New York Stock Exchange today, Goodyear, Godrich and the United State Rubber Company issues striking new low prices for the year. i The break was unexplained except by the belief that Wall Street insiders were aware of information regarding tire cut announcements expected shortly, from the leading producers. Mail order houses recently announced big reductions which are expected to force similar action by the large companies.

Banks and Exchange

FOREIGN EXCHANGE By Unite} Press NEW YORK. June 8^— Foreign exchange nnenpd cfpadv Demand sterling, *£.8713-16- francs, 3.93 c; lira, 5.26%c. up Wic; bel’ga. ?3 95c. up .<>6%c; marks. 23.88%C, off .00%c. LIBERTY BONDS By United Press NEW YORK. June B.—Libe 1., - 3rd 4'/s opened at 100.3, up 3; 4th 4/,*. 101 26-

v In the Stock Market

(By Thomson & McKinnon)

NEW YORK. June B.—Thursday during a period of liquidation the ■market) took a sudden turn for the better, influenced by a seemingly well founded rumor of a merger between the Packard automobile company and others in the same industry. However this morning’s press carries an official denial of this rumor by no less a personage thah the president of the company mentioned. Added to this disappointment is the large increase in brokers loans which has pushed these figures to the highest total of all times. This leaves us where we were Thursday when the market was declining because of the poor technical position. Therefore, if the market Thursday required liquidation the properly adjust unsatisfactory fundamental conditions, it is no better today. Hence we continue the policy of recommending liquidation.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. June B.—Big purchases of fertilizers and a little clear weather probably influenced Liverpool this morning is not responding to our advance. We think the trade has had ample opportunity to buy all the cotton they want at these prices and we can' get bullish above 20,.i0 for October. Bn United Press NEW YORK. June B.—Cotton futures opened lower. October 20.56, off .13. December 20.42. off .12: January 20.32 off 11; March 20.29. off .10: July 20.35, off .16. SUGAR OPENING Bit United Pres? NEW YORK, June B.—Sugar futures opened lower. September. 2.71. off .01; December, 2.80. off .01; January. 2.76, off .01: May. 2.78. off .01; July. 2.60. off .01.

b oor advertisement in The Indianapolis Times. Wednesday, June 6. we made the following statements and advertised the following items which have been called to pur attention by the Better Business Bureau as being incorrect: We advertised. “dart Schaffner and Marx—men’s suits—in small sizes—former prices. S2O to s3s—while they last at s—ss.” We should have stated that these were old style and damaged, and that there were very few Hart Schaffner and Marx suits of any kind at these prices. We advertised, “Hart Schaffner and Marx new spring ton coats —in all sizes from 3* to 48—former prices, S2O, $25 to $50 —at onty $5, $lO, $15." We did not have any Hart Schaffner and Marx new spring topcoats on sale at these prices and this item should not have been in our advertisement. We advertised, “Men’s Felt Hats, all new styles and shades, former selling prices from $2, $4, $6 to $lO, in all sizes, 47c. 97c, $1,677 $2.37. We did not have the six and ten dollar hats on sale at the prices quoted, and that many, of these hats were soiled and shopworn. We advertised, "Smart new spring, summer cloth and* stlk coats, all of the newest styles, new shades—at $3, $5, SB, former prices $lO, sls to $25.” We should have stated that there were blemished and old style coats mixed in this lot. were not silk but made of r ayon.

New York Stocks ————— (By Thomson & McKinnon)

—June 8— Prev. Railroads— High. Low. 12:00. close. ; Atchison 187 V* 187 Vi 187% 187 Vi I Atl Coast Line 178 ... 175 179% 1 Balt & Ohio ...111 110% 111 111 1 /* Canadian Pac ..208% ... 208',i 209% Chess & 0hi0...190% ... 190 Vi 193% Chi & Alton 11 ... 10% 10% Cht <& N West.. 83% 83Vi 83% 83% Chi Grt West... 12% ... 12V 12% C R I & P 114% ... 114 Vb 114% Del & Hndson ..197 ... 195% 199% Del & Lacka ...139% ... 139 139% Erie 55 ... 55 55 Erie Ist pfd \ 54% Grt Nor pfd 100% ... 100 100% 111 Central 144 Vi Lehigh Valley ..106% ... 106% 106% Kan City South 52 Lou & Nash ... .. 150'/* M K & T 33Vi ... 33Vi 33% Mo Pac pfd ... .117V* ... 117 117'% N Y central ...178% ... 178% 179% NY C & St L.. •.. 133 NY NH & H 59% ... 59% 59Tb Nor Pacific 98’/a Norfolk & West 185 ... 185 185 Pere Marauette ... ... 133% Pennsylvania .. 64% ... 64% 65 P & W Va 150 Reading 108% 107'/. Southern Ry . ..155 ... 155 155% Southern Pac ..123% ..5 123% 123% St Paul 33% 33% 33% 34% St Paul pfd... 44'/a ... 44% 44y St L & S W 84% ... 84% 85 St L & S F....J14% ... 114'/a 114% Texas & Pac 138 Union Pacific .195% 195 195% 195 West Maryland 45 44% 45 44% Wabash 84% ... 84% 85 Wabash pfd 100 Rubbers— Ajax 8% ... 8% 9 Fisk 14'/a 14 14 14% Goodrich 80 . 78% 79 80% Goodyear 49 47% 48 49% Kelly-Spgfld ... 20% 19% 20% 21 Lee ... ... 21 United States .. 40% 39'/ 4 39% 41 Eouipments— Am Car & Fdv 101% Am Locomotive 106 Am Steel Fd 38 ... 58% 58 Baldwin Loco .... ... ... 245 General Elec ..153% 152% 153 154% Gen Ry Signal.. 94% ... 94% 94% Lima Loco 56 N Y Airbrake. 43% 43% 43% 43% Pressed Stl -Car 21% Pullamn ....... 86 85% 85% 35% Westingh Airbr. 48% ... 47% 47% Westing Elec ..101% ... 101% 101% Steels— Bethlehem 60% ... 60% 61 Colorado Fuel.. 73 ... 71% 72% Crucible 84 Gulf Sttaes Stl 63% ... 63% 64Va Inland Steel ...... 57 Phil R C & I. .. 31% 31 31 30% Rep Iron & Stl . . ... ... 58 Otis Steel 22% ... 22% 22Va U S steel 144% 142% 143 143% Alloy 35% ... 35V, 38% Youngstwn Stl 88 ... 88 87% Vanadium Corp. 84% ... 84 85% Motors— Am Bosch Mag 38% 37% 37% 38Va Chandler ... ... 18% Chrysler Corp.. 79% 78% 78% 79% Conti Motors .. 12% ... 12% 12% Dodge Brcs .... 16 15% 16 16 Gabriel Snbbrs.. .. ... ... *B% General Motors 191 % 188% 189% 191 % Hudsoh 69% 87% 88 89% Hupp 62% 61% 61% 63 Jordan 12% ... 12% 12% Mack Tnicks .. 94% ... 93% 95% Martin-Parry 21 Moon 10 ... 9% 9% Paige 34% 34% 34 34% Nash 92=a 91% 91=4 93% Packard 83% 82% 82% 84% Peerless ... .. 21 Pierce Arrow.... 15% ... 15% 16 Studebaker Cor.. 74% 74 74 75Vi Stew Warner.. 90% ... 90% 91 Stromberg Cart. .. ... ... 65% Timken Bear .125 . 125 124% Willys-Overland. 26 25% 25% 25=, Yellow Coach .. 36% 36 V* 36% 36 Va White Motor... 38% 38 38 38 Mining— Am Smlt & Rfg. ,195 ... 193% 195 Anaconda. Cop.. 7Q% 70% 70% 70V, Calumet & Arlz.lol% 99% 100 101’a Cerro de Pasco.. 72% .. 72% 73% Chile Copper.. 43 4?% 43 42% Greene Can Cop. 118% 116% 117 117% Inspiration Cop 23 % ... 23 Vi 23 Int Nicke1....... 96% ... 95% 92% KcnnecoU Cop” 89% 89%' 89% 90=s Magma Cop 52% ... 52 52% Miami Copper.. 20% 20% 20% 20% Texa% Guff Sul 68% 68% 68% 68% U S Smelt 48% ... 48% 49% Oils—' 1 • Atlantic Rfg ...121'% ... 119 122% FreepofU-TeXas. . 73% 72% 73% 122'% Houston Oil ...143 ... 142 142y 8 Indp Oil & Gas 25% ... 25% 26 Marland Oil ... 36 . 35% 35%. Mid-Cont Petrol 29% ... 29% 29% Lago Oil & Tr 33 Pan-Am Pet 8.. 45 44'/* 44% 44% Phillips Petrol 38% ... 38% 38% Pro & Rfgrs .2<f% 25% 25% 26% Union of Cal... 50 ... 50 50% Pure Oil ,23 ... 23 23

Indianapolis Stocks

—June 8— Bid. Ask. Amer Central Lift 600 Belt R R & S Yds com 70% 72 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 102% Citizens Gas Cos com 57% ... Citizens Gas Cos pfd 101 102% 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 & Northwestern pfd.. 15 Indpls ? i L 6%s pfd 106% 108% Indpls P & L 7s 101 103% Indpls Pub Yel Ln Assn 47'/a ... Indpls St Rv 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. 101 North Ind Pub Serv Cos 6s ..101 104 Northern Ind Pub S Cos 75....11l Progress Laundry Cos com 30'/* ... E. Raugh & Sons Fert Cos pfd. 50 Real Silk Hos Cos pfd 91 Standard Oil of Indiana ... 75 ... Th I & E Trac Cos com 1 T H I & E Trac Cos pfd 12 Vi ... T H Trac &Lt Cos pfd 92 Vi 98 Vi Union Trac Cos com Union Trac. Cos. Ist pfd 1% Union Trac Cos 2nd pfd 1 % Union Title Cos com 80 Van Camp Pack Cos pfd ... 6 Van Cambp 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 82Vi Centra) 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 89% 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 Vi ... Ind Service Corp 5s 96 Indpls Power and Lt Cos 5s . 99 100 Ind Union Trac Cos 5s . Indpls Col & So Trac 6s 102% 105 Indpls Gas Cos 5s 102% 105 Indpls & Martins Trac Cos 5s 30 ... Indpls North Trac Cos 5s .... 13 Indpls & Northw Trac Cos 5s .. 30 Indpls St Rv 4s 67 67% Indpls Trac & Term Cos 5s 96 97 Indpls Union Ry 5s 101 Indpls Water Cos 5%s 103 Indpls Water Cos Ist 5s 99% Indpls Water Cos 4'/aS 97 99% Indpls Water Sec Cos 5s Interstate Pub S Cos 5s 98 ... Interstate Pub S Cos 5s 99 Interstate Pub SCo 4‘/ 2 s ... 88 ... Interstate Pub S Cos 5s ... 98 ... T H Tr & Lt 5s .....96 Union Trac of Ind Cos 6s ,13 ... N Ind Pub Ser 5s 99% ... —Liberty Bonds— Liberty Loan-'lst 3%$ 100.16 100.38 Liberty Loan Ist 4%s 101.02 101.22 Liberty Loan 3d 4%s .. .. 99.90 100.10 Liberty Loan 4th 4'/,s 101.68 101.88 U S Treas 4%s 112.98 11.1.18 U S 'Treas 4s 108.02 100.22 U S Treas 3%s 105.20 106 40 U S Treas 3%s 101,12 101.3:

A CORRECTION

Royal Dutch ... 51'/a ... 51 % 51'/a Shell > 26% ... 26% 27 Simms Petrol ... 20% ... 20% 20 a Sinclair Oil .... 23% ... 23% 23% Skelly Oil 29 ... 29 29% Std Oil Cal 57% ... 57% 57% Std Oil N J .. 44% .... 44 44% Std Oil N Y .... 34% ... 34% 35 Texas Corp .... 61 ... 60% 60 4 Transcontl .... 8 ... 8 White Eagle 23 Adv Rumely ... 47% 46% 47 • Albs Chalmers.. .. ••• 1-3 Jsx Allied Chemical .176% 174% 176 176 Armour A 19% 18% 19% 20 Amer Can ..... 90% 89 Vi 90 90 Am Hide Lea .... ir,. Am H L pfd ,?X 3 ;* Am Linseed ... ~ ••• •, l i 4 Am Safety Raz. 65% ... 65 s SS,, Am Ice 39 ... 39 39 k £”fi^ 001 125% 122% 124% ’coca coia'::::::i66% ... }% ij Conti Can ...104% 104 104/* 104 2 Certain teed ... •• ••• sal g Um Chem.’ j% 48% 4 % jj* Pamo P u°s nt Players :?|% i26% 127% 128% gst n ßus ph Mch ::: 122 . 122 122;* Int cm Engr ... 67 65% 66 68 , Int Paper ...... 77% ... 76 a 78 , M?r s f er .. J &% -ini ? £ ?o|% KISUwV.yJR , ,;**• (Kl'TSa 6*'. if ‘#4 Pittsburgh Coal Owens Bottle ••• •• :-~ v \qax a ‘ 2 ?% Sears-Rocbuck.'' 104% iO4 104% 105% Union Carbide .148', ... H|% 149% U S"Leather ... 43 ... 42% 44 UnlV Pipe 27% ... 27 a 27 , U S Cs Ir Pipe U S Industrial A . . ■■■, Wright 184 183 184 184 Woolworth Cos • ••• 181 Am Tel'&lrel ..182% ... 182% 183% Am Express 197 ... 190 2 jJ* 2 IS l FH nhS t . ; .iuh ::: no* m* E?e n c S Pow & Lt:: 1 % |% Interbojo 39 ... j 9 , Nor Am Cos .... 72V2 ... 7} > Ziu Nat Power 72% 71% 71 a 75 * Peoples Gas .... Std Gas &El ... 68% 67% 68 68% s.ra-.i55% ::: 1 Am**lnti"Corp.. ■ 111% HO 110 1% Am Ship & Com 5% ... J Atl Gulf &W I 54% 54 54 , 55 a Inti Mer M Pfd. 33% ... 38 a 38 a United Fruit . .135% ... 135/a is* Ag _ Rfg ... 72% 70% 71 72% Am Beet Sugar J sa2 Austin Nichols * S V Beechnut Fkg.. ••• -a, 25,“ California Pkg ..73 ... 73 73 a Corn Products -jU* Cuba Cane 8u P- • ••• -,.3. Cuban Am Sug../21% ... 21* Flelschmann Cos. 70% ... 70 a ™ • Jewel Tea 106 ... Jones Bros Tea 4 Natl Biscuit ... ••• -aa,. K ; 1% 130% Ward Baking B 22% 22 . 2* , -2 , Tobaccos- — , A3 , t- d Am Sumatra ... 54% 54 54 , 54 A mTobacco. ••••*. *" iigt; 158% Am Tob B 158 . ... 158% 158 a Con Cigars 92 , ... 90 92 a General Cigar .. 65% ... 65 a 65 2 Llg & Meyers.. 93% ... 95 93 a Lortllard 28% ... -j> * 28 , R J Revonlds 133 ... 132 a 133 Tob Products *22 United Cigar St ... Schulte Ret Strs 60% 60 % fi l

SEWER CONTRACTS LET Two Bids Totaling $320,000 Save City $87,000. City Engineer A. H. Moore today recommended the board of works a&ard the Forty-Second and FortySixth Sts. sewer projects to the Columbia Construction Company, low bidder. The bids were: Main sewer from Fcrty-Second and Winthrop to Fifty-Second St. $190,000; FortySixth St., from intersection of Winthrop to Fifty-Second St., $130,000. The board saved the city $87,000 by readvertising the projects a month ago. FREDRICK OFFERS AID Wires Dailey Assurance of His Support In Democratic Campaign. John E. Fredrick, Kokomo, defeated for the Democratic nomination for Governor, in the State convention here Wednesday, today wired Frank C. Dailey, nominee, assurance of his support in the fall campaign. “Accept my congratulations and assurance of whole-hearted support,” the wire said. GUARD FOR COOLIDGE $ Detachment of 75 Regular Army Men Sent to Summer Lodge. By United Press FT. SNELLING, Minn., June B. A detachment of seventy-five men and four officers from the Third Infantry, oldest division of the United States Regular Army, was to depart from the fort today for Brule, Wis., to guard President summer home. The Third has stood guard in the past for Presidents Washington, Taylor, Lincoln, Grant, McKinley and Roosevelt. SEEKS DIPLOMA 0 . K. Woman, Drugless Healer, Sues State Board. Mrs. Datey M. Hunt, 1938 College Ave., today filed suit in Circuit Court to force the State board of medical registration and examination to recognize a diploma she holds from the Otis J. Briggs CoHege of Drugless Physicians and grant her a license as a drugless healer. Briggs was found guilty in Criminal Court of fraud in connection with the issuance of diplomas several months ago. The swiftest of all land creatures is the ostrich, it having been known to attain a speed of sixty miles an hour.

We advertised, “Free women’s 75c silk hose." which hose were made of material other than silk and were not 75c hose. We advertised, “Free men’s 50c silk knitted ties,” which ties were made of material other than silk. We advertised. “Men’s silk knit ties, i9c,” which ties contained no silk. We advertised, “Men’s lisle hose, 7c,” which were not lisle hose. We advertised. “Women’s full fashioned seconds silk hose,” which contained many menders and commonly known in the trade as “Thirds” or "Damaged.” We advertised, “Millinery, 1,200 women’s and misses’ new flpring and summer felt, lace, straw and satin hats, former prices $3, $5, $6, s7,.at 50c, $1 and sl.s<>.’ We should have stated that this lot contained many soiled, damaged and out of style hats. We advertised, "Women’s winter and spring coats—47 coats at 50c,” which were shopworn, soiled and damaged. X We advertised, “39 coats at $1.00,” and described th\ same as "Marked to sell for $lO, sls, S2O and up to $30,” which Coats were soiled, damaged and worth no more than the price asked. Those feeling that they have been misled by any of our advertising may have their money refunded on any purchase by returning the merchandise. I * LEADER, formerly Daniels, Ine.

THE INDIANAPOLIS TIMES

LAMBS DECLINE $1.50; PORKERS STEADYJO OFF Heavy Hogs Drop 15 Cents; Pigs, Lights Unchanged 1 ; Vealers Lower. May Bulk Top Receipts 31. [email protected] '.OO 9,500 J l ine 8.6047 9.90 90 11,500 2 8.504?' 9.90 ' V> 4,000 4. 8.7W710.10 .5 5.500 5 8.50479.90 10.00 11,500 6'. 8.504710.00 10.10 9,000 7. 8.504710.00 10.10 10,500 8. 8.50@ 9.90 10.00 9.500 Lambs featured the livestock market at the local yards today, declining $1.50 tp $2 with higher receipts, estimated at 850. The top dropped from sl9 to sl7 and bulk fat lambs sold at sls@T7. Bulk culls were off 50 cents on the lorw end of the range at eewes were unchanged at $6 @7.50. Hogs were steady to lower, heavy and middleweight material declining 15 cents. Pigs and lights were unchanged. Animals in the bulk of 180-300 pounders sold at $9.85. A few choice butchers wdnt at $9.90. while one load brought $lO. There were 9,500 received and 495 held over.

Calves dropped 50 cents and cattle were steady in other divisions Chicago Low, Slower The Chicago market opened slow. 5 to 10 cents lower than Thursday’s average. The top price was $9.90 and some animals were held higher. Receipts numbered 27,000. Heavy butchers, 250-350 pounds, dropped 10 cents on the top, selling at $9.75# 10 Material in the 200-250-pound class was down 10 to 15 cents at $9.85# 10, while that weighing 160-200 pounds declined 15 cents on the high end to a range of [email protected]. Other classes were unchanged, quotations standing as follows: 130-160 pounds, $8.50# 9.25; 90-130 pounds, [email protected], and packing sows, $8.25#9.25. Cattle Steady to Lower Beef steers dropped to a range of $12.50# 14, in an otherwise steady cattle market. The supply was light at 700 head. ’>eef cows brought $8.50# 11 and low cutter and cutter cows, *55.75 #7.50. Bulk stock and feeder steers went at $7.50#9.50. The calf division was supplied with 1,100 animals and the best material declined 50 cents, selling at $14.50# 15.50. Heavy calves sold at s7# 11. —Ho**— - Receints. 9.500. market, steady to lower.-' 250-350 lbs :s9.7s<fi 10.00 200-250 lbs 9.85W10.00 160-200 lbs 9.504i 9.85 130-160 lbs 8.5047 9.25 90-130 lbs 7.2547 8.25 Packing sows 8.25@ 9 25 -CattleReceipts. 700; market steady to lower. Beef steers /. . .512.504114.00 Beef cows 8.504711.00 Low cutters and cutter cows.. 5.7547 7.50 Bulk stock and feeder steers.. 7.50® 9.50 —Calves— Receipts. 1,100; market lower Best vealers $14.50@1S 50 Heavy calves [email protected] -SheepReceipts. 850; market, steadv tp"lower. Top fat lambs $17.00 Bulk fat lambs 15.00® 17.00 Bulk cull lambs 10.004713.00 Fat ewes 6.00® 7.50 - ■ a SEEK HIGHWAY FUND Boost In Auto License Fees Considered.. Headquarters oL the Hoosier State Automobile Association here announced today that a movement for increasing highway construction funds, probably through irfereased license fees, has been approved by State civic' societies. The plan was approved by the association at Purdue University Thursday, at which delegates from seventeen other State bodies were present. A. J. Wedeking, chairman of the State highway commission, told the delegates that an increased construction program could be handled by the commission without any substantial increase in overhead and. operating expense. It was pointed out that Indiana license fees average |6 per car, while the national average is sl4.

APRIL TRADE BALANCE FAVORABLE TO U. S. Both Imports and Exports for Month Lower Than in 1927. Bit United Press WASHINGTON, June B.—Total United States exports in April were $364,135,445, while imports were $346,136,359, giving a favorable trade balance of $17,999,086 for the month, the Commerce Department reported today. t . . These figures were all less than ih Apri.l 1927, when a favorable trade balance of $39,640,653 was reported. Exports by grand divisions were as follows: To Europe, $161,888,297; North America, $101,855,801; South America, $33,835,832; Asia, $45,824,603; Oceana, $13,317,981; Africa, $7,412,931. Imports by grand divisions were as follows: From Europe, $94,272,721; North America, $84,948,542; South America, $50,739,031; Asia, $103,321,927; Oceana, $6,462,41?; Africa, $6,321,721. ‘MAWRUSS’ IS SUED Wife Asks Divorce; Charges Actor With Non-Support.' Bn United Press CHICAGO, June B.—Alexander Carr, known to thousands of theater goers as “Mawruss Perl 7 mutter” in the play “Potash and Perlmutter,” has Deen sued for divorce. Mrs. Helen Cressman Carr, the actor’s third wife, charged nonsupport. She alleges Carr was "capable of making sl,ooo’ a week,” but, instead, languishes about Chicago hotels In luxury, dining on sumptious repasts and having affairs with women, while I am destitute.” The Carrs, who were married In Los Angeles in 1924, have a 2-year-old daughter, Beverly, _ _

The City in Brief

SATURDAY EVENTS McGuffeyites annual picnic. Garfield Pa 3ig’ma U Alpha Epsilon luncheon. Chamber of Commerce. _ . Beta Theta Pi luncheon, Board of Trade. State aid problems confronting southern Indiana schools will * be discussed in five conferences next week, arranged by State school officials. Meetings scheduled are: June 12, Shoals; June 13, Jasper; June 14, Jeffersonville, and June 18, Spencer. Indianapolis Bulgarians have donated a total of $797 toward the relief of their countrymen who are victims of the recent earthquake.* The money has been given to the Indianapolis chapter of the American Red Cross for immediate ifse in the stricken area. Bessie Sutton, 12, of 512 E. Georgia St., was seriously injured when struck by an automobile drivers by James Shaffer, 1106 E. Georgia St., near her home late Thursday night. Indiana swine sanitation special train, which stopped, in Indianapolis Thursday, was visited by 367 Marion County hog raisers. The train is operated by the Purdue University department of animal husbandry, United States Department of Agriculture, the Baltimore & Ohio Railroad and the Marion County agricultural agent. The Knights of St. George will entertain with their annual euchre and bunco party in Sacred Heart hall, Sunday evening, at 8:30. The first prize is $2.50 in gold. B. Weimer is chairman of the committee in charge. County grand jurors Thursday Inspected the Indiana Woman’s Prison and the courthouse. They will report on conditions at the various institutions at the close of their term. Ralph Mann, driver of the automobile which struck and killed Robert McCray, May 27, on W. Michigan St., was bound over to the grand jury on a manslaughter charge, Thursday in Municipal Court, Bond was set at $2,500. The annual Parke County reunion' will be held at Garfield Park, June 24. All former Parke ounty residents are invited to attend and bring their dinners. F. S. Wood is president and Mayme Jacobs, secretary of the association. Edwin J. Kunst, University of Chicago, formerly Real Silk Hosiery Mills assistant personnel manager, will succeed Charles F. Benzel, Monday, as Indianapolis division manager of the Indiana University bureau of business research. Benzel rseigned Recently to become assistant manager of the Gimbel department store, Milwaukee, Wis. Reduced rates announced by the Illinois Central Railroad on iron and steel articles and canned goods shipped to California ports by way of the Panama Canal are expected to benefit Indianapolis shippers The rates are to perrfiit competition with industries of the East.

Produce Markets

Butter (wholesale price)—No. 1. 47048 c: No. 2. 45046 c lb. Butterfat (buying price)—4sc lb. Cheese (wholesale selling prices, per pound!—American loal, 34c; pimento loaf. 39c; Wisconsin flat. 30c; prime cream. 250 270; flat daisy. 264/27c: Longhorn. 26% <i/27%c; New York llmberger. 32c. Eggs—Buying prices; Fresh, delivered at Indianapolis, loss off. 23c doz. Poultry (buying price)—Hens. 21<@22c: lb.; Leghorn hens, 177718 c: 1928 spring. 1% to 1% lb:-.. 32c; 2 lbs and up. 32®33c; Leghorns. 29c; old roosttrs, 10c; ducks. 11c; geese. 8@10c: guineas, old 35c. youi-g 50c. By Ignited Press CLEVELAND. June B. —Butter—Extras ln tub lots. 45%@47%c; extra firsts. 42%4/ 44%c; seconds. 38%@40%c. Eggs—Extras. 33c: extra firsts. 3lc; firsts. 28c; ordinary. 27c. Poultry—Heavy broilers. 384/40c: Leghorns. 30034 c: heavy fowls. 264/27c; medium stock. 26 47 27c: Leghorns. 204r22c: old roosters. 15@16c: old ducks. 204/25c: geese, 16® 17c. Potatoes—lso pound sacks rund white Michigan. Wisconsin. $2.50. South Carolina barrels. $3.75. GROSS FUNERAL MONDAY Rites Will Be Held at Home for Veteran Mail Carrier. Funeral services for Charles Gross, 47, of 622 N. Oakland Ave.. will b eheld at his home where hi died Thursday, at 2:30 p. m. Manday. Burial will be in Washington cemetery. Mr. Gross was a clerk and letter carrier at the Indianapolis postoffice for twenty-two years. He had lived in Indianapolis all his life The widow and three children survive.

Gone, but Not Forgotten

Automobiles reported stolen to police belong to: Albert Campbell, 516 N. New Jersey St., Ford, 640-461, from in front of that address. Charles Berriman, 29 W TwentyEighth St., Ford, 48-529. from New York and Pennsylvania Sts. Olive Day, 220 W. Thirtieth St.. Dodge, 47-275, from Market and Pennsylvania Sts. Leo Skillman. 2106 S. Sherman Dr., Chevrolet, 621-450, from Capitol Ave. and Market Sts. R. E. Elrod. 945 W. Thirty-Fifth St., Ford, 10-635, from Oriental and Washington Sts. G. J. Newson, 149 W. Pratt St., Apartment 11, Ford, 666-584, from Capitol Ave. and Washington St. Walter T. Curtiss, Anderson, Ind., Ford, 439-130, from Maryland St. and Kentucky Ave. Arthur McDonald, Lawrence, Ind., Ford, 654-914, from Ohio St. and Pennsylvania Sts. Merrill Sheets, 342 N. Linwood Ave., Ford, 16-720, from Capitol Ave., and Market St. Smith & Durham, North Salem, Ind., Indiana Truck, from Washington St. and Senate Ave. Berl Addison, Carthage, Ind., Chevrolet, from Capitol Ave, and Market St.

BACK HOME AGAIN

Automobiles reported found by police belong to: Mildred Weaver, 917 E. Tenth St„ Chevrolet, at Mars Hill Airport. O. Saunders, 3751 Central Ave., Ford, at 615 Blake St. Ford, no license at New York St. and Indiana Ave, . .

NEGRO MEDICAL ASSOCIATION OF INDIANAMEETS Slack Welcomes Visitors; President Emerson Is Speaker. The thirteenth annual session of the Indiana State Medical, Dental and Pharmaceutical Association was opened Thursday in the Walker Bldg, and continued through today. Attending the convention are prominent Negro jnedical men of the State, several of whom have achieved national prominence in medical and dental surgery and pharmacy. Important discussions and clinics are scheduled for the sessions. Dr. E. P. Moten, president, delivered the address at the opening session. He emphasized recognition of Negro patients’ welfare in public institutions as of grave concern. “Negro physicians should be permitted to prescribe and direct the comfort of his patients in public hospitals upon the basis allowed to other groups,” he asserted. Mayor L. Ert Slack welcomed the convention delegates on behalf of the city at Thursday night’s meeting, held in Simpson M. E. Church. F. B. Ransom, attorney; Dr. D. W. Turner and Dr. L. A. Cabell responded. Dr. S. H. J. David presided.

Emerson Is Speaker Dr. C. P. Emerson, president of the Indiana University Medical School, addressed the convention at this morning’s session: Response was made by Dr. A. J. King. The wives of local medical men are entertaining- the visiting women sightseeing tours, theater parties and dansaht at the Walker Casino on Friday night. All business meetings are being held in the Walker Casino, with headquarters in the Walker drug store. Officers of the association are: Dr. E. D. Moten, president; Dr. R. D. Love, South Bend, vicy president; Dr. C, R. Wood, Gary, second vice president; Dr. C. H. Gibson, South Bend, third vice president; Dr. J. C. Davis, Muncie, general secretary; Dr. A. R. F. Johnson, Indiana Harbor, assistant secretary; Dr. A. J. King, Indianapolis, treasurer; Dr. D. W. Turner. Gary, national medical State vice president, and Dr. S. L. Martin, East Chicago, representative to the National Medical Association. Ellis-Haywocd Wedding Palms, ferns and cut flowers made an attractive setting at Christ Temple Church for the wedding of Miss Fannie A. Haywood, only daughter of the Rev. and Mrs. G. T. Haywood, and Robert C. Ellis of Jacksonville, Fla., Wednesday night at 8 o’clock. The altar was lighted with cathedral candles. The ceremony was read by the Rev. K. F. Smith of Columbus, Ohio, secretary of v the National Organization of Apostolic Churches. Miss Katherine Buka played a program of bridal airs before the ceremony and Mrs. Ada Earhart played the wedding march. Earl Howard was best man, and the ushers were Orville Haywood, Timothy Holmes, Elmer Bufford, Leon Holmes, Benjamin Parker and Drew Harrison. The bride’s attendant was Miss Vivian Bilbrew of Dallas, Texas, as maid of honor, and Misses Willa B. Howard, Mildred King, Bessie Mae Holmes, lona Buka, Viola Horner and Lola Holmes as bridesmaids. Cynthia Dawson and Sarah Elizabeth Haywood were flower girls and carried baskets of rose petals. The bride was given in marriage by her father, pastor of Christ Temple. She wore a gown of georgette and satin, fastened at the waist with a buckle of rhinestones. Her veil was of embroidered tulle. She carried a bouquet of bridal roses and daisies. Following the ceremony a reception was held at the home. Mrs. Haywood received, wearing a gown of Celanese voile over satin. The guests included friends and relatives from Chicago, Detroit, New

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Commission Row

PRICE TO RETAILERS FRUITS Apples—Fancy barrel apples, seasonable varieties. |[email protected]; fancy basket apples, seasonable varieties, $2.75@3. 40 lbs.; choice box apples, seasonable varieties, [email protected]. Apricots—ss.2s crate. _ Cantaloupes—California. [email protected] crate. Cherries—California, $2.25473. 8 lbs. Grapefruit—Florida, s4@B crate. Lemons—California, s7@9 crate. Limes—Jamaica, $3, 100. Oranges—Florida, $74710 crate; California valenclas. $6,754/9.25 crate. Pineapples—Cuban. $5.25@4. Strawberries—Tennessee Aromas. $4, 24-qt. crate; Tennessee Klandikes, $3, 24qt. crake; New Albany, $3.50, 24-qt. crate. VEGETABLES Asparagus—Green, 90c daz. bunches, white, 65c. * Beans—Southern, $3 hamper: Valentines, $2 hamper. Beets—Fancy southern. $1.50 hamper. Sabbagc—Mississippi, $2.75; Alabama, $3 crate. Carrots—Louisiana. 65c bu.; Texas, $3.50. 10 dozen crate. \ Celery—Florida. [email protected] crate. Sucumbers—lndiana hothouse, $1.50 box Os 1 doz. Eggplant— H. G. $2 doz. Kale—Spring, 65c bu. Leek—7sc bunch. Lettuce—California, $4 crate: hothouse, leaf. 75c 15 lbs. Mustard—Fancy, H. G., 65c bu. Onions Home-grown, green, 35@40c 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 River Ohios. $2. 120 lbs.. Idaho. $2.25; 120 lbs.. Texas, new $4.25 cwt.: Florida Rose. $4.75 bll.; Texas Triumphs, $6.50 bll.; Alabama Triumphs, $2.25 cwt. Radishes—Hothouse, button. 45c doz. bunches; southern long red. 30c doz. Rhubarb —Home-grown. 30c doz. Spinach, Fancy Kentucky. 60c bu. Sweet Potatoes—Porto Ricans. $2.60 hamper. Tomatoes—Repacked. $5.25476.25; 6basket crate: fancy Florida originals, $4 @5. Hot-house. $2.75, 10 lbs. Turnips—[email protected] per hamper. MISCELLANEOUS Cider—s4.so 6-gal. cate; $4.75 doz. halfgal. jars. Garlic—California. 25c lb.

York City and Ohio. The at-home announcement is Jersey City, N. J., after June 15. Tea Is Scheduled A tea will be given in the Y. W. C. A. from 4 to 8 p. m. for the benefit of the N. A. A. C. P. All members and friends are invited to be present. Attorney R. L. Bailey is president. Mr. Emsirdell S. Stone, former owner of the Washington Theater, has closed the Lyric Theater of Louisville for the summer. Close friends of Stone learn that he may prises of Indianapolis, again invest capital in new enterDr. Howard Thompson of Evansville, is attending the doctors’ convention here this week. He is a former Indianapolis man. Miss Willa Resenover, art teacher in schools of Cairo, 111., is spending her vacation with Mrs. Cora B. Hampton in Highland Apts. Mr. and Mrs. Fred C. Smith entertained* Thursday at a surprise party in honor of their daughter, Rosa Lee, who recently became the bride of J. Edward Shropshire. Following the party a special dinner was served. Miss Zella Richardson of Someiset, Ky„ is attending summer school at Frankfort, Ky., following an extended visit with her sister, Mrs. Helen Goss, Douglas Apartments. Miss Flossie Goss of Somerset, Ky., also is visiting her brother, William J. Goss. School Plans Exercises Lorenzo Gray of Bloomington vis - ited Mr. and Mrs. D. H. Brown at their home in W. Nineteenth St., cn route to Detroit. The principal and teachers of School No. 4 will present theiv pupils in May Day exercises Wednesday, June 13, at 2 p. m. Mrs. Mary E. Cable is principal. Mrs. Floyd Woods is recovering from several weeks’ illness at her home, 324 W. Twenty-Sixth St. Mr. and Mrs. Robert Kirk of Highland Place, are on a motor trip to Kentucky to attend thiir son’s graduation exercises at one of the State schools. They were accompanied by their daughter, Mrs. Ethel Moore. Persons who have items for this column are requested to get in touch with J. F. Johnson, He. 2256, not later than noon on Monday and Thursday of each week. Chicken Picker Claims Record By t nitcd Press WATERFOr'd. Wis., June 7. Clarence W. Hockings, local meat merchant, can dress a chicken faster than anybody else in the world. He can pick, clmn and cut up a nice springer ready Tor the frying pan in 8 seconds.

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WHEAT FUTURES NERVOUS TODAY IN OPENING PITS Northwestern Rains and Crop Report Expectations Leave Doubts. By United Press CHICAGO, June B.—Wheat was nervous at the opening with reports of further rains in the northwest and in expectation of the Government report due this afternoon. Corn was down on favorable news: while oats was Irregular. Wheat opened unchanged to Vc off; corn was down. % to ' a c; and oats ranged from %c advance to %c off. Provisions were higher. A quiet market is expected in wheat today since a Government report is due after the close this afternoon. The report will estimate production of winter wheat, but will give no estimate of spring wheat. The American northwest received good rains overnight and Canada had heavy precipitation. Pecent rains, with warm weather following have aided the new corn crop. More rain fell over the br’t last night. The cash market however continues strong and somewhat offset the bearish new crop condition. Liquidation in oats has been about completed. New crop prospects are favorable, but the small supply of the old crop, with light receipts, has held the market steady.

Chicago Grain Table —June 8— WHEAT— Prev, Hieh. Low. 12 00 close. July 142% 1.41 1.41% 1.42% September ....1.44 1.42% 1.43 1.44 December .... 1.46 1.44% 1.45 146 f CORN— , July 1.06% 1.03% 1.03% 1.08 September ... 1.03% 1.01 1.01% 1.03% December .87% .85% .86 ,87% OATS— July .55% .54% .54% .5.)% September .. .46% .45% .45%. .46% December .47% .47% .47% .48% RYE— July .... ... 1.27 .... 1.26 1.27% September... 1.21 .... 1.19% 1.21% December ... 1.21% .... 1.20% 1.21% LARD— July 11.82 11.75 11.83 . September .. 12.20 12.10 10.17 October 12.32 12.25 12.33% RIBS— - July .... 12.25 * September .. 12.42 12.42 12.45. Bu Times Special CHICAGO. June 8 —Cerlots: Whct, 12; corn. 94: oats, 22; rye. 0.

Local Wagon Wheat

LOcal (train elevators are paylm? $1.55 for No. 2 rpd wheat. Other grades ara Durchased on their merits. ENGLISH NOBLES ENTER MEAT AND MILK TRADE Drops Life of Ease to Manage Retail Business. By SEA Service LONDON. June B.—The life Os ease commonly associated with nobility is being dispelled by reccn-t. activity of Britain’s “title holders” in the realm of competitive business. Lord Cranworth has opened a meat market in Ipswich. His specialty is pork and the idea behind the retail businesg is to eliminate the middleman's profit by selling the products of a farm at Grundisburgh, Suffolk, direct to the consumer. Countess De la Warr is in personal charge of a milk business, also operated on a producer-to-con-sumer basis. Lord Hamilton of Dalzell, owner of a dairy farm, is another who has expanded into the retail field. SET QOG SHOW DATE Kennell Club’s Annual Exhibit to Be Held Sept. 3 to 6. Hoosier Kennel Club’s annual fall show for all breeds wil be held Sept. 3 to 6 at the Indiana State Fairground. E. W. Keach of Minneapolis, will be superintendent of the show. Harry Meyers of Indianapolis will judge beagles and Frank Addyman of Ardsley, N. Y„ will judge other?. The Boston Terrier Club of Indianapolis and the Central Beagle Club of Indiana will have exhibits.

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