Indianapolis Times, Volume 40, Number 26, Indianapolis, Marion County, 11 June 1928 — Page 14
PAGE 14
RADIO ALONE IN SHOW OF FIRM OPENjNGTREND General List Holds Fairly Well After Starting Lower in IVlart.
Average Stook Prices
Average of twenty Industrials Saturday was 209.01, off 2.50. Average of twenty tails was 138.06. oft 1.20. Average of forty bonds was 97.23, oft .06. Bn United Press • NEW YORK, June 11.—Radio Corporation was the only issue to show any strength in early dealings on the stock market today, although the general list, after a lower opening, held fairly well and several recovered to around the previous close, grading was quiet. Radio gained 2 points to 19$ and .held around that figure, while Gender al Electric came back !4 point f*o the previous close at 150%, and Chemical rose % to 169%. Electrical Supply firmed flip fractionally. General Motors, United States ■Steel, American Can, Loew’s. New pork Central and a long list of fothers were easier. Steel touching new low on the movement at 140. [■Belling of the latter was based on [the unexpectedly large decrease in r tin filled tonnage reported after the ►close Saturday. | Describing the market, the Wall UStreet Journal’s financial review if aid today: . “Bearish sentiment in v trading Hcircles was increased by the sharp in the session and pby publication after last week’s close E*cf the United States Steel’s unfilled i steel tonnage statement for May. ftThis showed a decrease of 455,000 (tons, which was considerably larger than had been anticipated.”
Banks and Exchange
LIBERTY BONDS Bn United Press NEW YORK. June 11.—Liberty 3%s opened at SIOO.B. off lc: 3rd. 4>,4s $100.2, kip 2c. Purdue Director Gets Offer Bit Times Special LAFAYETTE, Ind.. June 11.— G. I. Christie, director of Purdue University’s agricultural experiment station, is considering an offer to become president of the Ontario Agricultural College at Guelph, Ont, Canada. He . was graduated from the Canadian college in 1902.
Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK . MEMBERS New York Stock Exchange Chicago 74/ art! of Trade New York Cotton Exchange Chicago Stock Exchange New York Curb Association 300 Fletcher American Bank Bldg. Telephone LI ncoln 8391
A STATEMENT RELATING TO THE FUTURE OF The Chrysler Corporation and Dodge Brothers, Inc.
The widespread public interest in recent events affecting the Chrysler Corporation and Dodge Brothers, Inc., deserves an authentic and official statement and an assurance regarding the future of these two corporations. Subject to the approval of stockholders, Dodge Brothers,- Inc., will be acquired by the Chrysler Corporation, the plan of amalgamation having been recommended by their respective boards of directors. Each of these great institutions will retain its identity, and will continue, as heretofore, to produce and market its own product inaccordancewiththehighand progressive standards from which motor car buyers the world over have previously benefited. Each will benefit from the consummation of ? plan which unites such tremendous resources in material, manufacturing facilities, financial power and manufacturing genius. Dodge Brothers will continue to be Dodge Brothers, and Chrysler will be Chrysler. Their products will be separate and distinct and will be continued in production without interruption. Their sales organizations will be unrelated except as they shall mutually share in the advantages of the consolidation. Both public and dealers may look forward to the greater benefits which the consolidation of such tremendous resources will produce —and the men identified with these businesses may be assured of a stable and definite future, inspired by the progressiveness which has been responsible for this uniting of two great companies.
New York Stocks (By Thomson & McKinnon)
—June 11— Prev. Railroads— High. Low. - Close, close. Atkison 186 185 Vs 185>/a 186 Atl Coait Line .178% ... 178 178 Balt & Ohio 110 108% 110 109% Canadian Pac ..204% ... 203% 205 Chesa & Ohio ..185% ... 185 183% Chi & Alton 9Vi ... 9Vi 9Vi Chi & N West.. 82 ... 81% 82% Chi Grt. West... 12 ... 11% 12 C R I & P 112% ... 112% 112% Del & Hudson ..187% 187 187 186% Del & Lacka ...137 ... 137 138 Erie 33 ... 52% 53 Erie Ist pfd 53’% Grt Nor pfd .. 98Vi ... 98 98% 111 Central 140V4 ... 140% 140% Lehigh Valley 105 Kan City South 48Vi ... 48 49Vi Lou & Nash 149 ... 149 149% M K & T 33>4 ... 33‘i 33% Mo Pac pfd 115% ... 115 116 NY Central ...175 , 173% 174% 174'% NY C & St L... 129 % ... 128% 130 NY NH & H... 57% ... 57te 58 Nor Pacific 96% 96 96 % 97 Norfolk & West 181% ... 180 181% Pere Marquette 130 Pennsylvania .. 63% ... 63 63% P & W Va \ 146 Reading 104 102% 103 104'% Southern Ry ...151V4 150% 151 1514, Southern Pac. ..122 ... 122 122'% St Paul 31 % ... 31 31% St Paul pfd 42% 42'/- 42 % 42% St L& S W,... 85 ... 84% 84% St L & S F 112% ... 112% 112% Texas & Pac 133 Union Pacific ...193% ... 193 193% West Maryland .42 41% 42 Wabash 78 Vi ... 78% 77'% Rubbers— Ajax B'/a ... 8% 8% Fisk 14 ... 13% 14 Via Goodrich 76% ... 76 76 Goodyear 47'/* 47'/* 49'/* 47% Kelly-Spgfld 19 Lee 19% United States .. 38% ... 37% 38% Equipments— Am Car & Fdy.,100% ... 99% 100 Am Locomotive 106% ... 105% 105% Am Steel Fd 56% ... 55 86Vi Am B Shoe 43% ... 43 43 General Elec ...152 150 150'4 150'% Gen Ry Signal.. 92 ... 91'/* 93 Lima Loco 55% N Y Airbrake.. 43% ... 43% 43'/* Pressed Stl Car.. 20V* ... 20% 21 Pullman 83 82 82 % 83% Westingh Air B 46% ... 45% 46% Wcstingh Elec... 97 95% 96% 96% Steels— Bethlehem .... 58% ... 58 58' Colorado Fuel .. 88% 67 Vi 68% 68 Vi Crucible 83% ... 83 % 84% CJplf States Stl 62% Inland Steel 56 Phil R C & 1 30 V* Rep Iron & Stl 56% 56 56’i 56% Otis Steel 21% 21 21'4 21% U S Steel 141 Vi 140 140% 140% Alloy 34 33 Vi 33% 33% Youngstwn Stl. 87% .. 87% 87% Vanadium Corp. 80% 79% 80 80'% Motors— Am Bosch Mag 33% ... 33'* 34% Chandler 17 Vi ... 17 V* 17% Chrysler Corp.. 76% 76 76% 77% Conti Motors.... 12% 12 12% 12% Dod-e Bros ... 14% ... 14% 14% Gabriel Enbbrs.. 18 ... 18 18 General Motors .JBB’i 186% 188 187 Hudson 86% 84% 86 36% Hupp 58% 57% 58 58% Jordan 12 ... 12 12'/* Mack Trucks..-, 92% 91% 92 92% Martin-Parry .. 19 Moon 8% ... 8% 8% Paige 32% 32 Vi 32% 33 Nash 89% ... 89V* 89% Packard 79% 77% 78 89% Peerless ... ... 20% Pierce Arrow... 144 .. 13% 1374 Studebaker Cor. 70'* 70% 70% 71 Stew Warner 87% ... 87 87 Stromberg Cart .. ... ... 60'4 Timken Bear . ..119% 118% 119% 120'* Willys-Overland. 25 ... 24% 25% Yellow Coach... 34% 34% 34% 34* White Motor... 36% 36 36 36% Mining— Am Smtl & Rfg 189% 189% 189% 189% Anaconda Cop.. 67% 66V* 66 v * 66% Calumet & Ariz. .. ... ... 98% Cerro de Pasco. 71 70% 71 71 Chile Copper... 41% ... 41% 41% Greiene Can Coplo7' 106% 107 107 Inspiration Cop 722 22 22% Int Nickel 91% 91 Vi 91% 91% Kennecott Cop.. 854, 85V* 85% 864, Magma Cop 49% ... 49 49% Miami Copper.. 19V* ... 19% 19% Texas Guff Sul 66% 66% 66% 67 U S Smelt 47 ... 47 47 Oils— Atlantic Rfg ...117% ... 116% 117% Freeport-Texas. . 70% 69% 70 70
CHRYSLER CORPORATION DODGE BROTHERS, INC
Houston Oil 137 ... 103% 137% Indp Oil & Gas 25 ... 25 25Vi Marland Oil ... 34% ... 34 34% Mid-Cont Petrol 28% Lago Oil & Tr.. 31 ... 31 30V4 Pan-Am Pet 8.. 43V* ... 43Vi 43Vi Phillips Petrol.. 38 ... 37% 38 Pro & Rfgrs 23% ... 23% 24 Union of Cal.. 49% 49% 49% 50 Pure Oil 23*/* 22'/* 23 22% Royal. Dutch 51 Shell 26% ... 26 26Vi Simms Petrol .. 20% ... 20% 20% Sinclair Oil .... 23 22'/* 22% 22% Skelly Oil 28% Std Oil Ca 1.... 56Vi ... 56% 56% Std Oil N J 42% ... 42Vi 42% Std Oil N Y 33% . . 33 334, Texas Corp 53% 57% 58 53% Transzontl 7% ... 7'* 7% White Ea-!e -22 V, Industrials— Adv Rumely ... 42% .., 42Vi 42% Allied Chalmers 118V* .. . 118'/* 118% Allied Chemical 171 169'% 171 170 Armour A 18'/* ... 18% 18% Amer Can 86 ... 85% 87 Am H L pfd . 43*i ... 43’i 45 -Am Linseed 105% ... 105',* 106% Am Safety Raz. .. ..- ... 64% Am Ice 37% ... 37% 37% Am Wool 20% ... 20% 20% Curtis 115% 115 1151, 111", Coca Cola ...1.160 ... 159% 163 Conti Can 100'!, 99% 100', 2 #9% Certain teed ... *2% ... 47% 47% Congoleum 25% ... - 25% 25% Davison Chem. 45% 45 Vi- 45% 45% Du Pont .. . 382 % Famous Players .123% 123% 123% 123% Gen Asphalt 74% Int Bus Mch ...119% ... 119% 1194, Int Cm Engrj.. 63 62 62% 63V* Int Paper . . ... 74 Int Harvester ... ... 262 Lambert 103 102 102% 103% Loews 70 ... 69% 71 Kclvinator .... 17 16% 17 17% Montgom Ward .143% 142% 142% 143% Natl C R 60% ... 60V. 60% Pittsburgh Coal 47 Owens Bottle .. 83 ... 83 83% Radio Corp 197% ... 195 194 Real Silk 26% ... 26% 27 Rem Rand ... 29 28% 29 29% Sears-Roebuck ..101% 101% 101% 101% Union Carbide .146% 146 146% 147 U S Leather... 411, ... 40% 40% Univ Pipe 22% 21% 22 23 U S Cs Ir Pipe.. 295 ... 245 254 Wright 175 174 175 177 Woolworth Cos ..184 183% 184 Utilities— Am Tel & Te1..178 177 178 178', Am Express ...190 .. 190 190% Am Wat Wks. . . 58% 58% 58% 59 Brklyn-Manh T 63 62 6.1 61% Col G & E 108% 107 s , 108 103 Consol Gas 118% 146% 117 147%. Elec Pow & Lt.. 37% . . 37 37 s , Intcrboro 39 38% 39 39 Nor Am C 0.... 70 69% 70 70 Nat Power ..... 34 s * 33% 34 34% Peoples Gas 173% So Calif E 47% . . 47% 47% Std Gas fi El.. 65% 65 65% 66% Utilities Power.. 39’, ... 39% 40% West Union Tel. .145% ... 145'* 548 Shipping— Am Inti Corp ... 105'% 103% 105 10 s ' Am Ship & Com . ... ... 5% Atl Gulf k W I 51% ... 51% 52 Inti Mer M pfd 37 s , ... 37% 38% United Fruit 134% ... 133% 134 Vi, Foods— Am sug Rfg 70 V* 69% 70 70% Am Beet Sugars .. 18% Austin Nichols .. 6% ... 6% 7 Beechnut Pkg.. 74 74 75 76% California Pkg.. 72% ... 71'i 72 Corn Products .. 70'% 70% 71 ’’l% Cuba Cane Su p 25 Cuban Am Sug. 21% 21 21 21% Fleischmann Cos. 68% 68% 68% 68% Jewel Tea 104 Jones Bros Tea .. .. ... ... 31% Natl Biscuit 167% 164%- 167 165 Nat Dairy 78% 77% 78 78% Postum Cos 128 125% ... 126 Ward Baking B 20% ... 20% 21 Tobaccos— Am Sumatra ..53% ... 53% 53V* Am Tobacco ...155% ... 155% 157 Am Tob B 156% ... 156'* 157 Con Cigars .... 89 88% 89 89% Gencal Cigar ..65 ... 65 65V* Lig fi Mvers .. 94 93% 95 93V* Lorillard 26% ... 26’* 27 R J Reynolds .131% 131'/* 131% 131% Tob Products B 106% ... 105% 107 United Cigar St 28% .. 28% 28% Schulte Ret Strs 59 57% 57% 59%
In the Sugar Market
IBy Thomson k McKinnon) NEW YORK, June 11.—The wlthdXwa! demand of refined sugar has shown some improvement, but on the whole it has been made in moderate quantity. Until this division of the sugar industry shows decided improvement, quotations for the raw product can hardly be expected to do better than to hold at present levels. B;l United Press NEW YORK. June 11.—Sugar futures opened lower; July. 2.62. off 01: September. 2.72, off .02; December. 2.80. off .03; January. 2.75. off .03; March, 2.69, off .03: May. 2.76. off .03.
Local Wagon Wheat.
Local grain elevators are paying $1.55 for No. 2 red wheat. Other eratles are nurch-sert on their merits
THE INDIANAPOLIS TIMES
TOP HOGS SELL FOR $10,25 IN HIGHERMARKET Porkers Rise Generally 10 to 15 Cents; Vealers Up; Lambs Off. June Bulk Top Receipts 4. 8.75(810.10 10.15 5,500 5. 8.50 (ir 9.90 10.00 11.500 6. 8.504110.00 10.10 9,000 7. 8.50@ 10.00 10.10 10,500 8. 8.504 c 9.90 10.00 9.500 9. 8.504i 10.00 10.10 3.000 11. 8.754i1010 10.25 6.000 Advancing generally 15 to 20 cents on the hundredweight hogs opened the week on the Union Stockyards today with a top price of $10.25. Most choice material was selling for $lO.lO to $10.20. Receipts were estimated at approximately 6,000, and there were 228 holovers. Cattle were little changed; vealers advaned 50 cents and lambs dropped as much. Sheep w£re steady. The Chicago market opened around steady with Friday’s average. Several bids and a few sales in choice 180-270-pound animals ranged from $9.90 to $lO. Some strictly choice loads were held higher. ' Figs Unchanged Heavy meat animals, 250-350 pounds, were up 10 to 15 cents, selling at 10# 10.25, and material weighing 200-250 pounds sold at slo.lo# 10.25, up the same. Lights. 160-200 pounds, were unchanged at $9.50# 10.10. The class of light lights,* 130-160 pounds, rose 25 cents on the low end of the range and sold at $8.75# 9.25. Pigs were steady, bringing $7.25# 8.25, while packing sows went up evenly 25 cents to $8.50 #9.50. Cattle were little ch nged in a 750-head market today. Beef steers brought $11.65#14, with a few held higher. Beef cows were $8.50# 11, and low cutter and cutter cows went att $5.75#7.50. Bulk stock and feeder steers brought $7.50#9.50. Vealers Up; Lambs Drop Best vealers sold at $14.50# 15.50 in a higher market supplied with 500 animals. Heavy calves brought s7#ll. Lambs were 50 cents lower and sheep steady in that division. Receipts numbered 900. The top went down to $16.50 and bulk fat lambs sold at sls# 16. Bulk culls sold for slo# 13 and fat ewes for $6#7.50, —Hot*— Receipts. 6.000: market, steadv. 250-350 lbs $10.004110.25 200-250 lbs 10.004)10.25 160-200 lbs 9.504i 10.10 130-160 lbs ,1.7541 9.25 90-130 lbs 7.25® 8 25 Packing sows f.504t 9.50 -CattleReceipts. 750; market, steadv Beef steers $11,654/ 14.00 Beef cows 8.504/ 11.00 Low cutters and cutter cows.. £ 754/; 7.50 Bulk stock and feeder steers.. 7.104/ 9.50 —Calves— Receipts. 500; market, higher. Best vealers $14,504/15.50 Heavy calves 7.00111.00 i —Sheep— Receipts. 900; market, steady to lower. Top fat lambs $16.50 Bulk fat lambs 15.004/16.00 Bulk cull lambs 10.004/13.00 Fat ewes 6.or,t# 7.50 Other Livestock Bn United Press EAST BUFFALO. June 11.—Hogs— Receipts. 8.000; holdovers, 813: market. Steady; 250-350 lbs, $10,504/11; 200-250 lbs., slo® 10.50; 160-200 lbs, $10,154/10.50; 130-160 lbs, $9,504/10.35; 90-130 lbs, $94/ 9.50: packing sows. $8 254/8.75. Cattle— Receipts, 1,200. Calves—Receipts, 1,300; market, steady to 25c up; calves 50c higher, beef steers. $13.50® 14.50; light Yearling steers and heifers, $134114.75; beef cows. $9.50; low cutter and cutter cows. $5.704/7; vealers. $14.504/ 16 Sheep
We Offer SIOO,OOO ' American Loan Company’s Accumulative Preferred Stock (NONTAXABLE) Established 30 Yearc This Stock Yields 8% Net A safe instrument for your surplus fundle For Complete Information and Financial Statement, Call, Write or Phone Us Umphrey & Hartz 347 Bankers Trust Bldg. i LI ncoln 8439
DIVIDEND NOTICE Utilities Power & Light Corporation 7% Cumulative Preferred Stock The Board of Directors of Utilities Power & Light Corporation at a meeting held this day declared a quarterly dividend for the period ending June 30, 1928, of One Dollar and Seventy-Five Cents ($1.75) per share upon the outstanding Preferred Stock of the Corporation, payable July 2, 1928, to stockholders of record at the close of business June 11, 1928. Class A Stock A quarter!)' dividend for the period ending June 30, 1928, of Fifty Cents (Sty) per share on the Class A Stock also was declared, payable July 2, 1928, to stockholders of record at the close of busiaess June 11, 1928. . Under the resolution of the Directors, the holders of Class A Stock have the right and option to accept, in lieu of their cash dividend, additional Class A Stock at the rate of one-fortieth of a share for each share of Class A Stock standing of record in their respective names at the close of business on June 11, 1928. Unless by the close of business June 20, 1928, the stockholder advises the Corporation that he desires his dividend in cash, the Corporation will send to him on July 2, 1928, the additional stock (or scrip for fractional shares) to which he is entitled. Class B Stock A quarterly dividend was also declared on the Class B Stock for the period ending June 30, 1928, payable in voting trust certificates representing Class B Stock at the rate of one-fortieth of a share for each share of Class B Stock outstanding, payable July 2, 1928, to stockholders of record at the close of business June 11, 1928. Scnp will be issued for fractional shares. _ H. L. CLARKE, President. /fen York, June J, 1925.
In the Cotton Market
(By Thomson Ss McKinnon) NEW YORK, June 11.—With frequent showers and cool nights the cotton crop isn’t getting much of a chance to eaten up. We expect to hear much more talk about boll weevils and other insects from now on. We think it is all right to buy cotton, but on reactions as the market isn’t ready for a big move yet. \ Bit United Press NEW YORK, June 11.—Cotton futures opened higher. July, 20.52. up .04; October, 20.72, up .05; December, 20.60, up .07; January, 20.50, up .09; March, 20.45, up .09. —Receipts, 3,200: market, 10(820c lower; top fat lambs, $174/18; bulk fat lambs, $13016.50; bulk cull lambs, $5.50@7. Bn United Press TOLEDO. June 11.—Hogs—Receipts, 600; market, 10c higher; heavies, $9,654/9.90; mediums. 4 $lO4/ 10.25; Yorkers. $9,754/ 10; f:ood pigs. SB4/8.50. Cattle—Receipts, ight; market, steady. Calves—Receipts, light; market, steady. Sheep and lambs —Receipts, light; market, lower. TIRE COSTS SLASHED Leading Companies to Cut Prices Heavily. Bn United Press NEW YORK, June 11.—Leading tire companies reduced their prices today. Firestone made the first announcement, which was followed closely by Lee of Conshohocken, General Tire and Rubber, and Goodyear. The latter company did not indicate the extent of its reductions but said that some adjustments would be made. The other companies said their cuts would be effective today. . The reduotions affect all lines of tires and range from 4 to 17 per cent. • The Lee Rubber and Tire Com pany promptly met the Firestone reduction with an announcement that tires and tubes of the Lee of Conshohocken line and Staghound solid tires would be reduced from 4 to 15 per cent. The Firestone reductions ars as follows: Third line tires. 4 per cent; first line tires, 17 per cent; low pressure cords, 12 '-2 to 15 per cent, and solid tires, 10 per cent. Goodrich Cut Expected Bn United Press CLEVELAND. June 11.—The General Tire and Rubber Company today announced a price reduction of from 4 to 17 per cent on tires and tubes, effective at once. It was understood from a reliable source that the Goodyear and Goodrich Tires and Rubber Companies of Akron also would announce reductions. ‘COM? TO CHURCH BY SALOON’ IS PAPER AD English Rector Finds New Way to Draw Crowds. I'nited Press CALLOW, Hertfordshire, June 11. .—Parking space for automobiles and proximity to a saloon were offered as inducements to attend church by the rector here. The Rev. A. Mauby Lloyd, who is a cousin of Lord Lloyd, High Commissioner of Egypt, had an advertisement inserted in local newspapers which read as follows: "To motorists.—Callow, on the Ross road, a fine objective for Sunday evenings. Plenty of parking room. Half a mile from the Angel. —A. Mauby Lloyd.” .The “Angel” mentioned is a well known saloon-to motorists. The rector explained that he did it with the hope of increasing his Sunday evening congregations.
CORN FOLLOWS WHEAT SLUMP; OATSJJNEVEN Favorable Weather in Belt Sends Major Grain Sharply Lower. x Bi/ United Press CHICAGO, June 11.—Favorable weather over the belt sent wheat sharply lower at the opening on the Board of Trade today. Corn followed the downturn, while oats was irregular. At the opening wheat was off 1 to l’/ic; corn was down Is to %c, and oats ranged from Vac down to higher. Provisions were unchanged. There is little change in weather conditions over the wheat belt today. The Southwest is receiving rain, while temperatures are normal. Liverpool was about as expected today. Liquidation in July corn is continuing and it is generally believed that the market is heavily oversold. New crop prospects continue favorable. Crop prospects in oats are improving. There was no other news of significance. Chicago Grain Table —June 11WHEAT— Prev. . High. Low. 12:00 close. Jlv 1.42% 1.41 s * 1.42% 1.43 September ... 1.44% 1.42% 1.44 1.44% December ... 1.46 s * 1.44% 1.45% 1.46% CORN— July 1.04% 1 02% 1 03% 1.03% September 1.02% 1.01% 1.02 I.ol’i December ... .86% .85% .86% .86% OATS— July 55 5 ! .55% .55% *.55%' September ... 48% .46 ,46V* .46'/* | December 48 47’* .47’*, , x 1 July 1.28% 1.27% 1.28 1.28% September ... 123% 1.22% 123% 1.33% I December ... 1"24% 1.22% 1.24 1.24V* LARD— July 41.77 .. . 11.77 11.00 September .. 12.15 12.12 12.15 12.12 October .... 12.27 ... . 12.27 12.27 RIBS - July 12.20 September .. 12.40 Bn Times Special CHICAGO. June 11.—Carlots: Wheat. 3; corn, 160; oats, 21.
Produce Markets
Butter (wholesale price) No. 1, 47@48c; No. 2. 45®48c lb. Buttcrfat (buying price)—4sc lb. Cheese /wholesale selling prices, per pound/—American loaf. 34c; pimento loaf. 39c; Wisconsin flat. 30c; prime cream, 254/ 27c; flat daisy, 26®>27c; Longhorn, 26% &27%c; New York limberger, 32c. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off. 234724 c doz. Poultry (buying price)—Hens, 21<822c; lb.; Leghorn hens, 174/18c: 1928 spring. IV* to 1% lbs., 32c; 2 lbs. and up 321/ 33c; Leghorns. 29c; old roosters, l'c; ducks, 11c; geese, S'S’lOc; guineas, old 35c, young 50c. Bn United Press NEW YORK. June 11.—Flour—Dull and s’eady. Pork—Dull; mess, $3. Lard Steady: mlddlewest spot, $11,954/12.05. Sugar—Raw, quiet; 96 test delivered duty paid. 4.30 c; rcflnpd quiet; granulated. 6.05 4/ 6.10 c. Coffee—Rio No. 7 on spot, 15%@ 15%c; Santos No. 4. 23%®24'/*c. Tallow -Quiet; special to extra, 84/8&C. Hay— Strong; No. 1. $1.25; No. 3, 85c1/$1.05; clover, 75c®51.15. Dressed poultry Quiet; turkeys, 254/ 47c; chickens, 26®44c; broilers, 304/44c; fowls, 244/ 31c; ducks. Long Island, 21c. Live poultry—Geese, 10 hi 12c; ducks. 154/ 16c; fowl*. 241/29c; turkeys, 20i/30c; roosters, 17c; broilers, 254f 48c. Cheese—Firm: state whole milk, f/wioy to specials, 304132 c; young Americas, 264/ 26%c. Potatoes—Sweet Jersey, basket, sls/3.50; southern. $2.25® 2.50; Irish Long Island. $1,254/2; southern, $1.50 4/4; Maine. sl.so®' 2.25. Butter-Firm; receipts, 8.355: creampry extras, 444/ 44%c; specail market, 44%4/45'ic. Eggs—Firmer; receipts 19,267; nearby white fancy, 37® 38c; nearby State whites, 304/ 36c; fresh firsts. ?94/29%c; western whites, 311/ 33c; Pacific coast, 29@38%c; nearby browns, 29 36c. Bit United Press CLEVELAND. June 11.—Butter—Extras in tub lots, 454/ 47c; extra firsts. 42'%4* 44%c: seconds. 38%4/40%c. Eggs—Extras, 34c; extra firsts, 32c; firsts, 29c; ordinary, 28c. Poultry—Heavy broilers. 38S>40c; Leghorns. 304/34c; heavy fowls. 26c; medium stock. 26c; Leghorns. 184719 c; ld roosters, 15/./16c; old ducks. 204/35c Potatoes—lso-lb. sacks round whites Michigan and Wisconsin. $2.50; 110-120-lb. sacks Idaho Russet Burbanks. $2; South Carolina barrels. $4(84.25; Louisiana new 100-lb bags. $2.50.
Indianapolis Stocks
—June 11— Bid. Ask. Amer Central Life 600 Belt RR & S Yds com 70% 72 Belt R R & S Yds pfd 60 Central Ind Power Cos pfd... 99’a 102 Circle Theater Cos com 102% 105 Cities Service Cos com 69% ... Cities Service Cos pfd 10214 ... Citizens Gas Cos com 57(4 ... Citizens Gas Cos pfd 100 102 -74 Commonwealth Loan Cos pfd.. 99(4 ... Equitable Securities Cos com.. 45 50 Hook Drug Cos com 31*4 ... Indian Hotel Cos com 125 ... Indiana Hotel Cos pfd 101(4 ... Indiana Service Corp pfd ... 90 •Indianapolis Gas Cos com ... 60% 62% Indpls & Northwestern pfd.. 15 ... •Inapis P & L 6(is pfd 105 106% Indpls P & L 7s 101 103% Indpls Pub Wei Ln Assn 47% ... Indpls St Ry Cos pfd 31 33(4 Indianapolis Water Cos pfd... 103 Interstate P S C prior lien.. 106 108 Interstate P S C 6s .pfd .... 97(i 99 Merchants Pu Utilities Cos pfd. 101 North Ind Pub Sery Cos 6s ...100 103 Northern Ind Pub S Cos 75...110 Progress Laundry Cos com 30(4 ... E. Raugh & Sons Fert Cos pfd. 50 Real Silk Hos Cos pfd Standard Oil of Indiana .... 74 Th I & E Trac Cos com 1 T H I & E Trac Cos pfd 12% ... T H Trac &Lt Cos pfd 92% 97 Union Trac Cos com .. % Union Trac. Cos. Ist pfd 1 Union l.ac Cos 2nd pfd (4 Union Title Cos com 80 Van Camp Pack Cos pfd ... 6 Van Cambp Prod Ist pfd ... 98 102 Van Camp Prod 2d 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 98 Central Ind Power Cos 6s ....104 Chi S B N Ind Ry 5s 15 Citizens Gas C 5s 105 107% Citizens St R R 5s 89(4 . Gary St Ry 5s 87(4 92% Home T&T of Ft. Wayne 6s. .103 ■ Indiana Hotel Cos 5s 101 Ind Northern Trac Cos 5s 'a Ind Ry & Lt. Cos 5s 976 ... Ind Service Corp 5s 96 Indpls Power and Lt Cos 5s 99 ioo Ind Union Trac Cos 5s .... 1. .. Indpls Col & So Trac 6s 102(4 105 Indpls Gas Cos 5s 101% 105 Indpls & Martins Trac Cos 5s 25 Indpls North Trac Cos 5s .... 13% ... Indpls & Northw Trac Cos 5s 25 Indpls St Ry 4s 66 67% Indpls Trac & Term Cos 5s .... 96 97 Indpls Union Ry 5s 100 Indpls Water Cos 5%s 102% ... Indpls Water Cos Ist 5s 97% ... Indpls Water Cos 4%s 96% 99% Indpls Water Cos 5s 96 99 % Interstate Pub S Cos 4%s 88 ... Interstffte Pub S Cos 5s 98 Interstate Pub S Cos 6%s 105 ... N Ind Pub Ser 5s 99% ... T H I <fe E Trac Cos 5s 50 T H Tr & Lt 5s 96 Union Trac of Ind Cos 6s 13 —Liberty Bonds— Liberty Loan Ist 3%s 100.18 100.38 Liberty Loan Ist 414s 100.98 101.18 Liberty Loan 3d 4(4s 99.90 100.10 Liberty Loan 4th 4)4s 101.68 101.88 U S Treas 4(4s 112.90 113.10 U S Treas 4s 108.02 108.22 U S Treas 3%s 105.20 105.40 U S Treas 3faS 101,18 101.38 —Sales—sl,ooo Cltitzens St R R 5 8934 SI,OOO Cltltzen St R B 5 89% SI,OOO Indpls. St Ry 4 67 GIRL PREVENTS LOOTING Miss, 12, Ignores Guns and Urges on Dog at Burglars. CAMDEN, N. J., June 11.—Helen Wanger, 12, released her dog when she found burglars in her home. She ignored t{ie pistols that were pointed at her and urged the animal to attack the men. The burglars fled, leaving $5,000 in jewelry.
Commission Row
TRICE TO RETAILERS FRUITS Apples—Fancy barrel apples, seasonable varieties. $54/9.50; fancy basket apples, seasonable varieties, $2,754/3, 40 Jbs.; choice box apples, seasonable varieties, $3.50474.75. Apricots—ss.2s crate. Cantaloupes—California, $3.25/8:4.25 crate. Cherries—California, $2,254/3, 8 lbs. Grapefruit—Florida, $44/8 crate. Lemons—California, $74/9 crate. Limes—Jamaica. $3. 100 Oranges—Florida. $74/10 crate; California valencias. $6,754/9.25 crate. Pineapples—Cuban. $3.25@4. Strawberries—Tennessee Aromas, *4. 24-qt. crate; Tennessee Klondlkes, $3.50, 24-qt. crate; New Albany, $3.75, 24-qt. crate. VEGETABLES Asparagus—Green, 90c doz. bunches, white. 65c. Beans—Southern, $3 hamper; Valentines, $2 hamper-. Beets —Fancy southern. $1.50 hamper. Sabbage—Mississippi, $2.75; Alabama, $3 crate. Carrots->-Louisiana, 65c bu.; Texas, $3.50. 10 dozen crate. * Celery—Florida. $5*85.50 crate. Sucumbers—lndiana hothouse, $1.50 box of 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, 11. G.. 65c bu. Onions Home-grown, green. 354140 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 craie; 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.: Teyas 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. $2.50 hamper Tomatoes—Repacked. $5,254/6 25: 6basket crate: lancv Florida originals. $4 <8 5. Hot-house. $2.75. 10 lbs. Turnips— $1.50(81.75 per hamper. MISCELLANEOUS Cider—s4.so 6-gal. case; $4.75 doz. halfgal. jars. Garlic—California. 25c lb.
The City in Brief
Poisoned alcohol is believed responsible for the death of J. R. Vories, 55, Chicago traveling salesman, who died Sunday afternoon in his Puritan Hotel room two hours after drinking liquor delivered by an alleged bootlegger disguised as a garage mechanic. A brother, Dan, Acton, Ind., has demanded an investigation of Coroner C. H. Keever Catherine Merrill Tent, No. ?, Daughters of Union Veterans, wifi serve a chicken dinner to Civil War veterans at Ft. Friendly, 512 N. Illinois St., at noon Thursday, June 14. Flag day. # Vandals entered the vacant home of J. F. Hunter, near Stop 9, National Rd., and completely destroyed the interior. Hunter learned that six men and one woman, called “Betty” by others in the party, visited the home after midnight Saturday night. B. R. Burton, 119 S. Liberty St„ petitioned police today to search for his daughter, Eva Cummins Burton, 16, who ran away from home Saturday. Mrs. Sylvia Simms, 21, of 239 Division St., attempted suicide by taking poison at her home Sunday, but was released from city hospital after receiving a treatment. Her husband, Roy Simms, told police she swallowed the poison after they had had an argument.' Two boys. 13, and one, 14, were held in detention home today, charged with having tried to break into the Twenty-Sixth Ft. beach locker rooms on White River Sunday afternoon. Police believe them to be members of a youthful “gang” that has stolen ammunition from the Riverside Park shooting gallery.
In the Stock Market
(By Thomson & McKinnon) NEW YORK, June 11.—After a week of declining prices one will always hear rumors of possible developments which might influence sentiment* in a bullish way. Such developmnets are quite possible, but developments which do not improve the fundamental conditions that have caused the decline in the market can be but shortlived. This week, w ethink, will be one fruitful of rumors for it is certain that the gossips will seize on anything and everything political to lure traders away from the well founded belief that the market requires further adjustment in a downward direction. We also believe that the money market during the week will be erratic. Member banks will be require dto adjust their position today with the Federal Reserve, while the second income tax installment will be due on Friday. We think it will be a good thing to carefully consider the origin and purpose of each rumor one hears for many are very likely to come to the same fate as recent consolidation plans. Don’t be too credulous, but seize every opportunity in a rising market to liquidate stocks. NAMED ALUMNI HEAD Hoiper McKee, Local Man, Elected in Bloomington. Bp Tim re Bpcrinl BLOOMINGTON, Ind., June 11.— Homer McKee, Indianapolis, was elected president of the Indiana University Alumni Association at the annual association here Saturday. Alumni day was observed as a part of the university commencement festivities. Vice presidents named were Henry Nuchols, New York City; Mrs. Jennie Foster Curry, Yosemite, Cal., and Cecil Weathers, Indianapolis. Arthur Stone, Goshen, was chosen secretary, and Mrs. J. E. P. Holland, Bloomington, treasurer. Uz McMurtrie, Indianapolis, was named executive committee chairman. J. Frank Lindsay, Chicago, was reelected president of the alumni council. Death Notices ADAM, CHARLES H.—Secretary of Indiana Trust Company, passed away at his home. 3058 Fall Creek Blvd.. Monday, June 11; age 66 years. Funeral services at the home Wednesday, June 13, at 2:30 p. m. Burial at Crown Hill cemfitery. CARDINEL. JAMES CURTIS—Age 5 years, beloved son of Mr. and Mrs. James H. Cardlnel. and grandson of Tonv Cardinel, Mrs. Zona Adkins, and Mrs. Ada M. Kern, passed away June 10. Funeral from residence. 809 E. 64th. St. (Highland Court). Tuesday, June 12. at 2 p. m. idavligat saving time). Burial at Union C lapel cemetery.
.TONE 11,1928
296 WILL GET DIPLOMAS FROM EMMTOH H. S. Will Be Graduated Today With Wisconsin Man \ as Speaker. Two hundred and ninety-six Emmerich Manual Training High School seniors wifi receive diplomas at, commencement exercises at 8 p. m. today in Cadle Tabernacle. Dr. Thomas Lloyd Jones of the University of Wisconsin wifi speak. A preliminary musical program ; will be given by chorus, orchestra \ and Girls’ Glee Club directed by Harold E. Winslow and Mrs. Selma ! Zahl Scearcy. The Rev. E. H. Kist- ! ler, pastor of the Fairvicw Presbyj terian Church, will give the invocation, and Theodore F, Vonnegut, school board president, will present the diplomas. A feature of the program will be the announcement of the Holliday college scholarships founded In j honor cf John H. Holliday Jr., forI mer Manual student, who died in I World War service. The awards this year will be made j to Elmer Foster, Robert Howerton, | William Mendell, Lora Meyer, Lewis j Moore, Armon Ries, Esther Silverman. Lora Meyer wifi be given the Riley medal lor having the highest four-year average in the class, 96.8. On the June class roll are: Ruth Adolav. Robert Ahlders, Max Albrecht, Sophia Alpert. Nina Bass, Nadine Barnes, VVhaunita Beach. Robert Bernd. Lola Berrv. Oliver Blake. Margaret Bolinger. Carl Brenner, Arthur Bruhn. Georgia Buck. Virginia. Burks. Herbert Burnett, Carl Burris. Joe Calderon. Elizabeth Capiinger. Harold Cappel Dorothea Carrel, Hazel Carter, Hazel Carver. Ruth Cassady, Helen Collins, Inez Coogan. Ina Cornell, Louisa Covy, Roberta Craven. Jean Davidson. Veneda Dean, Geneil Deane. Enid Dick. Frieda Draeger, Marceta Dukes. Rubv Dunliam, Homer Dup/e. Amelia Eude, Alfred Eiilers, Evelyn Evans. Wayne Farmer Fred Fechtman, Lou;* Flnegold, Animbellc Fisher, Richard Fogarty. George Gerdts. Sol Gernsteln, Roy Gilt, James Gilbreath. Sara Goldstein. Edith Gorenstein. Dorothy Gray. Marv Orltton. Parvin Hagan. Margaret Hamel, Edward Hansen. Dommnrie Harris. Roscoe Harris, Arthur Hartson. Richard Hawthorne Frank Henzie. Gladys Herr, Stella Hllll Grace Hoffman. Fred Hohlt, Lois Hornocker. Violet Islcv. Alice Johnston, Elizabeth Jonea, Malda JUDin. Katherine Kelly. Pearl Kestenbaum, EdKlewitt, Raiah Klammer. Margaret Khpe. Irma Klinefelter, Herman Klinge. Lil an Klueer Harry Kolllnger. louis Kolltnger. Mildred Kord, Kath**4ne Kozakiewcz Harriett Krause. John Kretler, Rose Krieger. Carolyn Lanharn. Lawrence Laughlln. Herbert Leaman. Irving Lleness, Albert Loo. Irene Lucas. Ruby Lyster, Elmer LV7ot.t. ~.¥/ ar ’L nre , .Mail'”. Delbert Mather, Mildred Mathes, John Maupirt. Geoyge 7 J' Mavar. Thelma McCormick. JT 1 *" McNorton, Harry Meikle, William Mendell Elvera Merkle. Dorothea Mever. Trent Michael. Abe Miller. Joseph Miller, Mont .? om <‘ r y an, l Esther Myers. Esther Neesen Wayne Neson, Lillian Nrtt. and Alma Neumann. Ruth Oertel, Marie Oliver and Frank Olsnan. n^ ve^t t t t n Pa ni ick ’ Edna ravy ' Phtl * ) 11ns, Estella Plummer and Mortimer Present, Elizabeth Radcllff, Dorothy Rape. Frank Ray Arthur Rieman, Ruben Risk! Amelia Rose and Esther Roth. William Safrin, Emil Sam, Anna M-tIo ?. a .5 ld< ’ r y JK. n " Sandler. Irma Sehakel. Mllr.red Schultz, James Schwartz. Horace Settle Edward Simmtons, Irene Singer. Harold Slagle. Blaneliard Smith. Eileen Snapp. Kathleen Snider, Elizabeth Sommer. Kathßleen Spear. Florence Stegemiller, Ezra Stewart. Robert Stlegelmever I Stolber Ward storm, Carl IwfckheTmer Y stuckmever aild toma H^ lcl l t Thom l ,,on - R ') ,h Thompson. EdTrultt Throm ’ Harnol( i Totton and Marie Vmer. Dorothy Vaughn, Maxine Vehhng and Josephine Vinci. Ruth Wagener. Lucille Wall. Frances Wallace. Norma White. Charles Whitehead. Paul Whittaker and Richard Witte Harry Zfiiser, Thomas Zimmerman, Betty zintel. The January seniors are: Ralph Adams. Charles Baker. Norbert Baser, Forrest Beeson, Walace Bertrand. Franck! Biemer, Davie Blum, Alfred Brehob. Ronald Bridges. Anna Brisbin. Waldo Bryant Mary Buchanan and Evolyn Byrne. Esther Cambridge. Carl Carev. Catherine Carpenter Corinne Carter. Elsie Cartmell, Marjorie Collins and Eva Coyle. Pauline Daum, Ruth Dawson, Raymond DejuUm Anna Beil Ddph. Sam Dock, Gertrude Dunn and Berthelda Ely. Hermtne Ernsting and Anna Evlston. Marian Fisher. Elmer Foster, Allen Fox and Ervin Franke. Dorothy Gabard. Ruth Gillum, Grace Givan Abe Goldsmith, Lillian Greenberg and Wanda Gresham. Margaret Hamblen. Christopher Hankeme er, Esther Hansen, Donald Hart, Eithel Hntterbnugh, Evelyn Head. Maurlne Heckman EJmer Heger, Fred Henselmefcr, Roberl Howerton and Irene Hughes. Lottie Jackson and Lola Johnson. Elizitbeth Kahl Irma Kattau. Berneta Killd°n. Edna Kirch and Frnnk Koenig Bertha Lammers, Evert Landers, Emory Leader, Lillian Lenowltz. Rose Levin, RobLuessow KWe ’ Hclen and Harold ~F r . I } est \y c ? Il ; oy ’ S°P hie Marks, Isobel Martin. Virginia Martindale. Helen MetLo , a “eyer Everett Moore, Lewis I Moore, Marcia Moorman. | Athena Naum. Charles O’Brien. Frank Otte. Ruth e fceu e,UCy ’ RUd ° lf Pfel!t * r Frederick Resner? Armon Ries, Mildred B Celia Rofcc e i V n R ° lltnßS ’ MUdred Rot * ScJSoTer."l&c Mayme Seim, Frederick Sering, Mary Ellen Shambaugh, Marie Shanks, Frank Shea Helen Shepherd Paitie Belle Shirley. Silverman, James Skinner, Burl Smith Katherine Smith, Helen Smlthey, Elmer Sponsel and Ruth Spreen. y raer o , uise , I Sta ii cey ' Athena Starr, John StelnCe e ?’, ens ar *d Albert Stuckmever ThornonTahoU, Mabel Tate, Esol ta y : lor, Rollle( Taylor and Thomas Toole. y Walnscott, Lola Walton. Lillian Ward, Lee Weis, Alden Wilklng, Mari* Wlson and William Woodruff “ a n a Paul Ziegler and Gretchen Zorn.
15,000 Fire Razes Store CENTER POINT, Ind., June 11.— Approximately $15,000 damage was caused by fire which destroyed the Campbell & Givens general store here today. . 4-Card of Thanks CARD OF THANKS-Wc wish to express our sincere thanks to our friends nno neighbors for kindness and 'vmnathv shown ln the loss of our dear wife and mother; we also thank tha.ftev. Jcffe Tuwns, the singers, pallbearers, flower g rls the undertaker, Mr. Conkle, and all for the many floral tributes. DAILEY HEATON and _CffILDREN Funeral Directors W. T. BLASENGYM Main office. 2226 Shelby St. Drexel 2570, FINN BROS. 1639 N. HOME TA m 5 BERT.-S. OADD~ 2130 PROBPECT BT. DREXEL 6307. George Grinsteiner funeral director. 522 B. Market. Main 0908. G. H. HERRMANN 1722 S. East St. Dr. 4472 UNDERTAKERS. HXSEY & TITUB. 931 N. Delaware. LI. >B2B. KRIEGER, WM. FUNERAL DIRECTOR . 1402 N. Illinois St. Rl. 1243. Res,. Be. 3866-R 1, J. C. WILSON; funeral parlors, ambulance serv.ee and modern automotive eauiDment Pr 0321 and Dr 0322 Lost and Found POLICE DOG—Extra large male, tan. black and white, name "Don.” lost or stolen from Indiana Theater. Reward. Hu. 1519 SORORITY PIN—D. S. E.. Virginia ScHwerklVeng'-aved. Lost downtown. Reward, Ta. 6907.
