Indianapolis Times, Volume 40, Number 39, Indianapolis, Marion County, 26 June 1928 — Page 14

PAGE 14

RAILROAD STOCK FEATORES MART IN LIST OPENING Delaware & Hudson Takes Place in Lead of Group.

Average Stock Prices

Average of twenty bonds Monday was 203.95. up .65. Average of twenty rails was 135.99, up .61. Average of forty bonds was 97.18, up .01. Bu United Press NEW YORK, June 26.— Activity in railroad stock featured the early trading on the Stock Exchange today. Texas & Pacific sold off a point after its sharp uprush of Monday, and its place in the lead was taken by Delaware & Hudson which spurted 4 points to 189 and Atchison up 1% at 1887s. Missouri Facific, St. Louis Southwestern and Missouri-Kansas-Texas were active and higher. Leading industrials were firmer, following the trend of the railroad group. U. S. Steel after opening at 13414, up Vs, moved to 134 Vi, while General Motors gained a point to 172% and Radio rose 2 1 2 to 173 Mail order stocks were in demand as were several specialties, the latter featured by Victor Talking Machine which spurted nearly 2 points to 85 1 2 . Oils, Rubbers Better Oils were better with Pan American B up V> to 42"5. Utilities held steady, rubbers improved slightiy and steels held firm. Trading in early dealings continued quiet, although there appeared to be better buying of the issues which had been under pressure recently. Describing the market, the Wall Street Journal's financial review today said: “Both industrials and rails used in Dow-Jones averages closed at net advances Monday. This firmness in the face of stiff money and bearishness in trading circle was taken as evidence of a sold-out condition in the general list, an indication that was strengthened by the extreme dullness of the market. Most observers felt it would be surprising if some sort of a rally did not develop from existing conditions, even if it was postponed * until money eased up after mid-year settlements. “However, majjy traders with bullish tendencies decided to wait no longer, and a good volume of buying appeared in the eariy dealings, favoring standard industrials.” Advance Continues Stocks continued to advance, and around noon prices generally were 1 to 2 points above the previous closing levels in the principal trading issues. Dealings became more active as the advance progressed. Heavy buying in Anaconda followed the announcement that the Issue had been placed on a $4 annual basis, compared with $3 previously paid. This marked the declaration of the one-hundredth dividend on the issue. Anaconda spurted more than 2 points to 67 U and other copper shares rose in sympathy. General Motors rose nearly 4 points to 174, Radio 2% points to 173 and United States Steel % to 134%.

Banks and Exchange

INDIANAPOLIS STATEMENT 4. ianapolls bank clearings today were 63,907,000. Debits were $7,422,000. NEW YORK STATEMENT B.n T nited Press NEW YORK. June 26.—Bank clearings today wdre $1,270,000,000. The clearing house balance was $109,000,000. „ _ CHICAGO STATEMENT B'U ' nited Press CHICAGO. June 26.—Bank clearings totday were $111,900,000. The clearing house balance waws $6,200,000. NEW YORK BANK CLEARINGS Jt.u United Press NEW YORK. June 26.—Bank clearings wowre $1,270,000,000. House balance was $109,000,000. FOREIGN E&CHANGE B.U United Press MEW YORK, June 26.—Foreign exchange opened lower: Demand sterling, $4.87 5-16 Off .00%; franc 3.92%c, off .00%; lira °® Belga, 13.95%c; marks 23.88%c, off .00%. _ „ LIBERTY BONDS Bel T nited Press r NEW YORK. June 26.—Liberty 3%s opened at 100.7; 3rd, 4%s 100.1. off 1; 4th 4%s 101.25.

In the Stock Market

i Bv Thomson & McKinnon) NEW YORK, June 26.—We think it is safe to say that the stock market is undergoing the severest test which it has been forced to meet in the last few years. We have had tremendous brokers loans, large exports of gold metal and a period of unmatched speculation which brought the highest market valuations in history. Naturally, a combination of these required adjustment to balance the situation. We have recently passed through an income tax period and have just before us the large mid-year interest and dividend requirements. After that, what else? We believe that whatever adjustment may be required in the market is being accomplished now and when completed the signal will be found in the money market. HUNTS STRONG VAULT FOR CITIZEN PAPERS i New American Overjoyed as Lost Certificate Is Returned. American citizenship means something more to Antonio Lagrotte, 126 S. Noble St., than the right to vote. Lagrotte, anew American citizen, lost his naturalization certificate. Greatly worried, he applied to W. A. Kiefer, district naturalization director, for a copy. When the certificate was restored, he greeted It with a kiss. Then he started for a bank to store it in a vault. Kiefer will accept petitions for final papers Wednesday at the Federal Bldg. Final hearings will be held Sept. 27.

New York Stocks (BV'Thomson Sc McKinnon) “

—June 26 I Prev. Railroads— High. Low. 12:00. close. Atchison 189 187'i.189 187 Atl Coast Line..l69 168%* 169 167% Balt & Ohio 107'4 106 V 107V* 106 Canadian Pac ..201 ... 200 199% Chesa & 0hi0...180 178% 178 178 Chi & Alton ... 10% 9% 1014 9% Chi & N West ..80Vi ... 80Vi 79 Chi Grt West... 10% 10% 10‘a 10% C R I & P 113 ... 113 112 Del & Hudson. 192 189 192 * 185 Del & Lacka 133 Vi Erie 53 32 Vi 53 51% Erie Ist pfd 51 Vi ... 51'i 51% Grt Nor pfd 99 ... 99 99 II Central 138 . 138 137% Lehigh Valley . .102V4 101 102V4 100% Kan City South. 47 46 47 46 Lou & Nash ... 144 M K & T 34% 33% 34% 33% Mo Pac pfd 115 Vi 115 115% 115% N Y Central ...171% 170V4 171 170% N Y C & St L 129% NY NH & H ... 57% 56% 57% 56% Nor Pacific 98% ... 98V* 94Vi Norfolk & West .. 177 Pere Marquette. .. 138 Pennsylvania ... 64 63% 64 63% P & W Va 144 Reading 100% 100 100% 99% Southern Ry ...147% 147% 147% 147% Southern iPac.,.120% 119% 120% 119% St Paul . 34% 32% 33% 32% St Paul pfd ... 44Va 43% 44 43% St Us S W .. 87% 80Vi 86% 85% St L & S F 111 ... 11l 110% Texas & Pac ..154% 153% 154 153% Union Pacific.. 192 191 192 190% West Maryland.. 42% 40% 41% 40% Wabash 70% 69% 70 Vi 70 Rubbers— Ajax 7% ... 7% 7’/, Fisk 12 ... 11% 12 Goodrich 39% 69% 69% 69% Goodyear 46% 46% 46% 46% Kelly-Spgfld ... 17% ... 17% 17'*Lee 18v United States.. 30% 29% 29% 30% Equipments— Am Car & Fdy 95 Am Locomotive.. .. ... ... 95 Am Steel Fd ... 52 51 Vi 52 51 Vi Am B Shoe ... 40% ... 4040 General Elec ..145’, 144 145% 144% Gen Ry Signal.. 88% ... 88% 81 Vi Lima Loco 52% ... 52% 53V, N Y Air Brake 41 Vi Pressed StlCar.. .. ... ... 22% Pullman 82 81% 'B2 81% Westingh Air B 43% 43% 43% 43% Westingh Elec.. 92% 92Vi 91% 91% Steels— Bethlehem 53% 83% 53% 83% Colorado Fuel. 54 V, 54Vi 54% 54 Crucible 73 Vi Gulf States Stl. 57 Inland Steel 53 Phil R C & I ... 30 Rep Iron & Stl. 49% ..V 49% 50% Otis Steel 21% ... 21% 21% U S Steel 134% 134% 134% 134% Alloy , ... . . 32 Youngstwn Stl .. 85 ... 85 85 Vanadium Corp 69% 68 69 66% Motors— Am Bosch Mag.. 32% 31 Vi 32 31 Chandler ... .. 15% ... 15% ... Chrysler Corp .. 70 ... 69% 69% Conti Motors .. 11% ... 11% 11% Dodge Bros 13% 12% 13Vi. 12% Gabriel Snbhfs 16% Genen* Motors. .173% 172% 172% 171% Hudson 83% 80% 80% 79% Hupp 56% 55% 55% 55% Jordan ... ... 10% Mack Trucks ... 90% ... 90% 86% Martin-Parry .. 17% ... 17% 17 Moon ... ... 7% Nash 86% 86% 86%a 86% Packard 73% 72% 73 72 Paige 29% 28% 29 28% Peerless 17% ... 17% 17% Pierce Arro 13% .. . 13% 14 Studebaker Cor. 66’, 66% 66’, 66% Stew Warner 84 ... 84 83% Stromberg Carb 5 Timken Bear 117 Willys-Ovarland 21% 21% 21% 21% Yellow Coach 32% 32% 32% 32% White Motor ... 35% ... 35% 35% Mining— Am Smlt & Rfg 188% 188 188% 187 V, Anaconda Cop... 67% 67% 67 67% Calumet & Ariz. 97% 95%, 97% 94% Cerro de Pasco.. 70% 69% 69% 69 Chile Copper ... 45 44% 44% 44% Greene Can Cop. 98% 95% 98% 95’, Inspiration Coj 50% Int Nickel 91% ... 91 90% Kennecott Cop.. 89 87% 89 87% Magma Cop 50% 49 50% 48% Miami Copper... 19%. ... 19% 19% Texas Gulf Sul.. 65% 64 6.6 63% U S Semtl 45Vi ... 45% 45% Oils— Atlantic Gfg 129% 128% 129% 128’, Cal Petrol ... .. 29% Freeport-Texas . 65% ... 65% 65 Houston Oil 121 ... 121 119 Indp Oil & Gas. 25 ... 24% 24% Marland Oil 35 34% 35 34% Mid-Cont Petrol. 28 ... 28 28 Lago Oil & Tr... 31 Vi ... 31% 31 *4 Pan-Am Pet B 42% 42% 42% Phillips Petrol.. 37% 37 Vi 37% 37 Pro & Rfgrs .. 23’, Pure Oil 22% ... 22% 22V, Royal Dutch ... 54 ... 54 54% Shell 26% 26% 26% 26% Sinclair's Oil ... 23 ... 23 22% Skelly Oil 28% ... 28% 28% Std Oil Cal... 56% ... 56% 56 Std Oil N J.... 43% 43 43 * 43 Std OH N Y... 34% 33% 34% 34% Texas Corp 59 ... 58% 58% Transcontl .... 7 3 4 7/§ IV2 7> Industrials— Ady Rumely .... 35% ... 35 35% Allis Chalmers .. H 6 Allied Chemical r 07% 167% no*: 167 Armour A 17% ... 17% 171: Amer Can 83% 82% 83% 82% Am Hide Lea its/ Am Linseed ... .112% ... ii 2 112% Am Safety Raz an Am l'ce 37 ... '37 37 Am Wool 18% ... 18% 18% Curtis 97% 95 97% 99% Coca Cola .. . .. 1551.. Conti Can 96- '65% 96 94 Certain teed . 44% Congoleum 22V, 22 '22 22% Davison Chem.. 43% ... 43% 43 Du Pont 349 ... 349 349 Famous Players .125% 125 125% 124% Gen Asphalt . 71 70% 71 71 Int Bus Mch' ..119 ... 119 1171% Int Cm Engr , 56 Int Paper 70% ... 70% 70 Int Harvester ..260% 255 260% ... Lambert ... ... 106 Lowes . 52 51 % 52 51% Kelvenator 18% ... 13% 13% Kor.tgom Ward .145% 143% 145 143% Natl C R 59% 59 59% 59 Pittsburgh Coal. 45Vi ... 44% 43% Ovens Bottle 80 Radio Corp 172% 170% 172 169% Real Silk 27 26% 27 26% Rem Rand 29% . . 29% 28% Sears-Roebuck .107% 106% 107% 108% Union Carbide.. 143'% ... 143'/, 141 Vs U S Leather ... 44% 43% 44 43V, Univ Pipe .... 18 ... 18 18 U. S s Ir Pipe. 245 244% 245 244 % U S Tndus A1c0.105% ... 105% 105% Wright 133% Woolworth Cos.. .. 198% Utilities— Am Tel & Tel .174% t. 174% 174% Am Express ...180 ... 180 180 Am Wat Wks 55% Btkiyn-Manh T." 61% ... 61 Vi 61% Col G & E .... 105% 105 105% 104% Consol Gas 141% Elec Pow & Lt.. 34% ... 34% 34% Interbo.-o 37 ... 37 37 Nor Am Cos .... 68% ... 68% 68 Not Power 88% 33% 33% 33%' Pub Sv C HJ... 54Vi 53% 54 53 S Cal E 45% ... 45% 4*% Std Gas & El 64 Utilities Power.. 36% 36% 36% 36V', West Union Tel 145 Shipping— Am Inti Corp.. 92 89:% 92 89% Am Ship & Com ... 4V, Atl Gulf * W I. 47 46% 47 45% Inti Mer M pfd 38'% 36'% 38 36% United Fruit ...134 •... 134 134 . Foods— Am Sug Rfg ... 69'% ... 69’i 69% Am Beet Sugar .. ... ... 16 Austin Nichols 5% Beechnut Pkg 34 California Pkg.. .. 70 Corn Products.. 70 ... 70 69% Cuba Cane Su p 21 Cuban Am Sue.. 19'% ... .19% 19% Fleischmann Cos 67V4 ... *67 67 Jewel Tea 100 ... 100 100 Jones Bros Tea .. ... 27% Natl Biscuit 164 ... 164 163% Nat Dairy 76 75% 76 75% Postum Cos 126 Vi 125% 126% 125% Ward Baking B 18% Tobaccos— Am Sumatra ....'56% 55% 56% 54% Am Tobacco ... 157% Am Tob B 158 157% 158 157% Con Cigars., 847s ... 1474 85% General Cigar 61 Vi Llg & Meyers... 85Vi 85 85Vi 84 Lortllard 26% ... 26% 26% R J Reyonlds.. .131 ... 131 130%

CITIZEN SOLDIERS GET FIRST PAY DAY TODAY

Men to Be Given Back Money Spent on Transportation. Citizen soldiers at the C. M. T. C. at Ft Harrison were given their first opportunity to hear pay roll sounded today./ Camp officers arranged to provide the men with their transportation money, spent en route to camp. The regimental parade was held Monday night despite the rain, but the crowd from Indianapolis was greatly cut down. Regimental parades are planned for Thursday and Friday and battalion reviews during July. Seymour Stewart, 728 N. East St., and Robert L. Pond, 3715 Central Ave., were promoted Mondav to rank of sergeants in Company E.

HEAVY RECEIPTS BRING 35-CENT PORKER DECLINE Hogs Generally 20 to 35 Cents Lower With 9,000 Here. June Bulk Top Receipts 19. 8.50® 10.50 10.60 V 8.500 20. 8.*5®110.65 10.75 '7,000 21. 8.65® 10.65 10.75 7.000 22. 8.50 ® 10.65 10.75 7.500 23 8.50di 10.85 10.90 3.500 25. [email protected] 11.25 4,000 26. „ [email protected] 11.05 9,000 The hog top slipped down 20 cents at the local livestock exchange today to $11.05. when the market declined generally 20 to 35 cents. The bulk of 190-300-pound weights sold for $10.90 to $11.05, mostly sll. The supply was higher at 11,000 fresh animals and 420 holdovers. Lambs were steady to 50 cents lower and other material was mostly unchanged in the remainder of the market. Chicago hogs opened slowly around steady with Monday's average.' Several bids on 190-280-pound weights ranged from $10.95 to sll. Strictly choice animals brought bids of $11.05. Receipts were estimated at 27,000, including 500 directs. Packing Sows Steady Dropping 20 to 25 cents, heavy meat animals. 250-350 pounds, sold fpr [email protected], while material weighing 200-250 pounds brought $10.90ft>11.05. dropping the same. Lights, 160-200 pounds, went dow:. 10 to 25 cents, selling at $10.25511 Light lights, 130-160 pounds, were off a quarter on the top at $9.25510 Pigs sold for $7.5058.75, 15 cents lower on the top. Packing sows were unchanged at s9® 10. Beef steers were selling in a slightly narrower range at $13.50® 14.65, in a steady market. The supply was 1,500 head. Beef cows brought s<Lso® 10.50, and low cutter and stock and feeder steers were $8512 Top Lambs Lower Best dealers were $13.505 14.50 In an unchanged market, supplied with 900 animals. Heavy calves brought $7510.50. Top fat lambs were 50 cents lower at sl6 in anotherwise steady sheep and lamb market. The supply was figured at 1,200. Bulk fat lambs went at sls upward. Bulk culls were $9.50512.50, and fat ewes, $5.505 7.50. —Hogs— Receipts. 9,000; market, lower. 250-350 lbs $30.5001105 200-350 lbs 10.90® 11.05 160-209 lbs 10.25® 11.00 130-160 lbs 9.25® 10.00 90-130 lbs 7.50® 8.75 Packing sows 9 00® 10.00 —CattleReceipts. 1.500; market, steady. Beef steers $13.50® 14 65 Beef cows 8.50® 10.50 Low; cutters and cutter cows.. 5.50® 750 Bulk stock and feeder steers.. 8 00® 12.00 —Calves— Receipts. 900; market, steady. Best veaiers $13.50® 14.50 Heavy Calves 7.00® 10.50 —Sheep— Receipts, 1.200; market, steady to lower. Top fat lambs $16.00 Bulk fat lambs 15.00® 16.00 Bulk cull lambs 9.50® 12.50 Fat ewes 5.59® 7.50

Other Livestock r,'t United Press CLEVELAND, June 24.—Hog—Receipts, I, market steady. 10c down; 250-350 lbs.. '*11.25® 11.35; 200-250 lbs.. $11.25®11. 160-200 lbs. $11.15® 11.25; 130-160 lbs., sl.o® 11.25; 90-130 lbs.. s9.so®* 85■ packing sows. $8.75® 9 Cattle—Receipts! 150 Caher,—Receipts, 250, marke. steady; beef cows, $7.50® 9.75; low cutter and cutter cows. $5.50®.7.25; veaiers. $13.50® 18.50. Sheep—Receipts. 400; market steady; top tat lambs. $16.25; bulk fat lambs. $15.50® 16 25; bulk cull lambs, $11.50® 13.50; bulk fat ewews, $4.50® 6.50. United Press EAST BUFFALO, June 26—Hogs—Receipts. 500, holdovers. 1.266; market steady: 250-350 lbs., sll® 11.60; 200-250 ULW' ll.fiO; 160-200 lbs.. sll® 11.60 130-160 lbs.. $10.50® 10.60; 90-130 lbs!. $lO ® 10.oO; packing sows. $8.75®9.50. Cattle Receipts. 100. Calve.s—Receipts. 400; market steady; beef steers, $12.75^14.85; yearling steers and heifers. sl3® 13.50; beef cows. sß® 10; low cutter and ciitter cows. ss® 7.50; veaiers. $15.50® 16 Sheep—Receipts, 300; market steady; bulk fat lambs. $15.50® 16: bulk cull lambs, sll @l3; bulk fat ewes. ss® 7. By United Press CINCINNATI. June 26.—Hogs ReceiDts fc 1 , 00 ;, hoHovers. 677: market bStchers lsd bs ‘ URt - 25 c down: lighter weights 25®50c up. 250-35 0 >hs.. SIO.JS® 11.; 200-250 1b.% 160-200 lbs., $10.50® 11.15- 130160 lbs.. $8.50®. 10.75; 90-130 lbs.. s7® 9 75?r a | C nA nß a'o OWS - $8.25® 9 25. ccipts. 3jo; market, veals steady to 50c boef steers 512014; light steers and heifers. sl2® 14; beef cows. [email protected]; low cutter and cutter cows, $5.50@7 50' veaiers. $11014; heavy calves. s9® 12: bulk stock and feeder steers. $10.50® 11 50 Sheep—Receipts. 1.550; market, good steaedv to 50c up; top fat lambs, $16.50; bulk fat lambs. sl4® 16' bulk culi lambs, $10012; bulk fat ewes, $4®,6. By United Press , PITTSBURGH. June 26.—Hogs—Receipts, 1.000; market, 10® 15c down; 250-35(0 lbs., $10.75® 11.25; 200-250 lbs.. sll® 11.25; 160200 lbs.. $10.50® 11.25; 130-160.1b5.. $9.75® lbs., s9@lo; packing sows. sß® 9.2a. Cattle—Receipts, none. Calves steers, sl2® 14.75: light yearling steers and heifers. $10.50@14; beef cows. s9® 10.75' low cutter and cutter cows, s6®B; veaiers, sl3® 15.50: heavy calves, sß@l3. Sheep —Receipts. 100, market, steady; top fat lambs, $16.25: bulk fat lambs, sl4® 16: bulk cull lambs, sll® 13; bulk fat ewes, [email protected]; yearling lambs. [email protected]. Bn United Press FT. WAYNE. June 26.—Hogs—Receipts, 500: market. 15®25c lower: 90-110 lbs.. $7.25: 110-130 lbs.. $8: 130-140 !bs..s9; 140150 lbs.. $9.35; 150-160 lbs.. $9.60: 160-170 lbs.. $10.25: 170-200 lbs., $10.65: 200-250 lbs., $120.75; 250-300 lbs.. $10.90; 300-350 lbs., $10.30; roughs. *sß®9; stags. S6O 6.50. Cattle—Receipts. 100; market. sls down. Sheep—Receipts. 200; market springers, sl4 down. TWO HURT IN CRASHES Woman Injured When Parked Car Runs Down Incline. When Joseph Brown, 621 W. Thirtieth St., drove by the Leventhal garage; 22 N. Capitol Ave., today a parked car came down the garage incline and crashed into the Brown machine, according to police. Mrs. Brawn, who was riding with her husband, was injured slightly. Elihue Jeffries, 121 W. TwentySixth St., was driving a one-horse ice wagon on Thirtieth St., Monday when he was struck by an automobile driven by'Kenneth Davis, 36, Elwood, Ind. The horse ran away, Jeffries faßing to the pavement. He was treated at city hospital. HEATING HEARING SET Protests on Discontinuing Service to Be Held Wednesday. I Hearing on the petition of the Indianapolis Light and Power Company, to abandon its Alabama and Sixteenth Sts., heating plant will be held Wednesday before Public Service Commissioner Howell Ellis. A cross petition asking for audit of the company’s books, appraisal of the plant and an engineer’s check was filed two weeks ago by citizens protesting the plan to discontinue heating service. !

THE INDIANAPOLIS TIMES

Produce Markets

Butter (wholesale price) No. 1. 47@48c; No. 2. 45@46c lb. Butterfat {buying price)—4sc lb. Cheese (wholesale selling prices, per pound)—American loaf. 34c; pimento loaf. 39c; Wisconsin flat. 30c; prime cream. 25® 27c; flat daisy, 26®27c; Longhorn, 26%@ 27c; New York limberger. 32c r Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off. 24® 25c doz. Poultry (buying price)—Hens. 20® 21c lb.; Leghorn hens, 14® 15c; 1928 spring. IV4 to 1% lbs., 25® 26c; 2 lbs. and up. 28® 30c; Leghorns. 20® 21c; old roosters, large. 12c; small. 10c; ducks. 11c; geese. 8@l0c; guineas, old 35c, young 50c. Bn T T nitrd Press CLEVELAND. June 26.—Butter—Extras In tub lots. 46%®48%c; extra firsts, 43® 45c; seconds, 30® 41c. Eggs—Extras. 34%c; extra firsts. 32%c; firsts, 29®29%c; ordinary. 27. , Poultry—Heavy broilers. 36® 40c; Leghorns. 27@30c; light broilers. 25®30c: heavy fowls 27®28c; medium stock. 27® 28c; Lagbu.ns. 17® 19c; old ducks. 20023 c; geese. 16® 17c. Potatoes—North and South Carolina, bbls., branded, $2.25; Virginia, branded, $2.65. Bu United Press NE WYORK. June 26.—Flour—Dull, but steady. Pork—Dull. Lard—Firmer; midwest. spot, $12.25® 12.55. Sugar —Raw. steady; spot 96 test, delivered duty paid. 4.27® 4.81 c; refined, easier; granulated. 5.8041 6c. Coffee—Rio No. 7 on spot. 15% ®ls%c; Santos No. 4. 23%®24c. Tallow —Quiet: special to extra. B®B%c. Hay— Dull; No. 1, $1.25; No. 3. 80c® $1: clover. 70c® $1.15. Drrr-sed poultry—Steady to firm; turkeys. 25® 47c: chickens. 26® 43c; broilers. 30@43c; fowls. 15® 31c: ducks. Long Island. 23c. Live poultry—Dull, but steady; geese. 10@12c: ducks. 15® 24c; fowls. 23® 28c; turkeys. 20®30c; roosters. 16c; broilers. 20® 45c. Cheese—Firmer; State whole milk, fancy to special. 30® 32c; voung Americas. 26%c. Potatoes—Southern. 75c® $2.25: Maine. $1.25® 1.50; Bermuda. s4®s. Sweet potatoes—Jersey. sl® 3.50. Butter —Firm; receipts. 26.357: creamery extras. 44%c: special market. 45 ®45 %c. Eggs—Steady, receipts. 44,925; nearby white fancy, 3i®39c; nearby State whiles. 31®37c; fresh firsts. 30%®30%c: western whites. 31® 33c: Pacific Coast, 31 @39c; nearby browns. 30%037e.

TRADER IS EXPELLED Member of New York Stock Exchange Faces Charge. Bu United Press NEW YORK. June 26.—Edwin H. Sterm, member of the New York Stock Exchange since Oct. 13. 1910, was expelled from that organization today. The charge against Stern accused him of conduct or proceedings inconsistent with just and equitable principles of trade. According to the formal charge, it was sttaed that on May 3, 1928, while acting as a specialist, after having been tendered an order to buy 5,000 shares of stock 'at the market which he did not accept at the time, he sold to the member tendering him the order. 400 shares of stock which he had on his books at forty and at the same time purchased for his own account the balance of the said stock which he had for sale on his books at forty which amounted to 1.000 shares. “Without having disclosed the fact, he thereafter sold for his own account 1.000 shares of the said stock at 41 to the member who had tendered him the order originally.;’

Commission Row

PRICE TO RETAILERS FRUITS Apples—Fancy bwel apples, seasonable vartetjts. $7.50®9.50. fanev basket apples seasonable varieties. s3® 4.50. 40 lbs wlneshaps. choice box apples, seasonable varieties. $3 50. Apricots—s2.7so 3 crate. Cantaloupes California. $3.7504.50. crate. Cherries—California. $2.25® 3. 8 lbs. Orapefruit— Dunedin Marsh s. *5 crate. Lemons—California. s7® 8. crate. Limes—Jamaica. $3. 100 Oranges—California Valencias. $7f8.25. crate. Peaches—Southern. $2 50. crate. Pineapple—Cuban. *3.50 crate. Raspberries—Black. $4 crate. Strawberries—Aromas, $3.5004. 24 ot. craete. VEGETABLES Asparagus—Green, 85c. doz. bunches, white. 50c. Beans—Mississippi stringless. $2.50. Beets—Home grown. 9Cc doz. Cabbage—Tennessee, poney $2.50® 2.75, crate. Carrots—Louisiana. $1.25 45 doz. Cauliflower—Home grown. $2. bu. Celery—Florida. $6 crate Corn Fancy. Texas. $2 75 bu. Cucumbers—lndiana hothouse. $1 25 doz. Eggplant—H. G.. $2 doz. Kale—Spring. 65c bu. Lettuce—California, $5 crate; hothouse leaf. 65c. 15 lbs. Mangoes—s 2. c -ate. Mustard—Fancy. H. G,, 65c bu. Onions—Home grown, green. 35® 40c doz.; new Texas yellow. $1.75 crate; Texas crystal wax. $1.75 crate. . Parsley—soc doz. bunches. * Peas—Kentucky Telephone: 75c® $1 hamper Pepprrs—Florida mangoes. $3. hamper. Potatoes—Michigan, white. 35c doz. 150 lbs.: Idaho, $2.75. 120 lbs.: Carolina Cobblers. $3.50 bbl.; Alabama Triumphs. $2.25. Radishes—Hothouse, button. 45c doz. bunches; southern long red. 35c doz. Rhubarb —Home grown. 35c doz. Spinach—Fancy Kentucky. 75c bu. Sweet Potatoes—Porto Ricans. $3. hamper. Tomatoes—sl.so. Turnips—[email protected] per hamper.

Local Wagon Wheat

Local grain elevators are paying $1.55 for No. H red wheat. Other graces are ourchased on their merits SUGAR OPENING Bn I'nitril Prrsa NEW YORK, June 26.—Sugar futures opened strong. July. 2.44. up .04; SepU, 2.59. up .04; Dec., 2.60, up .04; Jan., 2.69, up .05; March, 2.65, up. .02; May, 2.72, up .02. Births Girls Mike and Margaret Rajko, 553 W. Pearl. trameft and Irene Waflaee. 712 Payette. Aina and Myrtle Means. 815 Chase. Forest and Zella Weathers, 2621 N. Oxford. George and Grace Walter. 1524 E. Seventeenth. Walter and Gertrude Davidson, city hospital. Austin and Geneva Pass, city hospital. William and lola King, city hospital. Ezell and Lela Marrs, city hospital. Harry and Eleanor Slnnett. city hospital. Virgil and Pearl Betts, city hospital. Sanford and Helen Glvans, city hospital. Boys Lee and Katherine Pierle, 3760 N. Meridian. Crawford and Pearl Pitcher, city hospital Alfred and Ada Meyer, city hospital. Henry and Hattie Brown, city hospital. Sherman and Nellie Watkins, city hospital. William and Cerllda Hopknis, city hospital. Herman and Marie Meyers, city hospital. William and Pearl Malone, city hospital. . Twins Ether and Mandred Johnson, city hospital, girl and boy. Deaths Rebecca E. Kllngensmith. 84. 966 N. Sheffield, acute atrophv of liver. Ltndley M. Pierce. 80. 234 N. Delaware, cerebralhcmorrhage. Rachel Atkins, 83, 1228 Herbert, broncho pneumonia. Clarence Baker, 67. Central Indiana Hospital. chronic myocarditis. Ona Ross. 26. Flower Mission Hospital pulmonary tuberculosis. James McMannis, 36. 1519 Kennlngton. lober pneumonia. Charles S. Beem, 60. 859 W. Thirtieth cerebral hemorrhage. x Alonzo Rabb, 58, Long Hospital, carcinoma. Charles H. Wiese, 56, 4345 College, acute dilatation of heart. Fred J. Koepke, 57, 525 S. Alabama, pulmonary tuberculosis. Hazel L. Sawyer. 35, city hospital, myocarditis. Alberti Charles Metcalf, 69. 1929 N. Pennsylvania, uremia. Pauline Palmore. 18, 522 Drover, pulmonary tuberculosis. Alonzo James. 65. Central Indiana Hospital. arteriosclerosis. Eric Mullis, 49, Methodist Hospital, hyperthyroidism. Charles F. Hamilton. 10. 2100 fa. Washington. fractured skull, accidental. jennie Hines. 51, city hospital, myocarditis. Anna E. Brown. 46. 2636 E-Hfontaine. carcinoma. Herman Swanke. 13, Camp Gridley. drowning, accidental.

PREDICTIONS OF CLEAR WEATHER SENDWHEAT UP All Grains Open Slightly on Chicago Board of Trade Today. £V( United Press CHICAGO, June 26.—Predictions of clear weather in the northwest and southwest sent wheat slightly lower at the opening on the Board of Trade today. Corn and oats were slightly higher. Wheat opened 3 *c off to unchanged: corn was unchanged to %c up; and oats ranged from unchanged to %c up. Provisions were slightly higher. The weather over the northwest and southwest wheat fields was reported clearing but the middle section had more precipitation over night. All sections had temperatures below normal. Five inches of hail was reported at Sydney, Neb. Liverpool was weaker than expected. The corn belt had cool weather ind too much moisture for this season of the year. Oats had excessive rains. Chicago Grain Table —June 26 WHEAT— Prev. High Low 11 p.m. close. July 137’. 1.36% 1.37' 1 1.37 Sept 1.39% 138% 139'. 138% Dec 142% 1.41% 1.42% 1.42 CORN— July 1.02% 1.01% 1.01% 1.01 Sept .98% .97 ,98 .97 Dec. 85 .84% .85 .84% OATS— July 55% .55 .55' j .55 Sept 46% .45% .45% .45% Dec 47% .47'4 .47% .47% RYE— July 1.19% 1.19'4 1.19'2 1.19% Sept 1.17 1.16% 1.16% 1.16% Dec 1.17', 1.16% 1.17% 1.17% LARD- - Julv 12 00 .... 11 95 11.95 Sept 12 35 .... 12.30 12.27 Oct 12 50 .... 1245 12 45 RIBS— July 12.35 Sept 12.72 Bit Times Special CHICAGO. June 26—Carlots: Wheat. 5; corn, 162; oats. 38.

In the Cotton Market

ißy Thomson <fc McKinnon) NEW YORK. June 26.—We have had today In our minds as a date to buy cotton for some time. A lower market for the first hour following a lot of notices would be Just what we want Btiy cotton any wav. We will give approximate amount of cotton to be tendered as soon as possible. Bu United Press NEW YORK. June 26.—Cotton futures opened firm. July, 2.50, off .04; October. 21.82, up .05; December. 21,72. up .09: January. 21.52. up .07; March, 21.37, up .08; May. 21.32. up 08.

The City in Brief

WEDNESDAY EVENTS Purdue Alumni Association luncheon. Severin. Ktwanls Club luncheon. Claypool. Lions Club luncheon, Lincoln Junior Chamber of Commerce luncheon. Chamber of Commerce. Indianapolis Round Table luncheon. Lincoln Lambda Chi Alpha luncheon. Board of Trade Master Plasterers’ Association luncheon. Severin Alpha Eta Pi meeting. Lintpln, 7:30 p. m. * Alpha Beta Phi dinner, Severin, 8 p. m. In response to a letter from Clem J. Richards of Terre Haute, recently elected president of the George Rogers Clark Memorial Commission, suggesting that the State publish a bookleet giving pictures and data on Indiana memorials, tentative plans are under consideration of the State printing board. Governor Ed Jackson has declined the invitation from Col. E. A. Robbins of Camden, Maine, to attend the dedication of the $3,000,000 Carlton bridge, across the Kennebec River at Bath, July 2, extended in the name of Governor Ralph O. Brewer of Maine. The Governor said he had speaking engagements. Arthur J. Bcriault, head of the Beriault School of Expression, Public Speaking and Dramatic Art, will entertain Kiwanis Club member.at the Kiwanis Club luncheon a the Claypool Wednesday. Dallas Galbraith, baritone tenor, will sing, accompanied by his sister, Miss Mary Galbraith. The second safety conference arranged by the Indianapolis Safety Council for owners and drivers of commercial vehicles will be held at 7:45 tonight at the Athenaeum. Henry L. Dithmer will preside and speak. Tom Snyder, secletary of the Indianapolis Motor Truck Association, also will speak. A ticket selling campaign for a two-day frolic and outing in Broad Ripple Park, July 17-18, by the Indianapolis Street Railway employes will start this week. The outing will raise funds for the pension and benefit fund of the association. Center Council, Security Benefit Association, will give a card party tonight at its hall, 116 E. Maryland St., fourth floor. Austin Johnson, 963 Eugene St., was fined $lO and given a suspended sentence of ten days on intoxication charges Monday afternoon. He was arrested following a fight in Blackers Chilli Parlor, 45 W. Ohio St., Sunday night. Johnson is said to have used mustard jars and similar weapons in. an attempt to wreck the place. Otto Kellerhals, son of the superintendent of the prison at Witzwicl, Switzerland, is the guest of J, A Brown, secretary of the State board of charities. Kellerhals is in this country studying penal institution methods, farming and reclamation projects. Alva Thomas and Joe Stulesman were promoted to first grade patrolmen and Irvin Baker was demoted from first to second grade patrolman today by the board of safety. Anaconda Pays $4 Dividend Bf l f'nitrd Pr-*x NEW YORK. June 26.—Directors of the Anaconda Copper Mining Company today celebrated the declaration of the 100th dividend by the establishment of the common stock on a $4 annual basis, against $3 previously paid. A quarterly dividend cf $1 was declared, payable Aug. 20 to stock of record Aug. 14.

Times-Capitol Dairies Scooter Derby OFFICIAL ENTRY BLANK % Name Address Playground near you (give location) I hereby give my official consent to the entry of the above-named child in this scooter derby. I am (his-her) (mother-father-guardian) I am heartily in accord with your plans to keep the children interested in playground and sidewalk play, and to discourage them from going on the street. Name Address ... .* 4 Birthday of child Year Class

Metal Roof Offers Best Guard Against Lightning

I. U. Physics Professor Explains Effect of Bolts. By United Press BLOOMINGTON, Ind., June 26. The one almost certain way to escape being killed by lightning is by living in a house with a metal roof according to Dr. Mason C. Hufford of the Indiana University, physics department. | Lightning, which usually hits ir. an orchard or on building tops, is hard to escape when it aims at human targets, Dr. Hufford says. But | there is one sure protection, he added. “It has been proved that anything placed inside of a metal cor.- | tainer can not be struck by lightning,’’ Dr. Hufford says. “A house with a metal roof on it is about the surest protection for the human being. "But metal roofs can not always be had. A tree, nevertheless is about the worst place to be during an electrical storm. It is much better io be in the open. But as I have stated a metal roof is about the only sure protection.” Dr. Hufford defines lightning as follows: “Particles of water, rubbing against air and against other particles of water cause them to be changed into electricity. When moisture exists it is in a molecule | form, and when the humidity reaches 100 per cent the molecules begin to condense as dust, or electrons that exist. This movement ; causes them to be electrified. As Ihe condensed particles grow in size, the surface on which the electricity resides increases at a less rate than the volume, which causes an increase in voltage. When the voltage gets so high that the resistance breaks down, then the huge spark, or lightning as we call u.. passes from cloud to cloud or from cloud to earth.”

SEND WATSON TO RITES Indiana Senator on Committee to Attend Goodirtg Funeral. But nited Press WASHINGTON. June 26.—Senators Watson, Indiana; Borah, Idaho; Walsh, Montana; Johnson, California; Kendrick, Wyoming:; McNary, Oregon; Shortridge, California; Wheeler, Montana, and Stiewer, Iowa; were named as a committee to attend the funeral service of the late Senator Gooding, who died at his home in Gooding, Idaho, Sunday, it was announced today. MANTELL NEAR DEATH Little Hope Held for Recovery of Veteran Actor. ATLANTIC HIGHLANDS, N. J., June 26.—Little hope for the recovery of Robert B. Mantell, veteran actor, was held today by his physician, Dr. John Boyd. Boyd said Mantell was weaker than he was Monday. The actor is at his country home, “Brucewood,” suffering from a general breakdown. Donates Pioneer Relic By Times Bpceial PERU, Ind., June 26.—A chest used by pioneers of this section for the storage of flour and nAeal has been donated to the Miami County museum by Hal C. Pheips. The chest is said to have been made by Dr. Benjamin Henton, who came here in 1836. It is of poplar, and all dimensions are of a single board, the length being seven feet, width, two feet, and depth two feet.

Rules Are Announced for Scooter Derby Entrants

Rules and regulations for contestants in The Indianapolis Times Capitol Dairies, Inc., Scooter Derby were announced today: Following is the program: 1. Entries must be sent to The Times office on the official entry blank printed in this paper. 2. Scooters are to be two-wheeled, with a wheel-base of not to exceed twenty-six inches, wheels not more than nine inches in diameter, ana handlebars no more than twelve inches wide. 3. Competitors will be divided into three classes: Class A, for girls over 5 years old. Class B, for boys over 5 and less than 9 years old. Class C, for boys over 9 years old and less than 12. No child oer 12 yaers of age June 1 will be eligible to enter. All ages to be determined as of June 1. 4. All children must see tne Instructor at the playground from which they are entered before the day set for the race, to be formerly certified. 5. All entries must be approved Ly the parent or guardian of the child. 6. Entrants who finish first in the eliminations will be assigned to the five Semi-final 'races. Winners of first, second and third places in

ABOLITION OF INDIANA’S TAX BOARDJSKED Park Body Charges Interference in City Affairs. By Timrs Special MUNCIE, Ind., June 26. Abolition of the Indiana State board of tax commissioners will be sought in the 1927 General Assembly, it was decided here at the convention of the Indiana Association of Park Departments which opened Monday for two days. A resolution attacking the board, introduced by Richard Eibel, South Bend, was adopted. It favors abolishing the board because "it interferes with all branches of city government and increases inclination toward centralization of government. Gary was qhosen as the 1929 convention city and the following officers elected: W. P. Gleason, Gary, president: C. Y. Andrews, Peru, first vice president; Adolph Emhardt, Indianapolis, second vice president; Allan J. Wylie, Bloomington, third vice president, and Frank Borman, Gary, secretary-treasurer. Dr. Karl T. Brown, president, appointed the following committees: Legislative—Col. D. N. Foster. Ft. Wavne. chairman: Louis Glueck. Garv; Richard Elbel. South Bend: Dr. Karl T. Brown. Muncie, and Eel Roub Jr., Indianapo'ls Park Maintenance—Walter Jarvis, Indianapolis. chairman; Wood Posey. Terre Haute, and Ward L. Mack. South Bend. Park Administration—W P. Gleason. Garv. chairman; Harry Milligan. Terre Haute, and Allan J. Wylie. Bloomington. Horticultural—George Morgan. Indianapolis, chairman: Adolph Janeicke. Ft. Wayne and Rav Stubbs, East Chicago. Bird Protection—Dr. Earl Brooke. Noblesvllle. chairman; Robert Bradbury. Muncie. and C. Y. Andrews. Peru. Playgrounds—W. J. Rossman, East Chicago, chairman: G. G. Epplv. Evansville, and Carrie A. Snivevl. Ft. Wayne. Exhibits—A. Murray Turner. Hammond, chairman; Dr. Fred Prow. Bloomington, and Herbert Monger. Greenfield.

■MEXICAN HIKES 8.000 MILES FOR SCHOOLING Is Walking to Jk T . Y. Then Back to Los Angeles fofr Scholarship. Bn United Press ST. LOUIS, Mo., June 26.—Roberto Deminguez Carillo, champion hiker of Mexico, who is waikini; nearly 8,000 miles to school, passed through here this week. Carillo. who is but 17 years old was on his way from Mexico City to New York. After a brief rest in the American metropolis he plans to hike back across the continent to Los Angeles, Cal. Upon completion of his hike he will be awarded a scholarship to the University of Illinois, by the National University of Mexico, of which he formerly was a student He carries with him letters ot recommendation from Dwight P. Morrow, American ambassador to Mexico, and from the Mexican government. City Loses $3,100 Suit Bii Times Special LEBANON, Ind., June 26.—The city of Indianapolis lost a two-year-old damage suit when Judge John W. Hornaday of Boone Circuit Court ruled in favor of Dr. Charles R. Sowders, Indianapolis, who received judgment for $3,100. Dr. Sowders was injured when the automobile he was driving struck a traffic tower.

each district semi-final, will be eligible for the final race. 7. Publication of schedules in this paper shall constitute sufficient notice for all contestants. 8. The committee in charge shall arbitrate all disputes. 9. Playground officials -shalKbe in complete charge of the elimination races. 10. Prizes will total SSOO In cash, to be divided as follows: First prize, in each class, SSO. Total, $l5O. Second- prize, each class, $25. Total, $75. Third prize, each class, $lO. Total, S3O. Semi-final prizes. To winners, three classes in five districts, $5. Total. $75. To second place, three classes, five districts, $3. Total, $45. To third place, three classes, five districts, $2. Total, S3O. Special prizes: Fastest time In semi-final races, each class, $25. Total, $75. (In event of tie for fastest time in class, money to be divided. Youngest boy in final race, $lO. Youngest girl in final race, $lO. Address all requests for information, entry blanks, or any other communications r- the derby, to The Scor Indianapolis Tim-:.

JUNE 26, 1928

GRADUATES OF , NEGRO SCHOOLS HEREJUCCEED Reflect Training Under Competent Corps of Teachers. BY J. F. JOHNSON Rating of principals and teachers of the Negro schools of Indianapolis holds a place second to none among the cities of the country, the writer has found through personal contacts in chief cities of the country and from educators’ opinions. Among the students trained by these teachers are Noble Sissle, now in Europe; William E. Scott, noted artist, and Leonard Franklin, a promising tenor of this city. Negro teachers of Indianapolis are trained in some of the best schools for their particular work. The Indianapolis Teachers’ College and Butler and Indiana universities have contributed their quota. Attend Summer School \ In recent years there has been a more general influx of teachers. Opening of Crispus Attucks High School in 1927 materially enhanced the population of local teachers, many from other States. Many of these have enrolled at Butler and Indiana Universities for summer training. During the last year 320 pupils have been graduated from the grade schools and 129 received diplomas from the high school. The teaching staff for these students numbers 217 men and women. The school population is estimated at 35,000, but the total Negro population in Marion County is about 60,000. Wed at Scotts Chapel The marriage of Miss Traquelia Riley, daughter of the Rev. and Mrs. W. H. y ßiley. and Rufus Wharton took place Thursday-night at Scotts Chapel. The service was read by the Rev. Mr. Riley, assisted by Dr. E. A. White and the Rev. D. E. Skelton. The altar was decorated with palms and lighted with cathedral candles. Preceding the ceremony, Mrs. Martha Hill played several numbers and Miss Sarah Hill sang, “I Love You Truly” and “At Dawning.” Miss Vivian Johnson, of Cincinnati, maid of honor, wore a blue dress. Fred Brown was best man and Samuel Fisher, Walter Shockley. Dr. Lucian Meriwether and Oliver Blythe were ushers. The ribbon bearers were Lucile Lee, Anna ,B. Irwin. Abner Dunville and Mildred McCoy.' Bride Wears White Satin Gloria Anne Morton-Finney carried the ring, and Zelma Martin carried a basket of roses. The bride, who was given in marriage by her father, wore a gown of white satin and tulle veil arranged with a cap of lace caught with orange blossoms. She carried brides roses. Following the ceremony a reception was held at, the home of her parents. Mr. and Mrs. Wharton left on a motor trip East and will toe aX home, 371 W. Twenty-Sixth St., after July 9. Start Girls’ Course Summer activities for girls from 8 to 14 will begin Monday, July 2, at the Phyllis Wheatley branch Y. W. C. A. Courses will be offered in handicraft, stories, ' recreation, dramatisation, music, poetry and rules in etiquet. Miss Mae Belcher is secretary. Miss Dora Booth Howard, social worker of Cleveland, who has been visiting her brother in W. Tenth St., left for home, Friday. Mrs. Inez Birt of W. Twen'.ySixth St., spent the week-end with Mrs. Richard Bowers at Columbus, Ind.

Dr. L. A. Lewis, Mr. and Mrs. John A. Patton and Miss Dora Atkins have returned from a visit at Idlewild, Mich. Alabama Man Here Mrs. James H. Waters, who has been living with her brother, W. Twenty-Sixth St„ has returned to her home at 772 Edgemont Av^. Everett White, son of Dr. and ' Mrs. E. A. White, is recovered from j a brief illness. C. K. Bedford, president of tl:a Royal Undertaking Company or Huntsville, Ala., and son, while visiting here were entertained by Attorney Henry J. Richardson. Mesdames Octavia Hammond and Beulah Wiggins are spending the summer in the Alleghany mountains. Mr. and Mrs. William Goodwin, Misses Nettie Walker and Freaonia Bundy are on a motor trip to Ohio. Leave for Chicago Mrs. Helen Batte of Nashville, Tenn., who has been visiting in the city, has left for Chicago with her hostess, Mrs. Celcstine Smith. Following their return Mrs. Batte will return to Nashville, where she teaches. Mr. and Mrs. Murphy Dinwiddle, who attended the funeral of their uncle in Lexington. Ky., returned home Friday. Mrs. Katie Boyer accompanied them from Louisville. The Rev. G. B Taylor of Nashville, Tenn., was the speaker at Mt. Paran Baptist Church, Sunday. He will conclude a series of sermons at the church Wednesday night. The Rev. Charles Bell is pastor. Mrs. W. F. Cannon entertained with a dinner Friday in honor of Miss Edith Evans of Kansas City. Guests were Miss Spaulding Pritchett, Miss Ozela Bass and Attorney Henry J. Richardson. Death Notices KLINGENSMITH. REBECCA E. Mother of Mettle A. Schmidt, passed away Sunday evening at 7:35 p. m.. age 84. Funeial service at late residence. 966 N. Sheffield Ave., Tuesday. June 26. 10:30 a. m. (daylight saving'. Burial Crown Hill. Funeral and burial strictly private, McCarthy. FRANK E.—Age 52 year*, beloved husband of Margaret McCarthy and father of Margaret. Francis and Mrs. John M. Kelly, passed away Monday, June 25. Funeral Thursday. June 28, 8:30 a. m. at residence, 2530 N. Talbott. Services at S3. Peter and Paul Cathedral. 9 a. m. (daylight savingsi. Burial Holy Cross cemeterv. Friends may call at the