Indianapolis Times, Volume 40, Number 42, Indianapolis, Marion County, 29 June 1928 — Page 32

PAGE 32

OPENING PRICES GO UP SHARPLY : IN STOCK MART General Motor Issues Gain ' More Than 2 Cents, Leading List.

Average Stock Prices

■Average of twenty industrials Thursday was 209.63, up 1.21. Average of twenty rails was 137.55, up .31. Average of forty bonds was 97.02, off .04. B’i United Press NEW YORK, June 29.—A further decrease in brokerage loans announced after the close Thursday brought in a large number of buying orders overnight and prices at the opening of the stock market today showed sharp advances. General Motors had a split, opening 10,000 shares at 1881s to 189, up 2t02 Vs points. That stock continued to lead the market in early dealings, rising 3 points net to 189 Vi. Some profit-taking developed in the first •few minutes of trading, but it was quickly absorbed and the whole market moved forward. Radio Makes Spurt Radio spurted nearly 6 points to 185 and reacted 2 points, holding firm at 183. General Electric was very active at 151, up 1%. while independent motor shares such as Hupp, Chrysler and Packard, were in urgent demand. American Can spurted lVi points to 88% in heavy turnover, while Allied Chemical rose more than a point to 173%. Wright and Curtiss both made substantial gains. Describing the market, the Wall Street Journal's financial review today said: “Bullish interests were enthusiastic over the decrease of $110,326,000 in brokerage loans during the week ended June 27. As this reduction was accomplished in a period of rising prices in standard stocks, it was taken to indicate that these issues had been passing from weak hands to people able to take care of their committments With considerably less borrowing. “This evidence of the reappearance of good buying stimulated further sharp gains in the early dealings.” Radio, G. M. C. Lead Radio Corporation and General Motors continued the outstanding features of the market through the morning. Radio crossed General Motors, rising 11% points net to 190%, while General Motors was up 314 points to 189%. Other industrial favorites continued in demand. U. S. Steel rose to 138%, up %, wile Wright Aero was up 7% at 147 Vi, and Curtis, up 5% at 105. Oils were considerably improved. Atlantic Refining spurted more than 3 points to 141, while Richfield gained 214, to 45, and Houston, 4 points to 140. Texas & Pacific was again in urgent demand, rising to anew record high at 157, up 4 points. Money Up to 8 Per Cent 'Bp United Press NEW YORK. June 29.—Ca1l money on the New York Stock Exchange today rose to anew high since Juhe 2, 1921, at 8 per cent. This followed the establishment of a rate of 7% per cent Thursday and was the result of further heavy withdrawals by the banks for the purpose of adjusting their accounts for the mid-year requirements.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings today were, $3,088,000. Debits were, $6,477,000. CHICAGO STATEMENT By United Press CHICAGO. June 29.—Bank clearings today were, $99,000,000. The clearing house balance was, $9,500,000. NEW YORK STATEMENT Bn United Press NEW YORK, June 29.—Bank clearings today were. $1,305,000,000. The clearing house balance was. $150,000,000. The Federal Reserve Bank credit balance was, $114,000,000. TREASURY STATEMENT Bn United Press WASHINGTON. June 29.—The Treasury net balance lor June 27 was. $277,927,015.49. Customs receipts this month to June 27 were, $37,870,599.77. FOREIGN EXCHANGE Bn United Press NEW YORK, June 29.—Foreign exchange opened steady. Demand sterling. $4,87 5-16: francs. 03.92%c; lira. 05.25%c; belga 13.95%c, off .00%c; marks. 23.88%c, Off .00%c. LIBERTY BONDS B’l United Press NEW YORK. June 29.—Liberty 3%s opened at $100.2. off lc; 4th 4%5, slOl.lß.

In the Stock Market

(By Thomson & McKinnon)

NEW YORK, June 29.—Notwithstanding the fact that we have enjoyed a strong and rising stock market for the week’s period on which brokers’ loans are computed, a reduction of 110,000,000 in credit requirements occurred. What is the significance of this? To us it seems a verification of the thought which we have discussed heretofore —that the buying in the market is being done by investors who are not de pendent upon credit accommodations for their purchasing power However, while all this leads ward an optimistic viewpoint foi the future, it would be well to consider that some of the recent buying ts probably for the investment funds to be available after the firrsl of the month, and further that generally improved conditions do not license the belief that we can expect a speculative market until there is additional improvement in the money market. German Cabinet Takes Oatu Bp United Press BERLIN, June 29.—The new cabinet took the oath of office today, and met afterward to discuss the declaration of policy lt will make to the Reichstag Tuesday.

New York Stocks 1 ‘ (By Thomson St McKinnon) ——— —June 29

Prev. Railroads— High. Low. 12:00. close. Atchison 189 188% 189 187% Atl Coast Line 170 ... 170 170 Balt & Ohio 10914 1091a 109 Vi 109% Canadian Pac ..203 202% 203 202 Chcsa & 0hi0... 181% 181 V-a 181% 181 Chi St Alton ... ... 10% Chi & N West 80% Chi Grt West... 11', ... 11'/, 11 C R I & P 114'4 ... 114% 115 Del & Hudson. ,191V4 190 191% 193 Del & Lacka 134 Erie 53 V, 52% 53 53 Erie Ist pfd 51% ... 51 Vi 51% Grt Nor pfd 97% ... 97% 97% 111 Central ....138% ... 138 137% Lehigh Valley 101 Vi Kan City South 49% ... 49% 49% Lou & Nash 145 M K & T 35% 35 35 34% Mo Pac pfd 117% 117 117 Vi 116% N Y Central ....172% 172 172% 174% NY CSt St L.... 130% ... 130% 129% NY NH St H 58% 53% 58 % 57% Nor Pacific 95% ... 95% 95% Norfolk & West 179% ... 179% 176% Pere Marquette ... 130% Pennsylvania .. 64% ... 64% 84% Pit WVI 144 Reading 101 s a ... 101% _ 101% Southern Ry ...149 ... 149 119 Southern Pac ..120% ... 120% 120% St Paul 34% ... 34Vi 34% St Paul pfd 45V, ... 45% 45Vi St L & S W... 86% ... 86 86% St I & S F 113% ... 113% 113% Texas St Pac ..154 ... 154 153 Union Pacific 194% 194% 194", 195 West Maryland.. 424a ... 41 41% Wabash 71% 71 71% 70% Wabash pfd ... 98 ... 98 Rubbers— Ajax 7 3 i ... 7% 7% Fisk 12% 11% 12 11% Goodrich 70 69% 70 69 % Goodyear 49% .. 49% 47% Kelly-Spgfld 18% Lee 18% . 18% 18% United States .. 30 29‘a 29% 29 Equipments-7-Am Car & Fdy.. 97 ... 97 95% Am Locomotive. 99 98 98% 98 Am Steel Fd 54% ... 54V, 53% Am B Shoe... 41 ... 40% 41% General Elec ..151% 150 151 149% Gen Ry Signal.. 89 ... 89 89 Lima Loco 53% ... 53% 53% N Y Air Brake.. 41 ... 41 40% Pressed Stl Car. 23 ... 23 22% Pullman 84 . 84 85% Westlngh Air B. 45 .. 44% 44% Westingh Elec .. 94% 94% 94% 95 Steels— Bethlehem' 56 . 55% 55% Colorado Fuel ~ 58% ... 58% 58% Crucible 73 ... 73 - 73% Gulf States Stl 58 Inland Steel 54 ... 54 53% Phil R C & I 30 Rep Iron & Stl.. 52% 51% 52 51% Otis Steel ... 227', 22% 22% 22% U S Steel 138% 137% 138 138 Alloy 33% ... 33% 33% Youngstwn Stl .. 86 85 V, 86 85 Vanadium Corp. 73% 73 73 72 Motors— Am Bosch Mag. 34 33% 34 33 Chandler 15% 15% 15V, 15% Chrysler Corp.. 71 70V, 70% 69% Conti Motors ..12 ... 11% 11% Dodge Bros 13 ... 13 12% Gabriel Snbbrs. 18 17% 18 16% General Motors. 190% 187% 190 186% Hudson 84% 81% 83% 81% Hupp 59 57% 58T, 57% Jordan 10% Mack Trucks ... 93% 92% 92% 93% Martin-Parry .. 207, 187, 20 18% Moon 7% ... 7% 7% Paige 32% ... 31% 31% Nash 89% 88 89 87% Packard 76% ... 75 74% Peerless 17% Pierce Arrow... 13% ... 13 13 Studebaker Cor. 69% 68% 69% 68% Stew Warner .. 87% 86 87 86 Carb 54% 51% 54 51 Timken Bear .. 122% 122 122 121% Willys-Overland 22 ... 21% 217, Yellow Coach... 34% 33V, 34 33% White Motor .. 37 ... 37 36% Mining— Am Smlt & Rfg 196 194% 196 194% Anaconda Cop. 69% ... 66% 69% Calumet St Ari. 987, 98 .98% 99% Cerro de Pasco. 75% 74% 75 74% Chile Copper . . 45% ... 45% 45Vi Greene Can Cop 107% 105% 105% 1057, Inspiration Cop 227, Int Nickel 95 ... 94% 9*% Kennecott Cop. 90y, ... 90% 90 1 1 Magma Cop ... 53 ... 53 '*53% Miami Copper.. 20 ... 20 20 Texas Gulf Sul. 66% 66 66% 657, U S Smelt .... 49% ... 49% 49% Oils— Atlantic Rfg 141 138 140 138 Cal Petrol 30 ... 30 ... Freeport-Texas.. 68% 68 68% 6774 Houston Oil 140 137% 140 136 Indp Oil & Gas. 25V, ... 25% 25 Marland Oil ... 35% ... 35% 35 Mid-Cont Petrol. 287, ... 287 b 2874 Lago Oil & Tr 32 Pan-Am Pet 8.. 437, 43 % 43% 43Vi Phillips Petrol.. 38V, ... 38% 38 Pro St Rfgrs 25V, Union of Cal ... 49 ... 49 487, Pure OH 23% ... 23 22% Royal Dutch. .. 54% ... 54% 55% Shell 27% ... 2674 97 Simms Petrol 21 Sinclair Oil .... 247, 24 24% 24% Skelly OH 30 % 30 30 V, 30 Std Oil Cal 57% ... 577, 57% Std Oil N J 4374 4374 4374 437, Std Oil N Y 35 34% 35 34% Texas Corp 60 6074 60 59% Transcontl 8 77, 8 8 White Eagle 227* Industrials— Adv Rumely .... 45% 43% 44% 43 Allis Chalmers .119 . 119 11714 Allied Chemical .174 ... 173 172% Armour A 18% 18% 18% 1814 Amer Can 98% 87 V, 83 87 Am Hide Lea 11% Am Linseed ... . 109 Am Safety Raz.. 64 74 ... 64 % 64V, Am Ice 35% ... 35% 38% Am Wool ..... 187* ... 1874 18% Curtis 104 99 74 103 99% Coca Cola 161 ... 16l 160% Conti Can 109 99 100 98Vi Certain teed 44% Congoleum 2374 23 Vi 2471 23% Davison Chem. 46% ... 46% 467, Du Pont 37474 374 374% 370 Famous Players 12674 126 12674 126 Gen Asphalt ..76% 74 76 74 Int Bus Mch ...123 ... 123 122% Int Cm Engr.. 59% 58% 58% 59% Int Paper 75 74 74% 73 Vi Int Harvester .27374 ... 269% 271V4 Lambert 110 109% 110 110 Loews 5374 5274 53 52% Kelvinator lBV'o 15 15% 1514 Montgom Ward 15074 149% 150% 150 Natl C R 60% 5974 60 60 Pittsburgh Coal 49 74 ... 497* 747, Owens Bottle ..80 ... 80 79 Radio Corp 185% 182% 185 17974 Real Silk 27 Rem Rand .... 30% 2974 30 29% Sears-Roebuck ..10774 10674 107 107% Union Carbide ..148% 147 148 147 Univ Pipe 1874 ... 1874 19 USCs Ir Pipe. 247 ... 247 245% U S Leather.... 43% 43% 4374 43V, U S Indus Alco. 10574 ... 10574 1057, Wright 1447, 141 143 139% Woolworth Cos ..183 182% 183 182% Utilities— Am Tel & Tel... 175% 17574 175% 1757, Am Express ....189% 188 198% 188% Am Wat Wks ... 58% ... 58% 59 Brklyn-Manh T. 66% ... 65Vi 68 Col G St E 1097, ... 109 10874 Consol Gas 147 145% 146% 145% Elec Pow & Lt.. 36 357, 36 35% Interboro 41 40% 407, 39% Nor Am Cos 70 69V, 69% 69Vi Nat Pencl 3974 ... 347, 34 Pub Svc N JN... 56 55 5574 54% S Cal E 47% 4674 47% 467, Std Gas & El 66 Utilities Power. . 38 377, 38 38 West Union Tel 145 Am orp.. .1007, 9874 99 100 Am Ship & Com 474 Atl GUli & W I 51 ... 507, 50% Inti Mer M pfd 38% ... 38% 38V, United Fruit 134 Foods—

Am Sug Rfg.... 72 70% 71% 71, Am Beet Sugar.. .. ... ... 16% Austin Nichols 6% Beechnut Pkg.. 72% ... 72% 71% California Pkg 71 % Corn Products.. 72% 72% 72% 72% Cuba Cane Su p 20Vi ... 20 20 Cub-,. Am Sug 19% Fleischuann. Cos. 68% ... 68 68% Jewel let 104% ... 104% 104 Jones Bros Tea 27% 27% 27% 27% Natl Biscuit ... 165% . . 165% 166% Natl Dairy .... 79 78% 79 78 Postum Cos ....128% ... 128 127% Ward Baking B 19 ... 19 19% Tobaccos— Amer Sumatra 54 Amer Tobacco.. 156% 156% 156% 156% Amer Tob B ...157% ... 157% 157 Con Cigars .... 85Vs ... 85Ve 86% General Cigar 61% Lig & Myers.. 85 83% 83 % 84 LorlUard 26% 26 26% 26% R J Reynolds. .131 ... 131 131 Tob Products 8.105% 105% 105% 107% United Cigar St 26% Schulte Ret Strs 55% HUNT DEATH DRIVER Russell Meyers, 16, Is Victim of Hit-Run Car. Russell Meyers, 16, son of Mr. and Mrs. Arthur J. Meyers, 23 S. Belle Vieu PL, died Thursday night in city hospital from serious wounds received when struck by an automobile Wednesday night at Addison and W. Washington Sts. The driver of the machine sped av sty and is sought by police. The boy was hurled more than 100 feet. The victim was a hurdler on the Washington High School track team this spring. He was known to many golfers as a caddy at Coffin course last summer.

ALL LIVESTOCK HERE SELLS IN STEADYRANGE Market Featureless Today With Each Division Unchanged. June Bulk Top Receipts 22. 8.500710.65 10.75 7.500 23. 8.500/ 10.85 10.90 3,500 25. [email protected] 11.25 4,000 26. [email protected] 11.05 9,000 27. 9.25® 10.90 11.00 7.000 28. 9.15® 10.85 10.90 6,500 29. [email protected] 10.90 6,000 Hogs, numbering 6,000 fresh animals and 1,336 holdovers, sold at steady prices at the Union Stockyards here today. The top was $10.90 and bulk material sold mostly for $10.85. Other divisions held virtually steady with receipts numbering about the same as Thursday’s figures. The Chicago market moved slowly at the opening with a few loads of choice 180-260-pound weights selling at $10.65, or around steady with Thursday's best prices. Receipts were estimated at 16,000 animals. Lights Strong: Hogs were mostly unchanged and quotations were as follows: 250-350 pounds, [email protected]; 200-250 pounds, $10.75@10-90; 160-200 pounds. $10.25 10.85, up 10 cents on the low end of the range; 130-160 pounds, s9.2!fra 10. up the same; pigs. 90-130 pounds. $7.50 @8.75, and packing sows, $9 @lO. Cattle prices were unchanged throughout the division whjch was supplied with 900 head. Beef steers were priced at $13.50@ 14.75; beef cows, at [email protected]; low cutter and cutter cows, $5.50@7 50, and bulk stock and feeder steers, sß@l2. Others Unchanged Best vealers sold for $14@15 in an unchanged market today and heavy calves brought s7@ 10.50. Receipts were estimated at 800. Sheep and lambs were steady as well, with the top standing at $15.50. Bulk fat lambs were $14,507/5.50, and bulk culls ranged $9.50@ 12. Bulk fat ewes brought [email protected]. There were about 900 animals brought to the yards. —Hogs— Receipts. 6,000; market steady. 250-350 lbs [email protected] 200-350 lbs 10 75TT0.90 160-200 lbs. [email protected] 130-160 lbs 9.35 10.00 90-130 lbs 7.50® 8.75 Packing sows 9.00® 10.00 Cattle— Receipts. 900; market seady. Beef steers $13.50ft1475 Beef cows 8.50 ft 10.50 Low cutters and cutter cows.. 5.50 ft 7.50 Bulk stock and feeder steers.. [email protected] , —Calves— Receipts, 800; market, steady. Best vealers $14.00@15 00 Heavy Calves ! 7.00(5.10.50 —Sheep— Receipts, 900; market, steady. Top fat lambs $15.50 Bulk fat lambs 14.50 ft 15.50 Bulk cull lambs 9.50 ft 12.00 Fat ewes 5.003/ 7.50

Indianapolis Stocks

—June 29 Bid. Ask. Amer Central Life 650 Belt R R & S Yds com 68 72 'Belt R R <fc S Yds pfd 59% ... Central Ind. Power Cos pfd.... 99' 101% Circle Theater Cos com 102% ... Cities Service Cos com 66 Cities Service Cos pfd 100 ... Citizens Gas Cos com 56 Citizens Gas Cos pfd 100% 103 Commonwealth Loan Cos pfd.. 99% ... Equitable Securities Cos com Hook Drug Cos com 31 ... Indiana Hotel Cos pfd 100 ... Indiana Hotel Cos. com 125 Indiana Service Corp pfd ... 90 Indianapolis Gas Cos com ... 60 62% Indpls St Northwestern pfd... 12 Indpls P St L 6%s pfd 104 105 Indpls P St L 7s ... ..... 100% 104% Indpls Pub Wei Ln Assn 47% ... Indpls St Ry Cos pfd 30 33 Indianapolis Water Cos pfd... 103 Interstate P S C prior lien..loß 110 Interstate P S C 6s pfd 96 98% Merchants Pu Util Cos pfd .101 North Ind Pub Serv Cos 6s ...102% 103% Northern Ind Pub S Cos 75... 110 Progress Laundry Cos com ... 31 ... E. Rauh & Sons Fert Cos pfd.. 50 Real Silk Hos Cos pfd 74% ... Standard Oil of Indiana .... 74% ... TH I St E Trac Cos com 1 ... T H Trac & Lt Cos pfd 74% ... T H Trac & Lt Cos pfd 93 Union Trac Cos com % Union Trac. Cos. Ist pfd 1 Union Trac Cos 2nd pfd % Union Title Cos com 80 Van Camp Pack Cos pfd ...... 9 Van Camp Prod Ist pfd 95 97% Van Camp Prod 2d pfd 90 100 •Ex-dividend. —Bonds— Belt R R St Sty Yrds 4s 89 Broad Ripple Trac Cos 5s .... 78% ... Central Ind Gas Cos 5s 100 ... Central Ind Power Cos 6s ....104 ... Chi S B N Ind Ry 5s 15 Citizens Gas Cos 5s 102 105 Citizens St R R 5s 81% 84% Gary St Rv 5s 85 90 Hofne T St T of Ft. Wayne 6s. .103 Indiana Hotel Cos 5s 101 Ind Northern Trac Cos 5s 5 Ind Ry &LtCo 5s 97% ... Ind Service Corp 5s 95 Indpls Power and Lt Cos 5s .. 98% 100 Ind Union Trac Cc 5s 2% ... Indpls Col St So Trac 6s 102 Indpls Gas Cos 5s 101% 104% Indpls & Martins Trac Cos sst .. ... Indpls North Trac Cos 5s .... 11 14 Indpls & Northw Trac Cos 5s Indpls St Rv 4s 60 65 Indpls Trac & Term Cos 5s .. 94 95% Indpls Union Ry 5s 100 Indpls Water Cos 5%s 101 ... Indpls Water Cos Ist 5s 96 Indpls Water Cos 4%s 96 ..... Water Works Sec 5s 96 99% Inerstate Pub S Cos 4%s 90 Interstate Pub S Cos 5s 97 ... Interstate Pub S Cos 6%s ....101 ... N Ind Pub Ser 5s 100 T H I & E Trac Cos 5s 65 T H Tr & Lt 5s 94 Union Trac of Ind Cos 6s ... 13% 14%

—SALES--10 Shares Interstate P S C 6s 96% 10 Shares Interstate P B C 6s 96 4 Shares Interstate P S C 6s 95 10 Shares Van Camp Prod Ist pfd. 98 SI,OOO Citizens St R R 5s 84 SI,OOO Citizens St R R 5s 83 $2,000 Citizens St R R 5s 82 50 Shares Ind'pTs P & L 7s .104'/a LOST; CLAIMS HE’S 125 But Amnesia Victim Looks Nearer 30; Veteran of 1812. Bit United Press / FOND DU LAC, Wis., June 29. A man called Jerry, who looks 30 and claims to be 125 years old, is lodged in jail here, apparently a vitcim of amnesia. He has been searching for relatives for a long time—so long that he doesn’t remember when he started on his hunt. One thing, he remembers distinctly, is that he was a drummer boy in the war of 1812. TAKES GOLF IN PULPIT INGLEWOOD. CallL June 29. —A golfing pastor, who takes his recreation into the pulpit is the Rev. Dr. Horace S. Cushing of the First Baptist Church here. Sundays find him in the pulpit with his “plus fours” and other golfing requisites very much in. evidence.

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. 26fi27c; Longhorn, 26%@ 27c: New York limberger, 32c. Eggs—Buying piices: Fresh, delivered at Indianapolis, loss off. 25@26c doz. ‘Poultry (buying price)—Hens. 20ft21c lb.; Leghorn hens. 14@15c; 1928 spring. l'/ to 174 lbs., 23®25c; 2 lbs. ad up. 28® 30c: Leghorns. 20@21c; old roosters, large. 12c; small, 10c: ducks. 10c; geese, 8© 10c; guineas, old 35c, young 50c. Bu United Press J MEW YORK. June 29.—Flour—Dull and unchanged. Pork—Steady: mess. $30.50. Lard —Easy; midwest spot. $12.35® 12.45. Sugar—Raw, steady; spot 96 test, delivered duty paid. 4.36 c: refined steady; granulated. 5.90 c. Coffee—Rio. No. 7. on spot, 15%c; Santos, No. 4, 23%ft24c. TallowDull; special to extra, B@BV4c. Hay Dull; No. 1, $1.25; No. 3, 75c@$l; clover, [email protected]. Dressed poultry—Quiet; turkeys, 25(<i 47c; chickens. 26®43c; broilers, 30ft 43c; fowls, 15ft30c; ducks. Long Island. 23c. Live poultry—Steady; geese. 10 ft 13; ducks. 15ft 22c; fowls. 20f;29c; turkeys. 20@25c; broilers, 20@45c. Cheese Steady: state, whole milk, fancy to specials. 30ft32c; young Americas. 26%c. Potatoes—Southern. slftsl.7s; Maine. sl® 1.75; Bermuda, s4@s. Sweet potatoes Jersey, basket, $ 1 3.75. ISSUES SKEEN RULING Judge Explains Restrictions pn Use as Witness. Carl Skeen, 22-year-old butcher boy who faces murder charges, may be used as a witness by the State in liquor cases and questioned regarding booze sales as long as the questioning does not relate to his own case or forfeit his constitutional rights. Such was the text of a ruling made from the bench today by Criminal Judge James A. Collins to correct a false impression gained Thursday that he had forbade bringing of Skeen into Municipal Courts on booze cases until after he is arraigned in Criminal Court on the murder charge next Tuesday. The Judge summoned Assistant Prosecutor Judson Stark, Thomas Whallon, Skeen defense attorney, and reporters into his court to hear the exact statement of his stand' in the case. Skeen is charged with killing Mrs. Pearl Jarboe. 24. a waitress, by shoving ller from his rapidly moving automobile.

In the Cotton Market

ißy Thomson St McKinnon' NEW YORK. June 29.—We thought there might be a little skip between the bu market based on the weather and the bull market based on the boll weevil, but It looked Thursday as if they will dovetail and work together. We will get private condition figures all next week; they will all be bullish Then the Government acreage and that may be bullish too. A lot of new-comers have registered on the bull side, however, and our Indorsement goes only with purchases made on good reactions. Bit United Prrss NEW YORK. June 29.—Cotton futures opened steady. Ju y, 22.47 c off .03; October. 22.68. off 01; December. 22.55. up 02- January, 2.32. unchanged; March. 22 22. up .02; May. 22.12. up .62.

Local Wagon Wheat

Local grain elevator* are paying $1.55 for No. 2 red wheat. Other. grades are purchased on their merits.

The City in Brief

John Kafoory and Roy Layton, both 17. of Cleveland, Ohio, were arrested by detectives prowling around parked cars on N. Capitol Ave., Thursday night. They are said to have confessed stealing hiking togs from a Cleveland shoe store, going to St. Louis and being en route home. They had dynamite caps and fuses taken from a camp near this city, police said. Charles Lewis, 22, Negro, 914 W. Twenty-Fourth St., is held at city prison for alleged theft of an automobile from the Marmon Motor Car Company salesrooms, Eleventh and Meridian Sts. Upon motion of Prosecutor William H. Remy, petit larceny charges against Mrs. Ethel Hammer, Muncie, were dismissed in municipal court, Thursday afternoon. The woman was aleged to have stolen two dresses, valued at $lO9, from the H. P. Wasson & Cos., department store. Remy held that she was irresponsible. Burglars knew what time Clyd? Holmes dined. So when he left his hardware store at 2642 Northwestern Ave., to go home to dinner Thursday night they ‘ entered and took $55 from the cash register. Memorial resolutions are being prepared by the school board to be sent to families of Dr. Frank A Morrison and Charles H. Adams, deceased, former school commissioners. It originally was announced the memorials were to be sent to families of Dr. Morrison and Reily C. Adams. The latter, it was explained, was not a former commissioner. Marriage Licenses Vernon Lee. 21, of 212 Blake St., paperhanger. and Nona Sullivan. 18. of 150 Geisendorff St., Kingan employe. Cleo William Potts, 25. of 1416 Main St.. Beech Grove, machinist, and La Vina Lyons. 21. of 59 N. Ninth St.. Beech Grove, salesperson. Charles Louis Chevrolet. 22. of 26 W. Thirty-Sixth St., mechanical engineer, and Anne Jane Blessing, 23. of 721 E. FiftySixth St., credit investigator. Jacob Van Dyke, 23, R. R. P. box 197, Ford employe, and Catherine Bloemhof, 20. of 3621 Stanley, teacher. Henry S. Smith, 28. of 819 Union St., glassworker, and Velma Elders, 22, of 277 Union St., clerk. Norman Whillow, 24, of 712 Douglas Bt., laborer, and Dorothy Morris, 20, of 156 W. Sixteenth St. Glenn Aaron Nagley. 22. of 961 W. Twenty-Ninth St., printer, and Anne Wilma Rantenen, 20. of 961 W. Twenty-Ninth St. Ben Posself. 23. of 769 N. Holmes, baker, and Josephine Georgeff, 19, of 773 N. Baugh, housekeeper. Horace J. Heever, 21, of Speedway City, and Mary Anne Consamus. 19, of 2719 Cornell Ave.. beauty operator. Edmond Matthew Kipper, 20. of 3824 E. Tenth St., Ironworker, and Ethel Selma Miller. 17, of 4310 E. Eleventh St., stenogra^Ve e ddell A. Purkey, 37,' of 1933 College Ave., railroad conductor, and Ardella B. Scott. 28. of 1933 College Ave., millworker. Albert Victor Barr, 31, of 1651 English Ave., assistant credit manager, and Helen Juanita Kirkpatrick, 23, of 2126 Webb St., stenographer. Albert Robert Svendsen, 20. of 1433 N. Holmes. Jeweler, and Charlotte Evelyn Ward. 18, of 722 N. Belle Vieu PL. typist. Milton Johnson. 30, Bloomington, fireman. and Edna May Foote. 30, of 720 Fayette St., elevator operator. Clarence J. Koons. 24, of 32 E. Regent St., and Mabel B. Qtt. 26. of 2238 S. Meridian St., salesperson. Albert J. Oelschlager, 71, of 1108 Church St., cabinetmaker, and Anna May Murray, 54, of 2225 E. Washington, cook. SUGAR OPENING By United Press NEW YORK. June 29.—Sugar futures , opened firm. July 2.50. up .01; September. .262. unchanged; December. 2.73, unchanged; May, 2-73, unchanged.

GRAIN FUTURES DISPLAY LITTLE CHANGE IN PITS Corn, Oats Rise Fractionally and Wheat Opens Irregularly. Bp UnitedJ*rcss CHICAGO, June 29.—Wheat was irregular on the Board of Trade today, but showed little change from Thursday’s close. Corn and oats were fractionally higher. Wheat opened ’/ic off to %c up; corn was % to ’4c higher, and oats was up 14 tof %c. Provisions were unchanged. Celar weather is in prospect for the Southwest wheat belt and harvesting on a large scale is expected to start soon. The spring wheat crop is doing well, but an average yield is unlikely because of prolonged dry spells that have hindered the crop. Traders are awaiting the report on private exports, which will be issued next Monday. July corn jumped at the close of trading Thursday as the result of heavy rains over the belt. The deferred deliveries were slightly easier, .lowever, in view of favorable weather reports. The belt had more heavy rains over n’ .t. Traders have bee.) showing little interest In oats, ana .hat commodity continues to be cl lefly influenced by the other grains. The belt had more precipitation Thursday. Warm, dry weather is needed in most sections. Chicago Grain Table —June 29 WHEAT— Prev. High. Low. 12:00 close. Jhlv 1.36% 1.36 1.36% 136% September .. 1.39% 1.38% 1.39 1.39% December ... 1.43 1.42% 1.43 1.42% CORN— i Julv 1.07% 1.05% 1 07% 1.05% September .. 1.03 1.01 1 02% 1.01 December ... .87 .86 .87 .85% OATS— Julv 55% .54% .55 .54% September .. .46% .46 .46% .45% December ... .47% .47% .474 .47% RYE— July 1.19% 1.18% 1.19 1.19 September .. 1.16% 1.15% 1.16% 1.16% December ... 1.17% 1.17 1 17% 1.17% LARD— Julv 12.07 12 02 12.07 12 02 September .. 12.42 12.37 12.42 12.37 October 12.60 12.55 \ 12.60 12.55 RIBS— .. .. Julv .... .... .... 12.50 September .. 12.82 12.72 12.80 12.70

Bit Times Special CHICAGO. June 59 —Carlota; Wheat. 3 corn. 67; oats. 16; rye. 0.

Commission Row

PRICE TO RETAILERS FRUITS Apples—Fancv barrel apples, seasonable varieties. $7.50ft9.50. fancv basket apples seasonable varieties. $3ft4.50. 40 lbs.; wineshaps. choice box apples, seasonable varieties. $3 50. Apricots—s2.7s@3 crate. Cantaloupes California. [email protected]. Cr cherrles—California. $2.250 3. 8 lbs. Grapefruit—Dunedin Marsh's. $5 crate. Lemons —California. 97ft 8. crate. Limes—Jamaica. $3. 100. Oranges—California Valencias, [email protected], crate. Peaches—Southern. $2 50. crate. Pineapple—Cuban, $3.50 crate. Raspberries—Black. $4 crate Strawberries —Aromas. $3.50@4. 24 at. craete. VEGETABLES Asparagus—Green. 85c, doz. bunches, white, 50c. Beans—Mississippi stringless. $2.50. Beets—Home grown. 95c doz. Cabbage—Tennessee, ponev [email protected]. 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. $1.35 doz. . Eggplant—H. G . $2 doz. Kale—Spring. 65c bu. , Lettuce—California. *5 crate: hothouse leaf. 65c. 15 lbs. Mangoes—s 2. crate. Mustard-Fancy. H. G.. 65c bu. Onions—Home grown, green. 35 @ 40c doz.; new Texas yellow. $1.75 crate; Texas crystal wax. $1.75 crate. Parsley—soc doz. bunches. Peas—Kentucky Telephone; 75c@$l hamper. , Peppers—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—Fancv Kentucky. 75c bu. Sweet Potatoes—Porto Ricans. $3. hamper. > Tomatoes—sl.so. Turnips—[email protected] per hamper. Miscellaneous Cider—B4.so. 6-gal. case; $4.75, doz. %- gal. jars. Garlic—California. 30c lb. . Births Boys William and Jennie Higgins. Methodist Hospital. Wiliam and Mary Lottes, Methodist Hospital. Ralph and Eliza Fields. 1710 Kelly. Oscar and Nondas Baker, 2918 Brookstde. Dell and Lavena Barker, 1361 N. Hardnfiobert and Mildred Haris, 911 Roach. Eugene and Grace Mack. 2214 Kenwood. Ernest and Frieda Altopp. 5202 Burgess. William and Viola Thompson, 225 S. Audubon. Lawrence and Mary Wllkerson, 525 N. Lynn. Girls Dovle and Mary Rowland, Methodist Hospital. I William and Bessie Ferguson. 1054 W. Twenty-Sixth. Jack and Mary Smith, 1247 Massachusetts. „ _ Frank and Nellie McHenry, 842 N. Beville. Sebert and Lola Milligan, 1629 SomBonifare and Honora Wilson. 1406 Hoef--Beposeveposev and Mabel Hylton. 918 N. Bellevleu Place. Deaths Eber Teter, 82. Long Hospital, chronic myocarditis. _ _ „ . Kate Girdner Stout, 73. 1949 Bellefontalne. carcinoma. Lillian L. Throm, 57, 378 Prospect, lobar pneumonia. Sadie Boggs, 76. 35 N. DeQuincy. carcinoma. ... Rose Masse. 59. 725 N. Alabama, chronic tuberculosis. Carl D. Berkholz. 69. 1710 Thaddeus, arterto sclerosis. .. ... Lucy Martin, 50, city hospital, chronic myocarditis. Building Permits B. J. Bertha Evans, addition, 1320 N. Chester. $2,000. Puritan Finance Company, dwelling and garage. 1228 N. De Quincy. $3,150 Puritan Furnace Company, dwelling and garage. 254 Hoefgen. $3,150. Puritan Finance Company, dwelling and garage, 250 Hoefgen. $3,150. Mary Breadheft. store front. Tenth and Jefferson. SI,BOO. . Dr. C. D. Ryan, furnace. 3834 E. Michigan. S2OO. , „ „ Dr. C. D. Ryan, furnace. 509 Bradley. S2OO. Albert J. Bell, reroof. 2338 N. La Salle. $465. Clem Huber, furnace. 2021 Lawton. $250. Frank Scruggs, garage, 440 W. TwentySixth, $250. A. C. Bradley, basement. 1501 Blaine, Murphy, reroof, 3007 Washington Blvd.. S2OO. M. Moorehouse, reroof, 3842-44 E. Michigan. $220. , 4 Dunlop & Holtegel, agents, garage. 2030 Park. $435. J. T. Roberts, dwelling and garage. 1209 Markwood. $2,650. A. D. Stanley, garage, 917 E. Forty-Sixth, $1,700. Edward Rose, teroof. 30 N. Gray. S3OO. B. F. Swarthout. dwelling and garage. 1108-10 N. Denny. $3,500. W. N. Mohler. dwelling. 1438 N. Grant. $3,100. W. E. Holler, dwelling. 1329-31 N. Chester. $3,000. Rav Albertson, wreck dwelling. 3557 N. Meridian. $350. W. D. Coopst.ck, reroof. 2033-35 Dexter. $220. A. Goldberg, dwelling and garage. 1549 Finley. $2,050. A. Goldberg, dwelling and garage, 1601 Finley. $2,050

Dean of Air Mail Pilots Finishes 13 Years’ Flying,

c lated on his thirteenth anniversary .11 #4)% of flying by Warren R Vine. 22, Cin-

PIT CASE SET FOR SATURDAY Gravel Company to Test Boulevard Ruling. Federal Judge Robert C. Baltzell will hear the petition of the State i Sand and Gravel Company for an injunction restraining the park board from prohibiting a gravel pit between Eleventh and Fourteenth Sts., on White River Pkwy., west drive, at 10 a. m. Saturday. yhe gravel company filed the action in Federal CouK after the park board refused permission for the gravel pit, which is within 500 feet of a boulevard. About fifty property owners protested the proposed pit in the vicinity of a school. The case is the first time the authority of the park board to govern commercial enterprises within 500 feet of a boulevard has been raised in Federal Court. The decision will involve the constitutionality of the zoning law. since the tract is zoned for residences. The park board granted Frank A. Throop permission to build a $235,000 apartment at the southwest corner of Pennsylvania and ThirtyEighth Sts., Thursday afternoon. The resolution to buy (he tract north of the Delaware St. bridge approach was confirmed and a committee of Park Engineer J. E. Perry, President John E. Milnor and Attorney Edward Raub was named to investigate the value of the property. The two block tract is said to have been priced to the city by Mead-Balch Realty Company for more than SIIO,OOO. FARMERS COOPERATING WITH PURDUE IN TESTS Value of Using Earlier Corn Variety Among Objectives. Bu Times Special LAFAYETTE. Ind., June 29. Farmers in a number of Indiana counties are co-operating this year with Purdue University in a series of. corn variety and fertilizer demonstrations. The demonstrations, arranged by Assistant County Agent Leader L. E. Hoffman, together with agronomists, local county agents and leading farmers have been planned to show the value of using an earlier corn and the proper kind of fertilizer to hasten crop maturity. Experiences the last few years with soft corn In the north part of the state have demonstrated the necessity of getting an earlier corn which at the same time may yield as much or more than the kind now in use. Five of the demonstrations have been arranged in Allen county. Wells and Whitley counties have four each and the following have three each: Elkhart, Dekalb, Adams. Huntington, Jay, Wabash, Steuben and St. Joseph and Noble. Two each have been arranged in Marshall, Randolph and LaGrange, and one in Kosciusko county. JAPANESE DRIVER HURT Auto Hit By Inbound Lebanon Traction Car. t Making a left turn In his automobile and driving it directly upon the tracks before an inbound Lebanon traction car, James Sakuyan, 27, Japanese, 410 W. Tenth St., was injured in the crash at Senate Ave. and Pratt St.. Thursday night. His condition was fair in city hospital today. Russell Powell, Lebanon, motorman, told police it was impossible to stop his car. NAVAL PAPERS STOLEN Documents Are Taken Out of Officer’s Car. Esj United Press HARTFORD, Conn.. June 29. Theft of naval documents from an automobile of Lieut. John F. Wegforth. United States Navy, has been disclosed here. Hartford detectives are without clew to the theft which was committed Tuesday. Wegforth, who with several other officers had been studying airplane motors at the Pratt and Whitney factory, said loss of the papers would be very “embarrasing.” The documents were in a valise in the back of the car. Storms Rage in Rumania B,y United Press * ■ BUCHAREST, June 29.—Severe storms in thp provinces have done serious damage to crops and are reported to have caused several deaths. t

Bob Shank Is Greeted on Anniversary by Youngest Man in Service. Bob Shank, Indianapolis, oldest living air mail pilot, was congratulated on his thirteenth anniversary of flying by Warren R. Vine, 22, Cincinnati, claimant to the title of the youngest atf"mail pilot. Shank, president of the Hoosier

airport, Indianapolis, bought his first plane from the old Chicago air works in March, 1915. He made his first trip without instruction, but two narrow escapes convinced him of the necessity of instruction. Wi’h Eddie Stinson, who’taught him to fly, Shank went as an instructor at San Antonio, Texas, a vear later, becoming Stinson’s partner in an air school at Houston. Instructor in Texas In August, 1917, he became an aviation instructor at Kelley field, later being transferred to Love field, Dallas. When the armistice was signed, he and Max Miller, Morris A. Newton and Edward V. (Turk) Gardner answered the Government’s call for air mail fliers. Shank resigned from the air mail service in April, 1919, when his complaint that the antiquated postoffice planes were unsafe had been answered, he says, with “We expect to kill a few pilots in getting the air mail started.” Flying Pals Killed The other members of the original quartet have been killed. Vine has flown the Cincinnati-Indianapolis-Chicago air mail route, operated by the Embry-Riddle Company, Cincinnati, since last December. He began flying about three years ago. Shank operated a flying school at Huntington. W. Va.. for several years, selling the school to come here in December and open the Hoosier airport with Harold C. Brooks, also a former Army aviation instructor. WOMAN BURNED, FIGHM MATE Couple, Babe Showered by Acid in Scuffle. In a scuffle which followed an attempt of her husband to takA a bottle of carbolic acid away from her, Mrs. Hollen Pruitt, 825 N. Bradley St., was badly burned at 5 a. m. today. Pruitt and their daughter, Rosemary, 2. also were burned slightly. Mrs. Pruitt was taken to city hospital. She and her husband quarreled Thursday night when another married couple visited them, Mrs. Pruitt said. This morning, she said, she was going downstairs with the acid bottle in her hands when Pruitt attempted to grab it from her. They scuffled and fell to the floor. After the accident her husband left, Mrs. Pruitt said. Both the wife and Miss Louise Wood, 3616 Orchard St., a witness, said Pruitt did not intend to splatter his wife with the acid. WINKLER CONFERS WITH MAYOR, POLICE CHIEF Report New Move to Enforce Dry Law at Ft. Harrison. George L. Winkler, Federal dry administrator for Indiana, conferred with Mayor L. Ert Slack and Police Chief Claude M. Worley Thursday afternoon. It was presumed Winkler discussed the enforcement of the dry law in vicinity of Ft. Benjamin Harrison with the city officials. Winkler said he assigned two “under cover” men to the Fort. Worley and Slack assigned city police to the Fort although it is outside the corporate limits, after Fort officers said Sheriff Omer Hawkins failed to assign deputies to “take precautionary steps” against bootleggers. Winkler said District Attorney Albert Ward ordered cooperation with the Fort. The sheriff has since declared he will cooperate. MASONS PLAN OUTING Will Hold Annual Picnic at Northern Beach Saturday. Calvin W. Prather Lodge, No. 717. F. and A. M., and affiliated bodies, will hold their annual picnic Saturday afternoon at Northern Beach. Carl A. Ploch, worshipful master, will be master of ceremonies. His assistants will be Earnest Piez, George Drecjsel, William Arthur Sanford, W. H. Sanford, Fierce E. Cummings, Harry Boetcher, Alvin H. Turner and Charles Mann. 24 Killed in Train Crash By United Press DARLINGTON, England, June 29. —Deaths in a collison between a fast excursion train and a freight train had reached twenty-four today. Eighteen of the victims were women.

.JUNE 29, 1928

TREASURE HUNT IS ENTERED BY 55 AT ATTUCKS Vacation Reading Contest Popular; Other News of Negro Colony. Great enthusiasm is being shown in the “Treasure Hunt” Summer Vacation Reading contest, which opened June 15 at the Attucks branch library. Fifty-five children have entered and 164 books have been read. | Herbert Sewell. 8B grade, School No. 17, who has reported on thirteen books, heads the honor roll, while: Kenneth Reid and Booker Hughes hold second and third places respectively. ( l‘l Belong to the Public Library Reading Club” buttons are given to each enti_.nt and diplomas will\|be given to every child who finds ten or more treasurers before the close of the contest Sept. 10. " Mrs. Lillian Childress is librarian. Payne-Fauntleroy Wedding A pretty wedding took place at 4 o'clock Wednesday at Bethel A M. E. church, French Lick, when Miss Daisy A. Payne, daughter of Mrs. Mary Payne, became the bride of Byron J. Fauntleroy, son of Mr. andUMrs. William Fauntleroy of Evansville. Before an altar banked with roses and ferns, the service was read by the Rev. H. C. Morman. While the guests were assembling, bridal airs were sung by Sirs. Lucretia Mitchell of Indianapolis. The bride's only attendant was her sister, Miss Thelma Payne, who wore a dress of pink tulle and ribbon, and a large picture hat. She carried an arm bouquet of butterfly roses. Herman Fauntleroy, brother of the bridegroom, was best man, and Walter and Vemont Payne were ushers. Reception Is Given The bride, who was given in marriage by her brother, William Payne, wore a gown of white satin Her veil, which was imported, was caught with orange blossoms, carried a shower bouquet of brides roses. A reception followed at the bride’s home, after which the couple left for a wedding trip. Among the 4 guests were Mr. and Mrs.' William Fautnleroy and daughter, Margaret. Evansville: Mrs. Sara Meriwe@thei and Miss Frances Bishop, Ind.; Mrs. W W. Wilson and Mary E. Black, Louisville; IvdMMH Murray and Dora Atkins, ’’lesci W. E. Brown, W. S. Jonts, I-JgjHH Simpson and Lucretia dianapolis. nfi The bride is a teacher in dianapolis public schools member of the Alpha Kappa Fauntleroy Is a teacher Evansville schools and a of the Kappa Alpha Psi. Pastor Named TreasuratfjffifpJ The Rev. S. B Butler, Mt. Zion Baptist Church, recently returned home, was elected treasurer of the national Baptist Sunday School congress at Milwaukee last week. Five thousand delegates were present. Other officers elected were: President, the Rev. J. W. Jemagin, Washington, D. C., and recording secretary, H. P. Simms, Wichita, Kans. Special services will be held at Mt. Zion Baptist Church Sunday, Mr. Butler’s morning sermon being “Victory of Christianity.” Communion services will be held at 3 o’clock. The evening program, conducted by the senior and gospel choirs, will include a special organ number bv Randall Young. The faculty of the School of Music will entertain a miscellaneous shower at hHsl Walker Casino, Monday, JulH|9 from 4 to 6. in honor of Lucretia Mitchell, whse John Love, New York take place in Hartford, 17. Stunts and special be given by each Personal News Mesdames Mary Auter and Thompson motored to ChicagffjgffTjj the week-end. Jr9 gf Misses Elizabeth Fisher Emma Mae Brown are spendinlppag summer in Pine Woods, Nti c Miss Frances Stout is summer school at State Indu College, Savannah, Ga. The Unity female quartet sing at the Masonic Hall. Ind., Sunday. The members Mesdames Bertha Boyd, 1 Parker, Helen Board and Mays. Mrs. Bertha Wright is Accompanist. $ Mrs. Ellen Marbury was called to McMinnville, Tenn., on account of her brother’s death. She was accompanied by her grandson, Jaynes Oliver Martin. Mesdames William Gardner. Gertrude Gardner Martin and Bessie . Rhodes are spending the summer I in Los Angeles. Dr. E. A. White and son are spending a few days in Cincinnati. Mrs. White, who has been visiting in Mays ville, Ky., will motor home with them. Mrs. Willa Mae Martin, attendance supervisor of Cairo, 111., schools, is visiting her aunt, Mrs. Sadie Young, in Boulevard PI. Mrs. Martin will spend some time with her son, Marion A. Martin of this city, a student of the Illinois University School of Medicine. An all-star musical will be tglvm at the Union Tabernacle BpptlaJ Church tonight. Mesdames IVioiH Wilson and R. W. Chamble* wil sing solos. The Rev. R. D. Leonard is pastor. \ A Sunday School rally will be held at the Macedonia BaptisL Church Sunday afternoon. \ ThJ Rev. B. J, Westbrooks is pas ton. CITY WINS GARB Injunction Bars Collection by Unauthorized Persons, City sanitary department won its* fight against garbage collection by unauthorized persons, in an order of Superior Judge Linn D. Hay Thursday. A temporary injunction was Issued prohibiting Edward , Smith, Edward Minger, F. Alexander and George E. Harvey for makingJ such collections, I