Indianapolis Times, Volume 40, Number 41, Indianapolis, Marion County, 9 July 1928 — Page 12

PAGE 12

MARKET OPENS WITH RUSH OF BUYINGIN LIST Prices Continue to Improve as Leaders Score Substantial Gains.

Average Stock Prices

Average of twenty industrials Saturday was 213.55, up 1.06. Average of twenty rails was 139.83 up .52. Average of forty bonds was 97.24, off .12. Bu United Free* NEW YORK, July 9.—Prices continued their improvement at the start of the week and substantial gains were scored in early dealings by principal speculative leaders under the strength of General Motors, which rose to anew high on the movement. Mail order and chain store issues ■were in broad demand, gains of around a point each being made by Montgomery Ward, Sears Roebuck and Kroger Grocery. Kresge also moved up sharply. Radio Corporation was the sole exception to the upward movement, selling off nearly 2 points on the initial transaction, but quickly rallied to around the previous closing levels. Oils.in Demand Oils were in better demand under the leadership 'of Sinclair and Indian refining, both of which sold at new highs on the movement. Standard Oil of New Jersey and PanAmerican B were active and strong. Rails continued to move up under the leadership of Missouri-Kansas-Texas, which sold at 39 for the first time in several months. Western Maryland was also sharply higher. Describing the market the Wall Street Journal's financiad review today said: ‘‘Hot weather in widespread areas over Sunday caused a rush at the start of the new week to buy stocks affected by seasonal conditions. Montgomery* Ward rose to the highest price of its history while SearsRoebuck reached highest levels ever attained by present shares. American Ice was another issue which was stimulated by high temperatures. Steel Leads Activities Vigorous buying activities continued in the speculative leaders around noon under the leadership of United States Steel, which rose to anew high since the June reaction. General Motors, Allied Chemical and other industrial issues were in broad demand, while special stocks like Fox Film A and Hudson Motor rose sharply. Oils continued to improve under theh leadership'-of Indian Refining and Sinclair, following an upward revision of Pennsylvania crude oil prices. Atlantic Refining, however, sold off nearly a point on small transactions.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearing today were $4,522,000. Debits were $7,336,000. NEW YORK LIBERTY BONDS Bu United Press NEW YORK. July 9.—Liberty 3%s opened at $100.1; Ist 4%s $101.6. off 12; 3rd 4%5. $100.16; 4th 4V4s *101.24. off 2. FOREIGN EXCHANGE Bu United Press NEW YORK, July 9.—Foreign exchange opened irregular. Demand sterling, $4.86 11-16; francs 3.91 15-16 c, off .001-16; lira 5.24%c, off .00%; Belga 13.94%c, off .00%; marks 23.87 c. New York Cotton Breaks Bu United Press NEW YORK, July 9.—Cotton futures broke $3 a bale on the market today after publication of the Government report showing acreage in cultivation 11.4 per cent higher.

I Hsf I CHICAGO SUNDAY, JULY 15 wmm Leaves Indianapolis - - - - - 12.05 A. M. RETURNING I Leaves Chicago Union Station - - 7.45 P. M. Stopping at South Chicago and Englewood in both direction# Tickets Good in Coaches only ■ PENNSYLVANIA RAILROAD 116 Monument Place Phone Riley 7353

CHICAGO Our excursion includes Railroad and Pullman transportation, hotel accommodations and meals in one of Chicago’s finest hotels, theater tickets, taxi and all incidental expenses, Sightseeing trip of the entire city of Chicago under supervision of our own experienced guides. $15.00 ALL-EXPENSE EXCURSION (Wife When Accompanying Husband Free)

J. F. BICKEL, 122 North Delaware. Suite No. 3 Please send me without obligation further information regarding your excursion to Chicago. Name Address Phone No Occupation

Indianapolis Stocks

—July 9 Bid. Ask. Amer Central Life 650 Belt R R & Yds com 68 71% Belt R R & S Yd pfd 59 63 Central Ind Power Cos pfd ... 99 101% Circle Theater Cos com 102% ... Cities Service Cos com 67% ... Cities Service Cos pfd 100% ... Citizens Gas Cos com 56 Citizens Gas Cos pfd 101 103 Commonwealth Loan Cos pfd .100 Equitable Securities Cos com. 43 Hook Drug Cos com 31 Indiana Hotel Cos com 125 ... Indiana Hotel Cos pfd 100 ... Indiana Service Corp pfd .... 80 ... Indianapolis Gas Ca.com .... 69 Indpls & Northwestern pfd.. 12 Indpls P & L 6%s pfd 104 105 Indpls P & L 7s 101 Indpls Pub Wei Ln Assn .... 47% ... Indpls St Ry Cos pfd 29'% 32% Interstate P S C prior lien ..106 107% Interstate PSC 6s pfd 94% 99 Merchants Pu Util Cos pfd ...101 North Ind Pub Serv Cos 6s ...100 102 Northern Ind Pub S Cos 7s ...103% ... Progress Laundry Cos com ... 31 E. Rauh & Sonus Fert Cos pfd.so ... Real Silk Hos Cos pfd 74% ... Standard Oil of Inudiana ... 74% ... TH I & E Trac Cos pfd 12 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 .... 96 101 Van Camp Prod 2d pfd 90 100 •Ex-dividend. —Bonds— Belt R R & Stk Yrds 4s 89 Broad Ripple Trac Cos 5s Central Ind Gas Cos ss' 100 Central Ind Power Cos 6s 104 ... Chi S B & N Ind 15 Citizens Gas Cos 5s 102 107 Citizens St RR 5s 83% 86 Gary St Ry 5s 85 90 Home T & T of Ft. Wayne 65.. 103 Indiana Hotel Cos 5s 101 Ind Northern Trac Cos 5s 5 Ind Ry & Lt Cos 55.... 97% ... Ind Service Corp 5s 95 Indpls Power and Lt Cos 55.... 99 ioi Ind Union Trac Cos 5s 2% Indpls Col & So Trac 6s 101 io3 Indpls Gas Cos 5s 101 106 Indpls & Martins Trac Cos 55.. 25 Indpls North Trac Cos 5s 10 14 Indpls <fc Northw Trac Cos 55.. 25 Indpls St Ry 4s go 65 Indpls Trac & Term Cos 55.... 94 96 Indpls Unipn Rv 5s 100 Indpls Water Cos sVis 102 Indpls Water Cos Ist 5s 96 99 Indpls Water Cos 4%5.. 96 101 Water Works Sec 5s 96 99 Vi Interstate Pub S Cos 4%s 90 .. Interstate Pub S Cos 5s 91 ... Intersttae Pub S Cos B%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 12% 14 —Liberty BondsLiberty Loan. Ist 3%s 99.92 100.12 Liberty Loan. Ist 4%s 101.16 101.38 Liberty Loan. 3rd 4Vis 100.40 100.60 Liberty Loan. 4th 4%s 101.68 101.88 U S Treasury. 4%s 113.70 113.90 U S Treasury, 4s 108.68 101,88 U S Treasury, 3%s 105.46 105.68 U S Treasury. 3%s 100.40 100.60 —Sales—--10 shares Van Camp Prod Ist pfd. 96 SI,OOO Indpls. Northern 5s 10 SI,OOO Union Trac 6s 12%

Commission Row

PRICE TO RETAILERS FRUITS Apples—New fancy transparents. $2.5045 4 basket; fancy barrel apples, seasonable varieties, s6© 9; new fancy basket apples, seasonable varieties, $2.5903, 40 lbs.; winesaps, choice box apples, seasonable varieties, $2.75413. Apricots—s2.7s4l3 crate. Blackberries—s2.so4i2.7s, 24-qt. crate. Cantaloupes—California, $1.5045)4, crate. Cherries—California, $2.25453, 8 lbs. Dewberries—s2.7s. 24-qt. crate. Gooseberries—lndiana, $6. 24-qt. crate. Grapefruit—Dunedin Marsh's, $5, crate. Grapes—California, $4.50, crate. Huckleberries—Georgia, SB, 24-qt. crate. Lemons—California. $6.50@7, crate. Limes—Jamaica. $3, 100. Oranges—California Valencias. S7OB 25. crate. Peach's—Southern, $3474. crate. Pineapple—Cuban. $3.50 crate. Raspberries—Black, $3.50, crate; red. $4 50, crate.. Strawberries—Fancy home grown, $6, 24qt. crate. Watermelons—sl down. VEGETABLES Asparagus—Green, 90c doz. bunches. Beans —Mississippi stringless. $2.50. Beets—Home grown, 35c doz. Cabbage—Tennessee, poney $1.25@2, crate. Carrots—Louisiana, 35c doz. Cauliflower—Home grown, $2.75 bu. Celery—Florida. $5 irate. Corn—Fancy, Texas, $2.50 bu. Cucumbers—lndana hothouse. $1.15 doz. Eggplant—H. G., $2 doz. Kale—Spring, 65c bu. Mangoes—s 2 crate. Mustard—Fancy, H. G.. 60c bu. Onions—Home grown, green. 3545;40c doz.; new Texas yellow, $1.75 crate; Texas crystal wax. $1.90 crate. Peas—Home-grown Telephone; $1.25 hamper. Peppers—Louisiana Mangoes, $2 hamper. Potatoes—Michigan, white, $2.25, 150 lbs.; Idaho. $2.75, 120 lbs.: Carolina Cobblers, $2.75 bbl.; Alabama Triumphs. $2 cwt. Radishes —Hothouse, button, 45c doz. bunches; southern long red. 45c doz. Rhubarb—Home grown, 35c doz. Spinach—Fancy Kentucky, $1.25 bu. Sweet Potatoes—Porto Ricans, $3, hamper. Turnips—New. $1 bu. MISCELLANEOUS Cider—s4.so 6-gal. case; $4.75 doz., %- Garlic —California, 20c lb. 287 ~SCOUTS TO CAMP Two Weeks’ Outing Will Be Taken by City Boys. Two hundred eighty-seven Boy Scouts went to Camp Chank-tun-un-gi, Scout reservation, today for a two weeks’ outing. It was the second encampment of the summer and the largest in the history of the Indianapolis camp.

HEAVY PORKERS RISE 15 CENTS; OTHERSSTEADY Material in Other Divisions Holds Unchanged to Irregular. July Bulk. Top. Receipts. 2. 9.500 11.25 11.25 8,000 3. [email protected] 11.75 5 500 5. [email protected] 11.75 i,SOO 6. 9.75011.75 11.80 ' 7,500 7. [email protected] 11.50 7.000 9. [email protected] 11.65 5,500 Hogs opened the week on the local livestock market steady to 15 cents higher on the hundredweight. Heavy and middieweights figured in the upturn which sent the top to $11.65. The bulk sold for $11.50 and up. There were about 5,500 fresh animals received and 205 held over. Other material was mostly steady Some cattle were weak and lambs were strong. Vealers were irregular. Tne Chicago market opened slowly, steady to 10 cents lower than Saturday’s averages. A few loads of choice 180-280-pound weights brought $11.25® 11.40. Some were held higher. Receipts numbered around 55,000. Pigs, Lights Steady Heavy meat animals gained 10 cents on the top, selling at $11.25® 11.60, while material in the 200-250 pound class brought $11.5011.65, up 25®35 cents. Lights, 160-200 pounds, were 15 cents higher on the high end bringing sll @11.65. Other classes were unchanged, quotations ranging as follows: 130-160 pounds, $9.75@ 10.75; pigs, 90-130 pounds, [email protected]; and packing sows, $9.25@ 10.25. Cattle were steady to weak with I, head in the pens. Beef steers brought $13.25@ 15.10, in a more narrow range, and cows sold for $8.25 @10.25, down 25 cents. Low cutter and cutter cows went at [email protected], off the same, while bulk stock and feeder steers were unchanged at $8 @l2. Calves Up, Down Best vealers were 50 cents lower in an irregular market, selling at $15@16. Heavy calves went up 50 cents on the top to a range of s7@ 11. There were about 400 animals received. Sheep and lambs were steady to irregular, with the top up to $15.75. Bulk fat lambs were unchanged at $14.50@ 15.40, but culls dropped 50 cents on the top to [email protected]. Bulk fat ewes were steady at ss@7. Receipts numbered about 500. —Ho**— Receipts. 5,500; market, steady to higher. 250-350 lbs *[email protected] 200-250 lbs -50@ .65 160-200 lbs l .00^U.65 130-160 lbs 9.75@ 10.75 90-130 lbs B.oo® 8.50 Packing sows [email protected] -CattleReceipts, 1,000; market, steady to weak. Beef steers **3.25015.10 Beef COWS- § Low cutters and cutter cows.. 5.25@ 7.25 Bulk stock and feeder steers.. 8.000.12.00 —Calves— Receipts. 400: market irregular. Best vealers [email protected] Heavy calves 7.00@ 11.00 —SheepReceipts. 500; market, steady to strong. Top fat iambs Bulk fat lambs 14.50015.50 Bulk cull lambs 9 [email protected] Fat ewes 5.00@ 7.00 Other Livestock Bu United Press CHICAGO, July 9.—Hogs—Receipts. 55,000: market mostly steady to 10c lower than Saturday’s average; big packers inactive; top $11.50 paid for choice 200-240-lb. weights; butchers medium to choice 250-350 lbs., 510.304i.11.40; 200-250 lbs., $10.40011.50; 160-200 lbs.. $10011.50: 130160 lbs., $94711.25; packing sows, *9.100 10.40; pigs, medium to choice, 90-130 lbs., $8,504/ 10.25. Cattle—Receipts, 18,000. Claves —Receipts, 4,000; mostly steady, market slow; on big killers; bidding lower in instances on weighty steers; $18.25 paid for light yearling on outside accounts; good market on all yearlings; slaughter classes steers, good and choice, 1,300-1,509 lbs., $14.754716; 1,100-1,300 lbs., $14.754716; 950-I*loo lbs., $14,754/ 16.25; common and medium. 50 lbs.. $lO4/ 14.75; feeds yearlings good and choice. 750-950 lbs., $14.50@ 16.25; heifers, good and choice, 50 lbs. down, $14.2 547 1 5.75; common and medium, $9.50 4714.25; cows, good and choice, $9.25@12; common and medium, $7,254/9.25; low cutter and cutter, $5.75417.25; bull, good and choice (beefl, $9.104710.75; cutter to medium. $7.25479; vealers /milk fed), good and choice, $14,254/16.50; medium. $124// 14.25; cull and common, $8012; stocker and feeder steers, good and choice all v zhts, *11.754713; common and medium, st/.254711.75. Sheep—Receipts. 11,000; fat lambs slow, uneven: most sales and bids around 50c lower; wide spread of quality within narrow price range; sheep and feeders unchanged; lambs, good and choice. 92 lbs. down, $15.504716/65; medium, [email protected]; cull and common, $10.7547 13.75; ewes, medium to choice. 150 lbs. down, $4 47.7- cull and common, $1,754/ 5.25; feeder lambs, good and choice. $12.75 @18.50. Bu United Press CLEVELAND, July 9.—Hogs—Receipts, 3,200; market 15020 c down; 250-350 lbs.. [email protected] 200-250 lbs.. $9.704711.85; 160200 lbs., $11.40011.75; 130-160 lbs., $11.50 @11.75; 90-130 lbs., $lO4/ 11.25; packing sows, $8,754/9.25. Cattle—Receipts, 650; calves, receipts 650; market steady to strong- calves strong to 15c up; beef steers, [email protected]; light yearling steers and heifers, $12.504715.35; beef cows, $7.50@ 9.75; low cutter and cutter cows. $5,500 7.25; vealers. $154718. Sheep—Receipts. 1,200; market steady to strong; top fat lambs. sl6; bulk fat lambs, $154715.50; bulk cull lambs. $11.504713; bulk fat ewes, $4.500,6.50. Bu United Press FT. WAYNE, Ind., July 9.—Hog—Receipts, 250; market steady to 5c higher; 90-110 lbs., $8.25; 110-130 lbs., $9; 130-140 lbs.. $9.75; 140-150 lbs., $10; 150-160 lbs., $10.25; 160-170 lbs., $10.85; 170-200 lbs., $11.20; 200-250 lbs., $11.35; 250-300 lbs., $11.45; 300-350 lbs., $11; roughs. $94/9.25; stags. $64/6.50. Calves—Receipts 25; market sls down. Sheep—Receipts, 50; market, spring lambs sl4 dova-

TO HOLDERS OF Third Liberty Loan Bonds The Treasury offers anew 3 Vs per cent. 12-15 year Treasury bond in exchange for Third Liberty Loan Bonds. The new bonds will bear interest from July 16, 1928. Interest on Third Liberty Loan Bonds surrendered for exchange will be paid in full to September 15, 1928. Holders should consult their banks at once for further deJ tails of this offering. Third Liberty Loan Bonds mature on September 15, 1928, and will cease to bear interest on that date. A. W. MELLON, Secretary of the Treasury. Washington, July 5, 1928.

_ THE INDIANAPOLIS TIMES

New York Stocks

■ (By Thomson & McKinnon)

—July 9 Railroads— Prev. Atchison 188% Atl Coast Line.. 171 170 171 Id Balt & Ohio ...108% ... 108% 109 Canadian Pac ..208% ... 208% 207% Chesa & Ohio.. .. ... ... 184% Chi & Alton 11% ... 11% 11% Chi & N West ..83 ... 83 82% Chi Grt West.. 11% 13 C R I & P 116% 116 116% 116 Del & Hudson 191 Del & Lacka.. 136% ... 136'% 136% Erie 55% 55% 55% 54% Erie Ist pfd .... 54% ... 54% 55% Grt Nor pfd 98% 111 Central 141'A Lehigh Valley 132% Kan City South. 51% ... 51% 51 Lou & Nash ... 149 ... 149 145 M K & T 38 Mo Pac pfd ... 118% ... 118% 118% N Y Central ... 172 ... 172 172% N Y C & St L 132 NY NH & H 59 Nor Pacific 96% Norfolk & West 177% ... 177% 178 Fere Marquette.. .. ... ... 132 Pennsylvania ... 65 64% 65 65 P & W Va 145 Reading 102% ... 102% 101% Southern Ry 150% Southern Pac ... 122 ... 122 122% St Paul 35% 35% 35% 35% St Paul pfd .... 47% 47 47% 47% St L & S W 87% St L& 8 F 113% ... 113% 113 Texas ,k Pac ...170% ... 170% 171% Union Pacific ..195% ... 195% 196 West Maryland.. 43 42% 43 42 Wabash 75% 78% 78% 78% Rubbers— AJox 8% 8% 8% 8% Fisk 12% 12% 12% 12% Goodrich 75', ... 75 75 Goodyear 49 ... 48% 48% Kelly-Spgfld .... 21% 21% 21% 21% Lee 20% ... 20' \ 20% United States ... 29% 29% 29% 29% Equipments— Am Car & Fdy 96 Am Locomotive ... 98 Am Steel Fd ... 54 ... 54 53% Am B Shoe 41 ... 41 41 General Elec ...154 153 15* 152% Gen Ry Eignal.. 97% 96 97% 96% Lima Loco 51 ... 51 50% N Y Air Brake 44% Pressed Stl Car 22% Pullman 83 ... 83 Westingh Air B 45'i ... 45% 45 Westlngh Elec .. 94% 94% 94% 94% Steels— Bethlehem 56% 56 56% 55% Colorado Fuel .. 64*4 63 64 63% Crucible 70 69*4 70 70% Gulf States Stl.. 59% ... 59% 58% Inland Steel .... ... ... 55 Phil R C & 1 52 Otis Steel 23% 22% 23 23 U S Steel 141% 140% 141% 140 AHov 34 ... 34 33% Youngstwn Stl.. 87% ... 87% 87% Vanadium Corp. 76% 75% 76 76 Motors— Am Bosch Mag. 33% ... 33% 33% Chandler 16% Chrysler Corp .. 78% 14% 76 74% Conti Motors ... 12 Dodge Bros. ... 14% 14% 14% 14% Gabriel Snbbrs.. 21% 20% 21 20% General Motors 194% 193% 194 192% Hudson 88 86*4 88 86% Hupp 59% ... 59 58% Jordan 11 Mack Trucks... 94% 93 94 93% Martin-Parry ..... 18 Moon 8 ... 8 8 Nash 86% 86 86% 86% Packard 78% 77% 78 77% Paige 33% 33% 33% 33% Peerless 18% ... 18% 19 Pierce Arrow 13% ... 13% 13% Studebaker Corp 72% ... 72% 72 Stew Warner ..91 ... 91 91% Stromberg Carb. 53% 53% 53% 53% Timken Bear 121% Wtllya-Overland. 22% ... 22% 22% Yellow Coach... 34% 34 34 34% White Motor I 39% Mining— / Am Smlt & Rfg.l94 ' 193% 194 194 Anaconda Cop.. 68% ... 68% 68% Caluiflet & Ariz 99 98% 99 98 % Cerro de Pasco.. 78 77% 78 78% Chile Copper... 46% ... 46 45% Greene Can Cop 107% ... 107% 108 Inspiration Cop 22% ... 22% 22% Int Nickel 96% 95% 96 957, Kennecott Cop. 91% 91% 91% 91% Magma Cop 52% Miami Copper 20% Texas Gulf Sul 70% ... 70 70% U S Smelt 47 Va Oils— Atlantic Rfg ~..133 137% 138 139 Cal Petrol 31% Freeport-Texas . 72% ... 71% 72 Houston Oil ...138 ... 130 136% Indp Oil & Gas 25% 25% 25% 25% Marland OH .... 36% 36% 36% 36% Mld-Cont Petrol. 29% 29 29% 29% Lago Oil fit Hr... 32 ... 32 32% Pan-Am Pet 8.. 44% ... 44 43% Phillips Petrol.. 38% ... 38% 38% Pro h Rfgrs... 26% 26 26% 26% Union of Cal... 53 ... 53 53 Pure Oil . 23% 23 23% 23% Fielfleld 45% Royal Dutch 55% Shell 27 ... 26% 27 Simms Petrol 21% Sinclair Oil ... 26% 25 26 24% Skelly Oil 30% ... 30% 30% Std Oil Ca 1.... 59% 59 59% 58% Std Oil N J.... 44% 44% 44% 44% Std Oil N Y... 35% 35% 35% 35% Texas Corp 61% 61% 61% 61% Transcontl .... 8% 8% 8% 8% Industrials— Adv Rumely ... 44% ... 44% 44% Allis Chalmers 124 Allied Chemical .173% ... 173 172% Armour A 19% Amer Can .... 88% ... 88% 88% Am H L pfd 43% Am Linseed 109 V* Am Sofety Raz. .. ... ... 62% Am Ice 41% 39% 41 39% Am Wool 18% Curtis 110% 109 110 110 V Coca Cola 165 ... 165 165 Conti Can 100% ... 100% 100% Certaln-teed 43% Congoleum 24 ... 24 23% Davison Chem.. 53% 53 53% 52 Dupont 383 ... 382% 382% Famous Players. 129% 128% 129 128% Gen Asphalt ... 76% . . 76% 75% lut Bus Mch 123 Int Cm Engr ... 63% 63 63% 63% Int Paper 74 Int Harvester 270 Lambert 109% Loews 55% Kelvinator 16 Montgom Ward. 161% 159% 161 159 Natl C R 1 ... 62% Pittsburgh Coal. .. ... ... 52% Owens Bottle .... .... ... 80 Radio Corp ....187% 184 187 185% Real Silk 27% Rem Rand .... 31% 30 31% 29% Sears Roebuck...llß 117% 117% 116=4 Union Carbide... 149% ... 149% 149% Unlv Pipe 21% 21 21% 21% U S Cs Ir Pipe 248 U S Leather 43 U S Indus A1c0.111% 111 111% 110=4 Wright 161% 157 160 159% Woolworth C 0... 184'% ... 184% 183% Utilities— Am Tel fz Tel... 178 Vs ... 178% 178 Am Express ~..191% ... 190 188 Am Wat Wks 59 Brklyn-Manh T 69% Col G& E 110% ... 109% 110% Consol Gas 152% ... 152 152% Elec Pow & Lt.. 39% 39 39% 36 Interboro 40% ... 40% 40% Nor Am Cos 72'% ... 72'% 72% Nat Power 34% 34% 34% 34% Pub Svc N J 57'% ' 56% 57 56% S Cal E 48 47% 48 47% Std Gas & E 1... 66% ... 66% 66% Utilities Power.. 41% 38 41 38 West Union Tel. 144 ... 144 Shipping— Am Inti Corp ..100% 100 100'% 99% Am Ship & Com 4% Atl Gulf & W I 50% Inti Mer M pfd. 37% ... 37'% 37'% United Fruit 135% Foods— Am Sug Rfg ... 72 ... 72 Am Beet Sugar 151% Corn Products .. 73% 73 73% 73 Cuba Cane Su p 21% 21% 21'% Cuban Am Sug.. 19% Fleischmann Cos. 71% 71 71 71 Natl Biscuit ...167 ... 167 Nat Dairy 80 79 80 78% Postum CO 131% Ward Baking B 19'% Tobaccos— Am Sumatra ... 61% ... 61% 60Vi Am Tobacco ....156% ... 156% ... General Cigar .. 64 ... 64 63V* Llg <fc Mevers .. 87% 85 87 74% Lorillard 26'/, M 26 26 R J Reynolds ..131 fflo% 131 130'% Tob Products 8.103 ... 103 103 United Cigar St 26% Schulte Ret Strs .. 56

In the Stock Market

(By Thomson & McKinnon) NEW YORK, July 9.—A year ago this month railroad earnings dropped 26 per cent below the previous year, and in the following month steel production fell off 15 per cent. This year the outlook is for an increase and means thSt these two important industries will join the motors, farm implement, chain store and building lines where earnings are good. However, the benefits of this improvement in industry is offset in the stock market by unsatisfactory conditions in the money market. Therefore, until the credit situation is improved, the probabilities are that stocks will be in increasing supply on all bulges. Hence, we look for a mixed price trend to prevail.

JOHNNY t GIN

CORN AND OATS DROP IN MART; WHEATGOES OP Major Grain Opens Fraction Higher as Others Dip at Chicago. Bu United Press CHICAGO, July 9.—Wheat was up a fraction on the Board of Trade today on reports of heavy rains in parts of the southwest. Corn declined on favorable weather reports. Oats was also lower. Wheat opened % to % cent higher. Corn was off % to % cent. And oats was off % cent in all deliversies. Provisions were about unchanged. The heat wave over the wheat belt was broken Sunday in all sections except Indiana and Ohio. Temperatures are now about normal. The northwest and southwest had good to heavy precipitation Sunday. Movement of wheat to southwestern markets continues to be heavy. The Government crop estimate will be issued after Tuesday’s trading. The corn belt had favorable weather with normal temperatures over the week end. Stocks of old corn are expected to last until new shipments arrive. The oats crop is now at its critical stage in some sections. Cutting has begun in the southern part of the belt. Low temperatures have allayed fears of damage from heat. Chicago Grain Table —July 9 WHEAT— p r ev. , , High. Low. 12 n>. close. July 134 V, ... 1.32% 1.33% Sept 1.37% 135 1.35% 1.36% December ... 1.41 1.38% 1.39% 1.40% CORN— July ... 1.06 ... 1.04 1.06% Sept 99% . . .96% .99% December ... .83% .81% .81% .83% OATS— July 52% .47% .48 .51 = * Sept 43% .40% .41 .43 Dec .44% ... .43% .45 RYE— July 1.17 ... . 1.16% 1.18% Sept 1.14% ... 1.12% 1.14*,. Dec 1.16 ... 1.14% 1.16% LARD— July 12 02 .... 12.02 12.10 Sept 12.40 .... 12.30 12.40 Dec 12.55 .... 12.47 12.55 RIBS— Jlily 12.95 .... 12.95 13.00 Sept 13.30 .... 13.30 13.32 Bit Times Special CHICAGO, July 9—Carlots: Wheat, 5; corn. 72; oels, 8.

Cash Grain

The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41%c New York rate, were: Wheat—Weak: No. 2 red. *1.6301.65; No. 2 hard. $1 [email protected]. Corn—Weak; No. 3 white. 99%c@*1.01%: No. 4, 97%@99%e; No. 3 yellow. 98c@*1; No. 4. 964/98c; No. ! mixed. 94@96c; No. 4, 920 94c. Oats —Weak: No. 2 white, 65@66c; No. 3. 64 @ 65c. Hay—Firm' No. 1 timothy. $15.50016; No. 2. $150.15.50; No. 1 light clover mixed. sls 0 15.50; No. 1 clover hay. $17.500 18. Wheat—No. 3 red. .1 ears; No. 4. 1 car. Total. 3 cars. Corn—No. 3 white. 7 cars: No. 4. 1 car: No. 1 yellow, 1 car; No. 2. 15 cars; No. 3. 13 ears: No. 4, I <",rs; No. 5. 1 car; No. 6. 6 cars: sample vellow, 4 cars; No. 4 mixed, 1 car. Total. 54 cars. Oats—No. 2 white, 1 car: No. 3, 4 cars. Total. 5 cars.

Local Wagon Wheat

Local grain elevators are paying Sl-55 for No. 2 red wheat. Other grades are ourchased on their merits

Produce Markets

Butter (wholesale price) No. 1,477148 c; No. 2. 456 4fc lb. Butterfat buying price)—4sc lb Cheese (wholesale selling prices, per pound'—American loaf, 34c: pimento loaf. 33c; Wisconsin flat. 39c: prime cream. 25<fi 27c: flat daisy. 264*27c; Longhorn. 26<& 27c; New York limberger. 32c. Eggs—Buying-prices: Fresh, delivered at Indianapolis, loss off. 26W.27C doz Poultry—(Buying prices'; hens. 22; Leghorn hens. 144} 15c: 1926 spring, large breed. 2 lbs. and up, 284529 c; l'aftl 5 , lbs.. 234/ 25c; Leghon**. 205 31c: old roosters, large. 12c: small. 10c: ducks. 10c; geese, 84J10c; guineas, young, 50c; old. 35c. Ry United Prens CHICAGO. July 9.—Poultry—Receipts. 12 cars; fowls, 23c: leghorns. 19c; ducks, heavy, 18e; small, 16; spring. 174522 c; geese. 16; turkeys, 20c; roosters, 16'jc; broilers. 22c. Cheese—Twins, 25yc: young Americas. 25!,c4/26c. Potatoes—Arrivals, 54; on track, 297; In transit, $10.97; southern sacked Bliss Triumphs, best, 75e%51: poor, 50c up; sacked Irish Cobblers. 5945 90c; North Carolina barrels, very few sales. $1.75451.90: Norfolk Virginia barrels. $1,754/2; East shore Virginia barrels. $2.25. Butter —Receipts. 14,964; extras. 43 extra firsts. 42’a4743c; firsts, 414542 c; seconds. 384/40c; standards, 43'<c. Eggs— Receipts. 18.373: extras. 29‘ 3 4/30c; firsts, 284/ 29c; ordinaries, 254/27'ac; seconds. 244} 26c. Other Livestock By Times Special LOUISVILLE, July 9.—Hogs—Receipts. 2,000; market. 5c lower; best heavy and lights. 180 lbs. down. $7,504/ 10; stags and medium hogs, 180 lbs. up, $11.50; pigs and throwouts, $8,404/9. Cattle—Receipts, 1,300: market, bulls 50c lower: others steady, prime heavy steefs, $12.504518.50; heavy shipping steers, $114512.50; medium and plain steers, $lO4/11; fat heifers, $lO 4/13.50; choice cows, $94/10; medium to good cows, $6,504/9; cutters, $5.5045 6.50; canners. $4.504/’5.50: bulls, $6418.50; feeders. $94/11.25: Stockers. $8.504111.25. Calves —Receipts. 900; market, steady: good to choice, $1245 14; medium to good. $104£12; outs. $lO down. Sheep—Receipts. 2,600; market, steady; best mixed lambs. sls; ewes and wethers. $15.50; few choice, sl6; seconds, $8,504/9.50; light sheep, $6: heavy sheep. $4; bucks. $3413.50. Saturday’s and Sunday's shipments: Cattle, 258; calves, 615; hogfs, 162; sheep, 1,329. Sugar Opening By United Press NEW YORK, July 9.—Sugar futures opened higher. September 2.53. up .01; December 2.64. up .01; January 2.61, up .01; March 2.56. unchanged; May 2.63. unchanged. REPORTS THEFT OF S7O Victim Says Two Negroes Held Him Up in Auto. Two Negroes whom he met on E. Tenth St. and asked to drive him home in his automobile drove him to Tenth St. and Sheffield Ave., slugged him and robbed him of S7O and some checks, George Rollins, 552 N. T emont Ave., told police early today. -• Police said they found a half pint of liquor in possession of Rollins. He was sent to city hospital and ordered held. DEMOCRATS TO MEET State Committee, Candidates Set July 16 to Plan Campaign. The Democratic State committee will meet with State candidates in headquarters at the Claypool, July 16, 2 p. m., to formulate campaign plans. The meeting orginally was scheduled for July 13, but was changed because of the meeting of the State Bar Association at Ft. Wayne on that date. Chairman R. Earl Peters announced,

After Lightning Struck

Left to right, Mr. and Mrs. Norman Patterson, Mr. and Mrs. Cecil Reese and their children.

Bu Times Special NOBLESVILLE, Ind., July 9.—Six persons in a house shattered by lightning here escaped injury, despite melting or iron bed as the bolt passed through. The damaged

POLICE NAB 30 OVER WEEK-END FORjAMBUNG Dice, Dominoes and Money Seized in Series of Raids. Thirty persons were arrested in police gambling raids over the weekend. John Woodson, Negro, of 1902 Martindale Ave., was charged with operating a gambling game. Police said they seized dice and 45 cents at his home. Eight other men were charged with gambling. Frank Smith, 2463 Columbia Ave., was charged with being the keeper of a dice game at his home. Police said they found he and two other men shooting craps. Dice and 90 cents was seizedSeize S2O and Dice At the poolroom of Albert Washington, 552 Blake St., $20.95 and two dice were seized. Washington and three others were arrested. Pol : ce said they found a poker game in which dominoes were used at the Andrew and Sam Smyrnis poolroom, 35 W. Maryland St. The Symrais brothers were charged with operating the game and nine others with gambling. Marshall Rogers, 1520 N. Illinois St., claimed six books of pool tickets found at the Ed Holtkemeyer poolroom. 410 E. Washington St. He was charged with keeping a gaming device. Wipe Up Alcohol Police said they wiped up a quart of alcohol which they charged Mrs. Lonnie Lyster dumped when her home w r as raided. Herman Smith, 3831 E. Eleventh St., and his wife were arrested on charges of keeping a resort" alter a raid on his home. Three women and two men were held at witnesses. Over the week-end police arrested a total of 187 persons. Twen-ty-seven were charged with public intoxication, 55 with vagrancy, 13 with operatin gblind tigers, five with driving while intoxicated, five with speeding and 17 with minor traffic ■violations. TELL OF SAFETY WORK City’s Contributions to Save Life Campaign to Be Heard at Parley. Indianapolis safety council’s contribution to the prevention of drownings in this city will be outlined by Director Harry M. Franklin, at the summer institute of the National Safety Council in session this week at White Hall, Mich. Directors of sixty-five local councils throughout the United States are attending. Safety measures will be discussed and workable ideas ex-j changed. Indianapolis council distributed a swimming questionaire throughout the local schools with good results. This will be outlined by Franklin. BANDIT POINTED”" OUT Grocer Identifies Youth as One Who Held Up Store Last April. Martin Skinner, 1735 W. Morris St., manager of the Standard grocery at 1703 W. Morris St., today identified Charles Gillie, 24, of 1229 Lee St. ,as the bandit who held him up in the store April 14, taking $lB. Gillie was charged with automobile banditry.

The \All Kids Klub ’

SIGN AND BRING IT TO THE TIMES OFFICE AND GET A BUTTON TODAY OR TUESDAY AT BROAD RIPPLE PARK. To the Secretary of Broad Ripple Park and Indianapolis Times All Kids Klub for Boys and Girls: I hereby apply for membership in the ALL KIDS KLUB Sponsored by Broad Ripple Park and Indianapolis Times PLEDGE: * I promise to always play fair and indulge in good, clean, wholesome recreation and to try and influence other boys and girls to do likewise. I further promise to observe all safety first regulations. Date Name Address Town State, Date of Birth Indorsed by.. t (Parent on Other Adult)

home is that of Mr. and Mrs. Cecil Reese. The bolt struck while Mr. and Mrs. Norman Patterson, Anderson, were guests at the home, Reese is a son of Mrs. Patterson.

The City in Brief

TUESDAY EVENTS Rotary Club luncheon. Clavpool. Mercator Club luncheon. Spink-Arms. Universal Club luncheon, Columbia Club. Gyro Club luncheon. Splnk-Arms. University of Michigan Alumni Association luncheon. Lincoln. Purchasing Agents’ Association. Severin. American Chemical Society luncheon, Chamber of Commerce. Phi Gamma Delta luncheon. Chamber of Commerce. The annual banquet of the Roines Alumni Association, honorary organization of Manual Training High School, will be held at the SpinkArms Wednesday evening. Arrangements are in charge of Norman Wilson, Fred Oliver and William L. Jensen. The organization was founded in 1914 as an honor club for senior boys who ranked high in scholastics and athletics. Paul Nichols, 644 Arbor Ave., got himself arrested Sunday by his report to police that he was robbed of $75. Later he admitted he lost the money in a poker game. Police arrested Nichols and Samuel Lance, 554 Division St., on gaming charges. Henry Bonsib, 642 N. Dearborn St.; the Rev. Basil L. Allen, 333 N. Ritter Ave., and others from Indianapolis, are attending the national convention of the Prohibition party, opening in Chicago today. Ensign Melvyn Harvey McCoy, 21, of 630 N. Colorado Ave., has been assigned to temporary duty on the special service squadron en route to Nicaragua. His knowledge of Spanish won him the commission. He was graduated from Annapolis in 1927. Relatives of Allen Stephens, 14, of 340 Lockerbie St-, today asked police to search for him. He spoke of wanting to go to St. Louis a few days before he left home, they said. The Indianapolis Traffic Club will hold a special luncheon Tuesday at the Lincoln. F. A. Doebber will speak tm sessions of the Associated Traffic Clubs of America held at San Francisco in June. The Traffic Club will hold its annual picnic Saturday afternoon at the Boys’ Preparatory School, Riverside Dr. Interstate Public Service Company today asked permission cf the oublic service commission to purchase the Elizabethdown Light and Power Company for $11,650. TACNA ROW END NEAR Chile and Peru Reported to Have Reached Agreement. Bu United Press SANTIAGO. Chile. July 9.—Announcement of a tentative agreement between Chile and Peru, regarding the disputed provinces of Tacna and Arica, with resulting resumption of diplomatic relations between the two countries after many years, was believed today to be imminent. It was indicated strongly that there is hope of renewed and friendly negotiations over the dangerous question that President Coolidge, who tried vainly to settle it, regards as the only important diplomatic one gxisting ambng the American republics. BURNS FATAL TO~ BOY Lounie Poss of Bloomington Dies in City Hospital. /' Lounie Poss, 15, who was brought to city hospital here from Bloomington, Ind., suffering from burns, died this morning) He entered the hospital April 27. Dr. H. O. Bakemeyer, deputy coroner, gave the burns as cause of death.

-JULY 9, 19281

2,500 REGISTER' FOR CHURCH OF CHRISTPARLEf Ohioan to Address County Assembly at Butler Hall Tonight. The Rev. George W. Knepper, Akron, Ohio, will be the speaker tonight at the second day’s service of the annual Fairview assembly at the new Butler University field house. The services will continue through next Sunday. About 2,500 persons representing all the Churches of Christ in the county attended the Sunday night assembly which is the leading summer event of Marion County Christian churches. Bringing churches and university closer together was the general theme of Dr. George A. Camph-’’. pastor of the Union Avenue Christian Church of St. Louis. Sunday night, at the opening meeting. Plan Using Amplifiers The program was under the direction of the Rev. Virgil P. Brock. secretary-evangelist of the Indian-f apol f s Christian Church Union. A choir of about 500 voices was the feat ure of the musical program. Amplifiers will be installed for the remainder of the services because of the diicffulty of reception of speeches at the back of the fieldhouse, it is said. The Rev. William A. Shul'enberger, pastor of the Central Christian Church, introduced Dr. Campbell, and James H. Lowry, president of the Indianapolis Christian Church Union, presided. The Rev. Gerald K. Smith, pastor of the University Place Christian Church, is chairman of the general work committee. Week’s Speakers Named The Rev. Homer W. Carpender, Louisville, will speak Tuesday night; Dr. William P. Dealing, pres.dent of Oakland City College, Wednesday Light; the Rev. Earl Wilfivr Washington, Thursday night; Mrs. Alice Scott. Wichita; Kas., woman’s mass meeting Thursday afternoon; Charles Reign Scoville, Chicago, Friday night, and Prof. Bruce L. Kershner of Butler University, Sunday night, Births .... Girls N.^Delaware"' 1 Oladys R lkenbrode, 111* Hospita? and Gladys T *yl°r. Methodist tion ° dor * Bnd N ° ra Ho,man ' 3057 StaIllff and Dorothy Brummet, 3649 Stanton. Hospfta?* Bnd He fn H 1U ’ St ’ Vincent's pifaT 1 and Helen Lov * n - st Vincent's HosDonald and Doris Flemister, 314 W. For-ty-second. Charles and Ecina Thrasher, 1534 Bell*. iontaine. Bovs 4 Wendell and Edna Odell, 1030 E. Troy Chauncey and Nettie Taylor, Methodist Hospital. John and Frances Sutherland, Methoaist Hospital. Otto and Kate Schmidt. 516 Buchanan. Louis and Muriel Fauehaber. St. Vincent's Hospital. William and Bessie Freeman. 1640 N. Holmes. Ada mand Alberta Hollis. 1014 Edgemont. George and Lela Mydland. 823 Fletcher. and Lydia Wiedeman, 1023 St. Deaths George Thompson, 91, city hospital, chronic myocarditis. Faye G. Noel. 59, Long Hospital, diabetes mellitus. Barabar Jean Talbott, 4. 3622 E. Michigan. acute nephritis. Frank H. Ensworth, 73, 160 W. FortyFourth. influenza. Hugh Goudy, 78. 5509 Guilford, chronio myocarditis. Mary E. May, 53. 129 N. Grant, general tuberculosis. Sarah L. Cain, 31, Christian Hospital, acute nephritis. Christian Harvie. 60. city hospital, myocarditis. Lewlr W. Heyman, 50. Central Indiana Hospital, abscess of right lung. Martha Inlow, 81. 2250 S. Pershing, carcinoma. Wiliam Winfrey, 58. 924 E Fifteenth, arteriosclerosis.

In tiie Cotton Market

(By Thomson & McKinnon) NEW YORK, July 9.—An acreage report of 4 or 5 per cent Increase Is what, locals expect. If It comes outside t.he~e figures the market should be bought on a decline or sold on an advance, as 22.50 for October Is probably the hub around which price will revolve for the present. By United Press NE WYORK, July 9.—Cotton futures opened higher. July 22.32, up .03; October 22.46. up .02; December 22.33. up .05; January 22.16. up .03; March 22.07, up .07: May 21.95, up .07. Death Notices BERNLOEHR. MARY L. (NEEI MEIER— Beloved wife of George Benloehr. mother of William J. Bernloehr. Mrs. John B Oaks and Mrs. Peter Van Schalk of Davton. Ohio, passed away July 8. 1928. 3:05 p. m.. age 64 years, at her residence. 815 English Ave. Friends mav call Tuesday afternoon and evening. Funeral Wednesday. July 11. 2 p. m. (Daylight Saving Time). Friends Invited, Burial Crown Hill. BURKE. PATRICK—Passed awav julv 7, age 82 years; father of Miss. Julia and John Burke of this city and Mrs. Marv Townes of Le Roy. 111., Funeral at the residence. 178 Bright St.. Tuesday. July 10. 8:30 a. m. Services St. John's Church, 9 a. m. (daylight saving timei. Burial Holv Cross Cemetery. Friends invited. GISH. MARGARET—Widow of the late Abraham Gish and mother of Mrs. Walter Zapp. Mrs. Alfred Whitlow. John and Abraham Gish Jr., at her home. 1038 Blaine Ave.. Sundav. July 8. Funeral at residence Tuesday, at 8:45 a. m. Assumption Church at 9 o'clock (daylight saving time). Friends Invited. TOLSON. ELLEN—Beloved wife of Russell Tolson, passed awav Sundav. Julv 3. Friends mav view the remains at the funeral chapel of Kirbv & Dinn. 1901 N. Me-idian St. Funeral Tuesday. July 10, 2 p. m„ at the chapel. WATKINS. JlMMlE—Beloved little son of Mr. and Mrs. Shepherd Watkins, passed awav Sunday. Julv 8. Funeral, Tuesd"', Julv 10. 2 p. m.. at the residence. 8-’3 Bell St. Burial Memorial Park cemetery. In Memoriam Notices rN MEMORIAM—In loving remembrance of Kittle Wigner, who departed this life one year ago today. Just a thought of sweet remembrance. Just a memory fond and true. Just a token of affection And a heartache still for you. CHILDREN Transportation COAST-TO-COAST YELLOWAY Chicago s4.oo'Dayton $3.00 St. Louis ss.oo'Pittsburgh SB.OO Anti points West And points East 11 am.-11 p.m. dally I 6 a.m.-5 p.m. dallv. Denison Hotel. RI. 2273, LI. 4383, Traction Bus Termnial. MA. 4500. English hotel. R). 1273. Funeral Directors W. T. BLASENGYM Main office, 2226 Shelbv St. Drexel 2570. FINN BROS. FUNERAL HOME 1639 N. MERIDIAN. TA. 1838. BERT 8. "aADD. •21J0 PROSPECT SI DREXEL 5307 , George Grinsteiner Funeral director. 523 E. Market. Riley 5374. G. H. HERRMANN 1733 S. East St. or. 4473