Indianapolis Times, Volume 40, Number 42, Indianapolis, Marion County, 10 July 1928 — Page 10

PAGE 10

TRADING LIGHT; STOCKS LOWER IN MARTTODAY Westinghouse Airbrake Runs Up 2 Points as Others Drop Off.

Average Stock Prices

Average of twenty Industrials Monday ■was 213.86, up .31. Average or twenty rails was 139.66, off .17. Average of forty bonds was 97.26, up .02. Bu United Press NEW YORK, July 10.—Monday’s firmer tone in call money brought some selling into early stock market dealings today and moderate recessions were scored by speculative leaders like United States Steel, General Motors, Radio and Montgomery Ward. Trading, however, was light and efforts to push the decline below the opening figures largely met with failure. Losses of nearly a point each were made by General Motors, Radio and Montgomery Ward, while Westinghouse Air Brake was an outstanding feature of strength, running up 2 points to its best levels of the movement. Warner Brothers Pictures also was in demand, but failed to make much progress on the upside. United States Steel was in supply, falling fractionally, while other standard industrial and rail leaders made small losses. Oils were quiet and little changed, while carrier shares continued irregular. Missouri-Kansas-Texas was again in some demand. Describing the market, the Wall Street journal’s financial review today said: . ~ “Trading in the early dealings continued to be affected by speculative apathy incident to the heat wave. Dealings were light in volume and prices changes were without significance. Steel common sold off fractionally to 14014, due to the desire of traders to be out of the stock pending publication of the unfilled order statement for June, to be made at noon. The United States Steel tonnage report was a mildly bullish factor and Steel rallied nearly a point from its early low. Other industrial leaders were stimulated by this showing and sharp recoveries from their lows were made by standard issues like General Motors, American Can and Radio. Trading, however, continued quiet and with' little feature. Offerings were well taken on the decline, but no effort was made to put stocks out of the narrow trading range.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were, $4,498,000. Debits were, $7,897,000. CHICAGO STATEMENT By United Press CHICAGO, July 10 —Bank clearings today were, $128,900,000. Clearing house balance was, $9,700,000. FOREIGN EXCHANGE By United Press NEW YORK, July 10.—Foreign exchange opened irregular. Demand sterling $4 86 7-18, off .001-32 C.; francs 3.91%c, off .00 3-16; Belga, 13.94%c; lira 5.24%c, up .44%; marks 23.66 c, off .001. Liberty Bends By United Press NEW YORK, July 10.—Liberty Brd,4Vs opened at 1.00.12, off 2; 4th 4%s 101.1 c, off 3. TREASURY STATEMENT By United Press WASHINGTON, July 10—The treasury net balance for July 7, was $216,586,656.36. Customs receeipts this month to July 7, were $7,992,085.08.

In the Stock Market

(By Thompson & McKinnon) NEW YORK, July 10.—We do not recall a time when conditions mar-ket-wise were so peculiar as at present—a Very favorable industrial situation in this country. With but few exceptions industry has been active and profitable. This will probably be emphasized by the earnings statements soon to be published by the giant corporations like Uriited States Steel and General Motors. Furthermore, the outlook for the future is very satisfactory, sentiment throughout the country is optimistic, the public is disposed to follow the stock market and continue to buy, but meets with a seriour obstacle in the money market where a constant fear is present that rates are to be higher and the supply limited. Under such circumstances it is perfectly natural that a good many should do as they have been doing recently lightening their commitments and as a result, activity has been limited to a moderate number of issues. This same policy is likely to continue until thd money problem has been at least partly solved. Sugar Opening By United Press NEW YORK, July 10.—Sugar futures opened Irregular. September 2.49, off .01; December 2.60; January 2.58; March 2.54; May 2.58, off ,02; July 2.46, up ,02.

EXCURSION Niagara Falls Saturday, f"jft Round July 14 JI.DU Union Station INDIANAPOLIS July 14, 1923 Leave Terre Haute 5:15 p. m., $10.75 Anderson 7:55 p. m., $9.00. Muncie 8:25 p. m., $8.75 Ar. Niagara Falla 8:00 A. M., E. T. It. Niagara Falla 5:00 P. M., E T. Sunday evening. Arrive Indianapolis 4:00 A. M. Monday morning. —BUY YOUR TICKETS NOW— ' BIG FOUR ROUTE

New York Stocks 1 ’ (By Thomson & McKinnon) —-

—July 10— Railroads— Prev. High. Low. 12:00 close. Atchison 18914 187% 188 188 Va Atl Coast Line.. 170 ... 168% 170 Balt & Ohio ...108% ... 108% 108% Canadian Pac 207% 206 206% 208% jChesa & Ohio 184 Chi & A1t0n.... 11 ... 11 11% Chi & N West 33 Chi Grt West... 13 ... 13 13% CRI & P 115% 115% 115% 115% Del & Hudson... 190 ... 190 Del & Lacka... 136% Erie 55 ... 54% 55 Erie Ist pfd ... 54 Grt Nor pfd 98% 111 Central 141% ... 141 141% Kan City South.. 50 ... 50 50% Lou & Nash ..V 149 MK & T 37% 37% 37% 38% Mo Pac pfd ....118 ... 118 118 N Y Central ...172% ... 172% 171% NY NH & H 58% Nor Pacific .... 96% ... 96% 96>/ 2 Norfolk & West 177% Pennsylvania ... 65 ... 64% 64% Reading 102 101% 102 101% Southern Ry ...149% ... 149% 149% Southern Pac... 121 .... 121 122 St Paul 35% ... 35% 35% St Paul pfd 46V, 46 46 46% St L& S W .... 86% ... 86% 87% St L& S F 113% ... 113% 114 Texas & I’ac ...165 ... 165 169 Union Pacific ...195% ... 195% 195% West Maryland.. 42% ... 42 42 Wabash 75% ... 75% 77 Rubbers— Ajax" 8% ... 8% 8% Fisk 12% ... 12% 12% Goodrich 75% 74% 75% 75% Goodyear 49% 49 49% 48% Kelly-Spgfld .... 21% ... 21% 21% Lee ... 20% United States ... 29% ... 29% 29% Equipments— Am Car & Fdy.. 96 ... 96 . . Am Locomotive.. .. ... . 99 Am Steel Fd .... 54% 53 s /, 54 54 Am B Shoe .... 41 40% 41 41 General Elec ...153 152 152% 153% Gen Ry Signal..lol% 100 100 100 Lima Loco 52% ... 52% 51% Pullman 83'% ... 83 83% Westingh Air B 48% 45% 48 45 * Westingh Elec .. 95 ... 94% 95 Steels— Bethlehem ..... 56% 55% 55% 55% Colorado Fuel.. 64% ... 64 64 Crucible 71 ... 71 70 Gulf States Stl 59% Inland Steel ... 54% ... 54% 54% Phil R C & 1 30 Rep Iron & Stl. 53 ... 52% 52% Otis Steel 233 ... 23 23 U S Steel 140% 139% 140 141 Alloy .......... 34% 33% 34 34% Youngstwn Stl .. 87% ... 87% 87% Vanadium Corp - 751% Motors— Am Bosch Mag. 33% ... 33% 34 Chrysler Corp .. 75% 75% 75% 75% Conti Motors .. 12% 12% 12% 12 Dodge Bros .... 14 ... 14 15 Gabriel Snbbrs 20% ... 20% 20% General Motors .195% 192% 194% 194 Hudson 88% 86 87% 88% Hupp 59% 58% 59 58% Mack Trucks ... 93% 92% 93 92% Moon 8% 8% 8% 8% Paige 33 V, 32% 32% 32% Nash 87 V, 86% 86% 87 Packard 76% 75% 76% 76% Peerless 19% ... 18% 18% Pierce Arrow ... 12V, ... 12% 13 Studebaker Cor 71% 71 71% 71% Stew Warner .. 90% ... 90’% 90 Stromberg Cart 53% Timken Bear ...122% ... 122% 123 Willys-Overland. 22% 22% 22V, 22% Yellow Coach... 33% ... 33% 33% White Motor ... 38% ... 38Va 39 Mining— Am Smlt & Rfg..194% 192% 193% 194 Anaconda Cop... 68% 68 68 68 Calumet & Aria 99% ... 99% 98% Cerro de Pasco 77% Chile Copper 45% 46 Greene Can Cop ... 105 V, Inspiration Cop. 22% ... 22% 22% Int Nickel 96% 95% 96 Va 96 Kennecott Cop.. 91 % 91 91% 91% Magma Cop ... 51% ... 51 7 /, 52V, Miami Copper .. 20% ... 20% 20% Texas Gulf Sul 70 69% 69% 69% U 8 Smelt 48 ... 47% 47% Atlantic Rfg ...138% 137% 137% l” 3 - Cal Petrol 31% Freeport-Texas.. 71% ... 71% 71% Houston Oil ...138 ... 138 139 Indp Oil & Gas.. 25'/a ... 25 Va 25%’ Marland Oil .... 36% ... 36% 36% Mtd-Cont Petrol 29% ... 29% 29 Lago Oil & Tr.. .. ... 33% Pan-Am Pet (B) 44 ... 44 44% Phillips Petrol .. 38% ... 38% 38V, Pro & Rfgrs.... 28 ... 26 26 Union of Ca 1.... 51% ... 51% 53 Pure Oil 23% Richfield 45% ... 45% 45% Royal Dutch ... 56% 56% 56% 56 Shell 30V, ... 30% 27 Simms Petrol... 21% Sinclair Oil .... 26% 26% 26% 26% Skelly Oil 30% ... 30% 30% Std Oil Ca 1.... 58% 58'/a 58% 58% Std Oil N J 44% ... 44% 44V, Std Oil N Y 35% ... 35% 35% Texas Corp 61 Va ... 60% 61 Transcontl 8% 8% 8% 8% Industrials— Adv Rumely ...46% ... 46 44 Allis Chalmers 124% ... 124% 124% Allied Chemical 176% 174% 176 174% Armour A 19% ... 19% 19% Amer Can 88% 87% 88 87% Am Hide Lea 10% Am H L pfd 43% Am Linseed 109% ...%%109 111% Am Safety Raz.. 63 ... 63 63% Am Ice 10% 39% 40% 40 Am Wool 18% ... 18‘/a 18% Curtis 108 107 108 107 Vs Coca Cola 165'% ... 165% 165% Conti Can 99% 98% 99 99 Certain teed 43% Congoleum 23% ... 23V, 23% Davison Chem .. 56 54% 56 54V, Dupont 381 ... ?81 380 Famous Players. 131% 129% 131 129% Gen Asphalt .... 75% ... 75% 74% Int Bus Mch 123 Int Cm Engr ... 63% 62% 62% 62% Int Paper 73% ... 73% 73% Int Harvester 268 Lambert 108% ... 108% 109 Loews 55% 54% 55 54% Kelvinator 16% 16 16 16 Montgom War ..163% 162% 162% 164% Natl C R 62% 62 62% 62 Pittsburgh Coal 51V, Owens Bottle 80 Radio Corp 184% 181% 182 187 Real Silk 27% Rem Rand 31 30% 31 30% Sears Roebuck. .119% 118% 118% 119’/, Union Carbide ..151 ... 151 157 U S Leather ... 45% 44 45% 43% Univ Pipe .... 20% ... 20% 20% U S Cs Ir Pipe 24 V, U S Indus Alco .110% 110% 110% 110 Wright 157 155% 156 155% Woolworth Cos .183% ... 183% 183 Va Utilities— Am Tel & Tel ..177% ... 176% 177 Am Express ....195% 194% 195% 192 Am Wat Wks .. 59 ... 59 59% Brklyn-Manh T. 65% ... 64% 64Vs Col O & E 109% 108% 109 109 Consol Gas 150% 150 150% 151 Elec Pow & Lt. 38 ... 35% 35% Interboro ... ... 40 Nor Am Cos .... 72% ... 72% 73 Nat Power 34% 34% 34% 34V, Pub Svc N J ... 56% 56 56% 56% So Calif E 49 48 49 48 Std Gas & El 66% Utilities Power .. 40% ... 4040 West Union Tel. 144 ... 144 144 Shlpning— Am Inti Corp. 101% 100 1001 Va 99% Am Ship & Com 4% Atl Gulf & W I. .. ... 49% Inti Mer M pfd 36% ... 36% 36% United Fruit ...134% ... 134% 135 Foods— Am Sug Rfg ... 72% 72 72% 72% Am Beet Sugar.. 15% ... 15% ... Austin Nichols 5% California Pkg .. 72% ... 72% 72% Corn Products.. 74% ... 74 72% Cuba Cane Su p 21% Cuban Am Sug ... 20% Flelschmann Cos 71% 70% 71% 71 Jewel Tea 105% Natl Biscuit ...165% ... 165% 165 Nat Dairy ..., 81% 81 81% 80% Postum Cos ... .130% ... 130 131 Ward Baking B 21% ... 21 20% Tobaccos— Am Sumatra ... 62% 61% 62% 61% Am Tobacco 155 Am Tob B 156 Con Cigars 88 General Cigar 63 Lig & Lorillard “ 26V, 26 26 26 R J Reyonlds. ..131 ... 130% 131 Tob Products 8.103 102% 103 103 United Cigar St 26 25% 25% 26 Schulte Ret Sirs 56 ... 55% 56

HEAVY HOGS GO DOWN QUARTER; OTHERSSTEADY Eorker Top Off to $11.50; Receipts 8,000; Rest of Mart Steady. • Julv Bulk. Top. Receipts. 3 9.50'f 11.75 11.75 5,500 5. 9.75(0:11.75 11.75 7.500 6. 9.754111.75 11.80 7,500 7. 9.75 ©ll .SO 11.50 7,000 9. 9.75® 11.60 11.65 5.500 10. [email protected] 11.50 8.000 Porkers were steady to 25 cents lower on the hundredweight on the Union Stockyards today. The top was down 15 cents to $11.50. Pigs and underweights were unchanged. There were about 8,000 hogs received, and 240 held over. The bulk pounds brought $11.25@ 11.40. Other divisions were mostly steady. Some grass cattle were weak, and lambs were strong in the sheep division. Chicago hogs opened slow with a few bids and early sales around $11.15® 11.30 on choice 190-250-pound weights, which was 10 cents lower than Monday’s average. Receipts numbered 27,000, Pigs, Underweights Steady Heavy butchers, 250-350 pounds, dropped evenly 25 cents to a range of sll @11.35, while material in the 200-250-pound class was down 15 to 25 cents, selling at [email protected]. Lights, 160-200 pounds, brought sll @11.40. Others were unchanged, quotations ranging; 130-160 pounds, [email protected]; pigs, 90-130 pounds, $8 @9.50, and packing sows, $9.25®’ 10.25. Cattle were steady with receipts at 1,300 head. Beef steers sold for [email protected], slightly higher. Cows were unchanged at $8.25@ 10.25, and low cutter cows went at [email protected]. Bulk stock and feeder steers brought sß@l2. Lambs Strong Best vealers were unchanged at sls® 16, as were heavy calves which sold for s7@ll. There were about 1,000 animals brought to the yards today. Top fat lambs were 25 cents higher at sl6 in an otherwise unchanged sheep and lamb division. Bulk sat lambs were $14.50@ 15.50, and bulk culls, $9.50@ 11.50. Bulk fat ewes were priced at $5 @7. Receipts numbered 1,100. —Hogs— Receipts. 8.000; market, steady to lower. 250-35(5 lb $ll.OO ® 11.35 200-250 lbs. .. 11.25® 11.50 160-200 lbs 11.00® 11.40 130-160 lbs 9.75® 10.75 90-130 lbs B.oo® 9.50 Packing sows 9.25<a10.25 —C attic— Receipts, 1,300; market steady. Beef steers $13.506715.15 Beef cows [email protected] Low cutters and cutter cows.. 5.25® 7.25 Bulk stock and feeder steers.. [email protected] —Calves— Receipts, 1,000; market steady. Best vealers *[email protected] Heavy calves 7.00 @ll.OO —Sheep— Receipts, 1,100; market, steady to strong. Top fat lambs $16.00 Bulk fat lambs [email protected] Bulk cull lambs [email protected] Fat ewes 5.00® 7.00

Other Livestock By United Press EAST BUFFALO, July 10.—Hogs —Receipts, 500; holdovers 560: market 10c up: 250-350 lbs.. $11.60©'12; 200-250 lbs., $ll.BO <5:12.10; 160-200 lbs., $11.65© 12.10; 130-160 lbs.. $110)11.85; 110-130 lbs., $10.7501.25; packing sows, $9(0.9.75. Cattle—Receipts, 25- calves. 400: market steady; beef steers, [email protected]; light yearling steers and heifers. $13,500.15.85; beef cows. [email protected]; low cutter and cutter cows. [email protected]; vealers, $17(517.50. Sheep—Receipts. 300; market steady; bulk fat lambs, $15.50; bulk cull lambs, [email protected]; bulk fat ewes. !'©7. By United Press CLEVELAND, July 10. —Hogs—Receipts. I, market steady to 10c lower; top. $11.75; 250-350 lbs., $11.65011.75; 500-250 lbs., $11.65011.75; 160-200 lbs.. $11.50© 11. 130-160 lbs., $10.50(5 11.75; 90-130 lbs., $000.25; packing sows, $8,755/ 9.25. Cattle—Receipts, 100; calves, receipts 300; market steady to 50c down; beef steers, $12.50©) 13.25; beef cows, $7.505 9.75; low cutter and cutter cows, $5.5007.25; vealers, $16©17.50. Sheep—Receipts, 500; market 25©50c down; top fat lambs. $15.50; bulk fat lambs. $15015.25; bulk cull lambs, $11013; bulk fat ewes, $4.50 @6. By United Press FT. WAYNE, Ind„ July 10.—Hogs—Receipts. 450; market 10©>20c lower; 90-110 lbs., $8.15: 110-130 lbs., $8.90; 130-140 lbs., $9.65; 140-150 lbs., $9.90; 150-160 lbs. $10.15; 160-170 lbs., $10.75; 170-200 lbs.. $11; 200-250 lbs., $11.15; 250-300 lbs.. $11.25; 300-350 lbs., $10.80; roughs, s9© 9.25; stags. $606.50. Cattle—Receipts. 125; calves, receipts 100; market, $16.50 down. Sheep—Receipts, 300; market, spring lambs, sl4 down. By United Press July 10.—Hogs—Receipts, 500; market generally steady; 250-350 lbs., $11.45© 12.05; 200-250 lbs., $11.75012.05-160-200 lbs., $11.500 12.05: 130-160 lbs., sli 12; 90-30 lbs., $11011.50; packing sows, [email protected]. Cattle Receipts, 25; calves, 100; market steady, unchanged; beef steers, sl3© 15.75: light yearling steers and heifers, $11.50015; beef cows. $9011; low cutter and cutter cows, s6© 8: vealers, $15017: heavy calves. s9©>l3. Sheep—Receipts, 150; market, steady to weak; top fat lambs, sl6: bulk fat lambs, $l4O 15.75; bulk cull lambs, $10@13; bulk fat ewes, ss@7. By United Press TOLEDO. July 10.—Hogs— Receipts, 500; market 10020 c lower; heavies, $10.50011; mediums. $11.25011.40; Yorkers. $11.25© 11.40; good pigs, S9OIO. Cattle—Receipts light; market slow, 50c©$l off on cows and grassy kinds, strong on dry fed Calves—Receipts light; market steady' Sheep and Jambs—Receipts light; market steady. By Times Special on £ OUISVILLE. July 10.—-Hogs— Receipts. 900: market, 10c lower; best heavy and medium hogs 180 lbs. up. $11.40; pigs and lights 180 lbs., down! $7.4009.90; stags and throwouts, $8.3008.90. Cattle—Receipts. 100: market, steady; prime heavy steers sl2 5 O 013.5O; heavy shipping steers. sllO 12 50; medium and plain steers, SIOO 11' fat heifers, $10013.50; choice cows. S9O 10: medium to good cows. $6.50©9; cutters $5.5006.50; canners. $4.5005.50: bulls. S6O 8.50; feeders. $9011.25: Stockers. $8,500) 11.50. Calf—Receipts. 300; market, steadygood to choice. $12014; medium to good $10012; outs. $lO down. Sheep—Receipts. 5.000; including 2.500 stock. Sheep—Lambs 50c lower: sheep, steady; best mixed lambs. $14.50: ewes and wethers, sls; seconds. sß©9; light sheep. $6: heavy sheep. $4: bucks. $3 0 3.50. Monday’s shipments: Cattle, 426; calves, 913; hogs, 715; sheep. 3.057. By United Press CINCINNATI, July 10—Hogs—Receipts, 3.300; holdovers, 990; market, steady to 10c down; 250-350 lbs., $11.25011.75; 200250 lbs.. $11.50011.75: 160-200 lbs., sll© 11.75; 130-160 lbs., [email protected]; 90-130 lbs., $8.25010.50; packing sows, $8,500 9.75. Cattle—Receipts, 250. Calves—Receipts. 9£o; market, veals 50c to $1 up; beef steers. $l2O 14.75; light yearling steers and heifers, $12015; beef N:ows, $8©10: low cutter and cutter cows, $5.250 7; vealers, $13©16; heavy calves, $11014: bulk stock and feeder steerse, $10.50011.50. Sheep—Receipts. 1.900; market, steady; top fat lambs. sl6: bulk fat lambs. $13,500 15.50; bulk cull lambs, slo© 12; bulk tat ewes, $406. Unfilled Steel Orders Increase By United Press NEW YORK, July 10.—Unfilled orders of the United Slates Steel Corporation on June 30 showed an increase of 220,187 tons over the previous month. Total unfilled orders on June 30 were 3,637,009 tons against 3,416,822 tons on May 31 and 3,872,133 tons on April 30. Unfilled orders on June 30,‘'V1927, stood at 3,053,246 tons. x x

THE INDIANAPOLIS TIMES

Commission Row

PRICE TO RETAILERS FRUITS Apples—New fancy Transparents, $2.50® 2.75 basket; fancy gbarrel app.es. seasonable varieties, $9; new fancy basket apples, seasonable varieties, $2.25513, 40 lbs.; Winesaps, choice box apples, seasonable varieties. $3. Apricots—s3.7s crate. Blackberries—s4.so 24-qt. crate. Cantaloupes—California, $1.75@4 crate. Cherries—California. $3. 16-qt. crate. Currants —$4.75. 24-qt. crate. Dewberries—s2.7s, 24-qt. crate. Gooseberries—lndiana, $6, 21-qt. crate. Grapefruit—Dunedin Marsh’s. $5, crate. Grapes —California, $4.50. crate; Malagas, $5, crate. Huckleberries—George. SB. 24-qt. crate. Lemons—California, $7.5008.50 crate. Limes—Jamaica, $3, 100. Melons—Honey Dew, California, $2.50. Oranges—California Valencias, s7® 8.50, Peaches—Southern, $3.50 crate. Pineapple—Cuban, $3.50 crate. Plums—California. [email protected] crate. Raspberries—Black, $3.50. crate; red. $4.50 crate. Watermelons—sl down. VEGETABLES Asparagus—Green. 90c doz. bunches. Beans Mississippi stringless, $1.75, hamper. Beets—Home grown. 35c doz. Cabbage—Home grown, $1.75 bbl. Carrots—Louisiana. 35c doz. Cauliflower—Home grown. $1.75 bu, Celerv—Florida. $4.50 crate. Corn—Fancy, Texas, $2.50 bu. Cucumbers—lndiana hothouse. $1.15 doz. Eggplant—H. G.. $2 doz. Kale —Spring, 65c bu. Mustard—Fancy, H. G., 60c bu. Onions—Home grown, green, 256140 c doz.; Texas crystal wax, $1.90 crate. Parsley—Home grown. 50c doz. bunches. Peas Home-grown Telephone, $1.25 hamper. Peppers—Louisiana Mangoes, $2 hamper. Potatoes—Michigan, white. $2.25. 150 lbs.; Virginia Cobblers, $2.75 bbl. Radishes—Hothouse. Button, 65c 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., %- ssl. jars. Garlic—California, 20c lb. Marriage Licenses George E. Mlckel, 21. of 4211 E. New York St., doorman. Columbia Club, and Mary Juanita Cook, 20. of 121 N. Sherman Dr. Calvin Davis, 30. Muncle, porter, and Hazel Duvall. 22. 57 E. Fall Creek Blvd. James Henry Wooten. 18. of 2135 Martindale Ave., and Osle Hannah, 14. of 2729 Columbia Ave. Bert W. Hibner. 36. of 205 N. State St., delivery superintendent, and Mary Elizabeth Samson, 26, of 3937 Rookwood, milliner. Homer Vaugh. 34. of 945 Indiana Ave . packing house employe, and Pomlla Roseline Willis. 34, of 805 Paca, maid. Births Girls Charles and Helen Field, city hospital. Clarence and Francis Will, Methodist Hospital. Horace and Alma Ferguson. Methodist Hospital. Sebert and Lola Milligan, 1629 Sommerset. P. T. and Susana Downey. 735 N. De Quincy, Bova Harry and Ellen Coryell. Coleman Hospital. Gilbert and Marie Bodimer, Coleman Hospital. Clarence and Margarette Neiman, Coleman Hospital Ollie and Zelda Land, 2008 E. Washington. Lester and Ruth Donner, 1817 Orleans. John and Leona Williams. 604 Cottage. Albert and Dorothy Nells, 1920 S. Meridian. Thomas and Mary Crlekmore, 2162 N. Gale. Fields and Louise Kennedy, 323 W. Nineteenth. Bailey and Mary League. 734 W. Twelfth. Harvey and Alma Howard. 628 Holton PI. Deaths Patrick Burke. 82, S2O E. Vermont, arteriosclerosis. George Wm. Harrlman, 61, Methodist Hospital, carcinoma. John Stalcup. 63. 324 N. Temple, myocarditis. Amanda V. Landes, 50. 2106 Highland PI., pulmonary tuberculosis Annie Summers. 60, 410 W. Fourteenth, chronic myocarditis. Lucile A. Huff, 29 N. Lansing, carcinoma. Julian Clay Anderson, 46, Christian Hospital. myocarditis. Lillian M. Martin. 73, 645 N. Pine, acute cholangitis. William Shultze. 65, 537 E. Miami, pulmonary tuberculosis. Margaret Gidh, 62, 1038 Blaine, cerebral hemorrhage. Mary T. Jacks. 88, 114 S. Illinois, arteriosclerosis. Lownle Poss. 15. Riley Hospital, accidental. Fredericks Balnake, 87, 3052 W. Tenth, arteriosclerosis. Nora A. Easton, 43, 1136 King, endocarditis. August H. Hurley, 57, Christian Hospital carclnon a. Theodore Ma.er, 58, 114 E. Palmer, pulmonary tuberculosis. Anna M. Marshall, 76. 1433 N. New Jersey, cerebral hemorrhage.

FILES SUIT TO HOLD UP SPEEDWAY CITY FUNDS Wayne Township Board Protests County Money for Schools. A friendly suit to settle disagreement over county funds being used by the schools of Speedway City was brought in Superior Court Pour Monday, by the Wayne Township board of advisors. The board, Edward J. Pedlow, Charles Davidson, and Joseph Harbison, asked an injunction to prohibit County Auditor Harry Dunn paying county funds to the school, which was included in Speedway City when it was incorporated last year, and against Township Trustee Vestel Davis from turning over the school property to the city. When the town was incorporated, it included the school, a contract over certain indebtedness having arisen. The board was not organized in time to get its budget inin the 1928 budget, and now the payment from last September to February, when the board was organized, is in question. PL A N~A P ART ME NT HO USE $480,000 Building to Be Erected at Twenty-Sixth and Meridian Sts. Construction Os a $480,000 apartment at the southeast corner of Twenty-Sixth and Meridian Sts., is planned by the Twenty-Sixth and Meridian Sts. Realty Company. The building will contain forty-seven apartments. The company is controlled by Malott White and Arthur Baynham who own common stock. They operate several apartment buildings. Meyer-Kiser Bank underwrote $285,000 of preferred stock. DEATH DRIVER IS HELD Robert Herman Accused of Running Down 2-Year-Old Boy, Charged with driving the automobile that fatally injured Samuel Wade Jr., 2, Robert Herman, 2608 E. Seventeenth St., was arrested on involuntary manslaughter charges Monday night. The boy is the son of Mr. and Mrs. Samuel Wade, 1126 Calhoun St. The accident occurred in front of 4622 E. Twenty-First St. Sunday. Funeral services will be held at the home of the grandparents, Mr. and Mrs. Albert Wade, 1213 Grande Ave., Wednesday afternoon. Patent Office Chief Named Bu United Press SUPERIOR, Wis„ July 10.—President Coolidge today appointed William Leffingwell Redrow, Ohio, to be examiner in chief, United States Patent Office, succeeding the late Sydney F. Smith.

HIGH LIVERPOOL MARKET BRINGS UPTURNIN PITS Wheat and Oats Rally; Corn Continues Lower Today at Chicago. By United Press CHICAGO, July 10.—The strong market at Liverpool sent wheat slightly high ir on the Board of Trade today. Corn continued to lose, but oats rallied with wheat. The opening showed wheat unchanged to % cent higher Corn was off % to % cent, while oats was up V* cent in all deliveries. The Government crop report, which will be issued after trading closes today, is expected to estimate the winter wheat crop at about 510,000.000 bushels and spring wheat at 250,000,000 bushels. Large receipts again were reported in the Southwest Monday and early today. Elevator interests were said to have been the chief buyers of July corn during Monday’s break. Favorable weather was reported in all sections of the belt. The Government report is expected to estimate the crop at about 3,000,000,000 bushels. Oats, which was the heaviest loser in Monday’s drop, had more favorable weather. Crop reports are optimistic. The Government estimate is expected to be 1,500.000,000 bushels. Chicago Grain Table —July 10— WHEAT— Prev. High. Low. 11.00. close. July 1.30% 1.29% 1.30% 1 30% Sept 1.34% 1.32% 1.34 1.32% Sept 1.38% 1.36% 1.37% 1.38% CORN— July 1.03% 1.02% 1.03% 1.03% Sept 98% .94% .95% .95% Dec 82% 81 .82 .81% OATS July 47% .46 .47% .46 Sept 41% .40% .41 .40% Dec 43 % .43 .43% .43 % RYE— July 1.15% 1.14 1.15 1.13 Sept 1.11% 1.10% 1.11 1.10% Dec 1.12% 1.11% 1.12 1.11% LARD-—-July 11.87 11 85 11.87 11.87 Sept 12.12 12.10 12.12 12.15 Oct 12.30 12.25 RIBS— July 12.85 12 85 12.90 Sept 13.12 13.12 13.17 By Times Special CHICAGO. July 10.—Carlots: Wheat. 27corn. 230; oats, 30: rye, 2.

Local Wagon Wheat

Local grain elevators are paying $1.50 for No. 2 red wheat. Other grades are ourchased on their merits.

Produce Markets

Bu . tte /.J w . hol .? sale P rlce > No. 1. 47Q48C; No. 2. 45@46c lb. Butterfat (buying price)—4sc .b Cheese (wholesale selling prices, per poundt—American loaf. 34c: pimento loaf. 33c; Wisconsin flat, 39c: prime cream. 25@ 27c; flat daisy. 26® 27c; Longhorn. 26®. 27c; New York limberger. 32c. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off, 26@27c doz Poultry—(Buying prices'; hens. 22; Leghorn hens. 14@15c; 1928 spring, large breed. 2 lbs. and up, 286125 c: 1%&1% lbs., 23®25c; Leghorns. 20®31c; old roosters, large. 12c; small. 10c: ducks. 10c: geese, 84110 c; guineas, young, 50c; old. 35c. By United Press NEW YORK. July 10— Flour—Dull and lower. Pork—Dull. Mess— $30.50. Lard— Easier; miawest spot. sl2 20® 12.30. Sugar —Raw, easy; spot 96 test delivered duty paid. 4.27® 4.33 c; refined, quiet; granulated, 5 85675.90 c. Coffee—Rio No. 7 on spot. 16c; Santos No. 4, 23%@24c. Tarlow—Steady; special to extra, 8%(@8%c. Hay—Weak; No. 1. $1.25: No. 3. 75c@$l; clover, 70c6t51.15. Dressed poultry—lrregular: turkeys. 25® 47c; chickens. 2661 43c; broilers, 30® 41c: fowls. 156/30c; ducks. Long Island. 23c. Live poultry—Dull: geese, 10® 12c; ducks. 156/22c; fowls. 256/ 27c; turkeys, 20® 25c: roosters, 19c: broilers. 256/ 45c. Cheese—Steady; State whole milk, 306132 c; voung Americas fresh, 26 %c. Potatoes—Southern. $1 (fr 1.75; Bermuda. $4 @5. Sweet potatoes—Jersey basket. *3.75® 4.50. Butter—Steady: receipts. 23.132, creamery extras. 44%#45c; special market. 45%#46c. Eggs—Firm: receipts. 51,482nearby white fancy. 376/39c; nearby State whites, 316/37c; fresh firsts. 30%6?30%c; western whites. 316/33%c: Pacific Coasts. 326i.39c; nearby browns. 30%@38c. By United Press CLEVELAND. July 10.—Butter, extra In tub lots. 46%@ 48%c; extra firsts. 43%6i 45 I ,ic; seconds, 38%6/40%c; prints, one to three cents above current quotations. Eggs —Extras, 33c; extra firsts. 31'ic; firsts. 29c; ordinary, 27c. Poultry—Heavy broilers, 356/ 40c; Leghorns. 266/23c; heavy fowls. 27® 28c; medium stock. 276/ 28c; 7,eghorns. 18® 20c; old ducks. 20® 22c. Potatoes—U. S. No. 1 cloth top, stave barrels, Virginia $2.25: North Carolina, $1.90 @2; slat barrels. $1.65® 1.75. Building Permits Bert G. McKiney, dormer, 842 Weghorst, S2OO. William Goos, dwelling and garage, 4601 English, $3,200. Hugh McDonald, dwelling, 2434-36 Parker. $2,200. Jacob Solotken, warehouse, 440 W. Michigan, S4OO. Myrtle Glng. porch. 139 S. Emerson. SSOO. Edith A. Kane, dwelling and garage, 1430 N. Colorado, $3,150. * ’ Edith A. Kane, dwelling and garage. 925 N. Healing. $3,150. George Shelby, porch, 561 W. TwentyEighth, S3OO. Anna L. Schrader, garage, 1440 Woodlawn, S2OO. Jessie Bowman, garage. 1903 E. Maryland, $225. James McMath, reroof. 2415-17 E Eleventh. $248. B. F. Perkinson. dwelling and garage. 923-25 N. Emerson. *6.500. Louis E. Johnson, porch, 849 Broadway. $3.00. S2O0 SCPh Lorenz ’ reroof > 1814 Ingram, William D. and C. J. Vogel, dwelling and garage, 1715-17 Martlndale, $3,300. E. T. Lefferson, addition, 345 Howard PI- SSOO. GuTrfo?d T * U 5 d 75 r 6. dWemnK Bnd garaß6 ’ 5546 8 3 ?N A -L?nw n Qod oU *3 e :9sS Welllng a " d gara * e ’ Bell, addition, 2542-44 Columbia, 4909 I.' Elev^rk d 00 elllng and gßrage ’

FAILS TO PROSECUTE; WOMAN PUT IN JAIL “Changes Mind” About Appearing in Court Against Husband. Imprisonment of Mrs. Mary Bruder, 510 Lord St., until this afternoon for failure to appear in court was ordered this morning by Municipal Judge Clifton R. Cameron. She is the prosecuting witness in a case charging her husband, Hudson Bruder, with assault and battery. When the case was called the court was informed that “she had changed her mind.” Deputy Prosecutor William Miller asked that a forthwith subpoena be issued. Cameron continued the case until this afternoon, issued the subpoena and directed that Mrs. Bruder be confined to jail until the case is called. “These witnesses that use the police department and prosecutors to protect themselves can’t get together outside and change their minds,” the court stated. Mrs. Hoover’s Father Better PLACERVILLE, Cal., July 10.— C. D. Henry, 84, father-in-law of Herbert Hoover, Republican presidential candidate, was reported “resting easily” at a sanltoriuip-here today. He is suffering from heart disease and paralysis.

In the Cotton Market

(Bv Thompson and McKinnon) -NEW YORK. July 10.—In a market like Monday s you are quite safe in attributing the bulk of the buying to the trade. They look at the price while the trader follows the trend. If we meet the Liverpool market which as this is written, would mean 20 points higher. We think opening prices will be closed to the high •Tor the day as the weekly-weather Wednesday is sure to be bearish although they may sav as much as they are allowed under the recent order about the boll weevil. By United Press NEW YORK, July 10.—Cotton futures opened higher. October 21.70. up .08; December 21.54, up .08; January 21.42. up 11; March 21.32, up .10; uly 21.58, up .13.

The City in - Brief

WEDNESDAY EVENTS Indiana Associated Credit Bureaus convention, Spink-Arms, a 1 Cay. Kiwanls Club luncheon, Claypool. Purdue Alumni Association luncheon, Severin. Lions Club luncheon, Lincoln. Indianapolis Round Table luncheon, Lincoln. Junior Chamber of Commerce luncheon, Chamber of Commerce. Lambda Chi Alpha luncheon. Board of Trade. Alpha Eta Pi meeting. Lincoln, 7:30 p. m. The Kiwanis Club will observe “M. D.’s day” at Its lunebeon Wednesday, at the Claypool. The committee in charge of the program consists of Drs. G. B. Jackson, Louis Segar, William E. Tinney, H. R. McKinstray and S. H. Malpas. Elmer Pettitt, 13, of 206 N. Richmond St., was reported missing today, He told his mother he was going to a camp with two other boys, but the police said he also told playmates he was going to Carolina. Boy sailors at Camp Gridley will go to Lake Manitou, July 28, to witness the field trials and dog races for two days Lieut. E. F. Burton, camp commander, announced. They will also take part in the American Legion convention parade at Lafayette, Aug. 26-28. Petitions of nine prisoners In the Indiana Woman’s Prison for clemency have been denied by Governor Ed Jackson upon the recommendation of the board of trustees, who forwarded the pleas. Close termination of sentences and poor prison records were given as the cause of denials. Porter Talbert, 25, of Morristown, Ind., who was run over by a tractor while working on a road near Morristown late Monday, was reported improving in Methodist hospital here today. Fire of undetermined origin caused S2OO damage at the warehouse of the King Coffee Company, 1203 Cornell Ave. George Turner of Fashion Dry Cleaners was chosen president of the Indianapolis Dry Cleaners’ Association at an organization meeting Monday night at the Denison Hotel. Eight firms were represented. Governor Ed Jackson announced today that he and his family will go on vacation at the dunes, in Lake County, beginning July 20, for six weeks. Bids for cleaning and redecorating the lower floor walls and ceiling of the Statehouse will be received by the building and grounds committee July 27, it was announced today. DENIES BEATING WIFE Admits Fighting at Home of One of Two Alleged Spouses. Orleff Eastes, arrested ten days ago on bigamy charges and out on oond, came to police headquarters this morning and said that he had read in a newspaper he was wanted for beating one of his wives Monday night. He admitted that he went to the home of his first wife, Mrs. Frances Eastes, 845 N. East St., and finding three men there, started a fight. He didn’t remember striking his wife or police chasing him, he said. The bigamy charges were filed by Mrs. Eastes on the grounds of a second marriage to Miss Deris Webb Arbuekle, 23 S. Oritental St., a few months ago. The Eastes have been married six years and have one child.

NAB MAN IN EVANSVILLE Roy Greiner Believed Wanted for Shooting Cop Here. Roy Greiner, 30, of Evansville, under arrest there on a vehicle taking charge, is believed to have been the companion of Roy Colwell, 27, of 2119 Bolton St., the night Colwell and a companiou fought a gun battle with Detectives Charles Russell and Robert Taylor, wounding Russell, Detective Chief Jerry Kinney announced today. Colwell was arrested here Sunday. He also was wounded in the gun fight when the detectives surprised him coming after an alleged stolen car parked in a garage in the rear of 1456 Central Ave.

JOHNNY —- GIN-

Charter No. 565. Report of the condition of The State Bank of Massachusetts Avenue, at Indianapolis, in the State of Indiana, at the close of its business on June 30th, 1928. L. E. YUNCKER. President. F. W. JUNOCLAUS, Vice President. A. J. KRUGER, JR., Cashier. RESOURCES Loans and Discounts $269,768.29 Overdrafts 33.21 U. S. government securities .. 41.500.00 Other bonds, securities, etc.... 30,147.50 Furniture and fixtures 3,250.00 Due from trust companies, banks and bankers ana cash on hand 46,274.15 Cash Items 849.75 Other assets not included In the above 75.00 Total $391,898.00 LIABILITIES Capital stock—paid in $ 25.000.00 Surplus 5,250,00 Undivided profits—net 3,334.89 Demand deposits... .$229,497.80 Demand certificates. 1,100.00 Savings deposits ... 120,974.73 Certified checks ... 115.58 Cashier’s—Treas. checks 357,688.11 Dividend unpaid 625.00 Total $391,893.00 State of Indiana. County of Marlon, ss: I, A. J. Krueger, Jr., cashier of the State Bank of Massachusetts Ave., Indianapolis, do solemnly swear that the above statement Is true. A. J. KRUEGER, JR. Subscribed am! sworn to before me this 3rd day of July. 1938. (SEAL) HOMER D. BASSETT, Notary Public. My commission expires, May 27th, 1931.

PYTHIAN LODGE WILL CONVENE IN SOUTH BEND Order of Calanthe Slated to Join in Sessions July 23-26. Indiana Grand Lodge, Knights of Pythias, and Grand Court, Order of Calanthe, will convene in annual session in South Bend, from July 23 to 26, inclusive. Convention headquarters, all sessions and social events will be in the Knights of Columbus Bldg., 320 W. Jefferson St. Hosts will be St. Joseph Lodge No. 51, Attorney Charles H. Wills, chancellor commander, and Northern Star Court No. 32. Order of Calanthe, Mrs. Cora B. Hill, worthy counsellor. Sir Henry N. Hill, 1501 W. Washington St., South Bend, is general chairman of the Pythian and Calanthe Grand Lodge committees. Sir Ernest G. Tidrigton, Evansville, is grand chancellor of the Indiana Pythians. Mrs. Julia Reed, Indianapolis, is grand worthy counsellor , Order Calanthe, and Mrs. Zoia Smith, South Bend, is grand worthy matron of the juvenile department. Welcome by Officials The week’s activities will open Monday night with addresses of welcome by Mayor Chester R. Montgomery and George Firmin, secretary of the South Bend Chamber of Commerce. Wednesday, July 25, will be the gala day of the sessions. More than 10,000 visitors are expected in the city for this occasion. Among the delegates attending from Indianapolis will be Lee Lunderman, Amos Bybee. Robert Gillian' Will Porter, Thomas Pryor, Silas Pritchett, Claude Strider, Jerry P. Daniels. Active grand lodge officers from the Calanthe court are Mesdames Carrie White, Katie Boyer, Minerva Worthington, Effie Scott, Hattie Rawls, Lucy Hayden, Julia Reed and Bertha Reed.

Prepare for C. M. T. C. A: rangements have been completed for opening of the C. M. T. C. at Fort Benjamin Harrison on August 1, for the training of Negro boys. A unit of fifty boys has been formed and as fast as other units are completed they will be admitted. Boys registered for this training are from Ohio, Kentucky, Illinois, and Indiana. Leaders in the movement to establish this camp are Marcus Stewart, local publisher, and Dr. Homer Wales. All branches of The Supreme Royal Circle of Friends of the World are urged to have their members present at Midway Hall, 1219 N. Senate Ave., Wednesday at 8 p. m., to meet C. E. Spencer, supreme supervisor for Indiana and its jurisdiction. R. F. Williams, district deputy, will announce plans for a thirtyday membership campaign at this meeting. Church Holds Meetings Much interest is being shown in the educational, spiritual, and financial meetings at First Baptist Church, Fill Creek Blvd. and Rader St. The Rev. H. H. King, Anderson, wiJ speak tonight; the Rev. J. E. Jones and choir will present a program Wednesday night; the Rev, Martin and choir Thursday night, and the Rev. C. W. Bell and chcir will give the program Friday night. The Rev. F. F. Young is pastor. Central committee of Calanthe court elected the following officers for the next term: Mrs. Lucy Hayden, .president; Mrs. Lizzie Galloway, vice president; Miss Lulu M. White, secretary; Mrs. Clara Smith, assistant secretary; and Miss Le Frances Waters, treasurer. Funeral services for Mrs. Anna Summers, 75, of 410 W. Fourteenth St., were held today at Mt. Paran Baptist church. Mrs. Summers was a charter member of the church and one of the early settlers of Indianapolis. The Rev. Charles H. Bell officiated. Paul Perkins, boy evangelist, will

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS New York Stock Exchange Chicago Board bf Trade New York Cotton Exchange Chicago Stock Exchange New York Curb Association 300 Fletcher American Bank Bldg. Telephone LI ncoln 8391

We Offer an Unusual Safe Investment r—Yielding 3% Net , American Loan Company’s Cumulative Preferred Stock (NONTAXABLE) j Record This company has established a record of continuous increase in business and profits each year for a period of thirty years and will bear the strictest investigation for a safe investment. Priority This preferred stock has priority over all equity and interest of common stock. Back of this preferred stock is the company’s ownership of mortgages, notes and collateral securities. Shares SIOO Each, Par Value Call, Write or Phone Us Umphrey & Hartz 347 Bankers Trust Bldg. Lincoln 8439

JULY 10, 1928

preach tonight, Wednesday and Thursday nights at Mt. Paran Baptist church for benefit of the choir and Company A. Attorney and Mrs. C. R. Richardson of Richmond, were in the city last week. Mrs. Richardson attended sessions of the Indiana Colored Womens Federation. ciau'ie Barnett, Chicago, of the Negro Associated Press, and A. L. Holsey, Tuskegee, Ala., secretary to Dr. R. R. Moton, were in the city on business last Friday. John Moore, Highland PI., is spending the summer in Little Boars Head, N. H. Mrs. Tiney Owens, Nashville, Tenn., is visiting Mrs. Sarah Tidwell, 718 W. Twenty-Fifth St. Herbert Kirk, son of Mr. and Mrs. Robert Kirjc, has joined a group of musicians at St. Ignas, Mich., for the summer. Cecil DuValle, recently returned to Indianapolis, has joined his brother Reginald in anew enterprise of the east side.

CORN GROWING CONTESTOPENS Entries in Indiana Event Exceed 1,500. By Times Special LAFAYETTE, Ind., July 10.—The Indiana Corn Growers’ Association marathon, the five-acre corn growing contest, has started with an enrollment of more than 1,500 of the best corn growers distributed in eighty counties of the State, according to M. O. Pence, chairman of the five-acre corn club of the association. The race is to determine the IG2B champion com grower of Indiana and possibly of the world. Last year's winner, Harry Ayler, Brooksburg, Jefferson County, who produced a record yield of 152.53 bushels per acre is enrolled again this ’’ear. Several former champions including William Neukam, Martin County, 1926 champion and John Barnes, Jefferson County, champion in 1925 and most of the others, who have produced among the ten highest yields each year are also enrolled. The association is again offering gold medals for yields of 100 bushels or more per acre, silver medals for yields of 85 to 100 bushels, and bronze medals for 75 to 85 bushels. In addition to these awards ten counties give challenge cups for the largest yields in the counties. Fertilizer companies are also offering educational trips as a stimulus to better yields of corn.

Municipal Bonds For July Investment Ask for Circular Bond Department The UNION TRUST COiPANY of Indianapolis 120 E. Market. Ri. 5311