Indianapolis Times, Volume 40, Number 45, Indianapolis, Marion County, 13 July 1928 — Page 21

J ULY 13, 1928_

NEW YORK BANK RATE BOOSTED; EXCHANGE QUIET Wall Street Is Indifferent to Stringency in the Money Market.

Average Stock Prices

Average of twenty Industrials Thursday was, 206.71, up .28. Average of twenty rails was, 136.13. off .64. Average of forty bond! was, 96.65, off .24. By United Press NEW YORK, July 13.—Wall Street displayed surprising indifference to the advance in the New York rediscount rate announced after the close of the market last night and offerings of principal speculative leaders in the early dealings were remarkably light. The substantial decrease in brokerage loans was a bullish factor and brought support in some sections of the list. Prices, however, shaded off moderately after a steady opening and new lows on the movement were made in several speculative leaders. G. M. C. Resists General Motors displayed considerable resistance to selling pressure, but soon lost early improvement. United States Steel was also supported around its previous closing levels, while declines in radio, the airplane issues and other special issues were held to small figures. Describing the market, the Wall Street Journal’s financial review today said: “Seling of stocks on the announcement of the advance in the New York bank rate was moderate by general expectation that such action would promptly follow the increase at Chicago. Moreover a developments off setting this factor was the decrease of $64,355,000 in brokerage loans.” Special issues like Schulte Retail Stores, Missouri-Kansas-Texas and the mail order shares were taken in good sized blocks around their previous closing levels. Some of the independent motor shares registered small losses, while oils were quiet and little changed. Leaders Recede at Noon Some recession from their early high were scored by principal speculative leaders in the noon dealings. Trading, however, showed a marked disposition to slow down on the selling, indicating that the technical position of the market was not harmed by the morning rise. Money conditions were easier with call loans dropping to 7 per cent, and heavy buying continued in General Motors, Steel and other speculative leaders on the recession. Buying of General Motors was stimulated by the record June sales report published today. Rubber issues made new highs on the movement under the leadership of Urn ted States Rubber, which was in broad demand, while buying of the oils was stimulated by impressive accumulation of Richfield.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, July 13.—The increase of both call and time money rates Thursday emphasize the fact that those in charge of our credit affairs regard further liquidation as necessary. Otherwise, there would have been no need of the high rate or the advance in the rediscount rate at the New York and Richmond Reserve banks. Other reserve districts will undoubtedly follow the same course and thereby aggravate an already acute situation. As far as we can see there is no use trying to ignore this state of affairs. The situation calls for liquidation untii there are indications in the money market that all has been rectified.

Banks and Exchange

INDIANAPOLIS STAATEMENT Local bank clearings today were, $4,Debits were, $9,052,000. NEW YORK STATEMENT Bn United Press NEW YORK, July 13.—Bank clearings today were, $1,301,000,000. Clearing house balance was, $128,000,000. Federal Reserve bank credit balance was, $105,000,000. CHICAGO STATEMENT Bn United Press _ , CHICAOOO, July 13.—Bank clearings today were, $118,900,000. Clearing house balance was, $9,100,000. TREASURY STAATEMMENT Bn United Press WASHINGTON, July 13.—The Treasury net balance for July 11 was, *193,450,292.41. Customs receipts this month to July 11, were, $12,798,325.04. FOREIGN EXCHANGE Bn United Press NEW YORK, July 13.—Foreign exchange opened lower: Demand sterling. $4.85%, off .00 9-32; francs. 3.90%e. off .00%; lira. 5.23%C, off .00%; Belga, 13.92 c, off .00%; marks, 28.77 %<:,• off .03%. LIBERTY BONDS Bit United press NEW YORK, July 13.—Liberty 3rd 4Vs opened at 99.31, off 2; 4th 4%s 100.18, Off 2. REPRESENTS FIREMEN W. B. Griffis Named Delegate to Terre Haute ConventionCity Gamewell Superintendent William B. Griflls, today was elected delegate to the eleventh convention of the Indiana Firemen’s Association at Terre Haute, July 17. Lieut. John M. Mahoney was named alternate. The Indianapolis Police and Firemen’s Band and the board of safety composed of Fred Connell, Ira Haymaker and Robert Miller and Fire Chief Harry E. Voshell probably will attend, according to Benjamin Wheat, secretary of the Indianapolis local. Home Adjutant Appointed Bn Times special LAFAYETTE, Ind., July 13.—Edward E. Lewis, Ft. Wayne newspaper man and Spanish-American war veteran, has been appointed adjutant of the Indiana State Soldiers’ Home here, succeeding Charles F. Zillmer, promoted to commandant. SUGAR OPENING NEW YORK, July 13.—Sugar futures opened higher. Sept., 2.34. up .02: Dec., 2.47, up .02; Jan. 2.48, up .03; March, 2.44, up .04; May, 2.51, up .04; no July,

New York Stocks

(By Thomson Sc McKinnon)”

—July 13— Railroads— Prev. High. Low. 12:00 close. Atchison 186 185V4. 185% 186% Atl Coast Line 167 Balt & Ohio ...105 104% 105 106 Cnaadian Pac ..201 199% 201 201 Chesa Sc Ohio 179 chi Sc Alton 10 Chi & N West.. 80 79% 80 80 Chi Grt West... 13% 12% 13% 13 C R X & P 11l ... 110% 111% Del Sc Hudson... 184 ... 184 184% Del & Lacka ...132% ... 132 132% Erie 51% 51% 51% 52% Erie Ist pfd ... 51% 51% 51% 51% Ort Nor pfd ... 96% ... 96 96% 111 Central 139% ... 139% 139% Lehigh Valley .... • 97 Kan City South 47% Lou Sc Nash 143 % M K <fc T 35% 35% 35% 35% Mo Pac pfd 113% 113% 113% 114 N Y Central ...168% 186% 168% 168% NYC&St L... 126 1 /, ... 125 125 N Y N H & H.. 55% ... 55% 55% Nor Pacific .... 95% ... 95 94% Norfolk & West .176 ... 176 176% Pere Marquette 130 Pennsylvania .. 63% (13% 63% 63% Reading ....... 98 ... 98 98% Soutrern Rv 145% 145 145% 145% Southern Pac ..119% 119% 119% 119% St Paul 33% ... 33% 33% St Paul pfd .... 44% ... 44% 44% 8t L Sc 8 W 84 St L & S F 110% ... 110% 110% Texas Sc Pac 158 ... 158 158 Union Pacific ...190% ... 190% 191% West Maryland. 38% 37% 38 39% Wabash 70% 70 Vs 70% 71 Rubbers— Ajax 9% 8% 9% 8 7 /o Fisk 12% 11% 12% 11% Goodrich 75% 73% 75% 74% Goodyear 48 45% 48 47 Kelly-Spgfld ... 20% 19% 20y 4 20 Lee 19% 18% 19 18% United States .. 32% 29 31 29% Equipments— Am Car & Fdy 93 Am Locomotive. 96% ... 96% 96%, Am Steel Fd 52% ... 52% 52% Amer B Shoe.... 40% ... 40 41 General Elec ...147% 144 147% 146% Gen Ry Signal.. 95% 94% 95% 96% Lima Loco 58 N Y Airbrake ... ' ... 41% Pressed Stl Car.. . ... ... 21% Pullman 81% 80% 81% 81 Westingh Air B. 45 ... 44% 45 Westlngh Elec .. 92 91 92 91% Steels— Bethlehem 54 53% 54 53% Colorado Fuel .. 59% 57% 59% 57 Crucible 71% ... 70% 71 Gulf States Stl 53% Phil RC & 1.... 29 ... 28% 29% Rep Iron & Stl.. 50 ... 50 50% Otis Steel 21% ... 21% 21% U S Steel 135% 134% 135% 135 Alloy 32% ... 32% 32% Youngstwn Stl 86% Var.djtlum Corp.. 69% 68% 69 69% Motors— Am Bosch Mag.. 31% ... 31% 31% Chandler 15% Chrysler Corp... 71% 69% 71% 71% Conti Motors ... 11% ... 11% 11% Dodge Bros ... 131/., ... 13% 13% Cabrlel Snbbrs.. 19% 10% 19% 19% General Motors .185% 181% 185% 184% Hudson 81% 79% 81% 80% Hupp 55% 53% 55 56% Mack Trucks ... 89 88% 88% 89% Martin-Parry ... 17% ... 17'% 17 Moon ~.' 714 Paige 30% 30% 30% 31 Nash 82% 80% 81% 89% Packard 73% 71'% 73 73% Peerless 17% Pierce Arrow .. 11% ... 11% 11% Studebaker Cor. 7% 86% 67 67 Stew Warner ... 86% 86 86% 86% Stromberg Cart 48% Timken Bear ...118% 117% 118 118% Willys-Overland 21'/ ... 21% 21% Yellow Coach ... 32% ... 32% 32% White Motors .. 36% ... 36% ... Mining— Am Smlt Sc Rfg .188% 187% 187% 190% Anaconda Cop .. 65% ... 65% 66'% Calumet Sc ArlZ. 95% 94% 95 95 Cerro de 77V* ... 73'/, 74 Chile Coppe- ... 44% ... 44'% 45 Oreene Can Cop. 97% ... 96 98% Inspiration Cop. 21% ... 21% 21% Int Nickel .... 90% 89% 89% 90% Kennecott Coi .. 92% 90% 92% 91% Magma Cop .. ..... ■■■ o Miami Copper .. 20 19% 20 20 Texas Gull Sul.. 68 65’/* 68 661a U S Smelt 46 ... 45% 46 Atlantic Rfg ..135 133% 134% 133% Freeport-Texas.” 69% B]% 68% 70% Houston Oil ....130% 130 130Ja 130 Indp Oil Sc Oas 23% ... 23% 23% M?d-Cont°Petrof 28% i!! 28% la pln-Am I p*t T B r :: 42 *4i % ‘ii | Phillips Pet.rol. 36% ... 36% 36% Pro & Rfgrs... .. ... -ai Union of Cal.. 50 ... 50 50/b Pure Oil 22% ... 22% 22 Royal Dutch >... 55'/ ... 55'/a 54% chell • 26% Simms’Petrol .. 20% ... 20% 20% Sinclair Oil ... 24% 23% 24, 4 23* Skelly Oil 29% ... 29% 29% Std OH cal ... 57% ... 56% 57 Std Oil N J.... 42% ... 42% 4.1% Std Oil N Y.... 33% ... ’33% 34 Texas Corp .... 58% 58% 58% 59 Transcontl .... 7% •■ ■ 7% 7% Richfield 47'/a 44% 47 46 Industrials — .... Adv Rumely ... .. ... 45 Allis Chalmers ..123Va ... 123% Allied Chemical. .170 166% 168% 168 Armour A 18 ... 18 18% Amer Can ...... 83% 82 83% 83% Am o, Sifr* Rfg ®r / Am Beet Sugar ... Austin Nichols.. 5% ... 5% 5 a Beechnut Pkg 71 California Pkg.. n ... 71 70% Corn Products.. 70 ... 10 70,1 Cuba Cane Su p .. ... 20 Cuban Am Sug. 19 ... 19 19 Flelschmann Cos. 68'/a 68 68 68 Jones Bros Tea.. 27'/a ~. 27'/s 27% Natl Biscuit , ... --i,, IJI. Natl Dairy 77'/a ... 77% 76% Postum Cos 63'/a 63 63% 121 Ward Baking B. 19 ... 19 19% Tobaocos— „ .. Am Sumatra .... 58 ... 58 59 Am Tobacco 156% ... 156% }*B Am Tob B 156% ... 156% 153 Con Cigars .... 84% .... 84% 85 General Cigar.. .. ;.. ... 62% Llg Sc Myers „ 8., Lorillard 25% ... ... 28 R J Reynolds... 135% ... 135 134% Tob Prod (B).. 99% ... 99% 100% United Cigar St 25 ... 25 26% Schulte Ref Strs 55 ... 54% 63 Union Carbide ..144 ... 143'/s 144 U. S. Leather ... 43 ... 43 43 Univ Pipe 18% ... 18% 18% U S Cs Ir Pipe 248 U S Indus A1c0..107% 107 107 106% Wright 137% ... 136 140 Woohvorth Cos 179 Utilities— Am Tel & Tel ..174% ... 174'/, 174% Am Express 190 Am Wat Wks ... 57% ... 57% 56% Brklyn-Manh T. 61% ... 61% 60 Col O& E 106% ... 106% 107 Consol Gas 145% 144% 145'/a 145% Elec Pow & Lt.. 34y, ... 33% 34'/a Interbcro ....... 37% ... 37% 38% Nor Am Cos 68% ... 68 68% Nat Power 33% 32% 33 33 % Pub Svc N J 54 53 53% 53% S Cal S 46% ... 43'/a 46% Std Gas Sc E 1.... 68y, ... 63V, 64 Utilities Power. . 37% ... 37% 37% West Union Tel 140'/a Am'lnUCorp ... 93% 92% 93 ‘ 94% Am Chip & Com 47 Atl Gulf & W I. 46 ... 46 46% Inti Mer M pfd 36</ 2 United Fruit ...134y, ... 134% 134'/ a Am Hide Lea 10 Am H L pfd 43 Am Linseed 105% ... 104% 106 Am Safety Raz 61 Vi Amer Ice 39% ... 39% 39’/, Am Woolen 18'/, Coca Cola 159 ... 159 161 Conti Can 95V, ... 95 96 Certalnteed , 41% Congoleum 22% ... 22'/, 22% Curtis 100 97% 100 100 Davison Chem.. 50'/a ... 50 49% Dupont 366 ... 265 368 Famous Players 125'/a 125% 125% 126% Gen Asphalt .... 71 70% 71 70% Int Bus Mch.... 119 ... 119 119'/s Int Cm Engr.... 57% 56% 57 58 Int Paper 69 68'/, 69 69 Int Harvester , 259% Lambert ...... i .105 Vs ... 105'/, 105% Loews 52% ... 52 52% Kelvinator 14% .. 14% 15 Montgom Ward 153% ... 152% 153% Natl C R 587', ... 58% 59% Pittsburgh Coal 45% ... 45% 47 Owens Bottle ..77% ... 77% 77% Radio Oorp 166'/, 163% 166 167 Radio Corp 166% 103% 166 167 Real Silk 27'/a ... 27% 27% Rem Rand 29% 29'/, 29% 30 Sears Roebuck ..114 111% 114 113

Local Wagon Wheat

Local grain elevators are paying $1.45 for No. a red wheat. Otner grades are ourchased on their merits. RULES~ON FOX TAXES State Board Orders Live Animals Assessed for Full Value. Black and silver foxes must be assessed for their full value by assessors in counties where they are raised, John J. Brown, chairman of the State tax board, declared today in a letter to William E. Black, Lake County assessor. Values of the fox pelts range between sls and SBO, Black said in his query, but it was difficult to determine the value of the live fox, which the board has determined must be considered property and valued as such. There are 110 fox farms in Indiana, Brown said.

PORKERS GO UP GENERALLY 15 GENTSAT YARD All Other Animals Steady Here Today With Hog Top at $11.75. July Bulk. Top. Receipts. 6. 9.75® 11.75 11.80 . 7,500 7. 9.75011.50 11.50 ' 7,000 9. 9JJS® 11.60 11.65 5.500 10. 9.75® 11.40 11.50 8.000 11. 9.75® 11.40 11.50 ' 5.000 12. 10.00® 11.50 11.60 7,000 13. 10.00® 11.65 11.75 7,000 Hogs advanced generally 15 cents on the hundredweight at the Union Stockyards today and the best sold for $11.75. Material in the ouik weighing 180-300 pounds brought $11.65. Receipts were estimated at 7,000. There were 462 held over. Receipts were steady to lighter in other divisions where the tone was unchanged. The Chicago mark*'* opened fairly active, 10 to 15 cents higher than Thursday’s best prices. Several loads of choice 180-260-pound animals went at [email protected], and $11.65 was paid for choice 215-pound weights, Receipts numbered about 15 000 All Porkers Up Heavy meat animals, 250-350 pounds, sold for $11.40® 11.65, up evenly 15 cents and material in the 200-250 pounds class brought $11.65 @11.75, 15 cents higher. Lights, 160200 pounds, advanced the same amount and sold for $11.40® 11.65. Light lights, 130-160 pounds, went up 15 cents on the top, selling at slo@ 11.15. Pigs, 90-130 pounds, brought [email protected], up 25 to 40 cents, while packing sows advanced evenly a quarter to $9.50® 10.50. Beef steers fluctuated slightly, selling at sl3@ 15.50 in an otherwise steady cattle market. There were only 500 head here. Beef cows brought $8.25 @10.50; low cutter and cuter cows, $5.25®7.25, and bulk stock and feeder steers, $8 @l2, all unchanged. Others Are Steady Best vealers were selling at sls® 16, and heavy calves at s7®ll in a steady division supplied with approximately 800 animals. Sheep and lambs were also unchanged, with 1,000 in the pens. The top was sls, and bulk fat lambs brought $14@15. Bulk culls were s9® 11, and bulk fat evtes, $4.50® 6.50. —Hor — Receipts, 7,000; market, higher. 250-350 lbs $11.40® 11.65 200-250 lb*.- 11.65® 11.75 160-200 lbs [email protected] 130-160 lbs 10.00® 11.15 90-130 lbs 8.50f 10.15 ! Packing sows 9.50©10.5, -CattleReceipts. 500; market steady. Beef steers .$13.00® 15.50 Beef cows 5.25®10.50 Low cutters and cutter cows.. 5.25® 7.25 Bulk stock and feeder steers.. [email protected] —Calves— Receipts, 800; market steady. Best vealers $15.00® 16.00 Heavy calves 7.00® 11.00 . —SheepReceipts, 1,000; market steady. Top fat lambs $15.00 Bulk fat lambs 14.000T5.00 Bulk cull lambs 9.00® n.oo Fat ewes 4.50® 6.60 Other Livestock By United Press FT. WAYNE, Ind., July 13.—Hogs—Receipts, 500; market, 15 to 35c higher; 90no lbs.. $8.75; 110-130 lbs,, $9.50; 130-140 lbs., $10; 140-150 lbs., $10.80; 150-160 lbs . $10.75; 160-170 lbs., $11.10; 170-200 lbs., $11.30; 200-250 lbs., $11.45; 250-300 lbs.. $11.05; 300-350 lbs., $11.15; roughs. s9® 9.25; stags. $8®8.50. Cattle—Receipts, 100; calves, receipts 100; market. $16.50 down; sheep, receipts 200; market, lambs, sl4 down. By United Press TOLEDO, July 13.—Hogs—Receipts. 300; market. 15®25c up; pigs, 50c up; heavies, $11.25® 11.50; mediums. $11.604111.75; Yorkers, $11.50/7411.75; good pigs, $9.75(310.75. Cattle—Light; market, slow; calves, light; market, steady. Sheep and lambs—Light; market, steady. Bn T’nihil Press CINCINNATI. July 13.—Hogs—Receipt*. 3.700; holdovers. 1,285; market, 154/25c up: 250-350 lbs., $11.50® 12; 200-250 lbsi. $11.75 ® 12; 160-200 lbs.. $110.12; 130-180 lbs.. $10.25® 11.25; 90-130 lbs., sß® 10.25; packing sows, $8.50® 10.50. Cattle Receipts, 525; calves, receipts 450; market grass cattle, 25®50c down; beef steers. sll®>l4 75; light yearling steers and heifers. $11®: 15; beef cows, $7.50® 9.50; low cutter and cutter cows. $54(0.50; vealers, sl3® 16; heavy calves, *11014;’ bulk stock ahd feeder steers, $10.25® 11.50. Sheep—Receipts, 1,100; market, steady; top fat lambs, *ls; hulk fat lambs, $12.50® 14.50: bulk cull lamßS, $94/11.50; bulk fat ewes, s4® 8. By United Press CLEVELAND. July 13.—Hogs—Receipts. 800; market. 54115 c up: 250-350 lbs.. sll 85 ©11.90; 200-250 lbs., $11.83011.90; 160-200 lbs.. $11.75; 130-160 lbs., $10.75011.90: 90130 lbs., $10.25® 10.50; packing sows. $8,754/ 9.25. Cattle—Receipts. 225. Calves—Receipts. 300; market, slow weak: market, steady; beef steers. $11.25® 12.55: beef cow's. $7.50®9.50; low cutter and cutter cows. $5.50®'7; vealers. $14017. Sheen — Receipts. 460; market, steady: top iat lambs, $15.25; bulk fat lambs, *14.50® 15.25; bulk cull lambs, $110:12; bulk fat ewes, SSO 6. Bu Times Bpeeinl LOUISVILLE. July 13.—Hogs—Receipts, 600: market, 15c higher; best heavy and medium hogs 180 lbs up. $11.60; pigs and lights 180 lbs. down. $7.60010.10; stags and throwouts, $8.6009.10. Cattle—Receipts. 200; market, steady: prime heavy steers. *12.50® 13.50 ;heavv shipping steers. *ll® 12.50: medium and plain steer*. *104711; fat heifers. $10013.50; choice cows. s9® 10; medium to good cows, *6,50®9; cutters, *5.5006.50; canners. $4 5005.50: bulls, *o® 8.50: feeders, $9011.25; Stockers, $8.50® 11.25. Calf—Receipts. 200; market, steady: good to choice. *11.50013.50; medium to good. *9.50011.50; outs. *9 60 down. Sheep —Receipts. 1,500: lambs, 50c lower; sheen, steady: best mixed lambs, *13.50: ewes and wethers. *l4: few choice. *14.50; seconds. *803.50: lleht sheep. $6: heavy sheep. *4; bucks, $303.50. Thursday’* shipment*: Cattle, 172: calves, 144: hogs. 306; *heep.

2.774. TWO MOTORISTS HURT WHEN CAR CRASHES Auto Skids on Wet Street; Men Sent to Hospital. Harley Meyers, 27, of 1562 W. New York St., and Pete Parrish, 24, Cap-tol Hotel, were injured early today when their automobile skidded on the wet street and struck a support of the elevated tracks on Kentucky Ave. Parrish was hurled through the windshield. Both were treated at city hospital and taken to their homes. John Patterson, 16, of 1531 Leonard St., was severely bruised when the bicycle he was riding was struck by a machine driven by Russell Buchanan, 21, of 1145 Spruce St., Thursday night at Keystone and Woodlawn Aves. Mrs. Anna Berch, 64, of 319 Beauty St., was slightly injured when struck by a car driver, by Oscar Pryor, Negro, 416 Minerva St., in the 1000 block W. New York St. Pryor wa6 not held. Mrs. Mary Hazen, 22, of 1314 Woodlawn Ave., was slightly injured in an auto collision at Massachusetts Ave. and Sherman Dr.

THE INDIANAPOLIS TIMES

The City in Brief

SATURDAY EVENTS Indiana Junior Republicans convention, Severin, all day. Indiana Naturopathic Association, Severin, all day. Beta Theta PI lunoheon, Board of Trade. Sigma Alpha Epsilon luncheon, Chamber of Commerce. Petition for sale of the property of the bankrupt Pike- County Colliery Company was dismissed by Federal Judge Robert C. Baltzell Thursday for lack of equity. The company, an Illinois edrporation, went into bankruptcy two years ago and has been in the hands of a State court receiver. When an attempt failed to have the property sold failed in Illinois courts, the case was brought here. Means of preventing poultry unfit for food from being placed on the market were discussed by the Indiana Egg and Poultry Association at the Severin Thursday. William H. Berling, Indianapolis, presided. Several other sessions are planned to discuss problems of the egg and poultry industry. Marguerite Brown, 3, Negro, fell from the second story window of her home, 1939 W. Vermont St., today. Her mother, Mrs. Eddie May Brown, called police and the child was taken to city hospital. Doctors said she was not hurt. Petitions asking higher rates for four small telephone companies were filed with the public service commission today. The companies were the Oaktown Telephone Company, Frelandville Telephone Company and Pike County Telephone Company. C. R. Head is secretary and general of the four concerns. The Akers Telephone Company sought authority to charge a 25cent penalty for failure to pay bills. Asking for change for 55, a Negro threatened Oscar Johnson, clerk In the Standard grocery, 1201 E. Nineteenth St., with a knife Thursday afternoon. Snatching five $1 bills Johnson had taken from the cash register, he fled. Chester Boltin ghouse, 25, of 221 Prospect St„ is missing from his home. Robert Smock, 1007 S. Noble St., his brother-in-law, requested a police search. Dr. C. B. Blakeslee of Indianapolis is to be chairman of the gynecology and obstetrics section of the thirty-second annual convention of the American Osteopathic Association, which opens Aug. 6 at Kirksville, Mo., lt was announced today. Indianapolis Country Club fireworks display, to have been staged July 4, will be held Sunday night lat the club. Rain caused postponement on the holiday.

Produce Markets

Butter (wholesale price) No. 1. 47048 c; No. 2. 45046 c ib. Butterfat (buying price)— 45c lb Cheese (wholesale selling price*, per pound)—American loaf, 34c: pimento loaf. 33c: Wisconsin flat. 39c: prime cream. 25®; 27e; flat daisy, 26®27c; Longhorn. 26® 27c; New York limberger. 32c. Eggs—Buv ng prices; Fresh, delivered at Indianapolis, loss off. 26027 c doz Poultry (buying prlcesi—Hens 20021 c; Leghorn hen*. 14® 15c: 1928 spring, large breed, 2 lb*, and up, 27®28c; 1%®1% lbs., 23c; Leghorns. 21c; old roosters, large. 12c; small. 10c; ducks. 10c; geese, 8c; guineas, young, 50c; old. 35c. Bn United Press NEW YORK, July 13.—Flour steady, unchanged. Pork—Firm. Mess—s3l.so. Lard—Firmer. Midwest—Spot, $12.35012.45. Sugar—Raw, weak; spot 996 test; delivered duty paid. $4.21; refined, dull; granulated, $5.85 0 5.90. Coffee—Rio, No. 7 on spot, 10%® 16%c; Santos, No. 4, 23%024c. Tallow—Dull; special to extra, B®B%c. Ht.y— Quiet; No. 1, $1.25; No. 3. 75c® $1; clover, 70c® $1.15. Dressed Poultry—Steady; turkeys, 25® 47c; chlcdsens. 26043 c; broilers, ? 0® 41c; fowls, 15® 30c; ducks. Long Isand, 23c. Live Poultry—Steady to firm; geese, 1047 12c; ducks, 154723 c; fowls. 20 ®23c; turkeys, 204725 c; roosters, 194/19c; broilers, 28®.45c. Cheese —Steady: State whole milk, fancy to specials, 304732 c; young Americas fresh, 26%c. PotatoesSouthern. $1.250 1.75; Bermuda, $44/5. Sweets—Jersey basket, s2®6. Butter — Easy; receipts. 21,638; creamery extras, 45c; special market 45 %® 48c. Eggs— Steady; receipts. 23,081; nearby white fancy, 37®39e; nearby State whites, 31® 37c; fresh firsts, 30% 4; 30 %c; western whites, 31®33%c; Pacific coast, 32®39c; nearby browns, 30%®38c. By United Press CLEVELAND. July 13.—Butter—Extras In tub lots, 40%®49%c; extra firsts. 444/ 46c; seconds. 404/ 42c. Eggs—Extras, 34c; extra firsts, 32%c; firsts, 29%c; ordinary, 27',ic. Poultry—Heavy broilers, 354; 40c; leghorns, 244725 c; heavy fowls. 274/ 28c; medium, 26&27c; leghorns, 18020 c; old ducks. 204/22c; young ducks, 22&24c Potatoes—U. S. No. 1 cloth top. stave barrels, Virginia, $2; North Carolina $1.25 0 1.75; Slat barrels, $1.50471.75.

Indianapolis Stocks

—July 13— , „ . , Bid. Ask. Amer Central Life 650 Belt R R Sc Yds com 68 71 Belt R R & S Yd pfd 59 63 Central Ind Power Cos pfd ... 93% 101% Circle Theater Cos com 102% ... Cities Service Cos com 67% ... Cities Service Cos pfd 100% ... Citizens Gas Cos com 56 57% Citizens Gas Cos pfd 101 103 Commonwealth Loan Cos pfd .100 Eaultable' securities Cos com. 43 Hook Drug Cos com 31 Indiana Hotel Cos com 125 ..t Indiana Hotel Cos pfd 100 .7. Indiana Service Corp pfd .... 90 ... Indianapolis Gas Cos com ... 59% ... Indols & Northwestern pfd.. 12 Indp’s P & L 6%s pfd 104 105 Indpls P & L 7s 100% ... Indpls Pub We! Ln Assn .... 47% ... Indpls St Ry Cos pfd .29% 32% Interstate P S C prior lien iO6 108 Interstate FSCti pfd 94 99 . Merchants Pu Uttl Cos pfd ...101 North Ind Pub Serv Cos 6s ..100 103 Northern Ind Pub S Cos 7s ...109 Progress Laundry Cos com ... 31 E. Rauh ft Sonus Fert Cos pfd.so Real Silk Hos Cos pfd Standard OH of Indiana T H I Sc E Trac Cos com 1 ... T H Tree & Lt Cos pfd 93 Union Trac Cos com V* Union Trac Cos Ist pfd 1 Union Trac Cos 2nd pfd % Union Title Cos com . 80 Van Camp Pack Cos pfd 7% ... Van Camp Prod Ist pfd .... 93 101 Van Camp Prod 2d pfd 90 100 •Ex-dividend. —Bonds— Belt R R & Stk Yrds 4S 89 Broad Ripple Trac Cos 5s 87% ... Central Ind Gas Cos 5s 100 ... Central Ind Power Cos 85......104 Chi S B & N Ind 15 Citizens Gas Cos 5s 102 107 Citizens St R R 5s 83*4 87 Gary St Rv 5s 84 ... Home T 4s T of Ft. Wayne 6s. .103 Indiana Hotel Cos 5s 101 Ind Northern Trac Cos 5s 6 Ind Ry 4s Lt Cos 5s 97%.,.. Ind Service Corp 5s 95 Indpls Power and Lt Cos 5s ... 99 100% Ind Union Trac Cos 55........ 2% ... Indpls Col 4s Bo Trac 6s 101 103 Indpls Gas Cos 5s .101 106 Indpls 4s Martins Trac Cos 55.. 25 Indpls North Trac Cos 5s 10 13% Indpls 4s Northw'Trac Cos 55.. 25 Indpls St Ry 4s 1 66 Indpls Trac 4s Term Cos 65.... 94 96 Indpls Union Ry 5s ..100 Indpls Water Cos 5%s 102 105 Indpls Water Cos Ist 5s t 96 ... Indpls Water Cos 4%s 96 100 Wateb Works See 5s 96 99% Interstate .Pub S Cos 4%s .... 91 Interstate Pub S Cos 5s 97 ... Intersttae Pub S Cos 6%s 101 N, Ind Pub Ser 5s 100 T H I 4s E Trac Cos 5s .. T H Tr 4s Lt 5s 73 ... Union Tract of Ind Cos 6s ... 11% 14 —LIBERTY BONDS— Liberty Loan, Ist 3%s 94.96 100.16 Liberty Loan, Ist 4%s .....100.56 100.76 Liberty Loan. 3rd 4% 100.02 100.22 Liberty Loan. 4th 4t4s 100.26 100.43 U S. Treas. 4%s 116.62 118.86 TJ S Treas, 4s 105.72 105.92 U S Treas. 3%s 104.56 104.78 U S Treas, 3%s 98.50 98.70

NEWS OF RUST, RUSSIAN BUYING SEND WHEAT UP Corn Steady, Oats Irregular as Major Grain Rises Slightly in Pits. By United Press CHICAGO, July 13. Russian purchases at Liverpool and rust reports in the Northwest sent wheat slightly higher on the Board of Trade today. Corn held steady, while oats was Irregular. Wheat opened % to % cents up; corn was unchanged to Vs cent higher, and oats ranged from % cent off to % cent up. Provisions were slightly higher. Numerous reports of rust In Canada and the Northwest were received, but cool weather prevented serious damage to the wheat crop. Temperatures were rising above the seasonal normal in Canada. Russian purchases of Argentine and Canadian wheat made Liverpool considerably stronger. The supply of old corn is scarce and the new crop Is far from the harvest period. Weather and crop reports are favorable. Deliveries of new oats are expected before the end of the month. Supplies of old oats are low. There was heavy liquidation in the July delivery Thursday. Chicago Grain Table —July 13WHEAT— Prev. High. Low. 12:00 close. JulV 1.31% 1.30% 1.30% September ... 1.34% 1 33% 1.33% 1.34 December 1.33% 1.37% 1.37'/, 1.38% CORN— July 1.08% 1.07% 1.07 Vi 1.08 September .. .99% .98% .988% .99% December ... .83% .83% .83% .83% OATS— July 49% .48% .49% .49% September ... 42% .41% .42 .42 December 44% .44’% 44% .44 RYE— July 1.15 1.14% 1.14% 1.13% September ... 1.11% 1.10% 1.10% 1.10% December ... 1.13% 1.12'/a 1.12% LARD— July 12.05 12.05 12.02 September .. 12.35 12.32 12.32 October .... 12.50 12.47 12.47 RIBS— July 13.00 September .. 13.55 13.55 13.56 CHICAGO. n r jul l ylS.—C*rlots: Wheat, 14; corn, 129; oats, 20. Births Girl* Chester and Ellen Calhoon, 1145 Linden. Delbert and Sarah Sweat, 3247 Martindale. Preston and Hazel Mitchell, 2655 Franklin Place. _ Arthur and Gertrude Elbraeht, 122 Bpencer. Walter and Bertha Capp, 19 Layman. Herman and Nola Little, 1024 E. Market. Deaths Thomas Blackmore. 67. 728 Buchanan, acute dilatation of heart. Dai y Doughty, 50, 335 E. Norwood, hypothyroidism. Carney Bryant, 25, Sixteenth and Winten. accldenftl. James Hefferman. 85, 222 N. Delaware, chronic myocarditis. Wayne Neal Woodward. 22 day*. 4305 Ralston, enterocelltls. Harry W Young. 57, 1918 Sugar Orove, acute gastritis. Anna Hoover, 75. 15 W. Ray, Chronic myocarditis. Everett E. Smiley, 54, Methodist Hospital, accidental. Building Permits White Castle System, Inc., building. 335 N. Alabama. $2,500. W. a. Brown, addition. 1409 Silver. S2OO. L. M. Darling, dwelling and garage. 1034 Gladstone, $3,500. R. Tcmole Tompkins, garage, 5850 University, S2BO. William A. Shoults, furnace, 5808 E. New York. *39 j . ... Arthur R. Lacey, furnace, 5929 Central, S7OO. J. L. Hoclo'- ay. dwelling and garage. 6251 Central. ,3,500. Alvin G. J i. dwelling and garage, 1215 Shannon, *4 >O. Esther O - ; ill, boiler, 1625 North Alabama. SSOO. Esther O'Neil, boiler, 2035 N. New Jersey. SSOO. Ouarantee Tire and Rubber Company tanks. Lavman and Washington. S3OO. George Miller, repair, 5840 Forrest Lane, $450. Kirkpatrick Building Company, dwelling and garage. 1024 E. Fifty-Ninth. $4,500. Kirkpatrick Building Company, dwelling and garage, 5721 Broadway Terrace, $9,000. George Deardorff, garage. 3946 Cornelius, S2OO. C. E. Sweeney, porch, 521 Eastern, S2OO. WANT TRAFFIC OFFICER Slack Asked to Assign Motorcycle Cop to Patrol W. Washington St. The Rev. C. E. Baker, Hawthorne Civic League president, today asked Mayor L. Ert Slack and Police Chief Claude M. Worley for additional traffic police on W. Washington St. Baker pointed out the heavy traffic on W. Washington St. from the National Rd. and Rockville Rd., resulting In many fatal accidents. ‘‘A motorcycle policeman assigned to patrol that district will greatly relieve the present hazard," Baker told Slack.

AMUSEMENTS

L! IS SJ xCTfo ALEXANDER AND OLSEN W Ui i B NOW BIGSON hi HERBERT 1 * 1 & CO. HR ■KI ffl „ Dl AVIUP Meyers & Sterling I 1 LA 111*u Hendrix A Baldwin $1 St S Faddy Saundera. .Inn Jahn and SPECIAL—Friday Evening At Last Show ALEXANDER & OLSEN Will Give Another Series of Their FAMOUS “BLACK OUTS” With All Artists Participating

WEEK STARTING s SUNDAY, JULY 15 ifP Rl L as aymond f Hitchcock person aa v & Broadway’s Famous Comedian

In the Cotton Market

(By Thomson & McKinnon) NEW YORK, July 13.—There was a big demonstration Thursday. Bulls worked hard all day to establish a 30 point advance. ' Thursday the 30 points melted away in a dull featureless market. Our friends tell us to wait until the end of August and then turn bearish, but what will happen when prlvae forecasters raise their figures two weeks from now and than multiply by 46,000,000 acres? We like to keep ahead of the crowd. By United Press NEW YORK, Jul; 13.—Cotton futures opened lower. October 21.75, off .16; December 200. off .13; January 21.41, off .15; March 21.34. off .17; May 21.23, off .15: July 21.51, off .17.

Commission Row

PRICE TO RETAILERS FRUITS Apples—New fancy Transparent*, $2.50© 2.75 basket; fancy gbarrel apples, seasonable varieties. $9; new fanev basket apples, seasonable varieties. $2.25®3. 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—s4.7s, 24-qt. crate. Dewberries—s2.7s. 24-qt. crate. Gooseberries—lndiana. $6. 24-qt. crate. Grapes—California, $3.75@4 crate; Malaga*, $5 crate. Huckleberries—George. SB. 24-qt. crate. Lemons—California. $7.50®8.50 crate. Limes—Jamaica, $3, 100. Melons—Honey Dew, California, $2.50. Oranges—California Valencias, s7<Ji:B.so, crate. Peaches—Southern, $3.50 crate. Pineapple—Cuban, $3.50 crate. Plums—California, $2 25®2.50 crate. Raspberries—Black, $3.50, crate; red, $4.50 crate. Watermelon*—sl down. VEGETABLES Asparagus—Green. 90c doz bunches. Beans Mississippi strlngiess, $101.25 hamper. Beets—Home grown, 35c doz. Cabbage—Home grown. $1.75 bbl. Carrots—Louisiana, 35c doz. Cauliflower—Home grown. $1.75 bu. Celery—Florida. $4.50 crate. Corn—Fancy. Texas, $2.50 bu. Cucumbers—lndiana hothouse. $1.15 doz. Eggplant—H. 0., $2 doz. Kale—Spring. 65c bu. Mustard—Fancy, H. G., 60c bu. Onions—Home grown, green. 25040 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. 05c doz. bunches; southern long red. 45c doz. Rhubarb—Home grown, 35c doz. Spinach—Fancy Kentucky, $1.25 bu. Sweet potatoes—Porto Ricans. $3 hamper. Tumps—New, $1 bu. MISCELLANEOUS Cider—s4.so 6-gal. case; $4.75 doz., %- Sal. jars. iarllc—California. 20c lb. American Telephone and Telegraph Company 155th Dividend v The regular quarterly dividend of Two Dollars and Twenty-Five Cents ($2.25) per share will be paid on Monday, July 16, 1928, to stockholders of record at the dose of business on June 20, 1928. H. BLAIR-SMITH, Treasurer.

MOTION PICTURES

iipom irTmiiTnMr i nTMMMiiMr > TODAY AND ONE MORE WEEK ONLY Thrilling Vltadrama 40% “THE LION _ and the TALK mouse” May McAvoy—Lionel Barrymore Vitaphone Movietone Acts News

AMUSEMENTS

.Keith's,

STUART WALKER COMPANY NOW PLAYING “HER CARDBOARD LOVER” An Amusing Comedy of a Charming French Divorcee Nltely. 8:30 Sharp. Mat*. Wed.-Sat.. 2:30. ALL NEXT WEEK “THE BABY CYCLONE” George M. Cohan's Funniest, Fastest Play.

Keith's

ENGLISH’SS Daylight Saving Time BERKELL! PLAYERS! sat£ Now Flaying “TAKE MY ADVICE” Nites: - Mats.: 25c-50c-99c 1 25c-35c-500 next , “ThTTTH GUEST” WEEK j A Mystery Comedy

To Holders of Third Liberty Loan Bonds THE entire issue o. Third Liberty Loan 4}4% Bonds will mature on September 15, 1928, at par and accrued interest, and will cease to bear interest after that date. The Secretary of the United States Treasury Is offering an issue of 5%% Treasury Bonds of 1943-40, at par and accrued interest, in exchange for the maturing Third Liberty Loan Bonds. Those who exchange under this offer will benefit from the accrual of double interest as they will receive the full interest an the Third Liberty Loan Bonds to the maturity date of September 15, 1928, and interest on the new 3 Yg% Bonds beginning July 16, 1928. This exchange privilege wiUi remain open until on or about July 31,1928* We offer our services in exchanging Third Liberty Loaa Bonds for our friends and clients.

Indian* '* C*rgeft In vtShnem Homo

Fletcher American Co* AJjiliattU wtib the FLETCHER AMERICAN NATIONAL BANK

MOTION PICTURES qyrmAS’mux THEATRES! g[""coming events cast SHADOWS p3 Perfected talking pictures on their way to the Indiana l . _ . “The Drag Net” 1* coming ... Spectacular Twelfth Anniversary show for the Circle ... Hebe Daniels and ( A Richard Dlx headed for the Circle . . . Watch for these J) smashing attraction* .. . check thin week’s great shod a. . . £_> ; enjoy superior entertainment every week at the COOJj and ']% j "?/_ j I Fascinating College Drama of Love, yS Achievement! ROD LA ROCQUE * F.vorltri. On the 'St YOU’VE NEVER SEEN ‘-,X ; W Featuring Dick’s Melody > tcji \.\\\ (W ?tn Maniacs and— Last Day pH \\\\ (a_ / £jl KEO TAKI YOKI—MAY (j Pd \vJ AND^^ C * rta af, n .. Yonn^^^^‘^^| r'l RICHARD RARTHELMESS i J rfr •}k*'V o<e in “The Wheel of Chance” g 1 jjp© CHARLIE DAVIS in fl \ Starts Tomorrow -

Kmtt W* -ft* e6 vL\V tC& f Seidel \ ..\<CO '„ e cW’ v J iiHt A Oreh. \ * V sjsi Many FOX I'feSlf H ‘j*P ,ce f 19*** Mort\ J -n-, u ** n w Idea prodnctlon. \-a If 1 _ _ ° Prices; 11-1, 25c; a<SS.-’ u 1-6. 35c; Evening, 50c. j| and Harry Vox In * nV in "Welcome, Harry.

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