Indianapolis Times, Volume 40, Number 49, Indianapolis, Marion County, 18 July 1928 — Page 12

PAGE 12

STOCKS REACH NEW HIGHS ON QUIEniARKET Speculative Leaders Continue to Climb; Trading v on Small Scale,

Average Stock Prices

Average of twenty industrials Tuesday was 206.42, up 1.32. Average of twenty rails was 135.39, up .08. Average of forty bonds was $6.22, off .13. Bu United Press NEW YORK, July 18.—Moderate rallying tendencies that developed in Tuesday’s trading were carried over in early dealings today and further new highs on the movement were scored by speculative leaders. Trading, however, continued on the same small scale witnessed for the greater part of the week and efforts to push leaders ahead rapidly met with failure. Shorts continued to cover in a small way and aided in the upturn. Some important buying was noted in several issues, notably General Motors and the mail order shares, while traders were buying in a small way on the expectations of a sharp decrease in brokerage loans to be reported after the close of the market tonight. Small initial advances were scored by General Motors, Radio, Montgomery Ward, but Steel held steady around its previous closing level. Macy and Schulte were in special demand, the former rising to a further record high. Atlantic Refining continued to feature the oil shares, running up nearly 2 points to anew high for the year. Further new highs on the recovery were scored in the early afternoon dealings following a drop in call money to 5M per cent from a renewal rate of 6 per cent. Heavy buying continued in the mail order shares and General Motors and extensive gains were made by these issues. Trading in other sections of the list, however, were generally light and changes were without significance.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $4.077,COO. Debits were $8,222,000. NEW YORK STATEMENT Bu United Press NEW YORK. July 18.—Bank clearings today were $1,072,000,000. Clearing house balance was $136,000,000. Federal reserve bank credit balance was $114,000,000. TREASURY STATEMENT BU United Press . _ WASHINGTON. July 18.—'The .treasury net balance July 16, was $107,841,300.89. Customs receipts this month to July 16, were $21,494,119.82. FOREIGN EXCHANGE Bu United Press NEW YORK, July 18.— Foreign exchange opened steady. Demand sterling $4.85%, up .00 1-1S; francs 3.91 c, off .00 3-16: lira, 5.23%c; Belga, 13.92 c: marks 23.85 c, up .Ol'/a.

Local Wagon Wheat

Local grain elevators are paying $1.42 tor No. 2 red wheat. Other grades are purchased on their merit.*SUGAR OPENING Bu Uni ed Press NEW YORK, July 28.—Sugar futures opened lower. September 2.32, oil .01; December 2.45, off .02; January 2.45, off .02, March 2.42. off .01; May 2.48, off .03.

Indiana Tax Exempt Securities For Investment Township School Bonds to Yield 4% Gravel Road Bonds to Yield 4% Other Tax Exempts at Attractive Yields Circular Mailed on Request Bond Department The Union Trust Company of Indianapolis 120 E. Market. Ri. 5341

First Mortgage Real Estate Loans On Indianapolis Property SV2% INTEREST Aetna Trust & Savings Cos. 23 N. Penn. St.

New York Stocks

—July 18— Railroads— Prev. High. Low. 12:00 close. Atchison 186V2 185-7* 186'/a 185% Atl Coast Line ~ J 67 Balt & Ohio ...105% ... 10554 1055s Canadian Pac ..202% ... 2C2V ? 2015s Chesa & Ohio ..178% ... 177% 178 Chi & Alton .. 10% ... 10% 105a Chi & N West.. 79 Va ... 79/a 785 s Chi Grt West... 13‘2 12% ’-O'/a 13/s C R I & P.. 11354 IN 11354 112% Del & Hudson ..184 ... 184 183 Del & Lacka • lf}% Erie 51 ili . . 51% 51% Grt Nor pfd ... 96% 111 Central ....139% ... 139% 138% Lehigh Valley Kan City South 46% , 465* 47 MK & T 35% 355a 35% 35Va Mo Pac pfd ...114 7 /s 114% 114% 112% N Y Central ...161% 160% 161 Va 160% N Y C & St L 124 N Y N H & H .. 5554 ... 5554 55 Nor Pacific 95 54 95Vs 95 54 95 Norfolk & We5t.17554 ... 175% 176 Pennsylvania ... 63% 63% 63% 635a Reading 99% 975s 99 985a Southern Ry ...144 ... 144 14354 Southern Pac ...118% 118% 118% 118V* St Paul 34% .. 34% 34% St Paul pfd 45 44% 44% 44% St I, & S W .... 83 ... 83 825a St L & S F 1105a Texas & Pac 170 167 170 160 Union Pacific ... 192 191% 192 191% West Maryland.. 39% 39% 39% 38% Wabash 71 Va 71 71% 70 Rubbers— Ajax 854 ... 8% 9 Fisk Ill* ... 11% 11 Goodrich 74% 7254 74% 73 Goodyear 48% 47% 48% 47% Kelly-Spgfld 2054 19% 2054 19 Lee 19 ... 19 18% United States .. 31 54 30 % 30% 3054 Equipments— Am Car & Fdy 9354 Am Steel Fd 52% 52Vs 52% 52 Am B Shoe 40% .. . 40% 40 General Elec ...147 14554 146 145 Gen Ry Signal.. 97 ... 96% 9654 Lima Loco 49% ... 49% 49% N Y Air Brake.. .. ... ... 40% Pressed Stl Car 20 Pullman 81 ... 80% 80'% Westingh Airb.. 44% ... 44% 45 Westlngh Elec.. 91% 90% 91% 9054 Steeis— Bethlehem 535s 53% 53% 53 Colorado Fuel... 59% 5952 59% 59 Crulcble 70% ... 70% 6954 Inland Steel .... 55 ... 55 55 Phil R C & 1 28 Va Rep Iron & Stl. 52’2 ... 52% 52% Otis Steel 22Vs ... 22Vs 22 U S Steel 137 136 136% 135% Alloy 325a Youngstwn Stl 865s Vanadium Corp. 70% 69% 7054 69% Motors— Am Bosch Mag.. 3354 32 33% 32 Chandler 15 Chysler Corp ... 71 70'/a 71 70% Conti Motors 11% ... 11% 11% Dodge Bros . 13% ... 13‘a 13% Gabriel Snbrs .. 19% General Motors .189% 186% 189% 186 Hudson 8254 81 82 81% n ... ... 11 Mack Trucks... 90 54 89 % 90% 82% Moon 7 ... 7 7Vs Paige 33% 32% 33 32% Nash 83 8154 83 8254 Packard 73% 73 73% 73 / Peerless 1114 Pierce Arrow .... ... . n% Studebakcr Cor.. 6854 ... 68 67% Stew Warner 87 Stromberg Cart 48% Timken Bear ..119 ... 118% 119 Willys-Overland. 20% ... 20% 20% Yellow Coach... 32% ... 32% 32% White Motor ... . 36% Mining— Am Smlt & Rfg 18754 187% 187% 188% Anaconda Cop... 65% ... 6554 65% Calumet & Arlz 95 Cerro de Pasco. 7354 ... 73% 73% Chile Copper... 44% ... 4454 44 Greene Can Cop 9 9 97 54 9 9 97% Inspiration Cop 21 54 ... 21 54 21% Int Nickel .... 9154 9054 91 90% Kennecott Cop. 92 91% 9154 91% Magma Cop 49 Miami Copper .. 1954 ... 19% 20 Texas Gulf Sul 67% 67 54 67>i 67% U S Smelt 46-i Oils— m Atlantic Rfg ...145% 144 144% 144 Barnsdale 20% ... 20% 20% Freeport-Texas.. 66 ... 66 66% Houston OH 132'% 132 132 1 4 127% Indp Oil & Gas. 24 ... 24 2354 Marland Oil ... 3554 . . 34% 34% Mid-Cont Petrol. 2754 27% 27% 28 Lago Oil & Tr 31 Pan-Am Pet 8.. 42 4154 4154 42% Phillips Petrol . 37% ... 37% 37 Pro & Rfgrs ... 24 ... 24 24% Union of Cal 5054 Pure Oil 5654 56 5654 56% Shell 26% Indian Refg .... 3i 3 4 30% 37 31 % Sinclair Oil 24 % 24 54 24 54 24 Skelly Oil 2954 ... 29% 29% Std Oil Cal .... 57% 5714 57% 57 Std Oil N J .... 43Vs . . 42% 42% Std Oil N Y 34 Vs 33% 34 33 7 s Texas Corp .... 5954 59% 59% 59 Transcontl .... 754 ... 7*4 7% Riehfield 48 47% 47% 48 Industrials— Adv Rumely ... ... 43% Allis Chalmers .125% 125 125% 125% Allied Chemical. .. ... ... 167% Armour A 1854 ... 1854 1854 Amer Can 83% 83% 83 Vs 82% Am H L pfd 43 Am Linseed ... ... 107 Am Safety Raz. . ... ... 61% Am Ice 3954 ... 39'4 39 Am Wool 1854 Coca Cola 161 159% 161 159 Conti Can ... ... 95V, Certain-teed 4154 Congoleum .... 2254 ... 22% 22% Curtis 10254 10054 10254 99*4 Davison Chem.. 52% 51% 52 51 Vi Dupont 374 ... 374 374 Famous Players 129 12754 128 12754 Gen Asphalt ... 71*4 ... 71 71 Int Bus Meh... .120 118% 120 119 Int Cm Engr... 5854 57% 58 5744 Int Paper 68% ... 68*4 68% Int Harvester.. .26314 ... 263% 261 Lambert 106 1 0554 106 104 54 Loews 52% 5154 5254 52 Kelvinator 1554 13% 14 16 Montgom Ward..ls9 156 15854 15554 Natl C R 61 Vs 59% 61 59% Pittsburgh Coal 4544 Owens Bottle 7854 Radio Corp ....165% 163 54 165% 163 Real Silk 2654 Rem Rand .... 30% ... 30 30% Sears Roebuck.. 116% 115 116% 11454 Union Carbide ..145% ... 145% 14554 Univ Pipe 18’4 U S Cs Ir Pipe 239 U S Indus Alco 108% 10854 108% 106% U S Leather ... 48% 47% 48 54 4 7 Wright 144 14254 143% 141 Woolworth Cos 17654 Utilities— Am Tel & Te1..174'% 174% 174 54 17454 Am Express ....185 183 185 185 Am Wat Wks.... 55 ... 55 55 Brklyn-Manh T 62 Col G & E 107% 107 107% 107 Consol Gas 14554 144 145 144 Elec Pow & Lt.. 34'/a ... 34% 34 Interboro 3754 Nor Am Cos 68% ... 68% 6854 Nat Power 32% 32% 32% 32% Pub Serv N J- . . . ... ... 53% So Cal Edison.. 46% ... 46% 46%

The securities of the Cities Service Company possess in a marked degree the qualities which experts agree are necessary for a sound investment—security of principal, excellent income nd ready marketability. ’HENRY* L. DOHERTY & CO. 1 428 Merchants Bank Bldg. T-718 | Send me booklet “TPO-112” de- | scribing the Investment possl- . bilities of Cities Service Securities. I Name I Address I % - !

(By Thomson Sc McKinnon)

Std Gas &E 1.... 63% ... 63% 63% Utilities Power.. 3754 ... 37 37% West Union Tel 143 ... 143 14154 Shipping— Am Inti Corp.. 94 93 9354 925a Atl Gulf & W 1 47% Inti Mer M pfd.. 36 ... 36 36 United Fruit ...136 ... 136 135 Foods— Am Sug Rfg .... 68 ... 68 68 Austin Nichols ..5 ... 5 5 Beechnut Pkg ..74 ... 74 California Pkg 69% Corn Products .. 70 54 70 7014 69% Cuba Cane Sup.. 195, ... 19% 185, Cuban Am Sug.. 185-4 ... 18% 18% Fleischmann Cos. 68% 6854 68% 68*, Jewel Tea 101 Jones Bros Tea.. 27% ... 27% 27 Natl Biscuit 16154 Nat Dairy 7654 ... 76*4 76>4 Postum Cos 62 ... 62 615s Ward Baking B 18% Tobaccos— Am Sumatra ... 60 ... 60 60 Am Tobacco ....156 54 ... 156% ... Am Tob B 157 ... 157 155 Con Cigars 543,, General Cigar 61% Lig & Meyers... 84% 84% 84% 845, Lorillard 25% ... 25% 25% R J Reynolds ...13254 ... 132% 132% Tob Products B 99% United Cigar St. 251, ... 25% 25'Schulte Ret Strs. 57 ...% 56% 56*5 New York Stock Opening —July 18— Amer Can 933, Amer Smelting ' 187% Amer Sugar 68 Anaconda 65% Armour (A) . 101. Beth Steel ' " 53-% Chrysler " 70% Curtis * * 100*4 Corn Products 70 Famous Plavers " 127% General Electric !!'. !146 General Motors 187 Goodrich ‘' 73 Hudson Motor ' gi Hupp Motors 553. Kioser „ 97 Missouri. Kans & Tex 35% Mont Ward 156 N Y Central I"iim Nash f2 Pan-Amer ePte (B) 41% Packard V. 73% Pa'fe 32% Phillips 37% Radio .. .V 1f3% St Paul ” • 34:,* St Paul pfd 443 Sears-Roebuck ’.’."*115 Sinclair ' 24% So Pacific 1103.. S O Calif 57,* S O. N Y 33% S O. N J 42 % Texas Oil 593, Union Carbide and Carbon 145'. U S Rubber 301. U S Steel 1......'136% Willys-Overland 20 3 4 Yellow Truck **'* 32> 4 New York Curb Opening —July 16— Am Gas Am r Mm ;; l Cities Svc 66% Durant ,71/ Ford Canada 53s 4 Humble Oil !!!!*** 771? Imp Oil Canada (151® J" 1 - Pete !!!'.! 38% Ohio Oil '** Prairie Pipe !!!!!* *209 Servel Inc 111111111111 13 Stutz ■■■ 451Stand Oil Indiana 77,; Stand Oil Kansas *2l Stand Oil Ky 197 United L & p A 24% Warner Bros B .*”**” 36% Births Girls Chester and Nettle Holcomb. 817 E. Twenty-Third Ray and Ethel Pierce. 530 Birch. Mqrritt and Zella Wright. 39 S. Warman Lewis and Lois Stott. Methodist Hospital. Walter and Bernice Bradshaw. Methodist Hospital. Ralph and Dora Wagner. 3660 W. Tenth. John and Sarah Renner. 631 King. Eddie and Norah Keys. 939 W. Vermont. Bovs John and Clara Totton. 862 Worth Elsworth and Neliie Thorman. 86 N. Ritter. John and Opal Burgess. 530 N. Berwick. John and Roberta Hagan. 610 W Twenty-Ninth. Peter and Anna Gregory. 1735 Thaddeus. Triplets Ora and Ruth Baker. 1333 S. Sheffield, girls and boy. Deaths Charles A. Corrie, 62, 1645 Churchman, cerebral hemorrhage. John Uhl. 77. 725 Shelby, acute cardiac dilatation. John Dyson Main, 31. Methodist Hospital. septicaemia. Emma M. Sverup. 57. 433 N. Beville, uremia. Ralph Kirk Bowers. 3. St. Vincent Hospital. accidental. Charles E. Hanley. 26. 2966 N. Dennr. peritonitis. Glenn A Nagiey. 22. Wllte River, drowning. John M. Cramer. 72, 1142 Broadway, acute myocarditis. Leora Ruth Baker. 1 day. city hospital, premature birth. DO HALF OF ALL WORK United States Charged With Big Share of World Labor. The United States is doing half of the world’s work in producing half of the world's raw materials, Charles E. Redfield, New York, of the research division of the American Radiator Company, told Rotary Club members at their luncheon at the Claypool Tuesday. "The people of this country possess and enjoy more comfortable homes, more automobiles and other conveniences than the people of any other country,” he said.

Getting On In The World IN the substitution of the habit of thrift for the habit of unthrift lies the sure and certain road to success and happiness. Keeping your balance in life means keeping a financial reserve always ahead of your requirements. A good way to do this systematically is to place a percentage of your income in the securities of sound, well-established enterprises. More than 350,000 people in all parts of the world have found the securities of the Cities Service organization among the most attractive of such investment opportunities. In 18 years. Cities Service Company has paid dividends of over $95,000,000 in cash or securities to holders of its common stock alone. HENRY L. DOHERTY & CO. 428 Merchants Bank Building Branch Offices In Principal Cities

THE INDIANAPOLIS TIMES

SOME PORKERS SOAR 35 CENTS AT STOCKYARDS Hog Top Reaches $11.85 in 25 to 35-Cent Higher Market Today. July Bulk. Top. Receipts. 11. 9.75011.40 11.50 5,000 12. 10.00r0U1.50 11.60 7.000 13 10.25(5 11.65 11.75 7,000 14. [email protected] 11.50 8,000 16. 10.25011.60 11.65 5.000 17. 10.25®11.50 11.60 7.000 18. 10.500 11.85 11.85 5.500 With light receipts, estimated at 5.500 fresh animals and 254 holdovers, hogs soared 25 to 35 cents on the hundredweight at the Union Stockyards today to a top price of $11.85. The bulk of material weighing 180-300 pounds sold upward from $11.75. Cattle were steady to weak, vealers 50 cents lower and sheep and lambs steady to lower in other divisions here. The Chciago market was strong to 10 cents higher than Tuesday’s best prices. Several bids of $11.60 and $11.65 were made on choice 190-230-pound weights, and $11.70 was paid for strictly choice animals weighing around 220 pounds. Receipts numbered 14,000, including 1.500 directs. All Hogs Go Up Heavy meat animals weighing 250-350 pounds brought $11.50?? 11.85, up 35 to 50 cents, and material in he 200-250-pound class brought $11.75^'11.85, evenly 25 cents higher. Lights, 160-200 pounds, sold for 25 to 35 cents higher prices at sll.so'® 11.85. Light lights, 130-150 pounds, were up a quarter at $10.50’?? 11.25 Pigs, 90-130 pounds, brought $8,500 10.25, up a quarter, and packing sows were 25 to 50 cents higher at $9.50 (a 10.50. Best slaughter classes were steady and others tended lower in the cattle division, whert quotations were unchanged. Beef steers, were $13.50016; beef cows, $8.25010.50; low cutter and cutter cows, $5.25® 7, and bulk stock and feeder steers, sß® 12. Receipts numbered 1,200. Vealers, Lambs Lower Best vealers sold for $13,501? 14.50 down 50 cents, and heavy calves went at s7Oll, unchanged, in that division, which was supplied with 600 animals. Sheep and lambs were steady to lower, the decline figuring in lambs Top fat animals were sl4 50, off 50 cents, and bulk fat lanbs were priced at $13.50*? 14.25. dropping 25 to 50 cents. Bulk culls were off a half dollar at $8.50*? 10.50, and bulk fat ewes were unchanged, selling for $4.50® 6.50. Receipts numbered I, IIORU Receipts, 5,500; market higher. 250-350 lbs $11.500 11.85 200-250 lbs }}-75@ 1185 160-200 lbs U-50® 11.85 130-160 lbs 10.50'-i 11.25 90-130 lbs 8.50-a 10.25 Packing sows 9.50(5.10.50 —CattleReceipts. 1,200; market, steady to weak. Beef steers t13.50W16.00 Beef cows 8 25010 50 Low cutters and cutter cows.. 5.25® 7.00 Bulk stock and feeder steers.. 8 00® 12.00 —Calves — Receipts. 600; market lower. Best vealers $13.50014.50 Heavy calves 7.00® 11.00 —Sheep— Receipts. 1.400: market, steady to lower. Top fat iambs 51* 50 Bulk fat lambs 13 505 14.25 Bulk cull lambs 8-50010 50 Fat ewes 4.50® 6.50 Other Livestock Bu United Press ..... „ FT. WAYNE Ind., July 18—Hog—Receipts. 250; market steady to 20®25c higher 90-110 lbs.. $9; 110-130 lbs., $10; 130140 lbs., $10.25; 140-150 lbs.. $10.75; 150150 lbs.. $11; 160-170 lbs., $11.25; 170-200 lbs., $11.50; 200-250 lbs., $11.60. 250-300 lbs., $11.75; 300-350 lbs., $11.40; rougbr. $95 9.25: stags, S6O 6.50. Calves—Receipts. 25;'market sls 50 down. Sheep—Receipts, 100; market lambs. $13.50 down. BU United Press CLEVELAND, July 18.—Hogs—Receipts. 1 609' market steady; top. $11.90; 250-350 lbs.. $11.85011.90 ; 200-250 lbs.. $11,850 11. 160-200 lbs.. $11.75011.90: 130-160 lbs.. $11011.90; 90-130 lbs.. $10.75011; packing sows. $8.7509.25. Cattle—Receipts, 200- calves, receipts, 500; market steady: beef steers, $11.75® 12.40; beef cows, $7 25 ®9.25; low cutter and cutter cows, $5.25® 6.75; vealers. $16@17. Sheep—Receipts, 700; market steady to weak; top fat lambs. $15.75; bulk fat lambs, $l5O 15.50; bulk cull lambs. $11012.50; bulk fat ewes, ss® 6.50. Bu Times Special LOUISVILLE, July 18.—Hogs—Receipts. 600: market 10c higher: best heavy and medium hogs. 180 lbs. up. $11.60; pigs and lights. 180 lbs. down. $7.60010.10; stags and tnrowouts. $8.50® 9.10, Cattle Re-

In the Stock Market

(By Thomson & McKinnon) NEW YORK. July 18.—We will undoubtedly have a rest for a week or two from the discussion of changes in rediscount rates, but brokers’ loans will be. as usual, the topic today and Thursday, from what we can see this morning. Thursday's report should show some reduction, but we don’t think it will be an important one. Possibly the anticipation of this and the dullness and the natural disinclination of the public to liquidate their stocks, made it possible for the professionals to bring about a fair rally In Tuesday’s market. In these days any sort of rally is very welcome, but it is very evident that the public does not follow these moves as heretofore. This, of course, is perfectly natural in view of the widely advertised policy of the banking authorities to contract credit. We continue of opinion that until there Is a change in this policy it will be profitable to sell stocks on the bulges. celpts. 100: market steady: prime heavy steers. $13014; heavy shipping steers. 312 (q 13. medium and plain steers. slo®l2 fat heifers. $10013.50; choice cows. $8 53 ®10; medium to good cows. J 6.500 8.50; cutters. $5.500 6 50; canners. $4.50 0 5.50; bulls. S6O 8.50; feeders. S9O 11.25; Stockers. $8.50® 11.25. Calves—Receipts. 400; market steady; good to choice. $11013; medium to good. $9011: outs. $9 down. Sheep —Receipts. 1,200; market steady: best mixed lambs. $13.50; ewes and wethers, sl4; seconds, $808.50: light sheep. $6; heavy sheep. $4; bucks, $303.50. Tuesday's shipments: Cattle. 113. calves. 135; hogs. 113; sheep, 1,306. Bu United Press PITTSBURGH. July 18.—Hogs—Receipts. I. market steady to 10c up; 250-350 lbs. *11.500 12.15: 200-250 lbs.. $1175® 12.15; 160-200 lbs.. $11.35® 12.15; 130-160 lbs.. $0.75® 12.10; 90-130 lbs.. $9.75011.25; packing sows. s9® 10. Cattle—Receipts. 150; market steady; beef steers. $l3O 15.75; light yearling steers and heifers, $11.50® 18: beef cows. s9® 11; low cutter and cutter cows. $6 08: veaelrs. $l3O 16: heavy calves. SBO 13 Sheep—Receipts, 250: market weak: top fat lambs $15.25; bulk fat lambs. sl3® i5: bulk cull lambs, $9013; bulk fat ewes. $5®6.50. Bu t nitrd Press TOLEDO July 18.—Hogs—Receipts. 250; market 10® 15c up; heavies. $11.250 11.65; mediums. $11,750-11.90: Yorkers, $11.50® 11. good pigs. SIOO 10.50. Cattle—Receipts. light; market steaav. Calves—Receipts. light: market strong. Sheep and lambs —Receipts, light; market slow. Bu United Press CINCINNATI. July 18.—Hogs—Reoeipts, 3.200: holdovers, 1,600; market steady; 250350 lb-.. $11.250 11.90: 200-250 lbs., $11.50 0 11.90; 160-200 lbs., $10.750 11.85: 130-160 lbs., SIOO 11.25; 90-13 U lbs.. S3O 10.25; packing sows. $8 50® 10. Cattle—Receipts. 300: calves, receipts. 325; market steady; beef steers. slf® 14.50; light yearling steers and heifers. *llO 15; beef cows. S7O 9.50; low cutter and cutter cows. $5.25® 6.50; vealers, sllO 14.50; heavy calves. $lO ® 13: bulk Stocker and feeder steers. $lO 50 0 11.50. Sheep—Receipts, 2,200; market, sheep 50c up; top fat lambs. sls: bulk fat lambs. $12.50 ■ 14.51; bulk cull lambs, $9 i 11.50; bulk fat ewes. $4,500 6.50. Bu United Press EAST BUFFALO July 18— Hogs Receipts. 1,200; holdo.ers, i64; market steady. 15c up; 250-350 lbs.. $11.25012: 200-250 lbs.. 11.900 12.15; 160-200 lbs., $11,650 12.15; 130-160 lbs.. 511 350 11.75; 90-30 lbs!, sll "11.50; packing sows. $9 /9 25. Cattle —Receipts, 150: calves receipts. 300: market steady: beef steers. $11.500 16.25: beef cows. SBO 9; low cutter and cutter cows. $4,500 6.75' vealers. sl6® 16.50. Sheep Receipts 100; market steady: top fat lambs. $15.50: bulk cull lambs, SIOO 12.50; bulk fat ewes. ss® 7. DEMOCRAT NEWSPAPER TURNS AGAINST SMITH A1 Doesn’t Represent Ideals of Party, Says Editor. Bu United Prrss YORK, Pa., JJuly 18.—The York Gazette and Daily, a Democratic newspaper, openly will oppose the candidacy of Governor Alfred E. Smith of New York for the presidency. J. W. Gitt, who was an antiSmith delegate to the Houston convention, is editor of the paper. The Gazette and Daily’s statement of its desertion of the Democratic party during a presidential campaign says: "In our opinion any Democrat can vote against Governor Smith without in the least impairing his party regularity. Surely on honest member of the party cannot consistently support a candidate who does not represent the ideals and principles of the party.” EFFORTS TO CHANGE ROUTE OF ROAD FAIL Highway 24 Will Not Be Shifted at Bumettsville. Despite efforts of some State officials to have the State highway commission change the route of Rd 24 between Logansport and Monticello where lt goes through Burnettsville so that it would continue for one block farther north in the village, the commission announced that the original specifications would be adhered to. No change is advisable, John D. Williams said, because the contract has been let. Everett Gardener of Monticello, State conservation commission member, with Marshall Parsonett of Burcommission and Governor Ed Jackson, who attended the conference, to plead that the commission adhere to its original route. AIR TOUR IN TACOMA Twenty-Two Planes in Safety Race Hop From Portland, Ore. Bu United Press PORTLAND, Ore., July 18.—The twenty-two airplanes taking part in the national reliability air tour left here today for Tacoma, where they will remain tonight. A Waco 10, flown by M. Gould Beard, was the first machine to take off from the Swan Island airport. He rose from the ground and headed north at 9 a. m. The other planes left at one-minute intervals. The fliers will leave Thursday for Spokane. Ten Killed in Train Wreck Bu United Press WARSAW, Poland, July 18.—Ten persons were killed and many injured today when a passenger train collided with a freight train at Gronjec, near Warsaw. Four passenger cars were demolished.

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

WHEAT PRICES UNCHANGED ON CHICAGO MART Corn Shows Strength; Oats Featureless With the Major Grain. Bu United Press CHICAGO, July 18.—Significant news was lacking on the Board of Trade today and wheat opened little changed in a quiet market. Corn showed some strength, but oats was without feature. Wheat opened unchanged to %c up; corn was 14 to %c higher, and oats was unchanged to %c off. Provisions were slightly higher. Interest of wheat traders is centered in crop news from Canada and the Northwest, where cool weather has prevented rust damage thus far. The weather Tuesday in all parts of the belt was again favorable. Liverpool was about as expected today. The lowa com fields had heavy rains Tuesday, but weather in other sections was favorable. Receipts of old corn are increasing daily. The oats harvest is advancing northward and July deliveries are expected soon. Excessive heat caused some damage to the crop in southern Illinois, but prospects for the most part are favorable. Chicago Grain Table —July 18— WHEAT— Prev. High. Low. 12 m. close. July 1.28% 1.28% 1.28% 1.28% Sept 1.31% ... 131 1.31% Dec 1 35% 1.35 1.35% 1.35% CORN— July 1.07'% 1.06% 1.07 1.05% Sept 99% .98% .99 .98% Dec 82% .82% .82% .82% OATS— July 47% .47 .47% .48 Sept 41% .41 .41 .41% Dec 43% .43% .43% .43% RYE— July 1.07% -.07 1.07 1.07% Sept 1.08% ... 1.06% 1.08% Dec 1.09% 1.08% 1.08% 109% LARD— July 12 30 .... 12.30 12.35 Sept 12 50 12.47 12.50 12.45 Oct 12.67 12.65 12.67 12 62 RIBS— Sept 14.40 .... 14.40 14 20 Oct 14.35 Bu Times Special CHICAGO. Jiflv 18.—Carlots: Wheat, 19; corn. 186; oats. 16; rye. 1.

In the Cotton Market

(Bv Thomson & McKinnon) NEW YORK. July 18.—There is very little long cotton In the market. When the Government weekly weather Is out of the way this morning the market will be all set for a rally. We are not reversing our general Ideas on cotton, but are trying to point ou; the probable action of the market today or Thursday. Bu United Press NEW YORK, July 28. Cotton futures opened higher. October, 21.39. up .18: December. 21.15, up .15; January. 21.03. up .19; March. 2.96. up .16: May. 20.85, up .19.

Commission Row

PRICE TO RETAILERS FRUITS Apples—New fancy Transparents. $2.25® 2.50 basket.; fancy barrel apples, seasonable varieties, $7; new fancy basket apples. seasonable varieties. $304 crate. 40 lbs.; Wlnesaps. choice box apples, seasonable varieties. $3. Apricots—s3.7s crate. Blackberries—s4.so 24-qt. crate. Cataloupes—California. $304. crate. Cherries—California. $3. 16-qt. ciate. Currants—s 6. 32-qt. crate. Dewberries—s2.7s, 24 pt. case. Gooseberries—lndiana. $6. 24-qt. crate. Grapes—California. $3.75@4 crate; Malagas. $4.50. crate. Huckleberries—George. SB, 24 pt. crate. Lemons—California. $8.50®9.25, crate. Limes—Jamaica, $3, 100. Melons Honey Dew, Caliiornia, $2 25. Oranges—California Valencias. $7&9 crate. Peaches—Southern. $2 50 crate. Pineapple—Cuban, $3.50 crate. Plums—California. *1.75 0 2.50 crate. Raspberries—Black. $3.50. crate; red, $4.50 crate. Watermelons—sl down. VEGETABLES Asparagus—Green. 90c doz. bunches. Beans Mississippi stringless. *1.25 hamper. Beets—Home grown. 35c doz. Cabbage—Home grown. $1.25 bbl. Carrots —Louisiana. 35c doz. Cauliflower- Home grown. $1.25 bu. Celery—Florida. $1.50 crate. Corn —Fancy. Texas, $2.50 bu. Cucumbers —Indiana hothouse. $1.15 doz. Eggplant—H. G.. $2 doz. Kale—Spring. 65c bu. Mustard—Fancy. H. G., 60c bu. I Okra —Tennessee. $1.50 basket. Onions—Home grown, green. 25® 40c doz.; Texas crystal wax, $202.25 crate. Parsley—Home grown. 50c doz. bunches. Peas-Home-grown Telephone, $2 bu. Peppers—Louisiana Mangoes. $2 hamper. Potatoes —Michigan, white. $2.25. 150 lbs. Radishes—Hothouse, Button, 65c doz. bunches; southern long red. 45c doz. Rhubarb —Home grown. 35c doz. Spinach—-Fancy home grown, *1.75 bu. Sweet potatoes— $3.50 bbl. Turnips—New. $1 bu. MISCELLANEOUS Cider—s4.so 6-gal. case; $4.75 doz., %- | OKLAHOMA SENATOR TO STUDY RUSSIAN RULE Elmer Thomas Plans Exhaustive Survey of Governments. Bu Times Special WASHINGTON, July 18.—Having studied what he calls one extreme in Government. Senator Elmer Thomas, Oklahoma, plans to spend this summer studying the other. This year the Senator will devote his attention to Russia and government by groups. He sails from New York next Saturday. Last summer Thomas spent considerable time in Italy studying government as administered by Premier Mussolini. Thomas will go first to Paris, then Berlin, Warsaw and Moscow. He will return to Berlin Aug. 23 to 28. for the interparliamentary union meeting. Heat Fatal to Indiana Man CRAWFORDSVILLE, Ind.. July 18.—Thomas Harper, 60, is dead here today, a victim of the heat wave. He was stricken while mowing the lawn of his home, ano died before medical aid could reach nim. Three sisters survive.

The City in Brief

Elbert McLemon, R. R. 5, Box 438, was arrested by Patrolman Ned Hoagland early today when driving the car of Paul Hoffert, 130 N. Oxford St., at Keystone and Bethel Aves., without license plates. He was charged with failure to display license plates. Miss Leona Hayes, 17, of 1214 E. Ohio St., is in city hospital today with injuries received Tuesday When she was struck by a truck driven by Harold Burks. 316 Virginia Ave., Apt. 22. The accident occurred at Liberty and Vermont Sts. The Indianapolis Real Estate Board will hold its annual picnic at Walnut Gardens Thursday. The program of horseshoe pitching contests, a ball game and other contests will begin at l - 30. A chicken dinner, followed by dancing will end the day’s events. Two mules, Kate and Queen, which will be 31 years old Thursday, will be given a birthday party by the Polar Ice and Fuel Company in a novel celebration. The mules, which have not missed a day for years, will be given new blankets with their names on them, new sets of harness, and will be taken on a triumphal tour through the downtown section. The program is in charge of Henry Dithmer, head of the company. Employees of the Walk-Over shoe store and their families held a picnic at Broad Ripple Park Tuesday afternoon and evening. The WalkOver Boosters’ Club sponsored the affair, attended by thirty-four per- ; sons. “Indiana holds an advanced position among the States of the Union as regards efficiency and economy in the maintenance of State parks,” a letter from the California Taxpayers’ Association to Richard Lieber, Indiana conservation director, states. The complimentary letter is signed by M. N. Alderman, research engineer for California, who is making a study of parks in every State. Consolidation of three telephone companies and permission to issue 900 shares of common stock for distribution among present owners as payment for their property is asked in a petition filed with the public service commission by the Walkerton, North Liberty and New Carlisle Telephone companies. Reproduction valuations fixed by commission engineers are: North Liberty. $20,954; Walkerton. $22,196, and New Carlisle, $22,428.85. Members of the State tax board today viewed the H. H. Ward road, in Clay County, construction for which a $135,000 bond issue is j sought by county commissioners. ! The Indiana Stamp Club will ! meet Friday at 8 p. m. at the Coj burn Picture Company, 873 Massaj chusetts Ave. Wives and women friends of members are invited, President H. H. Coburn announced. A. C. Waggoner of lhe International Art Process, Inc., will speak at the Advertising Club luncheon on Thursday at the Spink-Arms on “Progress in Advertising Illustration.” Raymond Hitchcock, appearing at the Lyric Theater this week, will speak at the Exchange Club luncheon at the Lincoln Friday. Hitchlock is an honorary member of the Cleveland Excnange Club. The club’s picnic scheduled for Friday ivas postponed to permit Hitchcock to speak to the club.

Produce Markets

Butter (wholesale price) No. 1. 47048 c; No. 2. 45<®46c lb. Butterfat (buying price)—4so46c lb. Cheese (wholesale selling prices, per pound)—American loaf. 34c; pimento loaf. 33c; Wisconsin flat, 39c; prime cream. 250! 27c; flat daisy 26ft27c; Longhorn. 26® 27c; New York limberger. 32c. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off. 26@27c doz Poultry (buying prices)—Hens, 20521 c; Leghorn hens. l4ffilsc; 1928 spring, larce breed. 2 lbs. and up. 28® 36c; 1%®1% lbs., 24025 c; Leghorns, 200 21c; old roosters, large. 11 f 12c; small. 10c; ducks, 10c; geese. 8c; guineas, young. 50c; old. 35c. GIVES OWN ENEMY AID Japanese Premier Helps Needy Family of Assassin. Bu United Press TOKIO, July 18.—Baron Giichl Tanaka, premier of Japan has rewarded a man who attempted to assassinate him. When the Premier heard that the family of Shingo Okamura, who attempted to stab the Premier to death in the Uyeno railway station here on June 8, was in want, he immediately announced a donation of 1,000 yen, or about SSOO gold, to the Okamuras, and sent K. Matsumoto, a member of parliament, to the Okamura family home in Shizuoka Prefecture with the money. RECORD SET BY MINT More Than $200,000,000 Coined in Gold During Year. Bu United Press I PHILADELPHIA, July 18.—The United States mint here coined more than $200,000,000 in gold during the past fiscal year, which ended on June 15, and according to Superintendent Freas Styer it is believed to be anew record. The coinage began again Monday, after the metai-carrying flues were cleaned to salvage several thousand dollars of gold particles. The record straight run of coins was made in 1923 when 5,500,000 pieces were turned out from 8 p. m., Dec. 16, to 8 p. m., Dec. 18. MINERS’ UNION SILENT Policy committee of the United Mine Workers of America entered the tenth day of their meeting here this morning with nothing made public regarding proceedings thus far. The meetings are being held at headquarters in the Merchants Bank Blgd., and President John L. Lewis is presiding. The commit- . tee convened with the officers when the Illinois miners asked to be reI leased from the Jacksonville agreement, under which the strike was Csited ia Agra. 18&

IJULY, 18, 1928

TEMPLAR DRILL TEAMS COMPETE California Commandery No. 1 Defends Title. Bu United Press DETROIT, July 18.—Thirty-three crack Knights Templar drill teams competed on Belle Isle today as the most colorful feature of today’s program in the order's thirty-seventh triennial concl, ,e. California Commandery No. 1 will defend the first honors it won in 1925 at Seattle. A business session of the grand encampment officers will be held today at Masonic Temple. Thousands of Templars and their families left this morning on complimentary boat rides and a special train carried another contingent to Niagara Falls for the day. A water carnival will be held this afternoon and a series of banquets and dances will close tonight's festivities. The conclave will end Wednesday night. 40 DIE IN GANG " WARS Half of Philadelphia Murders Laid to Feuds. PHILADELPHIA, July 18.—Gang warfare has claimed the lives of almost half of a total of eighty-eight, persons murdered in Philadelphia since Jan. 1, according to records compiled at Detective Headquarters in the city hall. The record for homicides shows an increase of ten over the same period in 1927. ‘ Taking for a ride” members of rival gangs and leaving them dead in ditches or fields or lonely suburban sections is increasing here, other large cities. Officers declared according to the police, as well as in that such murders were the most difficult major crimes to deal with. Death Notices JOUN EDWAIiD—The beloved son of Mr. and Mrs. Joseph Estin at the In- & a " a ChrtrtlM Hospital. Funeral from Woodruff Place Baptist Church. Friday. Wednesday! La Sai ‘ P afi " 6 p ‘ m KLEFKER, SOPHIA iNce Boehnlna)—Beloved wife of Frederick Klefker, and William Hoff. Miss HerElmer and Ervin away at her home. 622 Buchanan St., Tuesday. Julv 17. 9:50 a a &5 74 vears. Friends may call euen?no da D ? n<l , T , llHr *day afternoon and e\enlng. Private funeral Friday. July 20 LP' m. at the home and 2:30 p. m. at ?!% P S ul s U’jtheran Church. McCarty F N Jersey Sts. Friends invited. Burial Concordia cemetery. T ransportation COAST-TO-COAST YELLOW AY Chicago 54.00 Dayton $3.00 St L oul * v•■ ■*® 00 Pittsburgh $6 00 Wt ’j t -, i And Points East 11 a.m.-ll p.m. daily! 6 a m.-5 p.m. daily. Denison Hotel. RI. 2273, LI. 4383. Traction Bus Termnial. MA. 4500. English hotel. Ri_ 1273. Funeral Directors W. T. BLASENGYM' - Main office, Shelby St. _____ Drexel 2570. ~ Finn bros: 1639 N. MEmDFA % N L HOME TA 183!lj BERT S/ GADD. ' 2130 PROSPECT 81 DREXEL 5307 George Grinsteiner Funeral director. 522 E. Market Riley 5374. G. H. HERRMANN 1722 S. East St Dr, <477 U NDERTAKEI*: " 931 N. * TITUS „ KBIEGER, WM. E. funeral director „ 14M N. Illinois St. R 1 1243. Res.. Be. 3866-R I. J. C. WILSON; funeral parlors, ambulance service and modern automotive equlnment Dr 0321 and Dr. 0322 Lost and Found BILLFOLD—Rew. Caylor Carney; Rhodes. Hlce it Etter, 7th floor Century Bldg. BILLFOLD—Lost, wffh $12.50 t0~5157 vaU uable cards, Mr. Aston. LI. 2526. Rew. BRACELET—Heavy Gold link; lost downtn. Sat.; valued keepsake. Reward. He 4789. DELTA CHI SORORITY PIN; LOSTT RE 3248 day. Reward. FOX FUR—Black, lost Tu'es"; between Ala.. Ogden and North. Reward. Rl. 7734, POCKETBOOK—Money, ehecks. Odd Fellow receipts of Frank Carpenter. Tuesday, between Sharpsville and Indpls. Rew. Dr. 0183-W. FOUR MENDED silk stockings, lost Fri 7 downtown district. Reward. Wa. 1072. GRIP—Tan; from sidewalk, norfh^sidewalk north side Louisiana fit., between Union Station and Meridian. Reward for return. Call daytime. Li. 6451; eve., Wa. 5369 MARE—Bay, strayed from 3902 School; star on forehead, name Prince. Ch. 4483. MASONIC—Pin; lady's solid gold; blue _enamel; lost downtown. Be. 2646. Re. Special Notices YOUR CAR WASHED for $1.50 any day except Saturday, washing at night, no storage charge. PARKWAY GARAGE, 325 N. Pennsylvania. Next to Y. W. C. A. FANCY HORSEBACK RIDING' CoifT PETENT INSTRUCTOR. TRAINED’ SADDLE HORSE FOR RENT; LOW RATES. RI. IT IS A PAYING proposition whelr vou buy Stepping stones” magazine, 10c a copy at 510 E. Market St. HARDWOOD FLOORS INSTALLED ON TENPAYMENT PLAN ESTIMATES FREE. CH. 2450. _ ON OR AFTER—JuIy 17. 1928. I will not be responsible for debts contracted bv any other than mvself. CARL WALLACE. 414 N. Illinois St. PAlNTlNG—Varnishing in exchange for automobile. Box C 665, Times. Instructions LEARN BARBERING —Trained barbers In demand. Big money earned in short tine. Easy to get started. Write MOLER COLLEGE. 512 N. State St.. Chicago. VOCAL LESSONS. sl—Young men and women. Li 7251. 11l Pembroke Arcade. PIANO—And Harmony lessons, full hour; sl. Oraduata Teacher, Rl. 3080. Help Wanted Male WANT Experienced gas stove sales persons, also persons familiar with refrigerators; give age and experience or apply before 11. employment office. L. S. Avves k Cos. AUTOMOBILE SALESMAN One of the livest organizations in city is increasing its sales force and Is In need of 4 new car talesmen and 4 used car salesmen. If you are a hard, willing worker we have a proposition where you can make real money. Ask for Mr. Long, A. B. MUELLER NASH SALES. 635 Vtrginia Ave. A WELL established firm desires the services of an experienced intelligent, neat appearing man to call on physicians and hospitals In protected territory with line of pharmaceuticals and hospital dressings: permanent position with wonderful possibilities for the future. Full credit on mail business. See Mr. Glendenlng, Hotel Lincoln; 7 to 8 in evening; 10 to 12 in morning. SALESMAN—Good position; commission basis. Ri. 5227. B‘2 Massachusetts. SALESMEN—Wanted to sell Hoosler Motor Club memberships; also automobile insurance. Must have neat appearanc# and have automobile. Good opportunity for those interested. Apply in person. 1840 N. Meridian St. _ TEAMSTERS AND LABORERS. call bu im