Indianapolis Times, Volume 40, Number 56, Indianapolis, Marion County, 26 July 1928 — Page 12

PAGE 12

U. $. STEEL IS I LEADER IN LIST I IN STOCK MART peal Silk Hosiery Features | Special Group Rising to New High.

Average Stock Prices

Average of twenty Industrials Wednesday was 213 04. up 1.04. Average of twenty rails was 137.50. up .25. Average ©f forty bonds was 96.04, off .05. Xv United Press NEW YORK, July 26.—Real Silk Hosiery featured the special group in the stock market today, rising 8%. points to 31, anew high for the year. U. S. Steel led the general list in the morning trading rising 1% to 140%, while the remainder of the list moved in a narrow range with the majority of issues fractionally higher. General Motors sold off Va point pet to 188 and Radio lost % to 167. (General Electric and Westinghouse also eased off slightly. Pair demand was noted for Montgomery Ward which firmed up fractionally, while National Cash Register rose % to 66; American Can, % to 89%; Eastman Kodak, % to 185, jgjid Allied Chemical, up % to 176%. Lima Locomotive declined to a jiew low for the year at 45, off 3%. Belling of this issue was based on the company’s action today in passing the common dividend because jpf poor conditions in the industry. { Rails Steady to Firm Rails continued steady to firm, Jsut trading in this group was light. Oils were slightly better due to improvement shown in recent earnings statements of the several oil pompanies. Kolster Radio, listed today, was Active around 58%, after opening at 87% . Stanley Company, another pew stock, also gained fractionally. Describing the market, the Wall (Street Journal’s financial review (today said: “Trading started off slowly with (the volume light. Apathy was due to the tendency of the speculative Community to await the weekly Federal Reserve statements and report on brokerage loans scheduled for publication after the close of the market tonight. Movements Narrow “Price movements in the standard Stocks were narrow and generally meaningless. United States Steel however, displayed strong tone, rising to new high ground on the current recovery. Buying of Steel was attributed to a strong group with the Fisher interests prominent. These people were said to be grooming Steel for market leadership on the basis of flourishing conditions in the steel industry.” Stocks maintained a strong tone throughout the morning. United States Steel continued in the lead, rising to 141%, up 2%. Bethelhem was a favorite in the industrial group. Coppers, rails and utilities were les active, but firm. Special issues made the widest gains, featured by Real Silk. Coty advanced 5 points to 183, while Texas Gulf Sulphur was up 2% at 71%. Paramount led the amusements with a gain of 1% to 134%, anew high for the year. Studebaker, Chrysler and Hudson were the features of the motor division, while Woolworth gained a point to 183% in the chain store division.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $3,023,Dco. Debits were $5,840,000. NEW YORK STATEMENT United Press NEW YORK. July 26.—Bank clearings today were $1,019,000,000. Clearing house balance was $94,000,000. Federal reserve bank credit balance was $81,000,000. CHICAGO STATEMENT ® ii United Press CHICAGO. July 26.—Bank clearings today were $108,800,000. Clearing house balance was $6,300,000. FOREIGN EXCHANGE 2?,v United Press NEW YORK, July 26.—Foreign exchange Bpened steady. Demand sterling $4.85%, off .001-16; francs 3.91 5-16, up .00 1-16; Hra, 5.23%c; Belga, 13.92 c; marks 23.87 c, BP -01%. LIBERTY BONDS Xv United Press NEW YORK. July 26.—Liberty 3%s bpened at 99.30; Ist 4%s 100.20, off 6; 4th 4%5, 101.

In the Cotton Market

(By Thomson & McKinnon) NEW YORK, July 26.—Granted that the technical position Is sound In the cotton Biaiket. To what use should we put the knowledge? These who are satisfied with profits ol 25 or 30 points are justified In buving cotton on breaks now as there [Will be many short covering flurries. Those who sold cotton at higher levels will probably profit by waiting until some of the private condition figures are published next Week. ’Sy United Press NEW YORK, July 26.—Cotton futures ©pened higher. October 20.70, up .13; December 20.50, up .14; January 20.42, up .13: March 20.37, up .14; May 20.25, up 44. ;girl accuses officer JNew Albany Constable Faces Charge at Jeffersonville. 2ly United Press NEW ALBANY, Ind., July 26. Lloyd Mcßride, one of two officers, sivho, for a short time earlier this yreek were believed to ve met foul play while escorting prisoners from one Indiana town to another, today face charges in Clarl County of contributing to the delinquency pf a girl, according to police. Mcßride and Constable Chester Wright of New Albany were missing for almost twenty-four hours after they left New Albany to take three prisoners to Bedford. They eventually were found in IBedford and Mcßride was arrested in New Albany as he stepped from the train on which he returned from Bedford. Then he was taken to Jeffersonville to face the charge.

Local Wagon Wheat

Local grain elevators are paying $1.25 for No. 2 red wheat and $1.09 for No. 2 bard wheat. Other grades are purchased on their merits.

New York Stocks (By Thomson St McKinnon) ““

—July 26 Prev. Railroads— High. Low. 12:00. close. Atchison 190 % 190 190 190 Atl Coast Line k 167 Bait & Ohio 105% 105V 4 105% 105% Canadian Pac ..207% 205 207 204% Chesa & 0hi0...181 ... 181 181 Chi & A1t0n.... 10% ... 10% 10% Chi & N West... 80% 80'/a 80% 80% Chi Grt West ..14 ... 14 13% C R 1 & P 116 115% 116 116 Del & Hudson ..189% 185% 18#V 2 184% Del & Lacka 131% Erie 53% ... 53% 53% Erie Ist pfd 52% Grt Nor pfd 97 ... 97 96 111 Central ....140% ... 140% 14.% Lehigh Valley ..98 ... 98 98% Kan City South 47 ... 47 47 Lou & Nash ... 140% M K & T 36% ... 36% 36% Mo Pac pfd 115 Vi .. 115% 115 N Y Central 162% 161% 162 161% N Y C & St L 124% NY NH & H.... 57 ... 57 56% Nor Pacific .... 94% ... 94% 95% Norfolk & West 175 % Pere Marquette 128 Pennsylvania .. 64% 64% 64% 64% P <fc W Va 138 Reading 100 ... 100 99% Southern Ry 147 Southern Pac ...119 ... 118% 118 St Paul 35% 35% 35% 35% St Paul pfd .... 48% 47% 48 47% St L & S W 87 St L & S F 113% Texas & Pac ...175 ... 175 176 Union Pacific ..193% ... 193% 194 W’est Maryland. 39% 39% 39% 38% Wabash 74% 73% 74 73 Wabash pfd .... 93 ... 93 Rubbers— Ajax 8% ... 8% 8% Fisk 11% 11% 11% 11% Goodrich 77% 75% 77% 76 Goodyear 50% 49% 50% 49% Keljys-Spgfld ... 20% 20% 20% 20% Lee 19 United States ... 32 31% 32 31% Equipments— Am Car & Fdy.. 92% ... 92% 93 Am Locomotive.. 95% 95% 95% 96 Am steel Fd .... 54% 54 54 53% General Elec ...143% 148% 149% 149 Gen Rv Signal .. 98% ... 98 98 Lima Loco 48 ... 45 48% N Y Air Brake , 42 Pullman 80% 80% 80% 80% Westlngh Air B. 45% ... 45% 46% Westingh Elec.. 960 / 95% 96 95% Steels— Bethlehem 58% ... 56% 57% Colorado Fuel. 64% ... 63 % 63% Crucible 71% Gulf States Stl. 65% 64% 65% 64 Inland Steel ... 55 ... 55 55 Phil R C & 1.. 28% ... 28% 28% Rep Iron & Stl. 56% 56 56% 56% Otis Steel 23% 22% 23 22% U S Steel 141% 139% 141% 139% Alloy 33% ... 33% 33 Youngstown St.. 89% 88% 89 88% Vanadium Corp. 75% 74% 75 74% Motors— Am Bosch Mag. 31% 30% 31 32% Chandler ...7... 15% 15% 15% 15 Chrysler Corp.. 75% 73% 74% 73% Conti Motors.. 11% ... 11% 11% Dodge Bros .... 14 ... 14 14 Gabriel Snbbrs. 19% ... 19% 20 General Motors .190% 188 190 188% Hudson 80% 79% 80 % 79% Hupp 55% 55 55% 55% Jordan 11% Mack Trucks ... 91% 90% 91 90% Martin-Parry 17% Moon 6% 6% 6% 6% Nash 83% ... 83 82% Packard 73 72% 73 72% Paige 32 31% 31% 32 Peerless 18% ... 16% 16% Pierce Arrow ... 11 ... 11 10% Studebaker Cor.. 70% 69% 70% 68% Stew Warner .. 93 92% 92% 91% Stromberg Carb. 50% ... 50% 51 Timken Bear 122% Willys-Overland. 20% ... 20 20 Yellow Coach.... 31% 30% 31 30% White Motor 37 ... 37 37% Mining— Am Smlt & Rfg.199% 195% 198% 195 Anaconda Cop.. 66% ... 66% 66% Calumet & Ariz.. 97% 96 97 95% Cerro de Pasco ..75% ... 75% 95% Chile Copper .. 44% 44% 44% 44% Greene Can Cos.. 99% ... 99% 99% Inspiration Cop t. 21% Int Nickel 93% 93 93% 93 Kennecott Cop.. 94% 94% 94% 94% Magma Cop 50% Texas Gulf Sul.. 71 69 70% 68% U S Smelt .... 47% ... 47% 46% Cils— Atlantic Rfg ....145 142 144"% 144 Freeport-Texas . 62% 61% 62 61% Houston Oil 130 127% 128 130% Indp Oil & Gas. 23% ... 23% 24% Marland Oil .... 35% 35% 35% 35% Mid-Cont Petrol 28% ... 28% 28% Lago Oil & Tr 30% Pan-Am Pet B. 42 ... 41% 41% Phillips Petrol .. 37% ... 37% 37% Pro & Rfgrs .... 24% ... 24% 24 Union of Cal ... 51% 51% 51% 50% Pure Oil 22 Royal Dutch . . 53% ... 53% 54% Shell 26% ... 26% 26% Simms Petrol 20% Sinclair 11 25% 24% 25 24% Skelly Oil 30% ... 30% 30 Std Oil Cal .... 57% ... 57% 57% Std Oil N J .... 43% ... 43% 43% Std Oil N Y .... 33% ... 33% 33% Texas Com 59% 59% 59% 59% Transcontl 7% ... 7% 7% Richfield 45% ... 45% 45% Industrials— Adv Rumely .... 43Va ... 43% 42% Allis Chalmers 125 Allied Chemical .178 175% 178,, 176 Armour A 18% 18% 18% 18% Amer Can 89% 88% 89% 89 Am Hide Lea , ... ... 10% Am H L pfd ... 43% ... 43% 44 Am Linseed ...111% ... 111% 112 Am Safety Raz.. 63% ... 63'/a 64 Am Ice 40% ... 40% 40% Am Wool 16% 15% 16 15% Curtis JO4 Coca Cola ••• •*. 161 Conti Can ....101% ... 100% 101% Certain teed . 42% Congoleum 23% ... 23% 23% Davison Chem... 54% 53 53% 54 Dupont 375 ' ... 375 372% Famous Players .133% 132'/a 133 132% Gen Asphalt.... 71% ... 71% 71% Int Bus Mch ...123% ... 123% 124% Int Cm Engr... 59% ... 59 58% Int Paper ... 70% Int Harvester ..268 ... 268 275% Lambert 108 ... 108 107% Loews 55% 54% 55 54% Kelvinator 10% 9% 9% 10% Montgom Ward .170% ... 169% 169% Natl C R 66% 65% 66% 65% Pittsburgh Coal 47% Owens Bottle... 77% ... 76% 76% Radio Corp ...170 167 168 167% Real Silk 28% 28% 28% 28% Rem Rand . >v . 29% 29% 29% 29% Sears Roebuck .117% ... 117 116% Union Carbide. .157% 155% 157% 155% Unlv Pipe 20'% 19% 20% 20% U 6 Cs Ir Pipe 239 U S Leather .... 48 47% 48 47% U S Indus Alco 110 Wright 154 ... 154 153% Woolworth Cos.. 183% 182 183 182% Utilities— Am Tel & Te1..175% 174 175 174% Am Express 181 Am Wat Wks ... 57% ... 57% 57% Brklyn-Manh T 54 Col G & E 112 ... 112 112 Consol Gas .... 148% ... 147% 147% Elec Power & Lt. 34% 34 34% 34 Interboro 39% ... 39V* 39Va Nor Am Cos .... 71% 71 71% 71 Va Nat Power .... 33% 33% 33% 33% Pub Svc N J ... 55% 55% 55% 55% S Cal Ed 47% ... 47Va 47% Std Gas & El .. 64>/ 2 ... 64% 64 Utilities Power.. 38% ... 38% 38 West Union Tel 144 ... 144 144% Am h Tn P t'r Corp.. 97% 97 97 97V 2 Am Ship & Com , 4% Atl Gulf &W I. 49% 4874 49% 49% Inti Mer M pfd 36% United Fruit ... 137 Foods— Am Sug Rfg 71% ... 71% 71% Am Beet Sugar 21% 20% 21% 19% Austin Nichols.. 4% ... 4% 4% Beechnut Pkg 71% California Pkg ~71 ' ... 71 70% Corn Products .. 75 73% 75 72% Cuba Cane Su p 20% 20 20% 20% Cuban Am Sug. 18% ... 18Va 18% Fielschmann Cos. 69% ... 69% 69% Jewel TeA 108 Jones Bros Tea 27Va Natl Biscuit 162% ... 162% 162 Nat Dairy 80% ... 80 79% 'Postum Cos 64 6374 64 64 Ward Baking B 18% ... 18% 18% Tobaccos— Am Sumatra 162% Am Tobacco ....163 ... 163 162 Am Tob (8)... .164% 168 164 161 Con Cigars 88 General Cigar 61% Lig & Myers... 90% 89V* 90% 89% Lorillard 31% ... 29% 29% R J Reynolds ..134% ... 134% 134% Tob Products B. 99% ... 9874 99% United Cigar St 24 ... 24 24 Schulte Ret Strs 55%

In the Stock Market

(By Thomson & McKinnon) NEW YORK, July 26.—1n the midst of a very good market the demand suddenly ceased, offerings increased and the close was rather easy. Two explanations are offered. One is that the market was almost wholly professional and therefore traders were anxious to secure some profits. The other is the advance in the rate of bankers’ acceptances being construed as a continuation of the Federal reserve policy against speculative operations. Which ever explanation you take the fact remains that the market has not yet reached the stage where you can count on public support or sustained advances.

The first cinema play produced ir England was “The Soldier’s Courtship.” It was acted on the roof of the Alhambra Theater, London. It was a film of about forty feet and was exhibited jn one minute.

PORKER PRICES STEADY: DIME OFF ATTARDS Hog Top at $11.60: Other „ Material Is Steady Today. July 19. 10.25®11.60 11.60 7,000 20. 10.25W11.40 11.40 7.500 21. [email protected] 11.25 3.000 23. [email protected] 11.50 4,000 24. [email protected] 11.40 6.000 25. [email protected] 11.65 6.500 26. [email protected] 11.60 7,000 With the supply somewhat higher, 7,000 fresh animals being received today, hogs held steady to 10 cents lower on the local livestock exchange. The top price was $11.60 and the bulk of material weighing 170-300 pounds sold upward from $11.50. There were 394 animals held over from Wednesday’s trading. All other divisions presented steady tones. The Chicago market was slow, strong to 10 cents higher, with 20,000 hogs on hands. Several bids and a few sales on choice 185-250-pound weights were around $11.45 @11.50. Lights, Pigs Unchanged Heavy meat animals weighing 250-350 pounds brought [email protected], dropping 10 cents on the top, and material in the 200-250-pound class was off 5 to 10 cents, selling at [email protected]. Lights. 160-200 poi .ds, were priced the same, declining 5 cents on the top. Other classes were steady, quotations ranging as follows: 130-160 pounds, $10.75@ 11.25; pigs, 90-130 pounds, $8.50@ 10.50, and packing sows, $9.50@ 10.50. The cattle supply was 500 head In a steady to higher division. Beef steers were priced at [email protected], and cows brought $8.25@10, up 25 cents. Low cutter and cutter cows were $5.25 @7, and bulk stock and feeder steers, sß@l2. Others Unchanged Best vealers sold for sl4® 15, and heavy calves at s7@ll, in a steady market. The supply was 600. Sheep and lambs were steady with the top resting at $14.50. Bulk fat lambs were sl4@ 14.25, and bulk culls, $8.50@ 10.50. Fat ewes went at [email protected]. There were about 1,100 received. —Hors — Receipts. 7,000: market, steady to lower. 250-350 lbs sll.oo© 11 50 200-250 lbs [email protected] 160-200 lbs [email protected] 130-160 lbs 10 [email protected] 90-130 lbs [email protected] Packing sows [email protected] —Cattle— Receipts, 500: market, steady to higher. Beef steers $13.50015.75 Beef cows [email protected] Low cutters and cutter cows.. 5.25@ 7.00 Bulk stock and feeder steers.. [email protected] —Calves— Receipts. 600: market, steady. Best vealers $14.00015.00 Heavy calves [email protected] —Sheep— Receipts, 1,100; market steady. Top fat lambs $14.50 Bulk fat lambs [email protected] Bulk cull lambs 8.50010.50 Fat ewes 4.50@ 6.50 Other Livestock Bv United Press CLEVELAND. July 26.—Hogs—Receipts. 1.000: market, strong to 5c higher: too. *11; 250-350 lbs.. [email protected]; 200-250 lbs.. *11.75(3)11.80: 160-200 lbs.. SU.f5; 130-160 lbs.. [email protected]; 90-130 lbs.. 310.75011; packing siws, [email protected]. Cattle—Receipts. 150. Calves—Receipts, 150; market, slow steady; feeb steers. [email protected]: beef cows, $7.25 @9.25; low cutter and cutter cows, $5.2506.75; vealers. [email protected]. Sheep—Receipts. 200: market, steady: top fat lambs. $15.50; bulk fat lambs. [email protected]: bulk cull lambs, $11@!2.50; bulk fat ewes. *5 @6.50. Bv United Press FT. WAYNE. Ind.. July 26.—Hogs—Receipts. 250; market steady to 5 to 25 cents higher: 90-110 lbs.. *9: 110-130 lbs.. *10; 130-140 lbs., *10.50: 140-150 lbs.. 510.75; 150-160 lbs.. *11; 160-170 lbs., $11.25: 170250 lbs.. *11.35; 250-300 lbs.. *11.50: 300350 lbs., *11: roughs. *909.25; stags. *6.50 @7. Calf—Receipts. 25; market. sls downSh,pep—Receipts. 100: market lambs. sl4 down. Bii Times Special LOUISVILLE. July 26.—Hogs—Receipts. I, market 10c higher; best heavy and medium hogs. 180 lbs. up, *11.65: pigs and lights, 180 lbs. down, *7.65010.25; stags and throwouts. *3.55(3 9.15. Cattle Receipts, 200; market steadj; prime heavy steers, *13@14; heavy shipping steers. *l2 @l3: medium and plain steers. *10012; fat heifers. *10013.25; choice cows. *8.50 @10; medium to good cows. $6.5008.50; cutters, $5.50 0 6.50; dinners, *[email protected]; bulls, *6@9; feeders. *11.25: stockers. *8.50 @11.25. Calves—Receipts. 200: market 50c higher; good to choice. *10.500 12.50; medium to good, $8.50010.50; outs. *8.50 down. Sheep—Receipts, 2.000; market steady; lambs. [email protected]; few choice. *l4 @14.25; seconds, *[email protected]; sheep, *406; bucks, *[email protected]. Wednesday’s shipments: Cattle, 162; calves, 139; hogs, none; sheep. 3,128. Bit United Press EAST BUFFALO, July 26.—Hogs Receipts, 500; holdovers. 426; market, asking 10@15c higher; 250-350 lbs.. *[email protected]: 200-250 lbs., *12012.25; 160-200 lbs.. $l2O 12.35; 130-160 lbs.. $11.500 12 : 90-130 lbs., *11.25011.75: packing sows. *9.20010. Cat-tle-Receipts. 350; calves. 150- market slow, steady; beef steers, *12016; light yearling steers and heifers *13.50015.25; beef cows, *[email protected]; low cutter and cutter cows. $4.70 07; vealers. *15.60 0 16. Sheep —Receipts. 1,400: market steady: bulk fat lambs. *15.50016; bulk cull lambs, SIOO 12.50; bulk fat ewes. *[email protected]. BU United Press TOIiEDO, July 26.—Hogs—Receipts. 250; market steady to 10c up; heavies, *10.50@ 11. mediums. *11.50011.75; Yorkers. ([email protected]; good pigs. *10010.50. Cattle —Receipts, light; market slow: calves, light; market steady. Sheep and lambs— Receipts, light l-marlcet steady. SURVEY AIRPORT NEEDS U. S. Official to Advise Committee on Municipal Field. Survey of Indianapolis municipal airport possibilities was begun this afternoon by A. P. Talliaferro of the aeronautical division of the United States department of commerce who was invited to the city to advise the air committee of the industrial commission and the one appointed by Mayor L. Ert Slack. The air expert was a guest of C. L. Herrod, manager of the Chamber of Commerce and head of the industrial commission, at a luncheon attended by members of both committees of the Chamber of Commerce grill. Tour of the city outskirts with inspection of possible fields followed. Road Worker Electrocuted By United Press NOBLESVILLE, Ind., July 26. Forest Hanna, 30, son of Dr. J. E. Hanna, of this city, was electrocuted while working with a construction company on a road near here. A first aid crew worked with him four hours, but failed to revive him. The porters who carry baggage from trains to taxis in Copenhagen, work as a co-operative union with a small flat charge. They are the only porters known to return money .when overpaid.

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Commission Row

PRICE TO RETAILERS FRUITS Apples—New fancy Transparents, *2.25@ 2.50 basket: fancy barrel apples, season-* able varieties, $6.50; new fanev basket apples, seasonable varieties, *2.25 crate, 40 lbs.; Winesaps. choice box apples, seasonable varieties. $2.75. Apricots—s3.7s crate. Blackberries—*3.7s 24-qt. crate. Cataloupes—Arkansas, $2.75 crate. Cherries—California. $3, 16-qt. crate. Currants—s 6. 32-qt. crate. Dewberries—s2.7s, 24 pt. case. Gooseberries—lndiana. *6. 24-qt. crate. Grapes—California, [email protected] crate; Malagas. $3.50 crate. Huckleberies—Georgia. $7.50. 24-pt. crate. Lemons—California. *8.5009.25. crate. Limes—Jamaica. $2.75, 100 lbs. Melons—Honey Dew. California. $5 25. Oranges—California Valencias, $7.75® 9.75 crate. Peaches—Southern. *5 crate. Pears—Bartletts. [email protected]. Plums—California, $1.7502.50 crate. Raspberries—Black. $3.50. crate; red. $4.50 crate. Watermelons—Florida. $1 each down. VEGETABLES Asparagus—Green. 90c doz. bunches. Beans Mississippi stringless, $1.25 hamper. Beets—Home grown. 35c doz. Cabbage—Home grown. 75c bbl. Carrots—Louisiana. 35c doz. Cauliflower—Home grown. $1.25 bu. Celery—Florida. $1.50* crate. Corn—Fancy, Texas. *2.50 bu. Cucumbers—lndiana hothouse. *1.15 doz. Eggplant—Home grown, $1.50 doz. Kale —Spring, 60c bu. Mustard—Fancy, home grown. 50c bu. Okra—Tennessee. $1.50 basket. Onions—Home grown, green. 25@40c doz.; Texas crystal wax. $2 0 2.25 crate. Parsley—Home grown. 80c doz. bunches Peas—New York. Telephone *1.50 bu. Peppers—Louisiana Mangoes. $2 hamper. Potatoes—Michigan, white, $2. 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 home grown, $1.75 bu. Sweet potatoes—s3.so bbl. Turnips—New. $1 bu. MISCELLANEOUS Cider— *4.so 6-gal. case; *4.75 doz., %- (jarllc—California, 20c lb. Births Boys Ewald and Lila Braun. 2617 N. Alabama. Richard and Lula Butler. Coleman Hospital. Judson and Florls Boykin. 3707 E. Sixteenth. Raphlel and Jessie Kln.brew. 1322 E. Twenty-Fourth. Orville and Ethel Lafollette. 1226 S. West. Robert and Isabelle Brown. 546 N. Blackford. Walter and Thelma Scalf, 3809 E. ThlrtvFlrst. Donald and Helen Morford. 1257 W. Twenty-Seventh. Ludwig and Caroline Stanlch. 765 N. Holmes. Girls Albert and Rose Bader, 355 Prospect. George and Mabel Cashman. Coleman Hospital. John and Francis Batton. Coleman Hospital. Ralph 1 and Catherine Culbertson. Coleman Hospital. Harry and Rose Mandalach. 904 N. Key- | stone. Jessie and Gertrude Smith. 930 N. Miley. Clarence and Ethel Webb. 738 W. North. Kenneth and Elaine Fenton. 1841 E. Forty-Third. Edgar and Fannie Roller. 1849 Montcalm. Deaths Willard C. Bay, 73, 515 N. Emerson, endocarditis. Lottie Bratton, 23. 535 Agnes, pulmonary tuberculosis. James K. Warfield, 81. 1793 Roosevelt, cerebral hemorrhage. Beatrice C. Johnson, 24. Methodist Hospital. acute Intestinal obstruction. John A. Peterseim, 65, Methodist Hospital. choleyiithlsls. Infant Gardiner, 7 hours. 1624 Lawton. Pr M£b<T l Pruttt! l Perkins. 61. 973 Somerset. h> J P o°hn y c OC Feols. 78. Long Hospital, uremia. Eldora A. Soots, 1, a39 Coffey, gastro enteritis. .. . ... Lowell Napier, 3 months, city hospital, gastro intestinal obstruction. Laura Belle Baker. 6 days, city hospital. Pr Anna Ü Bell lr ßurton. 85. 5302 E. Terrace, chronic myocarditis. in Sarah Elizabeth Gapen, 33. Central Indiana Hospital, general paralysis. Agnes G Hampshire. 31. St. Vincent Hospital, mitral Insufficiency. ARREST N. Y. AUTHOR Bodenheim Found in Night Club; Is Freed. By United Rress NEW YORK, July 26—Maxwell Bodenheim was arrested today by detectives who found him lavishing tips and dance checks on the hostesses of an uptown dance hall. The author who disappeared last week after the death of Virginia Drew, his v literary protege, had slipped back into town and had bee* working on his new novel. Last night he started out “just to see the sights.” In the small hours of the morning, Detective James Sullivan saw him on the floor of the Rose Danceland and remembered that his picture had been in the papers recently in connection with the Drew suicide and the disappearance of Miss Gladys Loeb, another protege, who was found with him in Provincetown, Mass. Detective Sullivan did not recall, however, that headquarters issued a statement saying that Bodenheim had been cleared and that he was not wanted by the police. For that reason the novelist was released after being taken to the police station.

Produce Markets

Butter (wholesale price) No. 1. 47@48c: No. 2, 45(3>46c lb. Butterfat (buying price)—4s®46c lb. Cheese (wholesale selling prices, per pound)—American loaf, 34c: pimento loaf. 33c: Wisconsin flat. 39c: prime cream. 25® 27c; flat daisy, 265727 c; Longhorn. 25® 27c: New York iimberger. 32c. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off. 25c doz. Poultry (buying prices)—Hens. 205121 c: Leghorn hens. 14®)15c: 1928 spring large breed. 2 lbs. and up, 28c: lV2@lVt lbs., 245825 c; Leghorns. 205721 c; old roosters, large, 115712 c; small, 10c: ducks, 10c; geese. 8c; guineas, young, 50c; old. 35c. By United Press NEW YORK. July 26.—Flour—Quiet and steady. Pork—Steady. Mess—s32.so. Lari —Firm. Midwest spot, $12,605/12.70. Sugar —Raw, dull; spot 96 test, delivered duty gaid. 4.18574.21 c; refined, easy; granulated. .75575.80 c. Coffee —Rio No. 7. on spot, iey@l6%c; Santos No. 4. 23%5i24c. Tallow—Steady; special to extra. B@BVic. Hay —Dull but Arm; No. 1, $1.25© 1.30; No. 3. [email protected]; clover. 75c5751.20. Dressed poultry—Steady to firm: turkeys, 255747 c; chickens, 265746 c; broilers. 30@41c; fowls, 155741 c: fowls. 1557'30c; ducks. 185725 c. Live poultry—Steady: geese. 105712 c; ducks, 155723 c; fowls, 165725 c; turkeys, 205725 c; roosters, 175718 c; broilers. 255742 c. Cheese —Easy: State, whole milk fancy to specials, ’ 26Vic; young Americas fresh. 2657 26V2C. Sweet potatoes—George barrels. $5 5715: southern. 75c57*1.50. Butter—Firm; receipts. 12.311; creamery extras, 44'/ic; special market, 455745V2C. Eggs—Firmer; receipts, 23,517: nearby white fancy, 4357 45c: nearbv State whites, 33@42c: fresh firsts, 305730 Vic; western whites, 325736 c; Pacific Coast, 335741 c; nearby browns, 30Vi (£4oc. Bjt United Press CLEVELAND, July 26.—Butter—Extras in tub lots. 46%@48 3 /4C: extra firsts. 43% 57 45%c: seconds. 39V45841%c; prints. 1 to 3 cents above current quotations. Eggs— Extras, 35c; extra firsts. 33V4c; firsts. 29c; ordinary, 27Vic. Poultry—Heavy broilers. 355737 c; Leghorns. 2357,25 c; heavy fowls. 255726 c; medium stock. 2557 2 6c: Leghorns. 185720 c: ducks. 185720 c; geese. 155717 c; old cocks, 16®> 17c. Potatoes—U. S. No. 1 cloth top stave barrels. Virginia, $1.85572. Aged Knoxville Editor Dies BH United Press KNOXVILLE, Tenn., July 26. Captain William Rule, 89, known as the oldest active editor in America and for years editor of the Knoxville Journal, died here today. He was operated on late Wednesday for appendicitis.

WHEAT LOWER; CORN AND OATS ARE IRREGULAR July Deliveries of Yellow Grain Hold Firm, Others Off. Bi) United Press CHICAGO, July 26.—Continued weakness at foreign markets sent wheat sharply lower on the Board of Trade today. July corn held firm, but the deferred deals weakened. Oats was irregular. Wheat opened 1 % to lT*c off; corn ranged from l%c off to %c up, and oats was 14c off to tsc- up. Provisions were unchanged. Traders believe future gains in wheat will be only temporary because of the excellent crop prospects in Canada and the Northwest. Spring wheat harvesting is expected to start soon. The continued strength iu corn surprised traders Wednesday. Crop reports are highly favorably. Oats have been lacking in significant news. Chicago Grain Table WHEAT— ~ July 26 ~ prey . , High. Low. 12 rn. close! July 1.19% 1.17% 1.19% 1 19% Sept > 1.22% 1.20% 1.22 1.22% Hoorn—*** 126 H inv * 1,28 126 % July 1.07% 1.06 1.07% 1.08% Sept 93% .91% .93% .92% De <sxfsn 78 77 - 78 - 77T * July 47% .47 .47% .47% Sept 40 .39% .40 .39% Dec .43 .42 .42% .42 RYE— July 98% .98 .98% .99 Sept 1.00% 1.00 1.00% 1.00% Dec 1.02% 1.01% 1.02% 1.03 LARD— July 12.32 Sept 12.47 .... 12.45 12.47 Oct 12.62 .... 12.62 12.62 RIBS— July 14 00 .... 14.00 14.00 Sept 14.00 .... 14.00 14.02 Bn Times Special CHICAGO. July 26.—Carlots: Wheat. 50; corn. 219; oats. 35; rye. 0. BOWERS WILL SPEAK Keynoter to Notify Robinson in Arkansas Aug. 30. BJt United Press HOT SPRINGS, Ark., July 26. Plans were announced today for the seating of 25,000 persons on a hillside here for the official notificatio nos Senator Joseph T. Robinson, Democratic vice presidential nominee. Aug. 30. A platform from which Claude Bowers. New York newspaper man and keynoter at the convention, will deliver the notification address andl from which Senator Robinson formally will accept the nomination, will be erected in front of the New Arlington Hotel, opposite the hillside. Electric amplifiers will be installed. The selection o* Aug. 30 for the ceremonies, just eight days after the notification of his chief. Governor Alfred E. Smith, was made Wednesday night after communications with Democratic headquarters in New York. FINED INJOOL CASE Two Assessed Despite Plea of Faulty Warrants. Another “lawyer’s argument” regarding search warrants evolved by Attorney Henry Winkler in Municipal Judge Paul C. Wetter’s court this morning failed to keep his clients from fines and a sentence. Winkler pointed out that when police raided the poolroom at 2140 N. Illinois St., July 9, end arrested John McCarty, 951 W. ThirtyFourth St„ proprietor, and George Young 2430 Pearson St., employe, the search warrant covered only baseball pool books. Therefore, attempts to introduce notebooks, money and other evidence that might be damaging was ruled out upon motion of Winkler. The judge, however, after dropping the charge of baseball pool selling, fined each of the men $25 for keeping a gaming device and sentenced McCarty to fifteen days on the Indiana State Farm. Winkler announced the cases will be appealed. DYING MAN READY TO CONFESS OLD MURDER Tipton Resident Indicates He Was Slayer 45 Years Ago. By United Press TIPTON, Ind., July 26.—Sheriff Claude Louks today hoped to clear a mystery of forty-five years’ standing. The mystery revolves around the disappearance of Anthony Burr, trustee of Prairie township, Tipton County. Its solution rests with Commodore Thomas, who has told Louks he desires to make what he believes to be a deathbed confession. Thomas was accused of murdering Burr at the time of the trustee’s disappearance but was exonerated. Burr’s accounts were short $1,300 and officials believed then that he had fled the country. George Thomas, son of the dying confessor, said that his father revealed to him that he had slain Burr and had buried the body in a stock well near the Burr home and on the margin of a swamp. Loucks said he will attempt to locate the old well in hope of recovering the body. Copper Dividend Declared BV United Press NEW YORK, July 26.—Green Cananean Copper Company today declared a divided of $1 a share on the common stock. The payment was ordered at this time because no quorum of directors will be possible next month. On July 2 the company paid a dividend of sl. SUGAR OPENING By Times Special NEW YORK. July 26.—Sugar futures opened lower. September, off .01: December and January. 2.39. off .01;-March 2.41, off .02; May 2.48, off .01.

The City in Brief

Agents and employes of the Old Trails Automobile Insurance Company pinlcked today at Broad Ripple Park. The trip to the park was made in a motor caravan, with decorated cars, from the Don Herr garage. The usual picnic program, with games and contests for prizes made up the program. At 6 p. m. a dinner will

After Money

!■■) I. 'jraUllUg .

Expenses of the Republican presidential campaign will be met on a strictly business basis this year, and here’s the evidence of it. J. R. Nutt, treasurer of the national committee, is holding one of the receipts that will be sent to every contributor.

Building Permtis H. Lowe Realty Company, dwelling and Karaite. 3356 School, *5.050. City hospital, canopy. $5,500. S. Schory, KaraKC. 2306 Woodlawn. W. P. Patton. garage. 518 W. Tenth. *2OO D. W. Talmage. dwelling and garage. 5807 College. *IO.OOO. B. W Bass, repairs. 6539 Ashland. *BOO. L. Esslcke, reroof. 3054 N. New Jersey, *2OO. L. Esslcke. garage. 3054 N. New Jersey, *350 Z A. Ehrensperger. dwelling and garage. 515 E. Sixty-First. $6,050. M. S. Parrott, addition. 2114 Marttndale $l,lOO. D. W. Le Gore, dwelling. 5629 Winthroo. $3,150. Central Wire and Iron Works, reroof. 119 W. Norwood. SI,OOO. B. H. Thompson, repairs, 525 Indiana, S3OO. Twenty-Second Street Realty Company, reroof. 2105 Yandes. S2OO. Stone. Stafford & Stone, reroof. 3742 E. Michigan. S2OO. F. Perkins, dwelling and garage. 1640 Kessler Blvd.. $3,500. F. Perkins, dwelling and garage. 1036 Gross. *1.150. J. M. Sawyer, filling station." Tenth and Temple. *3.800. „ S. R. Wells, garage. 4901 N. Illinois, **R.' Conkle. garage. 1934 W. Michigan. S2 J°E. Smith, garage. 21 Eastern. *2OO. A. Messgear. reroof. 615 Stevens. S3OO. Jesse Kuhn Lumber Company, boiler. 3< A 4 E ar Thomas. dwelling and garage. 6050 Broadway. $6,000. URGE MORE EDUCATION FOR STUDENTS OF LAW Bar Association Considers Two Years of College Requirement. By United Press SEATTLE, Wash., July 26.—Delegates to the American Bar Association’s convention here today will take up the question of a two-year collegiate requirement for students before they be permitted to enter law schools. Speakers Wednesday included F. B. Jewett, vice president of the American Telephone and Telegraph: Dr. John Finley of the New York Times; Dr. William Allen Pusey of Chicago; Dr. Ozora Davis of Chicago, and Chief Justice Hugh Kennedy of the Supreme Court of the Irish Free State. Justice Kennedy outlined the course of the struggle for Irish home rule. WEST COAST SWELTERS Enters Sixth Day of Excessive Heat; Death Toll Taken. By United Press PORTLAND, Ore., July 26.—The Pacific northwest today entered its sixth day of excessive heat confronted by a serious forest fire and with a death toll of at least three persons. The Dalles, Ore., in the midColumbia region of Oregon and Washington, sweltered Wednesday under anew record temperature of 115 degrees. Pendleton and Arlington, Ore., experienced 114 weather, while at Lewiston, Idaho, it was 113. High marks in Washington included maximums of 111.7 at Walla Walla, 109 at Pasco, 107.5 at Yakima, and 104.3 at Spokane. TRIES IRISH CHANNEL Mercedes Gleitze, London Stenog, Takes Off Early on Attempt. By United Press . _ DONAGHDEE, Ireland, July 26. Miss Mercedes Gleitze, a London stenographer, started at 2:50 a. m. today in an attempt to swim the Irish channel. Miss Gleitze once reported she successfully had swum the English channel, but on a second attempt failed. 2 NATIONS FOR HUGHES Receives 14th and 15th Nominations for World Court Judgeship. BJt United Press GENEVA, July 26.—Charles Evans Hughes received his fourteenth and fifteenth nominations for the vacant judgeship on the world court at the Hague when Peru and the Dominican Republic named him today as their first choice for the post. Peru named Elihu Root as second choice.

Ironic Safety Bu Times Special ANDERSON, Ind., July 25. Even a safety belt isn’t always safe. Clifford Hilligoss, city employe, was wearing one while moving a roll of wire. The belt pushed against a rib, causing a fracture.

be served and the evening spent in dancing and visiting the various concessions. Judgment of approximately $90,000 has been awarded Frank H. Williams, employe of Emerson W. Chaille & Cos., by a master in chancery in Federal Court at Danville, 111., acording to information received here. The suit, pending for five years, involved estates of relatives including title to almost 1,000 acres of land in Benton and Pulaski Counties, Indiana. An appeal is anticipated, Williams said. David Ten Eyck, 39, of 470 S. Meridian St., suffered a severe scalp wound Wednesday night when he struck his head against a furnace door at the E. C. Atkins Saw Works. He was taken to the city hospital, where the injury was dressed and later removed to his home. Charles Johnson, 2015 N. La Salle St., arrested by police here as a fugitive from justice, will be returned to Brazil, Ind., where he was fined SBO and costs for driving while intoxicated. After being permitted to come home to get the money he failed to return to that city, according to authorities there. A playlet, “The Good Citizen,” was presented by children attending the Christian Park playground, on English Ave., at the playground Wednesday evening under direction of Mrs. Ida Schneider, playground matron. Musical numbers and recitations by the children were added features. Miss Wieneta Williams, 18, of 644 Blackford St., is in city hospital today recovering from poison taken Wednesday at her home. BOARD (RANTS RAIL LINE PLEA Gives Coal Firm Permission for Pike County Road. Bu Times Special WASHINGTON, July 26.—The Interstate Commerce Commission today announced it had granted the application of Indiana capitalists to build the proposed Algers, Winslow and Western Railroad in Pike County, Ind. The road is to be built by officials of the Patoka Coal Company, a Goodrich interest. P. F. Goodrich is president of the railroad company, and J. B. Goodrich is secretary and treasurer. Former Governor J. P. Goodrich represented the applicants at commission hearings. The commission’s consent to the road is hedged about by restrictions. The railroad builders must within thirty days from the granting of the oroer tender an option to the Southern Railroad and the Evansville, Indianapolis and Terre Haute for joint control of the new line. The order takes effect until the railroad company has submitted to further inquiry by the commission to ascertain the estimated cost of the line and to determine the reasonableness of the price to be paid by the applicant for the property of th? Patoka Coal Company. The commission said it granted the petition only because the territory to be traversed is underlaid with coal which may be mined economically by the strip method, and that lt doubted the utility of the road as a general carrier. WOMAN DOESN’T PAY Hubby, Though Penniless, Can’t Ask Support by Wife, Says Judge. By United Press NEW YORK, July 26.—A husband, even though penniless, assumes responsibility for support of his wife and he cannot legally ask support or counsel fees from her, Justice Byrne ruled when Charles Sherwin, who is being sued for annulment by his wife, asked the court to award him $5,000 counsel fees.

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

Special EXCURSION ROUND-TRIP FARES Special week-end round trip fares good every Saturday and Sunday—round trip between Indianapolis and Union Traction point for the regular one-way fare plus 10 cents. Minimum, 50 cents. Special Rates on Indiana Service Corp. Lines Bound trip between Indianapolis and Ft. Wayne, Lima. 0.. Huntington, Lafayette, Kendallvllle, Auburn and all points on the Indiana Service Corp. lines for the one-way fare plus ten cents. On sale all day Saturday and Sunday. Good returning until the last car <.n Sunday. Special to Northern Indiana Lake Resorts Only $3.00 for the round trip between Indianapolis and Akron, Warsaw, Leesburg, Milford, or Milford Junction. Good going on Friday, Saturday and Sunday. Good returning until the last cars on Sunday. First car leaves at 4:45 A. M. on week days and at 7:00 A. M. on Sundays. Fast through service with direct connection at Peru. Regular round trip fare between Indianapolis and Akron. Warsaw, Winona Ldke, Leesburg, Milford and Milford Junction for one and one-half times the one-way fare. Good until October Ist. Special Great Lakes Tours arranged by Union Traction and connecting electric railways. Phone RI ley 4501 for full information. UNION TRACTION

BUMPER POTATO CROP REPORTED Low Price to Mean Loss of Millions. By Times Special WASHINGTON. July 26. A bumper potato crop in the southeastern States—particularly Maryland, Virginia and North Caro-lina-has precipitated an acute “farm relief” problem, it was learned at the Agriculture Department today. Dur ng the next month, according to the Agriculture Department, the farmers of the southeastern States are faced with the almost certain prospect of selling about 10,000 carloads of potatoes at less than it cost to produce them. At present the selling price at shipping points ranges from $1.15 to $1.25 per 160-pound barrel, and the average cost of production, according to Agriculture Department studies ranges around $2 a barrel. There is slight prospect that the price will increase enough during the marketing season to prevent the growers losing many millions of dollars on the season’s activities. The trouble, according to the Agriculture Department, is that the farmers in the southeastern States produced too many potatoes. They are of a type that cannot be successfully stored, even if the farmers had storage facilities, and the farmers are faced with the alternative of dumping them on the market at what they will bring or letting them rot. GRAND JURY INDICTS 14 PERSONS NOW IN JAIL Returns True Bills in Special Report to Aid in Clearing Docket. Fourteen indictments on cases the defendants of which are in jail were returned today in a special report of the county grand jury in line with the State’s efforts to clear the Criminal Court docket and jail before the end of the week. A special arraignment today for defendant indicted Wednesday was held by Criminal Judge James A. Collins, and another is set for Friday for those indicted today. “Those in jail awaiting trial or grand jury action, where possible, will be given trials before August vacations,” Collins said. This does not apply to murder cases, and others requiring juries. Those indicted today were for burglary, robbery, and others arrested in the police war on banditry and outlawry. The special work of the court is a part of a general drive on crime as deterrent, following the slaying by bandits last week of Motor Policeman Paul Miller. EASTERN _ STAff BREACH LOOMS OVER ELECTION State Delegates Oppose National Body in Seeking Offices. Bv United Press DENVER. Colo., July 26.—With at least twelve State delegations seeking election of favorite daughters, the triennial convention of the Order of Eastern Star enttred its final business sessions here today. Changes in the ritual of the order have been adopted after much controversy, Mrs. Emma P. Chadwick, Seattle, Wash., grand matron announced. The ritualistic changes were passed upon at secret sessions. A further split between State delegations and the National body seemed imminent today as the many State delegations sought election of their candidates to the two vacancies to be filled. Blast on Ship Injures Six By United Press MALTA, July 26.—Two officers of the Scottish steamship Araean and four longshoremen were injured today when an explosion and fire occurred here in a cargo of Polish coal the vessel was taking from Dantzig to Venice.