Indianapolis Times, Volume 40, Number 57, Indianapolis, Marion County, 27 July 1928 — Page 25

JULY 27, 1928

PRICES ADVANCE WITH RENEWED CONFIDENT TONE Brokerage Loan Decrease and New York Rate Satisfactory.

Average Stock Prices

Average of twenty industrials Thursday was 212.65. off .39. Average of twenty rails was 137.58. up .08. Average of forty bonds was 05.82. off .22. By United Frees NEW York, July 27.—A decrease of $10,496,000 in brokers’ loans at this center announced after the close Thursday and retention of the 5 per cent rediscount rate by the New York Federal Reserve Bank gave renewed confidence to stock market operations in the early dealings today and prices generally moved higher, featured by activity in General Motors and further gains in United States Steel common. Steel opened at 141 3 /, up % and held around the price. General Motors had a split opening, 3,000 shares 190 to 190%, up 1% to 1%, later advancing to 191%. Bethlehem Steel sold off % to 56% on the publication of its satisfactory statement for the first six months. Rubber issues held steady, while oils were firm on the recent advance in gasoline and crude oil . prices. Many 1-Point Gains Chrysler moved up 1% to 75 "g, while gains of a point or more were made by Eastman Kodak, American Can, Brunswick-Balke, Warner rothers Pictures A, Murray, corporation and Radio. Lima Locomotive declined to a new low for the year at 41% off 3% on further selling due to the passing of the dividend due at this time. Madison Square Garden Corporation sagged nearly a point to 23% following publication of a large deficit sustained at last night’s championship fight. Describing the market, the Wall Street Journal’s financial review today said: “Stocks were strong in early dealings under the influence of bull ish sentiment created by the maintenance of the 5 per cent New York bank rate and the reduction in brokers’ loans during the week ended July 25. As this decrease was accomplished in a period of rising stock prices, it was interpreted to mean that further progress had been made toward clearing up the congestion in the bond market. “This improvement in the credit situation stimulated brisk advances in the principal industrials.” Stocks Active, Higher Prices advanced 1 to 5 points in the morning in more active turnover. Radio became prominent on the upside, rising to 175%, up 5% points and around noon was at 174%. General Motors shot up 3% to 192%, anew high on the present movement while United States Steel got to 142, a gain of more than a point. Substantial gains were scored by Atlantic Refining, American Smelting, American Can, Certainteed, and a long list of others. Eastman Kodak was a distinct feature of the higher priced industrials rising 5 7 / 8 points to anew high at 190%. Wright Aero soared 6 points to 158.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were, $2,744,000. Debits were $6,088,000. NEW YORK STATEMENT pp United Press NEW YORK, July 27—Bank clearings today were $,026,000,000. Clearing house balance was, $23,000,000. Federal Reserve Bank credit balance was, $88,000,000. TREASURY STATEMENT WASHINGTON, July 27.—'The treasury net balance for July 25, was $136,824,622.40. Customs receipts this month to July 25, were $35,451,903.21. LIBERTY BONDS Bjj United Press NEW YORK. July 27—Liberty fourth 4%s opened 100.25, unchanged; treasury 4s 106.2. off 13-32; Treasury 3%S of 1943, £8.24, up 3-32. FOREIGN EXCHANGE ,BJJ United Press NEW YORK. July 27—Foreign exchange opened higher. Demand sterling, $4.85%, up .OO'/sc; francs, 3.91 5-16 c; lira, 5.2314 c; belga, 13.91 c, off .0014 c; marks. 23.87 c, up .00 'he. PLAN 13-MILE PAVING PROJECT ON U. S. RD. 24 Thirteen miles will be added to U. S. Rd. 24, extending it from Ft. Wayne to the Ohio line, Director John D. Williams of the State highway department announced today following an inspection tour of that section of the State and a meeting of the highway commissioners at Ft. Wayne. He also announced that Allen bounty will be asked to extend the right-of-way on the Ft. Wayne-New Haven Rd., from the present width jf 16 feet to 60 feet. A 30-foot paving project is planned. The War Department has approved, without hearing, the Illinois-Indiana bridge plr is for the concrete arch bridge to be erected jver the Wabash at Vincimies, Ind., he reported. Building Permtis G. M. Clegg, dwelling and garage. 5115 E. Eleventh, $4,650. G. M. Clegg, dwelling and garage, 1129 N. Leland $5,750. , G Macy. dwelling and garage. 935 Morland. $2,750. F. Stevens, dwelling and garage. 3645 9V. Twelfth. $2,750. J. Doty, dwelling and garage 1135 Exeter. 12.750. E. G. Bauer Sc Son, storeroom. 3921 E. Tenth. $3,500. C. E. Mock, dwelling and garage. 44 Brookville. $5,850. H. L. Dithmer, Ailing station. Tenth and Emerson. $1,500. M. O'Connor, remodel. 4210 Ruckle *B.OOO. L. M. Binkley, garage. 1201 S. Keystone 1300. H. Yorker, dwelling. 1621 Kessler. $5,000. G. D. Dennison, remodel. £34 N. Keystone $250. r Tempest Product Company, warehouse. 1735 Ludlow. $3,000. B. W. Cook, garage. 2330 Stuart. S3OO. E. H. Bartron. garage. 40 Llnwood. S2OO. M. O'Brien, garage. 442 N. Forest. $240. J. F. Walker, dwelling. 129 S. Sheridan. $1,500. A. Bavnham, apartment. Twenty-Eighth eSd Meridian. $350,000. j. F. Walker, dwelling. 3122 Meredith. 2 fV Walker, dwelling. 3136 Meredith, $2,500.

New York Stocks ' (By Thomson & McKinnon)

—July 27Railroads— Prev. High. LOW. 12 m. close. Atchison 187'% ... 187 Vs 189% Atl Least Lille. 167 Va ... 167 */ 2 167 Balt & 0hi0... 1057, 105% 105% 105V4 Canadian Pac... 207% 206% 207% 206% Chesa & Ohio 181% Chi & Alton ... lot's... 10% 10% Chi & N West.. 80% ... 80>% 80% Chi Grt West.. 13% 13% 13% 14 C R I & P ... 117% 116% 116% 116 Del & Hudson 189 Del & Lacka 131% Erie 54% 53'% 64% 53% Erie Ist pid ... 56% 55 56 54% Grt Nor pfd 96'% 111 Central 140% Lehigh Valley 98 Kan City South 47 % Lou & Nash • ... 140% MK&T 36% ... 36% 36 Mo Pac pfd 114% N Y Central.... 162% 162 162% 162 N Y C & St L 124%, NY NH & H ... 57% 57 57% 57 Nor Pacific 95 ... 94% 94% Norfolk & West 175% Pere Marquette 128 Pensylvania ... 64% 64'% 64% 64% P & W Va 143'% 142 143 140'% Reading 991% ... 99'% 100 Southern Ry ..147 ... 146% 146% Southern Pac. 119% ... 119% 118% St Paul 36% 35% 33 35% St Paul pfd 43 47% 48 48 St L & S W 87 St L & S F ...113 112% 113 112% Texas & Pac 176% 176'% 178% 176% Union Pacific... 194 ... 194 194% West Maryland. 39% ... 39'% 39*% Wabash 74 |73% 74 73'% Wabash pfd 93 Rubbers— Ajax 8% ... 8% B'% Fisk 11% ... 11% 11% Goodrich 77 76% 77 77 >% Goodyear 52% 52 52% 52 Keliy-Spgfld .. 20% 20% 20% 20% Lee 19'% United States... 32% 31% 32 32 Equipments— Am Car & Fdy. 91 % ... 91% 9}% Am Locomotive. 93% ... 93% 93% Am Steel Fd... 53% 53'% 53% 53% Am B Shoe 41 ... 41 41% •General E’.ec ..150 148'% 149'% 148% Gen Ry Signal. 100% 99% 100 100 Lima Loco 42 ... 40'% 45 N Y Air Brake 42 Pressed Stl Car. 21 ... 21 Westingh Air B. 46% 46 46 45% Westlngh Elec .. 96% 95% 96 95% Steels— Bethlehem 57 56% 57 57 Colorado Fuel ..64 ... 64 63% Crucible 71% Gulf States Stl.. 64% 64 64% 63 Inland Steel 55 Phil R C & I ... .. 28% Ren Iron & Stl. 56 ... 56 56 Otis Steel 23 Vi 22% 23 23 U S steel 142 141% 142 140% Alloy 33% ... 33% 33 Youngstwn Stl 89% Vanadium Corn 75% 75 75% 74% Motors— Am Bosch Mag.. 31 ... 31 30% Chandler 15’% ... 15% 15% Chrysler Corp .. 76 75% 76 74% Conti Motors .. 11% 11% 11% 11% Dodge Bros 15 14% 15 14% Gabriel Snbbrs.. 19% ... 19% 19% Genera! Motors .192% 190 192 188 s ,b Hudson 81% 80'% 81 80 Hupp 56% 56Vi 56'% 55% Jordan 11% Mack Trucks .. 61% 91% 91% 91 Martin-Parrv 17% Moon 6% Paige 32% 32 32% 31% Nash V% 82% 83 82% Packard 73% 72% 73 72% Peerless 16'% ... . 16% 16% Pierce Arrow ... 11 ... 11 10% Studebaker Cor. 71% 70% 71 70 Stew Warner ... 92% ... 92% 92 Stromberg Cart 50'% Timken Bear 122% Willvs-Overland 20% 20 20'% 20% Yellow Coach ... 31 % ... 31% 31 White. Motor ... 36% ... 36% 36% Am ti Smlt’&: Rfg.2o2'% 200'% 202'% 199% Anaconda Cop .. 67'% 66% 67% 67 Calumet & Arlz. 96% 95% Cerro de Pasco. 75 7 % ... 75% 75% Chile Copper ... ... , 44 VI Greene Can C0p.103 101% 101% 100'% Inspiration Cop.. 22'% 22 22% ... Int Nickel 94'% 93% 94% 92% Kennecott Cop .. 94 7 % 94'% 64% 94 Magma Cop 50% . . 50% ... Texas Gulf Sul. 70 7 % 70% 70% 70 U S Smelt <7 Atlantic Rfg ....147% 147% 147 147% Freeport-Texas. 61V* 61% 61% el Houston Oil ....131 130'% 131 131 Indp Oil & Gas.. 24 ... 24 24% Marland Oil • ij? '• Mid-Cont Petrol. 29% 29 29 29 Lago Oil & Tr ••• 32 Pan-Am Pet B. .. 43% 43 43% 42% Phillips Petrol .. 38% 38% 38% 38 Pro & Rfgrs 24% ... 24% 25 Union of Cal .. 50% ... 50% SI A Pure Oil 20 ... ... 22% Richfield 46 ... 45% 45% Royal Dutch • • JJ,. Shell 26% ... 28% 28% Simms Petrol 21 Sinclair Oil 25% 25 25% 25% Skelly Oil 30% ... 30'% 30% Std Oil Cal 57'% 57% 57'% 57% Std Oil N J 44 43% 44 43% Std Oil N Y .... 34% 34 34% 34 Texas Corp 60'% ... 59% 59V* Transcontl 7% 7% 7% 7% Industrials Adv Rumely 11% Allis Chalmers 125 Allied Chemical. 178 177 178 175% Armour A .... 18% ... 18% 18% Amer Can 90% 89% 90% 18% Am H L pfd 43'% Am Linseed 109% Am Safety Raz 63 Vi Am Ice 41% 41 41% 41 Am Wool 14% ... 14% 15 Coca Cola 161% 161 161% 160% Conti Can 101% 101 101% 101 Congoleum 23'% 23 23 23% Curtis 15% 103'% 105% 102% Davison Chem .. 53% ... 53% 53% Dupont 375% 375% 375% 373% Famous Players. .134% 133% 134% 133'% Oen Asphalt .... 73% 79% 73'% 73 Int BUS Mch 123% Int Cm Engr ... 59% ... 58% 58% Int Paoer 70 ... 70 70% Int Harvester 268 Lambert 107% 107 107% 108 Loews 54% 54% 54% 54% Kelvlnator 10 ... 9% 10 Montgom Ward.. 171% 171 171% 169 7 % Natl C R 67% 67% 67'% 67 Pittsburgh Coal. 47 ... 47 47 Owens Bottle 77% Radio Corp 172% 170'% 172 169% Real Silk 32% 29'% .31% 30% Rem Rand 29% ... 29% 29% Sears Roebuck . .117% ... 117 116% Union Carbide ..159'/. 158 159 157% Univ Pipe 20% 19% 20% 47% U S Cs Ir Pipe. .. ... ... 239 U S Leather 46% 46% 46% 47'% U S Indus Alco. .110& 110 110% 110 Wright 158 152% 157 152 Woolworth C0...182% ... 182'% 181% Utilities— Am Tel & Tel. .174% ... 174% 174'% Am Express 191% ... 119% 188 Am Wat Wks 57% Brklvn-Manh T. 64% ... 64% 64% Col G & E 111% 111% 111% 11 HA Consol Gas 145% Elec Pow & Lt.. 35'% 35 35 35'% Interboro 38% Nor Am Cos 72% 72% 72% 72% Nat Power 33% ... 33'% 33% Pub Serv N J.. 55% 55% 55% 54% So Calif Ed 47% ... 47'% 47% Std Gas MEI 64% ... 64% 64% Utilities Power .. 38% ... 38% 37% West Union Tel 144% 144 144 144 Shinning— Am Inti Corp.... 97% 96% 97% 96 Am Shin & Com 4% Atl Gulf & W I 49% Inti Mer M pfd 36'4 United Fruit ..137 ... 137 135 Foods— Am Sug Rfg.. 70% Am Beet Sugar. 20% 20'% 20% 20% Austin Nichols .. 4% ... 4% 4% Beechnut Pkg 73% California Pkg 71 Corn Products. 76% 75% 76 74% Cuba Cane S'i p 19% ... 19% 20 Cuban Am Sug 18'% ... 18'% 18% Fleischmann Cos 70% 69% 70% 68% Jewel Tea 103 Jones Bros Tea 27% Natl Biscuit ....163% ... 163% 163 Natl Dairy 81% 81 81% 80 Postum Cos 64 63% 64 63% Ward Baling B. 18% ... 18% 18 Tobaccos— Am Sumatra 62% Am Tobacco 162 Am Tob (B) 163'% ... 163 163 Con Cigars 88 General Cigar .. 62 Llg & Myers... 89% ... 89% 89% Lorillard 30% ... 30'4 29% R.l Reynolds .. .139% ... 134% 134% Tob Prod (B> . . 98% ... 98 98% United Cigar St. 24 ... 24 24 Schulte Ret Strs 58% 55 56 65%

In the Stock Market

(By Thomson Sc McKinnon) NEW YORK, July 27.—The subjects which have been part of the traders’ daily diet recently, loans, gold reserve, interest rates, rediscount rates, will soon be left to the theorist. The trader, the inventor, the business man will look to the daily business reports and will find much to interest him and to make him more cheerful, especially in these mid-summer days. This morning he will feel more cheerful in reading about advancing prices in oil. Think what these word - ; mean to the great industry and to the millions that are interested in it. Then here are the reports which we are getting daily from individual industrial companies that look very good. We can begin to see why i J is that twenty million people, more qr | less, who are said to be owners of our securities are not running over each other in the haste in liquidate.

HOG PRICES ARE MOSTLY STEADY AT STOCKYARDS One Load of Choice Material Brings $11.65; Others Steady. July 20. 10.25011.40 11.40 7,500 21. [email protected] 11.25 3.000 23. 10.50011.40 11.50 4,000 24. 10.50011.40 11.40 6.000 25. 10.754111.60 11.65 6.500 26. 10.75fm.60 11.60 7.000 27. 10.65fa11.60 11.65 6.500 Hogs were generally steady at the local stockyards today with 6,500 animals received and 890 held over. The top price was $11.65 paid for one load of select material. The bulk of 170-275 pound weights brought [email protected], while 275-300 pounders went at $11.25® 11-40. Cattle were strong, vealers steady and sheep and lambs steady to weak, the lower grade lambs falling off, in other divisions on the market. Chicago porkers were steady, with Thursday’s average in a slow market. A few sales of choice 170-230-pound animals were around $11.40® 11.55. There were 17,000 hogs on hand. The range in the bog market was wider, the ton holding steady. Heavy butchers, 250-300 pounds, sold for sll @11.50, unchanged, and material weighing 200-250 pounds, brought, $11.50® 11.65, 5 cents higher on the top; animals weighting 160-200 pounds were off 10 cents on the low end of the range, selling at $11.40® 11.60; while light light, 130160 pounds, were $10.65@ 11.25, off 10 cents .m the bottom. Pigs were 25 cents lewer on the top at $8.50® 10.25, and packing sows were unchanged at $8.50® 10.50. Beef steers were higher in the cattle division, selling at sl4® 16. The rest of the market was unchanged, quotations ranging as follows: Beef cows, $8.25 @10.75; low cutter cows. $5.25@7, and bulk stock and feeder steers, sß® 12. There were 800 received. Best vealers were unchanged, selling at sl4® 15, as were heavy calves at s7@ll. Receipts were 600. Sheep and lambs sold in a steady market with the top at $14.50. Bulk fat lambs were sl4 @14.25; bulk culls, [email protected], and fat ewes, $4.50 @6.50. Receipts numbered 900. —Ho** — market, steady. 'ik B .' sll.oo® 11.30 lbS n.504i11.63 90°) 30° lhc ß 10 654'/. 11.23 90-130 lbs 8.50®10.25 Packing sows 9.50 0 10.50 —Cattle— Receipts 800; market, steady to strong Beef steers $14.004/16.00 Beef cows ... 8.25® 10.75 Low cutters and cutter cows.. 5.25 (Hi 7.00 Bulk stock and feeder steers.. 8.00012.00 —Calves— Receipts. 600; market, steady. Best vealers $14.00® 15.00 Heavy calves [email protected] —Sheep— Receipts, 900; market, steady. Top fat lambs $14.50 fat lambs 14.004$ 14.25 Bulk cull lambs [email protected] Fat ewes 4.50 fa 6.50 Other Livestock FT. WAYNE. Ind.. July 27.—Hogs—Receplts. 300; market, steady; 00-110 lbs. $9: 110-130 lbs., $10: 130-140 lbs., $10.50: 140-150 lbs.. $10.75: 150-160 lbs.. sll- 160170 lbs.. $11.25; 170-250 lbs.. $11.35: 250300 lbs., $11.50: 300-350 lbs.. $11: roughs, $947.9.25; stags. $6..50fa7. Cattle—Receipts, 100. Calf—Receipts. 75: market. sls down.

Produce Markets

Butter (wlidesale price) No. 1. 47048 c; No. 2. 45@46c lb. Butterfat ibuying price!—4s@4Bc lb. Cheese (wholesale selling prices, per poundi—American loal. 34c: pimento loaf. 33c: Wisconsin flat. 39c; prime cream. 250 27c; flat daisy 26027 c; Longhorn. 250 27c: New York ilmberger 32c. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off, 25c doz. Poultry (buying prices!—Hens, 20021 c: Leghorn hens. 14015 c: 1928 spring, large breed 2 lbs. and up, 2£c: 1%@1% lbs.. 24023 c; Leghorns, SUO2lc; old roosters, large, 11® 12c; small. 10c: ducks. 10c; geese, 8c; guineas, young, 50c; old. 35C.j Bu United Press CLEVELAND. July 27.—Butter extras in tub lots 46%(@48%c; extra firsts. 43% @ 45%c. Eggs—Extras. 36c; extra firsts. 34%c; firsts, 30c: ordinary. 27'/ac. Poultry— Heavy broilers. 35037 c; Leghorns. 23®25c; heavy fowls. 25 026 c; medium. 25026 c; Leghorns. 18 0 20c; ducks. 18®20c; geese. 15@17c; old cocks. 16@17c. Potatoes—U. S. No. 1 cloth top. stave barrels Virginia. $1.85®2.

Indianapolis Stocks

—July 27Bid. Ask. Amer Central Life 650 Belt RR & Yds com 67% 70 Belt R R & 8 Yd pfd 59 62 Central Ind Power Cos pfd.... 97Vi 101% Circle Theater Cos com 102% ... Cities Service Cos com 65% 68% Cities Service Cos pfd .......100 109 Citizens Gas Cos com 56% 57% Citizens Gas Cos pfd 102 '/a 104% Commonwealth Loan Cos pfd..100% 110 Equitable Securities Cos com...* Hook Drug Cos com 31% 38 Indiana Hotel Cos com 125 Indiana Hotel Cos pfd 100 110 Indiana Service Corn pfd .... 90 95 Indianapolis Gas Cos com 59% ... Indpls Sc Northwestern pfd... 14% ... Indpls P & L 6 '/as pfd 104 105 Indpls P & L 7s 98 100 Indpls Pub Wei Ln Assn .... 47% ... Indpls St Ry Cos pfd 34 36 Interstate P S C prior lien.... 104% 108 Interstate P S C 6s pfd 93 99 Merchants Pu Util Cos pfd ...101 Metro Loan Cos 8s 100 105 North Ind Pub Serv Cos 65.... 100 103 Northern Ind Pub S Cos 75.... 109 117 Progress Laundry Cos com 31*% 39% E. Rauh Sc Sonus Fert Cos pfd.so Real Silk Hos Cos pfd Standard OH of Indiana 75 T H I Sc E Trac Cos com 1 T H Trac Sc Lt Cos pfd 93 101 Union Trac Cos com % Union Trac Cos Ist pfd 1 Union Trac Cos 2nd pfd % Union Title Cos com 80 Van Camp Pack Cos pfd 11 Van Camp Prod Ist pfd .... 96 101 Van Camp Prod 2d pfd 90 97 •Ex-dividend. —Bonds— Belt R R Sc Stk Yrds 4s 89 Broad Ripple Trac Cos 55.... 80 Central Ind Gas Cos 5s 98% ... Central Ind Power Cos 6s 102 Chi S B Sc N Ind 18 Citizens Gas Cos 5s 103 Citizens St R R 5s 83 88 Gary St Ry 5s 84 Home TScT of Ft. Wayne 6s. .103 ' ... Indiana Hotel Cos 5s 101 hid Northern Trac Cos 55... 5 Ind Ry & Lt Cos 5s 98 Ind Service Corp 5s 93 Indpls Power and Lt Cos 55... 98 101 Indpls Sc Martins Trac Cos 55.. 30 Ind Union Trac Cos, 5s Indpls Col Sc So Trac 6s 99 103 Indpls Gas Cos 5s 101 104 Indpls Sc Northw Trac Cos 55.. 8% 13*/a Indpls Sc Northw Trac Cos 55.. 30 Indpls Nor Trac 5s 30 Indpls St Ry 4s 65 67 Indpls Trac Sc Term Cos 5s .. 93% 94 ',4 Indpls Union Ry 5s 100 Indpls Water Cos 5s 102 105 Indpls Water Cos Ist 5s ..... 95 Indpls Water Cos 4'/2S 95 93 Water Wonts Sec 5s 96 99 % Interstate Pub S Cos 4%s 88 Interstate Pub S Cos 8s 96 Interstate Pub S Cos 6'/2S 101 N Ind Pub Ser 5s 99% ... T H I Sc E Trac Cos 5s 70 T H I Sc E Trac Cos 55...... 74 Union Trac of Ind Cos 6s 11% 14% Liberty Bonds Liberty Loan, Ist 3%s 99.14 99.44 Liberty Loan, Ist 4V4S .... 100.28 100.50 Liberty Loan, 3d 4%s 99.90 100.10 Liberty Loan 4th 4%s 100.62 100.82 U S Trees., 4%s i 111.22 111.44 U S Treas., 4s 106.10 106.30 U S Treas.. 3%S 103.92 104.12 U S Treas., 3%s 98.50 98.70 SI,OOO Citizens St R R 5s 84 SI,OOO Citizens St R R 5s 83%

THE INDIANAPOLIS TIMES

Commission Row

PRICE TO RETAILERS FRUITS Apples—New fancy Transparents. $2.25® 2.50 basket; fancy barrel apples, seasonable varieties, $6.50; new fane* basket apples. seasonable varieties, $2.25 crate. 40 lbs.; Winesaps. choice box apples, seasonable varieties. $2.75. Apricots—s3.7s crate. Blackberries—s3.7s 24-qt. crate. Cataloupes—Arkansas. $2.75 crate. Cherries—California. $3. 16-at. 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. Huckleberles—Georgia. $7.50. 24-pt. crate. Lemons—California, $8.50®9.25, crate. Limes—Jamaica, $2.75. 100 lbs. Melons—Honey Dew. California, $5.25. Oranges—California Valencias, $7,750 9.75 crate. Peaches—Southern, $5 crate. Pears—Bartletts. [email protected]. Plums—California. $1.75472.50 crate. Raspberries—Black. $3.50. crate: red, $4.50 crate. Watermelons—Florida, $1 each down. VEGETABLES Asparagus—Green. 80c 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, 25040 c doz.; Texas, crystal wax. [email protected] crate. Parsley—Home grown. 50c 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- $3.50 bbl. Turnips—New. $1 iu. MISCUa IANEGUS Cider—s4.so 6-gal. case: $4.75 doz.. %-

STEEL EARNINOS ALMOSTDOUBLE Bethlehem Company Common Stock Earns $1:57. BV United Frets NEW YORK. July 27.—Bethlehem Steel Corporation, in the second quarter of this year, earned $1.57 a share on common stock, compared witty 84 cents a share in the preceding quarter, the company reported today. The regular dividend of $1.75 was declared on preferred stock, payable Oct. 1 to stockholders of record Sept. 1. No action was taken on common stock dividends. Net income for the quarter ended June 30, amounted to $4,529,328, after interest, federal taxes, depreciation and depletion, against $5,048,680 in the second quarter of 1927. For the six months ended June 30, earnings were equal to $2.51 a share on common, against $4.04 a share in the first half of 1927. Unfilled orders June 30, totalled $51,761,908 against $61,393,488 on March 31. 1928, and $48,655,757 on June 30, 1927. In the six months ended June 30, net income was $7,914,046, after the above charges, against $10,666,718 in the first half of 1927. “Operations averaged 82.5 per cent of capacity during the second quarter,” says the company’s report, “against 79.5 per cent during the previous quarter and 75.6 per cent during the second quarter of 1927.”

In the Cotton Market

(By Thomson & McKinnon! NEW YORK. July 27.—We had the kind of rally Thursday that traders like, not very hard to forecast and a big strong demand at the close which took all the profit-taking without giving ground. 801 l weevil” is the battle cry now, but we would not follow the advance more than 20 or 25 points more. B.U United Press NEW YORK. July 27.—Cotton futures opened higher. October, 21.09, up .04; December, 20.83. up .07; January. 20.79. up .09; March. 20.72, up .08; May. 20.60, up .06.

Local Wagon Wheat

Local grain elevators are paying $1,27 for No. 2 red wheat and sl.ll for No. 2 hard wheat. Other grades are purchased on their merits. NINE ARE SENTENCED Given Jail Terms on Liquor Violation Charges. Nine Negroes were sentenced to thirty days in jail and fined SIOO each for violating the liquor law today in Criminal Court, at arraignment of those caught in a joint cleanup last week by police and Federal officers. The cases were brought into State courts because Federal Court is not in session. Others were to come up later today. These were tried and found guilty and given the thirty-day SIOO fine punishment: Mrs. Frank Bethune, 617% Indiana Ave.; Eva Mallery, 1130 E. Thirteenth St.; Prudie Moore, 1674 Northeastern Ave.; Mrs. Joe Hopkins, 307 N. Senate Ave.; Finnus Wagner, 1210 E. Fifteenth St.; Winnie Banks, 628 Indiana Ave.; and Edward Early, 1426 Yandes St., and Leola Smith, 2514 Shriver St. Calvin Thomas, 621 Edgemont Ave., pleaded guilty tence. Judfge Collins suspended the jail sentences of Miss Moore and Miss Winnie Banks, due to the physical condition of both. The former is ill, the latter a hunchback. The State dismissed two charges against Virgil B. Bradley, 930 W. Twelth St. STATE BUILDING” LAGS June Total 5 Per Cent Less Than Year Ago. Contracts for new construction work in Indiana let during June Totaled $15,466,000, 3 per cent greater than in May, but 5 per cent under June a year ago, according to the F. W- Dodge Corporation. Residential builidngs were accountable for $4,528,600 of the June permits; $3,898,800 for public works anti utilities; $2,118,000 for industrial projects; $1,556,100 for commercial buldings, and $1,552,000 for educational projects. Contracts_ for the last six months reached $70*522.500, according to the Dodge compilations. ,

CHICAGO WHEAT DOWN ON WEAK LIVERPOOL PITS Corn Irregular With July Deliveries Making Advances. By United Press CHICAGO. July 27.—Failure of Liverpool to follow Thursday’s advance here sent wheat lower today on the Board of Trade. .Corn was rregular, with July again making a good advance. Oats lost a fraction. Wheat opened % to *ll cent off, corn ranged from !4 cent off to % cent off and oats was down % cent In all deliveries. Provisions were about unchanged,, Wheat traders are watching the heat wave in the Pacific Northwest. If lt moves eastward the possibility of rust damage will be increased in Canada and in the northern part of the belt. The Government grain futures administration is investigating the unusual situation in July corn, which has been holding an unprecedented premium over September. Scarcity of old corn may affect the value of oats as a feed grain. Chicago Grain Table j WHEAT— ~ Jlll y 2 '~ p rfv . , Hjgh. 12:00 close. July... 1.21 1.20% 1.20*4 1.21'/* September .. 1.24 1.22% 1.22% 124% D corn— 128 1,26 ■ 1 S6 ’ 1.28 July 1.11% 1.09% 1.10% 1.09% September .. .98% .95% .97% .96% December .. .79% .78% .79 .78% July 47 .46% .46% .46% September .. .40% .40% .40% .4/ D RYE^ r " ' 43 ’* 43 • 43y ' 44 July 100 ... .99'4 1.00 September .. 1.02% 1.01% 1.02'/- 102% December .. 1.04% 1.04 1.04% 1.04% LARD— July 12.35 13.35 .... September .. 12.50 12.50 .... October ... 12.67 12.65 12.67 .... RIBS— July 14 07 September 14.07 Bu Times Special CHICAGO. July 27.—Carlots: Wheat, 134: corn. 417; oats. 68. rye, 1; barley. 4. SUGAR OPENING Bu United Press , NEW YORK. July 27 —Sugar futures opened higher. September 2.27. unchanged: December 2.40. unchanged; March 2.43. up .01; May 2.52, up .03; July 2.59, up .03. HEAT m SINKS Part Relief on Coast Aids in Fire Control. By United Press PORTLAND, Ore., July 27.—The heat wave under which the Pacific Northwest has sweltered for a week appeared to be receding today. Lower temperatures and higher humidity in general relieved the fire situation, permitting control of blazes sweeping through forests and grain fields. At Walla Walla, hundreds of men failed to control a fire which swept along an eighteen-mile front, burning 3,000 sacks of wheat in a warehouse and destroying 1,000 acres of ripe grain. Several hundred acres of wheat near Pendleton, Ore., burned. In Portland, a high mark of 94 degrees was attained, this being a moderation of five degrees. Lewiston, Idaho, had the record with 113.3 degrees. It was 111 at Walla Walla, Wash.; 110.5 at Yakima; 110 at Ellensburg, and 108 at Spokane.

SURGEONS TO GATHER Invited to Clinics Here at Riley Hospital. Famous surgeons from throughout the country are to be invited to James Whitcomb Riley Hospital for Children for a series of clinics and lectures in different branches cf orthopaedic surgery Hugh McK. Landon, chairman of the executive committee of the institution, announced today. The committee will finance the project and Dr. W. D. Gatch,,surgery professor at Indiana University Medical School and chief of the orthopaedics department at the hospital, will be in charge. Medical students and physicians from throughout the State will be invited to attend. Members of the committee are: Landon, secretary; James W. Carr, George A. Ball, Ira C. Batman, Arthur R. Baxter, Arthur V. Brown, William L. Bryan, James W. Fesler, Benjamin F. Long, Dr. Carleton B. McCulloch, Dr. Lafayette Page and P. C. Reilly. FIRMS INCOPRORATE Two new Indianapolis firms filed articles of incorporation with the Secretary of State today. The Norton Automobile Company, with capital stock of $25,000, has as incorporators George J. Marott, Arthur T. Brown, Ray C. Norton) Arthur G. Brown and Oral C. Stewart. The Indianapolis Discount Corporation, capital stock $50,000, wiU deal in bonds, notes artd other securities. Incorporators are Walter G. Olin, Robert D. Johnson and Harry R. Peters.

Nude ‘Corpse’ "Call the coroner!” This injunction at police headquarters this morning prefaced report of the finding of a different sort of “corpse" than usually sets Dr. Charles H. Keever’s telephone bell ringwere those of the coroner’s ing. The remains in this instance Buick sedan, stolen Thursday night from the garage back of his home, 5307 N. New Jersey St., and found this morning on Cold Spring Rd., northwest of the city. The car had been stripped of all tires but one and every accessory that could be torn off or unbolted.

The City in Brief

More than 300 members of the Indianapolis Sheet Metal and Warm Air Heating Contractors’ Association and their families attended a picnic at Longacre Thursday. Boy Scout Troop 21, which meets at Broadway M. ,E. Church, will hold a lawn fete at Fall Creek Blvd. and Park Ave. tonight. Harry SceleyTmof 161 E. Third St., Columbus, Ohio, was arrested on a vagrancy charge Thursday night when found in an automobile which had been reported stolen.

Inspects Sites

ri if

Recommendations on the best site for a municipal airport here will be sent to the Chamber of Commerce next week by A. P. Taliaferro, United States Department of Commerce airport expert, who inspected a number of sites Thursday,

REPORT FOUR BOMBINGS IN CHICAGO IN ONE DAY Family Thrown From Bed When Blast Rocks Store Below. Bu United Press CHICAGO, July 27.—Two more bombings occurred In Chicago Thursday night, bringing the total to four for the last twenty-four hours. Ben Wolfe and his wife and two children were hurled from their beds by a bomb placed at the front door of Wolfe’s dry goods store, over which the family lives. Wolfe said he thought trouble, a contractor who built the store had had with labor might be behind the bombing. A small bomb was exploded in the rear of the home of Carmela Ladola. It did but slight damage. Police are looking for a son-in-law who recently was ousted bodily from the Ladola home. Marriage Licenses Charles A. Stonen.be-g, 57, of 1853 Singleton Ave.. electrician and Nora I. Martin. 53. of 754 Grove, housekeeoer. Irving T. Hale. 30. Indianapolis, salesman. and Edna Grace Zemer, 25, of 5222 E. Washington St. Frank Borst. 25, of 222 N. Pershing, engineer. and Emma Tolcn, 19, of 047 S. West St. Sam Daberwitz, 48. of 351 Prospect St., merchant, and Berta Klien, 26. of 1860 S. East St. Norbert Carl Sack. 21. of 1520 S. East St., salesman, and Eva Mae Weiss, 23. of 1416 E. Ohio St., bookkeeper. Howard Peletiah Allyn. 26, of 1134 S. Sheffield, car repairer, and Ella Mae Neal. 18. same address. Births Bovs George and Agnes Bailey, 2017 Barth. Michael and Zelma Gardner. 1624 Lawton. . Robert and Linda Walker, 2026 Wootflawn. Girls Edward and Nora McGinnis, 261 N. Warman. Cornelius and Loretta Cronin. 1322 Tabor. Walter and Katherine Phillips. 856 Udell. Leo and Mvrtle Callahan. 972 Tibbs. Earl and Julia Hopson, 1819 Columbia. Elijah and Anna Reed. 328 Minerva. Russell and Nora Tolen. 1625 Brier PI. James and Esther Jone. 1027 W. Vermont. Nocholis and Lillian SChroeder, 239 S. Randolph. Harry and Dorothy Hershberger, 3921 Hoyt. Fredrick and Uretha Wright, 325 Cable. Wavne and Mildred Walker, Methodist Hospital. Maurice and Emma Mendenhall. Methodist Hospital. Deaths Fannie Mason, 47. 2351 Paris, carcinoma. John Mitchell Parker. 75, 440 W. Michigan. acute cardiac dilatation. Hannah Lynum, 60. Methodist Hospital, myocarditis. Wilhmina Ristow, 77. 1317 Spann, acute myocarditis. Mary E. Shelton, 1 month, city hospital, broncho pneumonia. Nancy Vestal, 72, 634 Division, cerebral hemorrhage. Wilhelmine Koehne, 87, 2325 N. Delaware, arteriosclerosis. Elizabeth Dark, 66, St. Vincent Hospital, hypostatic pneumonia. Julia A. Roll. 89. 1301 N. Alabama, carcinoma. Jasper Copeland, 53, city hospital, chronic fvocardltis. Ruth M. Baker, 36, 1333 S. Sheffield, puerperal sepsis. Carrie May Arnold 41. 401 Popular Rd.. parenchymatous nephritis. John Magee, 65, 1600 S. Dakota, acute myocarditis.

BACK HOME AGAIN

Stolen automobiles recovered by the police: H. R. Abell, 1115 Hoyt Ave., Chevrolet coupe, found- at 33 S. Senate Ave. Peter Serasim, 1209 N. Sheffield Ave., Ford, at Holton PI. and Canal. Cleve Smith, 1721 N. Alabama St., Oakland coach, found at Sixteenth St. and Garfield PI. Lincoln Hedrick, 1615 N. Dearborn St., Ford sedan, found at Vermont and Liberty St.

MONET TO LOAN —OH—MORTGAGES STATE LIFE Insurance Cos. 123A STATE LIFE BLDG.

Lincoln Hedrick, 1615 N. Dearborn St., was the , owner of the automobile. The car was found at Vermont and Liberty Sts. A Negro tried to trick his way into the Tripp Warehouse, 620 S. Capitol Ave., at 2 a. m, today, by saying he wanted to use the telephone. Benjamin Stinnett, 1017 Lexington Ave., night watchman refused to admit the prowler and called the police. Lieut. Fred Drinkut and the emergency squad searched for the prowler but failed to find him. Petition of the Kokomo Water Works Company, Kokomo, Ind., for authority to issue $600,000 5 per cent first mortgage bonds for sale to the American Water Works and Electric Company, and to issue 2,500 shares of cumulative preferred stock, bearing 6 per cent, to sell at SIOO a share, was granted by the public service commission today. “Vacant” is the subject of Merle Sidener, Christian Men Builders, Inc., class at the Third Christian Church Sunday morning. The special music program will be broadcast over WFBM between 9:30 and 10:45 a. m.

13 ASSESSED IN GAMINGCASES Ten Fines Are Suspended, Two Suits Continued. Thirteen persons were fined, two cases were continued and one discharged on gambling charges Thursdays in municipal courts by Judge Paul C. Wetter and Special Judge Sumner Clancy. John McCarty, 951 W. ThirtyFourth St., was fined $23 and costs and sentenced to fifteen days, and George Young, 2430 Pierson St., was fined $25 and costs for keeping a gambling device. They were arrested July 9 in a poolroom at 2140 N. Illinois, owned by McCarty, where Young was employed. The case was appealed. The case of C. M. Stillinger, charged with keeping a gambling device and gaming, was continued to Aug. 17, and the case of Eliza Harvey, 701 W. St. Clair St„ charged with gaming and visiting a gaming house, was continued to Aug. 15. John Byron, 1427 N. West St., charged with keeping a gambling house, was fined $25 and costs and given a thirty-day suspended sentence. The following men were fined $5 and costs and sentenced to ten days with the penalties suspended on charges of gaming and visiting a gaming house: William Spearman, 1304 Fayette St.; Herbert McDonald, 513% W. Fourteenth St.; John Nance, 1328 Fayette St.; George Ramsey, 517 W. Seventeenth St.; Jessie Pendergrast, 455 W. Seventeenth St.; Joseph Hooks, 2645 Burton Ave.; Floyd Evans, 524 W. Seventeenth St.; Hobart Frain, 468 Sixteenth PL; Wardine Armstrong, 1706 Boulevard PL; and Ike Henderson, 1624 Brighton Blvd. Robert Dixson, 704 W. St. Clair St., was discharged. FINE DRUNK DRIVER $lO Sentence for Roy Moore Suspended; Pool Case Dismissed. Roy Moore, 110 N. East St„ charged with drunken driving, was found guilty in municipal court, Room 4, by Judge Paul C. Wetter today, and fined $lO and cost*. Sentence was suspended, however. Fred Beeman, 128 N. East St., was discharged on a baseball pool ticket selling charge. Robert Vine, 820 N. Rural St., arrested and charged with drunkenness when found sleeping in a car on Miami St., was found guilty. Judge Wetter suspended a fine of $lO and costs, when Harry Rodman, Vine’s attorney, asked that appeal bond be set. DIES IN RESCUE EFFORT B-V United Press DETROIT, Mich., July 27.—Unable to swim, Albert Cox, 41, a bank cashier, gave his life here in a vain effort to save an 8-year-old boy. Cox was on a picnic with a sister, who lives here, when he heard the cries of John Cummings of Trenton, who had waded into water over his head at Elizabeth beach on the Detroit River. • The visitor dashed into the water, but just before reaching the boy he doubled up as though attacked by cramps and sank. Thirty minutes later police recovered both bodies.

Special EXCURSION ROUND-TRIP FARES Special week-end round trip fa 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 Round 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 on 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 Lake. 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 UI ley 4501 for full information. UNION TRACTION

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SHIPP TELLS ENGINEERS OF SCHOOLVIEWS Urges Strict Enforcement of Heating, Ventilating Regulations. “Get some cne to enforce the Indiana sanitary schoolhouse law and pay him well,” was the recommendation of C. C. Shipp, manufacturer of the D-I heating and ventilating system, made Thursday to members of the Indianapolis Engineering Society, who are investigating the law's operation with a view of suggesting revision in the next Legislature. “Strict enforcement of the law and of State health board rules empowered by its provisions would eliminate the ‘saw and hatchet’ man,” Shipp said, “and would benefit the taxpayer, the school children and legitimate architects, contractors and manufacturers.” Strikes at Tax Board Shipp further recommended dropping the requirement for 40 per cent humidity in schoolrooms, a requirement which he said was practically impossible of achievement, and which, if complied with, would “mold the walls and put water on the blackboards." An echo of Shipp’s long-standing rows with the State tax board was heard when he denounced the practice of permitting contractors to provide plans and specifications for school construction and installation of equipment rather than having the work done by competent engineers. “Those were the sort of plans Zoercher and Brown (Philip Zoercher and John G. Brown, State tax commissioners) said they could get for $4.50," Shipp said. "Anybody knows you can’t put in several weeks making up plans for $4.50 unless there’s some other motive." Speaks for 45 Minutes Shipp’s commendations of his own D-I ventilating system were interrupted by the chairman, watch in hand. Forty-five minutes had been insufficient for him to “say all I wanted to say.” “My cards are always face up on the table,” he said. Asked to next week’s meeting when a representative of the Buckeye Blower Company, of Columbus, will speak, Shipp accepted with the words, “and I wish you’d ask Harry Miesse, secretary of the Indiana Taxpayers’ Association, Brown, Zoercher and a few others over here.” TAKE PAY BY FORCE Painters Hurl Bottles at Grocer, Snatch $25. Thomas Mocas, proprietor of a grocery, 3406 E. Twentieth St., had a dispute with two men about the settlement for painting a building for him. Thursday night, he told the police, the men collected by entering his stpre and throwing beer bottles at him and taking $25 from the cash register. The two men were gone when the police arrived.

A SIOO,OOO City Trust Company 5 y 2% First Mortgage Certificates Denominations SIOO, SSOO, SI,OOO Due July 15, 1933 Priced to Yield 5Va% City Securities Corporation DICK MILLER. President 108 E. Washington St