Indianapolis Times, Volume 40, Number 62, Indianapolis, Marion County, 2 August 1928 — Page 10

PAGE 10

LIST IRREGULAR WITH FURTHER SCARCEMONEY Stocks Improve With Money More Plentiful Later in the Day.

Average Stock Prices

Average of twenty industrials Wednesday was 216.78. up .78. Average of twenty rails was 138.30, off .23. Average of forty bonds was 95.76, off .04. By United Press NEW YORK, Aug. 2.—Uncertainty over the brokers’ loan situation caused further irregularity in the stock market in early dealings today. Leading issues eased off fractionally, particularly the favorites of Wednesday, including Montgomery Ward. ■ General Motors was active, but sold off nearly a point. It opened at 189 to 188%, off % to %, and held around the lower price in early dealings. A few special issues were bid up. Union Carbide was carried up 1% to 160%, Burns Brothers 2% to 37 and fractional gains were noted in Sears-Roebuck, American Telephone and Telegraph and International Nickel. United States Steel opened off % at 140% and held steady around that level, while Radio lost 1% points to 173, American Can eased % to 92% and American Smelting eased % to 201%.

Frisco Leads Rails Rails were steady to firm, with Frisco rising nearly a point to 113%. Motors ruled easier, as did coppers. Oils were still in demand on reduced stocks and higher gasojine prices. Describing the market, the Wall Street Journal’s financial review today said: “Although there was nothing in the monthly Federal Reserve review regarding credit conditions which was not already known, bearish professionals took advantage of the attention called to the over-loaned position of banks to launch a drive on principal industrials in early dealings. “Pressure was also increased by the desire of day-to-day traders to get out of stocks pending this afternoon’s meeting of the Clearing House Association to consider the situation created by corporate and individual lending in the call market. “Asa result declines took place in principal trading issues.” Money More Plentiful Improvement continued as money supplies became more plentiful. A few issues were bid up sharply, while leaders which had been under severe pressure were recovring rapidly and trading was taking on slightly more activity. Atlantic Refining was an outstanding feature of the market, rising to anew high at 163, up 7%, and holding most, of the gain. Electric Auto-Lite and General Gas and Electric A both made new highs for the year, the latter ris.ng 4% points to 60%. Victor Talking Machine. Allied Chemical, Johns-Manville, National Distillers and National Radiator were carried up 1 to 3 points. General Motors recovered from 186% to 187%, off %, while United States Steel, which touched 139%, rallied to 140%.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $3,939.000. Debits were $7,661,000. NEW YORK STATEMENT By United Press NEW YORK, Aug. 2.—Bank clearings today were $1,473,000,000. Clearing house balance was $141,000,000. Federal Reserve Bank credit balance was $126,000,000. CHICAGO STATEMENT By United Press CHICAGO, Aug. 2.—Bank clearings today were $122 200.000. Clearing house balance was $10,700,000. FOREIGN EXCHANGE By United Press NEW YORK, Aug. 2.—Foreign exchange opened steady. Demand Sterling $4,85 3-16; franc*. 3.91 %c; lira 5.23 c. off ,00%c: belg 13.90%c: marks 23.85%c. *

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Aug. 2.—By virtue of its frank statement on the credit situation the current comments of the Federal F.errrve are very likely to receive closer attention than its previous utterances on the same subject. We are told in a few unminced words that member banks are in an overborrowed condition, that they have not sold enough of their investments and that good banking practice demands that immediate steps be taken to remedy tl:e situation. If this is true of the banks does it not also fit the individual? Does it not also mean that hope for easy money on which to continue an upward stock movement is gone for a while. This is really not a time when the market will turn on the usual bullish or bearsh outlook, but soley on money. Therefore we think that it would be well to use the strength in the market to lighten long stocks. Building Permits A. Goldberg, dwelling, 936 Berwyn, $2 100 W. M. Overmire, addition, 1624 Park, $1,300. A. Young, dwelling and garage. 1409 N. Drexel. $5,000. Realty Investment Company, alterations. 2938 E. Washington. $2,100. Pyramid Realty Company, building, 631 Bellefontaine. $25,000. A. W. Bolte. garage, 243 S. Downey, $395. N. Wells, repair. 901 W. Eleventh, $250. H. C. Garland, dwelling and garage, 152 Ridgeview. $12,000. M. S. Crodlck. garage, 27 Minerva, S2OO. W. O. Brion, repair, 415 N. Bancroft. SI,OOO. T. R. eßynolds. station. Thirty-Fourth and Central. SB,OOO. Johnson & Rosener, dwelling and garage. 814 Riley. $6,500. M. West, addition. 42 S. Rural, S2OO. J. E. Lawrence, addition. 2030 Castle. S2OO. C. R. Dillon, dwelling and garage. MOl N. Holmes. $2,950. L. Swift, repairs. 413 W. Fifteenth, $350. H. H. Fulk. dwelling and garage. 715 Watson Rd.. $8,500. C. F. Carlsted. garage, 1415 Burdsall Parkway, S2OO. H. Brennan, garage, 1317 W. ThirtySixth, S3OO. J. Koerner. reroof, 1436 Woodlawn, S3OB. F. Peek, dwelling and garage, 334£ W. Sixteenth. $2.80®. W. L. Rice, dwelling and garage, 5021 Graceland, $6,250,

New York Stocks “““ (By Thomson & McKinnon)””

—Aug. 2 Prev. Railroads— High. Low. 12:00. close. Atchison 188 Vs 188 188 188 Atl Coast Line 167 Balt & Ohio 105% ... 105% 106’/. Canadian Pac ..206% 206 206% 206% Chesa & Ohio 185% Chi & Alton 10% Chi St N West.. 82% ... 82% 82Vs Chi Grt West 13 C R 1 & P.... 117% ... 117% 118 Del Sc Hudson 191 Del & Lacka 132% Erie 52% 51% 52 53 Erie Ist pfd .... 58% ... 57% 58% Grt Nor pfd 97 ... 97 97% 111 Central 141 Lehigh Valley 102 Kan City South 47% ... 47% 48 Lou & Nash 141 MXSt T 36% 36% 36% 36% Mo Pac pfd 114% ... 114*% 114% N Y Central ....162% ... 162 163% NY C & St L.... 127 ... 127 127% NY NH & H.... 56% ... 56 57 Nor Pacific 96 ... 95Va 96 Norfolk Sc West 175 Vi Pere Marquette 129 Pennsylvania ... 64% ... 64Vi 64% P & W Va 138 Reading 100 ... 100 101 Southern Ry 150 .. 150 150 Southern Pac ..119% ... 119 119 Vi St Paul 35% 35% 35% 35% St Paul pfd 47 ... 46'% 47 St L & S W 81 Vi St L& S F 113% 113% 113% 114 Texas & Pac 154% Union Pacific 194% West Maryland 39% Wabash 72% ... 71% 72% Wabash pfd .... 93 ... 93 Rubbers— Ajax 8% Fisk 11 ... 11 10% Goodrich 77 Vi ... 77% 76% Goodyear 52% ... 52 52% Kelly-Spgfld !9% Lee 19 Vi United States .. 32% ... 32% 32% Equipments— Am Car St Fdy.. 91% 91 91 90% Am Locomotive.. 95 ... 93% 94% Am Steel Fdy.. 53% ... 53 53% Amer B Shoe 40% General Elec ..151 149% 150% 150% Gen Ry Signal 100 Vi ... 99% 99% Lima Loco 41% 41% 41% 42 N Y Airbrake... 43 ... 43 42Vi Pullman 80% 80 80% 80 Vi Westingh Air 8.. 45% ... 45% 45% Westingh Elec.. 94% 93% 94 94

Steels— Bethlehem 56% 56% 56% 56% Colorado Fuel... 62 81% 61% 62% Crucible 72 ... 72 72% Gulf States Stl 65% Inland Steel ... 58 ... 58 58 Phil R C & 1.. 28% ... 28% 28% Rep Iron & Stl 56Vi ... 56Vi 57% Otis Steel .... 22% 22 22 U S Steel 140% 139% 140 140 Vi Alloy 33 ... 33 33 Youngstwn Stl.. 89 ... 69 89'% Vanadium Corp. 73% ... 73 73 Motors— Am Bosch Mag.. 31% ... 31% 31% Chandler 23 22% 23 23 Vi Chrysler Corp .. 77% 76% 77 78 .Conti Motors. 11 % 11% 11% 11% Dodge Bros ... 15% ... 15% 15 Va Gabriel Snbbrs.. .. ... ... 19 General Motors .189 186% 187 189% Hudson 82% 81% 82 82 Vi Hupp 57 56% 56% 57 Jordan 10% ... 10% 10% Mack Trucks... 90% ... 89% 91 Martin-Parry .. 17% ... 17% 17% Moon 8% 8 8 V* 8 Paige 32 31% 32 31% Nash 84 ... 83 Vi 84 Va Packard 73% ... 73% 74 Peerless 15% ... 15% 15% Pierce Arrow .. 13% ... 13% 13% Studebaker Cor. 71 ... 70% 7i% Stew Warner ... 94% ... 93% 94 Stromberg Cart 49% Timken Bear ...123% ... 123% 126 Wlllys-Overland. 21 21% 21 % 21% Yellow Coach... 32% ... 32% 32% White Motor ... 37 ... 37 37 Mining— Am Smlt Sc Rfg.201% ... 301% 202% Anaconda Cop.. 66% 66Vi 66% 67 Calumet & Ariz 95% ... 94% 96 Cerro de Pasco 76% ... 76% 77 Chile Copper 44% Greene Can Cop 99% 97% 99% 99% Inspiration Cop 21% Int Nickel .... 98 96% 97 98 Kennecott Cop.. 94% 94% 94% 84% Magma Cop 50% Miami Copper... 20% ... 19% 49% Texas Gulf Sul.. 68% ... 68% 68% U S Smelt 47 ... 47 46% Oils— Atlantic Rfg ...158% 156% 157% 155% Barnsdall 24% 23% 24 24% Freeport-Texas.. 59% ... 59% 59% Houston Oil 134% ... 132% 134 Indp Oil & Gas. 24% ... 24% 24% Marland Oil ... 37% 36% 37% 37 Mid-Cont Petrol 30% Lago Oil & Tr. 31 30% 31 33% Pan-Am Pet B. 43% 42% 43% 43 Phillips Petrol.. 39% 39% 39% 39% Pro & Rfgi s .. 25 24% 25 25 Union of Cal .. 50% ... 50% 51 Pure Oil 23% ... 23% 23% Royal Dutch .. 54% ... 54% 54% Shell 26% 26% 26% 26% Simms Petrol .. 21 Vi ... 21 Vi 21% Sinclair Oil 27 26% 26% 26% Skelly Oil 31% ... 31% 31% Std Oil Cal 58% ... 58% 58V 4 Std Oil N Y .... 45% ... 45% 45% Std Oi: N Y ... 35% 35% 35% 35% Texas Corp 61% 61% 61% 61% Transcontl 7'i ... 7% 7% Richfield 46% 45% 46% 46 Industrials— Adv Rumely 441% Allis Chalmers 126 Allied Chemical 175% ... 175 175 Armour A 18% ... 18% 18% Amer Can ..., 93 91% 92 931,; Am H L pfd 42% ■Am LJpseed 108% Am Safety Raz 63 Am Ice 41% 41 41 % 41% Am Wool 17Vi ... 17% 17% Curtis 103 101 Vi 102 103% Coca Cola 164% ... 164% 164% Conti Can 105% ... 104 105% Congoleum .... 22% ... 22% 22% Davison Chem.. 51 ... 51 52 Dupont 371 ... 371 373% Famous Players. 133% 132% 133 133% Gen Asphalt ... 74 ... 74 73 Int Bus Mch.122% 121% 122 123% Int Cm Engr... 60% 59% 59% 5934 Int Paner 69% 67 67% 70 Int Harvester. .270 ... 269% 271% Lambert 107% ... 107% ior% I-oews 53’i ... 53% 54% Kelvinator 10% 10% 10% 10% Montgom Ward 189 185% 188 188 Natl CR, 65% 65% 65% 66 Pittsburgh Coal 97 Owens Bottle .. 78% ... 78% 79 Radio Corp ....174 170% 171% 174% Real Silk 37% 37 37% 36% Rem Rand 29% ... 2*% 30 Sears Roebuck. .123% 121 123 173% Union Carbide ..161% ... 159 158'/, IT S leather .. 45% 45% <5% 4.4% Unlv Piece 19% ... 19% 19% II R Cs Ir Pine 239 TJ S Indus Alco . 109% ... 109% no Warner Bros ... 63% 60% 62% 60% Wright 157 153% 154% 158 Utilities— Am Tel St Tel ..176% 176 176% 176 Am Express 190 Am Wat Wks ... 57% ... 57% 56% Brklvn-Manh T 63 Col GSc E 110% ... 110% HO’,, Consol Gas .. ..145 ... 143% 147% Elec Pow & Lt.. 34% ... 34% 34% Interboro 38 ... 38 Nor Am Cos 71 % ... 7! % 72 Nat Power .32% 32% 32% 32% Pub SVC N J 56Vi 55% 56% 56% S Calif E 4734 Std Gas St El .. 64 ... 6.3% 63% Utilities Power. 38 37% 38 38 West Union Tel 146 Shinning— Am Inti Corn .. 96 95% 96 96% Am Ship & Com ... 4% Atl Gulf St W I 4% Inti Mer M pfd.. 3534 35% 35% 35% United Fruit 135% Foods— Am Sug Rfg 69% 68% 69% 69V. Am Beet Sugar.. 19% 19% Austin Nichols 4% Beechnut Pkg-... 76 75 76 75% California Pkg .. 71 % ... 71% 71 Corn Products.. 78% 77% 78 78% Cuba Cane Sup.. 16% ... 16% 16V2 Cuban Am Sug. 18% ... 18% 18% Flelschman Cos.. 71% 70% 71% 71% Jewel Tea 116% ... 116% 116% Jones Bros Tea 29 Natl Biscuit ...163% ... 163% 164 Nat Dairy 80 ... 80 80 Postum Cos 67 ... 66% 663* Ward Baking B 17 Tobaccos— Am Sumatra ... 64% ... 64% 65 Am Tob B 163% ... 162% 160 Con Cigars 89% ... 89% 90% eGneral Cigar .. 61% ... 61 61 Vi Lig St Mevers .. 92% 92 92% 92% Lorillard 28% ... 29% 29% R J Reynolds ... 133 Tob Products B. 98 ... 98 98’/ United Cigar St 24 ... 23% 24 Schulte Ret Strs 56% ... 56% 65 SEEK MISSING YACHT King of Spain Takes Charge of Search. L\y United Press SANTANDER, Spain, Aug. 2. King Alfonso took charge today of the ocean-wide search for the American yacht Azara, unreported since she started from New*York in a •' ~e across the Atlantic to Santander July 7. Asking that any information of the Azara be communicated to him at once, the king ordered that most careful watch be continued. Bandit Wants More Publicity WAUKEEGAN. 111., Aug. 2.—A bandit who has robbed twelve stores here recently, leaving a card signed “The Lonely One” in each place, wrote a newspaper reporter complaining lie was not getting proper publicity, j _ i _

HIGHER FOREIGN MARKET LIFTS CHICAGOWHEAT Corn and Oats Also Advance in Generally Bullish Grain Pits. Bn United Press CHICAGO, Aug. 2.—Stronger Liverpool cables prompted a slight advance in wheat on the Board of Trade today. September corn continued strong and carried the deferred deliveries higher. Oats gained a fraction.

Wheat opened V* to -Tic higher; corn was up % to IV2C, and oats was Vic up in all deliveries. Provisions were slightly lower. Wheat dropped to new seasonal lows late Wednesday and the sentiment at the close was decidedly bearish. Canada and the Northwest had clear, warm weather. The belief that September corn was due for a decline prompted some short selling Wednesday. lowa had heavy rains overnight, but the rest of the belt reported clear weather. Oats touched new lows Wednesday, and as arrivals increase sentiment is turning to the bearish side. Chicago Grain Table —Aug. 2 WHEAT— Prev. High. Low. Close, close. September .. 120<4 1.19% 1.20 1.19’ December ... 1.24% 1.23% 1.24% 1.23% CORN— September .. 1.01% 1.00 1.01% .98% December .. 79 .78% .78% .77% March 80% .79% .80 .79% OATS— September .. .39% .38% .39 .38% December ... .42% .42V, .42% .42 March 44 % ... .44% .44 RYE— September .. 1.03% ... 102% 1.02% December ... 1.06 1.04% 105 1 04% March 1 08 ... 1.07% LARD— September .. 12.35 .... 12.30 12.37 October ... 12.50 12.42 12.45 12.50 December .. 12.50 12.47 12.50 12.55 RIBS— September 14.25 October ... 13.75 13.75 13.90 By Times Special CHICAGO, Aug. 2.—Carlots: Wheat. 223; corn. 149; oats. 62; rye. 1; barley. 23.

AIM AT PROPAGANDA Educators to Guard Against Biased Influences. By Times Special WASHINGTON, Aug. 2.—A committee of ten educators will be selected here this month to formulate a policy to protect public schools against introduction of propaganda material by any special interest, Dr. J. W. Crabtree, secretary of the National Education Association, announced today. The action results from disclosures before the Federal Trade Commission that public utility interests have been circulating pamphlets favoring that industry in public schools In many States. The association, at its annual conversion in Minneapolis several weeks ago, passed a resolution providing for the committee “Dr. Uel W. Lanikm, president of the association, expects to come to Washington within the next two or three weeks and the personnel of the committee will be announced at that time,” Dr. Crabtree said.

Births Girls Floyd and Pauline Marlnee. 712 N. East Earl and Rose Cornwell. 501 S. Senate. Owen and Kathrvn Phelps, 809 Paca William and L ttie Shivers. 908 Charles. Harry a:-d Sy’vina Elder. Coleman Hospital. Ellsworth and Anna Roth, 1520 S. Belmont. Lucas and Elfreda Kunkel, St. Vincent's Hospital. Rutherford and Georgia Diggle, St. Vincent’s Hospital. Bovs Edward and Marie Bigelow. 534 S. Keystone. Forest and Montlca Hinkle, Coleman Hospital. Leonard and Hazel Reeves, Coleman Hospital. Earl and Pearl Holland, 5712 University. Connell and Lillian Morris. 2336 Adams’. Frank and Marie Fisher. 2626 James. Ralph and Anna Jacobs, St. Vincent's Hospital. Clyde and Bertha Hubbard, 406 N. Bowman. Arthur and Awlettha Mitchell, 043 Madison. Bedford and Cleon Leonard, 1134 N. Arnolda. Ben and Theresa Glogeza, 3103 W. North. Lowell and Doris Hofferbert, 52 N. Denny. Twins Robert and Annie Mouron, 3044 Boulevard PL, girls. Deaths Everett Neville, 38, Methodist Hospital, acute nephritis. Charles M. Briney, 11, 1427 College, influenza. Paula Vernel! MaClain, 6 mo., 3601 W. Twelfth, ileocolitis. Delia B. Hayden. 91, 22 N. Bolton, coronary thrombosis. Pauline A. Hastings, 39, 803 N. DeQulney, peritonsilar abscess. Lester L. Johnson, 38, 919 Bradbury, broncho pneumonia. Fannie White, 44. 346 W. Tenth, carcinoma.

SUGAR OPENING By United Press NEW YORK. Aug. 2.—Sugar futures opened higher. September 2.20, Up .03; December 2 35. up .03: January 2.36. up .02; March 2.41. up .03; May 2.48. un .02; July 2.55. up .01. WOMEN TO HEAR’ STUMP Senator Candidate Will Speak at Sullivan. Albert Stump, Democratic nominee for United States Senator, will address Democratic women of Sullivan County at Sullivan, Ind., Friday afternoon. Next Wednesday he will address Allen County Democratic women at a rally sponsored by the Allen County Women’s Democratic organization. Frank C. Dailey, Democratic gubernatorial nominee, has been invited to address the fifty-seventh old settlers reunion of Clay and adjoining counties Sept. 1.

Just Foolin ’ By Times Special FT. WAYNE, Ind., Aug. 2. Mrs. Gladys Hardy, 23, mother of two children, drank from a drug labeled bottle in her husband’s presence, after telling him she could not bear to live with him. He called a police ambulance, but Mrs. Hardy refused to go to a hospital, saying the bottle contained only water. She said she played the suicide role in an effort to force Hardy “to be more kind to me.”

THE INDIANAPOLIS TIMES

Produce Markets

Butter (wholesale price) No. 1. 47@48c: No. 2. 454i'46c lb. Butterlat (buying prlcel— 45@46c lb. Cheese (wholesale selling prices, per pound I—American loaf. 36c; pimento loaf. 36c; Wisconsin flat, 29c; prime cream. 32® 34c; flat Daisy. 27c; Longhorn, 27c; New York Limberger, 300. Eggs—B living prices: Fresh delivered at Indianapolis, loss off. 26c doz. Poultry (buying prices I—Hens, 20021 c: Leghorn hens. 140i5c: 1928 spring, large breed. 2 lbs. and up. 28c; 1%®1% lbs.. 24(325c: Leghorns. 20021 c; old roosters, large, 11® 12c: small. 10c; ducks. 10c: geese. 8c; guineas, young, 50c; old. 35c. By United Press 1 NEW YORK. Aug. 2.—Flour—Quiet and unchanged. Pork—Steady; mess, $33.50. Lard—Easy; midwest spot. $12.60012.70. Sugar—Raw. weak; spot. 96 test, delivered duty paid. 4.92 c; refined, easier; granulated, 5.400 5.45 c. Coffee—Rio No. 7 on spot. 170 17%c; Santos No. 4. 23%W24c. Tallow—Steady: special to extra. B®B%c. Hay—Quiet; No. 1. $1.250 1.30; No. 3.80 c @51.05; clover. 75c@ $1.20. Dressed—Firm; eurkeys, 250 47c; chickens, 300 41c; broilers. 30®41c; fowls. 160 31c; ducks. 18 @l9c; Long Island. 23c. Live poultry Steady to firm; geese. 100 15c; ducks. 15® 23c; fowls, 220 28c; turkeys, 20 0 25c; roosters. 18c; broilers, 250 38c. Cheese Steady; state whole milk, fancy to specials. 250 26c: Young Americas. 260 26%c. Potatoes —Southern. $1,250 1.88; Long Island. $1.500 2. Sweet—Southern. S2O 9. Butter—Quiet; receipts. 17.337; creamery extras, 45%c; special market. 45%®46%c. Eggs—Firmer; receipts. 18.363: nearby white fancy. 44047 c; nearby State whites, 33043 c; fres firsts. 30%®31%c; western whites, 32036 c; Pacific coast. 340.45 c; nearby browns, 310 42c.

EXPORTS MAKE PERIOD RECORD First Six Months of 1928 Largest in History. Bid United Press WASHINGTON, Aug. 2.—United States exports of merchandise during the first six months of 1928 were larger in volume than for the corresponding period of any other year, a Commerce Department survey showed today. Exports of gold during the fiscal year ending June 30 totaled $627,102,000. which was the largest outward movement of gold on record. Imports of gold during the twelve months totaled $129,139,000. Merchandise exports for the fiscal year totaled $4,877,000,000. Imported merchandise was valued at $4,146,000,000. Efflcicency of American factories and salesmanship in foreign countries, the survey said, is indicated by the steady growth of finished manufactures exported. which reached a total of $2,061,000,000, 4 per cent more than the previous year and 70 per cent more than during 1921-22. Cotton exports were about 30 per cent smaller in volume than in 1926-27, because of the decrease in the American crop, but higher average prices for cotton caused the total value in cotton exports to decrease by only 5.4 per cent.

In the Cotton Market

(By Thomson St McKinnont NEW YORK. Aug. 2.—The boll weevil makes us timid about selling cotton, but nothing serious seems to be happening. We are afraid of the Government report, but that is not apt to have anything more than a temporary Influence. Receipts are Increasing every dav. Will outsiders buy enough to steady prices. We doubt lt. By United Press NEW YORK. Aug. 2.—Cotton futures opened higher. October. 19.65. up .01; December. 19.50. up .05; January. 19.43. up .09; March, 19.45. up 05; May. 29.40. up .05

Commission Row

PRICES TO RETAILERS FRUITS Apples—New fancy Transparents. $2 basket; fancy barrel apples, seasonable varieties, $5.60, new fancy basket apples, seasonable varieties. $2 crate. 40 lbs. Apricots—s3.7s crate. Blackberries—s3, 24-qt. crate. Cantaloupes—Arksans. $2.50 crate. Cherries—Northern, $3.50, 16-qt. crate. Currants— $2.50. 16-qt. crate. Dewberries—ss.so. 24-ot. case. Gooseberries—lndiana. $5. 24-qt. crate. Grapes—California. *202.50 crate: Malagas. $2.50 Crate. Huckleberries Georgia, *7.50, 24-qt. crate. Lemons—California. $2 50 crate. Limes—Jamaica, $1.75® 2.25, 100. Melons—Honey Dew. California. $5 50. Oranges—California Valencias, $70.9.25 crate. jPeaches—Southern. $202.25 crate. Fears—Barletts, $3. Plums—California. $1.7502.50 crate, raspberries—Black, *2.50 crate; red. $3.50 crate. Watermelons—Florida. 75c each. VEGETABLES Beans Mississippi ••tringless, $1.25 hamper. Beets—Home grown. 35c doz. Cabbage—Home grown. $1.25 bbl. Carrots—Louisiana. 35c doz. Cauliflower—Home grown. $1.25 bu. Celerey—Michigan. $1.25 crate. Corn—Fancy home-grown. 30c dor. Cucumbers grown. 75c doz. Kale—Spring. 60s bu. Mustard—Fancy, home grown, 60c bu. Okra—Tennessee. $1 basket. Onions—Home grown, green. 25®40c doz.; Texas crystal wax. $202.25 crate. Parsley—Horne grown. 50c doz. bunches. Peas—New York. Telephone $1.50 bu. Peppers—Home grown Mangoes. $1.75 hamper. Potatoes—Virginia Cobblers, $2.75 bu.; fancy home grown $1.35 bu. Radishes—Hothouse, Button. 65c doz. bunches; southern long red. 45c doz. Rhubarb—Home grown. 35c doz. Spinach—Fancy home grown. *1.35 bu. Sweet Potatoes—*2.so hamper. Turnips—New *1.25 bu. MISCELLANEOUS Cidar—*4 50 6-gal. case; *4.75 doz.. %- gal. Jars. Garlic—California, 20c lb.

Local Wagon Wheat

. Local grain elevators are paying $1 27 for No. 2 red wheat and SI.OB for No 2 Sn r the"l'r merlt?. ther * fadeS are DUrchased Other Livestock By United Pri ss , CINCINNATI. Aug. 2.—Hogs—Receipts. 3.600; holdovers. 1.129; market, steady to 10c down: 250-350 lbs.. O lbs.. $11.250/11.85; 160-200 lbs *m, 11.85: 130-160 lbs., $10.50(i/ 11.25: 90-130 lbs $97, 10.75; packing sows. $87,9.75. Cattle— Receipts. 750. Calves—Receipts. 550; market veals steady to 50c up: beef steers. sll 76 14.50: light yearling steers and heifers. $11(0-15: beef cow’s, $77,9.50; low cutter and cutter cows. $5,507/6.75: vealers. *147, 16.50: heavy calves. $lO7/13: bulk stocker and feeder steers. $10.507611.50. Sheep—Receipts, 2.400: market, steady: top fat lambs. sls: bulk fat lambs. $127/14.50: bulk cull lambs. SB7/11: bulk fat ewes. $4.50767 INHERITS 100 MILLION Daughter of Merchant Becomes Britains Richest Heriess. By Times Special LONDON, Aug. 2.—The richest heiress in this country is Miss Gladys Yule. It is estimated that her father, Sir David Yule, the Anglo-Indian merchant, who died recently, left an estate valued at $100,000,000; and her mother. Lady Yule, possesses a large fortune it) her own right. Only in America has the reputed amount of Sir David Yule’s fortune been exceeded. James Duke, the tobacco magnate, Who died in 1925, left sore than $150,0q0,000,

PORKERS SELL STEADY TOIO CENTSLOWER Top Average Holds Steady, but Other Animals Take Decline. July Bulk Top Receipts 25. 10.750 11.60 11.65 6,500 26. 10.75011.60 11.60 7,000 27. 10.65011.60 11.65 6.500 28. 10.75011.50 11.50 3,000 130. [email protected] 11.50 5.500 31. 10.75® 11.40 11.50 7,000 Auk. 1. 11.00011.75 11.75 • 8.500 2. 11.00ei1.50 11.75 7,000 The hog market was largely to 10 cents lower on the hundredweight at the local stock yards today and the holding steady at $11.75. Bulk material weighing 160-300 pounds cleared the pens upward from $11.40. Receipts were estimated at 7,000 and holdovers 274. Cattle market was steady on receipt of 700 head; vealers sold steady with receipts numbering about 600 and sheep and lambs were unchanged in other divisions. The Chicago market opened slow to weak to 10 cents lower than Wednesday's average, a few 180-235 pounds brought $11.35 and up. The top was $11.50, paid for an outstanding load of around 200 pound class. There were about 25,000 hogs received. Heavy butchers, 260-350 pounds, declined 10 cents on the top, selling at sll® 11.50, while material in the 200-250-pound class brought $11.50® 11.65, evenly 10 cents lower. Lights, 160-200 pounds, were priced at $11.60®11.75, unchanged, and light, lights, 130-160 pounds, brought $10.90® 11.40, 10 cents lower. Pigs were off 10 cents to $8.75® 10.40, and packing sows held unchanged at $9.50® 10.50. Beef steers brought $13.75® 16 25, and cows, $8.50® 11 in the cattle division which was supplied with 700 head. Low cutter and cutter cows sold for $5.25®7, and bulk stock and feeder steers, at sß® 12. Best vealers were 50 cents higher, selling at $15.50® 17. while heavy calves were unchanged at s7® 11. The supply was around 600 animals. Sheep and lambs were unchanged with the top standing at $14.25, and 800 animals in the pens. Bulk fat lambs sold for $12.75® 14, and bulk culls at sß® 10.50. Bulk fat ewes were priced at $4.50® 6.50. —Hors — Receipts, 7,000; market loner. 250-350 lbs $11.50 200-250 lbs 11.50011.65 160-200 lbs 11.600*11 75 130-160 lbs 10.900 11.40 90-130 lbs 8.750 10 40 Packing sows 9.50®10.50 -CattleReceipts. 700; market, steady. Irregular Reef steers $13.750 16.25 Beef cows 8.50® 11.00 Low cutters and cutter cows . 5 250 700 Bulk stock and feeder steers. B.oo® 12.00 —Calves— Receipts. 600; market, steady to higher Best Vealers $15,60 0.17.00 Heavy calves 7.00® 11.00 -SheepReceipts, 8C0: market, steady Top fat lambs $14.25 Bulk fat lambs 12.75014.00 Bulk cull lambs B.oo® 1C.50 Fat ewes 4.50® f.50

Other Livestock By United Press CHICAGO. Aug. 2.—Hogs—Receipts. 25.000; market slow, mostly 10015 c lower than Wednesday's average; big packers inactive; top. $11.50. paid for choice 185-215-lb. weights: butchers, medium to choice 250-350 lbs.. $10.50011.30: 200-250 lbs.. *10.60® 11.50: 160-200 lbs . *10011.50; 130-160 lbs.. *9.50011.30; packing sows. $7.40010 25; pigs, medium to choice. 90130 lbs.. $9.25® 10.60. Cattle—Receipts. 7.000; calves. 2.000; mostly better trade on weighty steers; vearllngs about steady; recent bids. 50c to $1 lower; best heavies. *16.35: strictly choice vaerllngs absent; most little cattle, sl6 down to $14.50; slaughter classes steers, good and choice I. lbs. $l4O 16.40; 1.100-1.309 lbs. $14016.50: 950-1.100 lbs.. *14016.60; common te medium. 50 lbs.. *8.75® 14; fed yearlh 4s. good and choice 750-950 lbs . sl4 ®16.',; heifers, good and choice. 50 lbs. dowr [email protected]; common and medium. *8.21 $13.75; cows, good and choice. s9® 12.51 comon and medium. *7.25® 9; low cutti - to cutter. $5 900 7 25; bulls, good and choice ibeeft, $9.40010.75; cutter to medium. $7.25®9.50; vealers. milk fed. good and choice. *15.25® 17.25; medium. $12.50® 15.25; cull and common. *B® 12; stocker and feeder steers, good and choice, all weights. *11.75013.75: common and medium. *9.50® 11.75. Sheep Receipts. 15.000; fat lambs active, strong to 15c higher: full upturn on choice rangers; natives selling over wider price range; sheep steady; fedlng lambs firm; lambs, good and choice 92 lbs. down $13,850 15.50: medium. *12.50® 13.85; cull and common. $9.50 0 12.50; ewes, medium to choice 150 lbs. down, *4.250 7 40; cull and common. *1.750 5.50; feeder lambs, good and choice. *13.25013.75. By United Press TOLEDO. Aug. 2.—Hogs—Receipts. 250; market, 10@25c lower; heavies. $11.25® 11. mediums. $11.4001165 Yorkers. $11.25011.65; good pigs. *10.75® 11.25. Cattle—Receipts, light; market strong. Calves—Receipts, light: market strong to *1 higher. Sheep and lambs—Receipts, light; market steady.

By United Press CLEVELAND, Aug. 2.—Hogs—Receipts, 1,000; market steady to 10c up; 250-350 lbs.. $11,657,12; 200-250 lbs., $11857,12.10; 160-200 lbs.. $11,857,12.10; 130-160 lbs.. $11.50 7712.10; 90-130 lbs., $11.257611.50: packing sows. $9 @10.50. Cattle—Receipts, 200: calves, 150: market, cattle steady, calves 50c up; beef steers. $10,257/ 12.50; beef cows. $77/9.25; low cutter and cutter cows. $506.75: vealers. $167/18.50. Sheep —Receipts, 300; market steady to strong; top fat lambs, *15.25: bulk fat lambs, $14,757/ 15.25; bulk cull lambs, sll® 12; bulk fat eews, $5777. By United Press EAST BUFFALO. Aug. 2.—Hogs Receipts. 6,500; market, slow to 15c down; 250-350 lbs.. $11.65012.10; 200-250 lbs., $11,857/ 12.10: 160-200 lbs., $11,857/ 12.10: 130-60 lbs., $11,607/ 12.10; 90-130 lbs $11.35 7/11.85; packing sows. $9,257,10. Cattle— Receipts. 1,250; calves, 250; market steady; beef steers. $12,507/ 16.50; light yearling steers and heifers. $14(015.50; beef cows, $8,257/ 10.25; lotv cutter and cutter cows. $4 857,7.25; vealers. $177617.25. Sheep—Receipts. 300; market steady; top fat lambs. Sls; bulk fat lambs. sl4 507, 15; bulk cull lambs. $9.50012; bulk fat ewes, [email protected]. By United Press FT. WAYNE. Ind.. Aug. 2 —Hogs—Receipts. 250 market, steady to 15 cents lower: 90 .iO lbs... $9.50; 110-130 lbs.. $10.50: 130-140 lbs., $10.65: 140-150 lbs.. $10.90; 150-160 lbs., $11.15; 160-170 lbs.. $11.25; 170-250 lbs.. *11.35; 250-300 lbs.. $11.50; 300-350 lbs.. $11: roughs. *97,9.25: stags. $77/7.50. Calf—Receipts. 25; market. $15.50 down. Sheep—Receipts. 100; market lambs, sl3 down. Bn Times Special LOUISVIILE, Aug. 2.—Hogs—Receipts, I, market, steady; best heavy and medium hogs. 180 lbs. up. $11.60: pigs and lightsc. 180 lbs. down. $7.605610.20; stags and throwouts, 08.50769.10. Cattle—Receipts. 300; market, steady; prime heavy steers, $137,14; heavy shipping stebrs. sl2 7/13: medium and plain steers. $lO7/12: fat heifers. *B7/ 13.50; choieefl cows. *8.507$ 10; medium to good cows. $8.507,8.50; cutters. $5.50766.50; canners, $57/5.50; bulls, $67/9; feeders. $97/11.25; Stockers, *8.507/, 11. Calves—Receipts. 400; market, steady; good to choice. $11,507,13.50: medium to good. $9.507611.50; outs. *9.50 down. Sheep—Receipts. 2.400; market, steady to 50c higher; lambs. $13.507614; choice, $14.50; seconds. *8.50769. Sheep—*47/8; bucks. $3763.50. Wednesday's shipments; CatUe, 159; calves, 233; hogs, 431; sheep, 1,85 ft, By United Press PITTSBURGH. Aug. 2 —HoHgs—Receipts. 500: market. 157,25 c up; 250-350 lbs.. SI 1.75 7,12.45: 200-250 lbs.. $127/12.50; 160-200 lbs.. $11.507712.50; 130-160 lbs.. *117612.40; 90-130 lbs.. $1077.11.75: packing sows. $9.25 7610.25 Cattle—Receipts. 25. Calves—Receipts. 25; market, unchanged to 50c up on veals; beef steers. sll7/15.60; light yearling steers and heifers. $10.5077 15; beef cows. $87610.50: low cutter and cutter cows. $5767.50; vealers. $15(8>17.75: heavy calves. *B7/14. Sheep—Receipts. 150; market. steady- top fat lambs. *ls: bulk fat lambs. $12,507$ 14.50: bulk cull lambs, $9 012; bulk Xat ewes. *4.50®6.50.

ASKS COMPULSORY LEVY FOR STREETS

Five-Cent Mandatory Rate for Improvements Is Lawyer’s Plea. Passage of a law fixing a 5-cent mandatory levy for street widening and straightening by the next Indiana legislature was advocated today by Merle N. A. Walker of the law firm of Walker & Hollett. Walker, attorney for several contracting firms, conferred with board of works members and City Engineer A. H. Moore about the advisability of the law. The attorney pointed out that the mandatory levy for a five-year period would enable the board of works and city plan commission to obtain sufficient money to complete an adequate widening and straightening program. The 5-cent rate would raise more than $300,000 a year. Walker said his plan N would not conflict with the present thoroughfare plan levy which has a 3-cent maximum. "A mandatory levy would be sure to bring in necessary money for the improvements. If the amount was optional with some board the budget committee, politicians who seek to keep the rate low and the State tax board would have authority to cut the rate," Walker said.

MAIL VOLUME RISES Sign of Better Business, Says Postmaster. Indications of improved business conditions were seen today by Postmaster Robert H. Bryson in the 2.59 per cent increase in postoffice receipts in July. Receipts for the month were $351,374, in comparison with $323,509 for July, 1927. Stamp sales showed increase of $14,438. Bryson reported 348 pounds of air mail was despatched from the local postoffice, in comparison with 288 pounds in June, 1928. Increase also was shown in incoming air mail. July was the first month the air mail plane made a round trip every day of the month. INSPECT RADIO ZONES TO DECIDE ON CUTS Commissioners Make First-Hand Study of Broadcasting. By United Press WASHINGTON. Aug. 2.—Several members of the Federal radio commission left for their respective zones today to make a first-hand study of the broadcasting situation. For several weeks the commission has been holding daily sessions, sometimes continuing well into the night, on the nation-wide reallocation plan called for by the Davis amendment to the radio act. Since beginning its deliberations, vhe commission has reduced the number of broadcasters by thirtysix, but it still has 650 stations to consider. Os this number, 128 smaller stations have received revocation notices, and the commission is iow considering whether any of these shall be retained after Sept. 1.

STREET RAILWAY PICNIC HELD AT BROAD RIPPLE Second Day of Outing Expected to Attract Thousands. The second day of a two-day outing and picnic for employes of the Indianapolis Street Railway Company and their families and friends was in progress today at Broad Ripple Park. Attendance on the first day was estimated at 3,000 and early arrivals today indicated this total may be eclipsed before the final event late, tonight. James P. Tretton, general' superintendent, and E. H. Pflume, transportation superintendent, worked out special car schedules for getting the guests to the park. A share of the proceeds goes to the benefit and pension fund of employes.

JOHN ERSKINE FOR AL Columbia Professor and Author Deserts Hoover. By United Press NEW YORK, Aug. 2. John Erskine, Columbia University professor and author of “The Private Life of Helen of Troy," and other best sellers, has deserted the Republican party to support Governor Alfred E. Smith for President. Erskine announced today that he had left the Republican party because he preferred “the temperance of Governor Smith to the prohibition of Herbert Hoover. “Prohibition remains a national scandal,” the author said, “with unpleasant international complications.”

THREE CARS IN CRASH Woman Injured When Autos Mix in Smash-Up Tangle. Mrs. Clarence F. Aumann, 326 N. Emerson Ave., was injured on the arms and body Wednesday night when an automobile in which she was riding with her husband figured in a- three-way accident at Fifty-Ninth St. and Keystone Ave. George Shirk. 2421 Wheeler St., told police he was blinded by the lights on the Aumann car and collided with it. The Aumann car then careened and struck a car driven by John A. Pollard, 1530 N. Illinois St. All cars were badly damaged, but none of the other occupants was Injured. Man, 104, Is Immigrant to U. S. By l nited Press NEW YORK, Aug. 2.—Determined not to spend his entire life in 'me place, Jurgis Skinderis, 104, arrived Wednesday from Tyta venal, Lithuania, to make his home in the .United States, __

The City in Brief

Incorporation papers for the ‘Hair and Scalp Institute of Indiana, Inc.,” were filed with the Secretary of State Wednesday listing 400 shares of common stock with no par value. Lloyd E. Battles, Harry M. Mass and Edward R. Stevenson are incorporators of the firm which will manufacture and sell soaps. Police at Brookville, Ind., asked local authorities to be on the lookout for men who might attempt to pawn eighty suits at local loan offices. The suits were stolen from the Baker Clothing Company at Brookville, Ind., by burglars Tuesday night. Timothy McMahan, motorcycle policeman, injured when his motorcycle skidded while he was chasing a speeder on E. Washington St„ was reported improved in condition at the city hospital today. He was injured on the head and arms. Contract for redecorating walls and ceilings of the first floor corridors of the State house and walls of the fist floor and basement stairways was let Wednesday by the buildings and grounds committee to Hugh H. Ranje, local decorator. Ranje’s bid of $3,945 was the lowest of four, said Orville H. Engle, the Statehouse superintendent. The United States still is the land of opportunity when “boys who had no chance,” like Herbert Hoover and Governor Alfred E. Smith can rise to become presidential nominees, declared Frank C. Dailey, Democratic gubernatorial nominee addressing the Bible Investigation Club at the Y. M. C. A. Wednesday night. James Eldrich. 20, is being held here for Winchester, Ky., authorities, who want him for alleged wife desertion and child abandonment. He was arrested as a fugitive at his room 536 N. Illinois St., where he was said to be living with an 18-year-old girl. The girl is held for vagrancy. Raymond K. Floyd, 21, and Guy Walters, 32, held here for Marion police as fugitives from justice will be returned to that city today. They were arrested by police when found in a car which did not belong to them and contained some women’s silk hose and underwear. They were unable to explain how they came by these things and Marion police learned that they were stolen (■here. Merry Makers Club will meet Tuesday night at the home of Audrey Hapner, 2923 E. Washington St. The last meeting was held at the home of Leona Binkley. 1443 Holiday St. Lottie Davis is president of the Club Employes of the Kramer Manufacturing Company, 233 S. La Salle St., will be guests at a company Welfare Society picnic Saturday at Northern Beach. George Kramer, general chairman, will be assisted by Lawrence Hartman. Eugene Sacks, Charles L Johnson, L. B. Mosimarx. G. B. Lyman. Fred Forey, Edward Kramer, and Avery Gipson. Works in Postoffice 38 Years MARION. Ind., Aug. 2.—Clio P. Maffet, 57, today started on his thirty-ninth year as an employe of the Marion postoffice. When he started to work at the offipe there was a force of eight and today there are sixty-two employed.

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 any 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, Kendallville, Auburn and all points on the Indiana Service Corp. lines for the oneway fare plus ten cents. On sale all day Saturday and Sunday. Good returning until the last cars on Sunday. Specials 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 connections at Peru. Regular round trip fare between Indianapolis and Akron, Warsaw, Winona Lake, Leesburg, Milford and Milford Jnnc- ■ tlon for one and one-half times the one-way fare. LTood until October 1. Special Great Lakes Tours arranged by Union Traction and connecting electric railways. Thonc lUlcy 4301 for full information.

NOTICE! Important Schedule Changes Effective Sunday, August sth Indiaanpolis—Anderson—Muncie Division Muncie—Bluffton Division Anderson—Wabash Division Ask Agent for Time Table, or Call RI ley 4501 for Complete Information

UNION TRACTION

2, 1928

TROLLEY PROFIT DROPSINI92B Earnii>gs Show Decrease Over Last Year. Gross earnings of the Indianapolis Street Railway Company for the six months ended June 30, 1928, showed a decrease of $92,349 from the corresponding period of 1927, the six-months report filed with tha public service commission today showed. Gross earnings for the half-year ended June 30 last were $2,794,017 as compared with $2,701,667 a year ago, according to the report filed by James A. McGowan, secretarytreasurer of the traction company. Net earnings increased from $622,920 to $702,433, a gain of $79,512, but the six-month deficit was $19,602. Transportation receipts for June, 1928, totalled $333,026.50 plus $22,356 for transfers, for a total revenue of $355,383. With a June deficit of $55,851 the total deficit carried by the company to July 1, 1928, amounted to $933,353. Total gross earnings in June wera $413,749, a decrease of $22,697 from the corresponding month a year ago. Maintenance cost was $84,286 and total operating expense, $311,330. Net earnings from operations amounted to $102,419, an Increase of $9,213 over June, 1927. Taxes were $26,364, a decrease of $2,184, Net income was $20,405, an increase off $8,478, but a deficit of $17,861 appeared in the month's net surplus column.

GAINS BY DEMOCRATS ARE CLAIMED IN STATE Polls Are Taken by Headquarters. Officials Confident. Substantial gains in approximately one-third of the counties in the State already polled were claimed by Democratic State Chairman R. Earl Peters today. “We are extremely gratified at headquarters,” Peters said, “upon reports from polls which have been in progress three or four weeks throughout the State. They are far enough advanced now to indicate very material gains for the Democratic ticket, both State and national. “Strictly rural districts are included among the counties already reported. In these the gains are strong, and the same condition, probably even more marked, obtains in counties embracing the larger cities.” Peters said polls indicate little difference in voters' allegiance to the presidential and State candidates, Democratic advances being made in both fields. Negro Slays Muncie Man By Times Special MUNCIE, Ind., Aug. 2.—Earl Cook. 38, was shot and killed by Ed Taylor, Negro, as the climax off an argument at Taylor's home over a quart of liquor. Taylor surrendered to police after he had thrown the revolver he fired into a quarry. Cook, a World war veteran, leaves his estranged wife and a daughter. Rush County Pioneer Dies By I'imcs Special RUSHVILLE. Ind., Aug. 2.—Funeral services were held today for George W. Thomas, 84, last member of one of the families that settled Rush County. He died Wednesday, two weeks after suffering injuries and shock in a fall.