Indianapolis Times, Volume 40, Number 74, Indianapolis, Marion County, 16 August 1928 — Page 12

PAGE 12

STOCKS SPURT AHEAD TO NEW HIGHRECORDS American Can and Steel Lead Upward Trend; Motors Follow.

Average Stock Prices

Average of twenty industrials Wednesday was 219.50. up 5.32. Average of twenty rails was 136.73, up .39. Average of forty bends was 95.69. up .01. Bn United Press NEW YORK, Aug. 16.—Demand continued for leading issues on the stock exchange in early dealings today. The list was steady at the opening, but immediately after the initial prices were printed, American Can started its climb upward, ersosing the 100 mark to anew high for the present shares, Steel spurted to anew high on the movement; General Motors spurted ahead and the whole market followed in the wake of such strong leadership. Goes Over 100 Mark American Can reached 100%, up 1% on heavy turnover. United States Steel opened 3,000 shares at 145% and 145%, up % and % and then ran up to 146. General Motors rose 2 points to 186%, Kroger 2% to 111%, National Cash Register a point to 72, anew high. Warner Brothers pictures, 1% to 81%, anew record, and a long list of others a point or more. Steel issues were strong, following United States Steel upward. Inland Steel was a favorite of the independents, touching 65, up 4 points from the previous close. Radio spurted 2 points. Rails were better with good buying in Missouri-Kansas-Texas and Missouri Pacific. Chrysler Prices Drop Chrysler was a single spot with lower prices, selling off a point to 95% on profit-taking. Describing the market the Wall Street Journal’s Financial review today said: Wednesday’s sweeping advances in the principal industrials used in Dow-Jones averages resulted in a gain of 5.32 points. This remarkable upswing carried the compilation to 219.40, against the record high of 220.96, established June 2. With industrial leaders within striking distance of new high ground, further aggressive buying activities went ahead in the early dealings under strong leadership.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $3,903,000. Debits were $7,795,000. NEW YORK STATEMENT By United Press NEW YORK, Aug. 16.—Bank clearings today were $990,000,000. Clearing house balance was $116,000,000. Federal reserve bank credit balance was $96,000,000. CHICAGO STATEMENT B<i United, Press CHICAGO, Aug. 16.—Bank clearings today were $110,400,000. Clearing house balance was $8,700,000. TREASURY STATEMENT I' n United Press WASHINGTON, Aug. 16.—The treasury net balance for Aug. 14, was $289,921.125.75. Customs receipts this month to Aug. 14, were $23,800,279.52. FOREIGN EXCHANGE IS" United Press NEW YORK. Aug. 16.—Foreign exchange opened irregular. Demand sterling, 54.84%c: francs. 3.9o'Ac; lira, 5.22%c; belea, 13.89%C, off .OOtic; marks. 23.22, up ,00%c. PRISONER IS GIVEN UP Bn United Press BOSTON, Aug. 16. Frank B. Wallace, alias Gustin, will be extradicte'd to Michigan for trial in connection with the murder of a policeman in a holdup at the offices of the Detroit News last June 6. Governor Alvan' T. Fuller late Wednesday granted the request of the Governor of Michigan for Wallace’s counsel that Wallace should remain in Massachusetts for trial on charges pending against him here -was denied. Reward for Furniture Thieves Horatio Davis, R. R. 1, Greenfield, Ind., told police today he is offering $25 reward for apprehension of the persons who stole two handmade walnut dressers and a white porcelain kitchen cabinet from the Westland High School in Hancock County. LETTER CAUSES FIGHT ‘Red Whisky Nose,’ Says Note; Battle Rages in Apartment. When Mrs. Chester Becker, Apt. 4, 412 E. Market St., received a letter calling her “a red whisky nose," the fight was on between the Becker family and Mr. and Mrs. Harry Mack, who live in Apt. 2, at the same address. At 9 p. m. Wednesday the police were called, according to testimony in Municipal court today. At midnight Patrolman Vasse’ Hocioga arrived at the place, havii g been notified at 11:35 p. m., he said. The Macks denied authorship of the letter and testified that both the Beckers hit Mrs. Mack, knocking her down. , Special Judge John Shropshire fined Chester Becker $lO and costs for assault and battery. TRUCK DRIVER IS FINED Judge Assesses Penalty for Collision With Auto. Special Judge Charles Kaelin fined Virgil Goodwin, 202 Minker St„ SSO for improper driving in municipal court today as the result of an automobile crash at Tibbs Ave. and Speedwayl Rd. Goodwin drove his Standard grocery truck into the machine of Alfred Fitch, Brownstown, turning the Fitch car over three times. Fitch was injured slightly and the car demolished. Dies of Cra’sli Injuries LEBANON, Ind., Aug. 16.—Joe Hatfield, 60, is dead of injuries suffered when a buggy in which he was riding was struck by an auto driven by Mrs. A. L. Belden, Fruita, Col., on State Rd. 52.

New York Stocks

’ (By Thomson & McKinnon)”

—Aug. 16— Prev. Railroads— High. Low. 12:00. close. Atchison 189% 188% 189% 188% Atl Coast Line 163 Balt & 0hi0.... 106 V* 105% 106% 105% Canadian Pac ..207% 205% 207% 205% Chesa & 0hi0... 183% 182 183% 182 Chi & Alton ... 10% ... 10% 10% Chi & N West... 82 80% 82 81 Chi Grt West... 12% ... 12% 12% C R I & P 117% 117% 117% 116% Del & Hudson . .191% ... 191% 191 Del & Lacka 130% Erie 53 50% 53 51 Erie Ist pfd .... 57 56% 57 56% Grt Nor pfd 96 95% 96 95% 111 Central ....143% 141% 143% 141', Lehigh Valley ..101% ... 101% 101% Kan City South. 50% 50 50% 48 Lou & Nash 141% M K & T 38% 37% 38 37% Mo Pac pfd ....115 114% 115 115 N Y Central.... 164% 162% 164% 162% N Y C & St L .126 ... 126 124% NY NH & H.... 57% 56% 57% 56% Nor Pacific ... 95% 94% 95% 94% Norfolk & West 178'% Pere Marquette.. .. ... ... 12774 Pennsylvania ... 63% 63% 63% 63% P & W Va 139 Reading 100% 100% 100% 100% i Southern Ry ...14874 147 148% 146 Vs Southern Pac ..121% 119% 121 119% St Paul 35% ... 35% 35% St Paul pfd 46% ... 46% 46% St L & S W 93 ... 92% 92% St L & S F 114 ... 114 113 Texas & Pac ...171% 168 171'% 168 Union Pacific ..194 ... 193% T 92% West Maryland. 43% ... 43 42% Wabash 76 74 76 74 V 4 Wabash pfd 93 Rubbers— Ajax 8% Fisk 10% ... 10 9% Goodrich 76 75V4 76 74% Goodyear 54'% 54% 54'a 54 Kelly-Spgfld 19% Lee 19 United States .. 32% 32 32% 31% Equipments— Am Car & Fdy 90% Am Locomotive. 92 ... 92 92% Am Steel Fd.... 52% ... 52’% 52% .Am B Shoe .... 40% ... 4040% General Elec 152% ... 150% 151% Gen Ry Signai.. 98 ...■ 97 96% Lima Loco ... 41% N Y Airbrake *.. 43 Pressed Stl Car.. 22% .... 22% 22% Pullman 79 74 ... 7874 78% West Air B 44 ... 44 44 West Elec 98% 97'% 97% 97% Steels— Bethlehem 58% 57% 58 57% Col Fuel 60% 60 60% 60 Crucible ... 33% Gulf St Stl 63% Inland Stl 65% 6374 64 61% Phil RC & 1.. 29% 29 29% 29 Rep I & 5t1.... 62% 6274 62% 62% Otis Stl 23 22% 23 22% U S Steel 146 145% 145% 144% Alloy 3374 33% 3374 34 Youngstwn Stl.. 89% 89 89 88-/2 Vana Corp 7274 71% 72 7174 Motors— Am B Mag 3374 33 33 3374 Chandler 22% ... 22% 22% Chrys Corp 96% 94% 95% 96% Cont Mot 11% ... 11% 11% Dodge Bros 19% ... 1874 19% Gardner 10 ... 10 9% Gen Mot 18674 184% 186 184% Hudson 81 7874 81 78% Hupp 62 60 62 60 Jordan 9 ... 9 jj Martin-Parry 17% Moon 7% ... 7% 7% Nash 87 ... 87 86% Packard 83 81% 82% 81% Peerless 15 ... 15 15 Paige 35% 33% 2574 32% Pierce Arrow .... 1374 ..? 13 13’4 Stude Cor 73 74 72 % 72% 7374 Stew War 9274 92 9274 91% Strom Cart ... 50 Timken Bear ...126 ... 121 125 Willys-Over .... 21% 21 2174 21 Kellow Coach .. 32% ... 32 31% White Motor .... 38% 3774 3774 36% Am Smlt & Rfg 201% Ana Cop 66% ... 667n 66 Cal & Ariz 97% 97% 9% 9874 Cerro de Pasco.. 78 ... 7774 777a Chile Cop 44 ... 437a 44 Green Can Cop.. 100% 99 100 I®®-,/ Insp Cod ... ••• -9,® lnt Nickel 101% osi? Keane Cop 9574 95% 95% 9574 Magma Cop .... 50 4974 50 50 Miami Cop 21% ... 217* 20 a Texas Gulf Sul.. 69% 68% 69 68 * U S Smelt 47% 46% 477a 46% Oils— Alt Rfg 165 163 74 1 63% 161% Barnsdale 2474 24% 247* 24% Freeport-Texas.. 61% ... 61% 607* Houston Oil ...140 74 139% 1407a 139 tndp Oil & Gas 26% ... 2674 26% Marland Oil .. 3874 ... 38 37% Mid-Cont Petrol 30% ... 307a 30 Lago Oil & Tr.. 32 Pan-Am Pet 8.. 4274 42% 42% 42 a Phillips Petrol.. 40% 4074 4074 407* Pro & Rfgrs 2474 Union of Cal.. 51 ... 51 50% Pure Oil 23% .. 23% 23% Royal Dutch ... 57 7 4 5774 57 % 57% Shell 267a ... 267a 2U% Simms Petrol 20% Sinclair Oil 27% ... 2674 26% Skelly Oil 31 ... 31 31 Std Oil Cal 5774 ... 5774 57% Std Oil N J.... 46% 45 74 4 6 45% Std Oil N Y 36 74 3 574 36 % 35% Texas Corp.... 63 ... 62% 62% Transcontl 774 77* 774 77a Richgeld 46 74 ... 45 7 a 46 Industrials— Adv Rumely •••. 42 Allis Chalmers ..12774 ... 1?7% 12i Allied Chemical.. 18174 180 1817a 179% Armour A 20 19% 20 19% Amer Can 101% 99% 10074 94 Am Radiator 146% Am Linseed ■■■ ‘O9/a Am Safety Raz.. 65% 657* 65% 65% Am Ice 437a ... 4374 42% Am Wool 16% Curtis 107% 104 107% 102% Coca Cola 160% ... J 60 7a 159 Conti Can 11574 114% 115 ils Certainteed _ ... •■ • 44% Congoleum 2374 ... 23% 23 4 Davison them 53% 53% 53% 53 Davison Chem .. 53% c3% ,52 Famous Players. .138% 13i% 138% 139 Gen Apshalt ... 737* ... 73 74 73,a lnt Bus Mch ... 120 lnt Cm Engr... 60% 59 60% 58% lnt Paper ..... 68 ... 68 b<.4 lnt Harvester ..273% 272 27374 271% Loews 5474 ... 54% 54% Kelvinator t... 974 9 5., 7 Montgom Ward .1947a 192% 194% 192 ,<* Natl C R 72 74 71 74 7 2 71 Pittsburgh Coal. .. ... 49 Owens Bottle... 77 ... 77 <6 ,* Radio Corp 186% 183 186 183 Real Silk 37% 38% 37 35 Ppm Rand .... 25% ... 24*s 25 k Sears Roebuck .129% 127'% 129 J 27% Union Carbide. .16274 161% 162% 159% Univ Pipe 19% ... 19% 19% Victor 96 ... 9574 *95% US. Leather ... 46 45% 46 45% U S Indus Alco. .114 ... I*4 113 Warner Bros ... 86% 857a 88 85 * Wright 154% ... 154% 15172 Utilities— Am Tel & Tel ..175% ... 175 174% Am Express 1 *° I , Am Wat Wks .. 57 56 57 56% Brklvn-Manh T. 6574 6574 60% 6572 Col G & E 116% 1157* 116 11a Commonwealth . 7874 77 78% 76% Consol Gas 146% 14674 146% 146% Elec Pow & Lt.. 3474 ... 34% 34% Nor Am Cos 7174 ... 71% 71,4 Nat Power 3274 ... 32% 3214 Pub Svc N J 55 Va 5474 55V 2 54% S Cal E 46 74 46% 4674 Std Gas & E 1... 66 64 66 64 Utilities Power.. 4074 387a 40% 3574 West Unicn Tel 142 Shipping— Am Inti Corp ... 9674 9 6 96 % 9574 Am Ship & Com , 3% Atl Gulf &W 1.49 74 ... 48 7 a 48*., Inti Mer M pfd. 3574 3474 3574 3474 United Fruit 135 Foods— Am Sug Rfg ... 7074 ... <o7a 7074 Am Beet Sugar.. 22 ... 22 ... Beechnut Pkg 71% California Pkg.. 73 ... 73 71% Corn Products .. 7874 ... 78 % 7874 Cuba Cane Sup. .. Cuban Am Sug.. 1874 ... 18% 1774 Cudahy 73 ... 73 72 Fleischmann Cos. 7074 ... 7074 70 Jewel Tea 124 74 ... 124 123 Jones Bros Tea. .. ... ... 2774 Natl Biscuit ....167 166 74 167 167% Nat Dairy 8274 82 % 82 74 82 Postuni Cos 65 74 ... 65% 6574 Ward Baking B 17% Tobaccos— Am Sumatra ... 6574 ... 6574 65 Am Tobacco ....159 ... 159 158% Am Tob B 160 Con Cigars 9174 ... 91% 9174 General Cigar... 59% ... 59 74' 60 Lig & Meyers... 88 ... 88 8774 Lorillard 29% 2874 29% 2874 R J Reynolds .. .132% ... 132 131% Tob Products B. 98% ... 97% 97 i United Cigar St. 237* ... 2374 23'% i Schulte Ret Strs 59'/a ... 59% 64%

In the Stock Market

(Bv Thomson 6s McKinnon) NEW YORK, Aug. 16.—A brighter stock market situation faces traders this morning. There is the very satisfactory trade outlook combined with an easier credit situation. The change in money conditions is credited to the belief that the Federal Reserve has or will shortly begin the purchase of Government and other instruments of credit. If for this or any other reason there should be money in sight to remove the uncertainty with which we have been recently confronted, then the market should act naturally. There should be some semblance of a trend rather than the uncertainty ot direction which has been prevalent. The immediate prospect for the market looks brighter.

HOGS STEADY, HOLDING TOP PRICEOFSI3 Cattle and Sheep Remain Unchanged on Local Market. Aug. Bulk. Top. Receipts. 9. 1i.004i:11.95 12.00 4,000 10. 11.25(3-12.00 12.00 4,500 11. 11.25@ 12.15 12.25 4.000 13. 11.25® 12.25 12.25 4.000 14. 11.50®12.40 12.50 6.000 15. 12.35(3,12.90 13.00 4,500 16. 12.75® 12.90 12.90 5,000 Hogs were about steady today with Wednesday’s average at the Union Stockyards today with slightly higher receipts, the top hanging at sl3 in a full market. Receipts were estimated at 5,000, with 300 holdovers from Wednesday. Material in the bulk weighing 150-280 pounds sold at $12.35 @12.90. Beef steers were steady, selling at [email protected]. Cattle sold steady in an unchangd market. Sheep and lambs, were steady and unchanged, bulk fat ewes selling at $5 @6. Chicago Market Higher The Chicago hog market opened fairly active to shippers and traders, selling 10 to 15 cents higher than Wednesday’s average, with a few choice sales weighing 180-240 pounds bringing $12.80 @12.90, with few holding higher. F.eceipts numbered 16,000. Heavy butchers, 250-350 pounds, sold 10 cents higher cn the top at sl2@ 12.50 on the local market, while material 200-250 was steady, selling at [email protected], 160-200 pounds sold for [email protected] with a 10-cent drop, 130-160 pounds brought $11.85@ 12.50. 90-130 pounds selling at $9.50 @11.25 and packing sows sold steady at [email protected]. Beef steers were steady in an unchanged market, with receipts numbering 1,000 head. Steers sold at $13.50@ 16.25, beef cows sold at $9 @11.50, low’ cutter and cutter cows [email protected] and bulk stock and feeder steers brought sß@l2. Vealers Up 50 Cents Best vealers sold for sl7@lß, 50 cents higher on the top and heavy calves, s7@ll. There were about 500 animals received. Sheep and lambs sold steady, with I, animals in the pens. The top was sl4 and bulk fat lambs sold for [email protected]. Bulk culls were sß@ 10.25 and fat ewes [email protected]. —Hors— Receipts. 5,000; market, steady to irregular. 250-350 lbs $12.00012.50 200-250 lbs 12.35(012.90 160-200 lbs 12.750 12.90 130-160 lbs 11.85(012.50 90-130 lbs 9.504711.25 Packing sows 10.25(011.25 -CattleReceipts. 1.000; market, steadv. Beef steers $13.50'.; 16.25 Beef cows 9.00® 11.50 Low cutters and cutter cows.. 5.50® 7.50 Bulk stock and feeder steers. 8.00(012.00 —Calves— Receipts, 500; market, steady to higher. Best vealers $17.004718.00 Heavy calves 7.00 011.00 —Sheep— Receipts. 1.200; market, steadv. Top fat lambs $14.00 Bulk fat lambs 12.75(013.50 Bulk fat lambs 12.75® 13.50 Fat ewes 4.50® 6.50 Other Livestock Bp United Press TOLEDO. Aug. 16.—Hogs—Receipts. 200: market. 10® 25c up; heavies. $12.25® 12.50; mediums, $12,904/13; Yorkers. $12.75'.; 13.25. good pigs. sl2® 12.50. Cattle—Light; market, slow. Calves—Light; market, strong. Sheep and lambs—Light; market, slow. By United Press EAST BUFFALO. Aug. 16.—Hogs—Receipts. 600; holdovers. 500; market, active. 10®15c up; 250-350 lbs., $12.40®13; 200250 lbs.. $134/13.35; 160-200 lbs.. $13.10(0 13.35; 130-160 lbs., $12.75® 13 35; 90-130 lbs., $12.50(0 13.25: packing sows. $10.75® 11. Cattle—Receipts. 250; calves. 50; market, steady; beef steers, $12.50® 16.35; light yearling steers and heifers. sl4'.; 16.75: beef cows. $8,254; 10.25; low cutter and cutter cows. $5.150 7.25: dealers, $17.50 4/18, Sheep—Receipts. 100: market steadv; bulk fat lambs. $14,250 14.75: bulk cull lambs. $9.25(011: bulk fat ewes, $5.50®7 By United Press CLEVELAND. Aug. 16.—Hogs—Receipts, I. market, steadv to 15c up. top. $13.25; 250-350 lbs.. $12.25'.; 12.85: 200-250 lbs.. $12,854; 13.10; 160-200 lbs.. sl3'./T3.25; 130-160 lbs.. $l3O 13.25: 90-130 lbs.. $l3O 13.10: packing sows. slo® 11.50. CattleReceipts, 350. Calves—Receipts. 350: market cattle steadv: beef steers. $114(12.75; beef cows. $7.25(09: low cutter and cutter cows. $5,504/7:. vealers, $16,504; 19.50. Sheep—Receipts. 600: market, steadv to strong; top fat lambs. $14.50: bulk fat lambs. $l4O 14.50; bulk cull lambs, $10.50® 11. bulk fat ewes. ss® 7. By l nited Press CINCINNATI, Aug. 16. -Hogs—Receipts. 3.000: holdovers. 885; market. 10';; 15c up; 250-350 lbs.. $11.500 12.50; 200-250 lbs.. $12.25';; 12.85: 160-200 lbs.. sl2'.; 12.85: 130160 lbs., 5i1.250 12.50; 90-130 lbs.. $10.25® 11.75: packing sows, $9.250 11. Cattle— Receipts, 600: calves. 500: market, steady; beef steers $11(;;15; light yearling steers and heifers. $114; 15: beef cows. $7,504/ 10; low cutter and cutter cows, $5.500 7: vealers. $13.500 17: heavy calves. SIOO 14; bulk stocker and feeder steers. 10.500 11.50. Sheep—Receipts, 2.400: market, steady; top fat lambs. sls; bulk fat lambs, $l2O 14.50; bulk cull lambs. SBO 10.50; bulk fat ewes. $4,504; 7. till United Press PITTSBURGH. Aug. 16.—Hogs—Receipts. 1 800: market, steady; 250-350 lbs.. $12,250 13.10; 200-250 lbs.. $12.750 13.25; 160-200 lbs.. $12.500 13.25; 130-160 lbs., $11,500 13.50: 90-130 lbs.. $114; 12: packing sows. $104(11. Cattle—Receipts, none: calves. 100; market, veals. 50c up; beef steers. sl2 4; 15.30: light yearling steers and heifers. $10,504/15: beef cows. SBO 10.50; low cutter and cutter cows. $54/7.50: vealers. sls 4; 19: heavy calves, S9O 15. Sheep—Receipts 500; market, steady: top fat lambs. 14.75: bulk fat lambs. $134; 14.75; bulk cull lambs. $88112: bulk fat ewes, ss®>7. Bn Times Special LOUISVILLE. Aug. 16.—Hogs—Receipts. 900; market, steady; heavy and medium hoes. 180 lbs., up $12.50; pigs and lights. 180 lbs. down. $8.50®>11.10: stags and throwouts. $9,404; 10. Cattle—Receipts, 300: market, steadv: prime heavy steers. sl3 ®ls: heavy shipping steers. $12,504; i3. medium and plain steers. $10(;i) 12.50: fat heifers. $7,504*13.50: choice cows. $8,504(10.50; medium to good cows. $6.504t> 8.50; cutters. $5.50(5)6.50: canners. sso' 5.50; bulls. $64;9: feeders. $9011.50: Stockers. SB4/1t.25 Calves—Receipts. 300; market, rjeadv: good to choice. $13415 medium to good. $114713: outs. sll down. Sheep—Receipts. 1.500: market, steadv: lambs. $12.50013; choice. $13.50; seconds. SBO 8.50: sheep. $8(0 6: bucks. $3473.50. Wednesday’s shipment: Cattle. 97: calves. 102: hogs. 436: sheep. 1,000. By United Press FT. WAYNE, Ind.. Aug. 16.—Hogs—Receipts. 100; market, 25 to 35 cents higher; 90-110 lbs.. $10.25: 110-130 lbs.. $11.25: 130-140 lbs.. sl2; 140-160 lbs.. $12.50: 160180 lbs.. $12.75- 180-200 lbs.. sl3: 200250 lbs.. $12.75* 250-300 lbs.. $12.25: 300350 lbs.. sl2: roughs. $lO to $10.50: stags. $7.50 to SB. Calves—Receipts. 25; market. $16.50 down. Sheep—Receipts. 100market lambs, $12.75 down.

In the Cotton Market

NEW YORK. Aug. 16.—1f they can get the market over 1900 cents we figure there is something going on. that w ; e don't see. Real deterioration, or very effective bullish propaganda We feel bearish, but something tells us to be cautious. It was about this time that the big decline began in 1926. The southern crowd was very bullish, but hedge sales were too much for them. We don’t have to guess about that. Somebody will have to buy a lot of cotton to prevent a decline. lin United Press NEW YORK, Aug 16.—Cotton futures opened lower. Oct.. 18 60, off .26: Dec.. 18.70. off .23; Jan.. 18.68, off 20; March. 18.82. off .19; May, 18.80, off .23; July. 18.75, Off 23.

THE IN DIAJSi AHOLIS TIMES

Produce Markets

Butter (wholesale price) No. 1,48049 c; No. 2, 46(®47c lb. Butterfat (buying price)—46@47c lb. Cheese wholesale selling prices, per pound)—American loal. 36c; pimento loaf. 36c: Wisconsin flat, 29c: prime cream. 32® 34c: flat Daisy. 27c: Longhorn. 27c: New York Limberger. 30c. Eggs—Buving prices: Fresh delivered at Indianapolis, loss off. 26(428c doz. Poultry (buving prices)—Hens. 20®220; Leghorn hens. I4<£lsc: 1928 spring, large breed, lbs. and up. 28@30c: 1%®)1% lbs., 24525 c; Leghorns, 23@25c: old roosters, larße, ll®12c: small. 10c; ducks. 10c; geese, 8c: guineas, voung. 50c: old. 35c. By United Press NEW YORK. Aug. 16.—Flour—Quiet and unchanged Pork—Steady. Mess—s33.so. Lard—Easier. Midwest 5p0t—512.600.12.70. Sugar—Raw, firmer; spot 96 test, delivered duty paid. 4.24 c. Reflined —Firm; granulated. 5.55 c. Coffee—Rio No. 7, on spot, 17(0 17%c; Santos No. 4, 23%(024c. Tallow —Steady; special to extra. B®B%c. Hay —Quiet; No. 1. $1,250 1.30; No. 3. 80c@ Si.os: clover. 75c4; $1.20. Dressed Poultry —Fi r m; turkeys. 244; 47c; chickens, 264; 48c; fowls. 164; 34c; ducks, 184; 19c; Long Island, 23c. Live Poultry—Firm; geese, 104 15c; ducks. 140 24c; fowls. 224; 31c; turkeys, 204; 25c: roosters, 16c; broilers, 250 38 c. Cheese—Steady; State whole milk. 25(026%c; young Americas, 26(ji26%c. Potatoes—Lon Island, $1,754/2.25; Jersey. $1,604/2: Southern, 75c(a52.25; Sweet Southein. $20.8. By United. Press CLEVELAND. Aug. 16.—Butter—Extras In tub lots. 48 0 50c: extra firsts, 44 %@ 46%c; seconds. 40%4;42%c. Eggs—Extras, 37c; extra firsts, 34%c: firsts, 31c; ordinaries, 27%c. Poultrj’—Heavy fowls, 280 30c; medium. 27'.; 28c; leghorns. 20 0 22c; heavy broilers. 36(0 38c: Leghorn broilers, 27(®30c; ducks. 204; 24c: geese. 15® 17c; old cocks. 15017 c. Potatoes—U. S. No. 1. cloth top. stave barrels, Virginia, $2.40 ®2.50.

Commission Row

PRICES TO RETAILERS FRUITS Apples—New fancy* Transparents. *2 basket; Duchess, $1.50 01.75; fancy barrel apples seasonable varieties. $5.50: new fancy basket apples, seasonable varieties. $1.50(01.75 crate. 40 lbs. Blackberries—s3, 24-qt. crate. Cantaloupes—Home grown. $1®1.15 flat crate; $2.25 large crate. Cherries—Northern, $3.50, 16-qt. crate. Currants—s2.so. 16-qt. crate. Dewberries—s 2, 16-qt. crate. Gooseberries—lndiana. $5. 24-qt. crate. Grapes—California Malagas. $1.75 crate. Huckleberries Georgia. $7.50. 24-qt. crate. Lemons—California. *7.5008 crate. Limes—Jamaica. $1.75472.25, 100. Melons—Honey Dew, California. $4.7505. Oranges—California Valencias. $709.25 crate. Peaches—Southern, $1.75@2 crate. Pears—Bartlett, $2.75. Plums—California $2402.50 crate. Watermelons—Florida. 40®,60c each. VEGETABLES Beans Home-grown stringless. $2.25 bu.; Kentucky Wonders. $101.25. Beets—Home grown. 35c doz. Cabbago—Home grown, $1.25 bbl. Carrots—Louisiana. 35c doz. Cauliflower—Home grown. 51.25® 1.75 bu. Celery—Michigan. $1.25 crate. Corn—Fancy home grown. 15®25c doz. Cucumbers grown, 505075 c doz. Eggplant—s2.so® 3 doz. Kale—Spring, 60c bu. Mustard—Fancy, home grown. 60c bu. Okra—Tennessee. $1 basket. Onions—Home grown, green, 250140 c doz.: Kentucky yelTow, *202.25 bag; homegrown yellow. $1.25. 50 lbs.; white, $1.50. Parsley—Home grown. 50c doz. bunches Peas—New York, Telephone. $3.50 bu. Peppers—Home-grown Mangoes. $101.50 bu. Potatoes—Virginia cobblers, $2.75403 bbl.; fancy home grown. $2.7503 bu. Radishes—Hothouse, Button. 6bc doz. bunches. Rhubarb—Home grown. 35c doz. Spinach—Fancy home grown. $1.35 bu. Sweet Potatoes—s2.so hamper. Tomatoes—Southern Indiana. $1.25, 18 lbs. Turnips—New. $1.25 bu. MISCELLANEOUS ( Cider—s4.so 6-gal. case: $4.75 doz.. %- Garllc-k-Californla. 20c lb.

Local Wagon Wheat

Local grain elevators are paying $1.23 for No. 2 red wheat and 98c for No. 2 hard wheat. Other grades are Durchaseo on their merits. REBELS ARE ROUTED i Marines Advance Following Skirmish. Bn United Press MANAGUA. Nicaragua. Aug. 16 The Marine patrol under command of Captain Edson continued its advance against the scattered rebels of Gen. Augustino Sandino today, after a recent combat in which four rebels were killed. one wounded and five captured. The attack occurred near Espanolita as Edson advanced with his small detachment. The engagement was brief. None of the marines was injured. A week ago the marines and the rebels engaged in a brief skirmish with one marine being killed and three others injured. LOST AT SEA IN STORM Two Ships Report Casualties During Pacific Blow. Pit L nited Press SAN PEDRO. Cal., Aug. 16.—Several seamen were lest when a terrific storm swept the Pacific off the coast of Mexico on Aug. 8, it was revealed here today. The Mystic Line freighter William A. McKenney reported on arriving in port that “some men” and a part of its lumber cargo had been washed overboard in the storm. The Swedish motorship Santos lost its second officer. Other Livestock Bn i nited Press CHICAGO. Aug. 16.—Hogs—Receipts, 16.000: market opened mostly 10(;;20c highei; later trade slow, mostly steady; packing sows at advance: top. sl3 paid for two loads of choice 190-210-lb. weights. Butcher medium to choice. 250-350 lbs.. $11,854; 12.60; 200-250 lbs.. $124/13; 160-200 ’bs.. $11,754( 13; 130-160 lbs., $12,254/ 12.80: packing sows. $10.500 11.75; pigs, medium to choice. 90-130 lbs.. $10,754; 12.25. Cattle —Receipts. 1,000 Calves—Receipts. 2.500; choice steers and yearlings scarce; strong on account; bulk, [email protected]; in-between crades slow; she stock and Dulls mostly steady; vealers strong to 50c higher; slaughter classes, steers, good and choice 1300-1300 lbs.. $14,254; 16.60: 1100 1300 lbs.. $14.250 16.75; 050-1100 lbs.. $14.500 16.90: common and medium. 50 lbs.. s9'; 14.50 fed yearlings, good and choice. 750-950 lbs. $14,504/ 16.85: heifers, good and choice 50 ibs. down. $14,100.16.65: common and medium, $8,504; 14.35; cows, good and choice, $9.500 13: common and medium. $7,754(9.50: low cutter and cutter, $6.25 4/7.75; bulls, good and choice (beef), $9.75 4; 11; cutter to medium, $7.25(0 9.75; vealers (milk fedl. good and choice. $16.500 18.50; medium. $13.50(016.50; cull and common. SB4/ 13.50; stocker and feeder stockers good and choice (all weights). $11.75(0 13.75: common and medium. $9,504( 11.75 Sheen—Receipts. 17.000; feeding lambs steady to 15c lower: most natives showing little change: quality on range lambs improved: yearlings slow; aged shep steady: light and handyweight feeding iambs firm at Wednesday's advance: some slowness on medium to good offeringslambs, good and choice. 92 lbs. down sl4 0 15.15: medium. $120.14; cull and common. $8,254; 12: ewes, medium to choice 150 lbs down. $4,504/7.50: cull and common, $1,750 5.50; feeder lambs. ood and choice. $13,650 14.25. Bn United Press CHICAGO. Aug. 16.—Poultry—Receipts, 3 cars: fowls. 28® 29c; Leghorns. 24cducks, heavy 18c. small 15c. young 25c; geese, 14c: young. 19c: turkeys. 20croosters. 19c; broilers. 32c. Chees—Twins 24%c: young Americas. 25c. PotatoesMarket slightly weaker; arrivals. 143- on track. 214; In transit, 630: Kansas and Missouri sacked Irish cobblers. U. No 1 704; 80c: mostly 754; 80c: Virginia barrels. Irish cobblers. U. S. No. 1. $2.65. Eggs— Receipts. 9.223: extras. 314;31%c: firsts 20 I >®o0 1 :C: ordinaries. 27®28%c: seconds. 234; ?6c. Butter—Receipts. 6.628: extras. 46c: extra firsts. 41%® 45c; firsts. 43® 44c; seconds, 41®,42Vic; standards, 45%c.

GRAIN FUTURES SENT DOWN BY GOQDWEATHER Prospect of Late Frost Hits Wheat as Canada Thrashing Starts. By United Press CHICAGO, Aug. 16.—Optimistic crop reports, aided by weak Liverpool quotations, sent wheat lower today on the Board of Trade. Liquidation continued in September corn and the deferred deliveries weakened. Oats followed the downturn. Wheat opened 1 to 1% cents lower. Corn was down % to 1% cents, and cats was off r 8 to *4 cent. Provisions were slightly higher. Higher temperatures in Canada Wednesday dispelled fears of frost damage and together with increased hedging pressure sent wheat sharply lower. Harvesting was begun at several points in Canada under ideal weather conditions. A severe wind and rainstorm played havoc with crops in North Dakota. Reports of heat damage to com in Nebraska and Ilinois were factors in the strength of the deferred deliveries. September suffered from liquidation. September and December oats sold at new lows on the crop. Cash interests bought on a moderate scale. Chicago Grain Table —Aug. 16— WHEAT— Prev. • High. Lot. 12:00. close. Sept 1.11% 1.10 1.11% 1 114, Dee 1.16 V* 1.15% 1.16% 1.18% May 1.23 1.22 1.22% 1.23% CORN— Sept .87% .84% .86% .86% Dec 74 .73 .73% .73% Mar 76% .75% .76% .76% OATS— Sept 36% .36% .36% .36% Dec 39% ,39% .39% .39% Mar 41% .41% .41% .41% RYE— Sept 94% .9' % .94% .95 Dec 97% .96 97% .97% Mar 1.00 .99% 1.00 1.00 LARD— Sept 12.35 12.27 12.35 12.25 Oct 12.45 12.45 12 40 Dec 12.70 12.70 12.55 RIBS— Sept 14.40 14.40 14.25 Oct 14.10 14.10 13.85 Bn Times Special CHICAGO. Aug. 16. Carlots: Wheat, 224; corn. 24; oats. 246; rye. 1. NAB BANDIT SUSPECT

Implicated in Road Holdups and Shooting. William (Billy) Thayer, 22, of 1304 College Ave., whom police a first thought was the bandit shot by Lieut. Fred Drinkut after a series of automobile holdups on the National Rd.. July 17, was captured today. The bandit shot turned out to be Thayer's partner. Edward Reiter, 23, of 1540 Lexington Ave. Police have been on Thayer’s trail since before the shooting of Reiter and Robert Longstaff. 321 E. Tenth St., who was wounded and died the next day. Patrolman William Hough arrested him near his home. Thayer is held in a separate cell. His bond was placed at SIO,OOO. With two dead and Thayer held, police believe they arc well on the way of rounding up the sank of nint that staged the July holdups. Thayer is an ex-convict, having been convicted in Crawfordsville with Reiter for automobile theft. DEATH INQUEST HELD Coroner to Hold Hearing in Green Mill Shooting. Coroner C. H. Keever. who returned from a vacation in Canada today, set Tuesday morning for the inquest in the fatal shooting of Terrence King, rum runner, at the Green Mill barbecue last week. Keever was informed by detectives today that two Negro waiters, witnesses in the case, are missing. They are Harry Jewel, 450 N. Senate Ave., and William Terry, 534 N. Senate Ave. They were scheduled to appear in municipal court today, where all persons held on vagrancy charges as material witnesses had their cases continued until Oct. 16 and remain under SI,OOO bonds. Gladys De Vore and Margaret Ford, both ot 1115 N. Illinois St., who were with King and Phillip Smith at the time of the shooting, appeared before Special Judge Shropshire Smith to have their cases continued. Mrs. Bessie Gipprich, operator of the Green Mill, also appeared. ‘RIOT’’ CASE IS DELAYED Ravenswood Fight Case Will Be Heard Sept. 6 in Court. John Wise. 30 of 1749 Olive St., was arraigned on assault and battery charges and his case continued until Sept. 6, in Municipal Court today. The charges grew out of a free-for-all fight at Ravenswood some time ago in which Patrolman Frank Dilatore was badly beaten with a black jack A riot call came to headquarters and police and deputy sheriffs were rushed to the scene. _ Chester. William and Roy Wise and Carl Martin, all of Smith’s Woods, were arrested at the time and their cases postponed until Sept. 6, but John Wise escaped and was not caught until Wednesday night. 50TH YEAR CELEBRATED Prince & Whitely Employes Given $250 Bonuses. lip United Press NEW YORK, Aug. 16.—Prince & Whitely. stock exchange house, today celebrated the fiftieth anniversary of the founding of the company. Employes who have been with the firm two years or more were given a bonus of $250 each in commemoration of the event. Prince & Whitely’s main offices are in New York, but the company maintains branches in Chicago, Akron, Cleveland, Philadelphia, Newark, Albany, Hartford, New Haven and New Britain.

Woman ‘Adolphe Menjou ’ Wins Fight With Bosses

'Squawks and Squawks’ to Top of Organization; Gets Own Way. Dorothv Mackail! BY DAN THOMAS NEA Service Writer HOLLYWOOD. Cal., Aug. 15.—The feminine Adolphe Menjou! That's what they are beginning to call Dorothy Mackaill around the film colony. Menjou is more or less famous in the kleig clan for his bolshevistic tendencies. He seems to get huge enjoyment out of putting his bosses on the “pan." And now Dorothy is following right along in his footsteps. It seems that a few months ago “Dot" got pretty sick of the way things were going at the First National studio, where she is under contract. So she started “blowing off" first to one executive and then to another. i She wanted this and wanted that —but she didn't get this and she didn't get that. So when Richard Rowland, vice president, put in his appearance on one of his visits from New York, Dorothy went to him and started “squawking.” That last “squawk” had its result. “The Whip," featuring Miss Mackail). was just about to go into production. Dorothy didn't like the treatment of the story and hadn’t liked it since the script was first handed to her. Production was delayed another week and the script done over again according to the actress’ liking. And all because she pulled an “Adolphe Menjou.' Building Permits N. Wafilev. furnace. 1640 N. Meridian. sson M. X Erivin. dwelling. 3307 N. Sherman. $3,300. E. F. Morn, dnellina and xaraße. 3430 Garden. $3,400. H Dollman. floor. 227 N. New Jersey. $450. C. Goins, dwelling. 965 N. Rochester. $2.n00. H. B. Prieshoff. reroof. 1034 Blaine. F. Metwier. qaraee. 439 N. Grant. S3OO. J. F Folic, dwelline and sarage. 3848 Barth. $4,800. J. F Folk, dwellins and sarase. 3842 Barth- $4,800 H. G. Chenowetli. dwelllnq and yaraee. 965 Campbell. $5,750. Puritan Finance Company, dwelling and enrage. 2745 Barth. $2,200. Puritan Finance Company, dwelline and earaee. 1421 Shephard. $1,750. , B H Smith earase. 3617 E. Washington. $393. E. C Drummond, earaee. 2814 N. Olnev. $325 A. G. Alberstis, earaee. 2811 Brookslde. $245 P. Lehner. earaee. 1255 Union. $419. F. A Schuehle. earaee. 3545 Kenwood, *390 Advance Paint Company addition. 521 W. MeCartv $2,500. T. Duncan, porch. 6026 Colleee, SSOO, Bethlehem Primitive Baptist Church, church buildlne Fifteenth and Yandes. $85,000. R. Morean. earaee. 1742 W, Minnesota. S2OO. C. Olsen, dwelline and earaee. 940 Campbell. $5,800. Births Twins Harrison and Ella Boyce. 1904 Martindale. eirls. Girls James and Lulu Jeter. 1131 N. Belmont. William and Myrtle Ferguson. 2348 Schofield. Mabron and Birdie Haynes. 1708 Arsenal. Earl and Vada Biddlson, 1411 Rembrandt. David Rnd Marv Kellar. 1440 S. Pershing. Charles and May Leeds. 1241 W. ThirtySixth. Harry and Marie Behnke. 909 E. Twen-ty-Second. Bertie and Lula Bartley, 1657 S. Delawa re. Edgar and Ann Duzan. 1314 B. Pershing. Dewey and Pearl Fordyce, 12J2 Orange. John and Ila Young. 1442 S. Richland. Nathaniel and Matilda Durham. 1245 S. Pershing. Bovs Stephen and Gladys Richards. 2896 Sutherland. John and Jennie Segraves. 2434 Arsenal. Sylvester and Rosa Barber, 1527 Yandes. Alvin and Norma Kessler. 1325 N. Olney. Elmer and Lela Stewart. 845 S. Warman. Wayne and Roxie Leavlt, 2753 Ashland. William and Helen Jackson. 314 W. Wilkins. Scott and Rachel Baber. 1724 Cottage. Deaths Marjorie Marie Elsev. 8 months. 1202 N Haugh. gastro enteritis. Mary Pendergast Wilson. 57. 1004 N. Pennsylvania, acute uremia. William McCord. 76. Central Indiana Hospital, chronic myocarditis. Armintha Patterson. 5 months, city hospital, enteritis. Thomas R. Rubush. 74. Christian Hospital. broncho pneumonia. Harvev Fisher. 71, Fifty-Second and Carrollton myocarditis. John L. Boes 60. Central Indiana Hospital. chronic gastritis. Catherine Parsons, 84. 1820 N. Illinois, chronic pleuritis. Marv Emma Stewart, 54. Methodist Hospital. acute thyrotoxicosis. Margaret O'Hara. 77. St. Vincent Hospital. broncho pneumonia. Lucv Tavior Rav, 71. 226 Smith, carcinoma. SUGAR OPENING tin United Press NEW YORK Aug. 16.—Sugar futures opened steadv. September. 2.36. up .01; December. 2.50. up .02; January. 2.51. up .02: March. 2.50. up .01; May, 2257; July. 2.62. off .02.

TOPEKA PLANS GURTISJPARTY City Dresses Up for Speech of Notification. Bn United Press TOPEKA. Kan., Aug. 16.—With 25,000 visitors expected here Saturday, Topeka, home town of Senator Charles Curtis, today was planning a party. For at that time Curtis, former jockey, woodsman, scout, plainsman, will be notified that he is vice presidential nominee of the Republican party. A canopied platform in front ot the Statehouse is being built. On this platform will sit fellow Senators. Governors. Representatives and members of the Republican nati<sha! committee. Four huge band stands designed to hold eight bands will stand at intervals of a block on Kansas Ave., the main street. The bands will play from 9 in the iorning until the ceremonies start at 5 in the afternoon. The Kansas national guard, reserve officers and boy scouts will help control Kansas ’biggest crowd Among this crowd will be business men froifr New York already on their way: visitors from Kansas City; all friends of Charley Curtis. Twenty-five airplanes from Wichita and Kansas City will bring guests Home-town friends and a few Republicans are paying for the “dressing up" of Topeka for the ceremonies. OPERATION DELATED Siamese Twins Balk at Publicity. Bit United Press NEW YORK. Aug. 16.—Until the newspapers stop printing stories about them, the Siamese twins will remain joined together. When the' publicity ceases the twins may undergo an operation to sever the bony structure whjph joins them at the base of the spine. That was the burden of Dr. Francis Westons’ latest statement regarding Mary and Margaret Gibb of Holyoke. Mass., on whom he planned to perform the unusual operation today. Dr. Weston said the “sensational nature of the publicity” had disturbed the twins as well as their parents and that because of their nervous condition he would not attempt the operation until the publicity ceased. SMITH’S RUNNING MATE TO ENTER RACE AS JOE Robinson Places Nickname on Acceptance Talk Invitations. Bn United Press WASHINGTON, Aug. 16.—Not to be outdone by A1 Smith in the details of popular appeal, Senator Joseph T. Robinson will officially enter the fall campaign as “Joe.” Invitations to notification ceremonies for the Democratic vice presidential candidate were issued today and the candidate apperas in big black type, as Hon. Joe T. Robinson. The senior Senator from Arkansas has always appeared in the congressional directory as Joseph Taylor Robinson, and has been known as Joe only to his close friends in the Senate. Joe will be notified of his selection to make the race with A1 at Arlington Hotel, Hot Springs, Ark., on Aug. 30.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW PORK 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

AULT, lb, 1928

SUB SUNK BY ' I SOVIETS AFTEB WAR IS RAISED British Craft Is Salvaged From Baltic; Find Skeletons. BY EUGENE LYONS* Ynitfd Press Staff Correspondent MOSCOW. Aug. 16.—An almost forgotten tragedy of the World War was brought to light today through-, the recovery from the bottom of the Baltic Sea of the rusted hulk of the lost British submarine L-55, and the crumblink skeletons of some of her crew. The fate of the L-55 never was known in detail, but an official government announcement here today said examination of the hulk led to the belief that every member of her crew perished when she was sent to the bottom by a Russian destroyer on June 4, 1919. Skeletons Found Available records in London failed t odisclose detailed information on the L-55 today. She is not listed in the customary records of marine disasters, and is mentioned in Jayne's’ “Fighting Ships” only as “lost.” The Admiralty offices in London were closed on account of a holiday, and British official sources were not available. The L-55 was salvaged by the Russians and taken to the Kronstadt base. The official announcement said unidentified skeletons were found in the inner compartments of the submarine. The number was not given, but it was not; believed that any of the s'ubj marine’s complement escaped. Sunk After War | Official information here in Mosj cow gave details of what happened I to the L-55 during the Baltic Sea, ! operations after the armistice. On j June 4, 1919. the fort at Kronstadt reported a fleet of four English minesweepers in Kaprosky Bay, with a submarine periscope showing near them. \ The Russian destroyers Agart and Gavril were sent in pursuit. Shots were fired at the periscope. An explosion followed and the subj marine appeared no more. The war department announced ifc ' was studying the rusted hulk to de- | termine the conditions under which i the L-55 sank. ROGER S FUN ER A L~H ELD Dry League Secretary Is Buried After Church Services. Funeral services were held today for Carl F. Rogers, 40 N. Boltort Ave.. field secretary of the Indiana Anti-Saloon League, who died Monday. Services were held at the Irvington M. E. Church. Burial was in Washington Park cemetery. Dr. O. W. Fifer, superintendent of the Indianapolis district of ths Methodist Episcopal Church officiated and the Masonic lodge, of which Mr. Rogers was a member, was in charge of the services. He formerly was Indianapolis representative of the Oliver Chilled Flow Works. He was appointed field secretary for the Anti - Saloon League in 1924. Surviving are the widow and two sons, Kenneth and Ralph Oren Rogers. GERMAN SHIPPING GAINS Moves to Fourth Plpee With Launching Two Great Ships. By United Press BERLIN, Aug. 16.—Germany j moved to fourth place in world shipping this week with the launching by the North German-Lloyd line of its two great sister ships. Europa and Bremen. Germany is only slightly behind Japan, which is trailing the two great maritime nations, the United States and Great Britain. Last year Germany was in sixth place, behind Italy and France. PRISON HIS HOSPITAL 1 Judge Sentences Man to 30 Days at State Farm. Douglas Davidson, 25, Negro, 2009 Yandes St.„ was given 30 days at Indiana State Farn to let his wounds heal when he a opeared with hia head swathed in bandages in municipal Court Three today. Davidson pleaded guilty to a petit larceny charge. He was accused of stealing three dresses from Mrs. James Maddox of the Yandes St. address. He told John Shropshire Smith, special judge, he had been in a fight and thus the bandages. * “Those wounds will heal in 30 days on the farm,” Judge Smith declared and added a $lO fine. RELIEVE PAIN BY MOVIE Dentist Shows Comedy to Fatients While Extracting Teeth. BOSTON, Aug. 16.—Movies may pave the way to painless dentistry. A motion picture comedy was tested as a pain-killer in an experiment conducted by Dr. James H. Daly of Tufts College at the Tufts dental clinic here. Patients watched the movie on a screen in front of the dentist chair while teeth were extracted or filled. Dr. Daly said the movie proved almost as effective as local anesthetics, j and expressed the opinion that the ! motion picture might find a permaI nent place in the dental office.