Indianapolis Times, Volume 40, Number 75, Indianapolis, Marion County, 17 August 1928 — Page 25

AUG. 17, 1928.

DROP IN LOANS CAUSES STOCKS TO SET PEAKS Steel, Motors, Rails Lead Spurt Ahead During Bullish Trend.

Average Stock Prices

Average of twenty industrials Thursday was 221.34, up 1.94, new high. Average of twenty rails was 138.18. up 145. Average of forty bonds was 95.74, up. .05. By United Press r NEW YORK, Aug. 17.—Stocks responded readily 1 i the decline of $50,654,000 in brokerage loans announced after the close Thursday. Early dealings saw continuance of bullish operations in all sections of the list with United States Steel and General Motors leading. Rail- , road shares were coming out in larger amounts at higher prices and renewed activity was noted in steels and mQtors. United States, Steel opened 10,000 shares at 148, up 1%; while General Motors, selling ex-dividend $1.25, was up V,<> at 187. Graham Paige opened id,ooo shares at 39%, up 1. Graham Paige High , In early dealing steel advanced to 148%, up 1% on heavy turnover, Graham Paige attained anew high at 42%, up 3% points, and General Motors held around - the opening price. American Can, Sears Roebuck and Macy rose to new high levels. International Nickel, General Electric and Radio also were in demand at substantially higher prices. New York Central was an active feature of the rails, rising more than a point to 165%. Missouri - Kansas-Texas was up % at 39%, and St. Louis, Southwestern gained 1% to 94%. Canadian Pacific and Atchison also were in demand. Houston Oil Gains Houston Oil spurted 3 to 142%, and Atlantic Refining rose 1% to 166%, stimulating activity and strength in the oil group. Describing the market, the Wall Street Journal’s financial review today said: The decrease of over $50,000,000 in brokerage loans provided a pleasant surprise for those working on the constructive side of the market and helped to increase bullish sentiment that has been rampant in the street since reports became current a few days ago of a possible change in the Federal Reserve System’s policy in respect to funds of security purchases. Steel Issues Strong Rising prices continued throughout the morning. Steel reached 149%, up 2% points: Graham-Paige rose to anew high at 44%, up 5%: commercial Solvents advanced 6% points to 162, and American Smelting rose to a record high at 215%. L up 6 points. Steel issues continued favorites. Republic spurted 3% to 65%, while Bethlehem rose i% to 62%. Demand continued for Victor Talking Machine, Sears-Roebuck, .Postum an i Radio. Manhattan Electric Supply sagged to anew low for the year at 42, and then recovered a point.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $3,433,000. Debits were $7,384,000. NEW YORK STATEMENT By United Press NEW YORK. Aug. 17.—Bank clearings today were $1,029,000,000. Clearing house balance was $105,000,000. Federal Reserve bank credit balance was $95,000,000. CHICAGO STATEMENT /(•' United Press CHICAGO, Aug. 17.—Bank clearings today were $110,000,000. Clearing house balance was $7,300,000. CHICAGO RESERVE BANK By United Press I'' „ . , _ CHICAGO. Aug. 17.—The Federal Reserve Bank of Chicago today made no change on its rediscount rate of S per cent. FOREIGN EXCHANGE Bii United Press NEW YORK, Aug. 17— Foreign exchange opened irregular. Demand sterling $4.84%, off 1-32; francs, 3.90%c; lira 5.22%c. off .00 1-16; Belga 13.89%C, off .OOii; marks 23.82%c, up .00%.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Aug. 17.—1 t has been quite some time since traders have been able to review the most important market factors and find them so uniformly good. We have known right along that general industry was in excellent condition, (and if this situation was to be reflected in the stock market, all that was needed was a reasonably easy money market. Something has developed, as was seen yesterday, which indicates that comparatively easy money conditions are with us temporarily, at least. There is the larger supply of funds at lower rates, a better than expected reduction in brokers’ loans and substantial improvement in the bank statement. All of which will go a long way toward restoring confidence. The outlook is brighter. CAUGHT IN LIQUOR RAID Still Found in House, Police Say; ' Bond Is SIOOO. , Thomas Kittrell, 28,. of 838 E. Bates St., was held to the Federal ’grand jury under SI,OOO bond by John W. Kern, United States commissioner, on charges of liquor violation. Sergt. John Eisenhut and Dry Agent Ferris Jay, who with Patrolmen Baer and Crouch raided Kittreli’s home Thursday, said Kittrell admitted operating a 20-gallon still evenings and Sundays, working days as a machine shop polisher. The still, thirty-five gallons of mash and a small amount of “white mule” were confiscated, raiders said. Seeks to Issue Stock Petition was filed today with the Public Service Commission by the Northern Indiana Public Service Company for authority to issue $300,000 preferred 5.5 per cent stock, and 180,000 shares of no par value common stock. This will serve to retire outstanding 7 per cent stock, .the petiton says.

New York Stocks

(By Thomson & McKinnon)'

—Aug. 17— .. Prev. Railroads— High. Low. 12:00. close. Atchison 191 190% 191% 189% Atl Coast Line 165% Balt & Ohio 107 106% 107 106% Canadian Pac ..208- 207% 208 206% Chesa & Ohio ..18214 ... 18214 183% Chi & Alton .... 11 1014 11 10V4 Chi & N West.. 81% ... 81% 81% Chi Ort West.. 13% 13% 13s/. 13% C R I & P 120% ... 120 120% Del & Hudson ..19014 .. 190% 190% Del & Lacka.. .13214 .132 132'/4 132 | r >e ,••••••• 52 52% 5! % Erie Ist pfd .... 57 ... 57 57% Grt Nor pfd .... 97% 97% 9714 9714 111 Central 14314 Lehigh Valley 101 Kan City South 53 52 53 51% Lou & Nash 142 MK & T 39% 38% 39 38% Mo Pac pfd ....116% 1161s 116% 116% S I p? 11 ' 1 -,- 1 ®* 164% 164% 164% N y C & St L ... 126% NY NH & H .... 57% ... 57% 57% Nor Pacific 95% ... 95% 95% Norfolk & West ng% Pere Marquette .129 ... 129 128 Pennsylvania ... 64 ... 64 63% P * W Va 143 ... 143 140 1 Reading 10214 Southern Ry ....150% 150 150% 149% Southern Pac ..121% ... 121% 12944 £ aul , ••••••• 36% 36% 38% 35% St Paul pfd.... 47% .. 47% 46% gj L& S W 94% 93% 94 9314 St L & S F ...115 ... 115 11414 Texas & Pac ..175 ... 174 172% Union Pacific ...194% 194% 194% 193% West Maryland. 47 ... 46 45 Wabash 76% 7fi 76% 75% Wabash pfd 93 Rubbers— Ajax 8% 8% 8% 8% Fisk 10 ... 10 10 Goodrich 77% 76% 76% 75% Goodyear 55% 54% 55% 54% Kelly-Spgfld 19 Lee ... 19 United States.. 32% ... 32% 32% Equipments— Am Car & Fdy.. 91% ... 91% 92 Am Locomotive 92 ... 92 91% Am Steel Fd... 54% ... 53% 54 Am B Shoe,... 40 ... 4040 General Elec ...156% 154 154 153 Gen Ry Signal.. 97 ... 96% 71 Lima Loco 41% N Y Air Brake 42 Presred Stl Car 22% P'-.lman 79% 79% 79% 79% "cot 4ir B 45 ... 45 45 West Elec 98% 97% 98 97% Steels— Bethlehem 61% 60% 61 59% Col Fuel 62% 60 Vi 62 60 Vi grucible 78% ... 76% 76 Ulf St Stl 63% 63 63% 62 Inland Stl 66 ... 64% 65 Phil RC & I 28% ... 28% 29% Rep I & Ctl 63% 62% 63 63 Va Otis Stl ....X.. 23Va 23 23 22% U S Stl 149% 147% 148% 146% Alloy '.. 35Vs 34% 34% 33% Youngstwn Stl... 89% 89 89% 89 Vana Corp 75 ... 74% 73% Motors— Am B Mag 33% 33% 33% 32% Chandler 22% ... 22% 22% Chrys Crop 96% 94% 95% 95% Conti Motors ... 11% 11% 11% 11% Dodge Bros .... 19 ... 18% 18Va Gardner .... 10 Gen Motors 187% 185% 187 185% Hudson 81% 80% 81 80% Hupp 63 62% 62Vi 61% Jordan 8% Mack Trucks ... 90% ... 9Q% 90 Martin-Parry 18 Moon 8 ... 8 7% Nash 87% ... 86% 86% Packard 82% 81% 81% 81 Paige 44 39% 42 38% Peerless 15 Pierce Arrow ... 13 ... 13 13 Studebaker Cor.. 73 72% 72% 72% Stew Warner ... 94 93% 94 93% Stromber Carb 50% Timken Bear ...127% 126% 127% 126% Willys-Overland. 21% ... 21% 21% Yellow Coach ... 33% 32% 33% 32% White Motor ... 38% 38 38% 37% Mining— Am Smlt & Rfg.214% 213% 214% 209'% Anaconda Cop .. 67% 67% 67% 67 Calumet & Ariz. 97% ... 97% 98% Cerro de Pasco.. 78% ... 78 78 Chile Copper.... 44% 44% 44% 44% Greene Can Cop. 107% 102 102% 101% Inspiration Cop 21% Int Nickel 102% ... 100% 101% Kennecott Cop.. 96% ... 96 95% Magma Cop .... 51’% 51 51% 50% Miami Copper .. 22 21% 22 21% Texas Gulf Sul.. 69% 68% 69% ... U S Smelt 48% 57% 58% 46% Oils— Atlantic P.fg ... .167% 165 165 185% Barnsdall 24% 24% 24% Freeport-Texas ' 62% Houston Oil ...143 140% 140% 139% Indp Oil & Gas 26% Marland Oil 37% ... 37% 37% Mid-Cont Petrol 29% ... 29% 29% Lago Oil & Tr 31% Pan-Am Pet B. 43 Vi 42% 40 42% Phillips Petrol.. 40% 40% 40% 4014 Pro & Rfgrs 24 Union of Cal 51 Pure Oil 23% ... 23% 23% Royal Dutch ... 57% 57% 57% 57% Shell .......... 27 ... 26% 26% Simms Petrol 21 Sinclair Oil ... 27% 26% 27 27 Skelly Oil 31 Vi ... 31% 31% Std Ofl Cal 57% ... 56% 57% Std Oil N J 45% 45% 45% 45% Std OU N Y 36% 35% 36 36 Texas Corp .... 62% 62% 62% 62% Transcontl 7% 7% 7% 7s; Richfield 46% ... 46% 46% Industrials— Adv Rumely ... 42% ... 42% 42% Mils Chalmers ..128% ... 128% 128 Allied Chemical. .183% 182% 183 181% Armour A 19% 19% 19% 19% Amer Can 101% ... 100% 100% Am Hide Lea 10% Am Radiator ..148 ... 147 147% Am Linseed ...111% ... 110% 110% Am Safety Raz. 65'/a ... 65 65% Amer Ice 44% 44 44 Vi 43% Am Woolen 16 Va Coca Cola 162 ... 162 181% Conti Can 114% 114% 114% 114 Congoleum .... 23% ... 23% 23% Curtis r 109% 107 109% 105% Davison Chem .. 54 53% 53% 53 Dupont 372 Famous Players 138% 138% 138% 138% Gen Asphalt ... 75% ... 75% 74% Kelvinator .... 9% 9% 9% 9% Int Bus Mch 123 ... 123 120' Int Cm Engr.... 60% ... 60 59% Int Paper 69 ... 69 68% Int Harvester ..275 ... 275 271 Lambert 109 108 109 107 Loews 55 54% 55 55 Montgom Ward 196 193% 194 194% Natl C R 73% 72% 72% 72% Pittsburgh Coal.. 48% ... 48% 49 Owens Bottle .. 79% 79 79% 78 Radio Corp 187 1785 t/ 186 184 Real Silk .*. 40% 39 40 39% Rem Rand 25% 25 25% 25 Vi Sears Roebuck ..131 ... 130% 129% Union Carbide..l63 161% 162 161 U S Leather 47% 46% 47% 46% Univ Pipe 19% Victor 98% 96% 97% 95% U S Indus Alco. 11414 114% 114% 113% Warner Bros ... 85% 91 % 81% 84% Wright, 160 158% 158% 155% Utilities— Am Tel & Tel... 175% ... 175% 175% Am Express ... 194 V, Am Wat Kks ... 57% ... 57% 56 Brykln-Manh T. 67% 66 67V, 65% Col G & E 115% 115% 115% 114% Commonwealth . 80Vi 79 80% ... Consol Gas 148 147% 148 147 Elec Pow & Lt 35% Nor Am Cos 74% 72% 73 72% Nat Power 33% ... 33% 33% Pub Svc N J 55% ... 55% 55% S Cal E 48% ... 46% 46% Std Gas &El ... 66% ... 66V4 65% Utilities Power . 40% 39% 40% 39% West Union Te 1.144% ... 144% 144% ..Shipping— Am Inti Corp... 99 97% 99 97 Am Ship & Com 3% Atl Gulf &W I. 50% 48% 50% 47% Inti Mer M pfd. 35% ... 35% 35% United Fruit 137 Foods— 1 Am Sug Rfg... 70% 70% 70% 70 Am Beet Sugar.. 22 ... 22 Cudahy 74 V 4 13% 74 73 Beechnut Pkg 74% California Pkg .. 73% ... 73% 73 Corn Products. 82% 82 82% 81% Cuban Cane Su p 18% ouban Am Sug.. 18% ... 18% 18% Fleischmann Cos 72Vi 72 72% 71% Jewel Tea 123% Jones Bros Tea .. ... ... 27% Natl Biscuit 166% Nat Dairy 85 84% 85 84 Postum Cos 67Vi 66% 67 66% Ward Baking B 18% ... 18% 18% Tobaccos— Am Sumatra 64% Am Tobacco ...161 ... 161 Am Tob B 160% ... 160% 160 Kroger 112% Con Cigars ... 95% 94% 95% 95 General Cigar.. 60% ... 60% 60 Lig & Meyers... 88% ... 87% 87% Lorlllard 28% .., 28% 28% R J Reyonlds.. .133% 132 133% 131% Tob Products B 98 97% 98 97% United Cigar St 23% 23% 23% ... Schulte Ret Strs 59% 58% 69 65% HELPS STABILIZE FRANC Bank of France Allows No Voice to Foreign Shareholders. Bu United Press PARIS, Aug. 17.—The Bank of France has been much in the limelight in connection with the stabilization of the franc. Few people realize the really national character 'of the institution. While foreiners may own shares, they can have no voice in the bank’s affairs. More than 80 per cent of the shareholders possessonly from one to five shares each. There are 11,078 persons with one share and 7,215 with two shares. Kills Man Shooting Rats • NEW BRITAIN, Conn., Aug. 17. A charge of buckshot intended for rats took the life of William Barrows, 22, of Newington. A shotgun in the hands of Frank Clark, an employe of his father, accidentally discharged into Barrows’ leg,

HEAVY RECEIPTS SEND HOG PRICE DOWN2SCENTS Vealers Go for 50 Cents Higher While Cattle Are Steady. Aug. Bulk. Top. Receipts. 10. [email protected] 12.00 4,500 11. [email protected] 112.25 4.000 13. 11.25 @12.25 12.25 4.000 14. 11.50012.40 12.50 6.000 15. 12.35012.9 C 13.00 4.500 16. 12.75® 12.90 12.90 5.000 17. 12.10012.75 12.75 5,500 With receipts considerably higher today, estimated at 5,500, hogs tumbled 10 to 25 cents lower on the hundredweight at the local stockyards and the best sold for $12.75. Material in the bulk, weighing 150-200 pounds, brought $12.10@ 12.75. There were 975 holdovers from Thursdays market. The cattle market was steady with little changes made, while vealers were 50 cents higher on the top, selling $18.50 to $lB down. The sheep and lamb market was steady, good lambs selling $13(514 and throwouts, sß@ll, and fat ewes j brought $5 @6. The Chicago market opened slow with very few sales with buyers bidding 10 to 20 cents lower than Thursday’s best prices. A few bid $12.75 on several loads of choice 180-210-pound weights. Receipts numbered 14,000. Heavy butchers 250-350 pounds, sold 25 cents lower; the price being paid, [email protected] on the local market today, while material 200-250 pounds, brought $12.25® 12.65, which was 10 to 25 cents lower than Thursday's best prices: 160-200 pounds, sold slightly slower on the bottom price at [email protected]; 130-160 pounds, also sold lower at sl2® 12.50: 90-130 pounds, were steady selling at [email protected], and packing sows brought [email protected]. Beef steers were 25 cents lower on the top selling at $13.50@16 in a steady market, with receipts reduced to 700 animals received. Beef cows were steady, selling at $9 @11.50; low cutter and cutter cows brought [email protected], and bulk stock and feeder steers sold for sß@l2. The sheep and lamb market was steady, with prices unchanged, and slightly higher receipts with about 600 animals in the pens. —Hojrs— Receipts, 5,590: market, steady, lower. 250-350 lbs $11.750 12.25 200-250 lsb 12.25® 12.65 160-200 lbs 12.60® 12.75 130-160 lbs 12 00® 12.50 90-130 lbs 9.50® 11.25 Packing sovfS 10.25®. 11.25 -CattleReceipts. 700; market, steady. Beef steers $13.50® 16.00 Beef cows 9.00® 11.50 Low cutters and cutter cows.. 5.500 TSO Bulk stock and feeder steers. 8.00012.00 —Calves— Receipts, 600: market, steady to higher. Best vealers $17,504/18.50 Heavy calves 7.00 @ll.OO —Sheep— Receipts, 1,200; market, steady. Top fat lambs $14.00 Bulk fat lambs 12.75® 13.50 Fat ewes 4.50® 6.50 Other Livestock Bu United Press CHICAGO. Aug. 17.—Hogs—Receipts. 14.000; market 10025 c lower on hogs scaling below 270 lbs.: heavier weights weak to 10c lower; top, $12.85 paid for choice 180-210-lb, weights; butcher, medium to choice 250-350 lbs.. $11.65@12 45; 200-250 lbs.. $11.75® 12.85; 160-200 lbs., $11.50(312.85; 130-160 lbs., [email protected]; packing sows. $10.50(811.65; pigs, medium to choice, 90130 lbs., $10.50® 12. Cattle —Receipts, 2,000; calves. "1,000; run mostly of plain ?uality; market uneven but mostly steady; ew steers to sell above sl3; liberal run of low grade cows: bulk all cutters, $6,350 7.35; most vealers, $17.50@18; slaughter classes, steers, good and choice f.3001.500 lbs., $14.15016.60; 1-100-1,300 lbs., $14.25® 16.75; 950-1,100 lbs., $14.50016.60; common 'ini medium. 50 lb.i., $94/ 14 50; fed yearlings, good and choice 750-950 lbs , $14.664/16.15, 1 elfers. good and choice. 50 lbs. down. $14..0016.6!); common and medium. $8,504*14.35; cows, good and choice. $9.50® 13; common and medium. $7.75® 9.50; low cutter and cutter cows, $6.25® 7.75; bulls, good and choice beef, $9,754* 11; cutter to medium. $7.2509.75; vealers. milk fed, good and choice, $16,504/ 18.50; medium. $13.50016.50; cull and common, $84*13.50; Stockers and feeders, good and choice, all weights, $11.75® 13.75; common and medium, $9.50011.75. Sheep—Receipts. 10.000; fat lambs active. . about steady, quality considered; natives and westerns selling close together; sheep about steady; comparatively little change on feeding lambs except tendency toward week-end slowness on kinds under sl4; lambs, good and licoiee, 92 lbs. down, $13.85015; medium, $12013.85; cull and common, $8,250 12; ewes, medium to choice. 150 lbs. down. $4.50(37.50; cull and common, $1,754/ 5.50; feeder lambs, good and choice, $13.65® 14.25. Bu United Press FT. WAYNE. Ind„ Aug. 17—Hogs—Receipts, 200; market, 15 to 35 cents lower; 90-110 lbs., $10.10; 110-130 lbs., $11.10; 130-140 lbs., $11.85; 140-160 lbs., $12.35; 160180 lbs., 42.50; 180-200 lbs., $12.65; 200250 lbs., $12.40; 250-300 lbs., sl2; 300-350 lbs., 11.75; roughs, $10.25; stags, SB. Cattle—Receipts, 125; calves receipts, 100; market, sl7 down. Sheep—Receipts, 200; market, $12.75 down. Bu Times Special LOUISVILLE, Aug. 17.—Hogs—Receipts, 900; market, steady: 250 lbs. up, selling sl2; heavy and medium hogs, 180 lbs. up, $124/ 12.50; pigs and lights. 180 lbs., down, $8.50011.10; stags and throwouts, $9,400 10. Cattle—Receipts. 400; market, steady; prime heavy steers, $13,500)15; heavy shipping steers, $12,504*13.50; medium and plain steers. $10012.50; fat heifers. $7.50 4113.50; choice cows, $8.50® 10.50; medium to good cows, $6.50©8.50; cutters, $5.50® •>.50; canners. $54/5.50; bulls, $64/9; feeders. $9011.50; Stockers, $84*11.25. Calves —Receipts, 200; market, 50c higher, good to choice. 13.50015.50; medium to good, $11.50013.50; outs. $11.50 down. Sheep— Receipts. 1,200; market, steady; lambs, $12.50 0 13; choice, $13.50; seconds. sß® 8.50; sheep, $406; bucks, $303.50. Thursday’s shipments—Cattle, 2?4; calves, 191; hogs, 404; sheep, 1,437. Bu United Press CINCINNATI. Aug. 17—Hogs—Receipts, 2,700; holdovers, J. 861; market, packing sows weak to 25c down; 250-350 lbs.. $11.50012.50 ; 200-250 lbs., *12.15012.85; 160-200 lbs $12012.85; 130-60 lbs., $11,350 12.65; 90-130 lbs., $10011.75; packing sows, sß@ll. Cattle—Receipts. 600. Calves— Receipts, 425: market, strong; beef steers. $11011.50; light yearling steers and heifers. sll4/11.50: beef cows, $7.50® 10; low cutter and cutter cows, $5.50G@7; vealers, $13017; heavy calves, $10014; bulk Stocker and feeder steers, $10750011.50. Sheep—Receipts. 1,850; market sheep. 50c down: top fat lambs, sls; bulk fat lambs, [email protected]; bulk cull lambs, $8010.50; bulk fat ewes, S4O 8.50. By United Press CLEVELAND, Aug. 17—Hogs—Receipts, 600; market. 10@25c lower; top, $13.15; 250-350 lbs., $12012.50; ,bs., $12.50 4/13; 160-200 lb*., $13013.15; 130-160 lbs., $12.75 013 ; 90-130 lbs., $12.75012.85; packing sows. $10011.50. Cattle—Receipts, 125; calves. 125; market, steady; beef steers, $10.60012; beef cows, $7.2509; low cutter and cutter cows, $5.50 0 6.75; yealers, $17020. Sheep—Receipts, 200; market steady to strong; top fat lambs, $14.50; bulk fat lambs, $14014.50; bulk cull lambs. [email protected]; bulk fat ewes, $507. By United Press PITTSBURGH, Aug. 17—Hogs—Receipts, 800; market, strong; 250-350 lbs., $12.50® 13.10; 200-250 lbs., $12.90013.30; 160-204) lbs., $12.75013.30; 130-160 lbs., $11,760 13.30; 90-130 lbs , $11.25012.25; packing sows. slOOll. Cattle—None; calves 50; market. $1 up; beef steers. $120i5.30; light yearling steers and heifers. $10,500 15; beef cows, $8010.50; low cutter and cutter cows. $507.50; vealers, $l6O 20; heavy calves, $lOOl6. Sheep—Receipts. 175; market steady; top fat lambs. $14.75; bulk fat lambs. $13014.75: bulk cull lambs, $8012; bulk fat ewes. $507.

Local Wagon Wheat

Local grain elevators are paying $1.24 for No. 2 red wheat and 99c for No. 2 hard wheat. Other grades are purchased on their merits, j

THE INDIANAPOLIS TIMES

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. Aug. 17—After the market closed Thursday, we stayed on the floor a couple of hours and feel sure that most of the cotton bought was for the old bull crowd. They got about half of what they usually carry and will buy the rest today, and Saturday, If the tone of the market remains good. They have plenty of support in the way of bullish telegrams.and the movement for the next week will not be big enough to bother them. By United Press NE WYORK. Aug. 17.—Cotton futures opened higher. October 19.40. up .13; December 19.44. up .17; January 19.33. up .11; March 19.43, up .15; May 19.49, up .14; July 19.37, up .07.

Commission Row

PRICES TO RETAILERS FRUITS Apples—New fancy Transparents. $1,250 1.75 basket; Duchess. $1.5001.75; fancy barrel apples, seasonable varieties, $5.50; new fancy basket appjes, seaonable varieties. $1.5001.75 crate. 40 lbs. Cantaloupes—Home grown, 65c051.15 flat crate; $1.23 0 2 large crate. Cherries—Northern, $3.30, 16-qt. crate. Currants—s2.so. 16-qt. crate. Gooseberries—lndiana. $5. 24-qt crate. Grapes—California Malagas. *1.75 crate. Huckleberries Virginia, $2.50; 12-qt. basket. Lemons—California, $7.5008 crate. Limes—Jamaica. $1,754/2.25. 100 Melons—Honev Dew, California, [email protected]. Oranges—California Valencias. $709.25 crate. Peaches—Elbertas. $1.5002 crate. Pears—Bartlett. *2.75. Plums—California *2 0 2.50 crate. Watermelons—Florida, 40060 c each. VEGETABLES Beans Homd-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. $2.75 crate. Celery—Michigan. $101.25 crate. Corn—Faflcy home grown. 12® 20c doz. Cucumbers grown, 40@50c. Eggplant—sl.7so2.2s. Kale—Spring. 60c DU. Mustard—Fancy, home grown. 60c bu. Okra—Tennessee. 75c05l basket. Onions—Home grown, green. 25040 c doz.; Kentucky yellow. $202.25 bag: homegrown yellow. $1.25. 50 lbs.; white. $1.50. Parsley—Home grown. 60c doz bunches Peas—New York, Telephone, $4.50 0 5 a 40-lb. crate. —Home-grown Mangoes, 75c® Potatoes—Virginia Cobblers, $2.75 0 3 bbl.; fancy home grown. $2.7503 bu. Radishes—Hothouse. Button. 65c doz. bunches. Rhubarb—Home grown, 35c doz. Spinach—Fancy home crown. $1.35 bu. Sweet Potatoes—s2o2.2s hamper.. Tomatoes—Southern Indiana, $101.50 bu. Turnips—New $1.25 ou. MISCELLANEOUS Cider—s4.so 6-gal. case: $4.75 doz.. %~ gal. Jars. Garlic—California. 20c lb.

Indianapolis Stocks

—Aug. 17Bid. Ask. smer Central Life 650 .., Belt R R <fc Yds com 68 71 Belt R R & Stkvds pfd 59% 63 Central Ind Power Cos pfd.... 97% 101% Circle Theater Cos com 103% ... Cities Service Cos com 65% ... Cities Service Cos pfd 100 Citizen Gas Cos com 56% 57% Citizens Gas Cos pfd 102% 103% Commonwealth Loan Cos pfd..100% 104 Equitable Securities Cj com.. .. Hook Drug Cos com 32% ... Indiana Hotel Cos com 125 Indiana Hotel Cos pfd 100 100% Indiana Service Corp pfd .... 90 Ind’anapolls Gas Cos com 59% 64% Indpls & Northwestern pfd... 14 Indpls P & L 6%s pfd 104 104% Indpls P & L 7s 98 101% Indpls Pub Wei Ln Assn .... 47% ... Indpls St Ry Cos pfd 34% 35% Interstate P S C prior 1etn....103% 107 Interstate P 3 C 6s pfd 92 98 Merchants Pu Util Cos ofd ...101 Metro Loan Cos 8s 100% 105 North Ind Pub Serv Cos 6s 99% 102 Northern Ind Pub S Cos 7s 105 Progress Laundry Cos com .... 32V' ... E Rauh & Sons Pert Cos pfd. 50 Real Silk Hos Cos pfd Standard Oil of Indiana 75% ... T H I & E Trac Com 1 T H I & E Trac Cos pfd...... 15 T H Trac & Lt 93 101 Union Trac Cos com % Union Trac Cos Ist pfd 1 Union Trac Cos 2nd Did % Union Title Cos com 80 Van Camp Pack Cos pfd 13 Van Camp Prod Ist pfd .... 86 101 Van Camp Prod 2d ofd 90 97 •Ex-dlvldend. —Bonds— Belt R R & Stic Yrds 4s 89 Broad Ripple Trac Cos 55.... 75 80 Central Ind Gas 5s 98 Central Ind Power Cos 6s 101% ... Chi S B & N Ind 15 Citizens Gas Cos 5s 102 103 Citizens St R R 5s 83% 87 Garfy St Rv 5s 84 89 Home T & T of Ft Wayne 65.. 102 • ... Indiana Hotel Cos 6s. 101 Ind Northern Trac Cos 5s . 4 Ind Ry & Lt Cos 5s 98% 101% Ind Service Corp 55.... *, .93 96 Indpls Power and Lt Cos 5... 99 100% Ind Union Trac Cos 5s 3 Indpls Col & So Trac 6s 99 102 Indpls Cas Cos 5s 10! 102% Indpls &•. Martins Trac Cos 5s 30 Indpls Nor Trac Cos 5* 10 13% Indpls & Northw Trac Cos 55.. 30 Indp!;; St Rv 4s 64% 65% Indpls Trac Sc Term Cos 5s 94 95% Indpls Union Rv 5s 100 Indpls Water Cos Ist 5%s 103 104 Vi Indpls Water Cos Ist 5s 96 Indpls Water Cos 4%s 95 96 Water Works Sec 5s 95 99% Interstate Pub S Cos 4%s 88 91 Interstate Pub S Cos 5s 95% 98 Interstate Pub S Cos 6%s 101 N Ind Pub Serv 55.... 88 101% T H I & E Trac Cos 5s 76 T H Trac & Lt Cos 5s 93 Union Trac of Ind Cos 6s 11 14 New York Liberty Bonds Liberty Loan Ist 3%s 98.4 98.66 Liberty Loan Ist 4%s 100.90 101.10 Liberty Loan 3d 4%s 98.83 100.08 Liberty Loan 4th 4%s 101.12 101.32 U S Treasury 4%s 111.42 111.62 U S Treasury 4s 105.94 106.14 U S Treasury 3%s 103.14 103.34 U S Treasury 3%s 98.50 98.70 THREE CLUBS JOIN IN STATE FAIR DOG SHOW Prize Animals to Be Exhibited Sept. 3,4, 5 and 6. A three-in-one dog show, with exhibits by the Hoosier Kennel Club, the Boston Terrier Club of Indianapolis, W., and the Central Beagle Club of Indiana, will be held in connection with the Indiana State Fair, Sept. 3, 4 and 5. The specialty shows will be held on Sept. 6 ln connection with the annual fall feature of the Hoosier Kennel Club. E. W. Leach of the Kennel Club Service Bureau, Minneapolis, will superintend the shows. All breeds with exception of beagle hounds, will be judged by Frank Addyman of Ardsley, N. Y. Harry Meyer of Indianapolis will ludge the beagles. G. W. Wollmerehauser of St. Louis will judge in the specialty show of the Beagle Club. R. E. Atkinson of Kansas City will officiate at the Boston Terrier Club specialty show. SUGAR OPENING By United Press NEW YORK, Aug. 17. Sugar futures opened lower. September. 2.30, off .01; December. 2.42. off .02: January. 2.41. off .03; March, 2.40. off .02; May. 2.48. off .01; July, 2.56, off .01. MISSING MAN IS FOUND Illinois Teacher, Reported Drowned, Picked Up by Coast Guard. By United Press COPPER HARBOR, Mich., Aug. 17.—Emmet Crilly, a school teacher of Macomb, 111., who was reported drowned, arrived here safe late Thursday from Royale Isle on a Coast Guard surf boat. Crilly left his party Monday on Royale Isle, going on an expedition alone. When he returned Tuesday, his companions had left. They reported Crilly missing and a search was started for him by Coast Gardsmen.

CRAIN FUTURES TURN TO LOWER TREND AT PIT Favorable Crop Reports Cause Wheajt, Corn to Lose Ground. CHICAGO, Aug. 17.—Crop reports from the Canadian northwest were again favorable today and wheat reacted from Thursday’s advance on the Board of Trade. Good crop news also sent corn lower. Oats followed the downturn. Wheat opened % to 1% cents lower, com was down % to 1% cents and oats was off % to % cent. Provisions were about unchanged. Weakness at Liverpool and higher temperatures in the northwest sent wheat down at the opening Thursday, but offerings were quickly absorbed by commission houses and shorts. Later, when eastern houses attempted to buy, offerings were scarce and prices advanced. Stocks at southwestern terminals have been rising to uncomfortable proportions and wheat from that section is being offered to Chicago at unusually low prices. Scattered liquidation sent September corn to within Vs cent of the crop low early Thursday. Short covering and commission hpuse buying, however, started a good rally. The deferred deliveries also advanced. Increasing oats receipts brought hedging pressure from cash interests. All deliveries touched new lows on the crop. Chicago Grain Table —Aug. 17— WHEAT— Prev. High. Low. 12:00. close. 3ept 1.13 % 1.11% 1.12% 1.13 Dec 1.18% 1.16% 1.17% 1.18 May 1.25 1.23% 1.24 1.24% CORN— Sept ’ 88% .86% .88% .87% Dec 73% .73% .73% .74% Mar 76 .75% .75% .76% OATS— Sept 36% ,36V .36% .36% Dec 39 % .39% .39% .39% Mar 41% .41% .41% .41% RYE— Sept 96% .95% .95% .96% Dec 99 .97% .98% .98% Mar 1.01 1.00% 1.01 1.00% LARD— Sept 12.45 12.40 12.42 12.42 Oct 12.57 12.55 12.55 Dec 12.72 12.65 12.70 12.67 RIBS— Sept 14.37 Oct 14.10 By Times Special CHICAGO. Aug. 17.—Carlots: Wheat. 250; corn. 38; oats. 457; rye, 4; barley. 105.

Produce Markets

Butter (wholesale price) No. 1. 49050 c; No. 2. 46@47c 10. Butterfat (buying price!—46®47c lb Cheese /wholesale selling prices, pet pound/ —American loaf 36c; pimento loal. 37c: Wisconsin flat. 29c; prime cream, 32® 34c: flat Daisy. 27c; Longhorn. 27c: Ne* York Llmberger, 32c. Eggs—Buying prices: Fresh dellvereo at Indianapolis, loss off. 28c doz. Poult!y (buying prices!—Hens. 22 i*23c: Leghorn hens. 15017 c, 1928 spring, large breed, lbs. and up, 30c; 1%@1% lbs., 24 / 25c: Leghorns. 246/ 25c; old roosters, large, 12c; small, 10c; ducks. 13015 c; geese. 8c; guineas, young, 50c; old, 35c. By United Press NEW YORK. Aug. 16.—Flour—Quiet and unchanged Pork —Steady. Mess—s33.so. Lard—Easier. Midwest 5p0t—512.60012.70. Sugar—Raw. firmer; spot 96 test, delivered duty paid. 4.2 ac. Renlned —Firm; granulr'“d, 5.55 c. Coffee—Rio No. 7. on spot. 17(./17%c. Santos No 4, 23%%24c. Tallow —Steady; special to extra. B@B%c. Hay —Quiet: No. 1. $1.25® 1.30; No. 3. BOco $1.05; flover. [email protected]. Dressed Poultry —Fi-m turkeys. 24@47c; chickens, 260 48c fowls. 16 0 34c; ducks. 184/19c: Long Island, 23c. Live Poultry—Firm; geese. 10(S/ 15c: ducks. 14024 c; fowls, 22 0 31c; turkeys, 200 25c; roosters. 16c; broilers, 250 38:. Cheese—Steady; Btate whole milk 25 0 26%c; young Americas, 26@26%c. Potatoes—Lon Island, $1.7502.25; Jersey, $l.6O®S; Southern, 75e052.25; Sweet Southern, S2OB. By United Press CLEVELAND, Aug. 16.—Butter—Extras ln tub lots, 48®50c; extra firsts, 44%® 48’ 2 c; seconds, 40%0 42%e. Eggs—Extras. 37c; extra firsts, 34%c; firsts, 31c; ordinaries. 27%c. Poultry—Heavy fowls. 280 30c: medium, 270 28c: leghorns, 204:220 heavy broilers, 36038 c: Leghorn broilers. 270 30c: ducks. 20@24c: geese. 15@17c. old cocks, 15017 c. Potatoes—U. S. No. 1. cloth top. stave barrels, Virginia, $2.40 02.50. Births Boys Cecil and Hazel McDaniel, 234 Douglass. Charles and Anna Campbell. 1036 6. Gale. Edwin and Frankie Dalslev, Coleman Hospital. Clayton and Annabelle Graham. Coleman Hospital. , Vernon and /Emma McQulllin, Coleman Hospital. and Goldie Mullendore. Coleman Eugene and Helen Osborne, Coleman Hospital. Anthony and Ida Klee, St. Vincent Hospital. Emil and Mabel Schernekau, St. lVncent Hospital. John and Irene Banks. 5914 Julian. Elmer and Goldie Henser, 2101 S. Delaware. Girls H Raymond and Blanche Bray, Coleman Gerald and Dorohty Canfield. Coleman Hospital. Walton and Helen Cloud, Coleman Hospital. Joseph and Pauline McMullen, Coleman Hospital. Robert and Henrietta Hays. St. Vincent Hospital. Thomas and Margaret Lamoureux, St. Vincent Hospital. John and Ida Helmer. St. Vincent Hospital. Thom and Alexandria Dovey,' 510 S. Warman. Charles and Clarice Ayers, 544 Geodlet. Theodore and Esther Arnold, 2151 8. Pennsylvania. Deaths Wiliam Feintuck. 62, 822 S. Illinois, carcinoma. Robert Charles Nicholas, 55. 218 Spring, broncho pneumonia. Edward S. Hoshour. 72, 2024 Broadway, carcinoma. Theresa Koonz. 62, 2007 N. Capitol, cerebral hemorrhage. George N. Arvenltis, 40. Thirty-Fourth and Northwestern, accidental. George P. Gregory, 30. 1545 Van Buren, acute dilatation of heart. James H. Buskel, 65, 1726 Ashland, angina pectoris. Ella Griffith. 61, St. Vincent's Hospital, acute myocarditis.Dorothy Clarke Cade, 4, 3865 Carrollton, meningitis. Elvira M. Anthony. 84, 3330 Kenwood, arteriosclerosis. Robert J. Miller, 60, city hospital, apoplexy. Mary Capitola McGregor, 70, 732 N. Sherman Dr., carcinoma. OHIO PRIMARY IN DOUBT Democratic Senatorial Candidates Neck and Neck; Wet Has Edge. By United Press COLUMBUS, Ohio, Aug. 17. The race for the Democratic shortterm senatorial nomination today remained a neck-and-neck affair between Graham P. Hunt, Cincinnati, wet, and United States Senator Cyrus Locher, Cleveland, dry, on the basis of incomplete returns from Tuesday’s primary election. Hunt still led Locher by the meager maority of 911 votes on the basis of United Press tablations while the Secretry of State’s office gave Hunt a lead of less than 500. With only a few precincts unreported, the vote stood: Hunt, 93,501; Locher, 92,650.

The City in Brief

Members of the Weber Milk Company’s Employes Benefit Association and their families held their annual picnic at Garfield Park 7 mrsday. Three hundred persons attended. The Indianapolis Military Band will give a concert Sunday at 3:30 p. m. at? Christian Park, under auspices of the park board and recreation department. Members of the Keesling family have selected Arch H. Hobbs, Indianapolis, to be the principal speaker at their family reunion at the Middletown fairgrounds Aug. 26. Several hundred are expected to attend. Entertainment will be provided by the Anderson orchestra. The Rev. and Mrs. R. T. Capen, First Baptist Church missionaries to China, have left for Seattle to sail Aug. 25 for China. A year’s furlough spent in the Stages has ended. Their two children, Carl and Helen, will study at Denison University, Granville, Ohio, this year. A picnic for employes of the Standard Oil Company in Indianapolis attracted approximately 250 to Broad Ripple Park Thursday. A parade from the Harding St. branch preceded the picnic. Eleven hundred Indianapolis postal employes and their families will hold their annual picnic Sunday at Columbia Park. Central States Envelope Company Relief Association will give a picnic for all employes and their friends at Forrest Park, Noblesville, Ind., Saturday. Members of the Sander-Yeager families will hold their annual reunion Sunday at Brookside Park. A basket dinner will be se ved, followed by a program. Contests will be held and prizes will be awarded the oldest and youngest members of the family present. Posey Chapman, 1933 N. Alabama St., faces charges of driving while intoxicated and drunkenness today.

WE BUY Pettis Dry Goods Pfd. NEWTON a nd 415 Lemcke Building 1000 SELL

Come Direct to Traugott’s—Use Our /JpSfk 10-PAY PLAN //H rs 8 RdS \ Wh V Pav HAS Y TERMS MAKE POS--1: f i 4 I 8I IF BST - , * SIBI.E BUYING BETTER if f I I 1 rjfej S i i Casn/ —Why \7fjßsr x i oi ality fashions alI ■ tjMHßjjlß More? > " ays—that ail cash All Young Men’s Men’s 79c and 98c Kj \f I\f I $5.00, $7.00 and Balbriggan. Ribbed and ililfh B 1 * B ’ oo AU-Wool UNION M A l| 1 1 suits v3 1 GOAT Fine knit nn.l XjSfmQ . 95 light weight, \ C*" - f J <®oßssEr rtnk'l' length.’ VAjfc' / I) X'wWL I \ | 9 ’ PP YP. to-d at e 411 /Ues jfisaf® f £ \Wy7 l aT * models. li 1g h t.grays, i J Iffl 'Wf// browns ans tans, wide I rSSpk Pub} ended bottoms. All I —Here They Are! Men’s New Fall UIT S '~==SS==: Wft 525 and more—but. H '’ us * make new * Jpsgstj Men’s *52.50 and /\7f/ |>jend s and prove the advisa- gg| $2.75, Genuine M A ™ ,tv " f ras >’ ‘ rrms < Egl 2? B. offer this group at the sensa- BasSS] raHS Palm Beach J* tionally low price of O A MTC If w Smartest styles. Newest pat- flH| H g AIN 1 B terns and colors. ffHKjg $1 .95 lit to Charge t ** * a Take Your Choice of Any a m a/< SSS:S-SW3! mi Palm Beach Suit Ms !■ All'S? pattCTns - MM I>> the House for Only JL S AI ' L SIZE9 > REGULARS, slims and stouts '/ it if i \ wanted light, medium and dark patterns. WORKTTs SPEClAL—Saturday PANTS 1 Jj. - Boys’ Khaki and Crash j Extra well made. Full cut and specially JR If M I? DAMTC reinforced. All sizes. . \ IV T’l JCd L JT jTjLI w 113 Men’s Gray ‘Rockford’ ,IJ la Weil made. &[ f* JJkj MJml Knicker w §H H j SOCKS 0 0 r nl j; r,"i,ms£ for Ld%j c *1 ih " last ~(fa| Ur re tf2ls WESTWASHWGTON street/’ EDWARD TRAUGOTT C HARRY SUSSMAN

He was arrested about 11 p. m. on Thursday after his car collided with that of Gilbert Schuster, 1909 Ruckle St., at Tenth and Delaware Sts. No one was injured. Program of the Christian Men Builders, Inc., will be broadcast from Third Christian Church over WFBM from 9:30 to 10:45 a. m. Sunday. Walter L. Schultz, tenor, will sing, accompanied by R. O. Heyne. Four-year-old Arietta Adams is in serious condition at city hospital as the result of being run over by a truck driven by her father, Estee Adams, 34, Negro, in the yard of their home, 944 W. Twentieth St. Thursday night. The child got into the path of the truck as her father was backing it up and one wheel passed over her head. John Mack, 60, employed at the Big Four Railroad Shelby St. roundhouse, became ill there late Thursday and died in an ambulance. Death was due to apoplexy, Deputy Coroner Claude E. Hadden said. ACQUIRE HOTEL LAND Trust Takes Over Title to Site of * New Lockerbie. A trust formed by Gavin L. Payne & Cos., has acquired from Mrs. John H. Holliday and other heirs of the Alexander Rieman estate, title to the real estate upon which the twelve-story Lockerbie hotel is being built at Illinois and Chesapeake Sts., the Gavin L. Payne company announced today. The trust will be administered by the Security Trust Company. Samuel and Julius Fallender who leased the property for ninety-nine years, are identified with the Illinois and Chesapeake Realty Company, which is building the new hotel. Its construction, at an approximate cost of $600,000 is expected to be completed in January. The hostelry will be taken over by the Lockerbie Hotel Company for operation at a gross rental of $60,000 a year.

PAGE 25

MAYOR FACES PRISON, FINES Ordered Into Court for Defying Council. Bu United Press NEWBURYPORT, Mass., Aug. 17. —“Bossy” Gillis, Newburyport’s redoubtable mayor, today faced the possibility of jail sentences totaling ninety days and fines aggregating $340 for operating his gasoline filling station without his city council’s permisssion. He has been summoned to appear next Wednesday on charges of illegally storing inflammables, unlawfully digging up sidewalks and unlawully changing the grade of a city thoroughfare. All these charges and several more scheduled to be made were based on “Bossy's” action in establishing a filling station earlier this week without awaiting an official permit. “Bossy,” who would rather fight than eat, showed ill-concealed elation last night when he learned that the summonses had been issued. For two hours he waited impatiently at his new gasoline station for the summonses to be served. Finally he dispatched a mayoral emissary in an automobile to give the summons-server a "lift.” After the papers demanding his court appearance had been served, “Bossy" said: “This am is going to bust somebody high, wide and handsome. Maybe it’ll be me; maybe it won’t. Anyhow, we’ll damned soon see.”

MONEY TO LOAN —ON—MORTGAGES STATE LIFE Insurance Cos. 1235 871ATJB I.IFK BLDG.