Indianapolis Times, Volume 40, Number 77, Indianapolis, Marion County, 20 August 1928 — Page 10

PAGE 10

STEELS, RAILS 1 OFFSET MOTOR | STOCK SLUMP Substantial Gains Made in General List in Light Selling.

Average Stock Prices

Average of twenty industrials Saturday ■was 223.61. up 1.20. Average of twenty arails was 139.80, up 1.40. Average of forty bonds was 95.87, off .02. !£,/ United Press NEW YORK, Aug. 20.—A declining tendency in General Motors was Offset by strength in steels and rails on the stock exchange in early trading today. Gains were in the Ascendancy in the .general list, ranging from a point to two points. fTrading was active. General Motors sagged 214 points to 183 in light turnover, selling being ascribed to profit-taking. Other motor shares were steady to firm. Chrysler recovered more than a point and Packard improved fractionally. United States Steel rose V 2 point to 149 Vi, and substantial gains were | made oy Central Alloy Steel and Bethlehem Steel. Allied Chemical, like General Motors, met profit-taking which brought it down three points to 187. I Later it recovered two points of the lloss. \ St. Louis Southwest featured rails with a gain of more than a point to IOOVs. Missouri-Kansas-Texas also was very active and strong, rising 114 points to 4014 Good ouying prevailed in Pennsyl--1 vania, Canadian Pacific and Bani gor & Aroostock. i Describing the market the Wall Journal’s Financial Review today said: Revival of strength in rails in the week-end session attracted large buying orders for this class of stock , over Sunday. Transactions at the start of the new week were characterized by further brisk gains in various representative carrier shares. Demand converged largely , on issues which are benefiting from the large movement of wheat In the South and Southwest. Good demand, for representative Industrials continued in the late morning despite the firmer tone in call money. Banks called $35,000,000 in loans due to the treasury operations and an advance in the demand rate from the renewal charge of 6 per cent was indicated. In the face of this situation, brisk operations for the rise went ahead in various departments. Conspicuous strength was observed in several issues which have undergone a split-up in recent years. New highs for the present shares were leached by American Can at 10514, up 114 points; Continental Can at 118%, up 214*points, and Sears, Roebuck at 13314, up 3% points.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearir;'/ today were $3,867,000. Debits were $6.90,000. NEW YORK STATEMENT Bv United Press NEW YORK, Aug. 20.—Bank Vearings today were $467,000,000. Clearing house balance was $102,000,000. Federal Reserve bank credits balance was $94,000,000. CHICAGO STATEMENT By United Press CHICAGO, Au;. 20.—Bank clearings today were $105,500,000. Clearing house balance was $12,800,000. TREASURY STATEMENT Bu United Press WASHINGTON, AUg. 20.—The Treasury net balance for Aug. 17. was $263,953,940.20. Customs receipts this month to Aug. 17, Were $28,803,848.85. FOREIGN EXCHANGE Bv United Press NEW YORK, Aug. 20.—Foreign exchange opened irregular. Demand Sterling $4.84’/*. off .00%; francs 3.90 11-16 c, ■up .00 3-16; lira 5.22 13-16, off .00 3-16; Belga 13.90 c; marks 23.81%c, off .00%.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Aug. 20.—During the last few days the public has indicated a more optimistic attitude towards the stock market, this attitude is evidently based on the excellent outlook for general industry and the belief that credit conditions will be better or at least stabilized, in so far as industry is concerned, there appears every reason to be optimistic, but similar conditions do not exist in the money market. There is, therefore, the necessity for continuing cautious. The stock market will closely reflect conditions in the money market, all of which may tend to produce irregularity. However, for the moment, the outlook is promising and probably will continue so until changed by tightening money conditions. HONESTY IS CRITICISED Muncie Man Who Wouldn’t Keep SI,OOO He Found Complains. By Times Special MUNCIE, Ind., Aug. 20.—Ollie Sechrest, coal wagon driver, who found a purse containing SI,OOO and turned it over to his employer awaiting finding of the owner, is being “jumped onto” to use his words, because he was honest. He said all his friends criticised him. Mrs. Gladys Doherty, widowed mother of two children, loser of the money, offered to reward Sechrest, but he refused to take anything. The money was insurance on the life of Mrs. Doherty’s late husband. Hoosier in Costly Film By Times Special KOKOMO, Ind., Aug. 20.—Jack Purvis, Kokomo musician, who has been playing with Hal Kemp’s orchestra in New York, has signed a contract to appear as one of the principals in a million-dollar motion picture to be produced by a French company. Purvis’ relatives here include Dick Purvis, a brother, and Mr. and Mrs. John Lowry, brother-in-law and sister.

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 purchased on their merits,

New York Stocks

“““ (By ThomsoD & McKinnon) —Aug. 20— Prev. Railroads— High. Low. 12:00. close. Atchison 19214 ... 191% 191% Atl Coast Line 163'a ... 163‘/2 165 Balt & Ohio 108% 107’/* 108%, 107% Canadian Pac ..211% 211 211%* 210 Chesa Sc 0hi0... 184% ... 184% 184% Chi Sc A1t0n.... 11% 11% 11% 11% Chi & N West.. 83% ... 83% 83% Chi Grt West.. 14 ... 14 14 C R I Sc P 123 122% 123 121% Del Sc Hudson. .193>/* ... 192’/* 191 % Del Sc Lacka.. .133 ... 133 132% Erie 53% 53 53% 52% , Erie Ist pfd .... 57% 57% 57% 57% Grt Nor pfd... 98% ... 98% 97% 111 Central ... 142% Lehigh Valley .. 98 ... 98 101 Kan City South 54% Lou Sc Nash 142 MKSc T 40% 39% 40'% 39% Mo Pac pfd ....118% ... 118% 118 N Y Central 166% ... 166 165% NY C & St L. .126% ... 126% 126 NY NH & H 59% ... 59% 59 Nor Pacific 96% 96% 96% 96% Norfolk Sc West 182 Pere Marquette 132 '•ennsvlvania .. 64% ... 63% 64 PSWVa 142% Heading 103 102’/* 103 102 i Southern Ry ....150% 150% 150% 149% Southern Pac....121% ... 121% 121% St Paul 38 37% 38 37% St Paul pfd 50% ... 50% 50 St L& S W 100% 99 99% 98% St L & S F 116% 115% .116 115 Texas Sc Pac 183 182 183 182% Union Pacific . .194'% 193% 194% 193'% West Maryland. 47% 46% 47 46% Wabash 78% 78 78 77% Wabash pfd S3 Rubbers — Ajax 8% TANARUS% 7% 8% Fisk 9% ... 9% 9% Goodrich 77 ... 77 76% Goodyear 55% ... 55% 55 Kelly-Spgfld 18% Lee 18% ... 18% 19 United States ..32 31 31 31% Equipments— Am Car Sc Fdy.. 90% ... 90% 90 Am Locomotive. 90% ... 88Vs 90% Am Steel Fd 54% 54 54 54 Am B Shoe 40% 39% 40% 40 General Elec ...156% 153% 155 154% Gen Ry Signal.. 70% ... 70% 96% Lima Loco ... ... 40 N Y Airbrake... 41'/s ... 41% 42 Pressed Stl Car 22% Gulf States Stl. 62% 61% 62% 61% Inland Steel ... 65% 65*/* 65% 65 Phil R C & 1... 29 ... 29 29 Rep Iron & Stl 66% 65% 66 66% Otis Steel 23% ... 22% 23 U S Steel 149% 148% 149 149 Alloy 37% 35% 37% 35% Ycuncstwn Stl.. 90% ... 90% 90% Vanadium Corp.. 74 ... 73% 73% Motors— Am Bosch Mag.. 33 ... 33 32% Chandelr 2214®... 22'4 22 Vi Chrysler Corp... 96% w 93% 96% 93 Conti Motors... 12% ll% 12 11% Dodge Bros .... 19 18% 19 18% Gardner 9% ... 9% 10 General Motors .184% 182% 184 185 Vi Hudson 80 79 79 80% Hupp 62% 62 62 62 Vi Jordan 8% Mack Trucks... 90 ... 90 88% Martin-Parry ... 17% ... 17% 17’% Moon 7% ... 7% 8% Paige 42% ... 41 Vi 41% Nash 85% ... 85% 86 Packard 81% 80% 81 30% Peerless 15 Vi Pierce Arrow 13 Studebaker Cor. 81 80% 81 22% I Stew Warner... 92% ... 92% 92% Stromberg Cart 50% Timken Bear .126’% ... 126'% 12T/4 Wiliys-Overland. 21% ... 21% 21% Yellow Coach... 33 32% 33 33% White Motor 36% Mining— Am Smlt & Rig. .215% .. 213 Vi 214% Anaconda Cop.. 67% 66% 67 6.7 Calumet Sc Ariz.. 97% .. 97% 97% Cerro de Pasco.. 78 77% 78 77% Chile Copper 44% ... 44% 44% Greene Can C0p.100% ... 100% 101% Inspiration Cop ... 31 Int Nickel 101 Vi 99% 101 101*4 Kennecott Cop.. 96 95*4 96 96 Magma Cop 50% Miami Copper .. 22 21% 22 22 Texas Gulf Sul. 69- 68% 69 69 U S Smelt 48 ... 48 48% Oils— Atlantic Rfg ...163*4 16114 161% 163 Bainsdill 74% ... 24% 24% Freeport-Texas 62 % Houston Oil 140 139 140 139% Indp Oil & Gas. 26% ... 26% 26% Marland Oil .... 37% 37% 37% 37% Mid-Cont Petrol 29% Lago Oil & Tr.. 31 ... 31 31% Pan-Am Pet 8... 42% 42 42% 42% Phillips Petrol... 40 ... 4040% Pro & Rfgrs 24 Union of Cal 50% 50V* 50% 50% Pure Oil 23 ... 23 23 Royal Dutch ... 58% ... 58% 57% Shell 27 26% 27 26% Simms Petrol 21 Sinclair Oil 26% 26 26% 26Vi Skellv Oil 31 ... 31 30% Std Oil Cal 57*4 57 57*4 57 Std Oil N J 45% 45% 45*4 45% Std Oil N Y 35% 35 V* 35'/* 35 % Texas Corp 62% 62*4 62% 62% Transcontl 7% 7*4 7% 7% Richfield 46% ... 46 46% Industrials— Adv Rumely .... 41% ... 41% 41*/ 2 Allis Chalmers . .128 % ... 128% 127% Allied Chemical. 190 187 190 190 Armour A 19*/* ... 19*4 19*4 Amer Can 104% 103% 104% 104 Am Hide Lea ... 10Vi Am Linseed 118% 116 118 115*4 Am Safety Raz. .. 64 Vi Am Ice 44 43'/* 44 43% Am Wool 17% 16% 17% 16% Curtis 107 ... 107 107% •Coca Cola 163*/2 Conti Can 118 115% 118 116 Certainteed .... 44% ... 4% ... Congoleum 23% Davison Chem.. 53% 53% 53% 53% Du Pont 375% 374 374% 376 Famous Players .140 139% 140 139 Gen Asphalt 76% 75% 76% 74% Int Bus Mch ...126 ... 126 126*/2 Int Cm Engr ... 59% 59% 59% 59% Int Paper .. 69 Vi Int Harvester ...283% 283 28i 279 Lambert 108 ... 107% 108 Vi Loews 55% ... 65 54% Kelvinater 9% ... 9% 9% Montgom Ward .194% ... 193*/i 194 Natl C R 73% ... 72% 71 Pittsburgh Coal. .. ... ... 43 Owens Bottle ... 74’/* ... 79’/* 79% Radio Corp 184% 182% 183 181% Real Silk 39% '29 39% 39 Rem Rand 24% ... 24*4 24% Sears-Roebuck .133% 130% 133% 129% Union Carbide ..164% 164 164% 163% U S Leather 56'/* Univ Pipe 19% OSCsIr Pipe 239 U S Indus A1c0.114% ... 114% 114% Warner Bros ... 83% 81% 93 92% Wright 157 156% 157 157*/* Utilities— Am Tel & Tel.. 176% 176% 178% 175’/* Am Express 194% Am Wat Kks 58 Brklyn-Manh T. 66% ... 66% 66% Col O Sc E 121% 120 121% 121 Consol Gas 148*/* ... 148 147 Elec Pow & Lt.. 36% .... 36% 36% Commonwealth . 83’/* 82% 83’/* ... Nor Am Cos 74 72’/* 74 73 Nat Power 35% 33’/* 35V* 33% Pub Svr N J .... 57% 56% 57% 56% S Cal E 47% 47 47% 47 Vi Std Gas & E 1... 67% 66% 67 66% Utilities Power.. 40% 4040% 39% West Union Tel 145% 144% 145% 143% Shipping— Am Inti Corp... 97% 97% 97’/* 95% Am Ship & Com 3% Atl Gulf & W 1 49 Inti Mer M pfd. 35% ... 35 35 United Fruit , ... 136% Foods— Am Sug Rfg 69% Cudahy 73% ... 73% 73% Beechnut Pkg .. 76% 75% 76% 74% California Pkg 75 Corn Products .. 84'/* 82% 83% 82% Cuba Cane Sup 18*/ Cuban Am Sug. IBV4 Flelschmann Cos. 72% ... 72% 72'/* Jewel Tea ... ... 126 Jones Bros Tea • 31 Natl Biscuit 165% Nat Dairy 85% 85 85% ... Postum Cos 67’/* ... 67% 67'/* Ward Baking B 18'/* 18 18 17’/* Tobaccos— Am Sumatra ... 65 ... 65 65 Am Tobacco ....161 ... 161 Am Tob B 161 Con Cigar i 97 96% 97 96% General Cigar .. 60% ... 60% 60% Lig Sc. Meyers... 87% ... 87% 87% Lorillard 28% ... 28% 28 R J Reynolds ... 134 ... 134 133% Tob Products B. .. ... ... 95'/* United Cigar St. 23% ... 23% ... Schulte Ret Strs 59% 59% 59% 59 DECLARE WAR FOR WINE

France Will Lend Wet Envoy to Twenty Countries. PARIS, Aug. 20. —To counter the dry offensive of prohibitionists, France, as the world’s greatest wine-growing count:. , has named an official “Ambassador of Wine.” M. Gaston-Gerard, mayor of Dijon, has resigned his functions to become ambassador of the vineyards and will go into twenty countries of South America and the East to drum up anti-prohibition enthusiasm. He left today for India and Indochina, for his first mission. Trees Stop Runaway Mules By United Press LINTON, Ind., Aug. 20.—A team of mules belonging to Marion Reintjes, ran away after one became frightened at a small pony. The mules tried to run between two trees and were stoped when the wagon they were pulling would not go through. One tore loose and returned home while the other remained with the wagon.

PORKERS GAIN 10 TO 25 CENTS; CATTLELOWER Receipts Heavier With Price at $12.15 for Bulk; Steers sls. Aug. Bulk. Top. Receipts. 11. [email protected] 12.25 4.000 13. 11.25W12.25 12.25 4,000 14. 11.50 @2.40 12.50 6.000 15. 12.35W12.90 13.00 4.500 16. 12.754/12.90 12.90 5.000 17. 12.10® 12.75 12.75 4.500 18. [email protected] 12.75 4.000 Hogs were 10 cents higher on the hundredweight and pigs in the lower weights were 25 cents higher at the Union Stockyards today. The bulk selling at $12.15® 12.75 and receipts were slightly highter, estimated at 4,000. with *399 animals Jield over from Saturday, The cattle market was steady with steers selling around sls down. Vealers sold 50 cents lower with the best bringing $17.50® 18. The sheep an?l lamb market was steady to unchanged, good lambs selling at sl3® 14, mostly $13.50. The Chicago market opened slow with a few choice loads, 180 to 200 pounds, selling at $12.00® 12.60. 10 to 2d cents lower than Friday's best average. Numerous loads held higher and receipts numbered 35,000, including 6,000 directs. Heavy butchers 250-350 pounds, sold steady at $11.75® 12.25 on the local stockyards today. Other quotations are as follows: 200-250 pounds, were steady selling at $12.25® 12.65; 160-200 pounds, sold 5 cents higher on the bottom price at $12.65® 12.75; 130-160 pounds were steady bringing [email protected] on the market; 90-130 pounds brought $9.50® 11.25, and packing sows sold for [email protected]. Beef steers were steady selling at $13.50® 16 in an unchanged market with receipts at 800 animals in the pens; beef cows brought [email protected]; low cutter and cutter cows were selling at $5.50®7.50, and bulk stock and feeder steers sold for sß® 12. Best vealers were 50 cents lower in a normal market selling at sl7® 18, and heavy calves were steady at s7® 11. The sheep and lamb market was steady the top being sl4. Bulk fat lambs brought [email protected] which was mostly 25 cents higher, and fat ewes selling at $4.50® 6.50.

—Hoes——Hoes— ..PtSS-D.ts, 4 ' oo °: market steady, lusher 255-JSO lbs $11,754/12.25 200-250 bs 12 254/ 12.65 JSS'?22 !5 S 12.654/ 12.75 130-160 lbs 12.004/ 12.50 90-130 lbs 9.504/11.25 Packing sows 10.254/11.25 —Cattle— 2 Receipts, 800; market, steady. Beef steers $13.50% 16.00 Beef cows 9.004*11.50 Low cutters and cutter cows.. 5.504/ 7.50 Bulk stock and feeder steers. [email protected] —Calves— Receipts 350; market, steady to lower. Best vealers $17,004/18.00 Heavy calves 7.00® 11.00 —Sheep— Receipts. 600; market, steady. Top fat lambs sl4 00 Bulk fat lambs 12.50*713.75 Fat ewes 4.50& 6.50 Other Livestock On United Press CHICAGO, Aug. 20.—Hogs—Receipts, 35,000; market on better trade hoßs mostly 10® 15c lower than Friday or steady witn Saturday; packing sows steady: top, $12.65 paid for 180-210-lb. w/.ißhts; butcher medium to choice 250-350 lbs., $11,604/ 12 40-200-250 los $11.75® 12.65; 160-200 lbs.'. $11,504/ 12.65; 130-160 lbs.. $11,604*12 50; packing sows. $10,604/ 11.60; pißs medium to choice. 90-130 lbs.. $10,504/ 12. CattleReceipts. 11,000. Calves—Receipts. 3.000; choice steers yearlings and fat she stock mostly steady to shippers; others weak to unevenly lower; bulls weak to 10c down: mostly 50c lower; stockers and —steady; slaughter classes steers ?°°<j 4 9 .£i* o, ce. 1,300-1.500 lbs.. $14,154* ■: , UOO-L3OO lb"-. $14,254*16.85; 9501.100 lbs.. slhso® 16.90; common and medium 50 lbs., V94* 14.85; fed yearlings Rood to choice. '/00-950 lbs.. $14,654/16.90; Rood to choice 50 lbs. down. $14.10 4/ 1b.65; common to medium, $8,504*14 25 cows good to choice. $9,304* 13; common to medium $7,754/9.50; low cutter and fVJ 4 i er, „yi-2' 1 ®7.75; bulls good to choice beef. $9,754*11; cutter to medium, $7,254/ 9.65 vealers. milk-fed good to choice. sl6 til?i ■> 913&16; cull to common, $84*13, stokers and feeder steers good to choice all weights. $11,754*13.75; common an . d . “£?*. $9,504*11.75. Sheep—Receipts. 20,000; fat lambs, slow, fully 25c lower; spots. 354450 c up; very little done ? n , la /K s *. ra .nk e r **n of the season, fully i-3 of 61 doubles westerns in feeders fleshsheep steady; feeding lambs tending lower. Lambs good to choice 92 lbs. down. $13.50 ® 44 - 75 ; medium, $124,,13.50; cull and comj®9/J2; ewes, medium to choice, L s n„ lbs .-i cul * and common, $1.75®5.50: feeder lambs good to choice. $13,504/ 14.25. Oy United Press , H NC J^? ATI - Aug. 20.—Hogs— Receipts 3,600, holdovers, 193; market, steady; 250bs., $11.50@ 12.40; 200-250 lbs., sl24* l?; 7 SI^ I ?S'A 00 lbs - $124112.75; 130-160 lbs' $11.354* 12.65; 90-130 lbs., $104*11.75; packsow ®> $94/ 10.75. Cattle—Receipts. 2,100, calves, 400; market, steady; beef L s i yearling steers and heifers. sll4/15; beef cows. $7.50@10; low cutter cows. $4,304*7; vealers, $13@17; hc a vy calves, $lO4/14; bulk Stocker and feeder steers, $10.504, 11.50. Sheep—lomKcP I *!* steady-, top fat lambs, sls; bulk fat lambs. $124/ 14.50; bulk cull lambs, s7@lo; bulk fat ewes. $4446.50. Oy United Press „20. —Hogs—Receipts. 500; market, 104/15c lower; heavies, $11,754*12; mediums. $12,254*12.50; Yorkers, $12,254, 12.65; good pigs, [email protected]. Cattle—kl£ht; market, steady; calves. light; market, strong. Sheep and lambs—Light market, steady. By United Press FT- WAYNE, Ind., Aug. 20.—Hogs—Receipts, 150; market steady to 15c higher; lbs - *10.25; 110-130 lbs.. sll.loj '3O-140 lbs., $11.80; 140-160 lbs., $12.95-; 160*180 lbs., $12.50; 180-200 lbs., $12.65 200-250 lbs., $12.40; 250-300 lbs.. sl2; •oso l ™* *i 1 ; 75; ccikhs, slo® 10.25: stags, $7,504*8. Calves—Receipts, 24; market, slf down. Sheep—Receipts, 100; market lambs. sl3/down. By Times Special , LOUISVILLE. Aug. 20.—Hogs—Receipts. 1.600; market steady, heavy and medium b°P. I®® lbs. up, [email protected]: pigs and lights. 180 lbs. down, [email protected]; stags and throwouts. $9.40® 10. Cattle Receipts, 2,100; market, steady to 50c lower; prime heavy steers. $13.50@15; heavy shipping steers, [email protected]; medium and plain steers, [email protected]; fat heifers. $7,504*1 13.50; choice cows. $8®10; medium to good cows, $6.50@8: cutters, [email protected]; canners, [email protected]; bulls. [email protected]; feeders. $94*11.50; stockers. sß4*ll. Calves—Receipts, 1,100; market steady; good to choice. $13.50® 15.50; medium to good, $11.504i!13.50; outs, $11.50 down. Sheep— Receipts. 2,000; market steady; lambs, $12,504*13; choice. $13.50; seconds sß4*) 8.50; sheep, s4@6: bucks. $34*3.50. Saturday’s and Sunday’s shipments: Cattle, 154; calves. 500; hogs. 293; sheep. 703. By United Press PITTSBURGH. Aug. 20.—Hogs—Receipts, 2.500; market 104/jlsc up; 250-350 lbs., $12.50® 13; 200-250 lbs,. [email protected]; 160200 lbs.. $12,754, 13.25: 130-160 lbs.. sl2@ 13.25: 90-130 lbs.. [email protected]; packing sows. $lO4/ 11.75. Cattle—Receipts, 1.000calves. 1,100; market 25c up: beef steers. [email protected];, light yearling steers and heifers. $10.504/1!h25; beef cows. [email protected]; iow cutter and cutter cows. [email protected]/0; vealers, sls® 19; heavy calves, $94/15. Sheep—Receipts. 250: market, strong to 25c np: '‘op fat lambs. sls; bulk fat lambs. $12@15: bulk cull lambs. $8@11; bulk fat eews. ss@7. By United Press CLEVELAND. Aug. 20.—Hogs—Receipts. 2.400; maiket steady to 5c up; 250-350 lbs. [email protected] . 200-250 lbs.. sl2.So@ 12.85; 180200 lbs.. $12,754,12.90; 130-160 lbs.. $12.25 @12.90. 90-130 lbs.. [email protected]: packing sows, $104711.75. Cattle—Receipts, 850. Calves—Receipts, 800; market cattle steady to strong; calves, 50c down; top steers. st ers, [email protected]; beef cows, $7.25479; low cutter and cutter cow-3, $5.50 @6.75: vealers, $15.50@19. .Sheep—Receipts. 1.700; market steady 'to strong: top fat; lamhs. $14.75; bulk fat lambs. * l4 **l 4 -s°; bulk cull lambs, [email protected]; bulk fat ewes, ss@7,

THE INDIANAPOLIS TIMES

In the Cotton Market

(By Thompson Sc McKinnon) NEW YORK. Aug. 20.—We are almost ready to say the crop Is 15,000.000. weevil or no weevil, but we will let it go another week, because the trade wants that time to make up its mind. Sell on advances. The risk is onlv moderate, and if the market goes down, stick to your position. Bv United Press NEW YORK. Aug. 20.—Cotton futures opened steady. October 18.67. up .10: December 18.60; January 18.52: March 18.60: May 18.60. off .03.

Commission Row

PRICES TO RETAILERS FRUITS Apples—New fancy Transparents. $1.25® 1.75 basket; Duchess. [email protected]; fancy barrei apples, seasonable varieties, $5.50; new fancy basket apples. seaonable varieties, [email protected] crate. 40 lbs. Cantaloupes—Home grown, [email protected] flat crate; [email protected] large crate. Gooseberries —Indiana. $5. 24-qt. crate Grapes—California Malagas. $1.75 crate. Huckleberries Virginia $2.50: 12-qt. basket. Lemons—California, $7.50@8 crate. Limes—Jamaica. $1,754/2.25 per 100. Melons—Honey Dew. California. $24/2.25. Oranges—California Valencias. $7 @9.25 Peaches—Elbertas. $1.50@3 crate. Pears—Bartlett. $2.75 box. Plums—California [email protected] crate. Watermelons—Florida. 40@60c each. VEGETABLES Beans—Home-grown stringless, $24*2.50 bu.; Kentucky Wonders, $1,254*1.75. Beets—Home grown. 35c aoz. Cabbage—Home grown, $1.25 hbl. Carrots—Louisiana. 35c doz Cauliflower—Home grown, $2.75 crate. Celery—Michigan. [email protected] crate. Corn—Fancy home grown, 12@20c doz. Cucumbers - Indiana hothouse, home grown, 404*50c. Eggplant—sl.7s® 2.25. 1 Kale—Spring, 60c DU. Mustard—Fancy, home grown. 60c bu. Okra—Tennessee. 75c@$l basket. Onions—Home grown, green. 25@40c doz.; Kentucky yellow, [email protected] bag; homegrown yellow. $1.25. 50 lbs.: white. $1.50. Parslev—Home grown. aOc doz bunches Peas—New York. Telephone. $4.50@5 a 40-lb. crate. Peppers—Home-grown Mangoes. 75c® 51.25 bu. Potatoes—Kentucky cobblers. [email protected] bbl.; fancy home grown. $2.75® 3 hbl. Radishes—Hothouse. Button. 65c doz bunches. Rhubarb—Home grown. 35c doz. Spinach—Fancy home grown. $1.35 bu Sweet Potatoes—[email protected] hamper. Tomatoes—Southern Indiana. [email protected] bu. MISCELLANEOUS Cider—s4.so 6-gal. case: $4.75 doz.. Vagal. Jars. Garlic—California. 15c lb.

Indianapolis Stocks

. —Aug. 20— Bid. Ask Amer Central Life 850 Belt R R Sc Yds com 68 71 / Beit RR Sc Stkvds pfd 59% 63 •Central Ind Power Cos pfd.... 67% 101% Circle Theater Cos com 103* Cities Service Cos com 65% Cities Service Cos pfd 100 Citizen Gas Cos com 56*2 57% •Citizens Gas Cos pfd 102% 103% Commonwealth Loan Cos pfd... 100% 105 Equitable Securities Cos com.. . Hook Drug Cos com 32% ... Indiana Hotel Cos com 125 Indiana Hotel Cos pfd 100 100% Indiana Service Corp pfd .... 90 Ind'anapolis Gas Cos com 59% 64% Indpls & Northwestern pfd... 14 Indpls P & L 6s pfd 104 106 Indpls P & L 7s 99 101 % Indpls Pub Wei Ln Assn ... 47% Indpls St Rv Cos pfd 34*2 35% Interstate P S C prior lein... .103% 107 Interstate P S C 6s pfd 92 98 Merchants Pu Util Cos ofd ...101 Metro Loan Cos 8s 100% 105 North Ind Pub Se'v Cos 65.... 99 *O2 Northern Ind Pub S Cos 7s 105 Progress Laundry Cos com .. 32V* ... E Rauh Sc Sons Fert Cos pfd. 50 Real Silk Hos Cos pfd Standard Oil of Indiana T H I Sc E Trac Com 1 T H I Sc E Trac Cos pfd 15 T H Trac & Lt 93 101 Union Trac Cos com *4 Union Trac Cos Ist pfd 1 Union Trac Cos 2nd pfd *4 Union Title Cos com 80 Van Camp Pack Cos pfd 12 Van Camp Prod Ist pfd .... 96 101 Van Camp Prod 2d Dfd 90 97 •Ex-dlvidend. —Bonds— Belt R R Sc Stk Yrds 4s 89 Broad Ripple Trac Cos 55.... 75 80 Citizens St RR 5s 83% 86% Central Ind Pbwer Cos 6s 101% ... Chi S B Sc N Ind 15 Citizens Gas Cos 5s 102 103 Citizens St R R 5s 83 V* 87 Garfv St Ry 5s 84 89 Home T Sc T of Ft Wayne 65..102 Indiana Hotel Cos bs .101 Ind Northern Trac Cos 5s . 4 Ind Rv & Lt Cos 5s 98 % 102 Ind Service Corp 5s 93 96 Indpls Power and Lt Cos 55.... 99 101 Ind Union Trac Cos 5s 3 Indpls Col & So Trac 6s 99 102 Indpls Gas Cos 5s 101 103 Indpls Sc Martins Trac Cos ss. 30 Indpls Nor Trac Cos 5s 10 13% Indpls Sc Northw Trac Cos 55.. 30 Indpls St Rv 4s 64% 66% Indpls Trac Sc Term Cos 55.... 94 95% Indpls Union Ry 5s 100 Indpls Water Cos Ist 5%s 103 104% Indpls Water Cos Ist 5s 96 Indpls Water Cos 4%s 95 97 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 5s 98 101% T H I Sc E Trac Cos 5s 75 T H Trac & Lt Cos 5s 93 Union Trac of Ind Cos 6s 11 13%

TALK HOSPITAL EXPERT Rochester Physician Named as * Possible Choice. Dr. Christopher Parnell, Rochester, N. Y., has been mentioned as a possible consultant for city hospital it was said today at city hall. The health board, probably will meet tonight to select a consultant in accordance with city council’s demand that someone be retained to study the hospital needs. Dr. Parnell is said to be an expert on hospitalization methods and construction and is understood to be favored by some health board members. CHANGE TAX VALUATION Michigan City and La Porte Given Reductions by State Board. Announcement was made by the State tax board that the original equalization of a 50 per cent increase in tax valuation for Michigan City and La Porte had been cut to 20 per cent as a result of remonstrances, but that in order to achieve the total valuation all incorporated town valuations in La Porte County had been raised 20 per cent. KELLOGG Officials Disagree on Purpose of American’s Visit. By United Press LONDON, Aug. 20.—Considerable comment was voiced in official circles today about the forthcoming visit to England of Frank B. Kellogg. Many well-informed officials believed the American secretary of state might take the opportunity to discuss with Britisn leaders manv phases of present Anglo-American relations. Others believed he would only come here to renew personal friendships he established whil ambassador to th Court of St. James. Other Livestock Rh United Press EAST BUFFALO. Aug. 20.—Hogs—Receipts, 3.700; holdovers, 300; market active 100# 15c up; 250-350 lbs., [email protected]: 200-250 lbs.. $13(1(13.25: 160-200 lbs.. sl3 lri 13.25; 130-160 lbs.. $12,754/ 13.25; 90(1(136 lbs., $12.40(f(j13.15: packing sows. $11(1(11.50 Cattle—Receipts, 2.000 . Calves—Receipts. 900: market steady; veal. 25c up: beef steers, $12.504/16.25 light yearling steers and heifers. $144(16.26: beef cows. $8.25(1i> 10.25; low cutter and cutter cows. $5,254/ 7.25; vealers. $lB4/18.50 Sheep—Receipts. 2.490; market lambs, sdc down; bulk fat lambs. $14,504/ 15; bulk cull lambs, $9.75 @11.50; JiUlk fat ewes, [email protected].

GRAIN FUTURES DROP SLIGHTLY IN PIHPENING Week-End Weather Favors Harevtsing in Northwest and Canada. CHICAGO, Aug. 20.—Weak Liverpool quotations sent wheat sharply lower on the Board of Trade today. Corn was irregular under conflicting influences. Oats lost a fraction. Wheat opened % to 1% cents off, corn ranged from Vs cent down to Vs cent up and oats was off % cent. Provisions were slightly higher. Week-end weather over the wheat belt favored harvesting in the Northwest and Canada. "Traders here were predicting that today s visible supply report would show a large increase in wheat. Tightness in September corn is threatening to influence trade. lowa had more rain Saturday with hail in some sections. Oats has been an indifferent market. Prices last week touched new lows on four successive days with little rallying power shown. Chicago Grain Table —Aug. 20WHEAT— Prev. High. Low. 12:00 close. September ... 1.11% 1.10% 1.10% 1.11% December ... 1.16 1.15% 1.16 1.17 March 1.20% 1.20 1.20% 1.21% May 1.22% 1.22% 1.22% 123% CORN— September ... .92% .89% .91% .89% December ... .74% .73% .73% .73% March 76*4 .75% .76%! .75% OATS— September ... 36 .35% .36 .36 December ... .39** .39 .39 .39% March 41% .41% .41% 414* RYE— September .95% .94% .95% .96* * December ... 98% .97 .97% 98% March 1.00% ... 1.00% 1.01% LARD— September .. 12.37 12 37 12.35 October .... 12 50 . ... 12.50 12.50 December .. 12.70 12.67 12.70 12.65 RIBS— September 14.35 October 13.95 By Times Speeinl CHICAGO. Aug 20—Carlots; Wheat, 185; corn. 63; oats, 300: rve, 4; barley, 103

In the Grain Market

(By Thomson Sc McKinnon) CHICAGO, Aug. 20.—Sentiment generally less bearish and there has been important covering, but market has ahead of it very heavy spring wheat marketing during the next sixty days, while winter wheat movement is still in on in volume, promising increasing stock, therefore although prices appear low expectations, especially on moderate rallies. The corn market is between conflicting influences of very strong cash situation and necessiting stock on one hand and generally favorable crop condition on other, but new crop deliveries appear to discount favorable conditions. Births Boy* Lawrence and Margaret Robertson 955 Congress. Ora and Bernice Newman, 435 W. Twen-ty-Ninth. Albert and Frances South, Coleman Hospital. Glen and Marie Wright, Coleman Hospital. Elvin and Charlotte Downey, 1206 E. Pratt. Floyd anad Bessie Wentworth. 1311 W. Twenty-Third. Alonzo and B;ssle Van Arsdel, 1333 Everett. Ira and Ervia Wods, 1922 Columbia. William and Emma Vanatta. 66 Birch. Arthur ai.d Hazel Lynch, 217 S. McKim. Melvin and Myrtle Ezzell, 2713 N. Eastern. Harry and Alice Kountz. 130 N. New Jersey. Le Roy and Mary Spaulding. 2311 Hoyt. Shirley and Viola Aaalr. city hospital. Bud and Mary Martin, city hospital. Charles and Ethel Hagan. 2021 Shelton. Roy and Alberta Crafton. city hospital. Emerson and Evelyn Brown, city hospital. Earl and Corlna Robinson, city hospital. John and Beulah Forge, city hospital. David and Virginia Aegerter. city hospital. William and Remola Wooden, city hos--1 ita’. ’lia vatha and Gretchen Johnson, city hospital. Leslie and Goldie Betz, city hospital. Otto and Helen Zehr, city hospital. Charles and Bertha Richards, city hospital. Paul and Isadore McCord, 5154 N. Illinois Girls Ansil and Stella Stamm, 1109 N. Haugh. Frank and Anna Sipe, 525 Harris. Raymond and Dorothy Blackwell, Coleman Hospietal. Floyd and Bessie Wentworth, 1311 W. Twenty-Third. James and Bertha Cummings, 1026 Fayette. Jerry and Dave Taylor, city hospital. Henry and Jane Wilson, city hospital. Sylvanlus and Iva Gibson, city hospital. Robert md Alcina Tuttle, city hospital. Vernon and Laura Clark, city hospital. Logan and Trevea Micthell. city hospital. Harrison and Bernice Crutchfield, city hospital. Julius and Flora Keil, city hospital. Kosta and Myrtle Tanasovich, 1615 Dawson.

Deaths John Sella, 40. city hospital, pulmonary tuberculosis. Mayme Scott, 30, 535 Agnes, pulmonary tuberculosis. Thelma Jean Smith, 1, Riley Hospital, dysentery. Mary E. Gallagher, 73. 1731 N. Capitol cerebral hemorrhage. ' Lewis J. Williams, 53, 1010 Edgemont, aortic regurgitation. Sarah Marie Asplurd, 3 mo.. 3124 Phipps, cholera infantum. Mary C. Barton, 84. 55 N. Mount, nephriits. Betty Louise Oliver. 11 mo., Rilev Hospital, malnutrition. Arthur-Shook. 7 city hospital, accidental. William W. Smythe, 1. Methodist Hospital, entero colitis. Frank A. Collyer. 68. Grand Hotel, angina pectoris. Rosa McCormack, 45, Methodist Hospital. broncho pneumonia. John Mack, 60, Big Four Round House, apoplexy. James Eacret, 70, Long Hospital myocarditis. Edna Blanche Shutt, 16, Coleman Hospital, peritonitis. Henrietta Coy, 75. 1125 E. Pratt, hemiplegia. Gilbert Banks, 27, city hospital, acute encephalitis. Solomon Klepfer. 78, 3740 Park, chronic Interstitial nephritis. BYRD TO PICK SCOUT Six Contestants for Polar Trip May Learn Choice Today. NEW YORK, Aug. 20.—One of six finalists in a recent national contest conducted by the Boy Scouts of America may be advised today that he has been chosen to accompany Commander Richard E. Byrd’s Antarctic expedition as the representative of his organization. Young People Elect By Times Special BETHANY PARK, Ind., Aug. 20. Officers were elected as follows for the young people’s conference of the Bethany Park Assembly of the Christian Church, which closed Sunday: President, Dick Clark, Union City; vice president, Robert Kellar, Cory don; secretary. Miss Dorothy Phillips, Newcastle. The older people’s conference convened today.

The City in Brief

Mrs. Henry Ochs, 3410 English Ave., brought a pocketbook containing S9O and some receipts to police headquarters today. She said she

Produce Markets

Butter (wholesale price) No. 1. 49@50c: No. 2. 46® 48c. Butterfat (buying price)—47c lb. Cheese /wholesale selling prices, per pound)—American loal. 36c: pimento loaf. 37c; Wisconsin flat. 29c; prime cream. 32 <&34c; fiat Daisy. 27c; Longhorn. 27c: New York Limberger. 32c. Eggs—Buving prices Fresh delivereo at Indianapolis, loss off. 28@28%c. Poultry (ouying prices)—Hens. 23t*24c; Leghorn hens. 15® 18c. 1928 spring, large breed. 2 libs, and up. 30c: 1%@1% lbs., large. 12c; small. 10c: ducks, 12@13c; geese. 8@10c: guineas, young. 50c: old. 35 'Si 37c. THREE ISSUES FACECONGRESS Problems of Farms, Floods, Cotton Pending. BY C. J. LILLEY WASHINGTON, Aug. 20.—Farmrelief, flood control of the Mississippi tributaries and cotton trading will be three of the problems to confront the December session of Congress, Senator Caraway of Arkansas said today. Caraway is hopeful that the next session will formulate a farm relief program that finally can be adopted and put into effect. “Congress must act when 30 per cent of the producing element of the Nation is in such desperate straits,” the Senator said. Caraway intends to urge extension of Mississippi flood control to include the upper reaches of the tributaries. This summer large sections of his State have been flooded and except in certain districts the cotton crop has been affected se-1 riously by the floods. Caraway’s resolution for elimination of cotton future exchanges is still awaiting disposition in the Senate. As an offset to his measure, Senator Smith of South Carolina has a bill regulating the cotton future exchanges. Caraway charges tfie Smith bill was written by the cotton exchanges, and intends to fight on the floor of the Senate for ending* of what he > terms cotton gambling. U. S. WAGES INCREASE OVER LIVING EXPENSES Pay Makes 50 Per Cent More Gain in Fifteen Years. By United Press WASHINGTON, Aug. 20.—Wages in the United Stats have increased 50 per cent over living expenses since 1913, the United States Department of statistics reported today. Wages in 1920, on an hour basis, were 134 per cent higher than in 1913, the report stated. This was the peak, and in 1921 and 1922 wages dropped unti lthey were a little more than twice as high as ln 1913. • The cost of living in 1920 was 109 per cent higher than in 1913, but because of the higher wages the worker was sti.’ 12.2 per cent better off in his living than in 1913. ATLANTA IS HARD HIT Martin Subtracts 14 Victories and Adds 14 Defeats. MEMPHIS, Aug. 20?—John Martin, president of the Southern Association. announced Sunday that Atlanta must forfeit fourteen games classified as victories because it violated a league rule regulating the number of Class A players each team may have on its roster. Little flock, Nashville and Memphis each will be credited with three victories instead of defeats and Chattanooga will get five in the “won” column and have the same number subtracted from the “lost” column. Birmingham filed the complaint against Atlanta. WORK TOW. THEN HIGH Crew Toils Below Sea Level and on Mountain Peak. By United Press VISALIA, Cal., Aug. 20.—Members of a construction crew building the new Mt. Whitney Giant Forest Trail believe they have established a record in range of altitude to their working places. Several of the crew were until recently station in Death Vallley, 300 feet below sea level. They were then transferred to divisional camp, 12,200 feet up the slope of Mt. Whitney. " V Seek Reprieve for Chow WHITE PLAINS, N. Y., Aug. 20. City Judge Walter G. C. Otto probably will grant a reprieve to the chow dog of Mrs. Angelina Comi, which has been sentenced to die for biting a small boy.

s 4= Sandusky s 4= Tiffin, Ohio Half Fare for Children 5 and Under 12 Years. Saturday Night, August 25 Leave Indianapolis 11.30 p. m., Central Time (12:30) a. m. City Time); returning leave Sandusky 5:00 p. m., Tiffin 6:00 p. m., Eastern Time, Sunday, August 26. Spend Sunday at Cedar Point (Sandusky) . A fine opportunity for members Jr. O. U. A. M., their families and friends to visit the Junior Order Home at Tiffin. Tickets at City Ticket Office, 112 Monument Circle. Phone Riley 322, and Union Station. BIG FOUR ROUTE

had found it In the road. Detective Chief Jerry Kinney said the person identifying the receipts may claim the money and purse. United Commercial Travelers’ Council No. 4 held its annual picnic Saturday at Broad Ripple Park. A dance and athletic contest featured the program. About 150 attended. Ray King, 725 E. Twenty-Second St., and Chester Douglas, 1937 Colman St., were fined and King sent to jail for ten days by Municipal Judge Clifton R. Cameron when arraigned today for running the “Mexican lottery.” King is alleged to have sold a lottery ticket to George Sleets, Negro, and Douglas employed him. Douglas was assessed $25 and King one dollar. Police today fished a Whippet coach out of White River at Washington St. and White River Blvd. There was no driver and no certificate of title. Governor Ed Jackson today approved a parole and remission of fine for Walter Butler, sentenced on June 11 in the Marion County municipal court to thirty days on the Indiana State Farm and fined sllO for intoxication. Butler must pay the costs. The State tax board today approved one bond issue for a township unit road in Concord Township, Elkhart County, and disapproved four others for the same township. The township trustees were ordered to advertise and receive bids for a $54,000 road. The issues disapproved totaled $181,500. Death of David Baker, 50, Negro, of 655 Blake St., at city hospital Sunday, was due to injuries received in an automobile accident July 30 in Illinois, L. A. Lewis, deputy coroner, declared today. Baker’s widow Is a policewoman assigned to the probation department of juvenile court. An honorary citation for his cooperation in efforts to make the annual national encampment of the Veterans of Foreign Wars here a success was received today by Governor Ed Jackson. The citation is signed by Frank Strayer, national commander-in-chief of the veterans’ orgaization. CIGAR DIVIDENDS UP United Boosts Payments to $1 From 80 Cents. By United Press NEW YORK. Aug. 20.—United Cigar Stores Company of America today raised its annual cash dividend from 80 cents a share to $1 a share by the declaration of a quarterly dividend of 25 cents, payable Sept. 29 to stock of record Sept. 12. No distribution in common stock was authorized. The company has previously paid quarterly dividends of 114 per cent in additional stock on the common besides the cash dividend.

MOTION PICTURES

L6JEW'S Bal-AcE

NOW PLAYING Grcia^fto a r* ComadMl —IN— O ■ “The Mysterious Lady” Celebrate the Fall Inauguration ij at the Palace with the season'* , first picture. Other Novelties Lester Huff nt Organ Ml lont. 11-11

“The Street of Forgotten Women” Now Playing Men Band Box, 25c Only Opposite Terminal

-AUG. 20, 1928

DECLARES U. S. BEST FITTED TO FIGHT WITH GAS Scientist Urges Education of American Public in Chemical Warfare. Bit United Press EVANSON, 111., Aug. 20.—Chemicals and gases will be used in future warfare, and the United States is the best equipped nation in the world to fight a chemical war, H. Edmund Bullis, executive secretary of the National Association for Chemical Defense, told an assemblage of noted chemists here today. “Even though a treaty might be ratified prohibiting the use of gas ln warfare.” he said, “chemicals and gases will be used in that war of the future.” Bullis was speaking today at the close of the American Chemical Society Institute which held a three weeks’ session at Northwestern University. Chemicals Most Efficient “The probability of a breach of a treaty becomes greater as the effectiveness of the weapon increases,” he explained. “The World War proved conclusively that chemical weapons were the most efficient least expensive to the Nation and at the same time the most humane weapons that have yet been developed. “History shows that the advent of each new weapon from the cross bow to the musket has always met with opposition, but that these new weapons, when efficient, have always been accepted. It also shows that those nations who have failed to realize the value of the new weapon nave generally suffered because of this failure." Bullis said that many persons have been given exaggerated ideas of the power of gas and believe that .•••mall quantities of some new gas some day may wipe out a city. Urging Educating Public “Our association believes that the danger to our country,” he continued, “lies in the fact that the general public places reliance in these exaggerated and incorrect statements as to the horrors of gas in warfare. Our people are remaining in ignorance about a weapon concerning which they should be informed for their safety. “Many of our best citizens believe that war will be outlawed so that it is not essential for our country to be thoroughly informed regarding the developments in the use of gas in warfare and how best to combat it.

MOTION PICTURES

’N see the greatest iJIJ What a home - comjTj \ come! Never did an Jf-t -A entertainer rec e i v e Jl | such applause! Never did bandsmen receive ttTda such a greeting! And V< \ never have they given Bt— i you more wonderful I- ON THE SCREEN Bp “Jl That Fiery Wisp of if l DOLORES JIQ DEL RIO tHI “NO OTHER Ihrfi WOMAN " Burning With Action 'T MlfcTON jiiuwsTl Bur 11 ii b: ifn

APOUO SEE AND HEAR “WOMEN! THEY TALK ABOUT” VHaplione Drama of Love and Polities WITH IRENE RICH. AUDREY FERRIS. W’M. COLLIER .IR. Vitaphone I Movietone \cts i News