Indianapolis Times, Volume 40, Number 79, Indianapolis, Marion County, 22 August 1928 — Page 10

PAGE 10

STOCKS SPURT AHEAD TO NEW HIGHRECORDS Packard Takes Lead With Heavy Sales; Rails, Steels Climb.

Average Stock Prices

Average of twenty industrials Tuesday was 228/19. up 3.02, new high record. Average of twenty rails was 141.38, up 1.53. Average of forty bonds was 95.87, up .07. By United Press \ NEW YORK, Aug. 22.—Packard swung into prominence today as a market leader, soaring 3% points to 84%, anew high for the year. The entire market continued strong in early dealings, after a higher opening. New highs were made by representative issues in heavy turnover. New records for the year or longer were made by American Smelting, which spurted 3% to 221%, Sears Roebuck up 3% at 143, National Dairy Products up 2% at 92%, Corn Products up % at 58%, Postum Company up % at 71% and Loft up % at 13%. Heaviest trading took place in Packard, the opening sale being 10,000 shares at 83%. The initial deal in Loft involved 11,000 shares at 13%. Armour A opened 10,000 shares at 20 up % and then moved up in active turnover. Packing stocks generally were in demand. Heavy turnover at higher prices was noted in Schulte which continued to creep toward 62. Loew’s also was in demand. Rails were higher, featured by gains in Union Pacific, Missouri - Kansas - Texas; Erie, New York Central. Rubbers were more popular with the majority higher. United States Steel rose to new high on the movement above 152, and other steels followed it upward. General Motors gained more than a point. Describing the market the Wall Street Journal’s Financial review today said: Tuesday’s broad rise carried the Dow-Jones industrial average to a further record high at 228.79, rep-

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WALNUT GARDENS

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Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $3,470,000. Debits were $6,198,000. X TREASURY STATEMENT By United Press WASHINGTON. Aug. 22.—The treasury net balance for Aug. 20. was $257,875,009.84. Customs receipts this month to Aug. 20, were $33,281,402.81. CHICAGO STATEMENT By United Press CHICAGO, Aug. 22—Bank clearings $101,100,000; balances, $5 000,000. FOREIGN EXCHANGE Bu United Press NEW YORK, Aug. 22.—Foreign exchange opened irregular. Demand sterling, $4.84 13-16; francs 3.90%c off .00 2-16; lira 5.23V5C, off .00 3-16; Belga 13.90 c. up ■OP*/.; marks. 23.81 c. resenting an advance* of nearly 8 points from the previous high’ to the current phase of the bull market. At the same time the rails moved up to 141.38, anew high on the movement and at recovery of 8 points from the June low. This evidence of the excellent character of the buying behind the current movement stimulated increasing bullishness and further sharp gains took plape in the early dealings.

In the Stock Market

(By Thompson & McKinnon) NEW YORK, Aug. 22.—As demonstrated by increased volume and rapidly advancing prices, the publics attitude toward the stock market has undergone a remarkable change during the past few days. Much of the enthusiasm is probably due to the improved bank position and also to the rumor that end of the month credit conditions will be different this time because the banks have already began arranging the affairs to meet th? demand. Be this as it may, the momentum gathered during the past few days is likely to carry prices further on through upward course, but until money conditions are brought to normal, a general advance can hardly be expected.'

Commission Row

PRICES TO RETAILERS FRUITS Apples—New fancy Transparents. 1.25© 1.75 basket; Duchess. $1.50(5.1.75; Wealthy $1,250)1.75. Cantaloupes—Home grown. [email protected] flat crate; [email protected] large crate. Gooseberries—lndiana. $5. 24-qt. crate. Graphs—California Malagas, $2 crate. Huckleberries Virginia. $2.50; 12-qt. basket. Lemons—California. $7.5008 crate. Limes—Jamaica. $1.75(52.25 per 100. Melons—Honey Dew. California. $2(5 2.25. Oranges—California Valencias. $7(59.25 crate. Peaches—Elbertas. $1.7502.25. Pears—Bartlett. $4. Plums— Califorrnia. s2@3 crate. Watermelons—Florida. 40060 c each. VEGETABLES Beans—Home-grown stringless, $2,250 2.50 bu.; Kentucky Wonders. $1.5002. Beets—Home grown, 30c doz. Cabbage—Home grown, $1.25 bbl. Carrots—Louisiana. 35c doz. Cauliflower—Home grown. $2.75 crate. Celery—Michigan, [email protected] crate. Corn—Fancy home grown. 10015 c doz. Cucumbers grown, 40 0 50c. Eggplant—sl.7s. Kale—Spring, 60c bu. Mustard—Fancy, home grown. 60c bu. Okra—Tennessee, 75c05l basket. Onions—Home grown, green. 25040 c doz.; Kentucky yellow. $2 0 2.25 bag; homegrown yellow. $1.25. 50 lbs.; white. $1.50. Parsley—Home grown. 50c doz. bunches Peas—New York. Telephone. $4.50 0 5 a 45-lb. crate. Peppers—Home-grown Mangoes. 75c<3 $1.25 bu. Potatoes—Kentucky cobblers, $202.25 bbl.: fancy home grown. $2.7503 bbl. Radishes—Hothouse. Button. 65c doz. bunches. Rhubarb—Home grown. 35c doz. Spinach—Fancy home grown, $1.35 bu. Sweet Potatoes—s 2 hamper. Tomatoes—Southern Indiana, 75c osl. MISCELLANEOUS Cider—s4.so 6-gal. case; $4.75 doz., %- New York Liberty Bonds —Aug. 21Close. P. close. 3%S 99.16 99.10 Ist 4%s 101.2 99.31 3rd 4%s 100.1 4th 4'4s 101.5 101.5 Tr. 4%s 1952 111. Tr. 4s 1954 105.27 105.26 Tr 3%s 103. 103.

Local Wagon Wheat

Local grain elevators are paving $1.20 for No. 5 red wheat and 96c for No. 2 hard wh.tat. Other grades are mirchased on their merits.

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AMUSEMENTS

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HOGS STEADY WITH RECEIPTS TOTAUNG 7,000 Cattle and Steers Unchanged; Lambs Price Drops 25-50 Cents. Aug. Bulk. Top. Receipts. 15. 12.35012.90 13.00 4.500 16. 12.75012.90 12.90 5,000 17. 12.10012.75 12.75 4,500 18. 12.15012.75 12.75 4.000 20. 12.650 12.75 12.75 4.000 21. 12.40012.85 12.85 4.000 22. 12.40012.85 12.85 7.000 The hog market generally was steady with the bulk 160-280 pounds, selling at $12.40® 12.85 at the local stockyards today. Receipts were about 7,000 with holdovers from Tuesday totaling 400. The cattle market opened steady with steers selling for $15.50© 16.50 and cows weak, selling mostly at sls Veajers were also steady, bringing sl7© 17.50. Sheep and lamb market generally was steady, with lambs selling 25 to 50 cents lower, the price being fixed at $12.50@13, and fat ewes brought $5 @6. The Chicago hog market opened about 10 to 15 cents higher than Tuesday’s best prices. Few sales and numerous bids at $12.60® 12.75 on choice 180-230-pound weights. Strictly choice loads held higher and packing sows brought [email protected]. Receipts, 10,000, including 500 directs. Heavy butchers, 250-350 pounds, sold steady at sl2® 12.50 at the Union Stockyards today. Other quotations are as follows: 200-250 pounds, brought $12.50© 12.75; 160201 pounds, was selling at $12.75® 12.85; 130-160 pounds, sold for sl2® 12.75 which was steady with Tuesday’s selling price; 90-130 pounds, brought slo® 11.75, and packing sows were selling at $10.25® 11.50. Beef steers were 25 cents higher on the top price selling at $13.50® 16.25; she stock was weak, selling around steady at s9® 11.50; low cutter and cutter cows brought [email protected] on the local market, and bulk stock and feeder steers sold at sß©l2, Best vealers were steady to unchanged selling at 516.50® 17.50 with receipts estimated at 650, and heavy calves brought s7@ll. The lamb market was 25 to 50 cents lower with sheep steady and top fat lambs selling 50 cents lower at $13.50; bulk fat lambs brought sl2® 13.50, 25 cents lower than Tuesday’s best, and fat ewes sold steady at $4.50® 6.50. Receipts numbered 1,300.

—Hogs— Receipts. 7,000; market, steady. 250-350 lbs $12.00012.50 200-250 lbs 12.50012.75 160-200 lbs 12.75012.85 130-160 lbs 12.00012.75 90-130 lbs 10.00011.75 Packing sows 10.25011.50 —CattleReceipts, J,600; market, steady. Beef steers ..A $13.50016.25 Beef cows 9.00011.50 Low cutters and cutter cows.. 5.500 7.50 Bulk stock and feeder steers.. 8.00012.00 —Calves— Receipts. 650; market, steady. Best vealers SI6.SO*? 17.50 Heavy calves 7.00011.00 —Sheep— Receipts. 1.300; market, steady. Top fat lambs $13.50 Bulk fat lambs 12 00 0 13.50 Fat ewes 4.50 0 6.50 Other Livestock By United Press CHICAGO. Aug. 22.—Hogs—Receipts. 10.000; market, mostly 104/ 25c higher than Tuesday's average; packing sows at full advance; top. $12.85 paid for 180-225-lb. weights; butcher medium to choice. 250350 lbs., $11.75012.55; 200-250 lbs., $11.90 012.85; 160-200 lbs.. $11,604/ 12.85; 130-160 lbs.. $11,154/ 12.65; packing sows. $10,854/ 11.85; pigs, medium to choice 90-130 lbs.. $10.75012.25. Cattle—Receipts, 10,000; calves. 2,000; best steers and yearlings, fat she stock and heifers, steady; early top yearlings. $16.85; other grades, slow; bulls, fully steady; vealers. weak to 50c lower: Stockers and feeders. . steady; slaughter classes, steers, good and choice, 1300-1500 lbs. $14,254/ 16.75; 1100-1300 lbs.. $14.35016.90; 950-1100 lbs.. $14,654/ 17; common and medium. 50 lbs., $94/ 14.75: fed yearlings, good and choice, 750-950 lbs., $14.75 0 17: heifers, good and choice. 50 lbs. down, $14.10016.65; common and medium, $8.50014.25; cows, good and choice. $9,254/ 13; common and medium. $7,654/9 25; low cutter and cutter. $6,254/ 7.65; bulls, good and choice reef. $3,750 11; cutter to medium. $7.230 9.79: vealers. milk fed, good and choice. $16,504/ 18.50; medium. $12.500 16.50; cul. and common, SBO 13.50; stocker and feeder steers, good and choice, all weights. $11.75013.75; common and medium. $9.50011.75. Sheep —Receipts, 17.000; fat lambs, opening. 150 2a„ lower: most sales 25c off; angers, slow; sheep and feeding lambs, about steady: lambs, good and choice. 92 lbs. down, $13014.25; medium. $11,504/ 13: evil and common. $8011.50; ewes, medium to choice. 150 lbs. down. $4.2507.25; cull and common. 1.750>5.25: feeder lambs, good and choice. $13.500 14.15. By United Press FT. WAYNE. Ind., Aug. 22.—Hogs—Receipts, 150, market, steady; 90-10 lbs., $10.25: 110-130 lbs., $11.25; 130-140 lbs., $11.90; 140-160 lbs., $12.45; 160-180 lbs. $12.60; 180-200 lbs., $12.75; 200-250 lbs., 12.50: 250-300 lbs.. sl2 10; 300-350 lbs. $11.85; roughs. $10010.25; stags. $7,504/8. Calves—Receipts, 25: market. sl7 down. Sheep—Receipts. 100; market, lambs, sl3 down. By Times Special LOUIS VILE. Aug. 22 Hogs—Receipts. 600; market 10c higher; heavy and medium hogs. 180 lbs. up. $12.100 12.60; pies and light. 180 lbs. down. $8.60011.20; stags and throwouts. $9.50010.10 Cattle —Receipts. 200; Market steady; prime heavy steers. $13,500 15: heavy shipping steers. $12.50 0 13.50; medium and plain steers, SIOO 12.50; fat heifers. $7,500 13.50; choice cows. $8010: medium to good cows. $6.5008: cutters. $5.500 6.50: canners. $5 0 5.50: bulls. $608.50; feeders. $9011.50: Stockers. $BOll. Calves—Receipts, 300: market steady; good to choice. $13.50015.50: medium to good. $11,500 13.50; outs. $11.50 down. Sheep—Receipts. 7.000: market steady; lambs. $12.500 13: seconds. $808.50; sheep. $40)6; bucks. S3O 3.50. Tuesday’s shipments: Cattle, 417; calves, 160; hogs, none; sheep. 477. Bn T : nitrd Press I PITTSBURGH. Aug. 22.—Hogs—Receipts. 750: market strong: 250-350 lbs.. $12,750' 13.25: 200-250 lbs.. $l3O 13.50: 160-200 lbs.. $13.250 13.50: 130-160 lbs. $l2O 13.50 : 90130 lbs., $11,504/12,50: packing sows. $lO 011.25. Cattle—Receipts. 50. Calves— Receipts. 200; market steady; beef steers. $12015.50: light yearling steers and heifers. $10.50015.25: beef cows. S6O 11; low cutter and cutter cows. $5 0 7.95: vealers. $154/ 18.50. Sheep—Receipts. 750: market weak: ton fat lambs. $14.75; bulk fat lambs, $12,504/ 14.75: bulk cull lambs, SBO 10; bulk fat ewes. $507. Bn United Press CINCINNATI. Aug. 22.—Hogs—Receipts. 2,600; holdover. 658; market steady to 25c un: 250-350 lbs.. $11.750 12.75 ; 200-250 lbs.. $12.2547 13: 160-20 lbs.. $12.25013; 130-160 ,bs.. $11,504/12.75: 90-130 lbs.. SIOO 11.75; packing sows. $94/10. Cattle—Receipts. 350. Calves—Receipts. 325: market steady: beef steers. $11015: light yearling steers and heifers. sll4/15: beef cows. $7,500 10; low cutter and cutter rows, $5 504/7vealers. $l3O 17; heavy calves. SIOO 14; i hulk storker and feeder steers. $10,500 j 11.50. Sheep—Receipts. 1.500: market I steady to 25c down: ton fat lambs. sls: bulk fat lambs. *l2O 14.50; bulk cull lambs. S9O 10.50; bulk fat ewes, S4O 6.50. HARVEY RITES AT HOME Special Train to Take Ex-Ambassa-dor to Vermont. I Bn United Press DUBLIN, N. H.. Aug. 22.—A special train Thursday will carry the body of Col. George Harvey, editor, | publicist and one time ambassador j to Great Britain, to Barnet, Vt., for j funeral services and burial in near|by Peacham, where Harvey was born. Harvey died suddenly Monday at his summer home here.

THE INDIANAPOLIS TIMES

New York Stocks " (By Thomson & McKinnon) ’ —Aug. 22 Prev. Railroads— High. Low. 12:00. close. Atchison 192© Atl Coast Line.. 167% ... 167% 167 Balt & Ohio 112 110% 111 121 Canadian Pac ..214% 212% 212V* 212% Chesa k 0hi0... 185 ... 185 185 Chi & Alton .... 11% ... 11% IIJ/. Chi & N west.. 83% 82% 83Vg 83% Chi Grt West.. 14 13% 14 13% C R I & P 123 ... 122% 122% Del <fc Hudson ..193 ... 193 194‘2 Del & Lacka 1331/. EVie 53% ... 53 Vt 53 Erie Ist pfd 57% 57 57% 57Vi Grt Nor pfd .... .. ... 99% hi Central 148% ... 143% 143% Lehigh "/alley... 99% ... 99% 100% K C South ... 54% 54 Vs 54% 54 Lou & Nash . 143% MK * T 41% 41 41% 41V, Mo Pac pfd ....118% ... 118 V, lIBV2 N Y Central.... 169% ... 168% 169 NY C& St L..125V2 ..I 125% 125% NY NH & H ... .. 59 Nor Pacific... 98 97% 98 97% Norfolk & West. .. ... . 181% Pere Marquette 1331/2 Pennsylvania.... 64 63% 64 63% P & W Va 143 Reading 103 ... 103 102 % Southern Ry 150 ... 150 150% Southern Pac ..122% 122% 122% 122% St Paul st Paul pfd .... 52% ::: 51% 5®% J' ? I H>2% 102 ’ 105 St L & S P 117}* ... 117 116% Texas A: Pac ... 189*2 Union Pacific 196 ... \96 195% West Maryland. 46% ... 45% 46% Rubbers— Ajax 8% g 8% 8 Fisk 10% ... 10 10% Goodrich 80% 79 79% 78% Basov.v. 8* Br. 8” S’< United States".'. 33% 32% 33 32% Equipment, — Am Car k Fd 92 Am Loco 91 " an /■ an Am Steel Fddt.. 54% 54 54 53% Am B Shoe ~.. 40% ... 40% 40% Gen Elec 158% 157 158% 157% Gen Ry Signal.. 99 98% 99 99 Lima Loco ..... 39% 39% 39% 39% N Y Airbrake.. 42% ... 42% 42% Pressed Stl Car ! . ?2% Pullman ho 1 ,80 V; so 1; am. Westingh Air B. 44% ‘ fi 4 4 W lteeli— EleC •■ lOJ ' /4 10 °© 101% 101 V, Bethlehem .... 61% 60% 61 61% Co!orado Fuel .. 62% 62 62% 62% Crucible 79 3 4 79*2 79* 7a 1* Gulf States Stl.! . ™ 2 Inland Steel ... 65 ... 63% 64% Phil R C. k 1... 31 30 31 30% Rep Iron k Stl.. 65% 65 Otis Steel . 25% '24% 25 i? Alloy Steel I*J% I*l% I*l% YoungsVwn'sti:: 91 ‘ * |f' * |s% Va Motors-f- C ° rP * 74 ** Ma * • m 33 33% 33 Chandler 21% 21*4 2121' c°rp .. 95<a 94% 94% 94% Oontl Motors.... 12 ... ip. 117. Dodge Bros l% . JiiJ * Gardner " ■** }2 Graham Paige .42 '41% 'giy. 411. General Motors. 188% 185%. 188% 185% ^* on 81 79% 81 79% jo“Kn"::::::::: *2% 61 6 2 6 l Mack Trucks ... 90 5 * onij on M n '. p *" y ..;: 2 2 , 18 ‘ h p*ri a esf % 83,3 ;ia Pierce Arrow ... 14% | B i* IJ7J Studebaker "cor! 74% 73% 74% 73% Willys-Overland. 22% 22 22% *2l bellow Coach 32% 21. 4 White Motor * '•' 32 * ill" Mining— 38 • Am Smft & Rfg.221% 119% 220'; 218 Anaconda Cop.. g 7% 66 67 66 Calumet & Arlz. 98% 97% 98% 97 Cerrode Pasco.. 77% 76% 77% 77% Chile Copper ... 44% ... 44% Ji,' Greene dan Cop. 101% 101% l”% 1011 Inspiration Cop. 21% * mic 2 Int Nickel .....101% ioovi 101 10} Kennecott Cop.. 95% ../* 95% *2i% Magma Cop * * fS,* Miami Copper... 21% ’ji,. U*ff"smelt 7 ° 3 ' *•>’ Atlantic Rfg ...162 ... ig,% Barnsdale 25% 24 25% ?4i Freeport-Texas .64 % 64 64% 21, Houston 011 ....139% ,39 * • Indp Oil A- Oas. 25% ! 25% Marland Oil 37% 36% 37 ?? Mld-Cont Petrol 28 s , . •>% 3 a Lago Oil &Tr .. 31% 311 3? * Pan-Am Pft B Phillips Petrol . 39% ..l 39., Pro A Rfgrs ..6. . ' 33 2 ?|r* pwS n 0 . Cal .'.:; IS’* - IT- | > She val Dutch ..::: §?*• ••• Simms Petrd! .. "* oS, 4 tkeiiy'oi? 11 ,;;;; 2??, '“' 3 Std OH Cal 57% lis. 2i, 2 lid oil n y •;;; *5% .v;;; T* - 6 2 Richfield 46 45% 46 45 1 ! Industrial,— ,* ,s * Adv Rumely ... 42 s , 42 5 , 42, Allis Chalmors .131 131 13T * Allied Chemmil 189 s 4 189% 189% 188% Armour A 20V4 20 20% 19% Amer Can 108% ... 107% 1.17 i Radiator 152 52 151 %' Am h l pfd J, 1 , Am Linseed 117 ... ii 7 ii,l Am Safety Ra l 65% ... 65% 65 ft" ffe <3% ... 1 43% 43% Curtis 108 ... 107* j 107 * £ OC ?t “ 162% ... 162% 163% Conti Can 117% 118 117 m% Congoleum 24 s . 24% 24% 24% Davison Chem .. 53 s . ... 53% 53 uu Pont) . 376 Famous Players .140’, i39, i4i 141 Gen Asphalt .... 75 ... 74% 75u int bus Mch... .. ::: * 123% Int Cm Engr ... 60% ... '6o s , 60% Int Paner . go Int Harvester .. .286% 253% 286 283 Loews 56% 55% 56 55 s , Lambert 112% 110% 111 no Kilvenater 8% 8% 8% 8% Montgom Ward . 202% ... 99% 201% Mont Natl CR .. 72% 72% 73% 72 s , RR'sh’ugh Coal. 48% . 48% 48% Radio Corn 187 s 4 185 187 184 Real Silk 38% 38% 38% 38 Rem Rand 25 ... 25 25% Sears Roebuck ..143% 141 s ; 142% 139% Union Carbide ..168 167% 168 168% Uni. L D l a „ t - her ’’” 44 ’* ••• 44,4 45H unlv Pipe ... 18% victor 100% ... ioo% 99% U S Indus Alco.. 114 s , ii 4% 115% 114 Warner Bros ... 84% *2% 84% Utilities— Am Tel A Tel... 180% ... 180% 180% Am Express ...197 ... 197 195 Am WalWks.... 58 ... 58 57% Brklyn-Manh T. 69% 69 69% 68% Col G A E 120% ... 120% 120 % Consol Gas 147% 147*2 147', Elec Pow A Lt. 37*2 ... 37*2 37% North Am 74V, 74% 74 ‘ Commonwealth P 83% 83 J3 S ;\ Nat Power 36% 36% 36% 3f.% P' lW Svc N J ... 62% 62 s , 62% 62% So Calif E 48 ... 48 47 5 .* Std Gas A E 1... 61 u 2 ... 67% 67 Utilities Power. 40% 40% 40% 40% West Union Tel.. 147% ... 147% 147% Shipping— Am Inti Corp. .. 103 ... lot 101% Am Ship A Com .. * i 4 Atl Gulf A W I 48% ... 48*4 49 Inti Mer M pfd 35 ... 35 35 U Foods— rlflt •• 136 ' 2 13S *‘ 136 ' s 185*. Am Sug Rfg ... 72% 72 72 s ; 72 Cudahy 77% 77% 77% 78% Beechnut Pkg .. 77 ... 77 76*2 California Pkg ‘ 751 3 Corn Products.. 85% 85 £5% 551. Cuba Cane Su p jgt, 4 Cuban Am Sug ... igu Fleischmann Cos 75*4 74*4 75*4 74% Jewel Tea ... ... 131% Jones Bros Tea 32% Kroger 112% Natl Biscuit ... 169% ... 169% 169 Nat Dairy 92 s i 92 92V 2 90% Postum Cos 71% 71% 71% U’i Ward Baking B 18*4 ... 18 18% Tobacios— Am Sumatra .. 64 ... 64 64% Am Tobacco ....161 ... 161 /m Tob B 161*4 16(,% 161% 162 Con Cigars'... t 5% 95% 95% 95 General Cigar oi Lig A Meyers.. 88% ... 88% 88*; Lorillard 28 s , .. 28% 29 R J Reynolds 133 ... 133 132% Tob Products B 98% 98’4 93 JnitM Cigar St 27 26% 27 Schulte Ret Strs 61% 60% 64% 66% arrangespecial'train FOR I. 0. 0. F. EXCURSION Low Rates for Greensburg Trip Sunday. Special train service from Indianapolis to the Greensburg Home of the I. O. O. F. for the fifth annual homecoming to be held there Sunday has been arranged by the Big Four in cooperation with the officers and members of the local I. O. O F. lodge. The train will leave Union Station at 9 a. m. and leave Greensburg at 4:30 p. m. J. N. Lemon, division passenger agent of the Big Four, has announced that there will be ample room for all on the train. Special low fares and half-fare for children. NEW YORK COFFEE RANGE —Aug 21High. Low. Close. January 15.72 15.72 15.72 March ... 15.76 15.62 15.62 Mav 15.61 15.52 15.52 July 15.35 15.35 15.35 September 15.95 15.85 15.85 December 15.87 15.85 15.85

GRAIN FUTURES CONTINUE DOWN TRENDJN PITS Heavy Canadian Crop May Force Wheat Below. Dollar Mark. By United Press CHICAGO. Aug. 22.—Bearish sentiment prevailed on the Board of Trade early today and wheat prices continued Tuesday’s decline. Favorable weather reports sent corn lower. Oats showed little change. Wheat opened % to 1 cent lower, corn was unchanged to % cent down, and oats was unchanged to Vs cent down. Provisions were about unchanged. Traders who predicted dollar wheat now believe that only serious injury to the Canadian crop can hold prices above the dollar mark. Experts said Tuesday that frost danger in the prairie provinces is practically over. Farmers are offering old corn more freely and receipts are expected to increase. Clear and cool weather favored the crop Tuesday. Receipts of new oats have been heavy • hile the commercial demand has been small. Prices consequently have declined. Chicago Grain Table —Aug. 22WHEAT— Prev. High. Low. 12:00. close. Sept 1.0a% 1.07% 1.08*2 1 08% Dec 1.13% 1 12% 1 13 s , 1 13 s , Mav 1.21 1.20 1.20% 1.20% CJORN— Sept 88% .87 .87 s , .88% Dee 72 5 , .71% 72% .72 s , Mar 74 s , .74% 74 s , .74 5 , OATS— Sept 35% 35% .35 s , Dec 38 s , 38% 38% .38 s , Mar 41% .41 .41*, .41V, RYE— Sept .95 94% .94 s , .95*4 Dec 95% .95% 95 V* .95 s , Mar 98% .98 .98*, .98*2 LARD — Sept 12 35 12.30 12.30 12.35 Oct 12 47 .. . 12.45 12 47 Dec 12.67 12 65 12.65 12.67 RIBS— Sept 14 35 14 35 14 35 Oct 13.85 13.85 13.35 B<l Times Spreint CHICAGO. Aug. 22 —Carlots: Wheat, 119; corn. 72: oats. 97: rye 4; barley. 99.

Births Girls John and Elizabeth Haymaker. St. Vincent’s Hospital. John and Agnes Graesch, St. Vincent’s Hospital. Clarence and Bernice Kaschnick, St. Vincent’s Hospital. Paul and Estella Peters. St. Vincent's Hospital. Peter and Mary Murt St. Vincent's Hospt^l. Alonzo and Rheba Miller. 2370 Hillside. Loomis Jennings. 2311 W Washington. Anthony and Helen Kleber. 844 Chadwick. William and Thelma Cochran. 1751 6 Keystone. Ira and Minnie Anderson. 29 S. Summltt. Walter and Grace Groscloe. 819 Chase. Boys Otto and Marte Meyer. St. Vincent Hospital. Val and Virginia Bunch. St. Vincent Hospital. Mark and Margaret DeHass, St. Vincent Hospital. Albert and Esther Armborst. St. Vincent Hospital. Roy and Rose Chadwick. 905 Madison. Vern and Myrtle Hamilton, 1618 Wade. Kenneth and Ethel Haehle, 1301 S. Sheffield. Chester and Stella Cecil, 537 N. Rural. Roy and Bertha Horton. Methodist Hospital. Everett and Dorothy Day. Methodist Hospital. Charles and Dorothy Carr, Methodist Hospital. Chester and Ruth Nelson, Methodist Hospital. Herman and Alberta Shields. Methodist Hospital. Milton and Hazel Cobb. 273 N. Warman. Mike and Bertha Cervienlc, 1906 Arrow. Twins Charles and Carol Athev, Methodtst Hospital, girl and boy. Deaths Malissa Lax, 1230 N Senate, mitral regurgitation. Robert Foulks. 36. 861 w Twenty-Sixth, acute cardiac dilatation. Wilson Noles, 77, Roosevelt Hotel, chronic myocarditis. John T. Anderson. 67 2434 Brookvllle Parkway, chronic myocarditis. Charles G. Pence, 43, city hospital, general peritonitis. Joseph R. Risdon. 71, Methodist Hospital, hypostatic pneumonia David Baker. 62, city hospita’, acute cardiac dilatation Eliza A. Goodner, 85, 1761 E. Raymond, arterlo sclerosis. Clifford King. 21 Illinois Central Tracks, accidental. Meltina A. Smith. 74, Christiafi Hospital. acute myocarditis James Sulivan, 48. 3130 N Capitol, myoj carditis.

In the Cotton Market

(By Thomson k McKinnon) NEW YORK. Aug. 22 —We had advance Tuesday, most of us respected, the buying wasn't particularly good. Too much of It was short covering. However, the weevil damage Is an actual thing now and must be figured. The weekly weather report will probably be bullish. The trade doesn't know what the crop is and that is why we are having these big swings.

Produce Markets

Butter (wholesale price) No. 1, SO® 51c; No. 2, 480 48%c. Butterfat (buying pricel—47@4Bc !b. Cheese • wholesale /-el ling once., pet pound'—American loaf. 35c: pimento loaf. 37c; Wisconsin flat. 29c; prime cream 32c: flat aDisv. 27c; Longhorn. 28c; New York Limberger. 32c. Eggs Bu vine prices: fresh cellvereo ai Indianapolis, loss off. 28 0 29c. Poultry (buying pricesi— 23024 c: Leghorn hens. 18c. 1918 spring, large braed, 2 lbs. and up. 29030 c; 1% to 1% lbs., large. 23©24c: small. 10011 c; ducks. 120 13c; geese. 8© 10c; guineas, young. 50c; old 35©37c. Bn United Press CHICAGO. Aug. 22.—Poultry—Receipts, 3 cars; fowls. 28® 30c; Leghorns 25c; ducks, heavy. 18c; small, 15c; young. 22c; geese, 14c: young. 19c; turkeys, 20c; roosters. 20c: broilers. 30c. Cheese—Twins. 24%c; young Americas, 25c. Potatoes —Arlvals. 39; on track. 103; ln transit, 532; Kansas and Missouri sacked Irish Cobblers. 700 85c; Wisconsin sacked Irish Cobblers $1.25; Virginia bazrrels Irish Cobblers. $2,600 2.65. Eggs—Receipts, 8.754; extras. 320 32%c; firsts. 290/ 31 %c: ordinaries. 27©28%c: seconds. 230 26%c. Butter—Receipts. 5.384; extras. 46%c; extra firsts, 450 45%c: firsts. 430 44c; seconds 414/42*20; standards. 45%c. Bu United I’eess NEW YORK. Aug. 22.—Flour—Dull and unsettled. Pork —Steady; mess. $33.50. Lard—Steady; mid-west spot. $12.90013. Sugaf—Raw. dull and nominal; spot 96 test, delivered duty paid. 4.18 c; refined dull: granulated, 5.65 c. Coffee—Rio No. 7 on spot. 17%(//17%c; Santos No. 4. 23%®' 24c. Tallow —Steady; special to extra. 8® B%c. Hav—Steady to flr-.r; No 1. $1.30; No. 3. 85C0$1.1O; clover. 80c® $1.20. Dressed poultry—Firmer; turkeys. 254/47c; chickens, 28 0 46c; fowls, 16034 c; ducks. 18©19c; Long Island. 23c. Live poultrysteady to firm: geese. 104/15e; ducks.. 154? 25c; , fowls, 25® 31c; turkeys. 204/25c: roosters. 20c; broilers, 254/ 38c. Cheese Firmer; state whole milk, fanev to snecials. 25%®27c; young Americas. 26%c. Potatoes—Long Island. S2O 2.25; Jersey. $1,604/ 1.90: southern. $1,754/2; sweet, southern. $104.50. Bn United Press CLEVELAND. Aug. 22.—Butter—Extras ln tub lots. 49%®51%c: extra firsts. 45% 0 47%c: seconds 41%@43%e. Eggs—Extras, 38c; extra firsts. 35c; Arts. 32c; ordinaries, 28%c. Poultry—Heavy fowls. 300 31c: Leghorns. 22® 24c; heavy broilers. 35 ®37c; Leghorn broilers. 28©30c; ducks. 20 0 22c; geese, 160 17c; old cocks. 15®17c. Potatoes—U. S. No. 1 cloth top, stave barrels. Virginia. $2.50 0 2/60. Blast Toll Reaches 27 Hu Times Special LAWRENCEVILLE, 111., Aug. 22. —With the death of Sylvester Plough, the toll in the explosion of an oil still at the Indian Refining Company plant here Aug. 1, reached twenty-seven.

New Vests Stop Bullets 1 mm

ifi 5' \ Jap'S*TyC N

Above Lieut. Roy Pope and Motorpoliceman Ed Ball testing one of the bullet-proof vests, six of which have been purchased from the police and firemen's emergency fund for use of officers on the police emergency squads. Below—Lieutenant Pope showing a side view of the vest. Pistol bullets fired at close range bound back from the vest.

Indianapolis Stocks —Aug, 22Bld. Ask 'mer Central Life 650 ... Bell R R & Yds com . 68 71 Belt RR A Stkyds pfd 59% 63 •Central Ind Power Cos pfd 67*2 101 *.4 •Circle Theater Cos com 103*2 ... Cities Service Cos com 65% Cities Service Cos Did 100 Citizen Gas Cos com 56*4 57 s ; •Citizens Gas Cos pfd 102' _• 103 s , 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% Indtana Service Corp pfd 90 Indianapolis Gas Cos com 60 64*2 Indpls & Northwestern old.. 14 Indpls P & L 6s pfd 104*2 106 Indpls P k L 7s 99 101% Indpls Pub Wei Ln Assn .... 47*4 Indpls St Ry Cos pfd 35', 35*2 Interstate P S C prior lein 103*2 107 Interstate P S C 6s pfd 02 93 Merchants Pu Util Cos ofd ...101 •Metro Loan Cos 8s 99 105 North Ind Pub Serv Cos 6s ... 99 102 Northern Ind Pub S Cos 7s. ..105 /Progress Laundry Cos com .... 32% ... E Rauh & Sons Fert Cos pfd. 50 Real Silk Hos Cos pfd Standard Oil of Indiana 75 T H I & E Trac Com 1 T H I k E Trac Cos pfd 15 T H Trac & Lt 93 97 Union Trac Cos com *4 Union Trac Cos Ist Dfd I Union Trac Cos 2nd pfd % Union Title Cos com 80 Van Camp Pack Cos pfd 12 Van Camp Prod Ist pfd 97 100 Van Camp Prod 2d pfd 91 96 •Ex-dUidend. —Bonds— Belt R R & Stk Yrds 4s 89 Broad Ripple Trac Cos 55.... 75 80 Citizens St R R 5s 84 86% Central Ind Power Cos 6s 101'% ... Chi S B k N Ind 15 Citizens Gas Ci 5s 102 105 Citizens St R I 6s 89*', 87 Otry St Ry 5s 85 90 Home T k T of Ft Wayne 6s . 102*2 tndlana Hotel Cos ns . 101 Ind Northern Trac Cos 5s 4 Ind Ry & Lt Cos 5s 98% 102 Ind Service Corp 5s 93 96 Indpls Power and Lt Cos 5s ... 99 100 Ind Union Trac Cos 5s 1 Indpls Col & So Trac 6s 99 102 Indpls Gas Cos 5s 101 Indpls k Martins Trac Cos ss. 30 Indpls & Northw Trac Cos 55.. 30% Indpls k Nortl.w Tiac Cos ss. 30 Indpls St Rv 4s 65 66% Indpls Trac k Term Cos 55.... 94 95*% Indpls Union Ry 5s 94% ... Indpls Water Cos Ist 5%s 103 104% Indpls Water Cos Ist 5s 97 Indpls Water Cos 4%s 96 Water Works Sec 5s 95 99% Interstate Pub S Cos 4%s .... 88 91 Interstate Pub S Cos 5s 95% 98 Interstate Pub SCo 6%s 101% . . N Ind Pub Serv 5s 98 101'% T H I k E Trac Cos 5s 75 T H Trac A It. Cos 5s 93 Union Trac of Ind Cos 6s 11 14 —Sales—--5 shares Indianapolis St Rv, pid 34*2 10 shares Indianapolis St Ry, pfd.... 35% Government Bonds Liberty Loan Ist 3%s 99 32 99.52 Liberty Loan Ist 4%s 100 74 100.94 Liberty Loan 3d 4%s 99.84 100.04 liberty Loan 4th 4%s 99.98 100.18 U S Treasury 4*,s 110.8 C 111. U S Treasury 4 s 105.68 105.83 U S Treasury 3%s 102.84 103.04 U S Treasury 3 s ,s 98.50 99.10 TRACTION CARS CRASH Several Reported Hurt in Head-On Colision Near Shclbyville. Conductor John C. Neal, 4505 !?. Thirtieth St., was seriously injured and several passengers weer slightly hurt in a Southeastern traction car head-on collision at Fairland, Ind* at noon today. The crash tied u£ traffic over the Indianapolis-Greensburg line and bus service was submitted. Officials of the company here said that they expected to be able to route trains over the line this afternoon. The car on which Neal was conductor was bound from Indianapolis to Greensburg, when it ran into an incoming car. The injured were treated at Shelbyville and Neal was brought to Methodist Hospital here. STREET CAR HITS GIRL Hurrying to board a one-man W. Tenth St. “safety” street car this morning. Miss Pearl Chambers, 16, of 254 Minkner St., landed in city hospital with a cut head and several teeth knocked out. Holland Morris, motorman-conductor, 1220 E. Washington St., said he failed to see the woman crossing the tracks at Blake and New York Sts. The rear of the car struck her and knocked her to the pavement.

FIVE INJURED IN AUTO CRASH Motorist Fractures Skull When Car Overturns. Robert Beinburg, 72 N. Dearborn St., is in critical condition at city hospital as the result of a skull fracture received in an automobile accident Tuesday night. Four others, three of whom are girls, also were taken to the hospital. They were riding on the Allisonville Rd. near Keystone Ave.. about 10 p. m., when the machine turned over in a ditch. Thomas Cassidy, 19, of 2621 N. Capitol Ave.. was driving the car, Miss Maude Whallon. 19, of 537 Buchanan St., told police. She was holding the wheel while he lighted a cigaret. she said. Bright lights of an approaching machine caused her to swerve the car and Cassidy seized the wheel quickly, causing it to hit the ditch. Others injured were: Miss Helen Edwards, 18. Apt. 9. Virginia Flats, and Miss Dora Kieth, 19, of 537 Buchanan St. Gus Cuiffre 4263 Guilford Ave., and Joseph Galluggo, 28, of Cleveland. Ohio, were bruised when their car collided with a truck at New York and West Sts. late Tuesday. Both are in city hospital.

ARREST 12 WORKMEN Charge Building Permit Is Invalid. Twelve men working on anew store building at Forty-Sixth St. and Boulevard PI., being built by the Ostrom Realty Company, are under arrest today as result of charges of William F. Hurd, city building commissioner, that no valid permit ! for erection of the building has been issued. Hurd declared he had warned the workmen and the reatly company to stop work. The company got a permit for the building in 1922. and in December, 1927, got the permit renewed, Hurd said. Since then city plan commission has rescinded zoning of the location for business, he said. FINED AT CUSTOMS Wealthy Tourists Pay for Failure to Declare. Bu United Press NEW YORK, Aug. 22.—Redoubled vigilance of customs officials at the ' port of New York endeavoring to prevent smuggling into the United States by returning American tourists resulted in embarrassment to two well-known Americans, it was disclosed today. Joseph E. Widener, Philadelphia, and Ralph H. Booth, Michigan publisher, owner of several western newspapers, were the most cystinguished guests of the custom house officials. Failure to declare a foreign watch valued at $835 resulted in the collection of $2,147.50 from Widener. Neglect in listing $9,000 in clothes and valuables brought aboard by his wife and daughter, may cost Booth SIB,OOO CUT ON FACE; TOMATO BREAKS WINDSHIELD Four Youths Arrested for Throwing Vegetables. Edward Glossey, R. R. 6. box 502, is in city hospital with a badly cutj face, and four youths, who are alleged to have been hurling tomatoes from a truck, are held by police. One of the tomatoes shattered the windshield of the automobile which Glossey was driving, accompanied by his brother, Joseph Glossey. Marshall Walker, driver of the truck, which belonged to the W. G. commission house, 35 S. Delaware St., was charged with speeding and reckless driving; Herbert Child. 826 Pleasant Run Blvd.. and Robert Miller, 1023 Fletcher Ave., with vagrancy, and Paul Miller. 19. of 1325 Fletcher Ave., with vagrancy and assault and battery. Slays Wife He Beat~ Bu Times Speeinl EVANSVILLE, Ind., Aug. 22. Cleveland Hutchinson, 38, Negro, killed his wife, Addibell, 28, three days after he returned from the State penal farm where he served a six months’ sentence on a charge of beating her. Hutchison smashed in the door of the house where his wife was staying and fired a shotgun twice, both shots finding their mark and causing instant death.

.'AUG. 22, 1928

SPECIAL TRAINS CHARTERED FOR V. F. W,SESSION First of 20,000 Delegates Expected to Arrive in City Saturday. Special trains and special pullmans will begin arriving in Indianapolis Saturday for the twenty-ninth annual national encampment of the Veterans of oreign Wars, which opens Sunday, bringing a major portion of the 20,000 veterans who are expected to attend the convention. The Massachusetts and Connecticut veterans will join in a special train picking up ex-soldiers along the route to Indianapolis. A dance marathon wili be staged in two baggage cars en route. The dance will end at convention headquarters in the Claypool. Two sections of a special train will bring delegates from Pennsylvania and New Jersey, and another will bring the New York, New Hampshire ana Rhode Island group. Another train will start from Maine and veterans will join thr contingetn in Vermont. Detroit also will make up a special train. From the West several special Pullmans will birng veterans from Missouri, Kansas, Oklahoma and southern Illinois. The northern Illinois veterans will come in special coaches with delegates from' Wisconsin, Minnesota and other points north. The Ohio and Central Illinois group will come by automobile caravans and railroad. Commander Frank T. Strayer was notified by Army and Navy officers that airplanes will bring Government officials to the convention. Hope that A1 Smith, .Democratic nominee for President, will speak at the convention was boosted today by a letter from MillardVE. Tydings, chairman of the Smith speakers’ bureau. Tydings indicated that the Smith speaking program has not yet been completed and that the V.F.W. invitation was being given consideration. The financial drive for $12,500 was $3,900 short when the committee met Tuesday.

The City in Brief

Announcement of the appointment of F. R. Moore as agent of the I Advance Motor Transport Company, I Inc., was made today. Moore will have offices at 340 S. Delaware St. Moore formerly was traffic manager of the Crescent Paper Company. Mrs. Nellie Smith. 64, of Apartment 8. at 39 Virginia Ave., died suddenly today while visiting friends in the apartment of C. E. Shannon in the Virginia Ave. building. Dep-' uty Coroner Herman Sappington said death was due to heart trouble. Henry Ballard, 26, of 939 S. Harding St., has been reported as missing from home. Mrs. Ballard told I the police her husband left home I last Wednesday. Mrs. Glenn Wells, 130 N. Meridian j St., reported to police that a thief took sls and a silver cream pitcher and sugar bowl from the closet in her home Tuesday night. Democratic party leaders will hear [ Governor Alfred E. Smith’s speech jof acceptance tonight at a radio party in Democratic State head- , quarters in the Claypool. Ray Irey, 34, of Brightwood Y, M. C. A., and John ohope. 40, Negro, 2047 Massachusetts Ave., wt:r held to the Federal grand jury under $2,000 bond each Tuesday by Fae W. Patrick, United States com- < missioner, on liquor law violation charges. Funeral Directors W. T. B LASENGYM~~ Main office. 2226 Shelbv St. Drexel 3570 FINN BROS. FUNERAL HOME X 638 N. MERIDIAN. TA. IMS. George Grinsteiner Funeral director 522 E. Market ' Riley 5374 BERT S GADD 2130 PROSPECT ST. DREXEL 5307 G. 11. HERRMANN 1722 S. East St. Dr. 4477. KRTEGBR, WM. E, FUNERAL DIRECTOR 1402 N Illinois St. Rl. 1243. Res.. Be. 3888-R 1“ UNDERTAKERS HISEY k TITUS 931 N. Delaware LI. 8838 J- C WlLSON—Funeral parlors: ambulanca.' service and modern automotive eauloment Dr 9321 and Dr 0322 T ransportation COAST-TO-COAST YELLOWAY Chicago $4.00 Davton tS.OO St. Louis $5.00 Pittsburßh ...18.00 And points West I And points East II a.m.-ll p.m. daily I 6 a.m.-5 pm. dally. Denison Hotel. RI. 2273, LI. 4383 , Traction Bus Terminal. Rl. 4501. English hotel. Rl, 1273. Lost and Found BILLFOLD—Brown; lost. Can ldentit* Reward. Cl% 1891-J. _ BRACELET—Rhinestone, amethyst; lost vicinity. Day’s Casino. Re Ta. 6782. RED —Peerless double bar bicycle stoler party Is known; no questions asked \ mu returned at once. Call Ta. 6793. CHEck—Payable Helen Rafterv on Ftrat National Bank, netroit, Mich., (or $22.50. • Reward. l\\ 4828 PIN Eastern Star, small, set with pearls, lost Sunday. Reward, 1405 Brookslde Av. RUG —9x12: lost on East St., Park Ave. or Broadway about 7:30 a. m. Monday, Aur. 20, Reward. He. 4460. LADY’S POCKETBOOK Containing diamond ring, wrist watch, platinum bar pin and money. Lost on 22nd St. between Central and New Jersey. Liberal reward. TA. 4428 SCARF—MINK; LOST SATURDAY IN LOEWS THEATER. REWARD. RI. 7080 TRAVELING BAG Containing baby clothes, etc., between Martlnsvtlle-Waver-ly 24$ n. Arsenal. Indpls. 1 VEP.Y —Liberal Tewnrd for information or return of red chow dog. 8 mos. old. black tipped tall, losing nuDpv hair. Child grieving; lost Aug. 7 Ta. 1380. WHITE—BuII dog brindle spots on sld* and hip ’ Billy’ : dog Is under doctor care. Call Rl. 4382. WRIST WATCH—Oruen; lost. Rlversl3i Golf course. Reward. V. O. WilUama, LI. 1828. —-