Indianapolis Times, Volume 40, Number 83, Indianapolis, Marion County, 27 August 1928 — Page 12

PAGE 12

MOTORS LEADS STOCKS RISE IN WEEK Majority of Issues Gain; Accessories Trading Is - Feature.

Average Stock Prices

Average of twenty Industrials Saturday was 234.98, up 1-30. Average of twenty rails was 142. up .30. Average of forty bonds was 96.13. unchanged. Uji United Press \ NEW YORK, Aug. 27.—Opening firm, the majority of issues on the stock market continued the rise in progress the latter part of last week in early dealings today. General Motors rose a point to 195%; steel, U to 151%, and General Electric, 3% to 164%. Motor accessories were the features, with Briggs turning over in huge blocks. The stock rose about a point to 39 and then spurted to 40 on a block of 9,600 shares. Electric Auto Lite rose to anew record at 91%, up 2 points. Eaton Axle and Stewart Warner were strong. Loft opened 20,000 shares at 18%, up %, and then rose to 18%, anew high. New records also were made by Warner Brothers Pictures A at 95%, up 3%, Woolworth up % at 200, Kroger up 1 point at 117%. Describing the market the Wall Street Journal’s financial review today said: Saturday’s buoyant session with the tape running far behind the market and the Dow-Jones industrial averages pushing again into record territory attracted deep public interest over the week-end. Buying orders accumulated in large volume at the opening and prices moved ahead vigorously in the early dealings. Reports from the major industries, particularly the steel trade, continued highly favorable, giving impetus to the advance. Merchandising issues were in urgent demand under the leadership of Woolworth, which rose to its highest price since 1926 at 201, up 1% points. Kroger grocery reached anew record high at 117%, up 1 point. Automobile accessory issues also displayed special strength. StewartWarner spurted 1% points to 99% and Briggs 2% points to 41. Heavy butchers were 30 cents higher on the top selling at $12.50 @l3. Other quotations are as follows: 200-250 pounds, was 25 cents higher on the top, selling for sl3@ 13.15; 160-200 pounds were also 15 cents higher with only on sale price at $13.25; 130-160 pounds was steady, selling at $12.25@ 12.85; 90-130 pounds were steady, bringing $10.50 @l2, and packing sows were selling 25 cents higher at $10.75@ 11.75. Beef steers were selling 25 cents lower, the price quotable at $13.50 @l6; beef cows were 50 cents lower on the bottom price, selling at $8.50 @11.50; low cutter and cutter cows were steady, bringing $5.50®7.50, and bulk stock and feeder steers brought [email protected], about 25 cents higher. Receipts were estimated at ! 600. Best vealers were 50 cents higher on the bottom price, selling at 17® 18. and heavy calves were steady, selling at s7@ll. The sheep and lamb market were steady, the top selling 25 cents higher at $13.75; bulk fat lambs were steady, bringing $12.50® 13.50, and fat ewes brought [email protected]. Receipts numbered 800.

Banks and Exchange

INDIANAPOLIS STATEMENT Local bank clearings today were $3,462,000. Debits were $6,067,000. NEW YORK STATEMENT Ry United Press NEW YORK. Aug. 27.—Bank clearings today were $470,000,000. Clearing house balance was $98,000,000. Federal Reserve Bank credit balance was $85,000,000. CHICAGO STATEMENT Ry United. Press CHICAGO. Aug. 27.—Bank clearings today were $94,600,000. Clearing house balance was $9,900,000. TREASURY STATEMENT Ry United Press WASHINGTON, Aug. 27—The Treasury net balance for Aug. 24, was $209,974,823.69. Customs receipts were $40,875,929.50. FOREIGN EXCHANGE Bn United Press NEW YORK. Aug. 27.—Foreign Exchange opened steady. Demand Sterling $4.84 1316: francs 3.9014 c, off ,001-16 c; lira 5.231ic; Belga 13.90 c; marks 23.82%c.

In the Stock Market

(By Thomson & McKinnon) NEW YORK, Aug. 27.—1 t is to be expected that some further stringency in money may develop to meet the needs of Sept. 1, Sept. 15 and Oct. 1, rather large paying days, but we detect an undercurrent of opinion that the reserve bank policy on money is to undergoe some favorable change. We share this opinion but our reasons are somewhat different from the popular one. We think that high money will have a more serious effect on the bond market than on our industry. If Europe should no longer be able to market its bonds, which must come at frequent intervals to provide interest every month or two on the many bilions that they already owe to the people of the United States, it won’t take long to drain Europe of every gold coin which was hoarded after most laborious efforts. Therefore, we believe the Reserve banks will come to the rescue and restore money rates to a reasonable figure. We are looking for a great business boom in the United States if this develops. But stocks can’t advance every day and do not forget that the “caution” is still a valuable word. CITY HIRES 2,000 CATS French Port Employs Felines to Rid Town of Rats. l!y United Press LE HAVRE, Aug. 27.—Two thousand pussy cats have been put on the municipal pay roll of Havre.' Havre was overrun with rats, a year ago, many of them brought from all parts of the world by the hundreds of boats using the port. The municipality decided to rid the port of rats and hired cats to do it.

New York Stocks (By Thomson St McKinnon) “““

—Aug. 27 Prev. Railroads— High. Low. 12:00. close. Atchison 194% ... 192% 193% Atl Coast Line ... 118 Balt & Ohio ~..111% 110 110% 111 Canadian Pac ..213% 212 213 212% Chesa & Ohio ...185 84 -84% 184 Chi & Alton 11 ... 11 10% Chi & N West.. 84% 84% 84% 84% Chi Grt West... 14 ... 14 13% C R I & P 124 ... 124 124 Del & Hud50n...199 .. 199 198 Del & Lacka 124 Erie 52% 52 52% 52'/a Erie Ist pfd 57% Grt Nor pfd 99% 111 Central 140% ... 140% 140% Lehigh Valley ..140% ... 140% 140% Kan City South 54% 54 54% 53% Lou & Nash 149 'i M K & T 41 40Vi 41 40'4 Mo Pac pfd 121 120 121 120% N Y Central....l7l ... 171 172 N Y C & St L 125 NY NH & H...: 60% 60 60 % 60 Nor Pacific 99% 98% 99% 98% Norfolk & West 183 ... 183 183% Pere Marquette 133% Pennsylvania .. 64 63% 64 63% P & W Va 152 149% 151 151 % Reading 103% Southern Ry ....151'% ... 151'/ .151 Southrn Pac ...123% ... 123% 123 St Paul 37% ... 37% 37%. St Paul pfd .... 51% ... 51 V 51% St L & S W 103% ... 102% 102% St L & S F 117% 117% 117% 117 Texas & Pac ..191% ... 191% 191% Union Pacific ..197% ... 197% 197% West Maryland. 45Ve ... 44% 45 Wabash 77 ... 77 77% Rubbers— Ajax BVs 8 BVs 8% Fisk 10% ... 10% 10% Goodrich 81V2 ... 80% 81 % Goodyear 63% 62 Vi 63 63% Kell.y-Spgfld 19% Lee 20% United States .. 36% 35 35% 35 Equipments— Am Car & Fdy.. 92 ... 92 92 Am Locomitve.. 96% ... 96% 96% Am Steel Fd 53% 53% 53% 53% Am B Shoe 41 ... 41 40% General Elec 164% ... 163% 161 Gen Ry Signal 102 Vi 99% 101% 99 Lima Loco 40% N Y Airbrake ' ... 42 Pressed Stl Car 22% Pullman 81 80% 80Vi 80% Westingh Air B. 46% 54% 46 44% Westingh Elec ..102% ... 101 101% Steels— Bethlehem ... 63 62 62 62‘/a Colorado Fuel .. 62 ... 62 62 Crucible 78% ... 78% 79% Gulf States Stl 62 ... 62 62% Inland Steel ... 65 64% 65 64 Vi Phil R C & I. 64% ... 64 65 Otis Steel 25Vs ... 24% 25 U S steel 151% 150% 150% 151% Alloy 39% 39% 39% 39% Youngstwn Stl ■ 90 Vi Vanadium Corp.. 74% 73% 74% 74% Motors— Am Bosch Mag 32% ... 32% 33 Chandler 21% ... 21% 21% Chrysler Corp .. 98% 97% 96% 97% Conti Motors ... 12 11% 12 12 Dodje Bros 19% ... 19% 19% General Motors .196% 194 194% 195% Graham-Paige... 42% ... 41% 42% Hudson 81% 80% 81Va 81% Hupp 66 Vi 64% 65% 65 Jordan 9% ... 9% 9 Mack Trucks ... 90Vi ... 89% 90% Martin-Parry... 17% 18% 19% 18% Moon 7 5 /s ... 7% 7Vi Reo 29 Vs 28 29 28 Nash 90 ... 90 88% Packard 83% 82% 83 83% Peerless 15% ... 15% 15% Pierce Arrow’ ... 15% 15 15% 15 Studebaker Cor.. 78% 78% 78% 79 Stew Warner ...100 99% 100 98% Murray Body ... 55% 54% 55 54% Timken Bear ...132% 131% 132 131% Willy s-Overland. 22% ... 22% 22% Yellow Coach ... 34% 33% 34% 34 White Motor ... 40 39 39% 38% Mining— Am Smlt & Rfg.237 235 236'/a 238 Anaconda Cop .. 71 Vi 71% 71% 71 % Calumet & Ariz .102% 101% 102 Vi 102% Cerro de Pasco .. 78% ... 77% 78 Chile Copper ... 45% 45% 45% 45% Greene Can Cop 121% 120% 121 119 Inspiration Cop. 22% ... 22% 22% Int Nickel 104% ... 103% 104 Vi Ki nnecott Cop.. 98% 97% 98 97% Magma Cop .... 52% ... 52% 51% Miami Copper .. 21% ... 21% 21% Texas Gulf Sul.. 72% 72',i 72*/a 72 U S Smelt 50% 50Vi 50% 50%

Oils— Atlantic Rfg ..170 167% 168 166% Baursdcll 27 26% 26% 27 Freeport-Texas.. 66% ... 66% 66 Houston Oil 144% ... 142 143% Indp Oil & Gas. 26% ... 26Va 26% Marland Oil 38% ... 37% 38 Mid-Cont Petrol. 30'/s ... 30% 30 Lago Oil & Tr 31 Pan-Am Pet B. 42% 4040% 42 Phillips Petrol . 39Vs ... 39% 39% Pro & Rfgrs 24% Union of Cal 50% Pure Oil 23 Royal Dutch ... 51% .. 51% 59% Shell 26% 26% 26% 26% Simms Petrol .'. 21 21 20% Sinclair Oil 26% 26 26% 20% Skellv Oil 31% Std Oil Cal 58% Std Oil N J 45 Vi 44% 45 45% Std OH N Y .... 35% 35% 35% 36% Texas Corp 63% ... 62% 62% Transcontl 7% 7% 7% 7% Richfield 47% 47% 47% 47% Industrials— Ad Rumely 41% ... 41% 41% Allis Chalmers .132% ... 132% 133% Allied Chemical.2ol% 197 199% 202 Armour A 22'/a 21% 22 21% Amer Can 107 105% 105% 106% Am H L pfd ... 442 .... 42 Am Linseed ....120 118% 120 118% Am Safety Raz. .. 62 Am Ice 43% Am Wool 16% Coca Cola 164% Conti Can 118% ... 118% 118% Certain teed ... ... 43% Congoleum 26% 25% 26% 25% Curtis 113 Vi ... 110% 112% Davison Chem... 55 54% 55 53% Dupont 381% Famous Players.l3B% ... 138% 139 Gen Asphalt ... 75 .. 75 75 . ! Int Bus Mch ... ... 127% Int Cm Engr ... 62% 62 62% 62% Int Paper 69 Int Harvester 284% Lambert 115% ... 115% 114% Loews 57% 57 57% 56% Kelvinator 9 8% 9 8% Montgom Ward.2lß% ... 217 216% Natl C R 84 83% 84 84 Pittsburgh Coal. 47% ... 47% 47% Owens Bottle ... 80 ... 80 Radio Corp 193% ... 191% 190'/, Real Silk 38 37 38 37% Rem Rand 25% ... 25% 25 Sears Roebuck . 152% 151% 152 151% Union Carbide ..171% 170% 171% 170% U S Leather ... 47% 47',4 47% 47 Univ Pipe 18'/a U S Indus Alco. .116% ... 116% 116% Warner Bros A.. 97% 94% 96% 93 Warner Bros B. 96% 93% 96 92% Utilities— Am Tel & Tel... 179'% ... 179% 179% Am Express ...212 ... 212 218 Am Wat Wks. 59 Brklyn-Manh T ... 68 Col G & E 119% ... 119% 119% Consol Gas ....149'4 ... 149 Vi 149 Vi Elec Pow & Lt... 36% 36Vi 36% 36% Interboro 44% Nor Am Cos .... 75'4 74% 75 75'i Nat Power 35% 35% 35% 35% Pub Svc N J... 62 61% 62 62 So Calif El 49% ... 49% 495. Std Gas & E 1... 67*4 ... 67V4 67'i Utilities Power.. 40% 40% 40% 40 West Union Tel.. 147% .. 147% 147% Shipping— Am Inti C0rp...105 103% 105 103 Am Ship & Com 4'i ... 4% 4 Atl Gulf & W 1.. 50% 49% 50'4 49% Inti Mer M pfd 35'% ... 35Vi 34% United Fruit ... 137% .'36'4 137% 135% Foods— Am Sus Rig ... 71 Vs ... 71 Vi 71 Am Beet Sugar.. 22 ... 22 22 Cudahy 75*4 74% 75'% 74% Beechnut Pkg ... 77 76% 77 76% California Pkg.. 73% ... 73Vi 74 Corn Products.. 84 ... 83% 84% Cuba Cane Su p .. ... ... 17 Cuban Am Sug.. 17Vi ... 17% 18% Fleischmann Cos 73% 73% 73% 73% Jew’el Tea ... ... 130 Jones Bros Tea 31% Natl Biscuit ....175% 169% 174 169% Nat Dairy 93% ... 93% 94 Postum Cos .... 73% 72 72% 72 Ward Baking B 18Vi ... 18V4 17% Tobaccos— Am Sumatra ... ... 64% Am Tobacco ...164 163', 2 164 163% Am Tobz B 165% 164% 164% 163% Ccn Cigars 93 ... 93 93% General Cigar 62 Vs Lig & Meyers 92% ... 92% 91% Lorillard 29% ... 29% 29% R J Revonlds.. .145 144% 1345 142% Tob Products B. .100 99% 100 99% United Cigar St .. 35 Schulte Ret Strs 62% 62% 62% ?>7%

In the Cotton Market

(By Thomson & McKinnon) NEW YORK. Aug. 27.—Sentiment is a little bullish on cotton. Local traders were working for an advance last week. We can't see it that way at all. There are some sections in the East where cotton has not done very well, but west of the Mississippi, lt has been a wonderful season and there is the promise of a big yield Bu United Press NEW YORK. Aug. 27.—Cotton futures opened lower. October 18.75. off .11: December 18 60. off .13; January 18.55. off 11; March 18 62. off .12; May 18.63, off .12; July 18.55. off .10. WOMAN BEATER SOUGHT Miss Margaret Austin. 249 E. South St., lost two front teeth and suffered severe bruises on her face when she was beaten by a man and forced out of an automobile near her home at 4:30 this morning, according to police. While Miss Austin was sent to city hospital, police sought the man she said had taken her riding.

HOGS. LAMBS UP 25 CENTS AT YARD HERE Receipts in Porkers Light, While Steers Fail to Make Market. Aug. Bulk. Top. Receipts. 20. 12.65012.75 12.75 4,000 21. 12.400 12.85 12.85 4,000 22. 12.400 12.85 12.85 7.000 23. 12.65013.00 13.00 5.500 24. 12.550 13.00 13.10 5,500 25. 12.50013.00 13.10 3.000 27. 12.80013.25 13.25 3,000 Hogs were steady with the underweight selling 25 to 30 cents higher, bulk of 250-300 pounds, brought 25 cents higher on the top selling at $12.80® 13.25, at the local stockyards today. Receipts were estimated at 3,000 and holdovers from Saturday totaled 608. The cattle market was steady with not enough steers to test the market. Vealers were steady, selling mostly $lB down- The sheep and lamb market was steady with lambs strong, selling mostly 25 cents higher, the top still fixed at $13.75, and good lambs bringing [email protected]. The Chicago hog market opened slow with very little done. The market was about steady with Saturday’s average, few loads selling at $12.50® 12.80, and a bid of $12.85 on choice 180-220-pound weight. The receipts numbered 33,000 including 2,00 directs. “-Hogs— Receipts, 3,900; market, steady to higher. 250-350 lbs. . $12.50013.00 200-250-lbs 13.00013.15 160-200 lbs . 13.00013.15 130-160 lbs 12.250 12.85 90-130 lbs 10.50012.00 Packing sows 10.75011.75 —Cattle— Receipts. 600; market, steady to lower. Beef steers Beef cows 8.50 ft 11.50 Low cutters and cutter cows .. 5.500 7.50 Bulk stock and feeder steers. 8 90012.00 _ —Calves— Receipts, 400; market, steady to higher. Best vealers $17.000 18.00 Heavy calves 7.000 11.00 _ —Sheen— Receipts. 800; market, steady, to higher. Top tat lambs $13.75 Bulk fat lambs 12.50013.50 Fat ewes 4.500: 6 .50

Other Livestock It !l United Press Al '8- 27.—Hogs—Receipts, 33,000; market, 10015 c higher than Saturday or steady with Friday's average; top $12.90 paid for choice. 185-220-lb. weights; butchers, medium to choice, 250350 lbs.. $11.85".' 12.65: 200-250 lbs., $l2O 12.90; 160-200 lbs., $11,600.12.90; 130-160 lbs,. $11.250 12.50; packing sows. sllO 11.90; pigs, medium to choice, 90-180 lbs'.. $10.500 12.25. Cattle—Receipts, 19,000; calves, 3,000; best steers and yearlings, strong; others, slow; early top. $16.90; fat she stock and bulls, mostly steady; best vealers to shippers around steady at $17.50 and above; others, unevenly lower; Stockers and feeders, steady; slaughter classes, steers, good and choice. 1300-1500 lbs., $14.25016.85; 1100-1300 lbs., $14.250 16.90: 950-1100 lbs., $14.500 17; common and medium. 850 lbs. up. $9014.65; fed yearlings, good and choice, 750-950 lbs., $11.75 017; heifers, good and choice. 850 lbs. down. $14.100 16.65; common and medium, $8,500 14.25; cows, good and choice, $9,250 13; common and medium. $7.65 0 9.25; low cutter and cutter. $6.250 7.65; bulls, good and choice, beef, *9.750 11: cutter to medium. $7.2509.75; vealers. milk fed good and choice. $15.500 17.50; medium. $12.75015.50; cull and common, sßor 12.75; stocker and feeder steers, good and choice, all weights. $11.750 13.75; common ar.d medium, $9.500 11.75. Sheep— Receipts. 20,000; fat lambs, active, strong to 15c higher; sorts, considered; sheep, weak; feeding lambs, strong to a little higher in spots; lambs, good and choice, 92 lbs. down. $13.65014.75: medium. $l2O 13.65: cull and common. $8.750 12; ewes, medium to choice, 150 lbs. down. $4,250 7.25: cull and common. $1,750 5.25; feeder lambs, good and choice. $13,500 14.25. Hi/ Times Special LOUISVILLE. Aug 27.—Hogs—Receipts. I. market 15c higher: heavy and medium hogs. 180 lbs. up. $12.400 12.90: pigs and lights, 180 lbs. down. $8.90011.50; stags and throwouty. $9.800 10.40. Cattle —Receipts. 1,700: market steady; prime heavy steers. $13.50015; heavy shipping steers. $12.500 13.50; medium and plain steers, slo© 12.50; fat heifers. slso® 13.50; choice cows. sß© 10; medium to good cows. $6.50 08; cutters. $6 0 6.50; canners. SSO 5.50; bulls. S6O 8.50; feeders s9® 11. Stockers, $BOll. Calves—Receipts. 1,000: market steady; good to choice. $13.500 15.50: medium to gool, $11,500/ 13.50; outs. $11.50 down. Sheep—Receipts. 1.400; market st&ec'y; lambs. $12.500 13: seconds, $8 0 8.50; sheep. s4® 6; bucks. $3 ©3.50. Saturday's and Sunday's shipments: Cattle. 126: calves, 523; hogs, 296: sheep. 774. Bp United Press TOLEDO. Aug. 27.—Hogs—Receipts, 400; market 10015 c up: heavies, sl2® 12.50; mediums. $12.750 13.15: Yorkers. $12.75® 13.15; good pigs. $l2O 12.50. Cattle Receipts. 150: market mostly feeding steers, steady. Calves—Light; market steady. Sheep and lambs—Light; market steady. B // United Press EAST BUFFALO. Aug. 27.—Hogs—Receipts. 400; holdovers, 200: market active, 150 2c up; 250-350 lbs.. $12.600 13.15; 200250 lbs., $13,200.13.50; 160-200 lbs.. $13.25 0 13.50; 130 160 lbs., $13.50; 90-130 lbs., $12.500 13.35; packing sows. sllO 11.75. Cattle—Receipts, 1.900. Calves—Receipts. 1,000: market steady; beef steers. $12,500 16.25; light yearling steers and heifers, $l4O 15.75; beef cows, $8.250 10.25; low cutter and cutter cows. $5.250 7.25; vealers, $18,500 19. Sheep—Receipts. 5,600; market lambs. $1 lower; top fat lambs, $14.50; bulk fat lambs. $l4O 14.50: bulk cull lambs. *8.50011.50; bulk fat ewes. $5.250 7. Bn United Press PITTSBURGH. Aug. 27.—Hogs—Receipts, I. market steady: 250-350 Tbs.. $12,650 13.25: 200-250 lbs.. $12,904/ 13.50: 160-200 lbs.. $13.10013.50; 130-160 lbs., sl2'./13.50; 90-130 lbs., $11,500 12.50; packing sows. $10.25011.50. Cattle—Receipts. 1.200. Calves—Receipts. 900; market steady; beef steers. $l2O 15.40; light yearling steers and heifers. slo|so® la; beef cows. $8,500 11; low cutter and cutter cows, $508; vealers. $l5O 18.50; heavy calves. S9O 15. Sheep—Receipts. 3,500; marke steady; top fat lambs, $14.75; bulk fat lambs. $12.50 0 11.75: bulk cull lambs. SBO 16; bulk fat ewes. ss®7. By I nited Press CLEVELAND, Aug. 2J. —Hogs—Receipts, 2.000; market. 15c up; top. $13.75; 250350 lbs.. $112.500 13.25; 200-250 lbs.. *13.15 0 13.25; 160-200 lbs.. $13.15® 13.25; 130-160 lbs.. $12.500 13.25; 90-130 lbs.. *12.50013.75; packing sows, *10.500 12. .Cattle—Receipts. 800; calves, 600: market, steady to weak; beer steers. *10012.25; beef cows, $7 50© 9.50; low cutter and cutter cows, $5.50® 7; vealers. $l6O 19. Sheep—Receipts. 2,200; market, steady to strong: top fat lambs. $14.75: bulk fat lambs. $l4O 14.50; bulk cull lambs, $10.500 12; bulk fat ewes, $507. Bit United Press FT. WAYNE. Ind.. Aug. 27.—Hogs—Receipts. 100; market, steady to 25 cents higher; 90-110 lbs.V $10.50; 110-130 lbs.. $11.50; 130-140 lbs.. sl2: 140-160 lbs.. $12.50' 160-180 lbs., $12.75; 180-200 lbs.. $12.90: 200-250 lbs.. $12.75: 250-300 lbs.. $12.50: 300-350 lbs.. sl2: roughs. $10.500 11; stags. $7.50©'8. Calves—Receipts, 25; market. $17.50 down. Sheep—Receipts. 50; market, lambs sl3 down. Bn United Press CINCINNATI. Aug. 27.—Hogs—Receipts, 2.600: holdovers, 1.076; market, steady to 10c up: 250-350 lbs., $11.75(t 12.85; 200-250 lbs.. $12.500 13.25; 160-200 lbs.. $12.50©> 13.25; 130-160 lbs.. $11.75012.85; 90-130 lbs.. $100:12.25; packing sows. $9.25©11. Cattle—Receipts, 2,350; calves. 450; market, steady; beef steers. $11®15; light yearling steers and heifers, sll ©ls; beef cows. $7.50 0 11; low cutter and cutter cows. $5,500 7' vealers. $l3O 17; heavy calves. slo® 14: —ilk stocker and feeder steers. $10,500 11. Sheep—Receipts. 600: market, steady; top fat lambs. sls: bulk fat lambs. $12014.50: bulk cull lambs. $6010; bulk fat ewes. $406.50. RAW SUGAR OPENING Bp United Press NEW YORK. Aug. 27.—Sugar futures opened lower. September 2.24. off .01: December 2.40. off .021; January 2.41. off .01; March 2.43, unchanged; May 2.50. off .01. New Fraternity at Wabash CRAWFORDSVILLE. Ind., Aug. 27.—Beta Kappa, national fraternity, will instal la chapter at Wabash College here, officials announce. Beta Kappa was established in 1901 and has thirty chapters. With forming of the chapter. the number of national societies on the Wabash campus will have been raised to ten.

THE INDIANAPOLIS TIMES

Commission Row

TRICES TO RETAILERS FRUITS Apples—New fancy Trar .parents. $1.25® 1.75 basket; Duchess. sl.f jffil.7s: Wealthy. $1.2501.75. Cantaloupes—Home grown. 75c®$l 25 flat crate; $2.50(®3 large crate; Tip-Top. $2.50® 4 bbl. Grapes—California Malagas. $2 crate. Huckleberries Virginia $2.50: 12-qt. basket. Lemons—California. $7.50@8 crate. Limes—Jamaica. $1.75©2.25 per 100. Melons—Honey Dew. California. $2<!£2.25. Oranges—California Valencias. $7(49.25 crate. Peaches—Elbertas, $1.75®2.25. Pears —Bartlett. $4. Plums—California. s2©3 crate. Watermelons —Florida, 40060 c each. VEGETABLES Beans—Home-grown stringless. $2.25® 2.50 bu.; Kentucky Wonders. $1.75 @2. Beets—Home grown, 30c doz. Cabbage—Home grown. $1.5001.75 bbl. Carrots—Home grown. 35c doz. Cauliflower—Home grown. $2.75 crate Celery—Michigan. $lO 1.15 crate. Corn—Fancy home grown. 104/ 20c doz. Cucumbers grown, 40@50c. Eggplant—sl.7s. Kale—Spring, 60c bu. Mustard—Fancy, home grown. 60c bu. Okra—Tennessee. 75c@$l basket. Onions—Home grown, green. 25 (it 40c doz.; home-grown yellow. $1.25. 50 lbs.: white. $1.50. _ . Parsley—Home grown. 50c doz. bunches. Peppers —Home-grown Mangoes .sc® $1.25 bu. Potatoes—Kentucky cobblers. $202.25 bbl.; fancy home grown. $2.75®3 bbl. Radishes—Hothouse. Button. 6Sc doz. bunches. Rhubarb—Home grown. 35c doz. Spinach—Fancy home grown. $1.35 bu Sweet Potatoes—s 2 hamper. Tomatoes—Southern Indiana. ?sc@sl. MISCELLANEOUS Cider—s4.so 6-gaL case: $4.75 doz.. %- g&l. Jars. Garlic—California. 15c lb.

Produce Markets

Butter (wholesale price) No. 1. 50©51c; No. 2. 48©.48%c. Butterfat (buying price)—4Bo49c lb. Cheese .wholesale selling prices, per pound I—American loaf. 35c; pimento loaf, 37c; Wisconsin flat, 29c: prime cream 32c; flat Daisy. 27c; Longhorn. 28c; New York Limberger. 32c. Eggs—Buvtna prices- Fresh dellvereo ai Indianapolis, loss off. 29030 c. Poultry (buying Drlcesi—Hens. 23®24c: Leghorn hens. 18® 19c: 1928 spring, large oreed, 2 lbs. and up 29®30c; 1% to 1% lbs., large. 23024 c; small. 10@13c; ducks, 12®13c: geese. 8®10c: guineas, young. 50c; old 35® 37c. Bn United Press CLEVELAND. Aug. 27.—Butter—Extras in tub lots, 49% 0 51%c: extra flrsts. 45%0 47%c; seconds. 4! %®-43%c. Eggs—Extras. 38c; extra flrsts. 35c; flrsts. 33c: ordinaries. 28%c. Poultry—Heavy fowls. 30 0 31c: Leghorns. 220 24c; heavy broilers. 344i 36c: Leghorn broilers. 30® 32c; ducks. 204i 24c; geese. 160 17c; old cocks, 17018 c. Potatoes—U S No. 1 clot top, stave barrels. Virginia. $2.50. Bn United press NEW YORK. Aug. 27.—Flour—Steady and quiet. Pork—Steady. Mess—s33.so. Lard—Dull. Midwest spot—sl3® 13.10. Sugar—Raw. dull: spot test delivered duty paid. 4.14 c; refined, dull; granulated. 5.65. Coffee—Rio No. 7 on spot. 17% 017 Vic; Santos. No. 4. 23%4/23%c. Tallow—Quiet; special to extra. 8© B%c. Hav—Dull; No. 1. $1.35: No. 3. 90c®51.15: clover, 85c4/$1.30. Dressed poultry—Quiet; turkeys. 254/47c: chickens. 28© 46c: fowls, 164134 c; ducks, 184/19c: Long Island. 23c. Live poultry—Quiet; geese. 10® 15c; ducks, 154/ 25c: fowls. 28 0 33c; turkeys. 204/25c; roosters. 20c: broilers. 284/ 38c. Cheese— Firm: State whole milk. 25%(1/27c; young .Americas, 26%4/27c. Potatoes—Long Island, $1.85© 2.25; Jersey. $1.650 1.90; southern. $1,504/2. Sweet potatoes—Southern. $1,504/5: Jersey, basket. $1,504/2.75. Butter—Steady; receipts, 471; creamery extras. 47%c; special market. 480 48' jC. Eggs—Firm: receipts. 10.738; nearby white fancy. 484/ 51c: nearbv State whites. 34® 47c; fresh flrsts. 31 %"/ 32%c; western whites. 32 0 38c: Pacific coasts. 37@46%c: nearby browns. 3s©46c.

Indianapolis Stocks

—Aug. 27Bid. Ask Amer Central Life 650 . . Belt R R & Yds com 68% 71 Belt RR & Stkyds pfd 59% 63 •Central Ind Power Cos pfd... 96 101% •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 lOBV3 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 Indianapolis Gas Cos com 60 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 Ry Cos pfd 35% 37 Interstate PS C prior 1e1n... .103'% 107 Interstate P S C 6s pfd 92 98 Merchants Pu Util Cos ofd ...101 “Metro Loan Cos 8s 99 103 North Ind Pub Serv Cos 65.... 99 102 Northern Ind Pub S Cos 75... 107% ... Progress Laundry Cos com .... 33 E Rauh & Sons Fert Cos pfd. 50 Ileal Silk Hos Cos pfd' . standard Oil of Indiana 74% ... V H I & E Trac Com ! T H I & E Trac Cos nfd IS T H Trac & Lt 90 ’94 Union Trac Cos com 14 Union Trac Cos Ist nfd 1 Union Trac Cos 2nd Dfd *4 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-dividend ' —Bonds— Belt R R & Stk Yrds 4s 86 Broad Ripple Trac Cos 5s 76 an Citizens Gas Cos 5s 101 103 Central Ind Power Cos 6s 101% ... Chi S B & N Ind 15 Citizens Gas Cos 5s 102 103 Citizens St R R 5s 84 90 Gary St Ry 5s 85 90 Home T & T of Ft Wayne 65..102 Indiana Hotel Cos fts 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 55... 99 100 Ind Union Trac Cos 5s 1 ... Indpls Col & So Trac 65...... 99 102 Indpls Gas Cos 5s 101 Indpls & Martins Trac Cos 5s 30 Indpls & Northw Trac Cos 55.. 30% ... Indpls & Northw Trac Cos 55... 34 Indpls St Ry 4s 65 67% Indpls Trac & Term Cos 55.... 94 96 Indpls Union Ry 5s 94% ... Indpls Water Cos Ist 5%s 103 104V* Indpls Water Cos Ist 5s 9*S Indpls Water Cos 4lis 95 Water Works Sec 5s 95 99% Interstate Pub S Cos 4%s .... 89 91 Interstate Pub S Cos 5s ..... 93 98 Interstate Pub S Cos 6%s 101% ... N Ind Pub Serv 5s j 98 101% T H I & E Trac Cos 5s 75 T H Trac & Lt Cos 5s 93 ... Union Trac of Ind Cos 6s 11 14 Government Bonds Liberty Loan Ist 3%s 99.36 99.56 Liberty Loan Ist 4Vis 100.82 101.02 Liberty Loan 3d 4%s 99.86 100.06 Liberty Loan 4th 4%s 101.06 101.56 U S Treasury 4’,s 111.36 111.56 U S Treasury 4s 106.14 106.34 U S Treasury 3%s 103.20 103.40 U S Treasury 3%s 98.58 98.78

Local Wagon Wheat

Local grain elevators are* paying $1 26 for No. 2 red wheat and 98c for No. 2 hard wheat. Other grades are purchased on their merits.

The All Kids Klub' SIGN AND BRING TO THE TIMES OFFICE BEFORE NEXT TUESDAY. To the Secretary of Broad Ripple Park and Indianapolis Times All Kids Klub for Boys and Girls: I hereby apply for membership ln the ALL KIDS KLUB Sponsored by Broad Ripple Park and Indianapolis Times PLEDGE; I promise to always play fair and indulge in good, clean, wholesome recreation and to try and influence other boys and girls to do likewise. I further promise to observe all safety first regulations. Date Name Address Town state Date of Birth Indorsed by (Parent or Other Adult)

CANADA WHEAT MAY NET LESS THANBSCENTS First Payment to Farmers to Be Made Today; Grains Unsteady. Bn United Press CHICAGO. Aug. 27.—Uncertainty was reflected in grain prices on the Board of Trade today. Corn and wheat were irregular, but little changed. Oats was slightly lower. Wheat opened •! cent off to Vs cent up. Corn ranged from % cent off to % cent up and oats was unchanged to % cent off. Provision. 1 ; were slightly lower. The Canadian wheat pool will announce today the first payment to farmers on this year’s wheat. The initial payment last year was $1 a bushel, but this year’s crop is expected to bring 85 cents or less. Frost was reported at several points in Canada Saturday. Heavy rains, hail and strong winds were reported In the lowa and eastern Nebraska com fields Saturday, and many points complained of serious crop damage. Low prices on oats have encouraged buying for domestic consumption and export. Chicago Grain Table —Aug. 27WHEAT— Prev. High. Low. 12:00. Close. Sept : 1.10% 109% 1.10% 1.10% Dec 1.16% 1.15 1.16% 1.15% May 123% 122% 1.23% 1.23 CORN— Sept 91% .90% .91% .91 Dec 73% .73 73% .73% March 76 .75% ' .76 .75% OATS— Sept .37% .37% 1.37% .37% Dec 40% 40% .40% .40% March 43 42% .43 .42% RYE— Sept 96% .96% .96% Dec 96% 96% 96% .96% March 99 98% .99 .98% LARD— Sept 12.47 12.35 12.47 12.45 Oct 12 60 12 50 12.60 12.60 Jan 13.05 12.95 13.05 12.95 RIBS— Sept 14.25 .... 14.25 14.20 Oct 13.95 Bn Times Special CHICAGO. Aug. 27.—Carlots: Wheat. 101; corn. 106; oats. 84; rye. 4: barley, 90.

The City in Brief

John Ketcham, 10, son of Mr. and Mrs. Henry Ketchan. 5139 Kenwood Ave.. was bitten twice by a dog Saturday afternoon. The dog was ordered penned up for ten days for observation. Don L. Stedfeld, 2063 N. Meridian St., was arrested on the charge of operating a motor vehicle while under the influence of liquor following an accident in front of 975 W. Washington St„ at 11:30 p. m., Sunday. Stedfeld’s automobile collided with the parked automobile owned by Richard McCay, 975 W. Washington St. Jack La Grange, 39, of 705 Weghorst St., was arrested Sunday on charges of drunkeness, operating a motor vehicle while intoxicated and disregarding a traffic signal. The arrest was made at Illinois and Washington St. La Grange’s roadster was held. More than 400 delegates are expected to attend the convention of the Theta Chi. college fraternity, to b held here Thursday through Saturday. Headquarters will be at the Lincoln. G. Schuyler Blue. Security Trust Company, is heading local entertainment committee. Virgil Cash. 919 Chase St. was arrested Sunday on charges of operating a blind tiger in a raid by police. Also arrested were Robert Lamb, 919 Chase St., on charges of operating a blind tiger, and interfering with the legal process of law, and Paul Smith, 919 Chase St.. Raymond Lewis, 1109 S. Pershing Ave., and Virgil Douglas. 1157 Vincennes Ave., on charges of vagrancy. Jarold C. Megrew, Post No. 1 of the United Spanish-American War Veterans held a picnic at Brookside Park Sunday with several hundred attending. A basket dinner was served at noon. Oliver Sears. Charles Schilling, Frank Gray. Roy Pyng and Ninevah Johnson were in charge. Ironwood camp of the Royal Neighbors will give a card party Thursday evening at the hall, Capitol Ave. and North St. A meeting for the juvenile order will be held the same night. A number of vacancies in junior examiner positions for the Patent Office at Washington are to be filled by examination, Henry M. Trimpe, local civil service secretary, announced today. Salary is $2,000 a year.

Akron Drill Team Here

V v ' > ' I L ..

A special train from Ohio brought the famous Akron twenty-man drill team heading the Buckeye State delegation to the encampment of the Veterans of Foreign Wars in Indianapolis this week. The mascot is Harold McGrath, 7 (left), who posed beside Forrest Good, the tallest man in the team. The patrol is from post No. 967 of Akron.

GRAB CONTROL OVERJJBERIA Firestone Loan Gives U. S. Dictatorship. Bn Times Special WASHINGTON, Aug. 27.—Virtually complete control by the United States of the finances of the African west coast republic of Liberia and a large measure of control over its military affairs is provided by the terms of a $5,000,000 loan agreement, negotiated simultaneously with the Firestone rubber concession abroad.” prepared by editorial research reports, give a United States financial adVisor, nominated and subject to removal by the President of the United States, power to dictate the Liberian government budget, collect the customs of that country, and have general supervision over its financial affairs. It also is provided that the commanding officers of the Liberian frontier force—the only standing military unit in the interior—are to be named by the president of Liberia only after the appointments have been recommended by the President of the United States. The loan agreement calls for the advance of $5,000,000 to Liberia by the newly organized Finance Corporation of America for a period of forty years at 7 per cent annual interest, and the funds are to be used to refund outstanding obligations of the Government, bearing 5 per cent interest, and to finance internal improvement. POISON WAR WAGED ON CLEVELAND RATS Modern “Pied Pipers” Stamp Out Thousands of Rodents, Bn United Press CLEVELAND. Ohio, Aug. 27. The Pied Piper of Hamlin doesn’t have a thing on W. M. Amann, St. Louis and his assistant. Raymond Reese, who are engaged in a veritaable slaughter of Cleveland’s rat population. Amann. who is working in cooperation with the health department to rid the industrial plants along Cuyahoga river of the rodents, said that already more than 70.000 have been killed by the poison—and the slaughter continued daily. The poison preparation is stuffed into paper bags and left around floors and basements as though thrown away, Amann estimated that 200 pounds of hamburger, sixty loaves of bread, forty-eight cans of salmon, ten pounds of peanut butter and a large quantity of fresh fruit and vegetables would be required to kill the city's rat colony. RAIL MERGERS OR U. S. OPERATION IS PROBLEM Fess Urges Voluntary Combines as Best Solution. Bn Times Special WASHINGTON, Aug. 27.—Voluntary railroad consolidations or eventual Government ownership and operation faces the United States, according to Senator Simeon D. Fess of Ohio, chairman of the Senate subcommittee which has sought to enact legislation authorizing consolidations. Fess oppbses Government operation and he opposes consolidations dictated by Congress. Railroads should be linked, he says, according to geographic and economic needs. Consolidation of railroads, he predicts, wil help solve economic problems, including those of agriculture.

Worth It? Bn Times Special PRINCETON. Ind., Aug. 27. —City Judge C. C. McGary was looking at flappers on the sidewalk—that’s why in backing his auto it crashed into another machine. McGary, reporting the accident to police, shouldered all the blame and frankly admitted he was gazing at girls.

HUNT ROAD BANDITS Motorist Robbed of SBO6 and Slugged. Police and deputy sheriffs today watched roads for two alleged hijackers who early Sunday robbed Barnes R. Hart, 2301 Nowland Ave.. of SBO6. while he was driving on the National Rd., five miles east of the city. They searched his car for liquor and finding none, robbed him of his money. Hart said. When he remonstrated he was slugged over the left eye. The bandits threw his auto keys into a nearby field and departed, driving toward Indianapolis. Hart reported. WEST EUROPE FACES NEW PROSPERITY ERA Economist Says Countries on Eve of Industrial Renaissance. Bn Times Special WASHINGTON, Aug. 27.—Western Europe is on the eve of a great Industrial renaissance. David Friday, economist, said today on his return from an extensive tour of European countries. Friday was optimistic about the industrial outlook in Europe, where he said the remarkable return to stable monetary conditions during the past five years has paved the way for the mobilization of foreign and domestic credit to start the industrial machinery moving at an unprecedented rate. Some of the western European countries are already prosperous, Friday said, and the industrial outlook for most of the rest Is bright. France. Friday said, is already "in clover.” “There is little unemployment, industry is moving along smoothly, and France has a large accumulation of funds to lend at home or abroad,” he said.

Vhe IDEAL FURNITURE CO. 14l WEST WASHINGTON ST. OUR LOCATION SAVES

REPLACEMENT PARTS KITCHEN KOOK NEW PERFECTION PURITAN FLORENCE Also Wicks for Various Makes of Oil Stoves. UOHHEGUT’S „

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.AUG, 27, iy2

FIRST DISTRICT " SCOOTER FINALS RUN UFF TUDAY Winners Will Compete for Grand Prizes on Labor Day. Winners were selected this morning in District No. l of The TimesCapitol Dairy Scooter Derby semifinals at Highland Lewis Skinner and Robert Nipper of the city recreation department were assisted by an official from The t Times in the three semi-final races, Mary Wilson, 4325 English Ave., won first place in the girls’ class. She represented Christian Park. Mary Harding, 554 Dayton Ave., Christian Park, was second, and Mary Hurt, 1736 Spann Ave., Finch Park, was third. John Shanahan. 534 N. Oriental St.. Willard Park, was first in the 1 5-9 boys’ closs. John Straton, 408 Dorman St., Highland Park, was second, and Bernard McKay, 310 N. Euclid Ave., Ellenberger Park, was third. Highland Boy Wins Herbert Killy, 1419 E. Michigan St. H.ighland Park, was first in the 9-12 boy’s class. Norman Hathaway. 767 N. De Quincy St.. Ellenberger Park, was second, and Edward Grimes, 4909 Orion Ave., Christian Park, was third. Other racers this morning were: John Caroll. 544 N. Oriental St.; Roy Winkel, 336 N. De Quincy St.; Dorothy Jane Boaz, 335 N. De Quincy St.; Edith Frances Parks, 764 N. De Quincy St.; Francis Reidy, 14 N. Randolph St.; James Francis Carroll, 121 N. State St.; James John Caroll. 544 N. Oriental St.; Robert Hendiixson, 750 N. Bancroft St.; Edward Coller. 359 Grand Ave. Marie Parks, 764 N De Quincy St.; Henry Shanon. 4930 Brookville Rd.; Mattie Williamson, 418 Highland Ave.; Mary Kenyon. 2014 English Ave.: Roy Hail, 741 S. Mozart Ave.; Regena Kock, 432 Dorman Ave.; James Lloyd. 242 N. Oriental St.; Robert Milligan. 408 Dorman Ave.; Clifford Clissendorf, 1834 Fletcher Ave.; Edmun Murphy, 1819 Fletcher Ave.: James Prater. 1827 Spann Ave. District Two Race Tuesday Marguerite McCrossan, 1508 N. Bosart Ave.; Jack Clark, 1643 Fletcher Ave.; Harry Dible, 1331 Fletcher Ave.; Clifton Hurt, 1738 Spann Ave.: Raymond Reed, 1021 Lexington Ave.; Paul Stevens, 874 Fletcher Ave.; Mike Minci, 871 Fletcher Ave.; Margaret Webb, 1133 S. Kealing St.; Mary Jane Wainscott. 731 Union St., and Viola Ruff, 1019 Fletcher Ave. District No. 2 races will be run at 10 a. m. Tuesday at Brightwood playground for children at Oak Hill, Morris Square, Dearborn, Spades, Brookside and Brightwood playgrounds. The first three winners in the three . classes at the playgrounds named will race. In the event of the winners Is unable to be the starting point at the appointed hour, the playground instructor may appoint an alternate to race ' in their place. The winners of first three places i nail semi-final races will race In the finals at 10 a. m. Monday, Labor day, on the Monument Circle.

HEAD OF FACTORY DIES J. A. Jeffrey, 91, was Chairman of Largest Mine Machine Plant. By Unih and Press i COLUMBUS, Ohio. Aug. 27.--J. 1 A. Jeffrey, 91. chairman of the board of drectors of the Jeffrey Manufacturing Company, largest manufacturers of mining machinery in the world, died at his home here today. Announcement of his dteath was made by company officials. No details were given. 8,000 Visit Masonic Home ' By Times special \ FRANKLIN. Ind.. Aug. 27.—Eight! thousand members of the Order of Veiled Prophets from the order’s ten Grottoes in Indiana attended Grotto da/ exercises at the State Masonic L ome here Sunday.

Dress Up on CreditTake 20 Weeks to Pay THE LIBERTY Credit Clothing Cos. 30 North Penntylvanla Street

Rent a Piano Iw $1 Per Month Bl PEARSOM’B^I flßjgljks u N. ruL y

BRANNUM-KEENE LUMBER CO. Wholesale and Retail Lumber and Mill Work —WE HURRY—IRv. 0404. 3506 E. Wash.

Felt Base Floor Covering, Yard . . . Wanted Futterne and Colors—Remnant* J Economy Rug Co* \i 213 East Washington SL |

Three-Piece Overstuffed Suit®.^ L fw e $69.50 Lewis Furniture Cos. United Trade-In Store. Term# 844 South Meridian Street.

CLOTHING ON CREDIT \sKIN '& MARINE CO A -V VO V • T*' ' '