Indianapolis Times, Volume 40, Number 110, Indianapolis, Marion County, 27 September 1928 — Page 14

PAGE 14

STOCK TRADING HELD DOWN DY PROFIT-TAKING Buyers Prepare for Boost in Brokerage. Loans; Leaders Lose. Average Stock Prices Average of twenty industrials Wednesday Was 239.40, off 1.01. Average of twenty rails Was 141.88. off .17. Average of forty bonds was 96.63, unchanged. BY ELMER C. WALZER, ■ United Jress Financial Editor NEW YORK, Sept. 27.—Profittaking continued heavy in the early trading on the Stock Exchange today as traders prepared for a large Increase in brokerage loans in the report due after the close. Changes In price ranged from gains of 314 points to losses of 2 points, with the majority of issues holding within a narrow range. International Match preferred was 6. feature of the upside, rising 314 points to 110%, while the most Severe losses were sustained by Sears Roebuck, off 2 at 148%, Cerro De Pasco, off 2% at 97, National Power and Light, off 2 at 40%, and General Electric off 2% at 163%. Canadian Pacific was a feature of the railroad group. The stock opened at 220, up 1%, and held around that price in rather active turnover. Other rails were Arm, helped by the rise in car loadings to 1,138,312 for the week ended Sept. 15, the largest total reported this year. Discussion of mergers in the oil Industry now under way here centered interest on Pan-American Issues, which moved higher. Other | Oils were irregular. Simultaneous application for short ‘Wave length stations by Radio Corporation and International Telephone and Telegraph Company, helped both these issues. International Telephone rose a point to 175%, while Radio was up 1% at £O7. U. S. Steel, General Motors, American Can, Chrysler and Johns ManVille sold off fractionally. Banks and Exchange NEW YORK STATEMENT Bn United Press NEW YORK, Sept. 27.—Bank clearings. •1,372,000,000; clearing house balance, •115,000,000; Federal Reserve Bank credit balance $108,000,000. TREASURY STATEMENT United Press WASHINGTON, Sept. 27.—The treasury Set balance on Sept. 25, was $263,527,•58.31. Customs receipts this month to Sept. 25, were $42,456,355.04. FOREIGN EXCHANGE BuU nited Press NEW YORK. Sept. 27.—Foreign exchange opened Irregular. Demand sterling, |4.84%, up .00 1-16; francs. 3.90%c. off ,00%c; lira, 5.22%c, off .00 %c; belga. 15.18%c. off .00 %c: marks. 23.8214 c. SINGERS COMPETE FOR RADIO HONORS TONIGHT Hold First of Atwater Kent Auditions Over WKBF. First, of two auditions for twentysix young men and women eager to became radio concert stars will oe held tonight in the Hotel Severin Studio, of WKBF, the Hoosier Athletic Club station. The auditions are part of a na-tion-wide series sponsored by the Atwater Kent Foundation, and winners in the various contests will meet for the district finals in Chicagio in Novermber and for the national finals in New York in Depember. Tonighti audition will be for Jroung women; and Friday night’s for men. The audition will begin at 8:30 p. m. and Mrs. Frank B. Hunter, local and state chairman Os the Atwater Kent auditions, will be in charge. Candidates for the bearings should report to Mrs. Hunger at the Severin studio not later than 8 tonight. JEST FOR MAILMEN Hold Examination Here for Rural Carriers. For the first time in three years, fen examination for rural mail cartiers here has been announced by Henry M. Trimpe, civil service secretary. Applications will be received from both men and women fentil Oct. 26. Trimpe also announced examinations for postoffice laborers, driverjnechanic and garagemen-driver. Other civil service openings include: Dictating machine transcriber, associate statistician, associate bacteriologist, junior astronomer, assistant physiological plant anatomist, agriculture economists, associate plant quarantine inspector, associate land clearing specialist. 'ACCEPTS DETROIT POST gjoyd V. Moffett to Leave Broadway M. E. Church. Lloyd V. Moffett, director of Religious Education at Broadway Methodist Church, has been selected to direct educational work at Grand River Ave. Methodist Church, Detroit. Moffett has been with the Broadway church since last M£y 1. He will have complete charge of all educational and recreational work and the selecting and training of leaders to assist in the program. A successor to Moffett in the Broadway M. E. educational work has not been named. [TAX APPEALS PEND gleview Protests in Next 2 Weeks From 38 Counties. Appeals from 138 taxing units In thirty-eight Indiana counties were awaiting review by the State board pf tax commissioners today. Tax board members will begin bearings next week in the counties represented by the appeals and hope to complete their hearings within two weeks. The appeals are from locally fixed |ax levies for 1928.

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

—Sept. 27Railroads— Prev. High. Low. 12 M. close. Atchison 193 191% 193 192% Atl Coast Line 160% ... 160% 162 Balt & 0hi0... 114% 113 114% 113% Canadian Pac.. .221% 219% 221 218% Chesa a Ohio. .183% ... 183% 183% Chi & Alton.. . 12% ... 12% 12% Chi & N West.. 85% ... 85 85% Chi Grt West 15 C R I & P 125% 123 125% 122% Del & Hudson.. 198 ... 198 198 Del & Lacka 132 ... 132 131% Erie 58% ... 58% 58% Erie Ist pfd .... 58 .. 58 58% Grt Nor pfd 100% 96% 100% 99 111 Central 141 ... 140% 142 Lehigh Valley 100 ... 100 102 Kan City South. 62% ... 62% 62% Lou & Nash 142 MK & T 41% 41'/a 41% Mo Pac pfd .... 120% 120 120% 320 N Y Central 177 175% 177% 175% N Y C & St L.. 124 ... 124 124% NY NH & H 65% .. 65% 65% Nor Paclflc 100% ..1 100% 100% Norfolk & West 184 Pere Marquette 131 Pennsylvania ... 64% ~, 64% 64% P & WVa 155% 154 155 156% Reading 103% 103 103% 103% Southern Ry ...147 ... 147 147% Southern Pac...124% ... 124% 123% St Paul 36% .. . 36% 36% St Paul pfd 54 53% 53% 53% StL&SW.. .116 114% 115% 114% St L & S F 116 Texas & Pac .. .. ... ... 183 Union Paclflc.. .196 ... 196 196% West Maryland. 45% 45 45% 45% Wabash 81% 81% 81% 81% Rubbers— Ajax 10% 10% 10% 10 Fisk 11% 11% 11% 11‘A Goodrich 84% 85 Goodyear 72% 70% 72% 71% Kelly-Spgfld ... 25 ... 24% 25% Lee 20% 20% 20% 20% United States.. 40 Va ... 39% 40 Equipments— Am Car & Fdy.. 96% 94% 96% 94% Am Locomotive. 96% ... 96 95% Am Steel Fd ... 58% ... 58% 58% Am B Shoe . . 41% ... 41% 42 General Elec ..166% 163% 168% 165% Gen Ry Signal. .105'/a ... 104% 104% Lima Loco ... 45 N Y Air Brake.. 43% . 43% 43% Pressed Stl Car 27% 26% 27% 26% Pullman 80% 80% 80% 80% Westingh Alrb... 45% 44% 45VL 44% Westingh Elec ..108% 107% 108 108% Steels— Bethlehem 65% 64% 65% 64% Colorado Fuel.. 72% 71% 72 72% Crucible 79 ... 78% 79% Gulf States Stl. . 68% ... 68% 68% Inland Steel .... 70% 70% 70% 70% Phil R C & 1.... 33 32% 33 33 Ren Iron & Stl., 84 81% 83% 83 Otis Steel 30% 30% 30% 30% U S Stel 161% 158% 161% 158% Alloy 42% ... 41% 41% Warren Fdy 25 ... 24% 25% Vanadium Corp 81% 81% 81% 81% Motors— Am Bosch Mag. 34% ... 33 34% Chandler 25% ... 24% 26 Chrysler Corp ..114 112% 113% 113% Conti Motors .. 15% ’5% 15Va 15% Dodge Bros .... 22% ... 22% 22% Graham Paige .. 60% 58% 59% 59% General Motors 215% 213 214 214% Hudson 87 85% 87 85% Hupp 74% 74 74% 74% Jordan 9% ... 9% 9% Mack Trucks ... 92% ... 92 92% Martln-Parrv ... 22% ... 22% 23 Moon 7% ... 7 7% Reo 33% 32% 32% 33 % Nash 92% 92 Vs 92% 92 % Packard 93% 91% 92 93% Peerless 17% Pierce Arrow .... 25 ... 24% 25% Studebaker Cor. 82% 81% 82 82% Stew Warner ..104 103% 104' 104% Eaton Axle 61 ... 59% 61% Timken Bear ...140% 139% 140 141% WUlys-Overland. 29% 28% 29 29% Yellow Coach .. 40% 40% 40% 40% White Motor ... 38 37% 38 37% Mining— Am SmTt & Rfg.2so ... 248% 250% Anaconda Cop.. 83% 82% 82% 83% Calumet & Ariz 115% ... 114 114% Cerro de Pasco.. 99% 97 97% 99% Chile Copper ... 53% ... 52% 54 Oreen Can Cop 127% 126% 126% 128% Inspiration Cop. 29% ... 29% 29% Int Nickel 124% 124 124% 125% Keenecott Cop .102% ... 102 102% Magma Cop .... 61% ... 61% 62% Nev Cons 28 27% 28 27% Texas Gulf Sul. 70 69% 70 70 U S Smelt 54 ... 54 54 Oils— Atlantic Rfg ....187 185 186% 186 Barnsdale 35% ... 34’% 35% Freeport-Texas . 58% 58% 58% 59% Houston Oil ...143% ... 143% 144 Indp OH & Gas 31% 30% 31% 30% Marland Oil ... 39% 39% 39% 39% Mid-Cont Petrol 36% 35% 36 36% Lago Oil & Tr. 36% ... 36% 35% Pan-Am Pet B. 51% 50% 51 51 Phillips Petrol. 43% ... 43'% 43% Pro & Rfgrs .. 25 24% 25 25 Union of Cal ... 50% ... 50% 50% Pure Oil 24% 24% 24% 24% fßoval Dutch ... 59% 58% 59% 58% Shell 29% ... 29% 29 Indian Refg ... 31% ... 31% 32% Sinclair Oil 30% 29% 30% 30% SkelLv Oil 36% 35% 36% 36% Std Oil Cal 60% JO 60% 60% Std Oil N J ... 46% ... 46% 46% Std Oil N Y ... 36% 36% 36% 36% Texas Corp .... 69 68 69 68% Transcontl 8% ... 8% 8% Richfield Oil.. 49% 48% 49 49% Industrials— Allis Chalmers .. ... ... 136 Allied Chemical .196 ... 194% 193 Armour A 20 ... 19% 20% Amer Can 107% 106% 107 107 Alaska J 4% ... j 4% 4% Am H L pfd ... 43% ... 43% 44 Am Linseed 115% ... 115% 115% Am Safety Raz. 71% ... 70% 71 Am Ice 44 ... 43 42% Am Wool 18% ... 18% 18% Curtis 142'% 141 142 143'% Coca Cola 168 Conti Can 120% ... 119% 120% Congoleum ..... 28'% ... 28% 28%, Davison Chem. 62% 61% 62 63 DuPont 399% ... 394% 395 Famous Flayers .148'% 147'% 148 145% Fox (1 105 104 105 106 Gold Dust 101% 100% 101 99% Int Cm Engr .. 72% 71 71% 72 Int Paper 71 Int Harvester ..294 ... 294 294 Lambert 125% 124% 125 125% Loews 61 ... 60% 61 Kelvlnater 11% ... 11% 11% Montgom Ward .259 257 258 258% Natl C R 88 ... 88 88'% Pittsburgh Coal. 50% 50!% 50% 51 Owens Bottle 77% Radio Corp 207 203% 2.T 205% Real Silk 36 ... 35% 36 Rem Rand 25% ... 25% 25% Sears-Roebuck .149'% 148% 149% 150'% Union Carbide... 190% 189'% 190'% 191% U S Leather 40% ... 40 41% Unlv Pipe 25% ... 25% 23% Victor 109 U S Indus Alco 124% Warner Bros A. 115% 114% 115 116 Warner Bros 8.114 112% 113% 113 Utilities— Am Tel & Tel... 180'% ... 180% 180% Am Express '... 224'% Am Wat Wks.... 63% ... 63% 62% Brklyn-Manh T ... 72% Col G & E 127% ... 127% 127% Consol Gas 79% Elec Pow & Lt.. 40% ... 40% 40% Nor Am Cos ... ... 74% Nat Power 41% 40% 41 42% Pub SVC N J 68% 67% 68 67% S Cal E 49% ... 49% 49% Std Gas & El 72 V 5.... 72'% 73 Utilities Power.. 41 ... 40% 41% West Union Tel. 150 149% 150 151% Am h lrsi n Corp... 109% 108 108% 108% Am Ship & Com 4% Atl Gus & W I. 49% ... 49 49'% Inti Mer M pfd. 36% ... 36’% 37 United Fruit 134% Foods— Am Sug Rfg ... 75% ... 75% 75% Beechnut Pkg .. 76 ... 76 75% California Pkg.. 78% ... 78% 80'% Corn Products .. 85% 84% 85% 86 Cuba Cane Sup 16% Cuban Am Sug. 17% ... 17% 17% Cudahy 71% ... 71% 71!% Fleischmann Cos. 86% 86 86% 87 Jewel Tea ... ... 131 Loose Wiles .... 76% ... 74% 76% Natl Biscuit . ... 175 Nat Dalrv 105 ... 105 105% Postum Cos 71% ... 71 71 Ward Baking B. 18% ... 18% 19 Tobaccos— Am Sumatra .... 68% ... 67% 68!% Am Tobacco ...165 ... 165 Am Tob B 166 ... 166 166% Con Cigars 93% ... 93% 93 General Cigar .. 62% ... 62!% 62% Lig & Mevers 93% Lorillard 29% ... 29% 29% R J Reynolds / ... 140 Tob Products 8.109% ... 104% 105 United Cigar St. 27% ... 27% ... Schulte Ret Sirs. 56 ... 55% 65% PREDICT CROP INCREASE London Survey Places World Wheat Yield Above 1927. It it United Press LONDON, Sept. 27.—An Increase in the world wheat crop for the 1928-1929 season was predicted today by the London Grain Seed ana Oil Reporter in a preliminary estimate. The total crop was put at 555,643,000 quarters, compared with 529,-. 904,000 in the previous season. The estimates were divided as follows: Europe, 257,340,000 quarters; North and South America, 219,813,000; Asia, 41,544,000; Africa, 13,738,000; Australia and New Zealand, 23,200,000. Bottles; Not Burglars NEWCASTLE, Ind., Sept. 27 —Police called to a rooming house here on a report that burglars were at work, went through the house and found a bottle of liquor in a room occupied by Denver Larkins.

GRAIN FUTURES HIGHER TO OPEN AT CHICAGO PIT Wheat Follows Sfiarp G?iin in Liverpool Market; Corn Strong. By United Press CHICAGO, Sept. 27.—Wheat futures on the Board of Trade today again followed a sharp advance at Liverpool. September corn led the deferred months in practical gains Oats also took an upward trend. Wheat opened !%c to 194 c higher corn was up %c to %c and oats was unchanged to %c* up. Provisions lost a few cents. Wheat has been winning more friends daily in the face of the bearish statistical condition. Offerings are readily absorbed and large lots are disappearing into unknown channels. Reports that India had oought some Canadian wheat today surprised the trade, as such business prcatically has been unknown heretofore. Only three more business days remain for September corn shorts to fulfill contracts. The open interest has decreased steadily, but the amount outstanding is still large. Weather over the belt is warmer although parts of lowa reported more frost. Liquidation has weakened September oats slightly, but the deferred months have not been affected. Chicago Grain Table • —Sept. 27WHEAT— Prev. Open. High. Low. Close, close. Sept.. 1.16% 1.17% 1.15% 1.15% 1.14% Dec... 1.18% 1.20% 1.18% 1.18% 1.18% March 1.23% 1.24 1.22% 1.22% 1.22% May.. 1.26% 1.27% 1.25'% 1.25% 1.25% CORN— Sept.. .96% .97 .95 .95% .96% Dec.. .79% .79% .78% .78% .79'/* March .91% .81% .79% .80!% .80% May.. .84 .84% .83 .83 .83% OATS— Sept.. .42% .42'% .42% .42% .41% Dec... .42% 42% .42!% .42% .42% March .44!% .44% .44% .44% .44% May.. .45% .45% .45% .45% .45% LARD— Sept. 12.12 12.12 12.07 12.12 12.12 Oct.. 12 15 12.15 12.05 12.12 12.12 Dec.. 12.37 12.42 12.32 12.42 12.40 Jan.. 12.62 12.80 12.62 12.80 12.67 RIBS— Sept. 14.00 nominal 14.00 14.00 RYE— Sept.. 1.10 1.10 1.06% 1.06% 1.08% Dec... 1.03 1.04% 1.02% 1.02% 1.01% March 1.04% 1.06 1.03% 106 1 03% May.. 1.07 1.08!% 1.06 1.07 1.05% Be Times Special CHICAGO. Sept. 27.—Carlots: Wheat. 33; corn. 112; oats. 52; rye. 3; barley, 37.

BERRIES ON MARKET Everbearing Variety Quoted at 40 to 50 Cents. Strawberries, as lucious as those of June, were on sale at city market for from 40 to 50 cents a quart today. The berries were the homegrown everbearing variety. The housewife seeking delicacies to tempt the appetites of a family jaded with the flood of fresh vegetables and fruits in the summer found inspirations in these outstanding features of the market. Avocado pears at 60 to 75 cents; Cassaca melons, 50 to 75 cents; Persian melons, $1 to $1.25; Brussels sprouts, 30 cents; mushrooms, $1 to $1.25 a pound; first arrivals of cranberries at 25 cents a pound; Idaho date prunes at two pounds for a quarter. Frost has failed to shut off entirely the flow of home-grown products. Tomatoes still were available at two pounds for 15 cents. Sweet com went into the aristocratic list at from 30 to 50 cents a dozen ears. In the Cotton Market i i (By Thomson & McKinnon) NEW YORK. Sept. 27.—1 t has been Impossible for the market to hold at 19 cents up to date, but that may change today. It looks like rain In the west. There Is nothing bearish In the news and profittaking is about over. The South is not pressing cotton on the market ana hedge selling is far from being as great In quantity as expected. By United Press NEW YORK. Sept. 27. —Cotton futures opened higher. December 19.50. up .19; January 19.05. up .23; March 18.90, up .22; May 18.90. up .24: July 18.75. up .21; October 19.02, up .11. Local Wagon Wheat City grain elevators are paying $1.37 for No. 2 red wheat and $1.05 for No. 2 hard. Building Permits C. H. Kirk, garage, 5264 Park. $250. J. Murdock, dwelling and garage. 122 S. Hawthorne, $3,700. Guv Aronholt, dwelling and garage, 5542 College, $6,750. Thomas Honan, repairs, 1646 E. Washington. S4OO. W. M. Klnnett, dwelling. 4822 E. Eleventh, $5,000. Puritan Finance Company, dwelling and garage. 153 S. Belmont, $2,150. Puritan Finance Company, dwelling and garage, 157 S. Belmont. $2,150. Lillie Jackson, dwelling and garage, 6171 N. Rosslvn. $4,550. W. D. House, dwelling and garage. 456 N. Arsenal. $3,750. Arsenal Building and Loan Association, reroof. 3632 N. Illinois, S2OO. Edgel Thompson, repairs and addition, 916 S. Randolph. S6OO. Martha Hugg, flue. 340 W. Maple Rd„ $250. J. C. Plasket. dwelling and garage, 1126 N. Drexel, $3,750. Mrsl HaUies, oil burner, 3354 Guilford, S2OO. St. Paul’s Evangelical Lutheran Church, garage. 713 S. New Jersey. S3OO. St. Paul's Evangelical Lutheran Church, garage. 717 S. New Jersey, SSOO. S. G. Howard, dwelling. 836 N. Arlington. $3,800. Newhart & Paschall. dwelling and garage. 1030 N. Leland, $4,300. Henry Blackwell, addition, 805 N. Colorado. S2OO. Anna Stahl, garage, 1209 Harlan. $250. Robert Winslow, oil burner. 3224 N. Pennsylvania. S4OO. W. R. Beard, reroof. 2321 Broadway, $240. Frank Lindner, fire loss. 1434 E. Tenth. $1,300. Inez Howe, fire loss. 318 E. Tenth. SI,OOO. Homer Manuel, fire loss. 121 Edwards. $1,250. Inez Coopstick. fire loss, 1271 W. Thirtieth. $325. W. A. Green, reroof, 436 Bosart. S2OO. Joe Baker, dwelling and garage, 857 N. Warman, $2,700. REWARDED Two Receive $25 Each for Capturing Alleged Drunken Motorists. Mayor L. Ert Slack today gave rewards of $25 each to Jack King and Thomas Bums of Chicago Greyhound bus drivers, and commended their action in chasing and capturing two alleged drunken motorists whose machine struck William Thomas, traffic officer, at Massachusetts Ave. and New York St., Saturday night. The rewards were paid from the police and firemen’s emergency fundk

THE INDIANAPOLIS TIMES

Commission Row

PRICES TO RETAILERS FRUITS Apples—Duchess. $1.35(31.50; Wealthy. $1.50®1.75; Jonathan, $1.50; Indiana Jonathan. extra fancy. $1.75<?H2. Winter 8anana5—52.25(32.50. Cantaloupes—Tip-top. bbl. $3.50. Grapes—California Malagas $1.60 crate; seedless. [email protected]. Huckleberries —Michigan, $2.50; 12 qt. crate. Lemons—California, $7.50(38 crate. Limes—Jamaica, $2.23® 2.50 per 100. Melons—Honeydew. California, $2.75@3. Oranges—Caliiornia Valencias. $7 @9.^5 crate. Peaches—Albertas. $2.25. Persimmons—Japanese. $2.50 per 70. Pears—Washington, per Dox $3,250*3.50. Plums—California. S2@3 crate. Watermelons—Florida. 40@60c each. VEGETABLES Beans—Home-grown stringless. $1.75@2 bu.; Kentucky Wonders. $1.75@2 Beets—Home grown 30c dozen. Cauliflower —California. $2.50 crate. Cabbage—Fancy home grown. $2 Obi Celery—Michigan, [email protected] crate. Corn—Fancy Home grown, 15(3250 doz. Cucumbers—lndiana hothouse. home •town. 40®50c Eggplant—sl.2s(3l.so doz. Kale—Spring. 60c bu. Mustard— Fancy dome grown 60c bu. Okra—Tennesse. $1.25 basket. Onions —Home-grown yellow. $2®2.25. 50 lbs.. Utah, large. $4.50 per crate. Parsley —Home grown 50c doz. ounches Peas—California. s7@9. 45-lb. crate. Peppers—Home-grown Mangoes ?5c(3 $1.25. Potatoes—Michigan round whites, $2.75 ®3. 150 lbs.; Ohio. $1.90(32: 120 lbs. Radishes—Hothouse. Button 00c dozer ounches Spinach—Fancy home grown $1.50 bu Sweet Potatoes—Carolina, $4@>4.50 a bbl. Tomatoes—Home grown, [email protected]. Turnips—Home grown. $1.25 bu. MISCELLANEOUS Cider—s4.so 6-gal case: $4.75 doz.. %- gal. Jars. Produce Markets Butter (wholesale price) No. 1. 50®51c; No. 2, 47(3 48c. Butterfat (buying price i—49®soc. Cheese (wholesale selling prices, per pound)—American loaf. 36c: pimento loaf. 38c; Wisconsin flat. 29c; prime cream. 22c; flat Daisy. 28c; Leghorn, 29c; New York Llmberger. 30c. Eggs—Buying prices: Fresh delivered at Indianapolis, loss of 30 332 c. Poultry (buying pnc*s)—Hens, 24@25c: Leghorn hens. 17®19c: 1928 'bring, large breed. 2 lbs. and up 27<328c: J’% to 1% lbs., large, 22@23c; old roosters, large. 12 (h 15c; small, 10® 13c; ducks. 12®:13c: geese. BffilOc: guineas, voung. 50c; old 35@37c. In the Stock Market (By Thomson & McKinnon) NEW YORK, Sept. 27.—Money was easier for a couple of days, but we see no sign pointing to a real change in money conditions and we won’t be surprised if, within a few days, we run into the same condition that we have had for several months. The easier money Wednesday did not do the market very much good. For several days it looked as though somebody was taking profits on a rather extensive scale. You surely noticed how some very high grade stocks did not hold bulges. There is no use of trying to get up some fantastic reason to explain something of that kind when you see it. It is just as natural in a period of this kind for some folks to take handsome profits and rest awhile as it is for most of us to go home after a day’s work. The policy may be an old-fashioned one, but it is very good. We will, of course, continue to witness pyrotechnics in one stock or another for one reason or another, but half dozen stocks don’t make the market. We have a very long list on the exchange and lt is the list rather than the few exceptions that you and I are most concerned about. Births Girl* * Chester and Nellie Aldridge. 1648 Hall PI. Patrick and Ora Fitzpatrick. 1542 S. Alabama. James and Hazel Shelby, 974 Hosbrook. Herman and Effie Whited. 824 Bates. David and Josephine Crisp. 2228 Wenriel. James and Mattie Bryant, 945 N. Sheffield. Lester and Wilma Marshall, 2020 E. Forty-Second. Henry and Goldie Wilson. 2908 Martindale. Walter and Dorothy Hiatt. Methodist Hospital. Claude and Georgia Campbell. Methodist Hospital. Bot* Redford and Mary Earles. 509 Chase. Richard and Carrie Wilson, 738 N. Tremont Russell and Helen Harvey, 5524 Winthrop. Charley and Rodv Spears, 347 Lansing. John and Juanita Lawrence. 971 W. Twenty-Fifth. Lasrence and Lucille Williams, 1328 Yandes. Beckham and Cora Flannery, 951 S. New Jersey. Wiflet and Malzle Judson. Methodist Hospital. Fred and Kathleen Duvall. Methodist Hospital. Walter and Gertrude Shaver, 2721 Shrlver. Deaths Eva Marie Sack, 23, St. Vincent's Hospital. acute parenchymatous nephritis. McKinley Phillips, 27, 713 W. Thirteenth, pulmonary tuberculosis. Nancy Holt, 89, 1553 Yandes, arteriosclerosis. Mary L. Hedge, 3 mo., 5666 Greenfield Ave., malnutrition. Thomas H. O’Brien, 75. 626 Eastern, cerebral hemorrhage. Meleta Chshwa, 85, Methodist Hospital, acute nephritis. Bertha E. Mendenhall, 47. Long Hospital, lobar pneumonia. Sadie Stawder, 52. Central Indana Hospital .lobar pneumonia. Nichols L. Kremer, 13, 2319 N. Dearborn, mitral regurgitation. James Henderson Pally. 19. city hospital, nephritis. Margaret Ellen Smith. 65, 1427 Southern. arteriosclerosis. Thomas Crehan, 45. St. Vincent's Hospital, broncho pneumonia. Henry Huber, 75, city hospital, chronic myocarditis. Other Livestock Bu United Press PITTSBURGH, Sept. 27.—Hogs—Receipts. 2,300; market, 503 75c down; 250350 lbs., $10.50(311.25; 200-250 lbs.. $10.65 (3 11.25; 160-200 lbs. $10.75(3 11.25: 130-160 lbs.. $10(310.75; 90-130 lbs., $9.50® 10.25; packing sows. $9.50® 10. Cattle—Receipts, 25; calves, receipts, 50; market, steady; beef steers, $12(3 15.50; light vearling steers and heifers. $10.50® 14.50: beef cows. $8.50 @11: low cutter and cutter cows, ss® 8; vealers, $16(319. heavv calves, 110® 16.50. Sheep—Receipts. 300; market .weak: top fat lambs, $14.25; bulk fat lambs, $11.50# 14; bulk cull lambs, sß® 10; bulk fat ewes. ss® 6.50. t NEW YORK COFFEE RANGE —Sept. 26 High. Low. Close. Jan 16.02 16.02 16.02 March 15.73 15.72 15.72 May 15.55 15.45 15.45 July 15.15 15.10 15.15 Dec 16.30 16.26 16.26 OPENING SUGAR PRICES By United Press NEW YORK, Sept. 27.—Sugar futures opened easier. December. 2.11. unchanged: January, 2.13, off .01: March, 2.16. off .01; May. 2.23, off .01; July. 2.31, off .01; September. 2.31, off .01. ANNOUNCE BIG DIVIDEND Sheffield Steel Stock “Melon” to Distribute $2,500,000. 'By United Press KANSAS CITY, Sept. 27.—Announcement of a stock “melon” that is expected to place approximately $2,500,000 In the pockets of common stockholders of the Sheffield Steel Corporation, was made here by W. L. \llen, president of the company. There will be a 50 per cent dividend, the announcement stated. Another block of common stock in the corporation was expected to be offered for sale soon, the proceeds to be used to retire $1,500,000 of 6% per cent bonds now outstanding.

HOG MARKET DOWN 25 CENTS IN CITY YARDS Selling Drops to sll Top; Cattle Prices Sink on She Stock. Sept. ' Bulk. Top. Receipts. 20. 12.60® 12.90 12.90 4,000 21. 12.65® 12.85 12.90 4.000 22. [email protected] 12.90 3,000 24. [email protected] 12.60 6.000 25. [email protected] 11-90 9.500 26. 11.00® 11.25 11.25 5.500 27. 11.00 11 00 4,000 Hogs were steady with Wednesday’s close or 25 cents lower than Wednesday's high prices. The bulk of 180 pounds and up brought mostly sll with the market holding to the price only at the city stockyards today. Receipts were about 4,000 received, and holdovers from Wednesday numbered 2,358. Beef steers and heifers held around steady, selling at [email protected], with she stock about 25 cents lower. Vealers steady, selling mostly $18.50 down. Lambs were steady, with good lambs bringing $13.50 down and a few selling at sl4. Fat ewes sold steady at $5 @6.50. The Chicago hog market opened slow with practically no early sales and very few bids. Talking around $10.75@11 for choice 190-250 pound butchers, or around 35 cent lower than Wednesday’s average. Bidding about [email protected] on few loads of light smooth packing sows. Receipts were estimated at 25,000 including 3,000 directs. Heavy butchers of 250-350 pounds, were 25 cents lower today, selling at $10.75@11 at the city stockyards. , Other quotations are as follows: ' 200-250 pound weights brought 25 cents lower with only one quotation at $11; 160-200 pounds sold 25 cents lower at slo.so’® 11; 130-160 pounds brought $9.75@ 10.25, 75 cents lower; 90-130 pounds were 25 cents lower, selling at [email protected], and packing sows were steady, selling at $9.50 @ 10.50. Beef steers were steady, selling at $13.50@ 18.50; beef cows were 50 cents lower, bringing $8.50@ 10.50; low cutter and cutter cows were steady, selling at [email protected], and bulk and feeder steers brought about steady selling at sß@l2. Receipts numbered about 1.100. Best vealers were steady, bringing sl7@ 18.50, and heavy calves sold at s7® 11. Receipts were estimated at 500. The sheep and lamb market was steady to lower. Top fat lambs ; brought sl4; bulk fat lambs were 50 cents lower, selling at $12.50® 13.50; bulk cull lambs were steady, bringing $7.50® 10.75, and fat ewes brought $4.50®6.50. Receipts were about 1,400 received. —Hosr—- „„ ..Receipts, 4,000; market, lower. 2™-?™ 5 s $10.75® 11.00 200-250 lbs. 1100 ,L bs io:so®ii oo Packing sows 9 50®, 10.50 —Cattle— Receipts. 1.100: market steadv. lower. Beef steers $13.50® 18.50 Beef cows 8 50® 10 50 Low cutters and cutter cows.. 5.50(3 7.50 Bulk stock and feeder steers.. B.oo® 12.00 —Calves— Receipts, 500; steady. Best vealers $17.00® 18.50 Heavy calves 7.00® 11.00 —Sheen— Receipts, 1.400; market, steady to lower. Top fat lambs sl4 00 !"ft fat , lambs 12.50® 13.50 Bulk cull lambs 7.50 W-10.75 Fat ewes 4.50® 6.50 Other Livestock B" United Press „ CHICAGO., Sept. 27 —Hoes— Receipts. 25,000; market, slow, shipping demand narrow; 25-50 C lower, mostly 35® 50c lower than Wednesday's average: top sll paid for several loads of 190-240-lb. weights; butcher, medium to choice. 250-350 lbs., slo® 10.90: 200-250 lbs., $10(3 11; 160-200 lbs., $9.50® 11; 130-160 lbs.. $9®10.50; packing sows. $8.75® 9.60: pigs, medium to choice, 90-130 lbs . $8.50® 9.75. CattleReceipts, 10.000; calves, 3.000; better grade fed steers and vearlings weak to 25c lower; heavy finished steers slow at decline; lower grade steers and most grades of she stock dull: early top yearlings, $18.40; slaughter classes, steers, good nnd/ choice. 1300-1500 lbs., $14.75® 18.50; 1100-1300 lbs., $14.50® 18.50; 950-1100 lbs. $14.50(3 18.50; common and medium, 850 lbs., $9.25® 14 50; fed yearlings, good and choice. 750950 lbs., sl4 50®18.25; heifers, good and choice. 850 lbs. down. sl3 [email protected]; common and medium. $8.50® 13.50; cows, good and choice. $9®12.50: common and meduim. $7.65®9; low cutter and cutter, $6.25®7.65: bulls, good and choice, beef, $9.40*310.75: cutter to medium, [email protected]; vealers. milk fed. good and choice, sl6o* 17; medium. $13.503 16: cull nnd common, $8.50(o 15.50; Stocker and feeder steers, good and choice, all weights, sl2® 14.25; common and medium. s9®, 12. Sheep—Receipts. 22,000; market, opening slow; strictly choice fat lambs, about steadv; bidding lower on in-between grades; sheep and feeders, generally steady; lambs, good and choice. 92 lbs. down, $12.85® 14.15; medium. $11.50® 12.85; cull and common. $7.50® 11.50; ewes, medium to choice. 150 lbs., down. $4.25®6.75; cull and common. $1.75®5: feeder lambs, good and choice, $13.25® 14.25. By Times ftpeeial LOUISVILLE, Kv.. Sept 27.—Hogs—Receipts. 1.400: market 25c lower: heavy ard medium hogs, 180 lbs. up. $10.10®T0.60; pigs and lights. 180 lbs. down, $6.8539.45; stags and throwouts, $7.50®8.10. Cattle— Receipts. 300; market slow, steady: prime heavv steers. sl3® 15; heavv shipping steers. $11.50® 13; medium and plain steers, slo® 11.50; fat heifers. $7.50®12; good to choice cows. $839.50; medium to good cows $6.503 8: cutters. s6® 6.50: canners. $53 5.75: bulls. s6® 9; feeders. sß.so®' 11.75; tsockers. $7.503 11.25. Calves Receipts. 400: market steadv: good to choice. $13315; medium to good. $11(313; outs. sll down. Sheep—Receipts. 300: market steady; lambs. sl2® 12.50; seconds. sß3> 8.50; sheep. s4®6: bucks, $3(33.50. Wednesday shipments: Cattle, 566; calves, 252; hogs, 985; sheep, 211. Bn United Press TOLEDO Sept. 27.—Hogs—Receipts, 850: market 50®75c lower: heavies. slo® 10.50; mediums, $10.50®11: Yorkers, $9.50® 10.75: good pigs, s9® 10. Cattle—Receipts, light; market slow. Calves—Receipts, light: market steadv. Sheep and lambs—Receipts, light; market slow, 50c lower. Bn United Press FT. WAYNE. Sept. 27.—Hogs—Receipts. 300; market 25® 35c lower; 90-110 lbs., $8.75; 110-130 lbs., $9.50; 130-160 lbs., $9.75; 160-180 lbs.. $10.55; 180-225 lbs.. $10.65; 25-250 lbs., $10.75; 250-350 lbs., $10.65; roughs, $9.25; stags. $6. Calves— Receipts, 25: market $17.50 down. Sheep— Receipts. 150; market $12.50 down. By United Press CINCINNATI. Sept. 27.—Hogs—Receipts. 3.000: holdovers. 3.793; market, steadv to 25c down: 250-350 lbs., $10.25® 11: 200-250 lbs.. $10.75® 11: 160-200 lbs.. $9.50® 11: 130160 lbs.. $8.753 10: 90-130 lbs.. s7®9; packing sows. s7® 9.50. Cattle—Receipts. 300: market steady, veals steady to 50c up; beef steers. [email protected]: light yearling steers and heifers, $8.50(315; beef cows, $7.50(310.50; low cutter and cutter cows. $5.50®6.75: vealers, $12®17: heavy calves. s9®>l4: bulk Stocker and feeder steers. $lO @11.50. Slteep—Receipts. 1,000; market. Jambs steady to 25c down; top fat lambs. $14.25: bulk fat lambs, $11(7/14; bulk cull lambs. sß@ 10.50; bulk fat ewes, $4®6.50. By United Press EAST BUFFALO. Sept. 27.—Hogs—Receipts, 2,200; holdovers, 1,400; market, slow, mostly 25®50c down: 250-350 lbs., sll® 11.30; 100-250 lbs.. sll® 11.40; 160200 lbs., sll® 11.40: 130-160 lbs.. $10.75® 11.25: 90-130 lbs.. $10.25(311; packing sows. $9,503 10.25. Cattle—Receipts, 350: calves, receipts, 200; market, steady and weak; beef steers. sl3® 16.50; light vearling steers and heifers. $14(317.25; beef cows. $8.50@ 10.50; low cutter and cutter cows. $5.25® 7.25; vealers. $19.20. Sheep—Receipts. 1.000: market, slow; bulk fat lambs. $10.25 (314.50: bulk cull lambs, $9®12.25; bulk fat ewes, [email protected].

Beech Grove to Open City Hall at Festival

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New Beech Grove City Hall

Beech Grove will celebrate a twoday Fall festival Friday and Saturday. The fete, sponsored by the Beech Grove Civic League, will have as its main feature the dedication and opening Friday night of the new city hall, a two-story brick building. Mayor L. Ert Slack will be the principal speaker at the dedication services. A community fair and athletic contests are included on the two-day program. John T. Ferris, .general chairman

The City in''Brief

FRIDAY EVENTS Exchange Club lunrbr <n, Lincoln. Knights of Columbus luncheon, Spink Arms. Altrusa Club luncheon, Columbia Club. Optimists Club luncheon, Claypool. Phi Delta Theta luncheon, Hotel English. Master Painters’ Association luncheon. Elks Club. Indianapolis Round Table luncheon, Lincoln. Foremen’s Club dinner, Chamber of Commerce. 6:30 p. m. Indianapolis Ministerial Association meeting, First Baptist Church. 7:30 p. m. First Ward Republican Club meeting, Compton Hall, 8 p. m. Nick Mills, 11, Jackson. K>\ was Honor Student

■ I

Ruth Holaday

Because of high grades in entrance examinations. Miss Ruth Holaday. daughter of Mr. and Mrs. Oiin John Holaday, 643 E. Thirty-First St., has won a scholarship at Mount Holyoke College, it was announced today by Miss Nell Farrar, principal of Tudor Hall. Miss Holaday graduated with honors from Tudor in June, 1928, after nine years work in the elementary grades and high school. Her scholastic average was more than 88 per cent, a high average at Tudor. OPEN HOUSE FOR FORT Women’s League Programs Start Tonight. Hoosier unit of the Women’s Overseas Service LeLague for the benefit of Ft. Harrison will begin regular weekly open house prograips tonight from 7 until 10. Games music and other entertainment will be provided for the enlisted personnel and their families with a number of young women acting as hostesses. The work is in charge of Miss Grace Hawk, who reports that used playing cards are needed for use at the open house entertainments They may be left with Miss Alice Hawk, 206 Hume-Mansur Bldg. PENNSY DANCE TONIGHT Employes to Hold First Social Event of Season. The Pensylvania Railroad employes’ social calendar begins tonight with a dance and card party at the Pennsy gymnasium, 75 S. State Ave. A musical program including a concert by the Indianapolis division employes military band will feature the occasion. Dedication of the newly furnished clubrooms will be directed by R. R. Nance, superintendent of the Indianapolis division. The party tonight is for the ■ benefit of the Women’s Aid of the Pensylvania railroad. DAILEY TO SPEAK HERE Prepares to Open Democratic Drive in County, Oct. 3. Final arrangements for opening the Democratic campaign in Marion County with an address by Frank C. Dailey, gubernatorial nominee, at South Side Turner’s Hall, Alabama and Prospect Sts., Wednesday night, will be made by south side Democratic leaders meeting in county headquarters in the State Life Bid., Friday night. R. Earl Peters, State chairman, also will speak at the south side meeting Wednesday night.

of the festival, has completed plans for the affair and expects a record crowd. Chairmen of other committees are: William Roth, concessions; Harry Britton. dedication of city hall; Charles Clapp, decorations: A. J. Eibllng, Sr., advertising: O. Craig, police; Z. E. Day. entertainment; H. L. Hurst, finances; Melvin P. Magidson, music; William Morris, parade; W. R. Wheat, farm products; D. L. Dynes, prizes; Dr. R. A. Butler, first aid; Meyer Magldson. donations; W. 8. Newcomer, stands; E. I. Bailey, street lighting, and John Horn, horseshoe pitching contest.

bitten by a dog Wednesday near the home where he is viisting, 720 Ketcham St. The bite was not serious. John Lawrence Graham, 19, of 2125 N. Meridian St., is held today for the Marion County grand jury under high bond on a manslaughter charge. Graham was the driver of the automobile which fatally injured Otis Key, Negro, of 530 W. TwentyFifth St., Sept. 16 at Twenty-Fifth St. and Northwestern Ave., it is charged. * Eliott F. Owings, 60. is in the Presbyterian Hospital. Philadelphia, suffering from a fractured skull. He was injured in an automobile accident. William Connelly, inspector of detectives, at Philadelphia, telegraphed Police Chief Claude Worley requesting that the injured man’s brother, H. T. Owens, be notified. H. T. Owen’s address is said to be the Indianapolis Band, or Postofflce Box 35. Dr. George C. Brenner, Akron, Ohio, was the principal speaker at a men’s fellowship dinner and meeting of the Central Universalist Church at Case Cafeteria, Wednesday evening. The program also included a talk by the Rev. William Lawrence of Norwalk, Ohio. Twentyfive attended the affair. Needy members of the Ilassler Golden Rule Mission, founded several years ago and now under reorj ganization, will be entertained at 1 Thanksgiving dinner, according to t the Rev. A. L. Hassler, directing the S reorganization program. The mis- ! sion in a letter today is asking the aid of lodges and other city organizations toward furnishing the financial assistance necessary for completion of the Thanksgiving Day program. John W. Kern, United States commissioner, will address the weekly meeting of the Young Democrats’ Club Friday night at Marion County headquarters in the State Life Bldg., on “Young People in Politics.” Douglass S. Dickie, director of the club’s activities, will preside. Master Masons of Indiana have been invited to attend the annual athletic carnival of Sahara Grotto at 8:15 p. m. Friday at Pennsv Gym, State Ave. and Washington St. Admission will be by Blue Lodge card, according to Charles Walsh, monarch. Clyde Robinson, master of ceremonies, says the card is selected from among the best amateur and college athletes in Indiana.

Norman’s Blue Bird Store Set of BLUE BIRD PISHES aiVEU, AWAtf WXTK YOVR PtmCMJt.SE Ot SIS-wi (ASH OR CREDIT JJORrtAJfg 227-2 4( tAVT \VASH

MOSKINs p Clothing on C'rcdir 131 W. WASHINGTON ST.

What’ll it be? Silver Flash AntiKnock, Silver Flash or Target?

Auto I n*nr(inr* A**oclatln Tin* proportion for •kleomoi Chamber of Commerce Building Lincoln 480* INDIANAPOLIS

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW POKE MEMBERS New York Stock ‘Exchange Chicago Board ot Trao New York Cotton Exchange Chicago Stock Exchang New York Curb Association * 300 Fletcher American Bank Bldg. Telephone Lincoln 8391

_SEPT. 27,1928

WIN REHEARING ON PHONE RATE Clay County Company Seeks Increase. Agreement was reached in Federal Court today by attorneys for the Citizens Telephone Company of Clay County and Attorney General Arthur L. Gilliom, representing the Public Service Commisson, that the telephone company may file a petition for rehearing of its original petition for an increase in rates aT" Brazil, Clay City and Center Point. Attorneys for the telephone company, Will Thompson and B. G. Halstead, argued in their petition to Federal Court that the commission rate order of June 29 was based not on a fair valuation of the telephone company but on tis capitalization of $350,000. Commissioner Calvin Mclntosh declared that the company had asked for an increase on captalization figures and not on valuation figures, which the utilities attorneys placed at $450,000 without working capital, and at $464,000 witlv working capital. In accordanow with the original demand, Mclntosh’s order granted a 25-cent per month increase on six types of ’phone service.

FACED GIGANTIC TASK IN SEEKING _ RELIEF Indianapolis Woman Almost Despaired, After Ten Years of Suffering

MRS. MATTIE PARTLOW.

“For ten years I suffered untold agonies and all the doctors and medicines that I tried, gave me no relief. Stomach trouble was the most severe complaint I had, a terrible sour indigestion followed everything I ate, gas pains along with sharp pains across my back, and hips gave me no rest, I could not sleep at night, was very nervous and Kidney trouble was a constant worry to me. After reading about so many oth.fcr Indianapolis people receiving marvelous results from VerWilKa, t began taking it also. The first bottle made a decided change and after taking three bottles all my suffering is ended. All gas pains, indigestion and stomach troubles are over, the old kidney trouble is relieved, ifty nerves are good and I can now sleep all night undisturbed. I feel that VerWilKo has been a lifesaver to me, as I feel better than I have for ten years.” There are many other Indianapolis people who have found In VerWilKo the same wonderful relief from Kidney, Liver and Stomach trouble. Constipation, Rheumatism, Neuritis and other similar ailments. The M®rWilKo specialist at Goldsmith’s East Washington and Alabama St. store will gladly show you their statements and tell you all about the miracle medicine VerWilKo. Why take a chance with an unknown patent medicine when a doctor’s prescription with a wonderful reputation of 20 years’ : iding is ready to aid you. A quiet * oat with the VerWilKo specialist may open up the way for a quick return to good health for you—see him today. Goldsmith’s Good Cut-Price Drug Stores

VerWiljfeo y/i e a BodgJßunder

HANNING BROS. The IJtiey Dentist* Cor. Uudhlngton anti Penn. Ms 204 KRESGE BLDG.

THE INDIANA TRUST CO, Pay 4% SaYin *| / SEEK $2,000,000

Security Prleaey $3.00 a Year Safe Deposit Vaults of tiie Continental National Bank

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