Indianapolis Times, Volume 41, Number 6, Indianapolis, Marion County, 18 May 1929 — Page 13

MAY 18, 1929.

DROP IN CALL MONEY TURNS STOCKS HIGHER General Electric Soars 10 Points higher; Coppers A.so Gain.

Average Stock Prices

Average of industrial; Thursday wik 329 09 up 74 Av**rajra of twenty rail* was 149 08. of? 28 Avcrasra o: forty bonds was 94.14. off 29. BY ELMER C. WALZLR * nited Pres* Financial Fdltor NEW YORK, May 17.—An unexpected drop in call money to its lowest levels of the year stimulated further sweeping advances on the Stock Exchange today and new highs on the current recovery were attained in leaders throughout the list. In addition, overnight news was extremely bullish and served to throw great fear in the ranks of the bears. Short covering operations went ahead on a substantial scale, augmented by considerable fresh buying in the leaders. The weekly federal reserve statement showed improvement, while the brokerage loan statement published after the close last night was bullLshly construed. The local bank made no change in its rediscount rate. Money renewed at 3 per cent, but supplies of funds were heavy and the rate dropped to 6 per cent around noon, compared with an initial charge of 14 per cent in the previous session. With the midmonth’s settlements out of the way and probable continued ease in money over the next few weeks, large buying orders were put in the market. General Electric furnished strong leadership for the list, soaring more than 10 points to anew record high, about 298. Packard, General Motors, Steel and other representative shares moved ahead aggressively after a poor start, while special stocks and issues were supported. Pools resumed operations in many sections and figured prominently in strength in the copper shares. Anaconda. Greene-Cananea and other leaders of this class w ere in demand at their best levels of the movement. Strength in Anaconda was accompanied by reports of large purchases of the stock by the Newmont mining interests.

Banks and Exchange

INDIANAPOLIS STATEMENT Indianapolis bank clearings Friday, May 17. *4.968.000; debits. $12,530,000. NEW YORK STATEMENT Bu ( nited Press NEW YORK. Mav 17.—Bank clearings. $1 527 000 00C: clearing hous" balanre. $15.6,000,000: federal reserve bank credit balance. $145,000,000. TREASURY STATEMENT Bu I Piled Press WASHINGTON. May 17.- The treasury net balance Mav 15. wa, $111,962.222 98; customs receip’.' to that date. $23,629,167 43

In the Stock Market

—By Thomson & McKinnon) NEW YORK. May 17 A we,l defined feeling tha* an early settlement of the reparations question was in prospect, which should bring about an improvement In the credit situation as well as the negligible character of the loan statement, plus the General Motors announcement and the anticipation of a reasonably lower rail rate, were effective in starting the general market higher and a strong market was maintained in practically al! of the higher class of investment Issues, with only minor Interruptions throughout the session It seems unnecessary to say this strength is based on present conditions as wcl! as on hopes for the future Upon present conditions we have no comment. They are 100 v ell known to require it and although the future may not be quite so r>-rta;n. present activity, if maintained or e:en shaded a bit would still compare fa’orabh' with that of last year. There are, of course, many forecasts and from well informed sources, that, the present pace of business largely because of credit rendition mav not be maintained. It is possible that with the settlement of the reparations question tliese ideas may be modified. In the decline in wheat prices today to new low levels we find a somewhat discordant note. In that producers or sellers of farm requirements In general mav find demand in the agricultural districts somewhat slower The fact that the b'tter grade of Investment securities make up most of the market strength and that, o'hers of less merit are not nearly as responsive. rather emphasizes the idea that th<- business future, considered broadly._ is somewhat elouded. In any e'ent. on this phase of the situation tt will he well to keep ,n open mind until something more definite develops to determine the trend.

New York Liberty Bonds Mav IT— Prev. Close, c.ose. ti, s 97.26 97 30 l*t 4%S • 99 1 s 99 16 4th 4 s ,s !!! 99.14 99 16 Tt t'.s 1952 108 10 108.10 Tr 4s 1954 . 194 7 104.1 4 Tr 3%s 101 10 101.fi 3%s 1947 7. 97 16 97 IS 3%s 1943

Local-Wagon Wheat

City grain elevators are pay ;r, S Al-H for No. 2 red wheat and SI.OO for No. 2 hard.

In the Cotton Market

iß' Thomson A: McKinnon' NEW y6rk. Mv 17 —Cotton traded in * narrow field this morning The range was a trifle above Thursday's close Labor troubles in southern mills are being settled with concessions being made bv both sides. Today's weather map with showers tn extreme vest and Atlantic states probably helped the crop but a; the same time traders prefer a clear map all over before selling cotton with confidence The crop letter of a well known Alabama Arm reads bullish, particularly so tn reference to the present demand for spot cotton. Tne preliminary work or. the new by-laws of the exchange for trading textile stocks has ben completed and will be submitted to the members on the 26:h Instant. We understand many representative issues hate already applied for listing We do not see much possibility e( anything more tban slight upturns in cotton with averc weather conditions continuing to prevail. NEW ORLEANS High. Low Close Vav 18.90 18.75 IS 85 July 18 80 18 SO IS 77 October ..... 18.95 18 45 18.54 p*<-e.wStfr .......... 18.72 18.57 18 68 NEW’ YORK High. Low Close January 18 S8 18 68 18 78 March 18 07 18..9 18.89 Mir 19 86 18 85 18.44 julV IS 78 IS 55 18.67 October *old' 18 72 18 50 18 61 December 18.87 18 65 18.74 October inewt 18.72 18.60 18.69 CHICAGO High. L-ow. Close January 18 83 18 78 18.76 March 19.00 18.87 16.87 Max 18.85 Julv ................ 18 87 18 70 18. >6 October 18.73 16.54 18 65 December 18 83 18 65 18 76 RAW SUGAR PRICES High. Low Close. January 1.97 1.95 1 97 March 2.03 2.01 2.02 May 2.10 2 07 2.10 July 1 84 1 82 1.84 September 1.90 1 88 1.83 December 1.96 1.94 1.98

New York Stocks

IBv Thom*or * McKinnon*

May 17— > Railroad*— Prev. HLgh. Low. CiOSfi. Clot' Atchuon 198% 197'4 197 1 a 197-t Atl Coast Lin*.. .. ... 178’, 'Balt & 0hi0..118 117 s -* 118 118 ! Canadian Hae . 230 * 230 230% 2?' i Ch*sa & Ohio.. .. . 198'a I Chesa Crop . 93 92*. 92% 92% I Chi fc N West.. 82 82 Chi Grt West 17% 16% 17 16% , C H I & P . . 222 H 122 122 122 Dei Ac Hudson 192 I Del & Lac it a .121 ’a- 121% 121 1 a 121 i Erie 73H 72', 72% 72'a F.rie Ist pid . . 59 -, 59', S®% 59-, Ort Nor pfd !02\ 102 'a 102% 1024 111 Centra. ... ... 137 1384 Kan City South .. ... 85 84 s * iron <fc Nash 142 142 II K t T 48 s * 48% Mo Pac pfd 136 135% 136 136 N V Central . 1334 132 4 133 4 lal4 S Y C 4 St L. ... 133 N Y N H & H . 994 36'4 994 96% Nor Pacific .. 1004 Norfolk & West 196 1954 196 1954 !0&W........ 26 26 Penn.", lvania . . 764 78', 764 '.84 P & W V 129 4 Readmit 1054 1064 1064 107 Southern Rv . .1394 139 1394 139 Southern Pac 1304 1294 1294 130 St Paul .. 314 314 314 314 St Paul pfd ... 50 s , 50 4 50 4 504 St L & 8 W . 93 4 St L & F F. .. 1104 110 Union Pacific .219, 217 s , 2174 216', Weat Marjanld.. 43 4 43 4 43 s , 434 West Pac 384 ... Rubbers— Ajax . 74 64 7 7 0 s , 10% 11 Goodrich 84 4 8 4 4 84 4 3 4 4 Goodyear 135', 1334 1334 130 Kelly-Spyfid 18 17 s , Lee . 18 s , 184 18', 184 United States.. 57 4 56 4 56 4 57 4 F.quipmen ts— Am Car Ac Pdv.. .. 98 994 Am Locomotive .1174 117 117 116 Am Steel Fi... 84 4 63 4 64 4 63 Am Brake S ... 53 s , 53 53 524 Genera: Elec 295 282 290 280 4 Gen R.v Signal.ll2 1114 111 1 * 110 Gen Tanks 874 864 87 87 Mar. E!cr S . 314 314 314 30 N Y Rir Brake 45 4 44 4 44 4 45 Pressed St! Car 20 194 194 194 Pullman . .. 83 4 81 82 4 80 4 Westingh Air B. 47 46 s , 47 46 4 Westingh E1ec...167 4 1644 1644 1644 Meela— Bethlehem 107-', 105 106 4 1054 Colorado Puel .. 654 64 65 654 Otis 43 4 41 s , 43 42 Gulf States Stl.. 62 4 ... 62 4 63 Inland Steel ... 90 ... 90 87 Crucible 904 89 s , 90 s , 894 Rep Iron &. Stl. 96 4 93 4 90 93 Sioss-Shefl 105 U S Steel 178 1754 176 , 1754 AUov 464 ... 46 454 Younastwn Stl .129 4 129 129 4 128 4 Vanadium Corp. 94 s , 90 944 894 Motor,— Am Bosch Mag. 674 65 4 66 65 4 Briggs .. 424 414 42 4 42 4 414 Chrysler Corp .. 85 83 83 834 Eaton Axle 65 4 . 65 4 66 Graham-Paige .. 334 324 324 32 s , Gabriel Snbbr*. 26'- 25, 254 26 General Motors.. 814 804 80 s , 8! Hudson 87 s , . .. 86 s , 87 s , Hupp 52 4 52 52 4 52 Auburn 254 240 254 236 Mack Trucks ..1014 1004 1014 100', Marmon .....100 4 99 99 5 , 994 Reo 27 4 28 s , 27 ss,5 s , Motor Wheel ... 46 4 46 4 46’, 46 Nash 95 4 94 4 94 4 95 Packard 1504 1474 1474 149'., Murray 95 4 92 4 94 5 , 924 Pierce Arrow 33% Studcbaker Cor. 824 814 814 81 Stew Warner ... 76 75 75 75 Stromberg Cart 107 104 107 1014 Timken Bear . .91 4 89 s , SO 894 willy.-,-Overland 25 s , 254 254 254 Yellow Coach .. 464 454 454 454 White Motor 434 Mining— Am Smlt & R/g. 1034 1014 1024 1014 Anaconda Cop ..130V, 127 128 2284 Calumet & H ... 43 41 4 42 4 42 Andes 53 4 50 s , 52 4 51-4 Granbv 764 754 764 754 Greene Can Cop 1544 154 1544 1544 Inspiration Cop. 44 s , 42 s , 44 424 Int. Nickel 53 4 50 s , 514 52 Kennecott Cop. 90 87 s , 88 s , 874 Magma Con . 71 s , 68 4 "I s , 68 4 i Texas Gull Sul. 784- 77 77 774 U S Smelt 604 594 59 s , 594 Oils— Atlantic Rig ... 63 4 68 4 66 4 69 Barnsdale . .. 46 s , 454 46’, 45 s , Freeport-Tcxas.. 45 s , .. 45 s , 46 Houston Oil ... 94 4 93 4 94 4 924 j Indp Oil ex Gas. 384 37 s , 38 384 i Marland Oil .. . 384 37 s , 33 4 374 j Mid-Cont Petrol. 364 354 35 s , 35V, Lago Oil A- Tr.. 29 4 . 29 4 28 ! Pan-Ant Pet 8.. 65 4 61 s , 634 61 s , Phillips Petrol.. 41' 40', 41', 504 Prairie Oil ..... 57 4 57 57 4 57 Louisiana Oil ... 14', 14 144 144 Pure Oil 29 4 284 284- 28 4 Prairie Pipe .... 604 59 s , 60'- 604 Shell . 30 ... 294 294 Richflield 474 464 464 Sinclair Oil 38 s , 38 38 37 5 , Skfllv Oil 43V 42 4 42 s , 42 j Std Oil Cal 784- 77 s , 78 4 774 Std Oil N J 60 s , 60 60 4 59 s , ! Std Oli N Y 41 s , 41 s , 414 414 Texas Corp 65 644 65 64 s , Transcdntl 124 12 124 124 ! White Eagle ... 53 4 35 35 4 344 i Industrials— Adv Rumely .... 61 s , 604 614 614 : Allis Chalmers .196 195 196 193 1 Allied Chemical. 392 285 292 284 Armour A 12-4 12 s , 124 12 s 1 Amer Car 1454 143 144 1434 Alaska J ....... 6 s s , ss,5 s , ss,5 s , Am Roil Mill .. 1174 116 s , 1164- 1164 ! Borg Warner .. 138’, 135 136 133 s * Ain Safety Raz.. 70 s , 674 69 67 Am Ice 434 41 s , 42 43 j Am Wool ... 20 Curtiss 154 4 148 154 4 150 Cocp Cola . . .. . 128 Conti Can 734 71 s , 72 s , 71-4 Ccrtalnteed 25 s , 23V, 25 s , 23 s , Congoleum 25 5 , 23 s , 25 23 s , I Davison Chem .. 55 s , . 55 55 1 Dupont 176 172 s , 176 172 j Famous Piavers. 70’, 89',. 70', 6 n 4 I Fox *At 94 s , 93 5 , 93 s , 93V, Gold Dust 644 624 63 s , 63 s , i Glirtden 45 s , 45 s , 454 45% Link Belt . 53 Int Harvester ..115% 112 s , 113 112 Lambert 145 1394 1444 140 s , Loews 60 s , ... 60 s , 60 Kolster 384 37 5 , . 38 38 Mcntgom Ward. 1224 119 s , 120 121 Nat! C R 121 s , 120 130 121 s , Radio Keith 33 s , 32 5 , 324 Un Air Craft ...1444 141 141 142 s , Radio Corp .... 97 94 s , 94 5 , 96 Rea! Silk 76 s , 75 s , 76 s , 75 s , Rem Rand ....33 5 , 32 32 s , 32-4 Sears Roebuck. 160 4 ... 157 s , 1574 Union Carbide .. 83 s , 82% 83 s , Warner 1334 130 s 4 131 131 Univ Pipe .... 14 s , 14 14 s , 14 U S Cs Ir Pine .40% 4040 r S Indus Alco 165 102 s , 162 5 , 164 Worthington Pu 50 s . 50 s - 50 Woolworth Cos 228 s 2 226 s - 228 s . 2264 l unties—\m Tel A- Tel ..316 ... 215 5 , 216 Ant For Power 114 s , . 11l 112 s , 4m Wat Wks . 93 s ‘ 90 924 as Brklvn-Manlt T. 66', 634 65% 66 s - Col G A E. ... 74 s , 72 724 704 Consol Gas ..1174 115 s , 1164 115 s , rice Pow A- Lt . 69 s 2 67 4 67V, 68 United Corp ... 69 67 5 , 67-’, 674 Nor Am Cos 199 4 117 117 s , 116 s , Natl Power . .. 55-4 53 4 33 s , 534 S Cal Edison . 57 s , 554 56 s - 56 Pub Sorv N J.. 90 4 89 s , 89 s , 90 Std Gas A- PI 96 s , 94 94 5 , 94 s . Utilitie- Powder 424 41 s . 41 s . 414 West Union Tel 193 s , 190 s , 192 192 Shinping— Am Irtl Corp. . 67 65 s , 67 65 Atl Gulf A- W I 62 s , 61 s 62 61 Inil Mer M pfd 43 s , 43 s . 45 s , 43 United Fruit ...126 ... 125 126 s , Foods— Ant Sug Rfg 80 s , 79 5 , 80 80 s , Kroger .. 594 86 s ; 86 s , 87 Beechnut Pkg.. 80 ... so California Pkg .. 76 s , 754 764 75 s , Corn Products.. 944 92 s , 94 5 , 92'- j Cuba Cane Sug.. 84 ... 74 84 Cuban Am Sug .114 11 11 s , 11% Fieischmann Cos 77 5 , 754 76 5 , 74 s , Jewel Tea 152 s .- . . 150 4 151 s , Kraft Cheese .. 49 s , 47 474 48 Natl Biscuit 178 s , 176 s , 1784 178 s , Nat! Dairv 1374- 1324 136 s , 132 Postum Cos 78 ... 76 s , 744 Ward Baking B a Tobacco*— Am Sumatra.... 37 s , 45', 45 s , 45 s , Am Tob 'B I 179 s , 177 s , 177 s , 178 Con Cigars 864 864 86 s , General Cigar . 704 70 704 68 s , Lig A- Myers. 93 5 , 90 s , 904 90 s , Lorillard . .314 .. 294 29-4 R J Reynolds 58 s , 57 s , 57 s , 57 5 , Tob Products B 17 s , 16 s , 17 s , 16 s , United Cigar St 21 s , . 21 s , 21 s - Schulte Ret Sirs 24'7 23 s , 23 s , 23 s , Standard Com T 28 s , 27 s , 28 s 27 s , Grand Union c 25 s . ... 25 s . 25 5 , Grand Union pfd 46 5 , ... 46', 48

Cash Grain

The bids for car lots of grain at the call of the Indianapolis Board of Trade, f. o. b. shipping point, basis 41'2c New York rate, were: Wheat Easv No. 2 red. $1.074il 09; No. 2 hard. 81.014t1.03. Corn— Fusv: No. 2 white. 84tiS5c: No. 3 whit*. 83 34c. No 2 yellow-. 83 184 c: No 3 rellow. 81 <’ 82c: No. 2 mixed. 80381 c; No. 3 mixed. 79si80c Oat--—Easv No. 2 white. 421143 c; No. 3 white, 41 yi 42c. He—— Steady: No 1 timothy. $15,509 16: No. 2 timothy. $154*15.50: No. 1 light clover mixed. 814.50S 15. —lnspections Wheat—No 2 red. 1 car; No. 2 hard. 9 cars Total. 10 cars. Corn—No. 2 white. 1 car. No 3 white. 2 cars No. 2 yellow. 3 cars; No 3 yellow, 14 cars No 4 yellow. 1 cars; No. 5 yellow. 1 car No 8 yellow. 1 car; No. 3 mixed. 3 cars Total. 26 ears. Oats—No 2 white. 2 cars: No. 3 white. 11 cars. No. 4 white. 1 car;. Total. 14 cars. NEW YORK COFFEE RANGE —May 17High. Low, Close. January 13.25 March 13.49 13.48 13 48 Max 15.94 15.84 15 94 July 14.85 14 94 14.94 September 14.21 December ............ .... .... 19.80

HOGS STEADY TO 5 CENTS LOWER IN LOCAL YARDS Vealers Sell 50 Cents Off; Not Enough Steers Here to Test Prices. 9 11.50 11.50 6.500 10 11.50611.60 11.60 7.000 11 11.25 11.35 2.500 13. 11.40® 11.50 11. 50 6,000 14 11.30611.40 11.40 7.500 15. 11.00611 10 11.15 5.000 16. 10.75® 11.90 11.95 7.500 17. 10.73® 10.90 11.00 7.500 Hogs were steady to 5 cents lower in the local stock yards today. The bulk of 160-300 pounds brought $10.75 to $10.90. Receipts were estimated at 7,000, and holdovers from Thursday’s market totaled 828. There were not enough steers in the yards to test prices. The she stock was slow to about steady. Vealers were 50 cents lower, selling sl4 down. The top price paid was $14.50. The sheep and lamb market was steady. Native lambs sold at sl2 to sl3, "fed westerns held higher. Shorn fat ewes brought around $5 to $6.50. The Chicago hog market opened with early sales and bids steady with Thursday’s average. Bid on occasional load of 240-270 pound weights brought $10.65 to $10.75. Choice 180-220 pound averages sold at $10.85 to 310.90. Receipts were 13.000. including 2.500 directs, and holdovers from Thursday’s market numbered 7.000. Cattle receipts were 2,000; sheep receipts were 7,000. Hog prices today were as follows: 250-350 pounds, $10.75 to $10.90; 200-250 pounds, $10.85 to $11; 160200 pounds, $10.75 to $11; 130-160 pounds, $10.25 to $10.65; 90-130 pounds, $9.50 to $10.25, and packing sow’s, $9.25 to $lO. Cattle receipts were 500; calf receipts were 900. Beef steers, $12.50 to $14.50; beef cows $9 to $11.25; low cutter and cutter cow’s, $6.50 to $8; vealers, $13.50 to $14.50; heavy calves, $7.50 to sl2, and bulk stock and feeder steers, $9 to $12.50. Sheep receipts were 500. Top fat lambs, sl4; bulk fat lambs, sl2 to $13.50; bulk cull lambs, $8.50 to $11; bulk fat ewes, $4.50 to $6.50, and spring lambs, sl7 to sl9. —Hogs— Receipts. 7,000: market. lower. 250-350 lbs $10.75® 11.90 200-250 lbs [email protected] 160-200 lbs 10.75® 11.00 130-160 lbs 10.257110.65 90-130 lbs 9.50610.25 Packing sows 9.25®10.00 —CattleReceipts. 500; market, steady. Beef steers $12.50® 14.50 Beef cows 9.00®11.25 Low cutters and cutter cows. 6.50® 8.00 Bulk stock and feeler steers. [email protected] —Calves— Receipts. 900, market, lower. Best veals $13.50614.50 Heavy calves 7.50® 12.00 —Sheep— Rece pts. 500: market, lower. Top fat lambs $14.00 Bulk fat lambs 12.00® 13.50 Bui kcull iambs [email protected] Bulk fat ewes 4.50(gi 8.50 Spring lambs [email protected] Other Livestock Bu Vnited Press CHICAGO. May 17.—Hogs—Receipts. 13,000, including 2.500: prices mostly steady on weights under 220 lbs., heavier kinds strong to 10c higher; top $11; bulk better glade 160 to 280 lb. butchers. $10.60611; butchers, medium to choice 250-350 lbs., $10.25® 10.85; 200-250 lbs.. $10.40611; 160200 lbs.. slO6ll. 130-160 lbs.. $9.75® 11; packing sows. $9.35® 9.50: pigs, medium to choice. 90-130 lbs., $9.256 10.65. CattleReceipts. 7.000. Calves —Receipts. 1.000; general!'.- steady trade, very little here; best yearlings. $14.60: few loads light weight steers. $13614; slaughter classes, steers, good and choice. 1.300-1.500 lbs., $13.25614.90; 1.100-1.300 lbs.. *13.25615: 950-I.lOfl lbs., $13.35® 15.15: common and medium 850 lbs. up. $10.75613.35; fed yearlings, good ana choice, 750-950 lbs.. $13.50® 15.25; heifers, good and choice, 850 lbs. down. $13®14.75; common and medium. $9.25613; cows, good and choice. $9.75612.25: common and medium. $7,756 9.75: low cutter and cutter. $667.75: bulls, good and choice 'beef). $!0®11.50: cutter to medium. SB6 10.25: vealers (milk-fed), good and choice, [email protected]; medium, s9® 10: cull and common, $76:9; stocker and feeder steers, good and choice (all weights'. $12.25613.50: common and medium. $9.75612.50. Sheep—Receipts, 14,000: market slow and averaging 25c lower on lambs: shorn lambs. $13.25, few $13.50: w 00l skins scarce; Califori !a springers unsold. few native springers, $15616; sheep steady with weighty ewes. $150; slaughter classes, spring lambs, good and choice $15.756 16.75; medium. $14.75615.75; cull and common. $12.50® 14.75; iambs, good and choice 92 lbs. down. $12.50617.60; medium. $11.50612.75; cull and common $8.75611-50: medium to choice 92-100 lbs. down. $11.25613.75: ewes, medium to choice 150 lbs, dow'n. $5.75 6 7.25; cull and common. $2.5065.75. Bu United Press EAST BUFFALO. May 17.—Hogs-Re-ceipts. 1.800; holdovers. 200: market, steady: 250-350 lbs., *10.65611.15; 200-250 lbs. $10.90611.35; 160-200 lbs.. sll.lo® 11.40: 130-160 lbs.. $0.856 1.40; 90-130 lbs.. $10.758 11.25: packing sows. $9.2569.75. Cattle—Receipts. 250: market, steady. Calves —Receipts. 1.100; market, 50c lower: beef steers. $12.50614; light yearling steers and heifers. $13.25614.50: beef cows, $9.25 610.25: low cutter and cutter cows. $5.75 68: vealers. $15615.50. Sheep—Receipts. 2.600: market, steadv to weak; bulk fat iambs. $13.25614.25; bulk cull lambs. $8.25 ®11.25; bulk fat ewes. [email protected]. Bu I nited Press PITTSBURGH. May 17.—Hogs—Receipts, 2.000: market, steadv; 250-350 lbs.. $11" 11.40; 200-250 lbs.. SI 1.25® 11.30. 160-200 lbs.. *11.40611.50: 130-160 lbs.. $10,256 11.50: 90-130 lbs.. $10.25611: packing sows, $9.50610. Cattle—Receipts. 25: market, steadv. Calves—Receipts. 175; beef steers. sl2® 14.50; light yearling steers and heifers. $11614. beef cows. $8610.50: low cutter and cutter cows. $6 6 7.75: vealers, $12.506 15.50: heavy calves. $lO6 14.50. Sheep—Receipts, 800: market, steady to lower; top fat lambs. $14.50; bulk fat lambs. $136 14.50; bulk cull lambs. SB6 11: bulk fat ewes, $667.50; bulk fat ewes. $66 7.50: bulk spring lambs, sl4@lß. Bu Tines Special LOUISVILLE. Mav 17.—Hogs—Receipts. 800: market 15c higher; mediums and lights. 130-300 lbs.. $9.90610.75; .extreme heavies. 300 lbs. up. $10.25: pigs. 130 lbs. down 56.65(§ 7.90; stags and throwouts, $7.806 8.40. Cattle—Receipts. 200; market steadv; prime heavy steers. $126 13.50: heavy shipping steers. $11®12; medium and plain steers. $9.50611; fat heifers. $9 6 13.50: good to choice cows. $9.50810.50; medium to good cows. $789.50; cutters, $6.506 7; canners. $5.50 66: bulls. $7.50 6 10: feeders. $9.50812; Stockers. $8.50612. Calves—Receipts. 300: market steady; fancy calves. $12.50: good to choice. slo® 12: medium to good. s7®9; outs. $7 down. Sheep—Receipts. 200: market steadv; springers. $l6B 17; fed lambs. sl3 down: sheep. $5.50 6 6.50. Thursday's shipments: Cattle, 65: calves. 210: hog's, 151; sheep. 242. B '/ United Per ss TOLEDO. May 17.—Hogs—Receipts. 400; market, stead*'; heavies. $10.25610.75: mediums $lO 85: yorkers. $10.25611: good pigs. $lO 25610.75 Cattle—Receipts, light: market, slow; calves, receipts, light: market. steady. Sheep and lambs—Receipts, light; market, lower. Bu I nited Press FT. WAYNE. Mav 17.—Cattle—Receipts, 125. Calves—Receipts. 100. Hogs—Receipts. 500. Sheep—Receipts. 50: market, steadv; 80-110 lbs.. *9.75; 110-140 lbs.. *10: 140160 lbs-. *10.35: 160-180 lbs.. $10.65; 180200 lbs. $10.75: 200-250 lbs.. $10.65: 250300 lbs.. $10.50 : 300-350 lbs., $10.25; roughs. $9.25; stage. $7; calves. sl4: clipped lambs. sl3. B !/ United Press CINCINNATI. May 17 —Hogs—Receipts. 2.300: holdovers. 1.218; market, steady to 15c up 250-350 lbs.. $10.25611; 200-250 lbs.. *lO 85611.15: 160-200 lbs.. $10,756 11.15; 130-160 Ibs.. *10.50610.85; 90-130 lbs. $8 75610.50; packing sows. $8,506 9.50. Cattle—Receipts. 350; market., steadv. Calves—Receipts 400. market lower: beef steers. 312 500 14.25: light yearling steers and heifers. $136 14.65: beef cows. $96 10.50: low cuttir and cutter cows. $6,506 8- vealers. $lO6 14: heavy calves. sll® 13.50; bulk stock and feeder steers. $10612. Sheep —Receipts. 200: market, weak to 50c lower: bulk fat lambs. $1112: bulk cull lambs. $769: bulk faiewes. $266.50; aprln* lambs. sl6® It; bulk rciiU sP'le lambs.

THE INDIANAPOLIS TIMES

Produce Markets

Butter (wholesale)—No X, 47g48c; No 2. 44 646 c. Butterfat—Lb., 46®4'lc. Cheese 'wnoiesaie selling price per cund i—American leal. 38; pimento loaf. 40c; Wisconsin fiat. 29: prime cream. 37c; Daisy, 25c; Longhorn. 25c; New York 11m-ber-er. 30c. Eggs—Buying prices: Fresh delivered at Indianapolis, loss off 28c. Poultry (buying prices) Fowls. 29 s ,c; Leghorns hens. 26c; broilers full feathered. 35c: broilers bare back. 27c; Leghorns, 30c, old roosters, large 15c; small 10@13c; ducks. 12614 c: spring guineas. 30c; turkevs. No. 1 young toms. 12 lbs. and up. 35 8 38c: No. 1 young hens. 35c a lb.; No. 1 old toms. 226,25 c; No. 2 old hens. 25® 30c a lb. Bu l nited Press CHICAGO. Mav 17.—Eggs—Market firm; receipts. 24,021 cases; extra firsts. 30 s ,® 31 %c: firsts. 30®30',c: ordinaries. 27@29c: seconds. 27 1 2 c. Butter —Market firm, receipts. 12.190 tubs; extras. 41',c: extra firsts. 40 s , 641 %c; firsts. 39 , 6 40V,c; 5ec0nd5.331,639 c;8 1 ,639 c; standards, 41%c. Poultry- Market, steady: receipts, 3 cars; sow ls. 236 34c; Leghorns. 144; 32c: ducks. 240 28c; geese. lie: turkeys. 208 30c; roosters. 21c; broilers. 326 44c. Cheese — Twins. 216621 ’,c; Young Americas, 22%c. Potatoes —on track 354; arrivals, 119: in transit, 733: market, new stock slow and weak, old dull; Alabama. Louisiana and Texas sacked triumphs mostly $3.756 4: ordinary Louisiana as low as $3.25: Wisconsin sacked round whites. 656 80c; Minnesota and North Dakota. 656 75c: Idaho sacked Russets. $1.756 1.90; fancy. $2. Bu United Press CLEVELAND. May 17.-Butter—Extras. 43 s * @45Tc; xtra firsts, 41 5 ,@43%c; seconds. 39’,® 416 c. Eggs—Firsts, 31c; ordinaries, 28c. Poultry—Fowls. 35636 c: Leghorns. 296 30c; ducks. 306 33c; old cocks. 186 19c; geese, 26 6 27c; stags. 20® 22c.

Indianapolis Stocks

—May 17Bid. Ask American Central L Ins Cos. . 80u Belt R R & Yds Cos com 65 69 Belt R R & Yds Cos pfd 57 62 Central Ind Power Cos pfd.... 93 s , 99 Circle Theater 108 Cities Serv Cos com 28V, ... Cities Serv Cos pfd 96V, ... Citizens Gas Cos com 30 ... Citizens Gas Cos pfd 96 ... Commonwealth l Cos pfd ...100V, Equitable Sec Cos com Hook Drug Cos com 43V, ... Horuff Shoe Corp com 15V* Ind Hotel Cos Claypool com... 125 Ind Hotel Cos pfd 102 Ind Serv Corp pfd 90 91 Indpis Gas Cos com 58'/, 62 Indpis A: Northwtn Tr Cos pfd 6 Indpis PAL pfd 102 104', Indpis Pu Wei L Assn com... 50V, Indpis St R R Cos pfd 28 31 Indpis Wa Cos pfd 99 Inter Pub Ser pr li pfd 104 V, 106 s , Interstate Pub Serv Cos pfd... 32 Merchants Pub Util Cos pfd... 101 Metro Loan Cos 100 Northern Ind Pub S C pfd 7s. 108 Northern Ind Pub S C pfd 6s .. 98 102 Prog Laundry Cos com 47 E Raub As Sons Fert Cos pfd.. SO Real Silk Hosiery Cos pfd.... 98 Standard Oil Cos of Ind 56', ... T H Indpis & E Tr Cos pfd,... 6 T H Trac & L Cos pfd 91V, ... Union Trac Cos com % Union Trac Cos Ist pfd 1 Union Trac Cos 2nd pfd Vi Union Title Cos com 45 V Camp Prod Cos Ist pfd .... 96V, 100 V Camp Prod Cos pfd 92 —Bonds— Bid A3k. Belt R & S Y CO 4s 85 Broad Ripple Trac Cos 5s 60 Cent Ind Gas Cos 5s 95 98Vi Central Ind Power Cos 6s .... 98 Chi S B Ac N Ind Ry Ist 5s Citizens Gas Cos 5s 100 104 Citizens Street Railroad is... 74 Carv Street Rv Ist 5s 83 87 1 /, Home T & 1 of Ft Wsyne 65..101% ... Indiana Hotel Cos 5s 100 Ind Northern Trac Cos 5s .... 2 5 Ind Railway Ac Light Cos 55.. 95 Indiana Service Corp 5s 88 Indpis Power and Light Cos. 98 Indiana Union Trac Cos 5s .. 2 Indpis Col Ac Trac 5s 98 100 Indianapolis Gas Cos 5s 98 1 i ... Indpis Ac Martinsville T Cos 5s 15 Indpis No Trac Cos 5s 7 10 Indpis Ac N W Trac Cos 5s 15 Indpis Street Ry 4s 56 61 Indpis Trac A: Terminal Cos 5s 93 95% Indpis U Rv 5s J 1965 A B. . .101 Indpis Water Cos 6s. 1953 101 102% Indpis Water Cos 5%5. 1954..101 102% Indpis Water Cos lien A: ref 5s 95 Indpis Water Cos 4'js 93 Indpis Water Works Sec Cos 86 Interstate Serv Cos 4%s 89 ... Interstate Public Service Cos 5s 96 ... Interstate Pub Serv Cos B 6%s 104 No Ind Pub Service Cos os ... 97 No Ind Teleph Cos 6s. 1931... 98 99 5 /, T H A- E Trac Cos 5s T H Trac and Light Cos 5s ... 91 Union Trac of Ind Cos 6s 8’ a 11 —Government Bond,— Liberty Loan 3',s 97.82 98.02 Liberty Loan 4'4s 99.14 99.34 Libeitv Loan 4s 99.40 99.60 U S Treasury 4',s 108.20 108.40 U S Treasury 4s 104.32 104.52 U S Treasury 3Us 101.08 101.28 U S Treasury 3 Us. 1943 97.40 97.60

On Commission Row

Fruit* Apples—Box Delicious. $3.50®4; box Stuvnian. $2.58®2.75; box Rome Beautlea. $2.75®3; bushel Jonathans, $2.25®|2.75; Rome Beauties. [email protected] a bbl. Greenings, $6©6.50 bbl.; Rome Beauties. [email protected] bbl. Grapefru't—Florida. *3®4; Texas, S4.SO. Lemons—California, a crate, [email protected]&. Limes—Jamaica 100 by count. $3. Oranges—California nayel, a crate s4® 7.50; Florida, *3.50(®4. Strawberries—Alabama 24-pint crate, $4.50(85.50. Vegetables Artlchockes—s2.so a dozen. Beans—Southern stringless. $3.50 a hamper. Carrots—Texas. [email protected] 5-doz. crate. Cauliflower—California. $2.75. Eggplants—*l.so(B* a dozen. Parsley—Home grown. do*en bunche* 60c. Parsnips—sl.2s a bushal. Peas—Arizona, $5.50 a 45-lb. box. Peppers—Florida, a crate. *s®6. Radishes—Button hothouse, doz. bunches. 75c. Spinach—Texas. $1.25 a bushel. Turnips—sl®l.2s a bushel. Tomatoes—Repacked. 6-basket cTate, s7®9. Cabbage—Texas, new’ cabbage, 3%c. Kale—Spring, a bushel. $1.25. Celery—Florida. [email protected]. Lettuce—California head, crate. $4.50@5; home-grown leaf, a bushel, 65®75c. Onions—Yellow, a 100-lb. bag. *4.75; red, $5 a bag; Spanish, a crate. $3.25; western $5.75; new Texas a crate. *4.50. Shallots—3s®4oc t- bunch. Potatoes—Michigan round whites, 350 lbs., $1.75; Ohio. *1.75®1.85: Idaho, $2.50®3 a bag: new Texas triumphs, a 100lb bag. *6.50. Rhubarb—6o® 75c a 5-lb. bunch. Coconuts—ss.so a bag of 100. Sweet Potatoes—lndiana Jersey. *2.75 a bushel: No, 2. *1.50 bushel; Nsncv Hall Beans—Southern stringless. $3.75@4 a hamper.

Other Livestock Bu United Press CLEVELAND, May 17.—Hogs—Receipts, I. market, steady to 10c lower; 250.350 lbs.. $10.654111.15; 200-250 lbs., *10.90®) 11. 160-200 lbs.. *11611.15; 130-160 lbs'. sll®. 11.15; 90-130 lbs.. $10.75(811; packing sows, $9.25(89-75. Cattle—Receipts, 200; market, steers weak to 25c under Monday; cows, fairly steady; calves, receipts. 200; market vealers slow to 50c lower; beef steers, $12.35(813.50; beef cows, *9(B 10.50; low cutter and cutter cows, $6.500} 8; vealers, $12.50(815. Sheep—Receipts, 500; market, slow to 25c lower; top fat lambs, *13.50® 14; bulk fat iambs, $10.50(811.50; bulk cull lambs. $6<87.50.

Chicago Stocks —May 17Open. High. Low. Close. Acme Steel ... 100 J D Adams .... 39 39 s * 39 38% Am Seating Cos .. 26% 27 26% 27 All Am Radio ..13 14 12% !* Atlas Stores ... 48 Auburn M0t0r5..234 256 234 236 Bastian B 40 Bendix 173% 181% 173% 180 Borg Warner .. 134% 138% 135% 136 Butler Bros 28 s * 28% 28% 28% Campbell W 38% 39 37% 37% Chi Yel Taxi .. 32 32 s * 32 32% Club Alum 27% 28 27 s i 28 Com Edison 249 s * 250 SS 249% 250 Erla Radio 9 10 9 9% Elec Household . 52 55 51% 54 Grigsby 133 134’% 132% 134% Grt Lakes Air .. 25 25% 35 25% La Salle 3 % Hart Carter 27 27 26% 26% Houdaille A 52 52% 50% 50% Houdaille B .... 52 s * 52 s . 50% 50% Kalamazoo 3tovelo3 104% 103 104% Kevstone Steel .. 43 43% 43 43% Libby McN 12 s .. 12', 12% 12% Lion Oil 35 s * 35 s * 35% 35% Midwest Utilities 165 166 165 165% NAm Car 49% 51% 49% 51% Natl Elec P 'A) 30 s , 31 30% 30% Natl Standard .. 47% 48 47% 47% Nollitt & Sp... 47 s , 48 47% 47% Or.l Mfg 40% 42 40 s * 41% Parker Pen .... 51 Perfect Circ.e .. 53% 54 s , 53% 54% Pines W’inter F .. 69 ... Poor & Cos 28% 28 s * 28% 28% Ross Gear 54 ... Sonatron 35 35% 34 s * 38% Swift &• Cos 129 Swift Inti 32% Super Maid 80 s * 62 s * 60 s * 62% Stand Dredge .. 32 s * 32% 32 32% U S Gypsum ..71 74 71 71% Utah Radio 19 s * 20 19 s * 20 Wahl 24 24 23 5 , 23% Wlnton Engine 83 84 82 % 84 Yates 28% 28 s . 28% 28*4 zenith Radio 39 s * 39% 39% 39< 2 J Morrell & Son 79 79 78% 78% U S Radio & Tel 80 82% 80 83 Brown F & W a 27 s , 28 27% 27*4 Unit Corpn ... 2 8 28 s , 28 28 s , Stelnlte Radio .. 31’.4 32 31% 32 Pann Oas & Elec 31% ... Foote Bros .... 23% 23 s j 23 33 Mohawk Rub ..55 ... ... ~. Ken Rad Tube... 23% U 23% 23%

WHEAT PRICES DROP LOWEST IN FIVE YEARS Fall Due to Traders’ Lack of Confidence: Corn, Oats Also Off. ! Bu ( nited Press CHICAGO, May 17.—Absence of any confidence in a better future ! for vi heat, rather than an influx ot new bearish factors into the trading, caused wheat to fall to lowest levels in over five years today. After the grain’s thin support had been broken down prices continued to decline throughout session and closed at lowest for the day. Corn and oats were forced lower by wheat. At the close wheat was 2% to 2’i cents lower, corn was off Its to l 7 * cents and oats were % to 1 cent lower. Provisions were unchanged to sharply lower. All deliveries of wheat fell to new lows on the crop shortly after the opening when a rush of selling orders found market without adequate support. Trading was carried on in a confused manner during the morning without any signs of a rally in the huge turnover. Cash prices were to 1 cent lower. Receiots were five cars. Corn prices melted away with wheat, but declines were not as drastic as in the small grain. The bullish factors of small receipts and good cash demand were ignored by traders, who sold on the better planting weather and knowledge of large stocks of corn still on farms. Trading was very heavy during the forepart of the session. Cash prices were !■•. to 1 cent lower. Receipts were 39 cars. Oats worked along with major grains, but trading was not as active as in other pits and without any distinguishing feature. Cash prices were unchanged. Receipts were 52 cars. Chicago Grain Table -May 17WHEAT— Prev. Open. High. Low. Close, close. Mav. . 1.03'i 1.03% 1.01% 1.01% 1.04% July.. 1.08'•* 1.08 s , 1.05% 1.05% 1.08% Sept... 1.12 1.12 V, 1.09% 1.09% 1.12% Dec.. 1.17 1.17 V, 1.14% 1.14% 1.16% CORNMay.. .86 .86 .84', .84% .86 July.. .89 .89% .80', .86 s , .88% Sept.. ,90 s . .90% .87% .88 .90 s , Dec. . .84 s , .84% ,82 s , .82', ,84 s , OATS— Mav.. .47% .47 s , .46 .46 s , .47% July.. .44% .44% .44 % .44% .44% Sept,.. .43% .43 s , .42 s , .42% .43% Dec.. .45 s , .45% .44% .44% .45% RYE— May.. .87% .87% .84 Vi .84’% .87% July.. .8 Vi -88 s , .85 Vi .85 s , .88 s , Sept.. .91% .91% .88 .88% .91% LARD— May. 11.47 nominal 11.47 11.57 July. 11.75 11.70 11 62 11.67 11.75 Sept May. 12.25 nominal 12.25 12.25 July. 12.65 nominal 12,65 12.75 Sept. 13.25 nominal 13.25 13.25 BELLIES — Mnv. 12.50 12.65 12.50 12.65 12.65 July. 12.92 13.05 12.92 13.05 13.05 Sept. 13.57 13.60 13.55 13,60 13.65 Bu Times Special CHICAGO, May 17.—Carlots; Wheat. 8; corn. 8; oats, 65; rye. 9. Bu ( nited Press CHICAGO, Mav 17.—Cash grain ciosae Wheat—No. 2 red. $1.19. Corn—No. 4 mixed. 83%c: No. 2 yellow. 89%<5:90c; No. 3. 88®89c: No. 4, 85®86c: sample grade,, 84c. Oats—No. 2 white, 47%(6:49c: No. 3, 45 s ,®47c; No. 4. 44 s ,c; sample grade. 41c. Barley Clover—Bl7® 25. Bu ( nited Press TOLEDO. May 17.—Cash grain close; Wheat—No. 2. tMß@i.l9. Corn—No. 3. 92®93c. Rye—No. 2. 31. Oats—No. 2, 50 @sic. Barley—No. 2. 84<®65c. Clover—Domestic. cash, old. sl6; cash, new *l6; import. cash old, *12.75; cash, new, $13.25. Timothv—Cash, oid, *2.80; cash, new, *2.90; May, $5.90. Alsike—Cash, new. *2O. Butter —43®47c. Eggs—29@3lc. Hay—*l.so cwt. B.U Times Special CHICAGO. May 17.—Primary receipts: Wheat, 678,000 against 716.000; corn. 253,000 against 385.000: oats, 308,000 against 434.000. Shipment—Wheat. 1,266,000 against 1.877,000; corn, 733,000 against 650,000; oats, 540,000 against 550,000. New York Curb Market —May 17— Close. Amn Gas 162 Petrol Corp 29% Assoc Gas )Al 56% Allied Power 56 Amn S Power (Al 161 Amn S Power (Bi 160 Anglo-Amn 15% Ford of England 13% Aviation Corp Cont Oil 22% Cities Service 28% Can .Marconi 8% Curtiss Fly Ser 26 Durant Motors 13% De Forest 15 Elec Bond & Sh 101% Elec Inves ................158 Ford of Canada (Bi 85 Ford of Canada (A) 58 s , FOX T 28% Freshman IOVi Gulf Oil 185% Genera! Bak (At 7% Humble Oil 117% Hudson Bay 17% Fokker 66% Universal Aviation 21% Int Pete 51% Mount Prod 17% Nat Aviation 74 N E Power 62 Bendix Aviation 92% Niles BP 60% Ohio Oil 68% Sikorsky 48 GeneralEElectric 35,3 5 , Gotham K 11% Newmont 208 s 4 Normanda 56 s * Rainbow 33% Std Oil Ind 56 s 4 Std Oil Kan 18% Std Oil Ky 38% Ohio Copper 2 Sait Creek 19% Walgreen 85% Serve! 19% Fan Steel 13% S E Power 93 % Shattuck 17% Trans Cont A T 29% United L & P (Ai 40% United Gas <t Imp 198% A Prods 4% United Verde E 17V, Vacuum Oi! 122 s .; N Amn Aviation 18 Births Boys Claude and Rosamond Burnett. 5626 West Washington Edward and Ethel Kippen, 4310 East Eleventh. Harry and Helen Maxwell. 1242 Nordyke. Paul and Helen Miller. 5940 Dewey. Darrell and Nellie Alley. 2161 Winter. Girls Fred and Ruth Cook. Coleman hospital. Jeffie and Alta Deckard, Coleman hos pita!. William and Florence Duncan, Coleman hospital. Deaths Chester Miller. 15. Riley hospital, meningitis. Nora S. Crawley. 66. 356 West drive, Woodruff Place, acute nephritis. Alice M. Lepley. 48. Methodist Hospital, cerebral hemorrhage George Dan. 6 mo., Riley hospital, acute spinal meningitis. Mildred May Hyatt. 6. city hospital, septicaemia. Emma Francis James. 25. city hospital, diabetes mellitus. Martha Jane Heileman. 77, 2314 North LaSalle, mitral regurgitation. Charles Monroe Hooper. ' 35, city hospital. endocarditis. Chloe Elizabeth Coe. 70. Methodist hospital. hypostatic pneumonia. William Edware Schobert, 46. Long hospital. acute gastritis. Elizabeth Outlaw. 36. city hospital. Ur |coU Webb. 54. 548 West Twenty-fifth, mitral insufficiency. John A. Coleman. 71. 2262 North Rural, arteriosclerosis. Carrie Shiely. 59. Methodist hospital, acute nephritis. Mary Connolly. 67. 3033 North Illlnol*. myocarditis. Lois Patricia Keyt. 1 mo.. Christian hospital. acute myecraditis. Charles Alexander. 48. Lodi fcospital, chronic nephritis.

Jeanne Is So High-Nosed That Her Dog Is ' Sacred ’

Bu 'l imes special NEW YORK, May 18.—There's a big laugh in one of the Jeanne Eagles stories that have slithered out of the Paramount Long Island studio. It is relayed by Photoplay magazine. One day she caught a stage hand petting her handsome police dog, and burned up. Who had the audacity to even touch the dog of the great Eagels? How dare he? And so on and so on and so on. ad nauseum. The next day this notice appeared on the bulletin board: “NOTICE TO ALL EMPLOYES—Nobody working in this studio Is permitted to speak to Miss Eagels dog.”

NEWS PUBLISHER MAY BE WITNESS

Fairbanks Is Likely to Be Quizzed on Power Company Offer for Paper. By Scripps-Howard Xewspapcr Alliance WASHINGTON, May 17.—Warren Fairbanks, publisher of the Indianapolis News, may be called as a witness in the federal trade commission hearing now in progress, in regard to the reported attempts of persons representing the International Paper and Power Company and other units of the so-called “power trust” to buy controlling interests in newspapers through the United States. Fairbanks would be called simply to find out from him who may have been trying to buy the News. Charles O'Malley, Boston advertising man, today related to Commissioner McCullough, directing the hearing, how two men named Campion and Colloran, representing themselves as a bond salesman and a New York broker, respectively, had called on him about Feb. 11 or 12 of this year to open negotiations with two large Boston papers in the interests of unnamed clients. “They told ms,” O'Malley testified, “that they were not ready to disclose their backers, but that the latter were interested in buying a chain of fifty to sixty papers through the United States. They said they now were negotiating for a large paper in Indianapolis—l think the News.” The name of the News first was brought into the hearings Thursday when a memorandum was introduced written by C. P. Carberry, managing editor of the Boston Post, relating to a conversation he had with O'Malley. The latter told him. the memorandum said, that he (O'Malley) was representing the Insulls. who had authorized him to buy large newsST. VINCENT SISTERS TO FETE HOSPITAL STAFF Banquet Monday Will Honor Class of Graduates. A banquet in honor of the 1929 graduating class at St. Vincent’s hospital will be given to lecturers, teachers and hospital staff by sisters of the institution next Monday at Louise de Marillac hall, nurses’ home. This dinner is only one of many to be given in honor of the class. Second year nurses at the hospital will honor the class with a banquet at the Severin hotel, Tuesday. Another dinner will be given in hemor of the Right Rev. Joseph Chartrand. bishop, who will preside j at the commencement exercises, May 23. The class of 1928 will be hostesses to the graduating class of 1929 at a reception and banquet following the exercises to be held at Louise de Marillac hall.

SCHOOLS GET $553,444 IN STATE AID CLAIMS Ninety Cents on Dollar Paid; Hope to Abolish Deficit Soon. Ninety cents on the dollar was paid on state aid claims by the office of Roy P. Wisehart, superintendent of public instruction, Thursday it was announced by Harry Kirk, state aid auditor. The checks sent out total $553,444.65. Next year the increase granted by the 1929 legislature will add another $600,000 a year to the fund. Kirk declares that he hopes to abolish the deflicit, now prevailing, and balance the books. Much criticism of the handling of the funds in Wiseheart’s office was made by the legislators, but the superintendent’s lobby succeeded In checkmating a move to put it under the state board al ae&emta,

Jeanne Eagels

papers and who already had bought the Indianapolis News. O’Malley, on the stand today, denied this conversation. He said that in casual talk with Carberry the latter had asked “who I supposed Campion and Colloran represented, and when I replied that they mentioned bankers in New York or Chicago, himself suggested It might be Insull.”

Carp Copped But Not Before Captors Efforts in Mud Hole Stop Traffic.

Crowds lined the rail of the Washington street White river bridge and triple-parked autos paralyzed traffic early this morning. Impatient drivers, hurrying to work, honked their horns and then abandoned their mounts to elbow into a place of vantage at the rail. Twenty-five feet below a dusky disciple of Izaak Walton played a nautical version of the shell and pea game with a capricious carp, which was not a little disconcerted by the fact that it was left marooned in a fifty-foot pool when flood water receded. “Now you see, now you don't,” grinned the Negro, trousers rolled to his knees, after a futile lunge at a dorsal finn which zigzagged, periscope-like, through the muddy water. “Ride ’em, cowboy!” someone shouted when the tantalizing fin reappeared a few feet off. Another leap, a swirl in the water, a sopping-wet figure regaining its balance on the slippery mudbottom. And two hundred people late to work. But perseverance won. Autos sped homeward over the Washington street bridge this afternoon uninterrupted. For “the carp that stopped the traffic” sizzled in a west side frying pan.

“Miss Indianapolis’’ l y BEAUTY QUEEN \JW \ 7 / Charlie Davis /Cj / TOMORROW NIGHT i . ADDED ATTRACTION ' <?prpnaders ./LONG & SHORT y/ \ VOW PLAYING I n SPECIALITY DANCERS f

PAGE 13

MANUFACTURER ’ ASKS CHANGE IN TARIFF CONTROL More Power for Hoover Urged in Talk Before Executives. Suggestions lor improving tariff administration and putting it on a more nearly permanent basis by which disturbing general revisions may be avoided have been submitted to congress by organized manufacturers. John E. Edgerton. president cf the National Association of Manufacturers and chairman of the National Industrial Council, told Indiana manufacturers at a luncheon at the Columbia Club today. ‘ The American people overwhelmingly indorsed the application of the protective principle in the last election,” Edgerton said. “No matter in what form the coming tariff revision is cast, the necessity for the adjustment of rates in order to make practically effective the protective policy declared, will continue to exist.” Edgerton added that the association already has declared for improvements in the tariff commission: for making it nonpartisan instead of bipartisan, and for an improvement in its personnel and administration, as recommended by President Herbert Hoover. Other recommendations were: * “To change the present congressional standard of adjustment from the difference between foreign and domestic costs of production to ascertain differences in conditions of foreign and domestic competition. “Removal of the limitation upon the action of the executive which now confines him to a limitation of 50 per cent in the range of change. “In the ascertainment of the facts at issue, the President is to have the aid of the tariff commission, who are to provide opportunities for appropriate hearing in connection with investigations or applications for adjustment, and the President may not issue a proclamation or adjustment until the commission has investigated and made its recommendation. “To make such a conception of tariff adjustment effective, it is urged that the tariff commission should be composed of an odd number of members to prevent deadlocks. The membership should be men of : high qualification and compensated equally with members of the inter-! state commerce commission, and the body should no longer be made bi- f partisan by law, but chosen solely*" upon capacity to discharge the special function submitted to them.” Building Permits Trinity M. E. Church, excavation 627 Division. $625. Indianapolis Power and Light. Company, pit. Vermont and Talbott. SI,OOO. R. F Moore, repair. 2339 Prospect. $550. Ripple Rraltv Company, foundation. 6220 Ashland. S3OO J. C. Shea, remodeling. 1928 North Delaware. $2,300. F L. Hamilton, reroof. 3324 Roosevelt, $237. S. Poppe. rcroof. 1119 Shelby. $368. G. Justus, dwelling and garage, 3922 East Thirtieth. $3,200. A. Cohn, remodeling. 1201 Union. 358. G. Justus, dwelling and garage, 3925 East Thirtieth, $3,200. G. Justus, dwelling and garage, 3923 East Thirtieth, $3,200. J. Grlener, remodeling. 1423 Leonard, S2OO. E. F. Albrecht, garage, 1830 Koehne, *250. R. Neeves. dwelling and garage. 401 West Forty-sixth. $11,300.

TOO LATE TO CLASSIFY FIRST-CLASS MACHINISTS ON AVIATION MOTOR WORK GOOD FUTURE. ARTHUR CHEVROLET AVIATION MOTORS CORP., 410 V/. 10TH. TRUTH ABOUT WALL STREET A treatise on effect of the Federal Reserve Board, the. Reserve Banks, Investments Trusts, call money, etc. HOW YOB LOSE in Wall Street. How to prevent those losses. Free upon request. Arthur’s Investment Research Bureau 246 sth Avenue New York, N. Y.