Indianapolis Times, Volume 41, Number 8, Indianapolis, Marion County, 21 May 1929 — Page 14

PAGE 14

ENERAL STOCKS LIST ADVANCES HIGHER IN MART Gains Ranged From Fractions to 2 Points: Trading Quiet.

Average Stock Prices

'•! '' . Mm,ns • * M 3)2.70. of *7O Average of Vrenty rails oa. 13! :•. -ip rB4 a- < rage 0 f forty bonds wa 94.15. of! 03. BV ELMER C. WALZER United I’rrss ‘'taff Correspondent NEW YORK May 21. Stocks on New York St-rck Exchange shotted signs of recovery at the opening today after the industrial shares had declined more than eight points in the average Monday. Gams at the outset ranged from fractions to more than two points with all groups participating in the advance. Trading was tairly active. General Motors opened i 0.000 shares at. **B. off 1 k ; Erie 4.000 shares at 75, up 1’ ; 500 New York Central 187’p, up 3’-. Airplane shares were rallying sharply from their slump of Monday. Curtiss rose 2 : points to 155 end Wright a point, to 128 ~ Kennecott featured the coppers with a rise of nearly two points to 84 }. General Electric rose 3 points to 275. American Can 1% to 137 U, Radio to 91 and Yellow Truck 1 % to 43 7 . Still under the influence of the supreme court, decision in the St. Louis Sc O'Fallon railway case, the railroads were consistently higher, gains ranging in some cases to more than 4 points. Atchison rose 4% to 204 ~.k, Chesapeake A: Ohio a point to 209, Northern Pacific. 2 i to 103%; Baltimore Sc Ohio, -% to 119T5; St. Louis-Southwestern, li to 95%; Missouri Pacific, 1% to 92'*, and New Haven, •?. to 224^i. Utilities were strong under the leadership of Consolidated Gas and Columbia Gas. Several issues continued under moderate selling pressure and showed small losses. These included Loew’s. which dipped to new low for the year; Fox. American Smelting, Atlantic Refining. United States Steel. United Aircraft. Montgomery Ward and Chrysler, which made a new low at 77, a decline of a point from its earlier high. Radio and General Motors continued to decline in early trading.

Banks and Exchange

INDIANA PODS STATEMENT Indianapolis bank clearings Tuesday, May 21. $4,234,000; debits. *8.485.000. < MIC AGO STATEMENT Bn I nited Prt ss CHICAGO. May 21. Bank cieanngs, $114,500,000; clearing house balance. $9,800,000 NEW YORK STATEMENT Bn t nitetl Pr. ss NEW YORK. -May 21 Bank clearings, $1,349,000,000 clearings house balance. *121.000.000: icdrrn) reserve bank credit balance. $117.000. non. TREASURY STATEMENT Bn I ni'ed •-, WASHINGTON. May 21 Treasury net balance May 18. $141,205.481 61; customs recetpls to that date. $39,478,963.92.

In the Stock Market

ißy Thomson <5. McKinnon) NEW YORK. May 21.—-That the market Monday is no longer responsive to constructive news was clearly demonstrated Monday when the decision in the O'Fallon case proved to be only a temporary stimulant, Regardless of increased dividends, favorable earnings reports and a continuation of the high operating ratio of our major industries, liquidation in the market appears to be gaining momentum. The natural question arises as to what has caused this marked change in the attitude of investors. Obviously the conclusion must be in the credit situation and with sentiment in federal reserve circles gradually reaching a point where an advance in rediscount rates is being anticipated. is it not logical that the market is in the process of discounting just such a development. The fact that the executive committee of the New York Federal Reserve Bank held a protracted session yesterday, the chief purpose of which it is generally believed is to bring about an advance in the rate of 6 per cent is. it seems to us. sufficient justification for expecting a highly nervous market until the question is disposed of later in the week. PINCHOT LAUDS SMITH Ex-Govfmor Praises “A!" for Telling Truth About Power Trust. By l n... '! Pri • BALBOA. C. Z, May 21.—Former Governor Gifford Pinchot of Pennsylvania lauded former Governor Alfred E. Smith of New York in a speech before the Colon Rotary Club Monday for "telling the truth about the power trust." Pinchot said he did not vote for Smith in last year's presidential election, but he took off his hat to him for his straight-forwardness in speaking of the power trust.

TRUTH ABOUT WALL STREET A treatise on effect ot’ the Federal licsorve Board, the Reserve Banks. Investments Trusts, call money, etc. HOW YOU LOSE in Wall Street. How to prevent those losses. Free upon request. Arthur's Investment Research Bureau 246 sth Avenue New York. N. Y.

New York Stocks

'Bv Ihomron * McKinnon 1

- Mae 21 Pro . Railroad'— High. Los 12:00 rlo**. Au-hi.son 20* 204 3 , 206 206 v. - . Coa ■ Line - 183 184 Bait A- Ohto .120-. 119% 119'? 120% Canadian Par ..228'? 226% 328' 229 CUesa A Ohio . 21* 209 ?12 208 Ches* Corp 96% 94% 9' 96 Chi A V Weal . . 86' 84 84', 83’, Chi Grt West . 18% 17% 17"- 18% C R r A P 128', 124 3 , 124% Dr I A- Hud on . 193', !92% 193 1 S>4 : . Del A- I aexa .. . 124'% Brie 75% 73' 74 75 Ere lat pfd . .. 59% 59', 59'? 60'. OH Nor 105'. 105. 106% 111 Contra! !36% 136 138 137 Lehigh Valley 87' 87 Ka. City South 35 84' 84' 85 I-ot, A Nash 144 143% 144 140' M K A T . . . < . Vr 48 4'- . Mo Par pfd ... 138 137% 137% 138 , N Y Centra! . 188% 183', ISO 3 , 188 !. V c A- St L 132 137. NY NH A- H.... 1005a 9 3 99% 10!', Nor Pacific 103% 103 101 100 Norfolk A- Was' . 204 20?% 203'. 20? O A W ?% 27' 2 PennuT ania .. 78’ 77% 78 78'. P A W Va 132 134". Reading 109% 106 106 110' Southern R" . 142 141 3 . 142 !4?% Bout ern Pac .131', 130'. 131% 131’. S Paul 33% 32'. 32'. 32'. S'. Paul pfd .. 52% 31 1 . 51*. 52% S' I. A S W ... 95'? ?*' • 95' 96', S' I, A- S T 119% 117 117% 116 Trxaa A- Pac .. 173 Union Par,fir 225 222 2?? 225% W< • Maryland. 45% 43’.- 43'. 45 5V a barn ... 66 65'. West Pac 36 35% Robber*— Ajax 6% 6% 6% 6% Fisk 10% 10' 10 10 . Goodrich 82% 80% 80% 82% Goodyear 129' 1?6 127 130’-K>llv-Spgfld ... 17% 16' 16% 17% I.'C ... 18 17' ■ 17' 18 United Stale' .. 55' 53% 53% 55% Equipments— Arn Car A- Fdv.. 97% 96% 96% 96% Am Locomotive 116% 115% 113% 115'-. An; Steel Fri ... 63' 65 6m Brake S 52 51% 52 51% General Eier .279% 274 275% 280' Gen R V Signal .109% 107%- 107% 111 Gep Tanl 85’, 84% 85’ 86' N Y Airbrake . 44% 44 44 45 Pressed Stl Car ... 19% 19% Pullman . 81% 81% 81% 81% Westmgh Alvb. . 46% 46% 46'. 47 Westingh Elec ..161% 158% 158% 160’, Steel*— Bethlehem 103%- 101% 101% 104% Colorado Fuel . ... ... 65% Oti.' 41 41%Gulf States Stl 62 Inland Steel ... ... 87% Crucible 89 88 %- 89 89 Rep Iron A- Stl 91% 90% 90% 92% IT S Steel 172% 170% 170% 173% Alloy 45% 45 45 45% Youngstwn Stl.. . 126 127 Vanadium Corp. 88% 86 86 89% Motors— Am Bosch Mag 62% 58% 58’ 63 Briggs 39% 38% 38% 39% Chrysler Corp .. 78% 74% 74% 80% Eaton Axle 64 63% 63% 65 Graham-Palge... 31% 31% 31% 32% Gabriel Snbbrs . 24% 24' 24% 24% General Motors. 79% 76% 77% 78% Hudson 88% 85', 85% 86% Hupp 50% 49 49 51% Auburn 241 237 237 242 Mack Trucks... 98' 98% 98% 99% Marmon 95', 94’ ■ 9,5 96' ■ Re© 26% 26% 26% 26% Motor Wheel 46', 45% 45% 46% Nash 92%- 91% 91% 92% Packard 149 136' 137% 140% Murray 95 96% 91 93%. Pierce Arrow .. 33' -> 32% 32% 32' Studebaker Cor. 78% 78% 78% 79' - Stew Warner . . 73% 72% 72% 73% Stromberg Carb 110 107 109 111 Timken Bear .. 87% 86% 86% 88% Wlllys-Overland 24% 24% 24% 25% Yelio Coach... 43% 42% 42% 44% White Motor .. 40% 39% 40 42 Min inc Am Smlt A- Rfg.loo% 99% 99% 100'. Anaconda Cop .103% 100 100% 116% Calumet A H .. 41 40% 40%: 41 Andes 49Vs 48', 48% 50% Greene Can Cop .. . . 147 146 Inspiration Cop 42%. 40% 41%- 42 Int Nickel . 50% 48% 48% 50% Kennecott Cop.. 84% 87% 82% 82% Magma Cop 69 68% 68% Ne; Cons 44% 43% 43% 4.5". Texas Gulf Sul.. 76 75% 75% 75% U S Smelt .... 56% 56 56 57' Oils— Atlantic Rfg .. 67%, 66 66 67% Barnsdale 44% 43 % 43 % 44 Freeport-Tcxas . 44' - 44 44', 45 Houston Oil 89 90 Indp Oil A- Gas 38 37% 37% 37%. Martand Oil . 37% 37%. 37%, 37% Mid-Cont Petrol 36 35% 35', 35% Par.-Am Pet 8.. 62 60 % 60', 60% Philips Petrol.. 40% 40% 40% 39% Prairie Oil ... 58% 57% 58% 57 Louisiana Oil .. 14 13% 13% 14 Pure Oil 29 28% 284s 28% Prairie Pipe 61’, 61% 61% 60%, Shell 29% 28% 28% 29% Richfield 45'% 45% 45% 46% Sinclair Oil 39% 38% 38% 38 Skellv Oil 42 41% 41 %- 41% Std Oil Cal 77% 76% 76', 76% Std Oil N .T... 58% 58% 38% 58% Std Oil N Y 41% 41 41 41". Texas Corp .... 64% 63%; 64 64 Transcontl .... 13' 124 12% 13% White Eagle ... 36% 35% 36 35% Industrials— Adv Rtimely ... 60% 59 59 59 Allis Chalmers .188 187% 187% 190 Allied Chemical .294 29! 292" 289 Armour A !2% 12% 12% 12% Amer Can 137% 135% 135 135% Alaska .1 5% 5 3 , Am R V Mill. .. . . .. 116 Borg Warner ..134% 128% 130 133 Am Safety Rax 69%. 65% 63% 67 Am Ice 4! V. 41% 41% 41% Am Wool 19%. 19% 19% 19% Curtiss 160 151% 151% 152%. Coca Cola ... 127% 127% Cont! Can 71% 70% 70% 71 ■% Certainteed ... ... 23% Congoleum .... 23% 23 23 23% Davison Chem 53 52". Dupont 170% 168 168 170% Famotis Placers 67 65% 65% 67 Fox A * 90% 89% 90 91% Gold Dust 62% 61 61 61% Olidcien 45% 44% 44% 45% Link Bel’ ... ... 52% Int Harvester ..112 109 109 111 lambert 139% 138% 138% 140 Loews 58% 57% 57% 58% Kolster 35% 34% 34% 36% Montgom Ward 118%. 116% 116% 117% Natl CV R. 114% 110 111 112% Radio-Keith . . 31% 30% 30% 31% Un Air Craft.. .’.134 125 127 130% Radio Corp .... 93% 90 90% 90% Real Silk 75% 74 74 76 Rem Rand 31% 31 31 31% Sears Roebuck ..157', 156", 156', 156% Union Carbide . TP 3 * 77', 77% 78". Warner 125% 123 123% 126 Univ Pipe 13% 14 U S Cs Ir Pipe.. 38' 38 38 38 U S Indus A!co 159% 157% 157% 158"Worthington Pu .. 49% Woolworth Cos ..224% 222% 223 225 Utilities— Am Tel A- Te1..212% 211% 212 212% Am F Jonce 105 Am Wat Wks. 90% 88', 89% 88 Brklyn-Monh T ... 64 70% Col OA* E 73% 71 > 72% 71 % Consol Gas . ..112% 110% 110‘, 111 Elec Pow A- Lt. 67% 65’, 65% 66 United Corp .. 64% 62 % 62% 65 Nor Amer Cos ..115 113'- 113'- 114'Nfttl Porr .... 52 50% 50% 52% S Cal Edison ... 57% 56% .46". 57% Pub Sen N J.. 86 84 84 84% Std Gas A EL. 91% 90% 90'i 90% Utilities Power 40% 40% 40% 40% West Union Tel 189', 189 189 187 Shipping— Am Inti Corp.. 63", 62 62 63% Am Ship A- Com .. ... 3% Atl Gulf AWI 62 81% 61% 62% Inti Mer M pfd 43% 42% 42% 43% United Fruit ..135 124 125 123 Foods— Am Sug Rfg.... 79% 79% 79% . Kroger 85% 84", 84% 85% Beechnut Pkg . ... 79% ... California Pkg.. 75% 75% 75 ■„ 75". Corn Products.. 90% 89% 89% 91% Cuba Cane Sug ... 7 7% Cuban Am Sue.. 12% 12", 12' 12% Fleischmanr. Cos 73% 71% 72 72" Jewel Tea ... 149 Krafi Cheese .. 46% 46% 46% 47 Natl Biscuit 176' 175 176% 175 Natl Dairy 66% 65% 65% 132 Postum Cos ... 76% 74% 74". 76", Ward Baking B 11 n% Tobaccos— Am Sumatra .. 45% 44". 45% 44% Am Tob 'Bi ..171% 171", 171% 172% General Cigar 70 Lig A- Myers 90 89’, 89' 89% Loriilard 27% 26% 27% 26% R J Reynolds .. 55% 55% 55% 56". Tob Prod ,B" 16% 15% 15% 16% United Cigar St 20% 19"- 19'. 20 Schulte Ret Strs 23 22 22 * 22% Stand Com Tob 26 24%. 24'- 26% Grand Union c.. 24% 23% 24 * 23". Grand Union pfd .. ... ... 46

Produce Markets

Butter (wholesale)—No 1, *7(548c; No. 3. 44 'a46c Butterfat—Lb.. 46247 c. Cheese 'wholesale selling price per -undi— American loat. 38: pimento loaf. 40c Wisconsin Bat. 29; prime cream 37c: Dalsv, 25c: Longhorn 25c: New York UmEggs- Buying prices: Fresh delivered at Indianapolis, loss off 28c. Poultrv 'buying prices• Fowls, 29’jc; Leghorns hens. 26c: broilers full feathered. 35c; broilers bare back. 27c: Leghorns. 30c; old roosters, large !sc: small 10013 c; ducks. 12:d14c: spring guineas. 30c: turkeys. No 1 voune toms. 12 lbs. and up. 35 38c; No 1 young hens. 35c a lb.: No 1 old toms. 2Z r i2sc: No. 2 old hens. 253 30c a lb H t nil, Fee* CLEVELAND. Xla- 2! Butter— Extras. 44 i 46c: extra firsts. 42'u440. seconds, 40 42c. Eggs—Firsts. 31c; ordinaries 28c, Poultry-Fowls. 35'.: 36c: Leghorn CS -.-SOc; ducks. 28 ' 30c; old cocks. 18" 20c: geese. 26i" 27c: stags. 20 u 22c. NEW YORK COFFEE RANGE Mav 20— High. Low. Close. Januarv 1 .... 13.82 March' 13.55 13.65 13.55 Mav ‘ 16.13 16.05 16.05 julv 15 05 15.00 15.00 September 14.39 14.27 14.27 December 13.91 13.87 13JU

| HOGS STEADY TO 10 CENTS ! OFF IN YARDS Beef Steers Slow, Bidding 15 to 25 Cents Lower: Veals Down. ’ Mr . Bulk Top. Receipts. 14. 11.20", , 11.40 11.10 7.500 j 15. 11.0CN.il 10 11.15 5.000 'l6. 10.75 % 11.90 31.93 7.500 i 17. 10.75% 10.90 11.09 7.500 ! 18. 11.00% 11,10 11.10 2 >OO 20 10 90'/ 11.00 11.00 8,000 21. 10 75'- 10 90 11.00 9. "00 j The hog market today was steady V> 10 cents lower, generally steady ) with Monday's average. The bulk ot 160-300 pounds sold at $10.75 to i $10.90. The top price paid was sll. Receipts were coasiderably higher, 1 estimated at 9.500. and holdovers from Monday's market totaled 213. Beef steers were slow bidding | aiound 15 cents to 25 cents lower, j She stock was steady in the cattle 1 division. Vealers were 50 cents lower, j selling at sl4 down. J The sheep and lamb market was I steady. Few spring lambs brought j around sls. Shorn ewes were sell- : inc at $5 to $6.50. j The Chicago hog market opened ! about steady with Monday's average. Several loads of choice 160-225-pound weights brought sll. Bidding $10.65 to $10.75 for choice 260-300-pound butchers. Receipts were 15,000. including 800 directs, ana holdovers numbered 5.000. Cattle receipts were 5.500; sheep receipts were 15.000. Hog prices today were as follows; 250-350 pounds. $10.50 to $10.90; 200250 pounds. $10.85 to $11; 160-200 pounds, SIO.BO to $11: 130-160 pounds, sfb.2s to $10.75: 90-130 pounds. $9.50 to $10.50. and packing sows. $9.25 to $lO. Cattle receipts were 1.600; calf i receipts were 1,000: Beef steers, $12.50 to $14.25: beef cows, $9 to $11.50: low cutter and cutter cows. $3.5C to $8: vealers. sl3 to sl4; heavy calves. $7.50 to sl2. and bulk stock and feeder steers. $9 to $12.50. Sheep receipts were 200: Top fat lambs. $13.50: bulk fat lambs. sl2 to sl3: bulk cull lambs. $8.50 to $11; bulk fat ewes. $4.50 to $6.50, and spring lambs, sl3 to $15.50. —Hogs— Rpcetots. 9.54)0; markpt, lower. 250-350 lbs 610.50% 10.90 200-250 lbs 10. Sou 11.00 160-200 1b: 10.80 U 11.00 130-160 ibs 10.25f 10.ja 90-130 lbs 9.50'" 10.00 Packing sows 9.25% 10.00 —Catfle— Receipts. 1.600: market, steady. Beef steers *12.50% !4.25 ; Beef corvs 9.00% 11.aO I Low cutter and cutter cows... 6.50% 8.00 Bulk stock and feeder steers. 9.00'./12.50 —Calves— Receipts. 1,000; market, higher. Best leals 13.00% 14.00 i Heavy calves 7.50% 12.00 —Sheep— Receipts, 200: market, irregular. ! Top fat lambs $13.50 Rulk fal iambs *12.00% 13.00 Bulk cull lambs 8.504111.00 Bulk fat ewes 4.50% 6.50 Spring lambs 13.00% 15.50 Other Livestock Si; In ill <1 Vrcti* CHICAGO. May 21.—Hogs—Receipts, 15,000; including 800 directs; market, slow and mostly steady to 10 cents lower; top *11.15 psid for choice around 210 lb.: bulk better grade 160 to 300 lb. weights. $10.60 fill; butchers, medium to choice 250350 lbs.. $10.35% 10.90; 200-250 lbs.. $10.50 % 11.15: 160-200 ibs.. *10.15%,11.10; 130160 lbs.. $9.85% 11.05; packing sows. $9.40% 9.90; pigs: medium to choice. 90-130 lbs.. $9.50% 10.75. Cattle—Receipts, 5,500. Calves. Receipts, 3.000; market., slow but fully steady with Monday's 25c down turn, weighty steers in narrow demand. Salughter classes, steers good and hoice. 1.300-1.500 lbs.. $13.25% 14.90; 1,100-1.300 ibs.. $13.25% 15; 9.50-1,100 lbs.. $13.25% 15; common and medium 850 lbs. up. $10.75% 13.25; fed yearlings, good and choice 750950 lbs.. $13.25% 15; heifers. good and choice 850 lbs down. $12.75% 14.75: common and medium. $9.25%'13; cows, good and choice. $9.75% 12; common, and medium. *7.75®9.75: low cutter and cutter, $6.25'" 7.75: bulls, good and choice ibeeft. $10.25% 11.50: cutter to medium SB% 10.35: vealers imtlk-fedi.. good and choice, $10.50 % 14.50: medium. $9% 10.50; cull and common. $7 % 9; stocker and feeder steers, good and choice 'all weights) $12.25% 13.25; common and medium, $9.75% 12.50. Sheep -Receipts. 15,000; market opened slow and steady: early bulk shorn lambs. $12.75% 13; choice kinds held above $13.25; few native springers, $15.50% 16.25; fat ewes. *6.50% 7; slaughter classes, spring lambs, good and choice. *15.75% 16.75: medium. $14.75% 15.75; cull and common. $12.50% 14.75: lambs, good and choice 92 lbs., down $12.50% 13.50; medium. $11.50® 12.75; cull and common. $8.50% 11.50; medium to choice. 92-100 lbs. down. $11.25% 13.25; ewes, medium to choice. 150 lbs. down. $5.75%.7.50: cull and common, $2.50%5.75. fin I nitcil Pi i - v EAST BUFFALO. May 21.—Hogs—Receipts. 900; holdovers. 400: market. 5 to 15c higher. 250-350 lbs.. sll% 11.45; 200250 lbs.. $11.15% 11.65; 160-200 lbs.. $11.35%' 1165; 130-160 lbs.. $11.15% 11.65: 90-130 lbs., $9.50% 9.75: packing sows. $11.10% 11.65. Calves—Receipts. 400: market, steadv to weak: beef steers. $12.50fi14: light yearling steers and heifers, $13.25® 14.50; beef cows. $9.25% 10.25: low cutter and cutter cows. $5.75% 7.75; vealers. $15% 15.50. Sheep —Receipts, 100; market, fat lambs, nominal: aged stock steady: top fat lambs, $134113.50: bulk, cull lambs, SB% 10.50; bulk fat ewes. s6® 7. Bit Times sisrcial LOUISVILLE, May 31.—Hogs—Receipts. 800. market. 15c lower; mediums and lights. 130-300 lbs.. $9.75 10.60: extreme heavies. 300 lbs., $10.10; pigs. 130 lbs. down, $6.50% 7.75; stags -ana throwouts. $7.65%8.25. Cattle—Receipts. 100: market, steady; prime heavy steers. $12% 13.50heavy shipping steers, stl4il2: medium land plain steers. $9.50% 11: fat heifers. $9 : 13.50; good to choice cows. $8.50% 10: medium to good cows. $6.50% 8.50; cutters. $6.25'"6.50: canners. $5.50%6: 'bulls, $7 50 i 10.25; feeders. $9.50% 12; Stockers, $8.50 " 12. Calves—Receipts. 300: market steady; fancy calves. sl2: good to choice. $9.50% 11.50; medium to good. $6.50%8.50; oil's. $6.50 down. Sheep—Receipts. 200; top lamb.-. 50c lower: other steady; springers. $15.30%T6.50; fed lambs,' $12% 13; sheep. $5 50'" 6.50. Monday's shipments—- ' 32:; calves. 565: hogs. 699; sheep. Ru I nUril Pr< s.< PITTSBURGH. Mar 21.—Hogs—Receipts 1.050; market. $10.50'" 11.25: 200-250 lbs.. sll " 11.35- 160200 lbs.. $11.20% U 3a; 130-160 lbs.. $lO 50 % 11.35: 90-130 lbs.. $lO 110.75: packing sows, $9.25% 10. Cattle—Receipts. 25: market. steady. Calves—Receipts. 75market. slow: beef steers. *12.a0%14.50light yearling steers and heifers. $114; 14: beef cows. $8" 11; low cutter and cutter cows. $6% 7.75; vealers. $12.50% 15; heavy calves, $lO% 14. Sheep—Receipts. ’ 500; market, steady: top fat lambs. sl4: bulk fat lambs, 512.50%14: bulk cull !ambs| s7'<i 11: bulk fat ew es, $5% 7.50; bulk spring lambs. $14% 17.

Local Wagon Wheat

Cipc grain elevators are paying $1.03 for No. 2 red r heat and 98c for No. 2 hard. CALLES QUITS COMMAND Resigns AVar Tost. May Take Trip to South America. Hu 1 Prent MEXICO CITY. May 21.—The plans of Plutarco Elias Calles. former Mexican president who resigned as minister of war. were uncertain today although it was understood unofficially that he was contemplating a trip to Europe or South America. Calles notified President Emilio Portes Gil of his resignation in a letter which said there was no further need for his services, since the military revolt of March 3 was crushed.

THE INDIANAPOLIS TIMES

On Commission Row

Frnit* Apples—Box Delicious. $3,50 8$: sox Stayman 52.5052.75; box Rome Beauties. $2.75*3. bushel Jonathans. 52.25%2.75: Rome Beauties. a bbl. Greenings, $64x6.50 bbl ; Rome Beauties. ssits ?0 bbl. Grapefruit—Florida $34?4: Texas. $4.50. Lemons—California a crate. 34 5085 75 Limes—Jamaica 100 bv count $3 Oranges—California navel, a crate S4B 7.50. Florida. $3 50% 4 Strawberries—Aiabama. 34-plnt crate. $4.5085.50 Vegetable* Artlchockes—s2.Bo a dozen. Beans—Southern stringless. $3.50 a hamper. Carrots—Texas. S3B-3.50 5-doz. crate. < Cauliflower—California, $2.75. Eggplant—sl 5082 a cozen Parsley —Home grown dozen bunchei toe Barsmos —$1.25 a bushel. Peas—Arizona $5.50 a 45-lb. box. Peppers—Florida, a crate. Radishes—Button hothouse doz bunches 75c. Spinach—Texas. $1.25 a bushel. Turnips—sl% 1.25 a bushel. Tomatoes—Repacked. 6-basket crate. s7® 9. Cabbage—Texas, new cabbage. 3%c. Kaie—Spring, a bushel. 51.25. Celery—Florida. $383.50. Lettuce—California head, crate. S4 50ffS; nome-grown leaf, a bushel. 65875 c. Onions—Yellow, a 100-lb. bag. $4.75: red. <5 a baa; Spanlsn a crate $3.25: western $5.75. netv Texas e crate $4.50. Shallots—3s@4oc a bunch. Potatoes—Michigan round whites. 150 lbs., $1.75; Ohio. [email protected]: Idaho. $2.5083 a bag: new Texas triumphs a 100lb bag $6 50. Rhubarb—6o@>7sc a 5-lb. bunch Coconuts—ss 50 a bag of 100. Sweet Potatoes—lndiana Jersey. $2.75 a bushel: No 2. $1 50 " bushel - Nanev Hal! Beans—Southern stringless. $3.7584 a hamper REBEKAHSPICK NEW OFFICERS 500 Attend Annual State Session Here. Miss Anna Raess, Toll City, was elected president of the Rebekah assembly in its forty-fifth annual session today in the I. O. O. F. hall. Mrs. . Mary I. Mater. Rockville, warden, was elected vice-president, and Mrs. Grace E. Childs, Indianapolis. was re-elected secretary. Elections will continue and the new Officers will be installed this afternoon. Memorial services were held this morning. Five hundred delegates from state lodges are attending the session, which convened Sunday and is to continue through Wednesday. Monday they were welcomed by Mayor L. Ert Slack, and the assemblage degree was administered by Mrs. Mater. Past district presidents met at a dinner in the English hotel Monday. The new and old officers will be guests at, a reception tonight in the Denison hotel, district deputies will meet and delegates will go by special train 10 visit, the I. O. O. F. home at Greensburg Wednesday morning. WOMEN WELCOME AT CITY AVIATION BANQUET Times Article Responsible for Decision by Young Men. Women of Indianapolis will be welcome to participate in the banquet which will open the Aviation Exposition at the state fairground on Monday night. An article in the Pink edition of the Times Monday was responsible for a decision by the Young Men of Indianapolis, who sponsor the event, to change the original purpose of making the banquet a stag affair and to throw open the doors to women. Many women who felt resentful at the exclusion asked for a reason. One of them suggested that the future success of aviation depends largely on making it fashionable, now that it has been made safer. The committee saw the point. They asked all men enthusiasts to bring their wives and all women who are air-minded to bring their husbands. ACCUSED KILLER TAKES STAND IN FOURTH TRIAL Faced Jury Three Times Before on Charge of Slaying Woman. Hu United Press BROOKLYN, N. Y., May 21. Barry L. Hoffman, former Staten I "land movie operator, testified in his own defense today at his fourth trial for the murder of Mrs. Maude C. Bauer. He said he never saw Mrs. Bauer, a neighbor, before she was shot to death on a roadside March 25, 1924; that he never fired his gun, which was introduced into evidence, and that he never wore a brown coat. Mrs. Bauer accepted a “lift" from a motorist and was found dead later The motorist- was described as wearing a brown coat. GIRLS CAUSE ARREST Wealthy Portland Business Man Faces Assault Charges. Bu Uniti<t Press PORTLAND. Ind.. May .'-.—Joseph A. Long, wealthy produce man. was arrested and later released on bond here today after two young girls charged him with criminal assault upon them. The girls. Ruth and Mae Denney, live with their parents, who rent their home from Long. Long is president of a produce and poultry company bearing his name and is said to be connected with several eastern concerns. SEWER PLAN DISCUSSED Hurd May Revise Broad Ripple Project, Says Mayor. Charles H. Hurd, consulting engineer for the sanitary board, who designed a plan for the Broad Ripple sewer project, conferred today with Mayor L. Ert Slack. Slack said Hurd may revise his original plan to meet suggestions of the board. The board majority faction rescinded action on Hurds original plan last week. Hoover Makes Reappointment U\! Uniti (I Press WASHINGTON. May 21.—President Hoover has decided to reappoint R. K. Smith of Louisiana as a member of the United States shipping board for anew term beginning June 1, it was learned today.

GRAIN FUTURES UNCHANGEU TO LOWER IN PIT Fair Weather Over Winter Wheat Belt Proved a Strong Factor. Bu United Press CHICAGO, May 21.—Fair weather over the winter wheat belt proved a stronger factor than the 5,000.000 bushels increase in visible supplies in early action on Board of Trade today, prices falling slightly lower. Corn and oats were unchanged to a shade lower. At the opening wheat was unchanged to 'i cent lower, corn was unchanged to ’< cent lower and oats were unchanged to \ cent lower. Provisions were unchanged to slightly higher. Wheat prices are now about .10 cents lower than last February and the realization present levels give farmers no return for their labor makes many traders cautious about pressing the market, believing that situation can not continue. Bears, however, point to fact that visible supply of wheat is still larger than any figure attained before this year, and say younger generation may be surprised to see how low wheat can sell. Reports of delayed corn planting come from wider areas and. with light receipts and good shopping demand, lowness of wheat is only depressing factor in the trade. Oats have been receiving less pressure than other grains, the nearb\- deliveries showing the most strength. Chicago Grain Table —May 21WHEAT— Prev. High. Lot. Close, close. Mav 1.03 A 1.02 Vi 1.02 h 1.03 V, July 1 07*. 1.05 1.05 1.06 3 * September .. l.'lOTs 1.09 1.09 1.10% December .... 1.15'-i 1.14 1.14 1.15 Vi CORN— Mav 86’, .85 .85 .86% July 88% .87 .87 .88% September .. .90 .88'-. .88’ 2 .90% December ... .94% .93% .83% .84% OATS— May 46=4 .46% .46% .46% July 45 .44% .44% .45% September ... .43 .42% .42% .43% December ... .45 44 7 .44% .45'4 RYE— May .86% .86% 86% .86 July 87 .86% .86Vr .86% September .. .90 .89% .89% .89% LARD— Mav 11.45 11.47 July 11.70 11.67 11.67 11 67 September .. 12.07 12.02 12.02 12.02 RIBS— Mav 12.25 July 12.55 P.n Times fipedal CHICAGO. May 21.—Carlots: Wheat, 13; corn, 85; oats. 148: rye. 7.

DECK BOY ILL; S 0 SGETS AID Youth in N, Y. Hospital After Transfer at Sea. Bu ! nxird Press NEW YORK. May 21.—Nolan M. Rady. 19-year-old deck boy on the United States shipping board freighter Jolee, is resting at the United States marine hospital here today awaiting an operation for appendicitis following a thrilling transfer at sea. The Jolee was bound for Genoa when Rady was stricken. Captain Muller of the Jolee radioed for help. The steamship Minnetonka intercepted the message about 2,000 miles off Sandy Hook. Captain Thomas F. Gates ordered his ship to speed to the Jolee. Dr. F. W. Parker, veteran ship surgeon, prepared for an emergency operation. When the Minnetonka approached the freighter it was evident that the heavy seas would endanger the transferring of the stricken youth. Strapped to a strecher, Rady was hauled on board. Drs. John Shields, San Francisco, and Homer Silvers, Atlantic City, passengers on the Minnetonka, diagnosed the lad's ailment as appendicitis, but advised against an operation, due to his nervous condition. Births Boys John and Anna Sp'raeue, 2001 Alvord. Edward and Mabelle Cassidy, 2739 Shelby. Walter and Edna Green, 3648 West Twelfth. Joseph and Dorothy Curtis. 1371 West Twenty-seventh. Albert and Fried Hasenfratz, Methodist hospital. Fulton and Nellie Sperry. Methodist hospital. George and Anna Kilmer, 142 W T est Twenty-seventh. Joseph and Loelia Abraham, 1121 Central. Twins .Ralph and Edith Mercer, 1219 Ewing, girl and boy. Deaths Clarice Mae Fouts. 17, 2234 Leland. mvocarditis. Pearl Baily. 32, 2620 Hillside, acute cardiac dilatation. Beatrice McKay. 38. 537 East Court, acute cardiac dilatation. Agnes M. Powers, 65, 3745 Grxceland, exophthalmic goiter. Glen G. W'echsler. 11 mo.. 1466 ~onth Illinois, broncho pneumonia. William Sherman Carmer, 63. 1937’7 Virginia, uremia. Anna Guthrie Bundy. 33, 644 Douglas, internal hemorrhage. Jessie Eakes. 44, Methodist hospital, acute myocarditis. Edwarc E. Mobley. 59, 211 West Pratt, acute dilatation of heart. Carrie Davis, 68. 843 Eugene, chronic myocarditis. Stella B Hall, 31. 5329 Carrollton, broncho pneumonia. Ellen Horton, 23, Coleman hospital, general peritonitis Building Permits Af Flumm. garage. 602, S2OO. L. B. Willis, addition, 920 Burdsall parkwav. S6OO B. Fleming, garage, 1430 Gimber, $250. I. H. Hull, reroof, 57 Whittier, $252 O. E. Maudlin, reroof. 1109 Knox. S3OO. H. L. Simons, boiler, 5302 North Meridian. $1,900. Horses Killed in Cave-in Bv United Press ORLEANS. Ind.. May 21.—While plowing on his farm today, Harold Lindsey and two horses sank 25 feet into the ground when according to the farmer, “the earth literally gave way." Both horses were killed but Lindsey scrambled to safety. Driver Faces Three Charges Charles Rollison. 1308 North Pennsylvania street, was arrested Monday night on charges of speeding. reckless driving and passing an automatic traffic signal.

The City in Brief

WEDNESDAY EVENTS Indiana Pental \*sociation convention all day. Claypool. Indiana Foneral Director’s Association convention all day. state fairground. Reformed church of United States xeneral synod alt day, First Reformed ebureh. Indiana World Trade Club luncheon, Chamber of Commerce. Kiwanis Club luncheon. Claypool. Junior Chamber of Commerce luncheon. Chamber of Commerce. I.ions Club luncheon. Lincoln. Purdue Alumni Association luncheon Severln. mini Club luncheon. Board of Trade. Mutual Insurance Association luncheon. Chamber of Commerce. Dr. Kate Williams. 508 State Life building, has received notice of a meeting of the secretaries of state osteopathic societies, to be held in connection with the thirty-third annua! convention of the American Os too pa D’ye Association, at Des Moines, the third week in June. Jonathan Rigdon, president of Central Normal college at Danville, Ind., will speak at the Y. M. C. A. here Wednesday evening. May 29, on “What Evolution Does to Religion." A "hard time" party, sponsored by the ways and means committee of Edwin Ray Athletic Association, will be held Wednesday evening at the Edwin Ray Methodist church, Laurel street and Woodlawn avenue. Frank Carlcton Nelson, poet, author of “Along Life's Road." and newspaper writer, will entertain the Kiwanis Club at its weekly luncheon Wednesday in the Claypool. Appointment of H. IV. Beyers as vice-president in charge of the traffic department of the Chicago & Northwestern Railroad, effective June 1. was announced today. He has been a general officer of the road since 1906. William H. Settle, president ot the Indiana Farm Bureau Federation, spoke before the North Side Lions Club Monday. He explained the need for changing basic laws pertaining to agriculture. Women are manifesting an increased interest in politics and have a deeper interest in the campaign issues than men. Miss Genevieve Brown, Indiana supreme court reporter, told members of the Irvington Republican Club at its meeting Monday night. Dr. Amos W. Butler, former secretary of the state board of charities and. correction, was re-elected to the National Research Council’s committee on state archaeological surveys at a recent meeting in St. Louis, Mo. William R. Teel, Indianapolis, chairman of the committee on archaeology, Indiana Historical Society, attended the meeting. A card party Mill be given by Center camp. Royal Neighbors of America, Wednesday night at 8 o'clock in Woodmen’s hall, 322 East New York street. Dan Pogdon. 43 of 611 Fleming street, is in city hospital with a TWO CANDIDATES LEFT Nuevo Leon Governor Withdraws From Mexican Campaign. By United Press MEXICO CITY, May 21.—Mexico was left with only two presidential candidates for the forthcoming elections today, with the retirement of Aaron Saenz, governor of the state of Nuevo Leon, running independently. Saenz withdrew from the race with the declaration that as a result of the suspension of political activities during the recent revolution he decided it was better to leave his adherents free to select another candidate or support an outsider. OPEN BRIDGE BIOS State Highway Commission Has Largest Letting. Bids on twenty-six highway bridges in seventeen counties were opened this morning by the state highway commission, the largest letting in commission history. Low bids totaled $574,167.83. The commisison is expected to decide today on action on the Vincennes and Evansville bridges. Franchise on the Vincennes bridge, which is to cost approximately $370,000, is near expiration. The commission will decide on steps to work with the Illinois highway commission towards securing renewal from the federal government. The state of Kentucky is prepared to go ahead with its part in the construction of the span at Evansville, John J. Brown, state highwaydirector, was notified by Governor Lem Sampson of Kentucky. Under terms of a contract signed a year ago, each state is to share half of the $4,000,009 cost. PONDER CHURCH UNION United Brethrens to Discuss Merger at Convention. Bu United Press LANCASTER, Pa.. May 21.—The delegates to the thirtieth quadrennial general conference of the United Brethren in Christ planned to act today on the plan for the merger of their church with the reformed and envangelical churches to form the United Church in America. Eastern churches are said to oppose the plan, and to avoid possibility of a split in the church over the question it may be held over for action until the next quadrennial convention, it was reported. SEEKS REFUEL RECORD Plane Takes Off in Attempt to Beat “Question Mark.” Bu United Press ROOSEVELT FIELD. L. 1., May 21,—The Bellanca cabin monoplane, newly christened “The Three Musketeers" took off from this field at 2:19:32 this afternoon in an effort to beat the refueling endurance record now held by the army plane “Question Mark." The plane is carrying Martin Jensen, holder of the solo endurance record. William Ulbrich and Lieut. Menrj Q. Q\jUk+

broken left asm and leg received when a step ladder slipped causing him to fall to the floor of his home. Findings on the recent congressional survey of federal prisons and prisoners will be discussed by the Indiana committee on delinquency May 29. at Indiana state reformatory at Pendleton. There are fifty members of the committee. W. H. Eichorn of Bluffton is chairman and Amos W. Butler is secretary. Voluntary bankruptcy petition has been filed in federal court by Notra Clark. Hamilton county farmer living near Atlanta, listing liabilities of $6,683 and assets of $2,779. WOMAN TELLS DENTISTS HOW TO TREAT TOTS Care in Handling Children Stressed by Speaker at Convention, Treating of tractable and obstreperous children in the dental chair featured the discussions today of the sessions of the Indiana State Dental Association at the Claypool. Dr. Samuel D. Harris of Detroit discussed children in relation to dentistry and Dr. Mary Turgi of South Bend.. Ind.. one of the few women dentists in Indiana, amplified his paper in a discussion. “A child is manageable because of a natural tendency to be good or because of a pleasant experience in a dentist's office and is obstreperous because of an unpleasant experience. The hardest child to handle is one who says. ‘My mother said it wouldn't, hurt.’ It's unwise for parents to stress the probable experience impending in a dental chair," Dr. Turgi said. Finds Visits Fun “Children get lots of fun out of having parts of their face go to sleep and by using anesthetics and careful handling the child is convinced his mother is wrong about anything hurting him." she said. She urged that dentists fill teeth of children where needed instead of “hiding behind such excuses as •the family can't afford to pay for having it done and anyway the child can’t stand the pain and the filling won't stay.' ” Convention Ends Wednesday Speakers at the morning session of the dental association were Dr. Harold J. Leonard ancl Dr. J. L. Wilson of the Indiana University School of Dentistry. Trustees of the dental association met today and at noon an auxiliary of the organization was organized at a luncheon at the Columbia Club for wives of dentists attending the convention. Tonight, Dr. M. E. Sawtell of Brockton. Mass., speaks on ’Why Dentistry Needs Economics.” The convention ends Wadnesday evening. PILOT KILLED. BROKER HURT IN PLANE CRASH Training Ship Goes Into Tailspin, Falls Near Roosevelt Field. Bu Unit' and Press NEW YORK. May 21.—Arthur Argles. Canadian World war pilot, was killed and Alfred H. Harris, wealthy real estate broker, was seriously injured Monday when their plane went into a tailspin at 2.000 feel and crashed about two miles from Roosevelt field. At Nas ,u hospital it was said chat Harris was in a serious condition. but, rued some chance of recovery. He was learning to fly. POPE BREAKS TRADITION Pontiff to Leave Vatican Grounds on May 30. Bu United Press ROME. May 21.—Pope Pius XI j will participate in the procession at j St. Peter's square on May 30, in the occasion of the Feast of Corpus Christi, it was announced today. The decision was of great, historic importance. It will be the first time in nearly sixty years that a pope has left the official Vatican grounds. It will be the first time that. Pope Pius XI will have set foot in St. Peters square since he entered the Vatican as a cardinal to remain as pontiff to the Holy See.

FALLS FROM PORCH Wife of Fostal Inspector Drops Twelve Feet: in Hospital. Falling twelve fee) to the ground when the railing on a second floor porch gave way. Mrs. A. C. Garrigus. 50, of 2929 Talbot avenue, broke both wrists and suffered injuries to her head today. She was taken to St. Vincent's hospital. She is the wife of P< iffice Inspector Garrigus. In the Air Air conditions at 9 30 a. m. today at Indianapolis airport. North wind, ten miles an hour; temperature, 56; barometric pressure, 30.24 at sea level; ceiling and visibility unlimited: field good.

Thomson & McKinnon INDIANAPOLIS CHICAGO NEW YORK MEMBERS \>w York Stock F.xchanß© Chicago Stock Exchange New York Cotton Exchange Chicago Board of Trade New York Curb Association 300 Fletcher American Bank Bldg_ Telephone Lincoln 5501

_ MAY 21, 1929

NEGROES WILL PERFECT PLANS FOR CONCLAVE

Leaders of Race Will Be Speakers at Meeting Wednesday. Dr. A. H. Maloney, Dr. Benjamin i A. Osborne and an official ot the Universal Negro Improvement Association from New York will ,-zpeak at a mass meeting Wednesday night at Olivet Baptist church, Hosbrook and Grove streets. Preparations are to be made tor I the sixth annual international conj vent ion of Negroes to be held in | Kingston. Jamaica, British West I Indies in August. The U. N. I. A. movement was founded by Marcus Garvey, who was deported from this country followin' legal entanglements with the United States government. Garvey is directing affairs ot the organization from headquarters in Europe. A delegate is to be appointed at Wednesday night's meeting to represent the Indianapolis branch at. the Kingston convention, officials stated. Throng to See Pageant Two thousand people are expected to witness the Flanner house pageant in Tomlinson hall Wednesday night, under direction of Mrs. Lillian Jones Brown. Outstanding features of the pageant, will be a fashionable tea party, a cotton picking team, and a parade of members of the Flanner house training school. Mrs. Emma Duvalle will represent ’’The Spirit of Flanner House" and Harry Jackson "The Spirit of Work." More than 200 citizens will make up the several episodes. Proceeds will be used to enlarge the day nursery department. The Rev. H. L. Herod is superintendent of the institution. Improves From Injuries Mrs. Theresa Neislcr. 2540 West Washington street, who suffered a fracture of she skull in an automobile accident near Lebanon Sunday night, is reported improving at s. hospital in Lebanon. Miss Winnifrcd Butler, a relative, and Maurice Neisler, a son, also were injured slightly in the collision. M. E. Neisler, driver of the weeked machine, returned to Indianapolis with his son and Miss Butler after making arrangements for his wife at the Lebanon hospital. Miss Butler is connected with the Indianapolis Recorder staff, j Mary Puryear as Cinderella. Norman i Buford as Prince Sunshine, Louise Winston as Robin, Vesta Carter and Marjorie Nichols as the Proud Sisters, Maxine Young as Sweet Briar. Thelma Gregory as the Fairy and Georgia Williams as the Godmother will take, leading parts In the operetta. "Cinderella in Flowerland” at School 42 to night at 8:15. Choruses and costume dances will b" a feature of the program. Elder W. Diggs is principal. Mrs. Brown Speaks Mrs. Demarchus C. Brown spoke to the Student Council of School 4 Monday afternoon. Mrs. Brown talked on "Some Interesting Features of Africa. ’ Mrs. Mar" E. Cable, is principal. Field day program and exercises will be given by the pupils of School 4 Tuesday. June 4. at the building. Delta Sigma Theta sorority will present two one-act plays and give a dance Thursday night at Trinity hall lor the benefit of their scholarship fund. John W. Hardrick. winner of the fine arts awards in the Harmon Foundation contest, has received a letter from the art editor of a French magazine commending him for his work exhibited In Chicago recently. An article on Hardrick's life and work will appear in a future number of the Paris magazine, the letter stated. A banquet for officials and agents of the Mammonth Life Insurance Company will be -riven Thursday afternoon at 416 Indiana avenue. Arrangements are in charge of Lee Lyles, east-end representative. Guests From I.ondon Mr. and Mrs. Amos Thompson. Boulevard place, have as thpir guest. Mrs. Maurinc Moss Browning and daughter, Haroldinr. recent arrivals from London. Mrs. Browning, a former Indianapolis resident, expects to join her husband, who is a Member of a I.ondon theatrical team, following her visit with re’.ati’es here and tn Los Angeles. Mrs. Mettie Grizzle wil be hostess to St. Monica’s guild tonight, at her home, 2946 Shrlver avenhe. A May fete and fashion show will tv given Friday night. May 24, in K of P hall. The program is under auspices of Calanthe court. Mrs. Hattie Rawls i: chairman. Mrs. Clara Hill. Mrs. Lena. Lewis, Mrs. Lillian Lemon and Miss Ellen Thomas attended State Musicians’ Association sessions in Ft. Wayne during the week-end Millionaire Wedding Booked A "Millionaire wedding." scheduled for May 13 at Antioch Baptist church, has been postponed until Wednesday night. The Re'. N. E. Joseph is pastor. Mrs. Ella Henderson,” who attended the funeral of her cousin, Mrs. Cordelia Moore Jett, Covington, Ky.. has returned home. Sergeant Homer F. Thomas, Cos. C, twenty-fourth Infantry. Ft. Benning, Columbus, Ga„ Is visiting his parents, Mr. and Mrs. Jerry Thomas. 1614 Cornel! avenue. Mrs. Wilhelmina Williams of Chicago, Mr and Mrs. Arthur Dodson, and Radford Moris motored to Louisville for the Derby and a week-end visit with relatives. Members of the Antioch Baptist church are conducting a financial campaign to aid lhe vacation fund of the pastor, the Rev. N. E. Joseph. George F. Smedley, representative of Woodland Park resort, is in th" city for a few days on business. LOSES RENTED CAR Man Tells Police Thieves Took It. Made Him Walk. Omar Schultz, apartment 3, of 425 East New York street, told po- v lice today that two men entered hi: automobile Monday night, forced him to take them for a ride, and after giving him a drink kicked him out at Forty-sixth street and Michigan road. He walked home. The automobile was a rented Ford. The men entered the car while he was sitting in it at Washington and California streets, he said.